Frequently Asked Questions

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

Rewards FAQs

What is KoinBasket?

KoinBasket is user friendly investment interface that builds well researched and diversified crypto portfolios for investors. 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 buy KoinBaskets?

Enjoy the services, its free for now.

Rewards FAQS

Frequently Asked Questions Rewards

Find answers for the most common queries about KoinBasket rewards program. The rferral program we had earlier has been discontinued from 1st of November 2022. The whole new referral program is coming soon!

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How does the KoinBasket rewards program work?

The user gets rewarded for the activities the user does on the app. Registration: 1000 Reward Coins
Connect Exchange: 1000 Reward Coins
Purchase 1st Real Basket: 1000 Reward Coins

What is the value of coins against real dollars?

1000 reward points = $10

What is the minimum requirement to redeem the reward coins to cash?

You need to have a minimum of 2000 coins available in your wallet to redeem the coins to cash. The redemption is only available for users who make their first real basket purchase using the live trade mode in the app.

Why can’t I convert the reward coins to cash?

Only users who have completed their first real basket purchase worth $200 or more will get the option to redeem their reward coins to cash. You also need to have a minimum of 2000 coins available in your wallet to redeem the coins to cash.

I have converted the reward coins to cash. It has gone to “In progress” state. When will I get the cash in my exchange wallet?

Reward credit to exchange wallet will take up to 2-3 weeks post intiating the redeem request. You will be able to see the status of the credit with the Rewards Wallet screen on the app.

Who is eligible for the rewards program?

The rewards program is applicable for all new users who create an account with KoinBasket, post 4th Novermber 2022.