Back to Career News

CoinSwitch rolls out recurring buy plan

February 28, 2022

CoinSwitch rolls out recurring buy plan
CoinSwitch has rolled out a recurring buy plan in order to simply investments in digital assets, making them systematic and disciplined at the same time.

As per the mission to make money equal for all, CoinSwitch has launched a recurring buy plan, a systematic way to buy crypto assets in India, CoinSwtich Kuber said in a press release. The new facility will enable users to beat market volatility and avoid making impulsive buying or selling decisions. 
 
The launch of the new plan came just a few after Union Finance Minister Nirmala Sitharaman presented the budget 2022-23, in which she announced a 30% tax on the transfer of virtual digital assets. 
 
CoinSwitch’s new initiative will let its users keep aside a fixed sum to buy crypto assets each month over a long period of time. This would benefit them by letting them focus on the long-term strategy rather than timing the market. 
 
₹2.5 lakh per order is the upper limit for buy orders on the crypto trading platform. Under this new plan, traders can buy single or multiple cryptos which are quite similar to making a SIP in crypto assets. The feature is currently available to Android users and will soon be available on iOS, CoinSwitch Kuber said. Moreover, the organization has asked users to visit their website to know more about the plan.

Recommended for you ...

Banks increase interest rates on bulk deposits as liquidity tightens
Banks increase interest rates on bulk deposits as liquidity tightens

September 30, 2022

RBI hikes repo rate by 50 bps as inflation battle continues
RBI hikes repo rate by 50 bps as inflation battle continues

September 30, 2022

Rupee Volatility drives currency volumes on NSE
Rupee Volatility drives currency volumes on NSE

September 30, 2022

Chat on WhatsApp