Contemplating switching my DCA platform from Strike to SwanBitcoin . Anyone have any input on this ? Maybe I leave my daily reoccurring on strike and set a weekly on swan since you can’t have multiple reoccurring on Strike . I wanted a $10 daily and a $100 weekly
Discussion
I do hourly on Strike and daily on Swan. Would cancel Swan before Strike.
Withdrawals from Swan are a pain in the ass relative to Strike.
Interesting, you would think Cory and Swan would have withdrawal be pretty seamless considering how much they promote self custody . Withdrawing from Strike is pretty easy
Swan is a thin UI and marketing layer built on top of Prime Trust. Withdrawals go through Prime Trust in a multi step process.
Plus, they hold your deposits for as long as 30 days depending on your monthly deposit volume and how you deposit.
Cory claims they are working on building their own backend, but so far it’s still running on Prime Trust.
Strike is a pleasure to use compared to Swan.
https://help.swanbitcoin.com/hc/en-us/sections/360008721293-Bitcoin-Withdrawals
You ever use River ? Someone recommended River to me over Strike and Swan
I haven’t tried River yet. But I was just thinking that I should switch from Swan to River given how annoying I find Swan.
River doesn’t depend on a 3rd party custodian and handles everything as far as I understand. They just aren’t as loud with their marketing.
I like River. They’ve had Lightning deposit/withdrawal for years
Just paused Swan and setup River. Already liking it.
River seemed really great in a lot of ways. Definitely share your experiences.
This is worth reading/watching for anyone that wants a closer look at their strategy:
River is great
I think I understand the appeal of having a regular automated DCA (I don’t want to assume too much though) - it is convenient. But would you be willing to take some time every week and do a Bisq or Robosats purchase? I enjoy my weekly KYC-free sat stacking with a cup of coffee.
I’m not familiar with these terms but am curious about what your talking about . Automated DCA is nice because I just want to buy small BTC amounts consistently and not have to remember to do it ever day/week . If I could time the bottom and chunk everything I would but I don’t pretend I have any idea what the bottom will be so I just buy everyday
I see! 🤙 Bisq and Robosats (& Peach Bitcoin) are services that let you buy peer-to-peer from other Bitcoiners. Lots of people are willing to sell (probably people who have been around for a few cycles or need fiat for bills, etc).
I’m not trying to time the bottoms either. And I feel like in the long run, buying $1 every day vs buying $7 every week will all even out.
There are many privacy and security reasons to buy non-KYC Bitcoin. If you do, I recommend keeping it in a separate wallet.