Here's an effective trick for DCAing that I discovered, and upon exploration although briefly, this technique I am about to divulge, turned out to be more helpful and safe than purchasing fractions of BTC from an exchange on a regular basis.
The technique is to employ the use of either an old or a new bank account without debit cards or alert notification or bank apps or USSD code options for countries who use it, and in which the withdrawal option demands physical presence in the bank.
After a while of saving up these funds in the bank, one can then go there to withdraw it over the counter maybe quarterly and then use it to buy BTC directly from any good exchange after which it can be sent to a cold wallet for hodling and continuation of the DCA strategy until the expected duration is complete.
Mind you, this technique would be more effective where it is kept a secret from partners or close friends and associates.
* Have you discovered any better ways to DCA your BTC for long term? If 'yes', please share and if 'no', do you think my technique is worth a shot when considering a long term DCA plan?
* Are there any pitfalls that you notice and that may cause problems for one when they try out this technique of DCAing?
My question is I go to my bank and pull 2000 usd out what btc exchange takes cash?
In the USA you would never want to do your idea.
The best way to DCA in the USA is open a PayPal account. then in the pay pal account open a bank account. The PayPal usa insured account pays 3.8%
So say you have 12000 in the PayPal bank account section set up an auto btc buy. say 250 a week in 48weeks it is almost all btc. only some interests is left.
then get a cold wallet and move 1/2 the btc in it.
then get 2 more cold wallets and move 1/4 and 1/4 in it.
Hodl the 3 cold wallets.
set up a new dca with PayPal 12,000 in 250 a week.
do this for 5 years in a row. all that btc is fully traceable and can be proven that you purchased it from PayPal. zero issues cashing it out.
