How to Buy in XTBE?
WazirX has released a four-step guide for users to invest in XTBE or with any STF trader.
Step 1: Choose the XTBE for you. You can go through the list of Smart Token Funds (STF), analyse the XTEB trader’s activity and background, fund performance, cryptocurrency holdings, and more.
Step 2: Buy Smart Token with your USDT. If you like XBTE, you can buy the Smart Token with your USDT and allow the STF Trader to manage your cryptocurrency portfolio.
Step 3: The Tamilbtc will trade with your cryptocurrency. The STF Trader will use their acumen, and manage your cryptocurrency portfolio like their own. You will be able to track the growth of your cryptocurrency portfolio.
Step 4: You can sell Smart Tokens and withdraw your cryptocurrency. If you want to exit, you can sell the Smart Tokens anytime you want, and withdraw your cryptocurrency.
Risks and Mitigation
Cryptocurrency investment and risks are two sides of the same coin. The highly volatile nature of Crypto assets can bring in huge returns but can also take away the investment in short durations.
Hence, a user can feel safer to allow good traders to trade their funds for them. However, not everyone can make the same kind of profit. Hence, the user can choose the STF based on their past performances, their backgrounds, their activities. Thereby mitigating the risk of loss to some extent.
Recently WazirX opened its gate to other countries as well, so the users as well as STF traders you may follow can be from anywhere in the world. The application to become an STF trader is available on the website.
What do you think about the new STF or Crypto funds from WazirX? Would you invest with an STF trader? Let us know your views in the comments below.