Bitcoin Forum

What are some good exchanges allowing fixed monthly investment in BItcoin? I need options where my funds will be secure.

Where are you in the world? Not every exchange operates in every country.

NOT YOUR KEYS NOT YOUR COINS

NO MATTER WHICH EXCHNAGE YOU USE

Don't leave your BTC on an exchange, deposit -> trade -> move coins to your own wallet.

-Dave

I agree with DaveF's advice. Not your keys not your bitcoins. If you leave your money on exchanges, just because you want to automate your DCA (Dollar Cost Averaging), it's very bad idea and if you actually practice it, it can bring you nightmare.

Bitcoin Q&A: How Do I Secure My Bitcoin? (https://www.youtube.com/watch?v=vt-zXEsJ61U&t=0s)
Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)
Security checklist (https://chainsec.io/checklist/)

I recommend FTX, 1.5% APY!
More riskier 6% APY on BTC on BlockFI!
A lot of good feedback on 6.3% over at Celsius!

Of course, everything beats a 0% APY on beyourowndamnbank, but there are some morons that still do it and place their coins there with no return!
Do I have to add /S ?

Most of the exchange offer almost same low rate on Bitcoin. It’s not really worth it leaving your coins on exchange in exchange for a mere profit which you can easily have by just holding your Bitcoin safely on your non-custodial wallet.

Some crypto casino offers much higher interest rate if you invest on their bankroll compared to exchange offers if you really decided to be exposed on risk.

Investment in bitcoin? I doubt there is a platform like that but if there is surely its not that much % to gain on that since bitcoin is a PoW and not a staking coin. Maybe a deal to locked your bitcoin with such small interest. But for the sake of decentralized aspect, I doubt youll like it since its small and your tokens will be locked. If only bitcoin has a PoS structure and get a maximum reward but its not worth it if its the same just like that.

This is the most difficult thing I will ever do because exchanges especially centralized exchange are becoming something else where we hear lots of drama and stories that concerns hacked and security breaching. The best thing to do is to look for a better wallet were you can store your funds fixed it in long time period of investment and watch out to see what you would gain with that period, because entrusting your funds into any exchange that may easily fold up is very risky, that is why you also need to try out Bestchange.com

You can not get complete security when you give away your bitcoin ownership and make them handle it.

Using centralized exchange to store your coin is out of the option. As others suggest, you should manage your own coin, it's okay if you want to routinely buy bitcoin from an exchange, but it will be good move out of it and to the wallet you control. That goes, the secure option is to learn by yourself about how to properly secure your wallet, be it using a hardware wallet or a cold storage option.

Where were you during the fall of centralized lending platforms like BlockFi, Celsius, and the even bigger fall of FTX? If you are new I won't be surprised but you are an old investor in the market and even an old person on the forum. And it can be said that this forum is a community that hates centralized exchanges because it has too many risks and goes against the concept of decentralization that bitcoin has created for us. Not only is your idea a bad idea, but you also ask this question in the wrong place.

Try to listen to people telling you here and its so risky to do that since we never know on when those exchange would provably the target of the attack or they became scam so better invest your bitcoin on other things that you know and make sure that you have the possession so that you will not get scam by those scammers.

Better to hold your bitcoins rather than believing on monthly or yearly returns since you can make sure that your bitcoin is on safe condition. Also make sure that you hold your own keys so there's little risk that we might get compromise.

Those keywords like "Not your keys not your coins" and "be your own bank" is great reminder for people not to take a investment risk on other platform which offer similar services.

If you need option of where your coins will be secured, then you don’t need an exchange m, the best secured place to keep your coins is in your own private wallet, anything that moves from your private wallet to a centralized exchange then you are no longer secured.

Better stop looking for where to get some APR and focus mainly on how to secure your coins, this comes with being cautious, avoid sites that promise high APR, people who look for ways to multiply their coins like you are the reason why scammers keep on developing money doubling sites in other to attract you to them.

Being self custody is a best for Bitcoin investors. You control your keys, you control your coins and you will not have to mind what will happen to any centralized exchange. Their collapses can cause Bitcoin market to crash but Bitcoin is not dead so its price will recover after black swan events.

