Get a hardware wallet, now you may think that it may be a waste of money to pay for something that you could get for free, and in a way you may have a point, as if you know how to secure your coins and the device in which they are stored, you do not really need to buy a hardware wallet, however since you are a newbie and you are still in your learning phase, the best you can do is to buy a hardware wallet so you can easily secure your coins and they are safe from hackers and scammers.
Although I understand your point, I don't think a hardware wallet is necessary in the OP's case. It's still extremely early; the OP just purchased his first Bitcoin, worth $110; the Electrum wallet will work just fine in this case and probably in most cases if you're careful enough and avoid downloading torrents or anything suspicious. I see that the OP has purchased through Binance, which is also fine for smaller amounts or for short periods; after all, it's the largest exchange of all; no need to get paranoid.
Anyway, congratulations, OP, for entering the Bitcoin scene. Keep DCA-ing, and you should be fine if you're budgeting correctly. My advice is to keep purchasing Bitcoin and transfer them to Electrum for every few purchases.
