I’m a huge fan of automating out human error, or forgetfulness, in all things I’m involved in. This includes investing.
At the moment for my DCA I’m using an end of month standing order to automatically bank transfer to CDC, then at the start of the following month an auto-buy goes through. As soon as I get the confirmation emails, I login on mob and pull the purchased amounts to a cold wallet.
I am aware that I’m eating unnecessary fees to do so with CDC, but upon a quick scan this was the most viable exchange to use for accepting regular transfers, and have a recurring buy every month on x date. I only recently restarted my DCA so it’s probable that there is a cheaper method of achieving the same thing with another exchange, given CDC’s higher fees.
Has anyone found a way of doing the above with the other big exchanges? The only one I can’t use is Coinbase (to my knowledge).
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