Crypto Conversion Simplified : GMT-INR

How to invest in STEPN (GMT) on CoinSwitch?

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Once you’ve set up your account, here are some steps to follow if you are looking to buy STEPN (GMT) via CoinSwitch.

• Log in to the CoinSwitch app or portal using biometric authentication or your personalized pin code.
• Locate the search button on the top right-hand corner of the home screen and type in “STEPN (GMT).”
• After you select the coin, click on the Buy button placed at the bottom left of your screen.
• Choose your order type from the options available: Instant, Limit, or Systematic Investment Plan.
• Enter the Indian National Rupee (INR) amount you want to invest in STEPN (GMT).
• Preview your order and click Buy.

Make sure you have enough funds in your CoinSwitch wallet for the transaction to go through. Soon after, you will receive an order confirmation. Depending on the order type, your investment will be recorded in the relevant section of your portfolio on the app. To find the Portfolio section, look at the bottom ribbon.

Order types on CoinSwitch

Before we proceed, here is a quick word on the different types of orders on offer on CoinSwitch, and how to place them.

• Instant: Instant orders get fulfilled immediately, provided there’s enough liquidity. When you select an instant order, enter the INR amount you want to invest. The conversion rate in relation to the crypto you have chosen is shown based on the market price at that moment. You can find your investment proof in the Portfolio section on the app after a short while.
  
• Limit: The limit order option is useful when you want to buy crypto at a specific price. With these orders, you don’t want to wait for the price to hit your target. Once placed, limit orders take care of themselves and get executed in the background on their own. Users can also choose whether they want to receive a notification when this happens. All investments show up in the app’s Portfolio section after a short while.
• Systematic Investment Plan (SIP): SIPs are great investment tools for cost averaging your investments and HODLing. In other words, they are a good option when you want to make a long-term investment. While buying an SIP, you simply select the amount you want to invest every month and click confirm. Then, all you need to do is ensure that you have enough funds in your account to fulfill these orders each month. Once you’ve given the instruction, the app will periodically deduct the money from your wallet on its own.