Note: This is not trading advice, the following is strictly my opinion only. This is not financial or trading advice. Buying, Selling, and Trading cryptocurrencies comes with inherent risks. Always do your own due diligence.
I focus most of my time on two things: My day job, and providing my audience with the best of the best when it comes to the world of crypto.
Back in August 2021, I wrote about The Cheapest Ways to Buy Bitcoin. In this article, I covered the 4 least expensive ways to buy Bitcoin from the following companies:
Strike
Swan
Cash App
Coinbase Pro
While writing, I claimed that Strike would be the best way to buy Bitcoin if they allowed for automatic, recurring purchases (aka DCA - Dollar Cost Averaging). I hinted that once that becomes an option for Strike users, they'll be at the top of the food chain.
"Strike is destined to be a significant disrupter in the industry if they're able to add a DCA feature. - Jordan Hinsch"
Well, that moment has finally arrived, 4 months later. On December 9th, 2021, Strike launched recurring purchases.
In addition to recurring purchases, since my last article, Strike has also introduced an option for users of the general public to convert all or a portion of their paychecks into Bitcoin.
Below is a rundown of how Strike's recurring purchase program works.
Strike's Recurring Purchase Option:
No fees to buy Bitcoin
No markup on the price of Bitcoin
No fees to withdraw to cold storage
Buy as frequently as once per hour! No better way to average in on your Bitcoin purchases.
Note: You need to fund your Strike account prior to setting up recurring purchases. Link your bank account and add your funds. I suggest adding a couple week's worth of funds.
Share Strike with your friends. They get $5, you get $10. Sign up here.
Still not available in NY, sorry folks.
Here is an updated chart comparing the 4 companies. It's not event close.
Launched: 2020
Founder: Zap/Jack Mallers
Tested by author: YES
Best Feature: Ability to buy & sell with no additional fees. No fees for withdrawals. No fees for DCA!
Biggest Complaint: Not available in New York!
As always, stay tuned for updates on awesome crypto products like Strike.
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