What Are Crypto Baskets and How Do They Work?

Crypto Baskets in the Crypto.com App allow traders to diversify their portfolio with just a few clicks. Here’s how to set up a Crypto Basket.

What Is a Crypto Basket in the Crypto.com App?

Building a cryptocurrency portfolio can be time consuming. Crypto Baskets is a new Crypto.com App feature that streamlines this process by allowing traders to purchase in one click multiple tokens grouped by market trends.

Crypto Baskets are designed for users looking to diversify their holdings, giving them the ability to gain exposure to the categories they believe in without the hassle of having to buy each token individually. The feature also comes with functions like auto-rebalancing and targeted performance tracking — for which we detail below. 

Why Trade With Crypto Baskets?

• Crypto Baskets feature the most popular tokens in the crypto market. Traders can choose between trending coins in the most-watched crypto categories, including AI, real-world assets (RWAs), and GameFi, or stick to top performers by market capitalisation. 

• Crypto Baskets make building a diversified portfolio easy. It takes only a few, quick steps to purchase one of 18 available baskets with either cryptocurrency, a credit/debit card, Google and Apple Pay, or Fiat Wallet. Users can buy as little as US$50 of each basket. When purchasing a basket, a user is purchasing each individual token in the basket at the pre-specified ratio.

• The feature also offers Rebalancing, which allows traders to take the emotion out of trading. Rebalancing automatically maintains a pre-specified ratio between the coins in a trader’s basket, and lets traders potentially benefit from price changes by applying the ‘buy low, sell high’ strategy. For those who enable Rebalancing for a Crypto Basket, the purchased tokens will be rebalanced every seven (7) days from the date of purchase. See our Help Centre guide for more information on Rebalancing.

• Users can track their basket and other holdings individually using a sub-account to view the performance separately from the rest of their holdings. For example, a user can individually track a basket containing BTC and the BTC balance in their ‘Crypto Wallet’ in the App.

• Crypto Baskets offer flexible buying and selling terms. Traders can sell a basket, both partially or in full, or buy more of it at any time. In other words, users have full control over the contents of their basket. Baskets can be sold to a user’s Crypto Wallet or Fiat Wallet, or exchanged for an individual coin like Bitcoin or a stablecoin. When a user buys or sells a basket, either partially or in full, they are buying or selling the individual tokens in the basket.

Which Baskets Are Available in the Crypto.com App?

There are a total of 18 baskets currently available:

1. Reserve Basket: When it comes to assets, two are ‘Au’ grade — Bitcoin (BTC), often referred to as ‘digital gold’, and gold bullion. The Reserve Basket comprises the original cryptocurrency and Pax Gold (PAXG), a token backed by physical gold. 
2. DEX Basket: A core pillar of decentralised finance (DeFi), decentralised exchanges (DEXs) give users the ability to trade without an intermediary, where buyers and sellers are matched through smart contracts. The DEX Basket includes several of these peer-to-peer platforms known for their security, liquidity, and innovation. 
3. Freedom Basket: The Freedom Basket pays homage to the 45th and 47th president of the United States in his return to the White House. Gain exposure to defining tokens of the moment, namely TRUMP, BTC, SOL, XRP, and DOGE.
4. DeFi Basket: In DeFi, blockchain technology enables direct peer-to-peer transactions. The DeFi Basket includes tokens that power its infrastructure, trading, and lending sectors to create an ecosystem of financial applications and services built on decentralised blockchain networks.
5. Meme Basket: Meme coins are based on internet memes, which are humorous pieces of cultural content that bring communities together through their relatability. Historically, the value of such assets has been prone to significant fluctuations. Browse them in our Meme Basket.
6. DePIN Basket: Decentralised physical infrastructure networks (DePINs) combine real-world systems with blockchain technology and token incentivisation to create a peer-based solution, where individuals can share ownership of and contribute to the infrastructure. Check them out in our DePIN Basket.
7. AI Basket: Artificial intelligence (AI) is changing how we live, work, and play. The tokens of AI-based projects power apps while empowering individuals by giving them control over their personal data. Browse a selection of them in our AI Basket. 
8. RWA Basket: Real-world asset (RWA) projects aim to bring physical assets and financial services onto the blockchain. Browse a selection of these projects in our RWA Basket.
9. GameFi Basket: Decentralised games let users earn while they play. By integrating blockchain technology with games, players can reap the rewards of their efforts while owning their in-game assets. Get started with our GameFi Basket.
10. Solana Basket: High performance, low transaction costs, and scalability — these factors make Solana one of the most popular Layer-1 blockchains to date. Browse our Solana Basket and gain exposure to a mix of popular projects in its ecosystem. 
11. Ethereum Basket: Ethereum is one of the most popular platforms for creating decentralised applications (dapps). With thousands of cryptocurrencies leveraging the platform for its programmability and liquidity, a diversified set of assets comprise the Ethereum Basket.
12. BTC-ETH Duo Basket: It’s fascinating how two of the most established cryptocurrencies offer such different benefits. Bitcoin (BTC) is known for its store of value, while ETH focuses on the deployment of smart contracts. Together, the two make up the BTC-ETH Duo Basket.
13. Big 3 Basket: In the cryptocurrency world, there is a trio of coins that are often top of mind. In the Big 3 Basket, Bitcoin (BTC), Ether (ETH), and Solana (SOL) each bring benefits to the table: as a store of value and as platforms for innovation.
14. Featured 10 Basket: The Featured 10 Basket offers exposure to established cryptocurrencies and fast-growing altcoins. This basket includes some projects that have consistently been in the top 10 by market capitalisation.
15. Trio Basket: The Trio Basket comprises Bitcoin (BTC), Ethereum (ETH), and Cronos (CRO) — the two largest cryptocurrencies by market capitalisation and the native token of Cronos. Gain exposure to a portfolio covering key blockchain sectors and rewarding DeFi opportunities.
16. Cronos Basket: Thanks to its scalability, Ethereum compatibility, and Cosmos interoperability, the Cronos ecosystem supports a host of protocols across various sectors, from DeFi and payments to NFTs and GameFi. Access popular tokens used in Cronos-based protocols and the native token of Cronos (CRO) from the Cronos Basket.
17. US Blue Chip Basket: Discover popular cryptocurrencies amongst US users in the US Blue Chip Basket. This basket includes a diverse range of projects, from the Layer-1 blockchain Solana (SOL) to dapp platform Avalanche (AVAX), and the distributed ledger XRP (XRP). 
18. Under $1 Basket: Buying cryptocurrency can be accessible, as demonstrated by this basket with a variety of cryptocurrencies priced under one US dollar per coin, from meme coins to native tokens of Layer-1 blockchains.

