Inside CoinSwitch
7 Feb 2022

What is Recurring Buy Plan (RBP) and How to use it?

Mrudula M

This is it? This is your present and future? Hustling through the week, waiting eagerly for the weekend, watching it disappear in a blink? Surely life can’t all be about earning to pay bills and EMIs just to survive? 

This realization is hitting more and more young Indians every day. They simply do not want to spend the rest of their lives slogging away. They want early retirement, no more waiting for paychecks that get gutted by EMIs and expenses. They are smart with their money and know better than to fix it in deposits. And we make it possible, not just a fantasy. CoinSwitch aims to fuel and fulfill their dream of financial independence, of moving from being rich to being wealthy. 

CoinSwitch has 15 million users who count on it to make crypto assets a viable option for them. As a customer-first company, we’re always coming up with ways to help you invest better in crypto. This is precisely why we’re introducing the Recurring Buy Plan on CoinSwitch! 

What is Recurring Buy Plan (RBP)?

The RBP or Recurring Buy Plan is an investment tool that lets you invest a set amount of money every month over a long period. It is a simple way to create wealth and mitigate the risk associated with crypto assets by giving you a better entry price and distributing your purchases of the coin/ token.

How Does RBP Work?

RBP will enable you to buy units of a cryptocurrency on a given date each month. You decide your savings plan. 

Perhaps the best thing about RBP is that you don’t need to time the markets. As crypto assets are inherently volatile, investing through an RBP is a better option than timing the markets. You stay invested through the highs and lows of the market, and make the best of unpredictable market movements.

Beginners and long-term investors can look at investing in RBP to avoid market volatility and impulsive decisions. 

It’s consistent, disciplined, and dependable!

Instead of investing a large amount at once, you can put in small amounts every month over a long period.

Advantages of RBP

RBP is a great investment strategy for beginners and small investors. It goes easy on your cash flow, yields steady returns, and lets you sell units when you need cash. 

Some major advantages of RBP are:

1. It’s light on your pocket, as you invest in small amounts each month.

2. Gives you a steady, disciplined approach to creating wealth.

3. Saved the best for last—No need to time the market.

There it is. If you’ve been wanting to invest in crypto assets but you don’t know how much to start with, or you’re worried about the volatility of the crypto market, the Recurring Buy Plan is your best friend.

What’s more? Only 10,000 users get exclusive early access to RBP, have feedback sessions with our team, and unlock exclusive rewards. Waiting ain’t all that bad. Click here to join the queue to our Recurring Buy Plan.

RBP lets you start small while you find your grounding in the crypto world. Honestly, giant leaps are so glorified that we often forget how underrated baby steps are!

How to Start an RBP on CoinSwitch

Like everything else on the CoinSwitch app, starting an RBP is also easy-peasy! A few taps and you’re all set.

  1. Open the CoinSwitch app and go to the Market section.
  2. Tap on the coin in which you would like to park your money and watch it grow.
  3. This will take you to the Asset Page of the coin. Scroll down and tap on “Start <coin> RBP”
  4. On the coin Buy Page, select the “Monthly RBP” option
  5. Enter the amount you would like to invest every month & select the date on which you would like the investment to be made every month in the “RBP Repeats on” section
  6. Tap “Preview RBP” and double-check the details
  7. Then tap on “Buy RBP”. Your RBP is now active! 

There it is. If you’ve been wanting to invest in cryptocurrency but you don’t know how much to start with, or you’re worried about the volatility of the crypto market, the RBP is your best friend. 

RBP lets you start small while you get to know the crypto world and reap steady returns. 

Honestly, giant leaps are so glorified that we often forget how underrated baby steps are! 

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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Mrudula M

Content Writer

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