With the growing awareness around cryptocurrency, the sector has come up with various offerings to cater to new audiences. This has also motivated automated cryptocurrency bots to offer innovative solutions for their services.
Automated portfolio managers are one such category of products that lets you streamline all your trading activities. Due to their promised simplicity, these solutions are increasing in popularity with each passing day.
OSOM also falls under this umbrella of solutions and promises incredible ease of use with uncompromised functionality. To see what OSOM.finance is all about, here’s a lowdown on the platform, its features, and its overall benefits.
⌛ What is OSOM and How Long Has It Been in Business?
OSOM is a cryptocurrency trading and portfolio management app that is available for the web, iOS, and Android. Unlike traditional crypto bots, the app does not have the functionality to connect to a cryptocurrency exchange of your choice.
Instead, it simplifies the process to automate its trading all by itself through a Crypto Autopilot as well as a decentralized finance (DeFi) mechanism. With that being said, OSOM shares its objective with other cryptocurrency bots, which is to generate profits against your assets.
OSOM.finance was established in 2019. Since then, the app has gradually made progress among its target market of cryptocurrency traders. Due to the nature of the app and its usage of automated trading mechanisms, the most suitable audience for OSOM’s solutions are people who have little to no experience in making rapid cryptocurrency transactions.
For advanced traders who bring significant knowledge of the sector to the table, the automated mechanisms may seem oversimplified or even restrictive.
Despite using Bitcoin as the main deposit or calculation mechanism, the OSOM trading tool deals with up to 30 altcoins. These non-Bitcoin digital assets are traded across different platforms in order to generate profit for the respective user.
The user in question can also make full withdrawals any time that they want. This stops the ongoing trades and returns the balance to the user, but after deducting network and conversion fee across all altcoins.
This makes OSOM a highly unconventional cryptocurrency trading bot. With that being said, it is not the first or only bot to offer such a solution. As a result, it remains a premier yet one of many cryptocurrency solutions that deliver these services to its users.
✔️ How Reputable is OSOM?
While OSOM was launched in 2019, it has yet to make its presence known within the cryptocurrency sphere. This is mostly due to the unconventional approach of its solutions, which tend to mix an exchange as well as a cryptocurrency bot all in one. Even then, these solutions remain different from what an exchange or automated bot brings to the table.
With that being said, OSOM.finance has the advantage of maintaining a presence across different social media channels and publishing relevant content across different platforms. This provides it with the stature of a budding startup. The community behind the project is also small, to begin with. But it slowly keeps expanding the more the solution spreads its wings.
With offices in Estonia and Belgium, OSOM is registered with the Estonian Financial Intelligence Unit as an authorized virtual asset wallet as well as an exchange service provider. Since the solution takes it upon itself to both store your funds and trade them automatically for you, these labels more than suit its current iteration. The certificate from Estonia does not come with as many difficulties as its counterpart may pose in the U.S. But it still adds a sufficient sense of reliability to the solution.
💰 How Much Does OSOM Cost?
Being a hybrid solution, OSOM is responsible for acting like a cryptocurrency wallet and an exchange service all at once. But its pricing mechanism steers clear of charging you double the fees. This is due to the solution’s overall approach to cryptocurrency trading.
Since OSOM’s wallet and exchange services both operate on a restricted set of features, its fee is also structured differently from other providers of either of these solutions. Instead of charging a monthly fee or a license fee, OSOM only takes 10 percent off of the monthly Bitcoin profits that it generates for you.
This means that if you deposit 1 Bitcoin, see it turn into a basket of altcoins, and then witness its live trading statistics, you only have to pay OSOM.finance for the trades that generate any profit. If your assets haven’t delivered any profits, you don’t have to make any payment to OSOM.
This makes OSOM a highly lucrative offering. However, it is prudent to remember another stipulation: OSOM does not cover your network or conversion fees for Bitcoin to altcoins. This means that even though you are not paying OSOM anything until a profit is made, you are still covering related transaction fees levied by the respective blockchain networks of Bitcoin and altcoins.
