If you've been searching for a safe and effortless way to invest in digital gold, you're in luck. Spare8 is the ultimate digital gold investment app that's changing the game when it comes to saving and investing. No longer is investing reserved only for the wealthy, as Spare8 makes it accessible to everyone with its automated investment option. With a user-friendly interface and innovative features, Spare8 makes daily savings and investments a breeze, making it easier than ever to build your wealth. In this blog, we'll take a closer look at Spare8, one of the best digital gold investment options available. So keep reading to learn more!
What Is Spare8?
Spare8 is a revolutionary micro-investment platform specifically designed to help Indian millennials cultivate the habit of investing in gold, regardless of their age or income level. By enabling you to save and invest as little as ₹1 in less than 5 minutes, Spare8 makes it easy and accessible for anyone to start investing in their financial future.
One of the standout features of Spare8 is its Auto investing option, which allows you to set up a regular investment schedule that fits your financial goals and objectives. With AutoInvesting, you can invest in gold every day without having to do so, making the process effortless and convenient manually. Plus, with Spare8's rewards program, you can earn rewards for investing regularly, making it even easier to stay on track and build a savings habit. Let’s now understand in detail how it works.
How Does the Spare8 Digital Gold App Work?
Spare8 is an exceptional app for saving gold, which provides a convenient feature of automatic investment in 24k digital gold while carrying out routine online transactions via cards, net banking, or UPI. The app simplifies the investment process by rounding off the transaction amount to the nearest 10 Rupees and investing the difference in digital gold. As an illustration, if a transaction amounts to Rs.93, Spare8 will round it off to Rs.100 and invest the remaining Rs.7 in digital gold.
How to Get Started with Spare8
By simply providing your name, gender, mobile number, and email ID, you can sign up and create an account without the need for any documents or KYC. Furthermore, you can easily set up UPI autopay from any of your preferred UPI apps like GooglePay, Phonepe, BHIM, or Paytm account.
Invest Each Time You Spend
With Spare8, you can start saving in gold with just Rs.1, regardless of the amount. By scanning QR codes, swiping your cards, and spending money without worry, Spare8 invests your spare change for you. With our 100% liquid options, you can purchase 24-karat gold with each transaction.
Where Your Digital Gold Is Stored
Your funds will be directed towards 24 karats Digital Gold, held in secure digital vaults and safeguarded by independent trustees . Spare8 has collaborated with Augmont Gold and Paytm, as their digital gold partners.
Why Consider Digital Gold Investing?
Any finance blog or magazine will be quick to tell you that gold savings is a cultural tradition that has been followed for centuries, and it is considered a safe and valuable investment option. Over time, gold has proven to retain its value and serve as a hedge against inflation and economic instability.
With the advent of technology, digital gold investment has become an equally genuine option for investors. Buying digital gold is as secure as purchasing physical gold, and it provides the added benefit of not requiring a hefty amount or a locker for security.
Spare8 is a platform that enables users to invest in digital gold with ease, allowing them to buy digital gold with as little as one rupee. The platform also guarantees the safety and security of the gold purchased. Significant benefits of digital investing with Spare8.
Spare8 offers a significant benefit to investors who purchase digital gold in the form of flexibility. With digital gold, investors have the freedom to buy and sell their holdings at their convenience without the constraints that come with physical gold. This flexibility allows investors to manage their investments according to their individual preferences and requirements.
Spare8 offers another beneficial feature where users can pause their debits anytime they want. With just a click of a button, users can pause their round-ups, and debits will stop immediately. When they are ready to resume investing, they can easily resume their round-ups again. Digital investing provides users with greater control and flexibility over their investments.
Another benefit offered by Spare8 is the ease of withdrawals. With no lock-in periods or withdrawal charges, users can quickly withdraw their gold savings whenever they want. All they need to do is provide their bank details, and the money will be credited to their account instantly. This feature provides users a hassle-free and convenient way to manage their investments.
Why Choose Spare8 for Digital Gold?
Well, here are a few reasons to consider:
Firstly, Spare8 is one of the digital investing apps that was launched in India. It has been in the market for a while and has a reputation for providing reliable investment services.
Secondly, the app uses UPI 2.0 technology, which makes it incredibly user-friendly and accessible to investors. This technology enables easy and hassle-free investments, making it ideal for beginners and seasoned investors.
Thirdly, Spare8 allows users to buy, sell, and hold 24k digital gold securely. The app ensures the safety and security of its users' digital investments, giving them peace of mind.
Lastly, the app will soon offer various other asset classes for users to invest in, providing them with a wider range of investment options. Users can choose the asset class that aligns with their investment goals and invest as they spend, making it a seamless experience.
Spare8 Digital Gold FAQs
How does Spare8 round-up investing work?
Spare8 can round up everyday UPI, card, net banking, or QR-code spends to the nearest ₹10 and invest the difference in 24k digital gold.
Can I start investing in digital gold with ₹1?
Yes. The article explains that Spare8 lets users start saving and investing in digital gold with as little as ₹1.
Where is the digital gold stored?
The article notes that funds are directed towards 24k digital gold held in secure digital vaults and safeguarded by independent trustees, with Augmont Gold and Paytm listed as digital gold partners.
Can I withdraw my digital gold savings?
The article says Spare8 offers flexible withdrawals with no lock-in periods or withdrawal charges, with money credited to the user account after bank details are provided.
Conclusion
Spare8 is a highly recommended platform for buying digital gold. It offers an automated investment option that makes investing in gold accessible, effortless, and rewarding. With its user-friendly interface and reliable services and finance blogs, Spare8 caters to both beginners and seasoned investors. Whether you're looking to start building your wealth or secure your financial future, Spare8 has everything you need. So why wait? Sign up today and watch your savings grow with Spare8!