B21 Monthly Update October 2020

Monthly Update September 2020

What have we been busy with ?

  • Integration of B21 Cards-
    • Now shipping Globally!
      One of the most demanded features since B21’s launch was the B21 International Card. We are very excited to announce that we have launched 4 different B21 International Cards that we can ship globally! At present, we’re taking preorders and the Beta test cards are getting shipped next week.
    • Our team has worked extremely hard with multiple providers for many months to bring the best cards in the market for our B21 family. Within one week of our card launch, we have already started to get pre-orders for the cards!
    • You can choose and order from 4 available International cards (based on the transactional limit) on your B21 mobile app!
    • With your B21 International card, you can withdraw and spend from your crypto portfolio anytime, easily, and without any hassle of transferring the funds to your bank account. Simple. Convenient.
    • More details to follow!
  • We believe that with the recent integration of the Crypto Deposit feature in B21 and with the added functionality of spending your cryptos with the B21 card, you will get a unified platform – to keep a track of your crypto portfolio and withdraw anytime you want to! 


Marketing 

  • Collaboration with Hustleshare Podcast – We have collaborated with Hustleshare, a top Business Podcast in the Philippines that features the journeys of startup founders, business leaders, and unique hustlers. The listeners of the podcast are early-stage startup founders, businessmen, top managerial people, and people in the creative writing or designing field.
    https://www.b21.io/hustleshare/


What’s next?

Never stop Building! B21 team is on a mission to keep on improving the features and bring more interesting functionalities to our B21 family.

  • Stake and earn rewards on your portfolio deposits – This is one of the features that we have been constantly talking about and we are in the final stages of integrating it on the mobile app. Very soon, you will be able to stake all other coins in your portfolio and earn rewards on them.
  • Improvements in the Registration flow  – Keeping in mind our global audience, we have completely redesigned the registration process and KYC flow on the B21 app. It is such a major upgrade that our tech team is calling it “Registration V2.0”. We are extremely excited about it and will soon announce all the updates on our social media handles
  • “B21 bishops”, a reward program for B21 ambassadors – While conducting webinars and live sessions, we realised that the biggest power we had was our community and now to curate a much wider global presence for B21, we have launched B21 Bishop program. Anyone can be a part of this program to earn exclusive rewards, merchandises by spreading the word about B21.
  • B21 – Your Gateway to DeFi?
    Yes something is cooking ! 🙂

As always, your valuable suggestions are always welcome. Do not forget to follow our social media handles for regular updates! 

SAVE !! INVEST !! EARN !!

Stay Safe. Invest Regularly.

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Investment for Passive Income

Recap of Live AMA Session held on September 22nd

Here’s a little recap of our Live Session on “Investing for Passive Income” held on September 22nd. The webinar was hosted by Nitin Agarwal, Founder of B21 Invest.

AMA Session:

Q — While investing in Crypto, what is your strategy? Can you share some of your experiences?

A — I am a believer in Crypto and I believe that it is the next asset class. So, while I have kept some of my money in safety instruments but the rest of the money I do invest it in Crypto keeping it for the long-term. I look at the price and buy the coins if there’s an opportunity but I don’t’ buy and sell it frequently meaning I do not trade.

Q — How to invest in Crypto?

A — It is very easy to invest in Crypto. There are many platforms available including B21 where you can go and invest easily. It’s better to start investing small.

Q — Harshit: Is it good to hold crypto for long as in more than 2 years?

A — That’s how I would do it. In a shorter period of time, the prices always go up and down but if you look for a longer horizon, it is going be the winner.

Q — Golden Janek: Old Solid Coins or New Coins, your suggestions?

A — It would be best to do your own research by looking at the project, the team, know your strategy, and then invest. Coming to me, I look at the older ones, I hold them for a longer period of time, and because I like to support the ecosystem so I do try to play on shorter ones as well.

Q — Bharat Ogirala: Based on your experience, where do you foresee Bitcoin going in the next 2 years?

A — I think in 2 years, we’ll see more and more businesses and individuals using Crypto as an asset class, it will be also be used as a transactional currency.

Q — Shivangi Khanna​: Staking how does it work on B21?

A — On B21, staking is coming very soon. We are building to help you stake the entire portfolio in one go, it is going to come in a few weeks and we hope to do a Live Demo session when that happens.

Q — Janek: Are investment platforms safe to keep crypto?

A — There are many platforms for that, it’s better to do your own research and then keep your assets in the place where you trust.

