The Crypto.com app has introduced a new tool for investors — Whale Baskets. This feature allows users to copy the portfolio composition of well-known investors such as Warren Buffett at no additional cost.
What are Whale Baskets?
Whale Baskets are a tool that allows users to buy a pool of stocks similar in structure to what the selected investor has publicly disclosed. Users receive notifications about changes in portfolio composition and can easily update their baskets with a single tap.
Key Features of Whale Baskets
The main features of Whale Baskets include the following aspects:
* No subscription fees: No recurring payments for strategies from experts. * Follow over 10 popular investors: including Warren Buffett, Nancy Pelosi, Dan Meuser, Bill Ackman, and more. * Simple tracking tools: Notifications when the investor trades in or out of holdings, allowing easy replication of their actions. * Custom portfolio control: Ability to fine-tune your investment strategy. * Flexible payments: Pay in USD or cryptocurrency. * Participation in a securities lending program: Opportunity to generate additional income. * Investor protection corporation: Information about asset protection.
How to Start Investing with Whale Baskets?
To start investing with Whale Baskets via the Crypto.com app, follow these steps:
1. Tap on Whale Baskets on the main screen. 2. Select an investor from the list and view investment details. 3. Decide on the investment amount, starting at $50. 4. Customize asset selections; however, note that switching to a custom basket will disable automatic updates. 5. Complete your purchase. When your selected whale changes their portfolio, you will receive a notification.
Whale Baskets from Crypto.com offer an innovative way to invest, allowing users to follow the actions of well-known investors. With a user-friendly interface and intuitive tools, this feature can be appealing to various categories of investors.
