ZebPay offers SIP in cryptocurrencies; here's how to buy Bitcoin every month

Just like mutual funds, you can now start a Systematic Investment Plan or SIP in cryptocurrencies. ZebPay, India’s oldest crypto asset exchange, has today announced the launch of a new app called ZEBB, which offers SIP options in Bitcoin and Ether. ZEBB enables users to begin their Bitcoin and Ether SIP with investments worth as little as Rs 100 with just a few clicks. Users simply have to sign up, complete the KYC process and start buying Bitcoin or Ether. SIPs can be automated by investing on a regularly recurring schedule for instant buy or sell with 0% buying fees with ZEBB.

Avinash Shekhar, co-chief executive officer, ZebPay, said, “At ZebPay, we have always encouraged investors to dollar or rupee cost average. With ZEBB, we are making it easy and effortless for investors to do so. Moreover, Bitcoin and Ethereum are revolutionary technologies with tremendous growth potential, and SIP is known as one of the most efficient models of wealth creation helping users to invest in the best possible average buy price. If, for instance, an investor had bought Rs. 100 Bitcoin every week in the past year, they would have gained around 72% on their total investment of Rs. 5200.”

Bitcoin is the largest cryptocurrency with a market capitalization of more than a trillion dollars. Ether is the second largest cryptocurrency with a market capitalization of over 43 billion dollars. However, both Bitcoin and Ether prices can see large fluctuations depending on the demand and supply in the market, therefore, rupee cost averaging is the best way to get an average price on these assets.

ZEBB is now available on Play Store and Apple Store for all Indian users.

ZebPay was founded in 2014 and has currently over 4 million users and over $1 billion in monthly transaction volumes. It also operates an exchange in Australia and Singapore, serving 162 countries globally.