Let AI do the heavy lifting for you
With new users constantly gaining interest in all-things crypto, tools and exchanges have worked hard to help streamline the process of getting into trading and into the overall world of cryptocurrency.
Samsa can be considered one of those tools, as it allows you to automatically execute index strategies on your behalf, essentially making something very sophisticated to pull off individually an automated process.
What can it do for me
Samsa is similar to a trade bot in the sense that it allows you to automate certain aspects of your trading operation, but it automates it through a more streamlined and simplified method. Samsa aims to be extremely accessible for new users, making it a process as simple as:
- Signing up for an account (you get a free 30 day trial).
- Linking your exchange through an API key.
- Start looking at index strategies of interest.
- Set them up and start allocating a ercentage of your portfolio to it.
- Set up trading frequency.
- See how it performs and adjust accordingly.
Additionally, if you want to make the process even easier, you have the ability to browse a directory of the top traders and pick the ones that are showing the best performance. Once you select them, your account automatically copies their trades.
As an alternative, if you’re more into doing things manually you can set manual portfolio targets, and Samsa places the trades for you.
What does the community think of it?
At the moment, it’s too soon to say since the company is so young, but given their features, and the fact that they actively listen to their relatively small community so far, we can only assume that once (and if) Samsa picks some traction, the community will receive it well.
Pricing on Samsa’s sub model is actually quite flexible. It allows you to freely adjust the amount of money you’ll invest through Samsa, and the platform will automatically calculate what your monthly fees will be.
Prices for Samsa start at £2 per month if you invest £73.83, £4.30 per month if you invest £738, £26 for £7,383 and £247 for £73,830. However, you’re not locked only to those amounts; they’re just a point of reference. Anything in between those price ranges can also be chosen.
- Pricing on Samsa’s sub model is actually quite flexible. It allows you to freely adjust the amount of money you’ll invest through Samsa, and the platform will automatically calculate what your monthly fees will be.
- Prices for Samsa start at £2 per month if you invest £73.83, £4.30 per month if you invest £738, £26for £7,383 and £247 for $100,000 £73,830. However, you’re not locked only to those amounts; they’re just a point of reference. Anything in between those price ranges can also be chosen.
Pros & Cons
So far Samsa works exactly as it should, with every one of its features working correctly. The only complaint would be that only 2 exchanges are supported right now (GDAX and Binance).
We’ll give the platform some time to grow and develop, and we’ll update this article with a more comprehensive list of pros and cons and a community consensus.
Summing things up
If you’re looking for a platform to automatically trade for you and expect to make a profit, Samsa is not for you. But if you’re looking for a platform that can help you streamline and simplify the process of trading quite a bit while minimizing the amount of manual input needed, you should definitely give Samsa a shot.
Released just this year, Samsa is what you’d call a financial services platform, but you can think of it as being a tool similar to Cryptohopper (which we have a review of, check it out!) but a lot more simplified and automated. Essentially, it’s a platform that you can link to your exchange, select a series of index strategies that expose your portfolio to several assets at once. These indexes can vary depending on what you’re looking for. You could, for example, invest in the Market 20 index, which will give you a market weighted index of the top 20 cryptocurrencies.