Chipper Cash Investment is a feature on the Chipper Cash App that allows user to buy and sell Stocks and Cryptocurrency. You can access this investment feature by signing in to your Chipper Cash Account and tap on “Invest” tab at the bottom of your dashboard. If you haven’t register a Chipper Cash Account, you can go-to Google Play Store or Apple iOS store to download the investment app.
When Chipper Cash was incepted in 2018 by Ham Seunjogi and Majid Moujaled, the “Invest” feature isn’t available then. But after some operating years, when the company earned the “fastest growing fintech in Africa,” the Investment feature and other products such as virtual cards were added.
The Chipper Cash’s Invest consist of “Cryptocurrency Trading” and “Stock Trading”. In other words, you can buy and sell both cryptos and stocks in the Chipper Cash App right from Nigeria. However, it’s important to let you know that Cryptocurrency is no more available in Chipper Cash Investment for new registered users.
I don’t know why Crypto was disabled for new users, but all I can say is that old users still have access to the Crypto feature in Invest tab of Chipper Cash.
How does Chipper Cash Investment works?
The Chipper Cash Investment offers simple and basic buying, storing, and selling of Cryptos and U.S. stocks to users who are eligible. To be eligible to invest in U.S. Stocks on Chipper Cash, you must be at-least 18 years, you must verify your chipper cash account with BVN and valid means of identification such as National ID Card.
In addition, do note that you can invest as little as $1. You’ll have to fund your Chipper Cash Wallet and equivalent of the amount you want to invest in US-dollar will be deducted from your wallet in Naira. Once your wallet is funded, then you can start buying frictional shares from listed United State’s companies such as Facebook, Amazon, Netflix, Google, Nike, Apple and many other publicly traded companies.
Buying Stocks on Chipper Cash
Before you can buy U.S Stocks on Chipper Cash App in Nigeria, you will need a chipper cash verified account. Then, you will have to fund your Chipper Cash wallet with Naira. Now tap on “Invest” tab at the bottom of your dashboard and select “STOCKS” as your investment. If you’re interested in cryptocurrency and the option is available in your dashboard, then tap on “CRYPTO” and continue.
To buy stocks, scroll down the page and search for the company you want to buy its shares. For example, if you’re investing in Amazon’s shares, tap on “Amazon.com Inc (AMZN)” and go through the shares information such as about the company, news, and statistics, then tap on “Buy.”
Now, input “Amount” of AMZN shares you want to buy. Amount is denominated in dollar ($). The amount will be deduct in naira. Tap on “Continue” and you’ll be require to accept the terms and conditions.
Buying Cryptos on Chipper Cash
To invest Cryptocurrency in Chipper Cash is simple. It can be done by sending assets from external wallet to your Chipper Cash crypto wallet. Or you can buy it directly on the app. However, kindly tap on the “Invest” and select “Crypto” and select your preferred assets. Tap on “Buy” to invest and tap on “Sell” to trade.
You can learn more about the assets you want to trade by scrolling down the page. Accept the terms and condition of trade before you proceed. You also needs to check the current rate to see whether the investment will favour you or not.
Chipper Cash Investment Withdrawal
You can simply withdraw your investment on Chipper Cash by Logging-In to the app, tap on Invest and select which investment you want to withdraw e.g., “Stocks,” or “Cryptos.”
Tap on “Withdraw” and the assets will be calculated and send to your Chipper Cash Balance. You can now cash it out to any bank account of your choice in Nigeria.
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