In this video I go through how to get recurring deposits on the Gemini cryptocurrency exchange. Gemini’s crypto exchange (and their API) are currently the best way to buy Bitcoin and other cryptocurrency in 2021. Gemini is highly regulated so it is safe from a regulatory perspective, they have the lowest fees of any exchange, and their API makes depositing, buying and withdrawing to cold storage 100% automated.
In this video we go over the final piece of the puzzle: how to automate your deposits into Gemini. We go through how to make a recurring buy of GUSD, what the problems are with GUSD, how to trade GUSD for USD and how to automate your system so you’ll automatically be sending money from your bank account directly into cold storage.
📓Link to Notion page for Gemini code: https://www.notion.so/rhettre/Gemini-API-Functions-for-AWS-abe92c33a13b4be19d232d5c91edfccf
♊️ Sign Up for Gemini (the only exchange I use to buy Bitcoin) and get $10 of BTC when you Trade $100: https://gemini.com/share/ZVG91T
🦢 If API was too complicated but you still want to DCA and lower fees than Coinbase and get $10 of free Bitcoin: https://swanbitcoin.com/rhettre
🧙♂️ How to create layer.zip from scratch (if you don’t trust mine): https://dev.to/mmascioni/using-external-python-packages-with-aws-lambda-layers-526o
🕦 Popular Cron Timings (built using https://crontab.guru/):
Everyday at 4:20 UTC | 20 4 * * ? *
Once a week on Sunday at 4:20 UTC | 20 4 ? * SUN *
The 15th and 30th of Each Month at 4:20 UTC| 20 4 15,30 * ? *
The 15th of Each Month at 4:20 UTC | 20 4 15 * ? *
⚙️ Learn more about AWS Cron Timings: https://docs.aws.amazon.com/AmazonCloudWatch/latest/events/ScheduledEvents.html
Intro 0:00
Setting Up Recurring Deposits 0:53
The Problem with GUSD 2:34
Downloading Layer.zip 4:13
Setting Up The Lambda Function 5:02
Making Gemini API Keys 7:01
Convert GUSD to USD 8:26
Script Explanation 10:08
How to Automate your Script 11:05
Why Gemini is the Best Exchange 12:27