Start Crypto SIP with Just ₹100 💰 – Easy Step-by-Step Guide

Discover how to invest in cryptocurrencies regularly with just ₹100 using SIP. Learn simple tips to build your crypto portfolio steadily and securely.

Start Crypto SIP with Just ₹100 💰 – Easy Step-by-Step Guide
Prof. Vinny Arora
266.4K views • Aug 7, 2024
Start Crypto SIP with Just ₹100 💰 – Easy Step-by-Step Guide

About this video

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.
moneyvsme, cryptocurrency, bitcoin, investment, how to invest in bitcoin, Shiba Inu, Dogecoin, SIPJ

Video Information

Views

266.4K

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Duration

0:42

Published

Aug 7, 2024

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