Stackingsat - anyone? | Bitcointalksearch.org

Tytanowy Janusz

legendary

Activity: 2142

Merit: 1622

Quote from: PawGo on May 23, 2022, 04:06:06 AM

Hello

Recently someone told me about https://stackinsat.com/ as a good solution for DCA? Is anyone using that? They say they take only 1.5% commission, I do not know what are withdrawal fees but I was told it is much lower that usual fee for withdrawal from exchanges.
I strongly consider using them (SEPA is for free and it is just a matter of weekly/monthly transfer from bank) but I wonder if you heard about it and have any opinion.

Isn't it faster, cheaper and safer to use binance auto-invest plan? You can choose from 62 available coins, chose percentage per coin, amount of $$, recurring cycle (daily, weekly, bi-weekly, monthly) even local time for each investment. You can even check Historical ROI for 3YR, 1YR, 1M, 3M time period.

mk4

legendary

Activity: 2716

Merit: 3817

🪸 NotYourKeys.org 🪸

Quote from: pawanjain on May 27, 2022, 11:37:31 AM

For some reason, the site is not having an option to choose the language as English.
I think if it's all about DCA then it should be done manually by ourself.
Why should we depend on a 3rd party to buy bitcoins for us and hold it in a non-custodial wallet.
You are not owning the coins. Not your keys not your coins.

I mean, it's going to depend on how frequent the DCA is, as some people go as far as buying daily; and buying daily in a non-custodial manner via P2P exchanges can definitely be a huge hassle (depending on how busy you are).

Tbh DCA-ing via custodial platforms is fine imo (if you already had an account in the first place). Just withdraw the BTC to a hardware wallet like every week or so.

hd49728

legendary

Activity: 2044

Merit: 1018

Stacking sats is a good strategy if your capital is from your pocket and you don't spend all of your capital for investment.

If you spend all capital for investment, you will suddenly have to cash it out for unexpected, sudden need. That will result in loss in bad case if you need money and your exit price is lower than your entry price.

Another website for Dollar Cost Averaging:
https://dcabtc.com/

pawanjain

hero member

Activity: 2646

Merit: 713

Nothing lasts forever

Quote from: PawGo on May 23, 2022, 04:06:06 AM

Hello

Recently someone told me about https://stackinsat.com/ as a good solution for DCA? Is anyone using that? They say they take only 1.5% commission, I do not know what are withdrawal fees but I was told it is much lower that usual fee for withdrawal from exchanges.
I strongly consider using them (SEPA is for free and it is just a matter of weekly/monthly transfer from bank) but I wonder if you heard about it and have any opinion.

For some reason, the site is not having an option to choose the language as English.
I think if it's all about DCA then it should be done manually by ourself.
Why should we depend on a 3rd party to buy bitcoins for us and hold it in a non-custodial wallet.
You are not owning the coins. Not your keys not your coins.

mk4

legendary

Activity: 2716

Merit: 3817

🪸 NotYourKeys.org 🪸

For a 1.5% commission, I'd rather do things myself regardless if it can be a hassle. 1.5% might look small especially in a per-buy-transaction basis, but that's something you're going to notice affecting your stack some time in the far future.

jaberwock

legendary

Activity: 2520

Merit: 1073

Quote from: PawGo on May 23, 2022, 04:06:06 AM

Hello
Recently someone told me about https://stackinsat.com/ as a good solution for DCA? Is anyone using that? They say they take only 1.5% commission, I do not know what are withdrawal fees but I was told it is much lower that usual fee for withdrawal from exchanges.
I strongly consider using them (SEPA is for free and it is just a matter of weekly/monthly transfer from bank) but I wonder if you heard about it and have any opinion.

Nice name. Stacking sat is always the word that people love to use especially nowadays when btc price is dipping. That site can offer lower fees but still people must be careful on trusting sites that are still new to them. I say new because this is the first time I hear this or see this being talked about on the forum but how this can be a good solution to DCA when I think both acts are still the same? If there are differences then maybe that was only their names or their term's.

Quote from: Despairo on May 23, 2022, 04:26:55 AM

I don't use it, but looking from the interface, it's a custodial exchange and offer Bitcoin investment. They also ask you KYC too, it's not good if you're have privacy concern. Also I don't understand what the relation between DAI and this sites? I read it's mostly about Bitcoin only, you can briefly explain about it. The another thing it's only available with French language, that's why I don't see anyone use it in this forum.

Aw that so many flaws there but the main reason why many people won't use this site is because of kyc. We know most people on this site hates kyc. When it comes to language problems, that is not a big deal but we can just some translators to fix this issue.

PawGo

legendary

Activity: 952

Merit: 1367

They seem to be running under EU law for several years already and the main reason why I became interested in their service is very cheap withdrawal to own cold storage. I think at the end it makes the whole process much cheaper comparing to using big exchange (even if commission fee is slightly bigger). And the full process is automated, you only need to tell your bank to make regular transfers - buying and withdrawal does not need your actions.

davis196

hero member

Activity: 2912

Merit: 900

I've never heard anything about this website and I believe that you don't need a specific platform, in order to do dollar cost averaging.
If you really trust this company, just go ahead and send some coins there at your own risk. But remember, "Not your keys, not your coins"
I don't want to visit this URL. Have you even checked the URL for malware and viruses? They have a .com domain extension, which means that they are trying to do a legit business, I guess.
You could move this thread to the "Service Discussion" forum, since we are discussing a particular crypto company, not cryptocurrency trading in general.

PawGo

legendary

Activity: 952

Merit: 1367

Quote from: Despairo on May 23, 2022, 04:26:55 AM

I don't use it, but looking from the interface, it's a custodial exchange and offer Bitcoin investment. They also ask you KYC too, it's not good if you're have privacy concern.

I do not have problems with KYC in this case, as they provide an invoice and I may use it as a proper "investment", with all the papers for tax declaration in the future etc.

Quote from: Despairo on May 23, 2022, 04:26:55 AM

Also I don't understand what the relation between DAI and this sites?

My mistake, I was thinking about DCA, Dollar cost averaging. I do not know why I typed DAI. I have edited OP.

Despairo

hero member

Activity: 966

Merit: 801

I don't use it, but looking from the interface, it's a custodial exchange and offer Bitcoin investment. They also ask you KYC too, it's not good if you're have privacy concern. Also I don't understand what the relation between DAI and this sites? I read it's mostly about Bitcoin only, you can briefly explain about it. The another thing it's only available with French language, that's why I don't see anyone use it in this forum.

PawGo

legendary

Activity: 952

Merit: 1367

Hello

Recently someone told me about https://stackinsat.com/ as a good solution for DCA? Is anyone using that? They say they take only 1.5% commission, I do not know what are withdrawal fees but I was told it is much lower that usual fee for withdrawal from exchanges.
I strongly consider using them (SEPA is for free and it is just a matter of weekly/monthly transfer from bank) but I wonder if you heard about it and have any opinion.

Topic: Stackingsat - anyone? (Read 124 times)