Author's Note: This is not trading, investment, or storage advice. This is simply my own opinion. Trading and storing your cryptocurrencies comes with an inherent risk. I recommend you don't invest more than you can afford to lose. Also, this particular article is NOT sponsored by Swan Bitcoin.
What is Dollar Cost Averaging?
Also known as DCA, Dollar Cost Averaging is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. In this case, the target asset is Bitcoin.
Why should I Dollar Cost Average?
I'm not saying you should DCA. Always do your own due diligence, but if you view Bitcoin as a long-term hedge against the devaluation of the US Dollar and the struggle of Gold, this is the best way to approach your investment in the store of value of the future.
How do I get started?
Look no further than Swan Bitcoin. Use my sign up link to receive $10 when you create an account. No Hassles. To be able to use the Swan Bitcoin features, you'll need to complete their KYC Verification which can take several days to receive approval (they're being bombarded with new account sign-ups).
Why Swan Bitcoin?
There are various ways to DCA in crypto. Numerous exchanges and purchasing platforms such as Coinbase and Cash App have great DCA features as well. Swan Bitcoin took those features and improved them. Here are the reasons why you should use Swan:
- Lower fees: The purchase fees on Swan Bitcoin are 1.19% if you purchase individually either Daily, Weekly, or Monthly. This can be lowered to 0.99% if you pre-pay 1 year of recurring investments.
- Automatic Withdrawal: You can choose to let Swan automatically withdraw your DCA investments to any wallet address. This is fantastic and it also comes with minimal or no fees. For the skeptical investors who are hesitant to give any new(ish) company like Swan their money, this is the best hedge against that. If you have a cold wallet, you can have it automatically sent their. Set it and forget it.
