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Exploring Soon: Your Guide to Automated Crypto Investing

Introduction

Investing in cryptocurrency can be complex and time-consuming. Soon is designed to simplify this process through automation.

Key Benefits and Use Cases

  • Automated Investing: Soon automates the buying and selling of cryptocurrencies, reducing the need for constant market monitoring.

  • Portfolio Management: It offers tools to manage and diversify your crypto assets efficiently.

  • Tax Optimization: Features like tax-loss harvesting help in optimizing tax liabilities.

Who Uses Soon?

Soon caters to a wide range of users:

  • New Investors: Individuals new to crypto investing seeking an easy entry point.

  • Busy Professionals: Those who lack the time to actively manage their investments.

  • Experienced Traders: Investors looking to automate routine tasks and focus on strategy.

What Makes Soon Unique?

Soon stands out due to its:

  • Integration with Multiple Exchanges: Connects seamlessly with popular trading platforms.

  • Comprehensive Automation: Automates both buying and selling processes based on user-defined parameters.

  • User-Friendly Interface: Designed for ease of use, regardless of technical expertise.

Pricing Plans

Soon offers several pricing tiers to accommodate different investment needs. Please note that pricing may change; for the most current information, visit the official pricing page.

  • Soon Plus: $24.99/month ($19.99/month with annual purchase)

    • 1 Connected Exchange
    • 5 Managed Assets
    • 250 Trade Executions
    • $10K Yearly Trade Volume
  • Soon Premium: $59.99/month ($49.99/month with annual purchase)

    • 3 Connected Exchanges
    • 15 Managed Assets
    • 500 Trade Executions
    • $25K Yearly Trade Volume
  • Soon Ultimate: $199.99/month ($159.99/month with annual purchase)

    • Unlimited Exchanges
    • 25 Managed Assets
    • 1K Trade Executions
    • $100K Yearly Trade Volume

Disclaimer: Pricing is subject to change. For the most up-to-date information, please refer to the official pricing page.

Core Features

Essential Functions Overview

  • Auto Buying: Implements dollar-cost averaging to spread out investments over time, reducing the impact of market volatility.

  • Auto Selling: Automatically sells assets based on predefined criteria, helping to lock in profits or minimize losses.

  • Reimburse Spending: Aligns investment gains with personal spending, allowing users to fund purchases through realized profits.

  • Reinvestment: Enables automatic reinvestment of profits to compound earnings over time.

  • Tax Stash: Assists in setting aside funds for tax obligations, simplifying tax season preparations.

  • Stop Loss: Automatically sells underperforming assets to prevent further losses and optimize tax outcomes.

Common Settings Explained

  • Investment Frequency: Users can set how often they want to invest (e.g., daily, weekly).

  • Portfolio Selection: Choose from default asset allocations or customize based on individual preferences.

  • Spending Account Integration: Connect spending accounts to synchronize investment activities with personal expenditures.

Tips & Troubleshooting

Tips for Best Results

  • Regular Monitoring: While automation handles daily tasks, periodically review your portfolio to ensure it aligns with your goals.

  • Stay Informed: Keep abreast of market trends to make informed decisions when adjusting settings.

  • Utilize Support Resources: Leverage Soon's support and educational materials to maximize the platform's potential.

Troubleshooting Basics

  • Connection Issues: Ensure that all linked exchanges and accounts are properly connected and authorized.

  • Feature Accessibility: Verify that your subscription plan includes the features you intend to use.

  • Contact Support: For unresolved issues, reach out to Soon's customer support for assistance.

Best Practices

Common Mistakes to Avoid

  • Overcomplicating Settings: Keep configurations straightforward to prevent unintended outcomes.

  • Neglecting Security: Regularly update passwords and enable two-factor authentication to protect your accounts.

  • Ignoring Fees: Be mindful of transaction fees across different exchanges, as they can impact overall returns.

Performance Optimization

  • Diversify Investments: Spread investments across various assets to mitigate risk.

  • Adjust Strategies as Needed: Be prepared to modify investment strategies in response to significant market changes.

  • Monitor Tax Implications: Stay aware of how investment decisions affect tax liabilities and utilize available tools to manage them.