⭐ Merited by JayJuanGee (1)
Good, practical advice. But newbies should immediately start "practicing" self-custody with a small amount, and actually get themselves used to sending/using their Bitcoin with small transactions. - Get them to know with what's being shilled to them. Hahaha. 
Although, users could also continuously buy the DIP/DCA, then send their coins immediately to their wallets, and consolidate those outputs regularly especially if fees are low. The fees paid will absolutely be less than losing all of your coins stored in a centralized exchange.
Thanks for this advice that sounds so practical and easy to comprehend. This does not apply to newbies but also experienced guys too because some still store their funds in centralized exchanges even till this moment. Although, users could also continuously buy the DIP/DCA, then send their coins immediately to their wallets, and consolidate those outputs regularly especially if fees are low. The fees paid will absolutely be less than losing all of your coins stored in a centralized exchange.
I have had a discussion with an old investor in Bitcoin and I was surprised to know that he still stores a large chunk of his Bitcoin in CEX rather than his private wallets even though he has one. The transaction fees is usually the first excuse they use especially those using weekly DCA.
What I have implemented is is monthly withdrawal from CEX to my private wallet even though I'm using weekly DCA combined with buying the dip... all my purchases are withdrawn to my private wallet monthly. I know this is still risky but the risk is highly minimised as not all my Bitcoin will be exposed to such risk.