Does the deposit guarantee scheme (DGS) apply to saving in bitcoin?

No, the deposit guarantee scheme (DGS) does not apply to saving in bitcoin. This is because saving in bitcoin is different from saving in euros at a bank, where deposits are insured up to €100,000. Saving in bitcoin carries risks, particularly due to bitcoin's high volatility. With Bitonic Savings, you can easily set up automatic savings in bitcoin without making impulsive decisions or the stress of timing the market. This strategy, also known as dollar cost averaging (DCA), involves spreading out your bitcoin purchases over an extended period to reduce the impact of volatility and achieve an average purchase price. However, this does not mean that the bitcoin you save is guaranteed to be secure. Please be aware of the risks and read more in our risk disclosure.