CoinSwitch, India’s largest crypto exchange platform has recently made the Recurring Buy Plan (RBP), a form of SIP, available to users as part of its mission to make money equal for all—in addition to its pre-existing features of course.RBPs SimplifiedBuying cryptos impulsively is tough work. Reading indicators and taking calls as per technicals isn't easy either. RBPs, however, are simpler to understand and even easier to execute.
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You can earn interest like bank savings account on your Bitcoin wallet
View Details »With RBPs, similarly, you can allocate a certain amount for the purchase of some units of a crypto asset at a given price whenever it becomes available in the market. This allows you to allocate your capital uniformly and get a better average price over a longer period of time. For beginners and small investors, RBP is an excellent crypto buying strategy. Instead of investing a large amount at once, you can put in small amounts every month over a long period. And there is no need to time the markets. As crypto assets are inherently volatile, investing through a recurring plan is a better option. With RBPs, traders can stay invested through the highs and lows, and make the best buys even with unpredictable market movements.Advantages of RBPs:Wider accessThe RBP can be used by both big as well as small-scale investors. In this sense, it is accessible to more people. If you only have a limited amount of money to invest, they are a great option to consider. You won't have to pay a large sum of money all at once because the allocation is phased. Instead, you can set up monthly RBPs with as little as ₹100 in the crypto asset of your choice.Reduces risks RBPs can be a hedge against crypto
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