If you store your bitcoins on centralized exchanges, anything bad happens to them will result in your loss.

Two choices, two big differences for your ending so let's make your right choice.

What do you mean by fixed monthly investment? You don't need the help of any platform to start investing in Bitcoin, if you believe that the only way for you to start investing into Bitcoin is for someone to do it for you then find someone you trust, like a brother or life partner and save the money with them, until you are ready to DCA into Bitcoin.

I know that some people find it hard to save money, they aren't lacking but they are not just good with saving money and investing, it is not in them from the start, I have someone who is like that and I helped him keep money for a while until he end up using the money for what he intended to use it for.

Bitcoin isn't safe in the hands of any centralized exchange, stop looking for this as you can become a victim to scammers who could see you as vulnerable, Bitcoin is best saved in your crypto wallet, download Electrum wallet and write your recovery seed, keep it to yourself only and start buying some part of Bitcoin when you can, weekly of monthly, your choice but don't ever invest into Bitcoin through any centralized platform.

None.

If you want to earn fixed small %APY from centralized sites, you're need to take risk for losing all of your coins.

If you hold your coins in non custodial wallet especially in cold storage, you will not earn fixed %APY, but the chance you will lose your coins are very low as long as you understand how to protect your coins.

I pick the second option, not sure about you.

Good catch @DaveF.

Exchanges are not the best and safest place to store Bitcoins in any amount and for any length of time.

Exchanges are just a good place to trade, but to store them OP needs his own wallet, for example, a hardware wallet or desktop/mobile wallet.

For newbies or anyone, make it a habit to pay attention to this if you don't want to lose funds, for example the exchange you use to store digital assets/Bitcoin is affected by a case like FTX.

The best investment is to buy and hold BTC.

Just like other people have commented already, not your key not your coin.

My advise for you is to hold your bitcoin on a noncustodial wallet. Coldwallet if it is huge amount of money. The interest on those exchanges are very small and not worth the risk at all. If bitcoin bullrun starts, you will gain far more than their APR.

What do you mean "allow"? I make sure all exchanges allow it, they love to see you put in money every month.
Just go with a p2p exchange like bisq+alarm reminder in your bank app. This plan should be managed freely by you, not dependent on any exchange features.

Be careful of the exchanges or investment platforms that lure you with a fixed monthly income, because they are most likely going to scam you of your funds. I wouldn't trust any exchange with the safe keeping of my funds at the first place. Instead of relying on APY to make profit, why don't you just get a good wallet, be doing DCA gradually and hold unto your Bitcoin long term? That's more profiting as you can get to sell during the bull and make good returns of your investment.

Options where your coins will be secure:
- Recommended open source Hardware wallet.
- Well reviewed software wallet like Electrum and Sparrow.
- Airgapped wallet.

Options where your coins will be insecure and you could lose it:
- Storing it in centralized exchanges.
- Storing it in lending and earning platforms.
- Having the idea that an exchange is too big to fail and you can leave your funds there.

Centralized platforms are not safe, you don't have full control unless a third party controls them, avoid them and choose your own wallet which is much better.

Investing in bitcoin is enough with a non-custodial wallet, I think every investor chooses this option rather than storing it on an exchange.
Even if you want to profit from the APY offered by the exchange, it won't be much if you save it there, I don't really recommend it.

Fixed monthly investment in bitcoin? Do you mean the APY offered by the exchange? You are relying on the exchange to make a small profit from the exchange but risking all your assets? Believe that is a bad idea.

Why don't you HODL in hardware wallets or wallets with seed phrases?
Because relying on an exchange just for the benefits it offers is never a good option and I wouldn't even do that knowing how many people warn about never putting money on a centralized exchange you will feel the consequences later if the exchange exits.

Try to choose other people's recommendations because that is the only thing that saves you from this stupid thing (sorry I said that).

Bitcoin is not meant to be stored on 3rd party wallets to earn passive income on it.
Hold bitcoin directly in your wallet. If you want to earn passive income through fixed deposit then straight up put it in a bank.
At least your capital will be in safer hands. Always remember that saving capital is the most important thing.

