Crypto Basket FAQs | Unocoin
What is a Crypto Basket?
- A Crypto Basket is a collection of multiple cryptocurrencies grouped as a single investment. It allows users to invest in a diversified portfolio instead of buying individual coins.
How can I invest in a Crypto Basket?
- Register on Unocoin
- Log in to your account
- Go to the Crypto Basket section
- Choose your basket or coins
- Enter the investment amount
- Confirm purchase
Is there a minimum investment required?
- There is no strict minimum investment. However, the minimum depends on individual coin prices within the basket.
Can I choose my own coins in the basket?
- Yes. You can:
- Select individual coins
- Or invest in the full predefined basket
How does Crypto Basket work on Unocoin?
- Each basket contains selected cryptocurrencies based on:
- Market capitalization
- Performance
- Your investment is distributed across these coins proportionally.
Where can I see my purchased coins?
- After purchase, coins will appear in your:
- Portfolio
- Wallet
- You can track performance anytime.
Can I sell the basket as a whole?
- No. You need to sell individual coins separately.
What are the advantages of Crypto Basket?
- Diversification reduces risk
- Saves research time
- Easy portfolio management
- Exposure to multiple assets
How is Crypto Basket different from buying individual coins?
- Basket – Diversified investment
- Individual coins – Higher risk but more control
Is Crypto Basket suitable for beginners?
- Yes. It is ideal for beginners who want exposure to crypto without deep research.
Does the basket automatically rebalance?
- Depending on the product design:
- Some baskets may be rebalanced periodically
- Others remain fixed after purchase
- Check product details before investing.
What happens if one coin in the basket performs poorly?
- The impact is reduced because your investment is spread across multiple coins.
Can I add more funds to an existing basket?
- You cannot directly add funds to an existing basket. You can create a new investment in the same basket.
Are there any fees for Crypto Basket investment?
- Standard trading fees apply based on the transactions executed.
Can I track the profit and loss of my basket?
- Yes. You can track performance via:
- Individual coins
- Overall portfolio value
Is Crypto Basket safer than trading individual coins?
- It reduces risk through diversification but still carries market risk.
What happens if I invest a small amount?
- Your investment will be distributed only among coins that meet the minimum purchase requirement.
Can I partially sell my investment?
- Yes. Since baskets are made of individual coins, you can sell them partially.
What types of baskets are available?
- Baskets may be categorized based on:
- Market cap
- Themes (e.g., DeFi, Metaverse)
- Performance
Who selects the coins in the basket?
- Coins are selected based on:
- Market data
- Performance
- Internal criteria
Is Crypto Basket actively managed?
- Some baskets may be curated and reviewed periodically. Always check the basket details for the management type.