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FAQS

Frequently Asked Questions

Find answers for the most common queries about KoinBasket and its offering.

Rewards FAQs

What is KoinBasket?

KoinBasket is a simple smart &  wise alternative for a crypto exchange.The platfrom empowers retail investors to instantly build and invest well researched and diversified crypto portfolios. Its primary objective is to increase the probability of portfolio success and control risk by allocating funds to promising crypto projects spread across different crypto industries, themes and ideas.

How does KoinBasket help investors make the right investment decision?

There are close to 10,000 crypto assets listed on various crypto exchanges. Picking the right set of cryptos isn’t easy, unless you have a reliable fiduciary friend by your side.
At KoinBasket, we believe, well-researched diversified investing for the long term is the way forward to creating wealth peacefully. The engine behind Koinbasket acts as a reliable fiduciary that collates complex crypto data, analyses it in view of the current market trends, past performance and valuation, and finally prepares ready-to-invest diversified crypto baskets that match an individual’s risk appetite, budget and investment philosophy.

Does KoinBasket guarantee safety of capital or profit?

Like equities, investing in cryptos is highly risky and doesn’t come with capital and/or profit guarantees. Though adequate care is taken to spread the investment risk, your capital is at high risk and susceptible to substantial losses. We suggest investors do a proper financial assessment through certified financial planners and/or investment advisors before investing in cryptos. As a word of caution, investors should invest only small amounts which they can risk entirely.

How do I buy KoinBaskets?

It’s easy for investors having a trading account with any of the popular crypto exchanges including Coinbase, Binance and Kraken. Investors can login to KoinBasket’s interface using the login credentials of their crypto trading accounts. Once logged in, investors will have to pick a crypto basket of their choice and proceed with the seamless buying experience in a few clicks.
For those who do not have a crypto trading account should first open an account with any of the popular crypto exchanges and then follow the above steps to start buying Koinbaskets.

How do I track the performance of the KoinBaskets I purchased?

Once the KoinBaskets are bought, they are saved under “My portfolios” section of the dashboard. Investors will get real-time updates of their investment performance like overall Portfolio P/L, crypto-wise P/L, latest prevailing prices etc.

Is there any fee to trade on KoinBasket?

Yes, there is a flat fee of 0.50 USDT per trade. However, trading fees are waived for all trades during the first month starting from January 23, 2024.

Referrals FAQS

Frequently Asked Questions

Find answers for the most common queries about KoinBasket referral program. We take referral fraud seriously. If any user is found accumulating referral rewards through fraudulent means, their account will be permanently deactivated without notice. For more details, please contact us at support@koinbasket.com

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How do I earn from Referral Rewards?

To earn from Referral Rewards, simply share your referral code/link. You & your friend will earn 1 USDT each when your friend successfully completes his 1st trade on KoinBasket via Binance, capped at up to a 100 users per day.

What is the minimum amount for receiving Referral Rewards?

$1 is the minimum threshold for rewards. For every valid referral, rewards are automatically credited to your Binance account within 7 working days. Make sure to connect your Binance account within KoinBasket.

How will I receive my Referral Rewards?

For every valid referral, rewards are automatically credited to your Binance account within 7 working days. Ensure that your Binance account is connected to KoinBasket to receive these credits.

What is the reward for my first trade?

Both you & your friend will earn 1 USDT each when your friend successfully completes his 1st trade on KoinBasket via Binance, capped first 100 users per day.

Are existing users eligible to receive cashback?

No. Only new users who register on or after January 23, 2024, will be eligible to receive cashback on their first successful trade on KoinBasket via Binance.

What is the criteria to receive the cashback?

To be eligible to receive $1 cashback, your referee should have completed a minimum trade worth $20 as his 1st trade. You should have been amongst the 1st 100 users on the platform by the end of each day to be eligible to receive cashback.


Which countries is this referral reward not applicable for?

The referral reward cashback is not applicable for users in the USA, Singapore, India & Nigeria.