I DCA every month. 

On every payday, I will transfer a fixed amount of fiat by local bank transfer to purchase crypto. The local bank transfer on-ramp incurs the lowest cost. Unfortunately, this can only be done through a particular exchange service in my country and that exchange has a very limited choice of tokens (let's call it ABC exchange!).  It cannot be used as a trading account as a result.

I used to buy LTC with fiat and then send it over to another exchange that has more choice of tokens (and that will be Kucoin) for further deployment. In Kucoin, I have to change the newly purchased LTC back to USDT so that I can exchange for other tokens for DCA for the month. 

That, to me, does not seem like a smooth way to transact. It does involve some unnecessary steps as I am also trying to transfer my stash of BTC from my Kucoin to my cold wallet eventually. Yes, my stash of BTC is in Kucoin and I have been wanting to move it to my cold wallet. But I need to do it in a big batch so that I can save on transaction fees.  

With that intention in mind, I am doing something different this month as I am also trying to spend my fiat equivalent slowly to buy cheaper cryptos at a good time over the month to maximize the overall value ([to in effect get a small pay rise](https://leofinance.io/@cryptothesis/get-your-pay-raise-in-crypto-by-buying-cheaper-crypto-than-the-price-on-the-payday)). 

Quite simply, what I did was to buy BTC with fresh fiat in the ABC exchange, and immediately sell the same amount of BTC in my Kucoin account to USDT. This way I have the fresh USDT in Kucoin for my DCA purchases at an opportune time later. I also save the trouble of sending LTC to my Kucoin account.

After a few more rounds of monthly funds injection, I can start sending my BTC from the ABC exchange to my cold wallet permanently.

I don't know others deal with DCA in practical terms. I would love to hear from you if you have other ideas of managing DCAs.  

![](https://images.unsplash.com/photo-1566583482028-9c769085380b?ixlib=rb-1.2.1&ixid=MnwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8&auto=format&fit=crop&w=1674&q=80)

[Image Source](https://unsplash.com/photos/F1Z99Ht8i0k)
 



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptothesis/dca-moment-a-practical-tip-to-share)