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Are you looking for the best exchange in India to buy NBTC with INR? Then, you have landed at the right place. By using this guide, you can easily buy, sell, and exchange NBTC to INR on Koinbazar. Before we get into this, let’s see an overview of NeoBitcoin (NBTC).

What is a NeoBitcoin (NBTC)?

NeoBitcoin (NBTC) is a valuable cryptocurrency to own because it is a tradable digital asset that increases in value as the demand increases with a mass adoption platform. NeoBitcoin provides security and profit for financial services in the future. The low cost to the value of NeoBitcoin makes this solution an attractive and feasible alternative to the typical password-safekeeping methods such as Pen & Paper, USB drive, and PC storage. The total supply of NeoBitcoin (NBTC) cryptocurrency is 49,000,000.

How to buy NBTC with INR on Koinbazar?

To buy NeoBitcoin with INR here, follow the step mentioned below,

Step 1:

Visit Koinbazar.

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 top right corner of the page. Update the requested details to build your profile.

Step 4:

Choose KYC verification under “MY ACCOUNT”.

Step 5:

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

Step 6:

Choose ‘BANK DETAILS’ and update your required information. Then, click “SUBMIT”. Once the admin approved, you will be able to deposit and withdraw your funds from your Koinbazar wallet.

Step 7:

Once the admin approved your bank details, Choose “Funds” from the top right corner of the menu and select “Deposit”.

Step 8:

Choose the “Fiat” option from the deposit. Your desired funds to be deposited in the form of fiat currency.

Step 9:

Then, choose the ‘Manual Deposit’ option and update the required information and instant INR deposit options. Your transferred amount will be credited to your Koinbazar wallet after reviewed by the admin.

Step 10:

Once your funds get deposited, go to the home page and select ‘TRADE’.

Step 11:

On the trading page, choose the “INR” market and select NBTC/INR pair to buy NeoBitcoin (NBTC) in India instantly at the low transaction fee.

Step 12:

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

Debt mutual funds can be classified as per their holding period such as short-term debt funds and long-term debt funds. The meaning of short-term debt funds is that they invest in debt and money market instruments with a Macaulay duration of the portfolio between 1 year – 3 years. Short -term debt fund returns have low volatility..

Investors who are conservative or want to keep a certain portion of their assets in fixed income bearing securities can invest in short-term debt mutual funds. Debt funds, amongst themselves, have different risk profiles, which allows investors to choose funds based on their risk appetite and return expectations in these funds. Investors in debt mutual funds are exposed to inherent risks such as interest rate risk, credit risk, illiquidity risk and market risk etc. Interest rate risks refer to the risk in your investment when prices of the securities purchased move up or down due to changes in macro-economic conditions like higher inflation, higher government borrowings, adverse effect on rupee due to higher current account deficit and other global market developments. Credit risk refers to the risk, when the securities which the fund is holding get downgraded or when there is a possibility of the issuer of the security defaulting in payment of principal or interest. Market risk refers to the risk of the underlying securities cannot be liquidated at the price at which it is valued, due to markets not being deep enough to absorb the sale of the securities. Investors who want to keep their money for very short periods but looking for slightly higher return than savings account and willing to take market risk may invest in Liquid Funds offered by mutual funds. These liquid funds are short term debt funds in nature and invest in Instruments which mature within 91 days.

So if your goal is for a very short period or if you are investing in a different asset class or you have almost reached your goal, it is generally suggested to switch to debt funds as they are less volatile than equity.