Soon

What is Soon?

Quick Introduction

Soon is an innovative platform designed to automate the investment process in the cryptocurrency market. It caters to investors of all experience levels, from novices to professionals seeking to streamline their trading activities. Soon integrates effortlessly with popular trading platforms, allowing users to implement automated strategies without the need for extensive market knowledge or time-intensive manual trading. Whether you want to auto-buy, auto-sell, or manage intricate aspects like tax calculations, Soon simplifies the entire process, ensuring your investments are optimized and less stressful.

Pros and Cons

Pros

1. User-Friendly Interface: Soon is designed for ease of use, ensuring that even beginners can set up and operate their automated investments quickly.
2. Comprehensive Features: From automated buying and selling to tax management and reinvestment, Soon offers a robust feature set that covers the entire investment process.
3. Integration with Multiple Exchanges: Soon supports integration with several top-tier exchanges, providing flexibility and broad operational scope.

Cons

1. Subscription Costs: The tool can be pricey, with higher tiers costing up to $199.99 per month, which might be a barrier for some users.
2. Dependence on Market Conditions: Automated trading tools can still be vulnerable to market volatility, which could lead to potential losses.
3. Non-Custodial Service Limitations: Users must connect their own exchanges, which may present security concerns or technical challenges for some.

TL;DR

• Fully automated crypto investing tailored for any skill level
• Seamless integration with multiple trading platforms
• Comprehensive investing features such as auto-buy, auto-sell, and tax management

Features and Functionality

• Auto Buying: Set up schedules for automatic crypto purchases, enabling smart and consistent investments without continuous monitoring.
• Auto Selling: Simplifies profit-taking actions, automating the process of selling your assets at optimal times.
• Auto-Pilot Mode: Allows full automation of your trading strategy, reducing the need for manual intervention and decision-making.
• Reimbursement Spend: Ensures that your spending is automatically reimbursed from investment profits, maintaining a steady fund balance.
• Tax Stash: Tracks and manages your capital gains taxes dynamically, making tax season less burdensome.

Integration and Compatibility

Soon is designed to integrate seamlessly with a range of prominent cryptocurrency exchanges. This means you can easily link your Soon account with the exchanges you are already using, optimizing your investments across multiple platforms. While it currently does not support specific APIs or programming languages, its ability to work across various exchanges makes it a standalone, versatile tool in the crypto investment market.

Benefits and Advantages

• Time Savings: Automate repetitive tasks to save time and reduce the need for constant market analysis.
• Stress Reduction: Reduces the psychological burden of manual trading, making investing less stressful.
• Improved Decision-Making: Utilizes automated strategies to potentially improve profitability and reduce human error.
• Maximized Returns: By reinvesting profits and managing taxes, Soon helps in optimizing your overall returns.
• Customizable Plans: Tailored pricing and feature options based on your investment volume and needs.

Pricing and Licensing

Soon offers three main subscription plans to cater to different levels of crypto investing needs:

• Soon Plus: $24.99/month or $19.99/month if billed annually. Includes 3 connected exchanges, 5 managed assets, and 250 trade executions with a $100K yearly trade volume limit.
• Soon Premium: $59.99/month or $49.99/month if billed annually. Includes 10 connected exchanges, 15 managed assets, and 500 trade executions with a $250K yearly trade volume limit.
• Soon Ultimate: $199.99/month or $159.99/month if billed annually.

  Do you use Soon?

  I use itI use something else

  Provides unlimited exchanges, 25 managed assets, 1K trade executions, and a $1M yearly trade volume limit.

Support and Resources

Soon provides several support options for its users, including a comprehensive FAQ section, an online help center, and customer service contact options. There is also a community forum where users can exchange insights, ask questions, and grow their understanding of crypto investing. Additionally, Soon offers detailed documentation to assist with setup and optimization of your automated trading strategies.

Soon as an Alternative to…

Soon vs. Shrimpy: While Shrimpy is a notable crypto automation tool, Soon shines with its comprehensive feature set and ease of use. Soon’s dynamic tax management and automated reimbursement features, for instance, provide superior financial oversight compared to Shrimpy.

Alternatives to Soon

• Shrimpy: Favors social trading and automation but may lack some of the advanced tax features found in Soon.
• 3Commas: Known for its smart trading terminal and strategies but may present a steeper learning curve for beginners.
• Cryptohopper: Offers robust bot strategies but does not emphasize tax management and direct profitability tracking as Soon does.

Conclusion

Soon is a powerful, user-friendly tool that simplifies crypto investing through comprehensive automation. Suitable for investors of all levels, it offers unique features such as tax management and automated reimbursement, making it a standout choice in the crowded field of trading tools. If you’re looking for a way to optimize your cryptocurrency investments without the stress of manual trading, Soon could be the ideal solution.