How to Buy, Sell, and Trade TRON (TRX) in India?

How do traders buy, sell, and trade TRON (TRX) in India?

Like other major cryptocurrencies, TRX is also available on several exchanges like Koinbazar. Do you want to invest in TRON (TRX)? Then Koinbazar would be one of the best crypto exchange platforms where you can exchange TRX to INR easily. Koinbazar supports instant INR and crypto deposit options. which makes it easy for traders to invest in any cryptocurrencies which like the most.

To invest and get a good return from it, check the website, sign up with Koinbazar, Complete KYC, link your bank account, deposit your funds and start trading. For the Indian user who has completed the above-mentioned details, you will get 50 KBC tokens FREE and it gets deposited into your Koinbazar account wallet. And also you want to earn more from the Koinbazar referral program, share the referral link (or) code with your friends to earn 50 FREE KBC tokens and also get 50% commission on their trading fees.

How to buy, sell and trade TRX with INR from Koinbazar?

Here’s a step-by-step procedure for users to buy TRX with INR from Koinbazar.

Step 1:

Visit the Koinbazar website.

Step 2:

If you are already a registered user, choose ‘SIGN IN’ at the top right corner of the website to log into your account. if you are a new user, click ‘SIGN UP’ in the top-right corner to register your account.

Step 3:

After you sign into the account, choose “MY ACCOUNT” at the right top of the list.

Step 4:

Choose KYC verification under MY ACCOUNT.

Step 5:

Update the KYC authentication section requested details and identity certificates and then click ‘SAVE’.

Step 6:

Choose ‘BANK DETAILS’ and update your required information. Click “SUBMIT” then.

Step 7:

Go to ‘Assets’ and select ‘Deposit’.

Step 8:

Transfer your required funds to be deposited in either crypto (or) fiat.

Step 9:

Choose ‘Manual Deposit’ and update the account information in the required pages, as needed And also instant INR deposit options available. Your transferred amount will be credited to your wallet after a check by the administrator.

Step 10:

Now, go to the home page, select ‘TRADE’.

Step 11:

On the trading page, choose ‘SELECT INR MARKET’ and select TRX/INR pair to buy TRON with INR.

Step 12:

At the bottom left of the page, start trading by setting the order type and order value you would like to buy.

5 Mistakes to Avoid in Retirement Planning

Retirement- 16 times, Goal – 5 times, SIP- 5 Times, Asset Allocation – 4 times, inflation: 1 time,

Saving & investing for your retirement is essential while you are in that nascent stage of your career. However, people end up making small mistakes that later amplify their losses or their realized gains.

Most of the time, people don’t realize the importance of saving & investing. They push it back and worry about their retirement kitty for later. However, the sorry news is that this is, quite honestly, not the right approach. Here are 5 mistakes one should avoid while saving up for their golden years.

Mistake 1: Improper Plan/Calculations for Your Retirement Dream You must start estimating your retirement corpus requirement with a Retirement Calculator. Start by sharing your future plans with your spouse by asking each other how much of the present income is required to maintain a comfortable life during retirement? Are there any plans to see the world? Figure out your costs. Calculate your current expenses and find out the future value of your expenses by the time you retire, assuming a realistic rate of inflation. Once you know your answer, use the Retirement Calculator to serve a rough guide as to what this figure can be.

Mistake 2: Not Increasing Your Investments through SIPs A Systematic Investment Plan (SIP) could be your first step to happy retirement life. SIP is one of the preferred ways of investing in a mutual fund. In an SIP, you can invest every month with a minimum amount of Rs. 500. An SIP makes you a disciplined investor. It also helps you achieve your goal of retirement planning. Let’s say you save 5% of your income, for instance, Rs. 2,083/- a month on a yearly income of Rs. 5,00,000 Gradually increase that amount to 10-12% every year. The additional increase will substantially add to the future value of your corpus.

Mistake 3: Starting late & losing on Compounding

The tool that you need to grow your investment over time is the power of compounding. In simpler words, it is earning returns which gets reinvested – a snowball effect that could effectively increase your savings much more over time. Thus, the sooner you start saving, you get more time on your hands, thereby letting compounding work for you in the long run.

Thus achieve your financial goal of saving up for retirement by investing as soon as possible. consult your financial advisor before making any investment-related decisions.

Mistake 4: Improper Asset Allocation

Asset allocation is based on the premise that the different asset classes have varying performance cycles.,.

A good asset allocation plan develops an investment portfolio that will help you reach your financial objectives with minimal amount of risk. However, if you are young and not investing in equity, you are missing out on gains that equities have to offer. A portfolio heavily tilted towards debt at a young age might keep your principal at lesser risk, but it will fail to generate more significant returns. Similarly, if one ends up investing heavily into equities when they are reaching a senior age, they are risking their capital. – a move that could prove disastrous.

So a prudent asset allocation is always advised based on one’s risk-taking capacities.

Mistake 5: Not having a Plan at all

It may sound funny, but if we open our eyes, we will notice that saving habits among youngsters are at an all-time low. Many fancy that they will end up running some successful business that will generate enough cash flow to meet their needs. But pandemic has taught us that some of the most reliable ideas have miserably failed and have bought people to poverty. So it’s not just wise but equally important to have a retirement plan for ourselves no matter how we are faring in our lives.

ETF VS Stocks: How do I select?

Stocks & ETFs both trade on exchange, but they are two different investment vehicles. When you purchase a stock, you are buying equity of the company, which means you become a shareholder. When you are investing in ETFs you are investing in a fund which is mirroring an index. First let’s understand how each of them works in piecemeal.

Stocks & their Benefits:

Stocks represent ownership in companies. They trade on regulated markets & over-the-counter markets. Stocks give you more degrees of control over your investments and let you invest in and potentially have a say in the management of particular companies. In contrast, ETFs let you track a more extensive market index

When you invest in stocks, you have more control over where to invest. You have the liberty to invest in the business you understand. You can research the company, their business model, their earning history, and their quarterly forecast and then make a sound decision.

The same would be difficult in an ETF because they replicate the fractional shares of index with a lot of companies. Hence that is beyond your control.

ETF & its Benefits:

Exchange-traded funds are investment vehicles that invest in multiple securities. You can buy and trade them on the markets just like stocks. They are not available over-the-counter. ETF’s seek to replicate the stocks of a particular index.

ETFs are managed passively

Salient Features of Stocks & ETFs:

When you are buying individual stocks, you are owning a particular company but when you buy ETFs, ETFs let you track a broad area of the market because they are replica of respective index. ETF’s are more diversified than individual stock, but they carry expense fees, which a stock does not.

When you are buying individual stocks, you have the flexibility to pick and choose the stocks that fit your financial objectives. You have the liberty to create a portfolio for yourself, including stocks of foreign companies.

Investing in more than one ETF could lead to duplication or over diversification. An ETF that tracks NIFTY 50 and an ETF that tracks technology or IT companies may have many overlaps as they will have several stocks in common.

Costs:

To invest in a stock, you will pay a brokerage charge, for ETF you will be paying management fees in the form of expense ratio of the scheme.

Risk:

When you invest in stocks, you limit yourself to that company’s performance, subjecting your portfolio to a higher degree of risk. By investing in ETFs you allow yourself to keep your investment spread over equities of different companies, thus diluting your risk significantly.

You can’t fully predict the difference between an ETF and a stock in terms of returns since nobody can fully predict the market, but you can choose which is suitable for your investment needs.