Investing in mutual funds through a monthly SIP in the stock market seems pretty smart. I've seen a lot of folks making profits over time. So my question is, are there any similar funds for crypto? Are you guys putting money into them using a SIP approach? Which platforms can you find these on?
Are there crypto mutual funds similar to stock mutual funds? Who's investing?
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You can choose from these two platforms.
wazirx
https://coinmarketcap.com/currencies/wazirx/#Markets
Top Benefits of Crypto SIP To Look Out For in 2023
zebpay
https://coinmarketcap.com/exchanges/zebpay/
Crypto SIP: A Guide to Crypto Investment
Thank you, I will check it out. My fear is whether platforms continue or scams people by stopping their services.
You can do more research to erase some doubts as you can never be too sure the days. Based on their trading volume on CMC, they seem legit. WazirX BTW was founded in 2017, and an interesting fact about WazirX is that they were acquired by Binance, which adds more credibility to the exchange.
However it seems like they have encountered a big problem before as heres what you can see on their website: ( so you can skip this one if you can't wait for their return).
https://wazirx.com/exchange/BTC-INR
And about ZebPay, it was founded in 2014 and it's still active til now.
I prefer to use the DCA strategy and buy bitcoin either on a monthly or weekly basis into my non-custodial wallet. Custody is the thing here and when it comes to cryptocurrency, i do not like to lose custody, i will definitely not take the option of investing using SIP/DCA in a custodial platform, there is the risk if something bad happens to the platform, so whichever strategy i choose, i have to accumulate in a wallet i fully control.
I don't know wazirx acquired by binance thank you for information.
Yes I also know zebpay is running from long time. But I have read some negative reviews about zebpay.
I'm not aware of any exchange that has mutual funds which they let the public invest in. I think it's more likely to encounter a similar concept with an independent trader/s but I'd be very wary of that and personally, would not touch it.
It's not crypto but IIRC, grayscale has a security based on curated major cryptos or was it altcoins? lol -- you can DYOR if you're interested. Personally, I like making my own portfolio more and sit my crypto in a self-custodial wallet.
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