- Aug 12, 2024
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Anyone doing monthly SIP in crypto ? What platform are you using for it ?
Anyone doing monthly SIP in crypto ?
- Thread starter learnandearnwithseo
- Start date
- Nov 9, 2020
- 4,551
- 2,668
I invest monthly via Binance then move it to Cold Wallets, Its a form of SIP in itself
- Aug 12, 2024
- 1,093
- 319
Binance does not have some automatic system for this ? Right ?
- Jun 16, 2020
- 3,387
- 3,362
its called DCA.
Yes its good doing that.
Its manually done
Cold storage or non-KYC wallets are good
If you are okay with KYC explore exchanges in your country.
Yes its good doing that.
Its manually done
Cold storage or non-KYC wallets are good
If you are okay with KYC explore exchanges in your country.
- Nov 9, 2020
- 4,551
- 2,668
Yes, It has to be done Manually. In my country, there are local platforms which allow this automatic SIP, But the problem with that is tax, Its Gov monitored and the central exchanges are always risky. 2 Platforms have been hacked already, so its better to buy manually and shift it to Cold Wallets like Trust and Ledger.
- Aug 12, 2024
- 1,093
- 319
Binance is not tracked in your country ? I am surprised to hear that.
- Nov 9, 2020
- 4,551
- 2,668
It is tracked now, But its better to move into cold wallets to protect from hacks.
- Aug 12, 2024
- 1,093
- 319
Yes, if the amount is large , it is good thing as precaution. I have a question. Suppose I send from binance to cold wallet. Is there fees for this ?
- Nov 9, 2020
- 4,551
- 2,668
There is network fees only, Nothing else. This is minimal, depending on the gas fees and whats the present rate going on.
Manuelmktg
Junior Member
- Aug 3, 2022
- 107
- 67
Do not SIP and leave your crypto in a centralized exchange or centralized wallet.
Instead, keep buying the dips and then keep storing your crypto in any centralized wallet, such as Trust Wallet, etc.
Instead, keep buying the dips and then keep storing your crypto in any centralized wallet, such as Trust Wallet, etc.
solanarocks
Regular Member
- Nov 21, 2024
- 276
- 71
Trust wallet ? It is not at all safe . Worse than Binance.
Manuelmktg
Junior Member
- Aug 3, 2022
- 107
- 67
Trust Wallet is extremely safe due to its non-custodial nature, which means users have full control of their private keys and funds, unlike centralized exchanges such as Binance, etc.
antonivanov_24
Newbie
- Dec 23, 2024
- 21
- 5
What is SIP? I keep the crypto in cold wallet because on exchange are not my keys
- Jan 6, 2025
- 105
- 26
doing that manually, buying on dex, and keep on cold wallets
doubledhamal
Senior Member
- Mar 24, 2023
- 1,147
- 304
What returns have you generated with this approach so far ?