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.
To begin with, Bitdroplet would allow you to invest only in Bitcoin. We will soon add more cryptocurrencies to the list.
The minimum amount one can invest via Bitdroplet is $1 USDT.
No. You can create an account on bitdroplet directly.
Depositing money for Bitdroplet is easy. Just go to 'Wallet' and click 'Deposit Money'. Essentially, Bitdroplet wallet can store your investment only in the form of USDT. Minimum transfer from Bitbns to Bitdroplet Wallet should be 0.01 USDT.
Upon clicking 'Deposit Money', you would have three ways to deposit money to your Bitdroplet wallet. You can use any one of the three ways explained below.
Use this method if you do not have USDT funds. In this method, you will have to first buy USDT on Bitbns and then transfer it to your Bitdroplet wallet. This is how it works:
Use this method if you already have USDT funds in your Bitbns wallet. For transferring USDT from Bitbns wallet to Bitdroplet wallet, go to 'Wallets' and select 'Transfer from Bitbns'. In case you don't have USDT but have other cryptocurrencies, you can sell them to get FIAT, with which you can buy USDT. Then, you can use 'Transfer from Bitbns' the same way.
Use this method if you have USDT funds in some other exchange. Go to 'Wallet', click 'Deposit Money' and select 'Deposit USDT'. You would then be able to see a QR code as well as your Bitdroplet wallet address. Use this address to transfer USDT from some other exchange to Bitdroplet.
No. Transferring from Bitbns to Bitdroplet is free.
Goals are the monetary targets you want to achieve with the help of Bitdroplet. If your target is a car, which costs Rs. 15,00,000, add a Goal for it and define the target value of your investment. Similarly, you can create multiple goals, parallely, and invest in them simultaneously. Each goal is an SPP where you are purchasing Bitcoin systematically. Remember, the greater the goal, the greater the instalment or period of investment.
Yes. You can pause or restart your SPP anytime. When your SPP is paused, no instalments would be deducted from your USDT balance.
Yes. You can see the next instalment date on your dashboard. Refill your wallet before that date to avoid missing any more instalments.
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.
No. If you wish to withdraw less than 15 USDT, you will have to close your SPP for that particular goal.
Even if your portfolio is in a negative state, do not panic because Bitdroplet is more about long-term savings than short-term. Evidently, since its inception, Bitcoin has proven itself a credible long-term asset. Use the investment calculator tool on the homepage to learn about the performance of Bitcoin in the long term.
You will be charged 0.25% for each Instalment.
0.25% will be charged to redeem the Invested amount in Bitcoin SPP.
An annualized total return is the geometric average amount of money earned by an investment each year over a given time period. The annualized return formula is calculated as a geometric average to show what an investor would earn over a period of time if the annual return was compounded. Note: We show annualized returns only when the 'difference in days' is more than 15