What is SIP?
SIP refers to Systematic Investment Plan, which is a similar concept to traditional SIP but applied to the crypto market. It allows investors to regularly invest a fixed amount of money at predetermined intervals specifically in crypto assets.
How to create first SIP on CrSIP platform?
You will be redirected to CrSIP Platform once you click on the “Launch App” button.
- Select the network on which you would like to create your SIP.
- Click on Connect Wallet, then choose your wallet from the list (for example, MetaMask)
- On the navigation bar click on “Create SIP”, SIP manager the dialogue box will be shown.
- Now, you have to choose between EVM Chain (Ethereum Virtual Machine Chain) and Non-EVM Chain (Ethereum Virtual Machine Chain) for creating SIP.
- Choose your token >> Put the Recurring Amount of which you want to create the SIP (Recurring amount should not be less than 5 CrSIP) >> Select the Start Date, End Date & Frequency of the SIP (i.e., Daily, Weekly, Monthly)
- “Click on Create SIP” (you will not be able to create SIP, if you don’t have a sufficient balance of CrSIP).
- “Click on confirm” to give permission to access your CrSIP.
- Check the total Gas fees and click on “Confirm”
What are the different purchase frequency duration supported on CrSIP platform for starting a new SIP?
When the customer starts a new SIP, he/she can choose any of the following options as purchase frequency duration for that particular SIP :
- Daily (every day).
- Weekly (every 7 days).
- Monthly (every 30 days).
What is the Minimum and Maximum duration for creating a new SIP?
For creating a new SIP with our Platform minimum duration is two days, while the maximum duration is five years.
What does recurring amount mean, while creating a new SIP on the CrSIP platform?
Recurring amount means the amount for which crypto will be purchased for the customer at each purchase frequency interval chosen.
Can I create SIP directly with stablecoins, i.e. (DAI/USDT/USDC)?
No.
To create a new SIP on our platform you first have to purchase stablecoins and with that, you can buy CrSIP tokens. Once you have purchased CrSIP tokens, you can create one or more SIPs on the platform.
What if I don’t have sufficient balance in my wallet to create a new SIP in CrSIP platform?
If you don’t have sufficient balance to create a new SIP, then you have to purchase CrSIP Tokens from our platform in exchange with stablecoin.
You can learn more about crypto on our platform. Begin your crypto investment journey today with CrSIP.
