5 reasons to try auto crypto trading with Stoic

5 reasons to try auto crypto trading with Stoic

Stoic is a simple automated crypto trading app with Hybrid Intelligence. It makes it super easy to enter the crypto market.

With over 8,000 different cryptocurrencies, it’s easy to get overwhelmed. Bots for automated crypto trading are supposed to simplify things, but all the different settings could turn this into a full-time job.

Luckily there is Stoic, which works right out of the box and is very easy to use. Let’s briefly go over the main reasons why it’s worth at least giving it a try.

Easy setup

Most bots offer dozens of indicators and settings for creating trading strategies. Some providers let you copy strategies, yet it’s still up to you to decide which one to use. The total return is not the only thing to look at: any strategy can easily go south if the risks aren’t managed properly. The user is supposed to figure all of this out.

With Stoic, it takes just a few taps to start trading: install the app, connect to Binance, and that’s it! Everything else is automated. The quant team behind Stoic has researched and tested hundreds of trading algorithms to find one that works in both bull and bear markets. You don’t need to think about which assets to buy, how much to hold or sell, and at what prices to do all of this. Stoic does it all for you.

Secure storage

Crypto is often hailed as an alternative to banking. But for most people, the whole process of creating and storing seed phrases and using private and public keys is just too much. You’ve probably heard the stories of people who bought some Bitcoin very early on only to eventually lose the private keys to their digital wealth...

Well, the easiest way to avoid that is to use a reliable and secure custodian to store your crypto. With Stoic, all your assets remain on Binance, the largest crypto exchange with best-in-class cybersecurity. All you need is your login and a 2-factor authorisation device, which could be a smartphone. Stoic connects to your account via a read-only API, which means it can only trade and cannot withdraw your assets from Binance.

Highly profitable

Last year, Bitcoin broke its 2017 high and recaptured the attention of investors around the world. In fact, crypto was the best-performing asset class: it did better than stocks, gold, and pretty much everything else.

Since Stoic’s algorithm started trading in March 2020 and by December, it has made +318%, while Bitcoin did +277% and the S&P 500 just +44%. And the algorithm doesn’t use any high-risk instruments like derivatives, leverage, or short selling.

This performance isn’t the product of magic: it’s based on a pattern that has been observed over many years. When Bitcoin’s price rapidly increases, other cryptos lag behind. Then, once Bitcoin stabilises, the other cryptos surge even higher. This sounds simple in theory, yet trading it is hard, especially without any automation. Stoic’s algorithm automates all the heavy lifting of constantly tracking different prices and rebalancing every day. This provides the foundation for its high returns.

Very affordable

Most quant hedge funds use strategies similar to what Stoic offers, yet these funds typically charge annual management fees and on top of that take about 20–30% of profits. With triple-digit returns, these fees can be really high.

Stoic only charges a low annual management fee of 5%, paid upfront. All the profits are yours.

Withdraw any time

With most funds, there is a lock-up period: if you put the money in, you can’t withdraw until the next quarter or even the next year. Many people who invest in the stock market are used to this, so some crypto services also try to follow the same approach, locking up the assets for a given period.

With Stoic, you can always withdraw all your crypto, even without notification. Just move any assets from your Binance account like you normally would. This is great when it comes to taking profits. There’s no need to wait for years, and withdrawing even just a small sum can really help to prove to yourself that this really works.