Q — With B21, can I diversify my portfolio? Some in Stocks, some in MF, some in crypto?

A — That is exactly where we are going. Today on B21, you can do it in crypto only that too in different types of Crypto, it does take time to build that but we are for the investors’ community and we’re building a place where you can in the future invest in Crypto, Mutual Funds, stocks and more.

Q — Manoj: How are Crypto and DeFi expected to transform business in the future?

A — It is bringing more competition in the financial space. Banks are becoming creative, regulators are becoming creative and it is going to be easy to invest slowly and steadily.

Q — Which is better, SIP or Mutual Fund?

A — The basics of investing says that you one can never time the market, so you should always invest in a diversified portfolio and invest regularly.

Q — Parth: SIP on B21?

A — Yes, it is a work in progress. Stay Tuned!

Q — Sagar Sarda: Are you planning to bring Mutual Funds as well on the B21 app? Can we get one platform that will let us invest across all asset classes available to invest on earth?

A — That is exactly what our mission is. We are building step by step, we have cryptos right now, we’re working on Mutual Fund, global share, and various other asset classes. So, we are looking to build a place that will enable you to invest in several assets.

Q — Boris: Why staking interest is higher on Stable coins like USDT?

A — The reason behind this is the people are borrowing more USDT right now because I think in a stable coin world, USDT is the most paired and has a larger trading volume even more than the Bitcoin.

Q — Anuj Singh: Will B21 be simplifying investing in DeFi?

A — Yes, we are working on bringing the DeFi projects very soon.

Q — Anuj Singh: When B21 is coming live on exchanges?

A — Very Soon, but at present, we are focusing more on the product and bringing more users to the platform.

Q — Aman Gangawani: How can crypto be converted to common monetary incomes?

A — It is very simple. You can invest in crypto, and earn staking rewards on certain platforms. You can see it on the B21 app, and it is easy to convert your crypto to fiat on the platform.

We look forward to conducting more such live sessions and will keep updating about it on all our Social Channels, so don’t forget to follow us!

Stay Safe. Invest Regularly.

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July 2020 Update (12)

What is the B21 token?

B21 token is an Ethereum based ERC20 token that forms the base of all transactions, fees, and rewards on the B21 mobile app. You will be able to buy B21 tokens directly on your mobile app and hold it to enjoy exclusive benefits.

What utility does it serve?

  • Different utility tokens have different functionality based on the nature of the project and the B21 token also serves a purpose by forming the base of all transactions, fees, and rewards on the B21 mobile app.
  • B21 token gives exclusive rewards to users –
    • VIP Account — You can become a VIP member by holding 300 B21 tokens in your wallet. By becoming a VIP member, you can enjoy low fees while buying and selling crypto coins on the B21 app.

How to buy B21 tokens?

  • At present, you can buy B21 tokens on the B21 app using your credit card/debit card, bank transfer, and other local payment methods based on your location.
  • You can also earn B21 tokens as a reward on the B21 app –
  1. Sign Up Reward — Complete your profile and you will earn a $2 signup reward.
  2. Welcome Bonus — Earn B21 tokens worth $5 as a welcome bonus on your first investment of $50. Also, on every next investment of $100, earn a $5 reward.
  3. Refer and earn — Refer your friends to try out the B21 app and both you and your friend will earn $2 on successful registration.

What’s more with B21 token in future?

  • Listing B21 token on Exchange — We are talking to some of the top tier exchanges and will soon announce on this
  • B21 Card — Very soon, you will be able to use the B21 International Card to spend your cryptos anywhere

Stay Safe. Invest Regularly.

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B21 Invest Webinar September 2020

Recap of Live AMA with CryptoCub

Here’s a little recap of our AMA with the CryptoCub community on September 8th. The AMA was hosted by Nitin Agarwal, Founder of B21 Invest and the CryptoCub team.

The webinar session started with the CryptoCub team discussing topics like Blockchain, some of its use cases, and later on coming to the Crypto investment and DeFi.

AMA Session:

Q — Adnan Ahmed: How many total numbers of Bitcoin exist and how many are still left to be mined?

A — There are 21 million bitcoins that can ever be created, which means it is limited in supply. There are 18.5 million bitcoins that had been mined in total so far.

Q — Aditya Shahani: Could you tell us a platform where we can go and find the relevant information about crypto?

