Bitpex Crypto Fund Review
The Bitpex Crypto Fund is a new website that has launched in the cryptocurrency space. I’ve been using it for a few weeks now and decided to write a review because their service is quite interested, and I think much better than competing crypto funds. Their service allows users to invest some money, and they will operate a Bitpex crypto index fund which will basically invest your money across the top cryptocurrency coins just as a normal index fund would for the stock market.
How Does Bitpex Crypto Fund Work?
The Bitpex.net Crypto Fund is aimed at investors with a good risk tolerance in search of a high potential return. This Fund is also ideal for any investor wishing to diversify their portfolio with an asset having a low correlation to traditional asset classes.
It’s similar to an index in the stock market such as the S&P 500 index but it’s for cryptocurrency. They take the 10 cryptocurrencies with the largest market cap and they assign weight to them and then use the weight to combine prices into an index.
What’s The Point Of Bitpex Crypto Fund?
Investing in multiple cryptocurrencies can be a pain. Many of these cryptocurrencies are actually on different exchanges. You can’t just go to one website and buy every single cryptocurrency. You actually need to sign up individually to multiple exchanges where you can buy the cryptocurrency that you actually want. If you wanted to invest in the top cryptocurrencies you would likely need to sign up to probably 4-5 different exchanges.
That means signing up, actually learning how the platform works and also verifying your accounts which can take days or even weeks sometimes.
It’s not necessarily a negative thing, after all I have multiple exchange accounts so that I can freely invest in cryptocurrencies however the goal of the Bitpex Crypto Fund is actually to make it incredibly easy by just investing in their fund / Bitpex Coin which will already do the job. This is why they designed their index fund.
To be honest I like the idea behind this, it makes it easy to invest in cryptocurrencies. They also claim to have a professional team who have lots of experience in Technical Analysis, and after using their service for weeks I’ve noticied my portfolio has gained quite a bit! I don’t doubt that the team has lots of experience.
After signing up in June, I have already recieved over 37% ROI in my investment, which is pretty decent! Much better than I’d get by investing on my own. I attempted to withdrawl some of the investment to see whether this was a scam or not, and the withdrawl worked perfectly. I’m very confident in the websites legitness, and believe they are a new, and safe, growing crypto-fund which has a good intentions for its platform.