(Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. This information is accurate as of September 13, 2022)
What are SIPs?
SIP enables regular and automatic purchases of the buyer's preferred cryptocurrency to provide the optimal cost averaging over time.
This operates similarly to SIPs in the stock markets by helping our consumers to lower volatility in the crypto markets.
How do SIPs work?
Regular investors often must monitor the markets constantly. With Giottus, customers can designate a specific amount that has to be invested on a regular basis and it will be executed by us without any hassle. Customers also have the option of scheduling the order execution for hourly, weekly, or monthly intervals.
What is cost averaging?
Cost Averaging is a strategy for a buyer to divide up the total amount to be invested across periodic purchases of a crypto asset to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the particular crypto price and at regular intervals.
The cost averaging does improve the performance of an investment over time, but only if the investment increases in price. The lower cost basis will lead to less of a loss on investments that decline in price and generate greater gains on investments that increase in price.
What is better? SIP or buying the dip…
SIP can be better than buying the dip because if you are investing a fixed amount consistently then you will have more exposure to dips when they happen rather than tracking for a dip.
In SIP, which coins can be invested?
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), TrueUSD (TUSD), Tether (USDT), TRON (TRX), EOS (EOS), Chainlink (LINK), Stellar Lumens (XLM), Binance Coin (BNB) and Polygon (MATIC) can be invested with SIP.
Is there a minimum time to hold SIP?
No. There is no minimum time to hold SIPs. However, you need to have sufficient balance in your account for the SIP to work.
It will continue to invest until your account balance is exhausted.
Once the balance has been restored, SIP will restart automatically until a manual cancellation request is made.
The SIP dashboard contains all information. How much money, how many coins, time period, everything can be tracked.
Is there a minimum amount needed to start SIP?
No. There is no minimum balance. However, sufficient balance according to the value of selected tokens needs to be there to execute transactions periodically.
SIP allows for investments from one rupee to one lakh.
How much return can I expect?
Your returns will depend on the coins you have chosen and their current price in the market.
For further queries reach us at firstname.lastname@example.org