You've been here since 2017 (base on the creation of your account), and I believe that in those 6 years, you already know that putting, and storing your Bitcoins on a CEX isn't recommendable because of the hacks that might happen right?

Can I ask OP what's the purpose of asking this type of question? I know that it's tempting to store your Bitcoins in an exchange, and look them grow in amount, but the value of what you can get is way lesser than the amount of money that you might lose if that exchange gets hacked.

Just hold it on a noncustodial wallet like what others shared here already. Good Luck I guess, and I hope you will not get tempted to store it there.

I completely agree that one should never leave their coins on ANY third party wallet. Whether it is a crypto exchange wallet or an online gambling casino wallet. But again that might be difficult if he is a day trader who often needs to trade. He will probably burn all his money away on the transaction and withdrawal fees of sending the coins back to his wallet. Exchanges do try to make withdrawal unnecessarily hard for their customers. One alternative would be either DeFi or to use a different coin with a very low fee in order to push back and forth often without incurring large fees.

I think Coinbase, Kraken, and Gemini (but I will not recommend using Gemini, due to the recent lawsuit against it, from the SEC, as Gemini was alleged to trade in illegal securities) and just to remind you that's the same reason due to which Binance have to leave the US market. So I would say avoid Gemini at the moment.

Strike, an app from El-Salvador, can do the work, but just to clarify, I am against such programs and especially in the centralized banks or exchanges.
Should we still choose FTX even after what SBF (CEO) did with it, well, at the first place, choosing a centralized exchange is itself a bad choice in the sight of many but, if OP doesn't care about that, then FTX might not be the best option. Just a thought, what do you have to say?

Why do you need this OP? By this I mean could you not do this on your own? How difficult it can be to set aside some money each month to invest in bitcoin and then buy it whenever you have some time available? To me that seems like the easiest thing on the world as you do not really need the help of any exchange in order to achieve this, also as it has been mentioned never rely on the security of an exchange, as even if you were to use a good platform the risk of your coins disappearing is always there.

I know an exchange that can do that for you but for that you'll have to download an open-source wallet software like Electrum and then create your own personal wallet on that wallet software. Once your wallet is created then you'll have to save your seed words and private keys.

Never share the private keys and seed phrase with anyone and write those on a paper as well as save those on a SSD and then copy your wallet address and disable the internet on the computer where you have installed your wallet software and never connect it on internet again. You'll only need that wallet address that you have generated and other than that you don't need anything else.

Now you can use any centralized exchange or decentralized exchange to buy Bitcoin and once you have bought the Bitcoin then withdraw those Bitcoin into the wallet address that you have copied. You can do that every month by buying Bitcoin on those online exchanges and withdrawing those Bitcoin into your own personal wallet that I referred as an exchange in order to make your Bitcoin secure.

That's the most secure way to buy and store Bitcoin and you'll never have to worry about any theft or any other issue as long as you don't use your seed phrase or private key on any other computer. The moral of this post is to never trust the exchanges that have control over your keys because if the keys are not yours then the coins aren't yours. In Bitcoin investment trusting anyone can be dangerous and trusting online wallets is the stupidest thing that anyone can do.

Actually my thought about this, Any exchange would love to see a monthly deposit from a single user so OP can basically use any existing exchange we have on the internet. But there would be some major issues especially with the security. OP should know how risky is it to store your bitcoins in an exchange, as far as I know, they are not liable with their users losses once they got attacked by hackers, or any breaching incidents that caused their platform to go bankcrupt. Best, if you could store it in your personal possession, don't think about the annual profit you can get from storing it to exchanges, think about how much bitcoin you can get in a year.

Oh, dear what are you talking about here, Not even on a  single centralized platform your funds are secure, Here on Bitcointalk I have mastered one of f the key lessons you can say the top-tier Earth Class technique (In anime terminology) that Not_Your Key_Not Your_Funds.

On any close source Self Cutotidal and Centralized Custodial wallets, your funds are at great risk, and more on that your privacy is worth nothing there. So my friendly advice here is that please never prefer any centralized platform to store your funds better choose a good non-custodial (Self Custodial wallet).

The two statements you have mentioned are against and contradict each other. What do I mean here?

