SIP (Systematic Investment Plan) in mutual fund plans is very common in India. You may already be familiar with the SIP and mutual funds. You may have seen many TV commercials which promote Mutual Funds.
Basically, SIP is a Systematic Investment Plan in mutual funds where you invest some amount after some interval of time to get good returns and save money. Now cryptocurrency exchange Zebpay has launched its ZEBB app to provide a SIP facility to its users in India. The customers can invest in Bitcoin and Ethereum SIP as low as ₹ 100.
Zebpay has said in its announcement, “Bitcoin and Ethereum prices can see large fluctuations depending on the demand and supply in the market, therefore, rupee cost averaging is the best way to get an average price on these assets”.
ZEBB app also facilitates its users to automate their SIP on a regularly recurring schedule, such as weekly or monthly. ZEBB provides 0 buying fees on its SIP.
To start SIP in Bitcoin and Ethereum on the ZEBB app users need to sign up and complete the basic KYC process. The Android and iOS app of ZEBB is available at Playstore and App Store.
“At ZebPay, we have always encouraged investors to dollar or rupee cost average. SIP is known as one of the most efficient models of wealth creation, helping users to invest in the best possible average buy price. If, for instance, an investor had bought ₹ 100 Bitcoin every week in the past year, they would have gained around 72% on their total investment of Rs 5,200,” says Avinash Shekhar, Co-Chief Executive Officer, ZebPay.
As you know Bitcoin and Ethereum are revolutionary technologies and are growing rapidly. Bitcoin is the First and largest Cryptocurrency whereas Ethereum is the second-largest Cryptocurrency in the world. You should invest some amount in these SIP’s to gain huge profit in the future.
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