Dollar Cost Averaging with Swan Bitcoin
Have you been wondering how to start investing in cryptocurrencies, but you’re just not sure where to start?
One of the best strategies for beginning crypto investors is to pick one coin to dollar cost average (i.e. make a regular purchase of that coin every day, week, or month).
Many platforms (such as Gemini and Voyager, among others) will allow you to set up a recurring daily purchase of your chosen coin.
In today’s video, I explore a platform (Swan Bitcoin) that is solely dedicated to helping you dollar cost average (DCA) your purchases of Bitcoin.
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Check our YouTube video here.
By choosing to invest through a dedicated Bitcoin DCA provider, you can make your investing decisions easier and increase the probability of successful long-term investing in Bitcoin.
SwanBTC is especially good for US customers, can connect directly to US Bank accounts, and has some of the lowest fees for the DCA service in the industry. (0.99% if you invest a minimum of $50 per week and pay your fees for the year upfront. I paid $36 for 365 days of a daily $10 Bitcoin purchase.)
Customers can also set up gifting to their friends or relatives, earn referral rewards for sharing the platform with their friends, and make “smash buys” (one-time larger purchases whenever desired).
While Swan does have some limitations (for instance: a ten-day hold on funds deposited from your bank before you can withdraw your Bitcoin, and a 30-day hold on funds deposited over $2500 per month), it also does a great job at making Bitcoin investing easy. I especially appreciate the simple layout of the member’s site that shows you everything from how much you have purchased over the lifetime of the account to what price you paid for each purchase and to which plan you are currently subscribed.
Watch my video review on Youtube for more about what I really think about Swan and then, if you’re looking for an easy way to get started regularly investing in cryptocurrencies, check out Swan Bitcoin!