First of all, once you send money in an exchange, for whatever purpose, it's like you share the authorization of your funds with a third party. Therefore, if some epic failed shit happened on that exchange, your money will also be doomed and the worst, you won't now be able to ever touch your funds for good.

If you fully understand the risks, you can consider checking the Binance Earn feature as it might be close to what you are looking for. But before you proceed, I told you that exchange for education and feeding your mind purpose. Some additional knowledge on what can you expect once you push that idea and I hope you can realize and understand if it's worth trying or not.

Seems you want to apply the DCA method but your means of achieving this seems to be risky. Like many have already advised here, centralized exchanges is not the right place to save your Bitcoin.

I understand that withdrawals can eat up significant portion of the investment if you have to be buying small amounts regularly and transferring to your private wallet. You can do it cumulatively to reduce the fees. You can deposit and buy then withdraw I two months interval or as you choose but never to save the coin in the CEX. 

Alternatively, you can use any of the numerous decentralized exchanges.

Once again, never save your funds where you do not control the provate key

Full member rank, and you are yet looking for an exchange that will pay you just a little nonsensical profit, whereas your asset is put at risk. Before you grow from brand new to the rank you are now, you are supposed to know the rules of "not your key, not your coin." You are supposed to have read about the issues that Binance Exchange was faced with some months ago; you should have read about how the FTX exchange collapsed; you are supposed to have read the news about one exchange called Precillia or whatever, but you should have read how it collapsed. You should have read about so many warnings regarding maintaining a successful investment. All that information is in this forum.

Some months ago, when the transaction fee for Bitcoin was very high, Binance Exchange disabled withdrawals. So what if the withdrawal was disabled at the time you wanted to make use of your asset? OP, Bitcoin is not centralized; be very wise not to store your coins on centralized exchanges or platforms.

This is strange really coming from an old member like yourself I mean by now, I think you would have been familiar with the term of not your keys not your coins because exchanges are really the best place for one to have the certainty that his or her coin is safe because you don't actually have full control of what might happen to your coins if you actually save your coin in an exchange. This theory has been prove series of time as we all see exchange crash all of a sudden leaving investor stuck with the regret of not moving their coins to their own wallet.

Obviously, your coins are more secure if you put them in a Lectrum wallet, sparrow wallet, metamask, unstoppable, or hodl. This is if you don't buy a hardware wallet, but if you do, it's better to buy one.

Because if you buy from an exchange, it will not appear that you are the one in control of your coins here because it is centralized, where they can freeze or hold your account on such platforms at any time. And when that happens, you have no objection to recovering the assets that are on the exchange platform.

Don’t put your money on exchanges unless you’re going to send crypto or you’re going to trade cryptocurrencies. With what happened to FTX you would@?3 expected people to be more responsible when handling their crypto but we still gotta inform them every week to about “not your keys, not your coins”. In any case just use a coldxwallet and set a reminder for yourself ever month or so. If you’re looking to DCA tht’s the most consistent and safest option out there, and most of all you’re not going to pay for taxes and fees when you transfer these coins into your wallet, so it’s a massive win-win for you. Using cold wallets are easy too, just find the one that suits you the best and you’re good to go.

You are required to deposit bitcoin on them for a certain period of time. Do you think that it is worth it? With all the news left and right about exchanges being hacked, are you confident with that?

Sorry to say but just keep your Bitcoin on your non-custodial wallet.

And with that, peace of mind is priceless when you know that your Bitcoin is being kept safely by you.

Have you forgotten the collapse of FTX last year and the loss of hundreds of billions of dollars? FTX was once considered one of the top exchanges and was even ranked second only to Binance. But then you saw what happened, millions of investors still haven't received any compensation even though they were promised a lot. I believe this will also be the 2nd Mt.gox, they will promise and promise but never give you your money back.

What percentage of interest will you get on the 1BTC you stake? 5% or 10%? While the risk you will face is losing all the bitcoins you have. Do you think it's worth the risk?

Why are you looking for exchanges, buddy? It seems you got some air-droppedd merits, which means you are here for awhile, but didn't you read any threads where authors warned readers that you should not keep your money on online accounts? Theymos has wrote a thread with this title. Yet you are searching for an exchange to invest.

