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Topic: Exchanges allowing fixed monthly investment in BItcoin - page 3. (Read 393 times)

hero member
Activity: 2884
Merit: 794
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What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.
Why do you need this OP? By this I mean could you not do this on your own? How difficult it can be to set aside some money each month to invest in bitcoin and then buy it whenever you have some time available? To me that seems like the easiest thing on the world as you do not really need the help of any exchange in order to achieve this, also as it has been mentioned never rely on the security of an exchange, as even if you were to use a good platform the risk of your coins disappearing is always there.
hero member
Activity: 1414
Merit: 513
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What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.
I think Coinbase, Kraken, and Gemini (but I will not recommend using Gemini, due to the recent lawsuit against it, from the SEC, as Gemini was alleged to trade in illegal securities) and just to remind you that's the same reason due to which Binance have to leave the US market. So I would say avoid Gemini at the moment.

Strike, an app from El-Salvador, can do the work, but just to clarify, I am against such programs and especially in the centralized banks or exchanges.
I recommend FTX, 1.5% APY!
Should we still choose FTX even after what SBF (CEO) did with it, well, at the first place, choosing a centralized exchange is itself a bad choice in the sight of many but, if OP doesn't care about that, then FTX might not be the best option. Just a thought, what do you have to say?
legendary
Activity: 2240
Merit: 2003
A Bitcoiner chooses. A slave obeys.
Where are you in the world? Not every exchange operates in every country.

NOT YOUR KEYS NOT YOUR COINS

NO MATTER WHICH EXCHNAGE YOU USE

Don't leave your BTC on an exchange, deposit -> trade -> move coins to your own wallet.

-Dave


I completely agree that one should never leave their coins on ANY third party wallet. Whether it is a crypto exchange wallet or an online gambling casino wallet. But again that might be difficult if he is a day trader who often needs to trade. He will probably burn all his money away on the transaction and withdrawal fees of sending the coins back to his wallet. Exchanges do try to make withdrawal unnecessarily hard for their customers. One alternative would be either DeFi or to use a different coin with a very low fee in order to push back and forth often without incurring large fees.
legendary
Activity: 2576
Merit: 1043
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What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.
You've been here since 2017 (base on the creation of your account), and I believe that in those 6 years, you already know that putting, and storing your Bitcoins on a CEX isn't recommendable because of the hacks that might happen right?

Can I ask OP what's the purpose of asking this type of question? I know that it's tempting to store your Bitcoins in an exchange, and look them grow in amount, but the value of what you can get is way lesser than the amount of money that you might lose if that exchange gets hacked.

Just hold it on a noncustodial wallet like what others shared here already. Good Luck I guess, and I hope you will not get tempted to store it there.
hero member
Activity: 2702
Merit: 716
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What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.

Bitcoin is not meant to be stored on 3rd party wallets to earn passive income on it.
Hold bitcoin directly in your wallet. If you want to earn passive income through fixed deposit then straight up put it in a bank.
At least your capital will be in safer hands. Always remember that saving capital is the most important thing.
hero member
Activity: 1498
Merit: 785
Fixed monthly investment in bitcoin? Do you mean the APY offered by the exchange? You are relying on the exchange to make a small profit from the exchange but risking all your assets? Believe that is a bad idea.

Why don't you HODL in hardware wallets or wallets with seed phrases?
Because relying on an exchange just for the benefits it offers is never a good option and I wouldn't even do that knowing how many people warn about never putting money on a centralized exchange you will feel the consequences later if the exchange exits.

Try to choose other people's recommendations because that is the only thing that saves you from this stupid thing (sorry I said that).
legendary
Activity: 2394
Merit: 1049
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What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.
Centralized platforms are not safe, you don't have full control unless a third party controls them, avoid them and choose your own wallet which is much better.

Investing in bitcoin is enough with a non-custodial wallet, I think every investor chooses this option rather than storing it on an exchange.
Even if you want to profit from the APY offered by the exchange, it won't be much if you save it there, I don't really recommend it.
hero member
Activity: 994
Merit: 1089
What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.
Options where your coins will be secure:
- Recommended open source Hardware wallet.
- Well reviewed software wallet like Electrum and Sparrow.
- Airgapped wallet.

Options where your coins will be insecure and you could lose it:
- Storing it in centralized exchanges.
- Storing it in lending and earning platforms.
- Having the idea that an exchange is too big to fail and you can leave your funds there.
sr. member
Activity: 658
Merit: 441
What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.
Be careful of the exchanges or investment platforms that lure you with a fixed monthly income, because they are most likely going to scam you of your funds. I wouldn't trust any exchange with the safe keeping of my funds at the first place. Instead of relying on APY to make profit, why don't you just get a good wallet, be doing DCA gradually and hold unto your Bitcoin long term? That's more profiting as you can get to sell during the bull and make good returns of your investment.
hero member
Activity: 2212
Merit: 670
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What do you mean "allow"? I make sure all exchanges allow it, they love to see you put in money every month.
Just go with a p2p exchange like bisq+alarm reminder in your bank app. This plan should be managed freely by you, not dependent on any exchange features.
legendary
Activity: 1512
Merit: 4795
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What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.
Just like other people have commented already, not your key not your coin.

