What is a crypto basket?

A crypto basket is a collection of various cryptocurrencies grouped together based on a specific theme. It helps you to diversify their portfolio to reduce the risk.

Are crypto baskets suitable for beginners?

Crypto baskets can be suitable for beginners. When using OctoBot, you just need to choose a theme and OctoBot handles the rest.

What are the advantages of using a crypto basket?

Using a crypto basket offers two main advantages. They reduce risk by investing in multiple cryptocurrencies. Additionally, through automatic rebalancing, you can benefit from the growth of one or more cryptocurrencies and thus realize gains.

Can I test crypto baskets with virtual funds before investing real money?

Yes, with OctoBot, you can experiment with any basket using virtual funds first.

Can I customize my crypto basket?

Yes, with OctoBot, you can customize an existing basket or even create your own custom baskets.

How often are crypto baskets rebalanced?

The frequency of rebalancing varies depending on the specific basket. Some baskets are rebalanced periodically, while others may adjust dynamically based on market conditions or predefined criteria.

What happens if the price of a coin changes a lot?

When the price of a coin in a basket increases by a lot, its gains are distributed among other coins of the basket. On the other hand, if its price drops, OctoBot will buy more to maintain the basket's target ratio. However if a coin drops too much in price, it will be removed from the basket and sold.

How are crypto baskets made?

Crypto Baskets are following Coingecko’s categories and market capitalization raking. They may vary on each exchange according to the availability of coins on a given exchange. Note: coingecko.com is a website that specializes in ranking cryptocurrencies. coingecko.com is not related to OctoBot.