Instead of any kind of uncertainty around the crypto currency in India. Recently there are not any such regulations and ban on their use. There are various crypto exchanges that have launched the SIP or Systematic Investment Plans. It is for the purpose of buying the crypto assets. Just similar to the SIPs in the mutual funds, the investors may also invest periodically for buying various crypto assets. Even latest platform for crypto investing for launching of SIP feature is also a perfect combination.
How is SIP in crypto helpful?
Using the SIPs, investors may also spread out the invested capital rather than making some kind of lump sum purchase. This definitely helps to reduce the risk on the investment.
It is said that they also have been for quite long time. It is also believed in power of the long-term investment. They come as absolutely no surprise that the SIPs are a requested feature. With such kind of release of feature, we truly hope that the users will simply maximize the wealth creation. It is for long-term in the new as well as quickly growing asset class such as crypto.
Other kind of the crypto platform has also introduced the SIP feature previous month with the options of investment that are starting from the amount 100. Other platforms also have introduced the SIP kind of the recurring plan to buy for feature for their investors.
There are many Indians continue for diversifying the investment portfolio through crypto. The platform has the recurring plan that will also permit the long-term investors for the purpose of investment systematically. It also avoids impulse to time entire market and also to make the decisions of emotional trading.
However, the investors must even remember that government has also proposed the 30% tax related to crypto income. This means that they are also withdrawing money, they would get tax for 30% irrespective of entire amount.
