Stoic.ai – Binance Crypto Trading Bot Review

Stoic.ai – Binance Crypto Trading Bot

7.8 out of 10
Stoic.ai

Stoic.ai is a collective intelligence and AI-powered crypto trading bot that will manage your Binance crypto portfolio for you. Since 2015, Cindicator Capital, the hedge fund behind Stoic.ai, has been gathering forecasts from over 170,000 analysts. These forecasts are then processed by machine learning models, which generate a signal that is used to build the Stoic.ai trading strategy. For the top 30 altcoins, Stoic.ai employs a long-only index strategy, which is rebalanced on a daily basis to keep the portfolio stable and growing.

Performance
8/10
Ease of Use
9/10
Stability
8/10
Pricing
6/10

Pros

No lockups

Safety

Automated

Dynamic hedging

Cons

Pricing – 5% fee

Min deposit $1000

Android app needs to be improved

What is Stoic.ai?


How To Get Started On Stoic.ai

  1. Create Binance account
  2. Create Stoic.ai account
    • Go to Stoic.ai web-page and create account.
    • Optionally: install Android/IOS app.
  3. Connect your Binance account
    • Create a Binance API with “Enable Trading” and connect it with Stoic. You can scan a QR code, that will automatically connect your Binance account with Stoic.ai
  4. Enjoy automated trading
    • There’s no hassle with complicated settings: once it’s connected, Stoic.ai will start trading within 24 hours.
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Stoic.ai Dashboard

Stoic’s strategy

Stoic.ai only works with the top 30 altcoin. The Stoic strategy rebalances the weights of different currencies based on their quantitative parameters as well as some Hybrid Intelligence input. The rebalancing takes place daily and is primarily based on market data that has been processed through some complex math developed by Cindicator’s team. The strategy’s goal is to make USD gains while outperforming BTC during the same time period. The number of trades made by a Stoic may vary. You can always check your Binance trading activity.


Pros

No lockups

Unlike with funds, you can always withdraw all of your cryptocurrency.

Safety

Do not be concerned about storing your private keys. All of your assets remain in your Binance account, the world’s largest crypto exchange with unrivaled security. Stoic connects to your account via a read-only API, which means it can only trade and cannot withdraw your assets from Binance.

Automated

Stoic.ai manages and monitors the portfolio entirely, making it convenient and time-saving. Furthermore, the Stoic will manage your daily re-balancing. Stoic team has researched and verified hundreds of crypto trading algorithms to find one that works in both bullish and bearish markets. You don’t need to worry about which assets to buy, how much to hold or sell, when to enter or exit, and at what prices to do all of this.
Stoic does it all for you.

Dynamic hedging

Stoic’s hedge refers to the percentage of one’s portfolio that will be held in USDT (TetherUS) as a hedge against potential market volatility, this is special feature to minimize losses even more during the bear market. Aside from that, the Stoic app provides its users with a dynamic hedge. This is a tool for users who do not want to monitor the current market conditions.

Performance

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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.

As of August 23, 2021, the Stoic algorithm has generated +2,143% since March 2020. To view all historical Stoic returns data, go to DEMO-portfolio and select any time-period chart. The Demo account in the Stoic app is the real account that began trading in March. All of the figures and graphs are true.

Customer Support

To address any difficulties, users may contact Stoic customer care through email or in-app chat. Customer service is responsive and resolves problems quickly.


Cons

Pricing

During the setup, you pay a management fee. The fee is 5% of the sum of funds you give Stoic to manage (equal to the sum of funds on the Binance account you connect to Stoic). After you add more cryptocurrency to your Binance account, Stoic.ai will request that you pay an additional 5% fee on the deposit amount for the rest of your pre-paid year. Stoic will not request fees if they are less than 30 USDT.

Min deposit

The minimum deposit amount is 1000 USDT.


How Stoic.ai handle market correction?

Because Stoic’s current strategy is long-only, it will suffer temporary losses during a market correction. However, as compared to manual trading, the method should cut losses quickly, reducing the extent of the drop. Hedging is a specific feature of the Stoic that helps to reduce losses even further during a bear market. You can choose a percentage of your portfolio to keep in USDT at all times and protect that money. You can, on the other hand, release your entire portfolio into the Strategy to pursue the more adventurous path.

How much can I earn with Stoic.ai?

It all depends on market conditions. Because Stoic’s current strategy is long-only, it will suffer temporary losses during a market correction. However, when compared to manual trading, the strategy should cut losses quickly, reducing the depth of the price drop.
If you are interested in my Stoic.ai account performance, please check my daily summary articles, where I share the whole portfolio and real profit and loss data:

Conclusion – Best Trading bot?

I’ve been using Stoic.ai for a while now, and I must say that I’m impressed. It has a strong foundation that is backed by a hedge fund. It performs excellently, and it is really simple to use. Just set it up and forget it. Let Stoic.ai take care of the gains. I highly recommend checking it out. It is the best trading bot available out there as of now.

Check also How to Deposit Fiat Without Fee to Binance


Frequently Asked Questions (FAQ)


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