Exchanges allowing fixed monthly investment in BItcoin

[doomloop]

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

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.

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[tabas]

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.

[EmpoEX]

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

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.

[rat03gopoh]

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?

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.

[sunsilk]

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.

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.

[Faisal2202]

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.

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.

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.

That also comes under the category of paper wallet,

A paper wallet is a printed piece of paper containing keys and QR codes used to facilitate your cryptocurrency transactions.

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.