My plan.. UK based

[Lucius]

I plan to buy more BTC on a regular basis now. Lets say $200 per month for the purposes of this thread.

Have you thought about the option to "borrow" say $1000 and immediately buy BTC, and then pay back $200 every month? In this way, you will save on fees, and at the same time you will have BTC in your wallet immediately after the purchase.

I am here for the HODL.

Are you planning to invest only in BTC? If the answer is yes, then consider a hardware wallet that is only for Bitcoin, and also one of the most secure on the market -> Foundation Passport Official Thread

[Jump1258]

I have read all your replies and appreciate them all thank you.

Particularly like the idea of borrowing $1000 and buying in one hit. This seems like a much more sensible approach!

Will also look at Foundation wallet too!

[Lucius]

~snip~
Particularly like the idea of borrowing $1000 and buying in one hit. This seems like a much more sensible approach!

It is good to consider all options, but be sure that you will be able to return what you borrowed and that the $1000 is not money that can create problems in your life. In other words, try to stick to the golden rule "never invest more than you can afford to lose".

Also take into account that the DCA method (dollar-cost average) has its advantages because you can be lucky and buy at an average lower price than what you will achieve with a single purchase. Of course, that's where fees and security come into play, so we're back to the beginning.

[moneystery]

I would be open to P2P exchanges too.

if you plan to hodl in your custodial wallet then using p2p is a better solution. because you can get bitcoin and the seller will immediately transfer it to you, and the fees incurred for this transaction are lower compared to using cex. you can try binance p2p or any other p2p service you trust, and it shouldn't be too difficult to do this.

[aoluain]

Which is the most cost effective and secure way to keep buying in small quantities ?

Peach Bitcoin is one of the best p2p non-kyc options for purchasing (or selling bitcoin) using cash without any kyc certification.
Bisq is better and more secure as exchange, but it's a bit more complicated to use and you can't trade unless you already have some BTC deposit there as collateral.
Moving coins to hardware wallet is good, but I would suggest other open source device instead of ledger.

I second Peach too, great platform, easy to use, good liquidity ^{plenty of users}.

Which is the most cost effective and secure way to keep buying in small quantities ?

I use Coinbase, I transfer my FIAT from Revolut to Coinbase, it takes about 10 seconds
for that transfer. I can transfer as little as €15 at a time. I have done this also with Binance
but I cant remember how fast the transfer was.

What other options are there for getting my BTC to cold storage asap but not throw away $$ ?

Well ATM fees are very low, I transferred about €600 last night with fees of less than €2 and
secure in my hardware wallet in about 10 minutes.

I would rather spend a few $'s on fees for the safety of my coins! I wouldnt leave €1000 on an
exchange for any length of time over 24 hours.

[Zanab247]

You should at least try to use the right terms or abbreviations for some words not to confuse others. Bitcoin is abbreviated as BTC not BC.just as @Upgrade00 said, you can leave yoir funds in binance if you dont mind. But the truth is that leaving such huge amount of funds in exchanges is very risky as they hold full control of your funds Not your keys not your funds. So you should be ready to bear the risk if anything should happen.

Living your coins in the exchange market is a big risk, which I will never allow my brother or sister to do such a thing, because anything can happen that will make you to loss all your BTC in the exchange you have stored BTC because it is very easy for strangers to have access to your coins without your notice.

Saving $200 every month to BTC is a big sacrifice, that will earn a good results in the future, if the person can use the most secure wallet to store the BTC and hodl for a long period of time before supply to the market to accumulate profits .

I guess electrum wallet, is the best wallet you can confidently store your BTC without worry of scammers because it is very difficult for scammers to break through to remove your coins like the way they use to have access to people coin in the exchanges.

[bSpend]

*Snip

If you must buy from centralized exchanges, then I think the idea you've proposed is fine, but however, it's risky to leave your funds on a centralized exchange for a long, if you are buying $200 worth of bitcoin every month, that means that it will take 5 months before you are able to own $1000 worth of bitcoins so you withdraw them to your private wallet, 5 months is a long time to leave your money on the exchange as things can go wrong at any given time.

On that note, I think a better option would be to go the way of p2p, it will cost you a little more since the seller may want you to bear the transaction fees, but this route is safer since he or she will be sending directly to your private wallet.
And also, with p2p, you have to look for some one that is trusted, someone that doesn't run away after receiving money from you.