▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
SIP in Cryptos with ₹100
Crypto SIP is a disciplined approach to investing in cryptocurrencies on a regular basis, whether it’s weekly, monthly, or quarterly.
Benefits:
1. Low minimum investment.
2. Investors have the flexibility to choose the frequency of their investments like weekly, monthly, quarterly.
3. Rupee-Cost Averaging
4. Diversification
5. Compounding
How to buy crypto?
1. Choose a Broker or Crypto Exchange: Choose from a well-known cryptocurrency exchange.
2. Create and Verify Your Account
3. Deposit Cash to Invest
4. Place Your Cryptocurrency Order
5. Select a Storage Method
**This is not a promotion of any kind. Do your research before investing**
Tax Implications:
Gains from cryptocurrency are taxable in India. Gains made from trading cryptocurrencies are taxed at a rate of 30%. The tax rate is the same for short-term and long-term gains
Risks:
1. Extreme Volatility
2. Regulatory Uncertainty
3. Security Risks
4. Limited Historical Data
5. Market Manipulation
Disclaimer: The above content has been made for educational purposes only. Please do your own research or consult a SEBI registered investment adviser before making any financial decision. Past return is not a guarantee for future return.
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▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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