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Aleks Svetski

Amber - Bitcoin on autopilot

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Amber is an Australian-based Bitcoin accumulation app that spawned an entire generation of DCA products around the world.
We make it easy to Dollar Cost Average (DCA), auto-buy-the-dip, auto-withdraw, and accumulate the hardest money, scarcest asset on Earth.

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Aleks Svetski
Maker
More than 10 years since its launch Bitcoin is not only the best performing asset in history, but is well on its way to becoming the most reliable, global money ever. Its immunity from inflation and the shenanigans of the fiat currency economy has been validated by not only the likes of legendary billionaire hedge fund managers like Paul Tudor Jones & Stanley Druckenmiller, but also by its inclusion on the balance sheet of a number of major publicly listed companies, most notably Microstrategy ($MSTR) who took $425m of cold hard cash and bought Bitcoin and Square ($SQ) who followed suit less than 2mths later with a cool $50m (you see the full list of publicly traded companies holding Bitcoin here) With Amber, YOU can accumulate Bitcoin alongside both these giants of industry and your friends, your family and everyone else. Back in 2014, 2015 and 2016, it was hard to buy Bitcoin. With Amber, that’s changed. This is why we set out to build it, and after almost 2yrs of working on this product we believe it’s the best on the market. Whether you’re after simplicity and automation (go Amber Basic, it’s free), or smarter, more sophisticated features with better rates (upgrade to Amber Black), we have you covered. Amber is Backed by a Major Australian University (QUT) and a series of incredible investors, including Morgan Creek Capital and Fulgur Ventures. Aside from the Amber App, we’re here to support you through the content we produce and curate, whether on Medium or via the Bitcoin Times. We look forward to serving you on your journey to build enduring wealth, Aleks Svetski, CEO @ Amber.
Greg Meadows
@aleksandar_svetski will the app include XRP/Eth/Stellar/other crytpo in the future?
David Ryan
@aleksandar_svetski Congrats on the PH launch! Great to see some QUT-backed companies thriving. Home town high fives! Question: what are the first three steps you would recommend a new user (e.g. me) do in the app to really enjoy the process?
Aleks Svetski
Maker
@aleksandar_svetski @davedri Thanks Dave! Been a long road but very much worth it. 1) link a bank account for DD much like a gym membership 2) set up a recurring investment (eg; $50/wk) 3) close the app & get on with your life, knowing that it’s working in the background 👌🏽 Wealth creation on autopilot
Aleks Svetski
Maker
Hey @greg_meadows , There won't be. I'd suggest having a quick read of this which explains why: https://medium.com/heyamber/ambe...
Aaron Hayes
Been a happy user for over a year now. @aleksandar_svetski has built a simple, secure bitcoin app. At this point it's probably irresponsible to not hold bitcoin in you portfolio - so get off 0. Highly recommend dollar cost averaging with Amber.
Aleks Svetski
Maker
@aleksandar_svetski @startupaaron Thanks Aaron! It's been quite a journey and having clients like you come along that journey with us has been incredibly humbling. The trust & support really means alot.
Keyvan Davani
Please, come to EU! Stack Sats every hour, day, week, and month with Amber.
David Lo Dico
@keyvandavani ?makers Please we need this!
Aleks Svetski
Maker
@keyvandavani Thanks Keyvan! We really wanted to make it to EU for 2020, but turned out to be difficult. The Legacy system is clearly afraid. But..We will fight the good fight and arrive in Europe at some stage in 2021.. Thanks for all the support man!
David Lo Dico
@keyvandavani @aleksandar_svetski Great! I have been checking on Amber every few months for the last year to check any updates. Is there any waitinglist we could join?
Aleks Svetski
Maker
Hey @keyvandavani @david_dico, We will create a waitlist early 2021, or as soon as we can find a clear path to EU. We wasted alot of time, effort, money & energy this year dealing with Wirecard and a few other banks with ridiculous demands.
Gigi
AutoDCA is the way!
Aleks Svetski
Maker
@dergigi Honoured, from the man himself!
Cardwell Lynch
So easy a cave man could do it! #DollarCostAverage #StackinSats
Ryan Neale
Maker
Thanks Cardwell! Your ongoing support and feedback on the product has been a huge help to get it where it is today ⚡
Aleks Svetski
Maker
@csigmashow haha.. I'm a caveman, and we designed it so I could use it.. Thanks for the support man!
Kai Yeung
So easy to use. My kids use it invest their pocket money.
Aleks Svetski
Maker
Thankyou @kai_yeung !! They're some smart kids, and will do very well long term :)
Queen of the starship Harmony Synthesis
