Crypto SIP Fees Killer Hack!
55sReveals a 20% fee discount hack that directly saves money, a universal pain point for traders.
▶ Play ClipAI Summary
This video provides a step-by-step guide on how to set up a Systematic Investment Plan (SIP) in cryptocurrency using the CoinDCX platform. It covers account creation, selecting cryptocurrencies, configuring SIP frequency and amount, and managing the plan. The tutorial is aimed at beginners and emphasizes the benefits of automated, regular investing in crypto.
Chapters
[00:04]
Introduction to Crypto SIP
The video introduces the concept of SIP in crypto and recommends CoinDCX as the platform to use.
[00:16]
Account Creation and Fee Benefits
Viewers are instructed to create an account on CoinDCX using the link in the description, which offers up to 20% off trading fees.
[01:13]
Accessing the SIP Option
After logging in, users should navigate to the SIP option in the CoinDCX interface.
[01:53]
Choosing a Cryptocurrency
The video recommends investing in Bitcoin or Ethereum for SIP, as they are more established.
[02:07]
Configuring SIP Settings
Users can select the frequency (weekly or monthly) and the installment amount, with a minimum of ₹200.
[03:02]
Payment and Confirmation
After entering the amount, users confirm by swiping to pay, and the SIP is created.
[03:56]
Managing the SIP
Users can manage and view their active SIPs in the 'Manage SIP' section.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (5)
Which platform is recommended for doing SIP in crypto?
easy
Click to reveal answer
Which platform is recommended for doing SIP in crypto?
easy
Click to reveal answer
CoinDCX
00:16
What discount on trading fees can you get by using the referral link?
easy
Click to reveal answer
What discount on trading fees can you get by using the referral link?
easy
Click to reveal answer
Up to 20%
00:59
Which cryptocurrencies does the video recommend for SIP?
medium
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Which cryptocurrencies does the video recommend for SIP?
medium
Click to reveal answer
Bitcoin and Ethereum
01:53
What is the minimum SIP installment amount mentioned?
easy
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What is the minimum SIP installment amount mentioned?
easy
Click to reveal answer
₹200
02:33
What frequency options are available for SIP?
medium
Click to reveal answer
What frequency options are available for SIP?
medium
Click to reveal answer
Weekly or monthly
02:19
💡 Key Takeaways
🔧
Platform Selection
Identifies CoinDCX as the platform for crypto SIP, a key starting point for beginners.
00:16
📊
Fee Discount
Mentions a 20% fee reduction via referral link, a practical cost-saving tip.
00:59
⚖️
Recommended Coins
Advises focusing on Bitcoin and Ethereum, a sensible risk-management strategy for new investors.
01:53
📊
Minimum Investment
States the minimum SIP amount of ₹200, making crypto investing accessible to small budgets.
02:33Full Transcript
[00:04] want to do SIP in crypto, then today's video is going to be very important for you because today I will explain to you step by step how you can do SIP in crypto. So to do SIP in crypto, first of all you will
[00:16] need a platform and the name of the platform is Coindix. The link is in the description of the video. You can go there and create your account on Coindix. I will give you a link in the i button above.
[00:31] In that video, I have explained in very simple language how to create your account in Coin DCX. Ok? And if you do SIP in crypto or you trade in crypto, then the most dangerous thing is the trading or SIP fee. That is, the fees of crypto, whether
[00:45] it is for trading or SIP, it troubles you a lot here because the fees are very high. So if you create an account using the link given in the description of the video, you can get relief up to 20% on the
[00:59] trading fees. Ok. So friends, now if you create your account on Coin DCX , then after creating your account on Coin DCX, you have to open your Coin DCX. As soon as you open your coin DCX here , an interface will open in front of you like this
[01:13] and here you will see the SIP option. Ok? So, you have to click on this option here. As soon as you click on the SIP option, the soon as you click on the SIP option, the
[01:27] can see this in Start SIP. And if you already have a SIP, then you can go to Manage and see it, but it will not come because you have not done any SIP yet, so you will see a lot of coins here. Okay, if you
[01:40] scroll here, you will see that there are many coins visible below. coins visible below. Whatever you want to do SIP on, be it Bitcoin, Ethereum, or Binance Coin, you can do it on that. So I would recommend you to do it
[01:53] only on Bitcoin or Ethereum. Ok? So you will click on the Bitcoin option. next to it you can see how much return it has given in 3 years. also written on Ethereum. How much return has it given in 3 years? All those
[02:07] click on BTC, then the interface will open in front of you like this. Ok? So here is the frequency and day of SIP. If you want to do it weekly then do it
[02:19] weekly, if you want to do it monthly then do it monthly. Ok? So if you click on Weekly, today is Friday, so Next Friday will be written here as Every Friday. If today is Thursday and you are doing it on Thursday, then it will be written here as Every Thursday. Ok? That means
[02:33] after one week your installment will be here. Ok? So the minimum installment amount is ₹200. So I am giving you an example here starting from ₹200 only. Ok? So here we will make the installment amount Rs 200. So
[02:46] as soon as you enter your amount here as to how much money you want to invest weekly in SIP. Ok. So it will be written below here that if you pay ₹200 weekly then you will get this much return here.
[03:02] here you can see that you have to click on Swipe to Pay. Now as soon as you click on Swipe to Pay, Here the interface will open like this. You can see this. People do it for ₹200 and even for ₹500. We do it even for ₹1000. We do it even for ₹2000. Ok? So, after
[03:17] entering ₹200 here, that is, whatever amount you want to SIP for, you will interface will open like this. Okay, you can see that your weekly SI will also be created here. Okay, on which date did you
[03:30] also be able to see here when your next installment is. This is December 25th as you can see. Today I am talking about whenever I am uploading videos. Today is this date and you can see that the next installment will come on January 1st.
[03:43] Okay and how much SIP amount will be deducted here 200 because we have entered 200 here. Okay, you can see that it is written here that the second installment is upcoming and if you want to cancel it, you can do it from here. Okay, so in this
[03:56] way your SIP will be created here and here you have to go to Manage SIP. If you want to see the SIP you have done, then SIPs you have done here will be visible to you. So our SIP is here.
[04:11] Ok? You can see this. Here it is. Ok? You can see here the SIP value based on past 3 years which we have seen. Ok? So here you can see that we seen. Ok? So here you can see that we
[04:29] comment below the video and do not forget to subscribe to Bhai's channel to watch such videos. to Bhai's channel to watch such videos. See you in the next video. Till then take care. Bye. Hail India.