This also holds true for withdrawals. For instance, if you want to withdraw your whole balance that comprises 1 Bitcoin, you will be given back your amount after the deduction of network and conversion fees. This seemingly adds a tricky requirement to the overall mechanism of the OSOM app. But it is in line with nearly all cryptocurrency bots that still charge you a membership fee.
Since these costs keep fluctuating, calculating them beforehand with the utmost certainty is nearly impossible until an actual trade is made. This creates a level of uncertainty with your trades that weighs against the ease of use of the solution. But if you maintain sufficient balance and adhere to the minimum deposit limit of 0.0025 BTC, you can increase your chances of steering clear of these issues.
👉 How Easy to Use is OSOM?
The primary audience for OSOM.finance consists of beginners in the cryptocurrency trading sector. Keeping this in mind, it is no surprise to see that the OSOM app on the web, iOS, and Android is extremely easy to use.
OSOM’s user interface (UI) is simple and intuitive, which makes the app simple to operate. At the same time, the app provides you with all necessary information at a glance, which speaks of its overall functionality. It also follows a similar layout on all three platforms in the form of web, iOS, and Android. This elevates its overall ease of use.
Since OSOM automates the trading experience, you don’t need to scramble with the settings in order to identify what works to an ideal degree. This also elevates the simplicity of the app without compromising its efficacy.
Apart from allowing you to transfer payments in Bitcoin and EUR, the app also lets you keep track of your transactions. It also delivers monthly statements for you to keep a record of your trades. This contributes to the app’s transparency.
You can make your payments via debit card and credit card online. But if you want to make a SWIFT payment or a SEPA transfer, you can also do so by using the information outlined by OSOM. Other than that, you can make direct cryptocurrency transfers in BTC. This can save you from additional conversion fees within the app.
🛡️ What Kind of Security is Offered?
OSOM offers basic security such as operating its app on secure and encrypted servers. With that being said, it is important that you take additional measures to protect your account. This includes picking a strong password and signing in from your personal devices instead of public ones.
In addition to that, OSOM brings the security promise of being a registered digital asset wallet and exchange entity in Estonia. With this authentication by the Estonian Financial Intelligence Unit, you can rest assured that you are dealing with a reliable entity and not a fly-by-night operation.
❓ How Good is OSOM Customer Support?
OSOM’s customer support is available through a live chat interface on its website, which adds to its overall accessibility and its customer experience. This cuts back the duration of getting answers to your questions or receiving resolutions for your complaints.
In addition to this, OSOM.finance also maintains a detailed FAQ section that allows you to get all the basic information at a glance. If you face any issues with the provided knowledge, you may very well move forward with contacting the customer support team. This enhances the solution’s overall quality of service and lets you relax in the assurance that help is just a tap away.
💸 How Profitable is OSOM?
Using company data gathered since 2019, OSOM determines that it can deliver a significantly high return on investment (ROI). According to the solution, its Autopilot artificial intelligence (AI) has returned an ROI of more than 900 percent since its launch in late 2019.
With that in mind, OSOM still makes it clear that it has a high risk, high return mechanism in place in the form of the Crypto Autopilot, which is why it advises trader discretion and vigilance at all times. While the solution has a low risk, stable return algorithm in terms of DeFi Earn, the risk is still present. That is why the warnings that come from OSOM are critical for protecting traders’ finances.
This also applies to your trading activities. While signing up with OSOM.finance, make sure that you are only investing funds that you can afford to lose without affecting your life. This ensures that automated trading doesn’t end up costing you more than your and your family’s well-being.
📌 Conclusion
OSOM is an innovative solution that makes cryptocurrency trading easier for those who either don’t have the time or the experience to manage digital asset transactions on their own. The flexible offerings of having a wallet and an exchange at one place further enhance the value proposition, while the promise to charge fees only upon profits takes it to the next level.
However, the automated approach is still as risky as any other cryptocurrency bot, if not more. That is why, you should do your due diligence and only select OSOM if it goes in line with your budget, knowledge, and foundational approach to alternative investment.