Check out the Crypto Baskets here. Or learn more about their categories at Crypto.com University.

How to Set Up a Basket in the Crypto.com App

Below is a how-to guide for step-by-step purchasing of a Crypto Basket in the App:

Step 1: Go to the main menu from the home screen and tap Crypto Basket.

Step 2: Under the Discover tab, click on the preferred basket.

Step 3: Select ‘Buy Basket’. Users can set the purchase amount in the next step.

Step 4: Choose whether to enable weekly rebalancing by toggling it on or off. Rebalancing distributes risk by maintaining the portfolio allocation during volatility.

Step 5: Users can purchase their baskets with funds from their Fiat Wallet, credit/debit card, Apple or Google Pay, or crypto; then tap Proceed.

Step 6: Review the purchase details and its terms. Once ready, tap Proceed and verify the transaction.

Users can monitor their basket’s performance under ‘Overview’.

Using the Recurring Buy Feature for Crypto Baskets

Users are now able to purchase crypto baskets with Recurring Buy — a Dollar Cost Averaging (DCA) feature in the App. When the feature is enabled, users can automatically purchase baskets over a set period of time — daily, weekly, bi-weekly, or monthly. Recurring Buy lets users easily apply DCA to even out their entry price.

Users can also calculate the potential profit and loss (PnL) of their recurring basket purchase with the DCA Calculator, which utilises historical data, plus customise the amount, frequency, and time period of the recurring basket to generate a predicted ROI in comparison to a single purchase.

Here’s how to set up Recurring Buy:

Step 1: Under the Discover tab, click on the preferred basket > Buy Basket.

Step 2: Enter the purchase amount and click on frequency to adjust the frequency of the Recurring Buy.

Step 3: Once the Recurring Buy settings are set, click proceed > Confirm.

For the full details of Crypto Baskets in the Crypto.com App, visit the Help Centre. 

Conclusion

The Crypto Basket feature in the Crypto.com App offers a streamlined and automated approach to building a diversified cryptocurrency portfolio with ease. By enabling users to choose from pre-selected baskets, track individual performance, and utilise rebalancing, this tool simplifies the complexities of crypto trading. 

Crypto Baskets allow traders to support trends they believe in with just a few taps, whether in AI, GameFi, or top market performers, amongst others. However, as with any investment, it’s vital for traders to perform thorough research, stay informed, and make decisions based on their financial goals and risk tolerance.

Due Diligence and Do Your Own Research

All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation.

Rebalancing is an optional functionality that you can enable to pre-authorise purchases and sales of individual digital assets to maintain the relative weights of each digital asset within a Crypto Basket at the default weights, as the relative weights may change and diverge from the default weights over time due to changes in the underlying value of each digital asset and other activities subsequent to your purchase of the Crypto Basket. Rebalancing is simply a tool to pre-authorise purchases and sales of the specified digital assets in a given Crypto Basket.

Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.