What is Crypto Basket?
Crypto Baskets are predetermined coin bundles that allow you to diversify your portfolio by purchasing several coins in a single transaction, saving you time from having to buy each coin individually. Crypto Baskets can also help you purchase coins that are part of the same Web3 segment.
What are the benefits of buying a Crypto Basket?
Crypto Basket offers a quick and simple way to balance risk through diversification of individual coin holdings. You can choose from various baskets comprising multiple coins, enabling you to support several projects you believe in at once.
Moreover, you can choose to maintain a price-weighted allocation of the assets in your Crypto Baskets through rebalancing. This process redistributes top-performing coins into the others, so you would automatically buy low and sell high relative to the other tokens in your Crypto Basket.
You also have the flexibility to buy more of a Crypto Basket over time to apply the dollar-cost averaging strategy.
Who can purchase Crypto Baskets?
All Crypto.com App approved users, except citizens and residents of Korea and Turkey.
Where do I access Crypto Basket?
Simply go to the main menu of the Crypto.com App from the home screen and tap Crypto Basket.
You can explore different coin categories by going to Market from the bottom navigation bar. A Crypto Basket banner will be displayed on the screen of a category if a basket is available for it.
How do I buy a Crypto Basket?
It only takes a few steps to purchase a Crypto Basket:
Go to the main menu from the home screen of the Crypto.com App and tap Crypto Basket
Under the Discover tab, select the basket
Input the purchase amount and tap Proceed
Review the purchase details and read the Crypto Basket Terms and Conditions, risk disclaimers, and Privacy Notice. Once you’re ready, tap Confirm and verify the transaction.
What type of Crypto Baskets are available?
To view all the available Crypto Baskets, go to Crypto Basket from the main menu on the home screen of the Crypto.com App. They are displayed under the Discover tab.
Can I choose the coins in my Crypto Basket?
Currently, users cannot select the coins in their Crypto Baskets.
What are the available payment methods for Crypto Basket?
You can buy Crypto Baskets using the following payment methods:
Credit/Debit Card
Fiat Currency
Apple Pay
Google Pay
Crypto
Where can I view my Crypto Baskets?
Once you have purchased a Crypto Basket, you can view it by going to the Account tab on the bottom navigation bar of the Crypto.com App and tapping Crypto Basket under Overview.
What is Crypto Basket rebalancing?
Rebalancing buys and sells portions of your portfolio to maintain a predetermined price-weighted allocation of each asset. Better-performing assets are redistributed to lower-performing ones, which means you are automatically buying low and selling high relative to the coins in your Crypto Basket. This is done periodically because the market value of each asset changes over time.
If you enable rebalancing for a Crypto Basket, it will be rebalanced every seven days from the date of purchase. You have the option to disable rebalancing at any time.
Rebalancing takes a few minutes to complete. Please note that you cannot buy more of or withdraw a Crypto Basket when it is undergoing rebalancing. You will be alerted one day before each scheduled rebalancing.
How do I enable or disable Crypto Basket rebalancing?
You can adjust the rebalancing settings for your Crypto Baskets at any time. Here’s how:
From the Account tab on the bottom navigation bar of the Crypto.com App, tap Crypto Basket
Under the Portfolio tab, tap the basket you would like to adjust Rebalancing settings for
Toggle on or toggle off Weekly Rebalancing according to your preference
What happens if rebalancing fails?
If rebalancing fails for a Crypto Basket, it will be attempted again at the next scheduled rebalancing.
How do I view my Crypto Basket performance?
You can view the performance for each of your Crypto Baskets by following these steps:
From the Account tab on the bottom navigation bar of the Crypto.com App, tap Crypto Basket
Under the Portfolio tab, tap a basket to view its performance
How do I view my Crypto Basket allocation?
You can view the allocation for each of your Crypto Baskets by following these steps:
From the Account tab on the bottom navigation bar of the Crypto.com App, tap Crypto Basket
Under the Portfolio tab, tap a basket to view its allocation
Can I purchase multiple Crypto Baskets?
Yes. There is no limit to how many Crypto Baskets you can purchase.
However, basket purchases count toward your crypto purchase limits. For more information, go to the main menu > Settings > About > Fees & Limits.
How do I view my Crypto Basket transaction history?
You can view your Crypto Basket transactions by following these steps:
From the Account tab on the bottom navigation bar of the Crypto.com App, tap Crypto Basket
Go to the Portfolio tab and tap the ‘clock’ icon on the top-right corner of the screen
How do I withdraw the coins in my Crypto Basket?
You have the option to withdraw the coins in your baskets to your Crypto Wallet, or sell them for fiat currency or crypto, partially or in full. Here’s how:
From the Account tab on the bottom navigation bar of the Crypto.com App, tap Crypto Basket
Under the Portfolio tab, tap the basket you would like to withdraw. Tap the Withdraw button on the bottom of the screen.
Select Transfer to withdraw the coins to your Crypto Wallet or Sell to sell the coins to fiat or crypto
Transfer
Input the amount of the basket you would like to withdraw and tap Proceed
Review the withdrawal details, tap Confirm, and complete verification
Sell
Input the amount of the basket you would like to sell
Tap Sell to, select a Fiat Wallet or crypto, and tap Proceed
Review the transaction details, tap Confirm, and complete verification
How do I buy more of a Crypto Basket?
You have the option to buy more of a basket at any time. Here’s how:
From the Account tab on the bottom navigation bar of the Crypto.com App, tap Crypto Basket
Under the Portfolio tab, tap the basket you would like to buy more of. Tap the Buy More button on the bottom of the screen.
Input the amount of the basket you would like to buy and tap Proceed
Review the transaction details, tap Confirm, and complete verification
Can I partially withdraw my Crypto Basket coins?
Yes, you can partially withdraw or sell the coins in your Crypto Baskets. See ‘How do I withdraw the coins in my Crypto Basket?’ for details.
What happens if a coin from my Crypto Basket is delisted?
If a coin is delisted from the Crypto.com App, its corresponding basket may be withdrawn to your Crypto Wallet.
Each delisting will be treated on a case-by-case basis, and we will inform you of any necessary action.
What happens if a coin from my Crypto Basket is disabled in my jurisdiction?
For regulatory reasons, we may be required to disable coins in select jurisdictions. If a coin is disabled from the Crypto.com App in your jurisdiction, its corresponding basket may be withdrawn to your Crypto Wallet.
Each disabled token will be treated on a case-by-case basis, and we will inform you of any necessary action.
What benefits can I enjoy from purchasing Crypto Baskets?
Your Crypto Basket purchases count towards your progression in the following programmes:
Please note that jurisdiction restrictions apply for the programmes above.
Are there fees for Crypto Basket?
There are no additional fees for using the Crypto Basket feature.
However, standard fees apply for purchasing coins in the basket, depending on your payment method.
For more information, go to the main menu > Settings > About > Fees & Limits.