Automated transfer from Bank to crypto exchange.

[SuperBitMan]

E get some people way dey fine am hard to continue there DCA strategy for Bitcoin accumulation because when they receive there salary to get mind to transfer an out so them fit use am buy Bitcoin na wahala, them go dey say I go do am, I go do am, till the money finish for there hand.
So na why automated DCA dey good because e go help you comot some percentage of your salary to your wallet exchange directly, from there you buy your Bitcoin.

But for our country here, to automatically move money from your Nigeria bank to crypto exchange dey very complicated due to restrictions way CBN put for ground, as of 2021 CBN prohibited banks from facilitating crypto-related transactions, which limits direct bank-to-exchange transfers.

Watin you no fit do for Nigeria.

You no fit directly link your bank account for example your UBA bank account or Access to cryptocurrency exchange like Binance or Coinbase because of CBN regulations.


Things you fit do way go help you since automatic transfer no fit work directly with our bank to crypto exchange.

1. Use P2P (Peer-to-Peer) Exchanges with Scheduled Reminders.
E get some exchange way dey allow person buy crypto coin from another person using Nigeria bank transfer, exchange like Bybit, bitget etc.
So since you no fit automate the transfer you fit just set up schedule reminder for example Google calendar or task schedule way go remind you to login to manually complete the P2P trading weekly or monthly.

2. Use a Fintech App That Supports Automation & Crypto.
Some fintech platforms for Nigeria dey allow person to save or invest automatically for example Cowrywise, PiggyVest, Risevest, etc.
So if you dey use this Fintech app as soon as money or your salary enter some percentage way you put go move to that Fintech app so later now you fit from there buy your Bitcoin.

Example:
 Cowrywise autosaves ₦10,000 from your UBA account weekly or monthly.
You later use part of your balance to buy Bitcoin manually.

3. Use Non-Nigerian Bank Account.
If you get foreign bank account way they support crypto for example Revolut, wise etc, you fit use am set up automatic transfer from your foreign bank account to your exchange then from there buy your Bitcoin and hold.

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3. Use Non-Nigerian Bank Account.
If you get foreign bank account way they support crypto for example Revolut, wise etc, you fit use am set up automatic transfer from your foreign bank account to your exchange then from there buy your Bitcoin and hold.

But don't you think the fees for using a foreign account for auto saving while you receives your salary in Naira won't be quite expensive? Because I think this should be a better alternatives for people who receives salary in foreign currencies like dollar or pounds, and not for people whose salary are paid in Naira. Because judging from the fees of the popular dollar accounts I used, which is Cardify and Grey, it charges a fee of $1.2 to $1.5 per each deposit. Which is quite expensive if you are to used an exchange p2p. Hence, I consider setting a reminder to be a perfect and best option among the 3 listed above.