⚡ Swapping some fiat for Bitcoin through…

yoiyok — Thu, 09 Nov 2023 08:45:29 GMT

⚡ Swapping some fiat for Bitcoin through Dollar Cost Averaging (DCA) ⚡

How's it going?
Bitcoin vibes are consistently bullish, waiting for a dip, but it keeps surging.

With a limited budget, thinking of regularly converting some fiat, like every week.

How much?
Well, whatever's left after all the essentials are sorted.

Where to do it?
Easiest on an exchange, like Luno: https://www.luno.com
For others, just hit up Google.

⚡ Vocab:
DCA = Dollar Cost Averaging, buying regularly at scheduled intervals
Exchange = a place for buying and selling Bitcoin
CEX = Centralized Exchange, requires KYC
KYC = Know Your Customer, usually involves ID verification and a selfie
Fiat Money = Trust-based money, like dollars

#studybitcoin #bitcoin #exchange #dca