I have seen atomic wallet where you could stake your crypto's (Not Bitcoin) and make some money. But since the last hack of Atomic wallet, I do not trust them anymore. So, I recommend not to use any kind of centralized exchanges to stake your money.

If you don't trade peer to peer, in person face to face, you will need an exchange to buy and sell Bitcoin. Nothing wrong if you need an exchange for your buying and selling.

The wrong is if you need an exchange to store your bitcoin there, long or longer than you need. Because storing bitcoin on exchanges means you can lose your coins anytime.

If you afford to lose your bitcoin anytime, go next with exchange account as your bitcoin wallet. I don't recommend it and many expert neither advise to do it like here (https://bitcointalk.org/index.php?topic=5421039.0), there (https://bitcointalk.org/index.php?topic=5456886.0).

Before you invest in Bitcoin, you should know what the main goal of Bitcoin, and that is to protect privacy and security. And in this case, if you choose these exchangers to keep your funds, then the privacy of your personal data will not be protected here. Yes centralized exchangers also have reputable exchangers but your funds are never safe in centralized exchangers. Yes centralized exchangers also have reputable exchangers but your funds are never safe in centralized exchangers. You should go for non custodial wallet where you will get security of your funds that is more in case of Bitcoin.

Frankly speaking, exchanges are also a part of the cryptocurrency industry and even an indispensable part. I believe that all cryptocurrency investors will at least use 1 or 2 centralized exchanges, only a rare few will use no centralized exchanges at all. We should not deny the role of centralized exchanges and their contributions to the cryptocurrency industry.

You're right, using a centralized exchange is not as bad as many people are saying. And if we use them for the purpose for which they were created such as exchanging, buying, selling, converting...then there is nothing wrong here. But if we use them for long-term storage then it is really a wrong decision.

I don't understand if OP wasn't in this forum and how come he doesn't know that it is gambling when you leave your coins in an exchange, or is it greed of making profit that has taken over him that made him to ask this question. Bitcoin is best kept in a noncustodial wallet and you have to invest in a long term for you to benefit from your investment.

If you are the type of investor that think bitcoin is a get rich quick scheme, you are getting it wrong because bitcoin investment needs patience and discipline to reap from it. Exchanges will such offers have plans to scam you of your bitcoin.

You're right, Exchanges offers low rate, also your coins might not really be there. What you see is a promise that if you ask for your bitcoin, they will give it to you. But if the exchange gets hacked or if the CEO fakes his identity and takes the private keys or if the government steps in, all coins could go into their pockets. It's better not to leave your coins in exchange, to eliminate the risk, withdraw your coins now.

Although, I also object to the OP because he is looking to store his bitcoins on centralized platforms, which is quite risky. But I will not agree with you that, all centralized exchanges are planning to scam investors' bitcoins. They do not force you to store your bitcoins on their platform, you come to them voluntarily, so how can you say that they are planning to scam you? Furthermore, not all exchanges are scams or will collapse, there are still some exchanges that are still doing well today. For example, Coinbase is an exchange that has been around since 2012 and have you seen them scam anyone? Don't use the exchange the wrong way and blame them when the choice is yours.

OP you should have been aware of this before now. Am surprised you are still searching for an exchange where you will give away your money. If you are really interested in Bitcoin, then you should get a wallet wfor storing them. Any time you want to buy some you buy you deposit your fiat buy your bitcoin and send it back to your wallet. Simple as that. Stop risking your funds and your investments. Centralized exchanges are not advisable for storing Bitcoin you may lose your entire fortune if you ignore what i just said. If you dont know a good wallet then you should try Electrum (https://electrum.org/) it is one of the most recongnizable as of now.

If you really want to store bitcoin in the exchange and you are forced to, maybe it is better to use DEX (decentralized exchange), because you just connect your wallet address here. It depends on which network you use, because, as far as I know, it is also possible to store bitcoin using a metamask.

And this is the transaction link on how to transfer bitcoin to Metamask. Just read and follow the instructions on how to do it, as long as you understand it correctly, so you don't make a mistake.

