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!

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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 –

  • Stake and earn interest for other coins — Currently, you can stake 500 or more B21 coins to earn 5% interest p.a. on them. Soon, you will be able to stake all other coins in your portfolio and earn interest.
  • 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??

  • Stake and earn – We are working on to offer interest on your investments on the B21 platform
  • 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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