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.
Topic: Any crypto mutual funds like stock mutual funds? Are investing in them? (Read 41 times)
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 here’s what you can see on their website:
https://wazirx.com/exchange/BTC-INR
Quote
On 18.07.24, the WazirX Exchange Platform was an unfortunate victim of a cyber-attack, as a result trading has been temporarily paused. Our ability to maintain 1:1 collaterals with assets have been impacted. While we had warned our customers to not trade because the assets were not completely collateralized, we have decided to pause trading to examine the affected systems, forensic data and conduct comprehensive security audit procedures. This process requires time, and we appreciate your patience as we work through this complex situation. More updates to follow.
And about ZebPay, it was founded in 2014 and it's still active til now.
Yes I also know zebpay is running from long time. But I have read some negative reviews about zebpay.
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.
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 here’s what you can see on their website:
https://wazirx.com/exchange/BTC-INR
Quote
On 18.07.24, the WazirX Exchange Platform was an unfortunate victim of a cyber-attack, as a result trading has been temporarily paused. Our ability to maintain 1:1 collaterals with assets have been impacted. While we had warned our customers to not trade because the assets were not completely collateralized, we have decided to pause trading to examine the affected systems, forensic data and conduct comprehensive security audit procedures. This process requires time, and we appreciate your patience as we work through this complex situation. More updates to follow.
And about ZebPay, it was founded in 2014 and it's still active til now.
Thank you, I will check it out. My fear is whether platforms continue or scams people by stopping their services.
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
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
In stock market investing in mutual funds on sip basis monthly is a good idea. I observed many people are in profit in long run. My question is any Funda of this type In crypto, are you investing in them on sip basis. In which trading platforms they are available?
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