A — Today in the information highway, there are so many sources of information available which includes print media, social network, and many more. Out of these, some are sharing new while some are sharing opinions, so instead of naming one channel or media source for getting authentic information, you can yourself figure out what is news or a fact or an opinion and make a judgment yourself. However, in Crypto, once you invest a bit, you get more and more involved and that’s where you begin the learning process.

Q — Veer: How is B21 planning to bring DeFi?

A: DeFi is new and risky but is exciting as well. It is the first application for decentralizing the entire banking and financial system. DeFi at present is tech-intensive and that means only a small amount of people can take benefit from it. So here we are looking forward to making investing in Crypto and Defi as easy as possible for common people. We are aggressively working on becoming the Gateway to Crypto and DeFi.

Q — Tejas: What determines the price of Cryptocurrency in developing/developed countries?

A — Be it a developing country or a developed country, it really doesn’t matter. Being a decentralized currency, the crypto coins have no boundaries. The price of the Crypto coin is purely determined by the demand and the supply, it depends upon how many people are buying and selling it.

Q — Tejas: To a crypto beginner, which of the coins would you advise to invest in?

A — I would suggest that as a beginner instead of investing in one spread, create a portfolio of three, four, or more coins. Invest a small amount and invest regularly. It is better to choose from the top 10 coins and start investing in them and once you’re comfortable you can look for other coins as well.

Q — CryptoCub — How B21 is beneficial for the Indian market?

A — The beauty of B21 is it makes the process of investing very simple for the people. We enable people to invest in using local payment methods, such as UPI. We are the only place where you can invest in more than 4–5 coins together with a small amount of $25. We are looking to bring more functionalities for Indian users in the coming days, so Stay Tuned!

Q — Sagar Sarda — The prices reflected on the B21 for crypto coins, where are you sourcing them from?

A — We get the price from multiple exchanges, probably from the top exchanges to give you the best price. We have built a very smart and complex engine to get the price from various exchanges of various crypto coins.

Q — Sagar Sarda — Do you have any future plans of bringing stable coins?

A — We will take this into consideration as enabling stable coins such as USDT is not very difficult. We will look to bring the stable coins very soon on the B21 app!

Q — Aditya Sahani — Can I hold crypto coins as long as I want to?

A — No, this is the beauty of it! We hold all the coins in a regulated custodial wallet, Prime Trust and we always encourage people to Invest small and invest regularly.

We would like to thank the team of CryptoCub, for hosting the Webinar Session on Crypto Masterclass and inviting B21 to become a part of it. As we keep getting questions from our community, we look forward to conducting more such webinars to answer them. We will keep updating the future session on all our Social Channels, so don’t forget to follow us.

Stay Safe. Invest Regularly.

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B21 Invest August Update 2020

B21 Invest — Monthly Update August 2020

The current crypto market is bringing new opportunities with the rise of DeFi projects. According to a very popular website defipulse.com, there is $8.24 Billion total value locked in the current DeFi landscape. We covered the basics of DeFi in our latest AMA.

What have we been busy with?

We have integrated a very exciting feature on the B21 Mobile app — Crypto Deposits!

Now you will be able to bring your crypto purchased from any other platform/exchange to your B21 account.

This will give the users two benefits –

  1. These already purchased assets will be included in your B21 portfolio in a single place and you can keep a track of how your portfolio is performing directly on your B21 dashboard
  2. Crypto to Fiat conversions directly to your bank account

The video at the bottom will explain to you the steps on how to deposit your cryptos in your B21 app. We have also added a feature by which you can add the price of the deposited asset along with the date of purchase.

Marketing

With a mission to expand the B21 family even further and answer all the queries the new crypto investors have, the B21 team has decided to conduct continuous Webinars and Live sessions. We conducted two such sessions in the month of August and the response was overwhelming!

Image for post
You can find a quick recap of our AMA in this medium article — B21 AMA Recap

What’s next?

We are working on to further improve the user experience of the B21 app. Some of the features we are working on –

  • Further revamping the signup and KYC process — We received a lot of feedback from the B21 users and we are redesigning the signup and KYC process completely to make it further accessible.
  • Country ambassadors — We are appointing B21 ambassadors in different parts of the world to help us promote and expand the B21 family even further. With this, we will integrate more local payment methods for these countries.
  • UPI withdrawals for Indian users
  • Partnerships with more wealth management firms and family offices

As always, your valuable suggestions are always welcome. Do not forget to follow our social media handles for regular updates!

