Zero TDS on BitDroplet for long Term SIP Investment

I believe that there DCA is the best way to invest in crypto because this way we can buy why is at a better price while minimizing the risk from the volatile market. Bitdroplet is one of the nice DCA platforms now it has been improved recently. It is provided by the leading Indian exchange bit bns and earlier it was offering investment in two coins including Bitcoin and Ethereum however an option for gold and silver was also provided which is not crypto of course. An update is surely needed after a certain point in time and I believe the platform has then the same when it was really needed and the community can surely make the most out of it.

I have been using bitdroplet for almost two years and my experience has been very good because it's very easy to use and I just need to keep the Fiat amount in my wallet to keep my SIP running without any manual intervention. In India, this was the first exchange offering the SIP investment option in crypto and that is something indeed a great innovation offered by the exchange. Even though they have been offering an option to pay for the 12-month installment, however, I did not opt because their native token price value was increased, and thought of not opting for this option however it is still there. This is one of the promotional offers by the exchange whereas if you keep on investing for about I near then eleven months you need to pay and the rest of one month will be paid by the exchange and there are very easy terms and conditions applied by the platform.

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On BitDroplet, our systematic investment plans (SIPs) leverage the benefits of rupee cost averaging to counter volatility, and the reduction of tax burden makes it almost the best form of crypto investment.

I have been investing in Bitcoin and Ethereum however first I started with Bitcoin and Ethereum was added later on but now this platform has added 18 more tokens and all these are the leading ones I spy the market cap. TDS has been implemented in India but bitdroplet has made it easy for long-term investors. Basically, as per TDS, there is a deduction of 1% east time when you invest but As for the exchange if you go for the long-term investment which is about 12 months then at the time of still all this will be refunded makes things easy for the investors. This is a very good initiative taken by the exchange and I'm sure it is going to help a lot of people and users in India who are slightly scared because of the new guidelines by the government.

Here is a new list of tokens that we can choose to invest and as you can see here most of the tokens which are popular and have a very good market cap are added including BNB, Matic, Polkadot, etc. Some other exchanges have also started providing this option to invest in crypto but they are not taking care of the taxation like these so I believe more people will prefer to exchange or invest in crypto through this platform and I will continue to invest without worrying about the 1% tax deduction.

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This is also one of the exchanges which offers fixed deposits in cryptocurrencies and they pay a very nice amount of interest rate on certain coins however they offer this fixed deposit on limited coins only and that too on the leading ones.

Thank you so much
Stay Safe

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