Really love this app. Have helped many newcomers purchase their first bitcoin through it, the referral system is an added bonus. The dollar cost average function is also a really smart tool to use. Customer service is super fast. I will happily continue to use as my go to recommendation.
Aleks Svetski
Maker
Thankyou so much @ruthette_ ! Your support means so much, and is a big drive for why we work so hard.
eastern bloc hodler
Auto stacking couldn't get any easier, using Amber is such a seamless experience. Amber Black offers some cool features too, BTFD, STFP, great automation to further compliments my weekly DCA.
Aleks Svetski
Maker
@easternblochodl Thanks man! I think BTFD is going to be the new DCA. Lots more coming in Jan. Really appreciate the support
Dave [Jan/3➞₿🔑∎]
Amazing Product. Really proud to be part of the early release of this product and watching it grow its features. * Amazing "Buy the Dip" and other automation features. * Good AUD deposit options. * Hand holding chat support with reasonable response times. * Simple UI for Noobies * Minimal KYC for privacy and security (takes 5 mins to set up) * Ability to withdraw to your own wallet and set up auto withdraws to your self custody (not your keys not your coins). * ZERO FEES as an Amber Black member! * Bitcoin only. No distractions
Aleks Svetski
Maker
@davidjellison25 Thanyou Dave! Your support along this journey has really meant alot.
Ouriel Ohayon
what are your fees and spread?
Aleks Svetski
Maker
Hey Ouriel, It's variable depending on volatility and the membership tier. Amber basic has a larger spread (generally 30 - 70 bips) whilst Amber Black (premium, high volume version) is very tight , usually around 10/20bips. Amber basic is 2% Amber Black is 0%. (yep - no exchange fees). @ourielohayon
Ouriel Ohayon
@ourielohayon @aleksandar_svetski what is the price of amber black?
Aleks Svetski
Maker
@ourielohayon $14/mth But only available in Australia right now
Nate Watkin
Is this a concept like Acorns, where it auto-invests based off your purchases? Or is it for setting your auto-invest schedule?
Aleks Svetski
Maker
Hey @assembletv Different to acorns in a few ways: 1) it’s bitcoin only 2) you actually buy bitcoin that you withdraw out to your own self custody (not a synthetic representation) 3) we don’t do the spare change stuff. That requires too much access into your bank account. So we keep it simple with direct debit, EFT, and soon; PayID & credit card. Lastly. The schedule is set by you. The last thing anyone wants to do is “time” bitcoin purchases. It’s too wild. So your best option is to dollar cost average on a fixed schedule :)
Aleks Svetski
Maker
@assembletv for sure man
Tarush Jain
So is it area specific?? Coz the app's not available in India.
Peter Young
Maker
@tarush_jain We're based in Australia at the moment and looking to expand globally next year.
Peter Young
Maker
@tarush_jain Will do :)
Nagaraj Hubli
I know that the team behind Amber are true bitcoiners, and understands the ethos of it very well.
Aleks Svetski
Maker
Thankyou - @nagaraj_hubli1 We have much more coming and will ALWAYS be bitcoin only.
Christopher Pavlesic
Quite easily the best and only Bitcoin app you need. Aleks and the Amber team have built something really amazing with Amber. Stack sats, daily.
Aleks Svetski
Maker
@lungdoge Thanks Chris!!! We have some much more on the roadmap and hope that we can continue to deliver.
kunal sumbly
Amazing app, so fluid and intuitive and Aleks himself being at the fore-front of the Bitcoin revolution. Expect more to come. Good luck to the entire team and all the best.
Aleks Svetski
Maker
@one_pacifist Thankyou Kunal That really means alot. So much work has gone into this, and to have people recognise it is extremely humbling. Thankyou.
Thibaud Marechal
Fuck yeah @aleksandar_svetski !! Dope marketing video. Product looks amazing. I haven't had a chance to test it but feel comfortable recommending it as you guys are bitcoin only and allow for simple DCA. Product looks sleek too.
Aleks Svetski
Maker
Thanks brother! That means alot coming from you. I can't wait until we expand it beyond Aus. @thibaudmarechal
Lounès KSOURI
Looks really awesome! Can't wait to test it!
Aleks Svetski
Maker
Thankyou Lounès !! (love your name btw) @lounes_kmt
Jackson Mitchell
Easiest way to DCA into Bitcoin. Set, forget and accumulate wealth. Neat/simple UI. Responsive and friendly customer service team (chat available in app). Amber Black membership looks interesting! Excited to see what features they continue to roll out. Great job Amber team, dope product. ..Hodl on comrades..
Aleks Svetski
Maker
Thankyou Comrade! The feedback means alot. We will continue to Hodl On. @jacksonmitchell
Matt Johns
Bloody awesome product! Sexy app!!
Aleks Svetski
Maker
@sconnybonbon I wish I could reply with a GIF..haha Appreciate the support man. Sex appeal is central to our design ethos..haha
Anton M
AUTO DCA!!!!!, Stay Humble !!!!!! STACK SATS!!!!!!
Aleks Svetski
Maker
yeah @anton_m !! This is the game!