Stackit Documentation
  • Introduction
    • What is Stackit?
  • Why Stackit?
  • Key Features
  • Platform Overview
    • How Stackit Works
    • User Journey
    • Technology Stack
  • Core Concepts
    • What is an SIP?
    • Dollar-Cost Averaging (DCA)
    • Self-Custody
    • Smart Contract Automation
  • Getting Started
    • System Requirements
    • Creating Your Wallet
    • Funding Your Wallet
    • Connecting to Stackit
  • User Guide
    • Dashboard Overview
    • Creating an SIP Plan
    • Managing Your SIPs
    • Authorization Process
  • Technical Architecture
    • Smart Contract System
    • Transaction Flow
  • Security
    • Self-Custody Advantage
    • Authorization Security
    • Best Practices for Users
    • Security Limitations
  • Fee Structure
    • Transparent Pricing
  • Troubleshooting
    • Common Issues
    • Getting Help
  • FAQ
  • Glossary
  • Support and Community
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FAQ

General Questions

What exactly is Stackit? Stackit is a decentralized platform that allows you to create automated cryptocurrency investment plans (SIPs) while maintaining self-custody of your assets. It enables dollar-cost averaging for crypto purchases without giving up control of your funds.

Is Stackit a custodial service? No. Stackit is completely non-custodial. Your funds remain in your wallet until each scheduled purchase occurs. Stackit never takes custody of your assets at any point.

Which cryptocurrencies can I invest in? You can invest in several major cryptocurrencies including ETH, wBTC, LINK, UNI, and AAVE. The platform may add support for additional tokens over time.

Technical Questions

Which networks does Stackit support? Currently, Stackit operates exclusively on the Arbitrum network, which offers lower transaction fees and faster confirmations than Ethereum mainnet.

Which wallets are compatible with Stackit? Stackit works with MetaMask, Rabby, and any wallet that supports WalletConnect. For beginners, Rabby is recommended as it provides clearer transaction information.

What happens if I don't have enough stablecoins for a scheduled purchase? If you don't have sufficient stablecoins when a purchase is scheduled, the transaction will fail. Your plan will remain active and will attempt to execute on the next scheduled date.

Investment Questions

What is dollar-cost averaging (DCA)? Dollar-cost averaging is an investment strategy where you invest a fixed amount regularly, regardless of asset price. This approach helps reduce the impact of volatility and eliminates the need to time the market.

What are the benefits of using SIPs for crypto investing? SIPs provide several advantages for crypto investors:

  • Reduced emotional decision-making

  • Protection against market volatility

  • Disciplined investing approach

  • Potentially better average purchase price

  • Lower stress from not needing to time the market

Can I cancel my plan anytime? Yes, you can cancel your SIP plan at any time with no cancellation fee or penalty.

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Last updated 1 month ago