In the fast-paced digital age, where every rupee counts, investing wisely and securely is essential. Financial blogs in India are buzzing with discussions about the potential of digital gold as a lucrative investment option. If you’re wondering about the best app to buy digital gold in India, your search ends here. According to the best finance blogs in India, Spare8, the trailblazing digital gold app, is revolutionising the investment landscape for young, savvy investors. Let’s know more about the features and advantages of Spare8, showcasing why it’s the go-to digital gold app for those looking to invest in digital gold.
Investing Your Spare Change
What makes Spare8 the best app to buy digital gold in India is its ability to help users invest their spare change effortlessly. Through the “roundup” feature on Android, Spare8 rounds up your everyday transactions to the next Rs 10 to invest the spare change into gold for you. Imagine turning your morning coffee purchase or a quick cab ride into a valuable investment. On iOS, users can set up daily savings with a fixed amount of Rs 10, meaning you can tailor your investment strategy to match your spending habits and financial goals.
No Lock-In Period
Unlike many other investment options, Spare8 offers its customers the freedom to invest without any lock-in period, so you’re not tied down by restrictions or forced to wait for a specific maturity date to redeem your investment in digital gold.
Simplified KYC Process
One of the common roadblocks that deter people from saving and investing is the lengthy and cumbersome Know Your Customer (KYC) process. Spare8 eliminates this hassle by streamlining the KYC process. All you need to do is provide your basic information, and you’re ready to start investing.
Security and Transparency
When it comes to investing, security is key. Spare8 takes your security seriously by storing the actual gold in Augmont vaults of the same value. These vaults undergo regular independent verification to ensure the safety of your investments. Furthermore, Spare8 offers the option of physical gold delivery, giving you the confidence that your assets are backed by tangible value.
In addition to physical security, Spare8 employs robust digital security measures. The platform features 256-bit encryption, the same level of security banks use to protect against fraud. Your financial data and investments are safeguarded against potential threats, providing peace of mind as you invest in digital gold.
Digital Gold’s Potential
Digital gold has proven a formidable investment option, outperforming many other asset classes with a potential 16% return. The Spare8 digital gold app offers a unique approach to investing in digital gold, including a fixed 5% annual return from the platform and an average market return of 11% annually. This combination of fixed returns and market performance makes digital gold through Spare8 a compelling choice for investors.
In conclusion, the best finance blogs in India aren’t wrong when they say Spare8 emerges as the ultimate gateway to wealth for the modern investor.