My advise for you is to hold your bitcoin on a noncustodial wallet. Coldwallet if it is huge amount of money. The interest on those exchanges are very small and not worth the risk at all. If bitcoin bullrun starts, you will gain far more than their APR.
sr. member
Activity: 882
Merit: 326
Where are you in the world? Not every exchange operates in every country.

NOT YOUR KEYS NOT YOUR COINS

NO MATTER WHICH EXCHNAGE YOU USE

Don't leave your BTC on an exchange, deposit -> trade -> move coins to your own wallet.

-Dave


Good catch @DaveF.

Exchanges are not the best and safest place to store Bitcoins in any amount and for any length of time.

Exchanges are just a good place to trade, but to store them OP needs his own wallet, for example, a hardware wallet or desktop/mobile wallet.

For newbies or anyone, make it a habit to pay attention to this if you don't want to lose funds, for example the exchange you use to store digital assets/Bitcoin is affected by a case like FTX.

The best investment is to buy and hold BTC.
hero member
Activity: 952
Merit: 662
None.

If you want to earn fixed small %APY from centralized sites, you're need to take risk for losing all of your coins.

If you hold your coins in non custodial wallet especially in cold storage, you will not earn fixed %APY, but the chance you will lose your coins are very low as long as you understand how to protect your coins.

I pick the second option, not sure about you.
sr. member
Activity: 728
Merit: 388
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What do you mean by fixed monthly investment? You don't need the help of any platform to start investing in Bitcoin, if you believe that the only way for you to start investing into Bitcoin is for someone to do it for you then find someone you trust, like a brother or life partner and save the money with them, until you are ready to DCA into Bitcoin.

I know that some people find it hard to save money, they aren't lacking but they are not just good with saving money and investing, it is not in them from the start, I have someone who is like that and I helped him keep money for a while until he end up using the money for what he intended to use it for.

Bitcoin isn't safe in the hands of any centralized exchange, stop looking for this as you can become a victim to scammers who could see you as vulnerable, Bitcoin is best saved in your crypto wallet, download Electrum wallet and write your recovery seed, keep it to yourself only and start buying some part of Bitcoin when you can, weekly of monthly, your choice but don't ever invest into Bitcoin through any centralized platform.
hero member
Activity: 2366
Merit: 838
You can not get complete security when you give away your bitcoin ownership and make them handle it.

Using centralized exchange to store your coin is out of the option. As others suggest, you should manage your own coin, it's okay if you want to routinely buy bitcoin from an exchange, but it will be good move out of it and to the wallet you control. That goes, the secure option is to learn by yourself about how to properly secure your wallet, be it using a hardware wallet or a cold storage option.
Being self custody is a best for Bitcoin investors. You control your keys, you control your coins and you will not have to mind what will happen to any centralized exchange. Their collapses can cause Bitcoin market to crash but Bitcoin is not dead so its price will recover after black swan events.

If you store your bitcoins on centralized exchanges, anything bad happens to them will result in your loss.

Two choices, two big differences for your ending so let's make your right choice.
sr. member
Activity: 1288
Merit: 231
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What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.
If you need option of where your coins will be secured, then you don’t need an exchange m, the best secured place to keep your coins is in your own private wallet, anything that moves from your private wallet to a centralized exchange then you are no longer secured.

Better stop looking for where to get some APR and focus mainly on how to secure your coins, this comes with being cautious, avoid sites that promise high APR, people who look for ways to multiply their coins like you are the reason why scammers keep on developing money doubling sites in other to attract you to them.
sr. member
Activity: 1022
Merit: 363
What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.

Try to listen to people telling you here and its so risky to do that since we never know on when those exchange would provably the target of the attack or they became scam so better invest your bitcoin on other things that you know and make sure that you have the possession so that you will not get scam by those scammers.

Better to hold your bitcoins rather than believing on monthly or yearly returns since you can make sure that your bitcoin is on safe condition. Also make sure that you hold your own keys so there's little risk that we might get compromise.

Those keywords like "Not your keys not your coins" and "be your own bank" is great reminder for people not to take a investment risk on other platform which offer similar services.
sr. member
Activity: 588
Merit: 253
What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.

Where were you during the fall of centralized lending platforms like BlockFi, Celsius, and the even bigger fall of FTX? If you are new I won't be surprised but you are an old investor in the market and even an old person on the forum. And it can be said that this forum is a community that hates centralized exchanges because it has too many risks and goes against the concept of decentralization that bitcoin has created for us. Not only is your idea a bad idea, but you also ask this question in the wrong place.
legendary
Activity: 1932
Merit: 1273
You can not get complete security when you give away your bitcoin ownership and make them handle it.

Using centralized exchange to store your coin is out of the option. As others suggest, you should manage your own coin, it's okay if you want to routinely buy bitcoin from an exchange, but it will be good move out of it and to the wallet you control. That goes, the secure option is to learn by yourself about how to properly secure your wallet, be it using a hardware wallet or a cold storage option.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
This is the most difficult thing I will ever do because exchanges especially centralized exchange are becoming something else where we hear lots of drama and stories that concerns hacked and security breaching. The best thing to do is to look for a better wallet were you can store your funds fixed it in long time period of investment and watch out to see what you would gain with that period, because entrusting your funds into any exchange that may easily fold up is very risky, that is why you also need to try out Bestchange.com
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