Demo of the Week – Crypto Deposit using B21 App

Stay Safe. Invest Regularly.

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B21 Invest Webinar 27 August 2020

Recap of Live AMA Session happened on August 27, 2020

Here’s a little recap of our Live Webinar on “Do’s and the Dont’s of Crypto Investing” on August 27th. The webinar was hosted by Nitin Agarwal, Founder of B21 Invest.

In the webinar session, Nitin discussed the current happening in the Crypto Space, the Do’s and the Dont’s in Crypto Investing and also showcased the Live Demo to explain the steps on how to deposit cryptos using the B21 app. During the live demo, Nitin also showed the exciting new feature on the B21 Mobile app — Crypto Deposits!

AMA Session :

Q — KN Suresh Babu: How the income tax is computed on Crypto Sales?

A — We consider cryptocurrency as an asset, so just like any other asset class like stocks/shares where you do capital gains, you can do the same with cryptos as well by declaring your capital gains.

Q — KN Suresh Babu: Is crypto legal in India?

A — Yes, the crypto was banned earlier but going 4 months back, had lifted the ban on cryptocurrencies. So there is no ban on crypto as of now and you can buy, hold and transact in crypto. The Supreme Court has considered it as a part of innovation and has said that the government should foster this! There are also conversations going around on the legality of crypto in the country which in turn will clear things more for the traders.

Q — KN Suresh Babu — What happens when the government bans the cryptocurrency? What is the fate of our crypto coins?

A — There is no definitive answer to this question. The government will not be suddenly banning the cryptocurrencies, there will be some time given to the people before banning it. Even if the government imposes a ban, you can still sell your coins and withdraw your money.

Q — Sachin Choudhari: How small can an investment in Crypto be?

A — When I say small, it means small to each self. We at B21 enable people to begin their investing in crypto with a small amount of $25, which is roughly close to Rs. 2000. You can start small, learn about it, gain some confidence, and invest regularly thinking for the long term.

Q — Chitaranjen Nayackh: What is the minimum time period you suggest while investing for the long term?

A — I suggest to invest at least for 6 months but I personally think 2 years is a very good horizon to think about.

Q — Anant Kumar: How are you better than the competitors?

A — There are many competitors who provide a way to trade which we do not provide. We provide a way to invest in a portfolio, we provide a way to invest using easy and simple local payment methods, we provide a mobile experience using which you can invest quickly!

Q — Is Cryptocurrency safer than the Stock Markets?

A — There are risks in all kinds of investment, including cryptos, stock markets, or gold or property markets. So there is no definitive answer to which one is safer.

Q — What are the charges while investing in crypto using the B21 mobile app?

A — The charges are very well written on the website. The charges usually depend upon the type of payment method you are using.

Q — Shreyas: What’s in B21 for a professional trader?

A — The B21 app is not for trading, so for traders, there are many platforms available to help them in trading. The B21 app welcomes the investors in the crypto space and we are happy to take inputs and things which you feel that the B21 can do for your(crypto trading) community.

Q — Jayant Jadhav: How do bitcoin or b21 token gain value?

A — Anything gains value if we buy and sell them. Anything that has more demand and lesser supply, it gets value!

Q — Chitaranjen Nayackh: What is so special about B21?

A — When my father wanted to invest and asked me how can he invest in crypto, I had no answer to that because the exchanges have a very complicated interface. They wanted to start investing with a small amount, see how the industry grows and make money from the growth of the industry. That’s where we thought there is no easier way in the market for investing in cryptocurrency. With our platform, we made investing in 5 crypto coins using $25 look very easy.

We promised a Live Demo to our community in our last webinar and delivered it this time. We look forward to conducting more such webinars and will keep updating about it on all our Social Channels, so don’t forget to follow us.

Stay Safe. Invest Regularly.

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B21-July-Update

B21 Invest – Monthly Update July 2020

What have we been busy with?

Based on the valuable feedback our users provide, we incorporate product updates in the B21 app, thereby improving the User Experience even further. 

As the B21 family grows, we are integrating more and more local payment methods – ACH payments for US and UPI payments for India – two countries with the largest user base on B21 (yet). 

Some of the prominent media covered our UPI integration

With this integration and along with the recent surge in Bitcoin and Ethereum prices, we got an overwhelming response on our social media handles from many people who wanted to begin investing in cryptos.

To make users become more familiar with our mobile app, we have further improved our sign up process and allowed users to grab a look at the interface before completing the KYC process. 

