ZebPay launches mutual fund-like SIP facility in Bitcoin and Ethereum

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ZebPay launches mutual fund-like SIP facility in Bitcoin and Ethereum

High prices for top cryptocurrency like Bitcoin and Ethereum can deter many investors. Crypto exchange ZebPay will launch an SIP facility that all

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High prices for top cryptocurrency like Bitcoin and Ethereum can deter many investors. Crypto exchange ZebPay will launch an SIP facility that allows investments as low at Rs 100

Today ZebPay launched ZEBB an app that will allow users to use simple SIP options for Bitcoin and Ether. According to the company, the goal is to lower barriers of entry.

Automate your SIP investing with ZEBB. Sign up and complete the KYC to start buying Bitcoins or Ether.

“At ZebPay we have always encouraged investors dollar- or rupee-cost average. ZEBB makes it simple and easy for investors to do this. Avinash Shekhar (Co-Chief Executive Officer at ZebPay) said that Bitcoin and Ethereum are both revolutionary technologies with great growth potential. SIP, on the other hand, is well-known as one of the most efficient models for wealth creation, allowing users to invest at the highest possible average buy price.

He said that if an investor bought Rs 100 worth Bitcoin each week over the past year, it would have amounted to around 72 percent of their total investment of Rs 5.200.

Bitcoin is the most popular cryptocurrency, with a market cap of over a trillion dollars. Ethereum is the second most popular cryptocurrency, with a market capitalization exceeding $43 billion.

Both Ether and Bitcoin prices can fluctuate depending on market demand. According to the company, rupee cost average is the best method to obtain an average price for these assets.