Soon
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Soon automates crypto investing, handling buying, selling, portfolio management, and taxes for stress-free wealth building.
What is Soon?
Soon is a platform designed to make cryptocurrency investment effortless by offering fully automated crypto investing features. It helps users build wealth without the need for speculation through services like automated buying, selling, portfolio management, transfers, and handling capital gains taxes. Soon operates on principles like dollar-cost averaging and diversification to provide a stress-free investing experience, aiming to capture short-term opportunities within the market while managing taxation effectively. Users can choose from different subscription plans based on their needs, with features such as automated stop-loss, tax-loss harvesting, reinvesting, and advanced configuration available in the various plan options.
Who created Soon?
Soon was created by the team behind the company, which provides a Fully Automated Crypto Investing platform. The company operates with the philosophy of simplifying cryptocurrency investments through automation tools like auto-buying, auto-selling, stop-loss management, tax tracking, and reinvestment strategies. Founded in 2017, Soon offers various subscription plans like Soon Plus, Soon Premium, and Soon Ultimate, catering to different levels of traders with features like different trade volumes, connected exchanges, managed assets, and advanced configuration options. The platform aims to offer a stress-free wealth-building experience for modern investors by leveraging dollar-cost averaging and portfolio diversification strategies without the need for speculation.
What is Soon used for?
- Auto Buying
- Auto Selling
- Auto-Pilot
- Reimburse Spending
- Reinvestment
- Tax Stash
- Stop Loss
- User journey
Who is Soon for?
- Financial Advisors
- Investors
- Crypto Traders
- Tax professionals
- Accountants
- Crypto investors
How to use Soon?
To use Soon, follow these steps:
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Choose a Plan: Select from Soon Plus, Soon Premium, or Soon Ultimate based on your preferences and investment goals.
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Sign Up: Create an account on Soon's platform by visiting the provided link.
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Set Up Automation:
- Auto Buy: Use dollar-cost averaging to make stress-free investment decisions.
- Auto Sell: Automatically sell high gains to cover your expenses.
- Auto Portfolio: Let Soon manage a standard portfolio for you.
- Auto Transfers: Seamlessly move funds between your bank and crypto investments.
- Auto Taxes: Allocate gains into a Tax Stash for handling potential capital gains taxes.
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Understand the Features:
- Each plan offers different features, such as connected exchanges, managed assets, trade executions, and yearly trade volume.
- Advanced configurations are available for personalized settings.
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FAQs:
- Explore common questions regarding Fully Automated Crypto Investing, dollar-cost averaging, Auto Sell functionality, portfolio management, and tax handling.
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Pricing:
- Review the pricing details for each plan to determine the best fit for your investment strategy.
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Invest Responsibly:
- Remember to conduct your research and seek advice from professionals before making investment decisions in the cryptocurrency market.
By following these steps, you can leverage Soon's automated tools to simplify your crypto investment journey and potentially optimize your returns.
Pros
- Tax Stash
- Comprehensive solution for modern investors
- Engineered to seek out short-term micro-opportunities within the market
- Transfer earnings back to your bank account
- Seamlessly buys, sells, and manages your crypto portfolio
- Hands-off approach to wealth building
- Discover a stress-free crypto investing experience
- 0% ACH Transfer Fees*
- Advanced Configuration
- Reinvesting
- Tax-loss harvesting
- Automated stop-loss
- Automated selling w/AI
- Automated buying
- Default portfolio
Cons
- No mention of advanced features or capabilities beyond basic automation tools
- Price points of Soon's plans could be evaluated for value for money perspective
- Comparison with other AI tools in the industry not provided for feature completeness assessment
- No guaranteed performance of automation tools by Soon
- Users should perform their own research and consult with a professional advisor before making investment decisions
- Fully Automated Crypto Investing can be subject to market risk and volatility
- Information provided by Soon does not constitute financial, investment, or legal advice
- No custodial service provided by Soon
- Users must connect their own exchanges to utilize Soon's automation tools
- Performance of automation tools can vary and is not guaranteed
- Cryptocurrency investments are subject to high market risk and volatility
- Does not specify the process or criteria used for selecting managed assets
- Missing information on the security measures in place to protect users' investments
- Cryptocurrency investments are subject to high market risk and volatility, which poses a risk for users of Soon. Users should perform their research and consult with a professional advisor before making any investment decisions.
- Subscription plans may not offer enough flexibility to cater to various user needs
Soon Pricing and plans
Paid plans start at $19.99/mo and include:
- Default portfolio
- Automated buying
- Automated selling w/AI
- Automated stop-loss
- Tax-loss harvesting
- Tax Stash
Soon FAQs
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What is Fully Automated Crypto Investing?
- Fully Automated Crypto Investing is a platform designed to make cryptocurrency investment effortless. It helps build wealth without the need to speculate through automated services, including buying, selling, portfolio management, transfers, and taxes.
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What is dollar-cost averaging and how does Soon use it?
- Dollar-cost averaging is an investment strategy where you regularly invest equal amounts of money, which Soon uses to help mitigate the timing risk in the volatile crypto market.
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How does Auto Sell work with Soon?
- When you spend, Soon is informed and automatically sells your crypto with the highest gains to cover the expense.
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What does Auto Portfolio do?
- Soon provides a standard portfolio and manages it for you, reducing the need for you to individually select assets to invest in.
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How does Soon handle taxation on gains made?
- Soon sets aside a portion of each sold gain into a Tax Stash to ensure you have funds allocated for potential capital gains taxes.
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