STRATEGY - Crypto as a University student!

Hi everyone! I hope I can help some fellow students today who want to DCA but, as me, is usually tight with cash. I live in the UK, so this will relete more there than anywhere else (in terms of student loans and payments).

• DCA as a student: £50 (around $70) is a lot of cash to deposit for us every week, even every fortnight. I personally use a bank called Revolut - very crypto friendly in terms of payments to exchanges and even has a crypto “exchange” included, but fees are astronomical. The reason I use this bank is due to their Vault system. I can round-up transactions every payment (for example, if I pay £1.20 for a Coke, it rounds-up £0.80 to a Vault). Doing this, I can average around £40 per month to deposit and DCA. Anothe option can be a bank like Monzo, but I had issues with them and exchange platforms. I DCA on the 1st of each month, as I can deposit thise round-ups with whatever extra I have left from my part-time job salary.

• Making your money work for you: now, this topic is sensitive as hell. I in no terms want to shill any coin or token at all, but regarding how soon we are on the crypto world… I choose to buy coins on PoS (Proof of Stake). I earn interest = free money. There are great projects out there that allow PoS; like Algorand, Tezos, Solana, Ethereum (no withdrawals though), Polkadot, Cosmos… do your research! Again, very sensitive topic as each one loves a crypto for whatever reason, but this is a good way to not bother a lot about the price as you somehow enter a mental state of “well I am minimising damages”.

• Exchanges to use: I have been using my crypto.com card as my main card for ages now to earn rewards. You can do the same with coinbase and binance, but I just don’t like high fees or being a customer of an exchange that is on the news every week for not the best reasons… personal preference, but the card is cool ????

• Serious talk now: student debt = something you will always carry around without knowing you are carrying it around. In the UK, inevitable: one year of university round the £9000 figure (around $12000) and we all claim maintenance loan - an extra payment to our bank accounts to basically survive. I think the main startegy to follow is to be RESPONSIBLE. Pay rent in advance if you wish or set the money aside with the bills and don’t use your loan as a mean to buy the new iPhone. Also, don’t use overdraft to buy crypto! The crypto council will back me up when I say “only invest what you can afford”.

I have been investing like this for more than a year now. It does work: as of today, I am a proud owner of 1 ETH and a bunch of XTZ and SOL! I take owning BTC for granted.

Bottom line is: patience and responsibility. You can invest as a student.

I never saved so much money as I have, and I never had such a strong mindset on savings, interest and investing as of today; and that’s thanks to crypto! It took me a lot of time, but I’m finally there.

• Extra: social life. Yes, going out is expensive and we love it. I never had to cut down doing things I liked to save money, I just planned it accordingly. This takes us back to the round-ups though, you will be saving to invest as you go :)

Hopefully this is helpful! I am not sure of how others will feel about this or if it is absolutely useless, but this has helped me wonders and I needed to share it out. Any comments are welcome!! :D