What’s Next??

  • Payment methods – We are continuously working to integrate more local payment methods in the app to cover a more broad range of countries. We will also offer more withdrawal and deposit options to our users
  • B21 Card – Stay tuned!! 🙂
  • Listing B21 on exchange : We are working on this and will announce as soon as it is ready  

As always, your valuable suggestions are always welcome. Do not forget to follow our social media handles for regular updates! 

Add funds using UPI/NEFT (For users in India)

Stay Safe. Invest Regularly.

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B21-integrates-UPI-for-Indian-Users

B21 Invest – Monthly Update June 2020

Exciting things are happening at B21. There were a few things we promised to our users based on their feedback and we are glad to share that we have implemented a lot of new features in the B21 Invest app and have improved the User Experience even more. 

In this blog, we are going to share the updates we made in the month of June –

  1. We have integrated local payment methods for two of our largest user base (yet)
    •  ACH, the local bank transfer method for our users in the US. Now US users will have instant deposits and withdrawals with ZERO FEES on their B21 app
    • For our Indian users, we have integrated the much awaited UPI payments and now they can enjoy faster and low fee bank transfers
  2. We have completely revamped the Signup process and now a new user will be able to interact with their B21 app before completing the KYC process
  3. We also integrated B21 native token in the mobile application and users can invest in it to avail even more benefits and rewards –
    • Refer and earn  – Refer your friends to try out the B21 app and both you and your friend will earn $2 on successful registration
    • Invest and earn – Now your first investment of $50 will earn you a bonus of $5 in B21 tokens and every subsequent investment of $100 will earn you a bonus of $5 in B21 tokens
  4. You can now simply enable a 6 digit passcode for logging in your app, thereby removing the hassle of typing your email ID and password everytime. 

Apart from these major product  updates, we have also made performance updates to give you a seamless investing experience. We are also partnering with leading payment and investing companies to grow the B21 family even more. Stay tuned on our Social Media handles for more information. 

As always, your valuable feedback is much appreciated!

Invest Small. Invest Regularly. 


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B21-01

New Portfolio Management App Targets Investors With Just $25 to Spend

Simplified crypto portfolio app hopes to attract new users to the space by targeting investors with as little as $25.

B21 Founder, Nitin Agarwal, explained that the company’s mission to Cointelegraph:

“To bring digital asset investing to the mainstream, so everyone can participate in the potential returns without having to deal with the complex technology typically associated with digital and crypto asset investments.”

Agarwal told Cointelegraph that he expects about 90% of users to be first time cryptocurrency investors, but that the app also has something to offer to those who already hold digital assets.

“Even existing investors can find it complicated to invest using exchanges.  Exchanges are meant for traders while non custodial wallets are meant for tech savvy people who want to hold on to their keys.  B21 is largely focussed towards the people who want to invest but not worry about managing keys or get lost in the complicated experience of the exchanges.”

Source: Article

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B21 Invest – Introduction

Bitcoin, Ethereum and other cryptocurrencies have captured the attention of investors worldwide, not only because of the ingenious technology that lies underneath and the ability to challenge the status quo of many industries including banks but also because of the massive returns these have offered over a period of time. In 2019 itself, an investment of $1000 in Bitcoin would have risen to $1910 by the end of the year, an absolute ROI of 91%. Because of this, crypto assets have been termed “the best performing asset class of 2019”.

Our journey for B21 began with a simple yet challenging mindset-

‘To bring digital asset investing mainstream so everyone can participate in potential returns without worrying about the complicated technology associated with digital and crypto assets.’

After hustling for two years setting up the legal and regulatory framework, acquiring licenses and developing the cool tech that is the heart of our product, we are now proud to bring you B21 Invest — a mobile application where any user can create and manage a multi-asset portfolio at their fingertips.

“No Complexities involved, Simple interface to create and manage your digital assets portfolio!”

With the B21 app, you can easily invest using your payment cards, Domestic and International wire transfers and ACH.

B21 offers full custodianship of your digital assets, you are not exposed to CFD like our competitors, we buy and hold your actual assets. You can withdraw your cash value to your bank account at any time.

We are currently offering B21 Invest live in 65 countries including the US and we support 5 languages with more coming soon!

You can download ‘B21 Invest’ now in Google Play and App Store.

Stay Safe. Stay Healthy. Wash Hands.

Happy Investing!

Team B21

B21 and Digital Software Solutions