By enabling the automatic purchase feature, users can deposit U.S. dollar into their Stcoins account and have it automatically converted to HUSD and deposited to the linked Ethereum address. Similarly, by enabling the automatic withdrawal feature, users can send HUSD to their redemption address and have it automatically converted to USD and withdrawn to the linked bank account. These features allow for easy conversion and access to deposited funds without having to access the Stcoins account.
- Auto Purchase
By enabling [Auto Purchase] under [Automation Settings], when a USD deposit is credited to your Stcoins account, an HUSD purchase will be initiated automatically for the amount of USD deposited. The corresponding HUSD will be deposited into the default receiving address linked to your account.
Note: The minimum limit for a single purchase order is 100 USD. If the existing balance in your Stcoins account does not meet the minimum limit at the time of deposit, you will receive an email notification that the system has failed to initiate your automatic HUSD purchase order. If you make a deposit order below the minimum limit, you can make another deposit so that the cumulative deposit amount reaches above the minimum limit. Once the cumulative deposit amount is above the minimum limit for a single purchase order, the system will automatically initiate a purchase order for the cumulative amount.
- Auto Withdrawal
By enabling [Auto Withdrawal] under [Automation Settings], when an HUSD deposit is received by the redemption address, a USD redemption order will be initiated automatically for the amount of HUSD deposited. The corresponding USD will be automatically withdrawn to the default bank account linked to your account.
Note: The current maximum limit for a single/daily USD withdrawal is 1,000,000 USD. If your new account balance exceeds the maximum limit for a single USD withdrawal, you will receive an email notification that the system has failed to initiate a withdrawal order. The balance will remain reflected in your Stcoins account and you will need to manually initiate a withdrawal order under the maximum limit.
If you remove the default receiving address linked to your Stcoins account, the automatic purchase feature will be automatically turned off. If you remove the default bank account linked to your Stcoins account, the automatic withdrawal feature will be automatically turned off. Modification of any non-default receiving addresses or bank accounts will not impact the automation settings.