Hi All,
If DCA-ing each month which exchange is the best entry point for fiat? (Both in terms of privacy and rates…)
I don’t trust Coinbase after their leaked thing with IRS
I live in Europe btw.
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I would recommend you Kraken (I only you their service, tried several others and make dca every month with this exchange). Low fees and Fiat is supported. I truly trust the owner (Jesse Powell )and I like how he works and develop things on Kraken.
I would like to give you a referral link but i dont know if this is accepted here. If you want to do me a favor I would like to send you a PM. But when you want to be highly anonymous then don´t use a CEX (Centralized exchange). Use services like https://bisq.network/
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Apparently Ledger Nano Live has launched a option to buy crypto directly in their app in cooperation with Coinify. Seems perfect for DCA only to buy and go directly into cold storage. They are claiming fees are meeting market standards with 1.7 % on banktransfers.
Any comments?
On Kraken the fees are below 0.5 % when I remember it correctly
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I agree – Kraken is a reputable, longstanding exchange with affordable trading fees. However, check what are their fees for fiat funding transfers (ex. wire, SWIFT/EFT) in your country. If Coinbase fiat funding fees are lower, you could on-ramp fiat with Coinbase, buy stablecoins, then transfer the stablecoins to Kraken for trading & DCA.
That’s great. But I’m after Recurring transactions the only problem i have is my bank asks for a Code that’s.texted to me. That can’t work with a recurring transaction.
I need some help. I’d like to DCA now and earn over the year.
Rob