How to DCA bitcoin privately

Want to build your bitcoin savings without compromising your privacy? Dollar Cost Averaging (DCA) with Cash Vouchers offers a unique solution that keeps your personal information private while automating your bitcoin strategy.

Not sure how dollar-cost averaging works? Our Bitcoin DCA Calculator makes it easy to visualize the concept in action.

Here's how to set up your private DCA system using Bitcoin Well's Cash Voucher feature.

What you'll need

A Bitcoin Well Lite Account (only requires email and username)
Your preferred bitcoin wallet (on-chain or Lightning)
Cash for funding your DCA strategy
Access to a Bitcoin Well ATM

The privacy-first DCA strategy

Step 1: Initial setup

1. Create a Lite Account at Bitcoin Well

Only your email and chosen username required
No ID verification needed
Add your bitcoin wallet address where you want to receive funds

2. Get Your Cash Voucher QR Code

Navigate to "Buy" in your dashboard
Select "Cash Voucher"
Save your unique QR code - it remains the same for future use

Step 2: Fund your DCA strategy

Visit a Bitcoin Well ATM with your cash and saved QR code
Select "I want Crypto" on the ATM
Choose "Bitcoin Well Portal"
Scan your Cash Voucher QR code
Insert your predetermined DCA amount

Pro tip: Consider funding multiple vouchers at once to reduce ATM visits. For example, if you plan to DCA $100 weekly for a month, you could create four $100 vouchers in one ATM visit.

Step 3: Execute your DCA strategy

With vouchers funded in your account, you can now execute your DCA strategy:

Log in weekly (or at your chosen interval)
Redeem one voucher to purchase bitcoin
Your bitcoin is automatically sent to your wallet

Understanding the Costs

ATM transaction:

4% fee when creating vouchers
Example: $100 cash = $96 voucher credit

Bitcoin purchase:

Lite Account spread: 3%
Verified Account spread: 1.2% (if you choose to upgrade)

Limits to Consider

Individual vouchers: Up to $950 each
Daily voucher creation: Up to $3,000
Daily redemption (Lite Account): Up to $3,000

Why choose this method?

1. Maximum privacy

No bank account connection required
No ID verification needed
Cash-based system keeps transactions private

2. Financial independence

Bypass traditional banking restrictions
No risk of blocked transactions
Complete control over your DCA strategy

3. Security Benefits

Non-custodial solution
Direct-to-wallet delivery
No funds held on exchanges

4. Flexibility

Customize your DCA schedule
Adjust amounts as needed
Switch between on-chain and Lightning Network

Tips for success

Plan your funding schedule: Calculate how many vouchers you'll need for your DCA strategy and fund them efficiently
Set calendar reminders: Stay consistent with your chosen DCA interval
Keep your QR code handy: Save it to your phone for easy access
Monitor market conditions: Consider adjusting your DCA amount based on market cycles

Start your private DCA journey

Taking control of your bitcoin strategy doesn't mean sacrificing your privacy. With Bitcoin Well's Cash Voucher system, you can execute a disciplined DCA strategy while maintaining your financial privacy. Ready to begin? Find your nearest Bitcoin Well ATM and start building your bitcoin savings today!

Remember, the best investment strategy is one you can stick to consistently. By removing the emotional aspect of timing the market and maintaining your privacy, you're setting yourself up for long-term success in your bitcoin journey.