Some exchanges allow the setting up of automatic DCAing. You can choose an amount and a frequency, perhaps daily, weekly or some other inverval - exchanges will vary in t how an automated DCA could be set up and part of the reason that I don't like them is that they usually cannot be set up for a very specific time, but instead at the the most daily, so the exchange will likely batch all of the DCA's at the same time and might even play shenanigans with the DCAs, though maybe some of the exchanges have improved their systems. If you are going to use an exchange to automatically DCA, I would look into how they describe their way of executing the automatic DCAs.
Manual DCA is that you do your own buy, and surely you can even set your buy up as a market taker limited order rather than having your order be a market maker. Market takers have lower fees than market makers, and of course, people are going to have differing rates and differing options depending on their geographical location and which exchanges are available to them.
Regarding your statement: "it really picks my interest." I am pretty sure you meant to say: "it really piques my interest
Thanks for the clarification sir JayJuanGee and the correction also . We literally learn each day , well I think I will continue with my manual DCAing for now , but I will still like to know more about the automatic DCAing and how it works, so that I can also teach it to others . Because in this space if one want to improve themselves he or she have to learn each day . And especially when it comes to bitcoin is always fun to learn things related to it .
Well I'm going to also do my own research concerning automatic DCAing, to get a clearer picture and to understand it more better once again thanks for the brief explanation concerning it .
In my opinion, if you apply DCA through the exchange, of course you can set the time for each stage of the purchase. But so far I have been more practical by doing it manually or with my planning without going through the exchange. So there is no significant difference between doing it manually or through the exchange, especially for now, don't trust the third party for your assets, so I prefer to do it manually where I buy on the exchange and withdraw to a personal wallet.
Well, one more thing, it seems that if you are interested in automatic DCA, you must first deposit money into the exchange and at the purchase maturity, your balance will be automatically deducted. That's a little bit of what I know and if you want to dig up more information, you can read the rules imposed by the exchange where you want to do automatic DCA.
Apart from that, it all comes back to the comfort of the investment you are making because if so far you are more comfortable with manual DCA, then just continue.
Binance has lost a lot of its banking relations, yet if the exchange has a banking relationship with your bank, then you would ONLY have to make sure that you have a sufficient amount of money in your linked bank account, since the DCA would come from that linked bank account... but yeah, otherwise you would be correct that you would have to have enough of the asset/currency that you are trading from to the asset that you are trading to (presumably bitcoin) in order for the automatic DCA to execute within your requested parameters.