What is Bitdroplet and SPP?
Bitdroplet is a convenient and secure platform developed and powered by Bitbns, which allows an investor to invest in cryptocurrencies through a Systematic Purchase Plan (SPP). SPP is similar to Systematic Investment Plan (SIP) in conventional stock investments, except that it has been crafted exclusively for investments in cryptocurrencies. Think of it as an SIP for cryptocurrencies.
Bitbns Support SPP in Which coins?
To begin with, Bitdroplet would allow you to invest in Bitcoin or Ethereum. We will soon add more cryptocurrencies to the list.
What is the minimum amount I can invest through Bitdroplet?
The minimum amount one can invest via Bitdroplet is $1 USDT.
Is a Bitbns account necessary for registering on Bitdroplet?
No. You can create an account on bitdroplet directly.
Is there a fee for transferring USDT from Bitbns to Bitdroplet?
No. Transferring from Bitbns to Bitdroplet is free.
What is Redeem? What is the minimum value I can redeem?
Redeem option has been crafted for your convenience. In case you urgently need money, you can simply redeem minimum 15 USDT without closing your SPP. If your SPP has less than 15 USDT and you wish to redeem it, you will have to close your SPP for that particular goal.
My Portfolio is in Negative State? What Shall I do?
NO ! Around 80% of the time where you remain invested your portfolio would remain in positive. When portfolio is negative you automatically accumulate more Bitcoins. Bitcoin over a longer period of time has always grown wrt USD or any other fiat currency.
What will be the fees for SPP instalment?
You will be charged 0.25% for each Instalment.
During Redemption. Will I get charged?
0.25% will be charged to redeem the Invested amount in Bitcoin SPP.
Where are the cryptocurrencies (Bitcoins or Ethers) stored ?
The user funds and cryptocurrencies are stored in secure cold wallet infrastructure. Bitbns which is the entity behind bitdroplet has an impeccable reputation on security.