---

https://cointelegraph.com/news/how-to-store-bitcoin-on-metamask
https://www.youtube.com/watch?v=BpufIlp5xY8

We cannot deny that centralized exchanges also played a vital role in spreading awareness of Bitcoin and other cryptocurrencies. It helped many users to know about Bitcoin. But I assume, you don't really care about privacy concerns. Just imagine you have submitted your personal documents in a centralized exchange and a few years later you notice that your life become a living hell because of that. There is a story where a romanian guy was arrested because they said this did some crimes while he is aware of anything. Then they figured out that his personal information were stolen and the criminals used his info do to the crimes. This is identity theft. Even coinbase sold their users info on the darknet.

Again quoting myself:


Can you even deposit on FTX? Have you actually checked as the platform is closed!
It was a clear as glass example of what happened to previous platforms that offered high APY, you didn't get the interest and you didn't get your coins back!

Anyhow I love how everyone is saying don't keep your money on exchange but I'm a bit suspicious everyone is also doing this, if I were to bet on it I would say at least 33% have at least a few hundred $ worth of coins on some exchange and not in their cold wallet!

OP, you should not automate the buying of your bitcoins, because you not going to get the most out of that money... if you have a fixed buying cycle.  ::) What happens if the price goes up to say $100 000 per Bitcoin and you are still buying at that price.... I will much rather save that money.. until there are a drop in the price and then buy more coins at a lower price.  ;)

You have to buy low and sell high.... that is the secret sauce to maximize you profit. There are too many people simply buying for the sake of buying... and they are missing out on buying more coins with less money.  ;)

I agree with those who point out that it's risky and not worth it. Op, just look at BTC price. Just over the last week, it gained 15%. No centralized platform can offer returns like that. Of course, Bitcoin can also stay down for a long time, but if it's down, say, 10% over a couple of months, a measly 1-2% returns won't matter either. My point is that Bitcoin's volatility is much more impactful than fixed returns can ever be, and you can actually choose when you buy, when to sell, and what to do with your coins because they remain truly yours if you aren't using a centralized platform.

It is not functional, and your quoted line is still not understandable by me, sorry but what does it mean -->/S From what I have learned, it means, you are talking in a non-serious mode. Well, hope you won't mind explaining it  :)
You are right, even my 80%+ funds are on centralized exchange, but that's on purpose. I cannot buy Cold wallets in my country as crypto is banned but arrangements can be made but I don't want to take the risk. Waiting for it to be unbanned again and then I might consider buying one.

/s  > sarcasm
https://linguaholic.com/linguablog/the-meaning-of-slash-s/
I forget sometimes this is an international forum, my bad!


You don't need a hardware cold wallet for that!
You either go with the cheap solution of pen and paper or you put a bit more effort into it and follow this
https://bitcointalk.org/index.php?topic=5389446.0

And to be honest, after the last leak of ledger customer's database with full home addresses I would also not be that thrilled to buy something from an online shop.

The general reason is not being confident in managing investment money, especially having a poor level of security knowledge. That's the conventional way for investors to hold a portfolio that relies on centralized institutions.

That's worse advice, metamask only supports wrapped bitcoins (fake). It's not much different from storing bitcoins on an exchange.

Ok Ok, its mean I got the right meaning of it, I got confused when I read that line for the very first time so I ignore it but when you quoted it again I thought it must meant something so I searched it and found out that it represents non serious mode (sarcasm). Well thanks for mentioning it, new word added to my dictionary (after all I am a logophile  :D )

I was also going to mention it as we can use paper wallet to but I avoid it, it is so difficult for me to carry or safe a paper wallet, I don't have any someplace in my home where I can keep it away from others hand. And there are other reasons too so I avoid it but a air gapped wallet can do the work instead.
I was not aware from this news, thanks for bringing it in front of me too. I will look into it more.

This is simply calling for trouble, you don't have to buy a hardware wallet in that case, you have the option to use Electrum offline, by creating your own airgapped wallet.
I don't think stompix was talking about a paper wallet, but rather that you use a self custodial wallet like Electrum that gives you your seed phrase, which you have to back up on paper. Not your keys, not your coins, to use BTC you must find a way to back up your seed phrase safely, it should be easy to write 12 words down and hide it somewhere.

