So many people here ask what is the best way to DCA and here’s how I do it.
I buy bitcoin hourly. And I think it’s the best DCA strategy so far.
My strategy.
I don’t have strike or likewise exchanges in my country that charges my card hourly.
So I buy a stablecoin (USDT or BUSD) lump sum every month in binance through p2p. I hunt for verified sellers with best exchange rates. Because it’s local bank transfer, I get no spreads due to conversions, no card fees, totally free p2p experience.
I then use the auto-invest feature binance provides.
Every hour until my next payday, the assigned USDT gets auto converted to BTC with a fee of 0.2%. Which is really nothing!
For example, I am charged only $10 in auto-invest fees for a $5000 transaction, split into every hour.
($5000 is just an example, no one should hold that much stablecoins in a centralized exchange)
And once the BTC reaches a significant amount, I transfer them to my trezor.
Happy life DCAing everyone!
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