Dear CoinSwitch User,
Great news! To make your crypto investment journey a lot easier, we are bringing you an effective and disciplined way to invest—the Systematic Investment Plan (SIP)!
What’s that, you ask? Only the best crypto buying tool ever! Okay, we may have gone a bit overboard with that remark, but it’s truly good. Here’s why.
SIP lets you buy a set amount of a crypto asset of your choice in exchange for INR steadily over a set period. So instead of investing a large amount at once, you can split it into smaller monthly chunks.
What’s more, it’s an effective and simple tool to create wealth consistently and mitigate risks. None of us are strangers to the fact that cryptocurrencies are high-risk assets. However, a SIP gives you a relatively safe option to accumulate crypto assets of your choice at your own pace. It also gets you a better entry price by making regular, distributed purchases of the coin/token.
And since SIP will help you commit to buying units of a crypto asset, you can implement a disciplined plan for yourself to save up for it.
Besides, SIP lets you stay invested through the highs and lows of the market and make the best of unpredictable market movements. Not having to time the markets is a relief for most of us indeed.
As a consistent, disciplined, and dependable plan, SIP is a compelling strategy for beginners and small investors. It goes easy on your cash flow, yields steady returns, and lets you sell units whenever you need the cash!
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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