Monthly Automatic Payment using Bitcoin?

[sakbahagiaku]

Bitcoin as an automatic monthly payment will be of great help, but transaction fees that change frequently (depending on transaction density) should be considered, as they can be very expensive.

[FinneysTrueVision]

BTCPay server has a pull payments feature that allows you to pay for subscriptions or anything that requires a recurring payment. It is not completely automatic because you still have to approve the payment for the funds to be sent to the person who is requesting to withdraw from your wallet.

[Sithara007]

Bitcoin as an automatic monthly payment will be of great help, but transaction fees that change frequently (depending on transaction density) should be considered, as they can be very expensive.

Apart from the transaction fee, the volatile exchange rate is also a big concern. It is definitely possible for the exchange rates to do down by as much as 80% or 85%, as we experienced first hand during 2018. In such instances, making automated monthly payments using Bitcoin can be tricky. Because if the exchange rates go down, you need to spend more BTC to make the payment each time.

[Josefjix]

Hi everyone, I am new to bitcoin.

Welcome on board, new adopter. It is nice to have you around this wonderful invention.  

I am wondering if Bitcoin or any other cryptocurrency supports monthly automatic payment deduction from your wallet to the designated party?

Thank you.

If you're holding your bitcoin in offline wallet, they wouldn't be deduction of any kind from your wallet however its value in USD might reduce/increase with respect to the market price at when you're checking either daily, weekly, monthly or annually.
I don't know if any other Cryptocurrency aside bitcoin was programmed to do so.

[The Cryptovator]

Maybe if you have a custodial wallet that supports automatic recurring payments, perhaps you could set it up there. Most of the banks have that kind of feature; perhaps there are custodial wallets in your area that could do that as well.

If I am not wrong then there is no such as custodial wallet who has been offering such as payment system. Even there is, so what is the difference between using a custodial wallet and using banks for monthly payments? The only difference is, by using a custodial wallet you are directly paying via BTC, nothing else. Also, there is a question about Bitcoin price during payments it would be direct BTC or calculate in USD. So, it would be quite a complicated service for a custodial wallet.

[sakbahagiaku]

Bitcoin as an automatic monthly payment will be of great help, but transaction fees that change frequently (depending on transaction density) should be considered, as they can be very expensive.

Apart from the transaction fee, the volatile exchange rate is also a big concern. It is definitely possible for the exchange rates to do down by as much as 80% or 85%, as we experienced first hand during 2018. In such instances, making automated monthly payments using Bitcoin can be tricky. Because if the exchange rates go down, you need to spend more BTC to make the payment each time.

Yes, I totally agree with you.  Now the question arises in my mind, how do I make bitcoin have its own value without being affected by fiat money, especially the US dollar, to be honest I want bitcoin to stand alone to be the center of the exchange rate.