Recurring Investment Fees - An Exchange Experiment Image Source https://www.savingadvice.com/articles/2021/06/14/1083731_recurring-investment-strategies.html I have been writing a lot about how I plan on doing recurring investments with the start of my new job. Now looking at the situation practically, one thing that I am concerned about is how much I will have to end up paying in fees if I continually reinvest. Of course there are a ton of different options, but today I'm just going to take a look at the apps that I have on my phone and see what everything would cost. For this, I will be checking to see what the cost to buy $200 of Bitcoin with a linked debit card would be and see what the fees would add up to after doing this for a year. Coinbase When buying $200 of BTC on Coinbase, I would have to pay $2.99 in fees. This would equate to $155.48 of fees after a year. Uphold When buying $200 of BTC on Uphold, I would have to pay a 3.99% card fee, which would be $7.98. This would equate to $414.96 of fees after a year. CashApp When buying $200 of BTC on CashApp, I would have to pay $4 in fees. This would equate to $208 in fees after a year. Strike When buying $200 of BTC on Strike, I would have to pay $0 in fees... This would equate to $0 in fees after a year... A clear option at this point. Trustwallet When buying $200 of BTC on Trustwallet, I would have to pay $2.43 in fees. This would equate to $126.36 in fees after a year. Crypto.com When buying $200 of BTC on Crypto.com I would have to pay a 2.99% card fee, or $5.80. This would equate to $301.60 of fees after a year. Well from this experiment, I will clearly be using Strike for my recurring investments. Unless anyone has another option to get fee free BTC, I will likely be doing my business with them! Hope you found this interesting! I sure did. Come talk basketball on web 3.0](dunksocial.io) Come talk comedy on PeakD community - Com3dy Central https://peakd.com/c/hive-127651/created **Links and Connections:** Join me on Splinterlands exploring blockchain gaming Get paid for your search results with Presearch Follow me on Twitter/Instagram: @ Rob_Minnick23 Hive: @ rob23 NEW TRIBE: @dunksocial Join me on Torum Check out Cake DeFi for staking rewards Bitcoin Cash Apps: @ rob23 Join me on Publish0x to talk crypto https://splinterlands.com/?ref=rob23hive https://presearch.org/signup?rid=1992127 https://peakd.com/@dunksocial https://www.torum.com/signup?referral_code=robminnick23 https://pool.cakedefi.com/#?ref=187314 https://www.publish0x.com/?a=M7e587xqd2 **Who I am:** My name is Rob and I am a prospective law student with interests in cryptocurrency and blockchain. I have enjoyed my time thus far engaging with Web 3.0 and am looking to continue learning more and sharing what I learn through my experience
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Some useful info there, thank you, I will check out 'Strike' for sure!