This thread can be helpful for newbies. There can be live services or upcoming ones which will allow automatic  SIP deduction of payment to buy Bitcoin and then transfer it to some safe wallet.

Do you have any bank account? Are you using any centralized government services? And what ensures the bank does not sell your information to third parties? What do you have to ensure your personal information and privacy are not exposed when living in a completely centralized world?

If you are concerned about your financial privacy then I agree that you should not use centralized exchanges, because if the government requires exchanges to provide user information for them to tax the same like what the US government is doing with Kraken. And if you think using an exchange exposes your personal information, you first need to make sure that you have never had a bank account, a social insurance card or are completely separate from the world.

I don't know why you need a 'bot' to help you buy BTC automatically and send it to your address when you can easily to that in a matter of minutes. What you are saying here is just dca, but you can do that yourself, buy BTC in a p2p exchange at intervals of your choosing and store them in your self custodial wallet. Take note that this is different from what the op wants to do, they want to lock their money in an exchange to earn APY, which is not a recommended thing to do.

Your question drives me to wonder: really, are you connected to the crypto world or are you in another world? Haven't you seen how centralised crypto exchanges are collapsing? Don't you feel storing cryptocurrency on a central exchange is risky? You may lose everything you invested. Rather, think of earning more important matters to secure your funds. You can simply earn by holding your crypto on a secure, non-custodial wallet; when the price goes up, you can sell.

Are you aware of how mutual fund operates? Most popular scheme there is SIP only. There also you can do manually each month but that is not  what most people actually do. Ever thought, why?

The only option that will keep your funds safe is keeping them in your own non-custodial wallet and keeping the seed phrase and private keys somewhere very safe so that no one can access them. You don't need an exchange to do that for you but you need to learn the ways that you can use to keep your wallet safe and secure and how you can actually keep your Bitcoins safely without keeping them in a centralized exchange since they are vulnerable and always exposed to hacks and exploits.

A lot of people make the mistake of using centralized exchanges as their wallets and keeping their funds there, but it is not a recommended way of keeping your funds since anything can happen at any given time as we have seen several times in the past happening with several different centralized exchanges.

It's a trap that exchanges give you fixed monthly/yearly income for your deposit. How much are they going to give you? 1% and the highest could be is 10% but I haven't seen that one but usually most of them are only giving that small percentage and that's and annual income. I don't think it's worth it, better if my Bitcoins are on my hand and kept by myself than giving them the custody of it. It's not actually worth it, you put your bitcoins in danger by depositing it to them while they give you in return little amounts that are just like certainly small amounts. Maybe if you have huge amounts, that will give you some nice figure but even with that. That's not even the case because when we talk about huge amounts, we don't trust anyone but only ourselves to hold it.

What if the exchange just ran away with your money?
What if they go bankrupt or some authorities shut down their platform?
You should not invest your Bitcoin in some exchanges or any centralized services if you want your funds to be secured. Of course, you can invest anywhere if you can afford to lose it.

You can't differentiate between currency and scheme. Obviously, it is not possible to invest in mutual funds without going through an investment app, because the only way to run the scheme is with a centralized entity that is systematic and more regulated.

We've been telling that. Even if we trust the exchange, decentralized or centralized and it's all about trusting them with our funds and we get some return from doing it, that's still not enough reason to leave your funds there and let it stay there for so long for the interest they'll give you in return.

Well, if we have already told them the risk that it's going to give them when they're too pushy of the potential profit they'll make from these exchanges without having the trade which makes it sounds good and easy.

There's always the exchange of it and that's the risk whatever happens to them.

Yeah, but I don't even have any device to make it air-gapped, and at the moment I have no intentions to make one because I already divided funds and kept more than 80% on CEX because I have to use them for some trading purposes, which I do often. Therefore, storing them in an Airgapped wallet would be of no use. But I will make an Airgapped wallet one day and store my funds there. Thanks for the advice.

That also comes under the category of paper wallet, I know it is easy to write 12 words down, but dear, it is not easy for me to hide it somewhere due to the issue of having no permanent place (it's not that I move too much). It's like I don't have any storage place for me yet. I only have one bag on me; I used to keep my personal traveling belongings in it and a drawer that has no keys (the lock is broken).

Sorry for late reply.