Keeping your Bitcoin in an exchange is really an unwise thing to do because if anything happens to that exchange in question, like hacking or internal theft, or like in the case of FTX, just know that you asset is gone, that's why it's advice to store your Bitcoin in a self custodian wallet like electrum where only you have access to, and one funny thing is that, most investors have heard of this statement before which is not your key, Not your coin, but they really don't understand what that statement mean, but in essence of all am trying to say is that keeping our Bitcoin in an exchange is a terrible mistake we should avoid by all means because once that exchange goes down, at that moment, your asset are gone.
So if Bitcoin.com97 was saying that every week he was going to be buying $10 worth of bitcoin, then how frequently are you suggesting that he withdraws his bitcoin from the exchange? Every week? month? quarter? twice a year? yearly? or something else?
If Bitcoin.com97 sticks to $10 per week, then monthly withdrawals would be $40 to $50 each time. Quarterly would be around $130. Twice a year would be $260. Yearly would be $520.
What levels of withdrawal are you recommending Futurexxx?
In my own opinion, it should be done at the earliest opportunity, but the major problem here is the amount involved, because $10 is too small to be doing that weekly because the fees alone will be reducing the fraction of the Satoshi bought.
So on that note, due to the amount involved, I think that the logical thing to do is to do it in his second acquisition, which is $20, wish might cost him only $0.50 in fees.
Just like JayJuanGee said , is better to have certain amount as your threshold, you can choose to start with $200 but $500 would have been nicer , but the thing is that it you are the type is accumulating $10 weekly , is better to store it first on your exchange ( a good exchange with good reputation) because you be storing some values there (bitcoin) for a while before transferring it to your private wallet.
I know some folks will be like $200 or $500 will take much time for someone accumulating with $10, but let be frank that folks won’t be stagnant for that long with $10 is gonna find means to increase his accumulation money because no one want to be left behind . The reason why some folks usually start with small money is because they don’t have much to spend but as time if they start accumulation, they will know how to tackle things .
While some is because they still have doubt they are not taken their accumulation serious bitcoin as shows countless sign of it being one of the best investments so far , and some folks are still at there doubting , take action now build you bitcoin stash , as you are accumulating find means of keeping your asset secure and safe.