As its name suggests, CryptoSimple aims to democratize access to cryptocurrencies in the easiest way possible. No need to constantly scan the market anymore: the young French startup takes care of your cryptocurrency investments with care, ensuring full transparency of your portfolio from its mobile app.
Investing on autopilot with CryptoSimple
Located in Marseille, French startup CryptoSimple wants to make investing as easy as possible for everyone, and not just any investment: the one in cryptocurrencies.
Founded in 2021, CryptoSimple was founded by four people who are passionate about finance and blockchain, with François-Julien Alcaraz, a former computer engineer and financial analyst, as president. At his side are Dorian Ravaute, the company’s legal director, who also has a doctorate in taxation and blockchain, as well as Axel Gillino, the product director, and Victor Metzger, the marketing director.
Today, crypto-currencies have their share of advantages, notably their attractive rates in the context of decentralised finance (DeFi), which are all the more surprising when one is a complete stranger to this ecosystem. However, since traditional financial investment is already difficult to access, crypto-currencies are not to be outdone, especially when you fall into them today.
This is why CryptoSimple was born, an application designed to make investing in crypto-currencies accessible, easily understandable and transparent.
With an educational approach to things in order to accompany its community, CryptoSimple lets you choose how much you want to invest, if you prefer to invest in a rather volatile or rather stable market, and provides a personalized approach by proposing a questionnaire to better understand your expectations.
In other words, you define how much you want to invest in the cryptocurrency market, and the CryptoSimple team takes care of everything, leaving you with full visibility on the investments selected for you and their current status.
In addition, CryptoSimple has the status of a digital asset service provider (DASP) and is therefore fully compliant with the Autorité des marchés financiers (AMF) to offer its services.
The official launch of the application is scheduled for July, but you can join the waiting list now to benefit from the first three months offered, an opportunity to test the reliability of CryptoSimple with ease.
How CryptoSimple works
In concrete terms, setting up a CryptoSimple portfolio will take place in 3 steps: profile study to understand your approach to the risks involved in investing, creation of a portfolio and then viewing and controlling it directly via the application in order to have a real-time eye on your crypto-currencies.
Profile study and wallet creation
At the time of writing, CryptoSimple offers three different portfolios: ‘Cautious’, ‘Balanced’ and ‘Dynamic’.
As their name indicates, their respective strategies are rather explicit.
- The Cautious portfolio, for example, is 90% invested in stablecoins (USDC, DAI…), with only 10% in volatile assets (BTC, ETH, LINK, etc.);
- The Dynamic portfolio, on the other hand, will focus more on an aggressive return strategy, with 65% volatile assets and 35% stable assets;
The Balanced portfolio is the middle ground between the two previous portfolios. It will provide you with long term stability with regular profits thanks to its 65% of stablecoins, while allowing you to have a foot in decentralised finance (DeFi) with 35% of volatile assets.
Some terms are foreign to you, DeFi seems too complex, or you simply don’t have the time to monitor the price of different cryptocurrencies?
That’s why CryptoSimple provides its users with a panel of financial experts mastering the cryptocurrency market to take care of their investments.
In order to optimize your portfolio, and above all, to make sure that it suits you completely, CryptoSimple provides a whole series of questions to better understand your investor profile and thus propose the most suitable type of portfolio.
And your portfolio strategy is not set in stone, it is possible at any time to go back to the questionnaire in order to re-evaluate your investment approach, both to adopt a more secure or more aggressive strategy.
Still with a view to limiting manipulations, it is possible to link your bank account directly to CryptoSimple, and this of course, in a totally secure way. Otherwise, it is also possible to fund one’s account via SEPA transfer, and payment directly by credit card will soon be implemented on the platform.
Note that no matter which wallet you decide to use, your investments will always be secure, thanks in particular to stablecoins. A strong point, in a context of inflation and increasing uncertainty.
Portfolio management
Once your portfolio is set up, you will know exactly where your cryptocurrencies are invested and how. The professionals at CryptoSimple will grow your investments across a broad spectrum of DeFi, via Yield Farming, liquidity pools and more.
Since the cryptocurrency market is inherently volatile and changing, whether it is via market movements or new developments that arrive daily in the blockchain ecosystem, your investments are optimized on a daily basis.
Thanks to the CryptoSimple app, you can track in real time the movements of your crypto-currencies, the amount of interest they will hypothetically generate (APY) and what share of allocation each one represents.
Moreover, you can withdraw them whenever you want, your funds are never locked.
Note that CryptoSimple works independently, so you don’t need to own a cryptocurrency wallet like MetaMask: just sign up and link your bank account.
What are the different CryptoSimple offers?
CryptoSimple offers 3 pricing packages, which depend entirely on the amount you wish to invest.
The basic package, “Onyx”, is awarded by default if you deposit €0 to €10,000 (note that there is no minimum amount). This includes compound interest, a personalised portfolio, automatic rebalancing, investment advice and, most importantly, no transaction fees. Monthly fee: 0.15%.
The next formula, “Gold”, for deposits of €10,000 to €50,000, includes the previous features and adds the possibility of owning several portfolios, access to a planning based on previously established objectives, and includes a reduced management fee of 0.13% monthly.
Finally, the “Emerald” plan, if you deposit more than €50,000, includes all the above benefits, and also gives you the possibility to communicate with a dedicated investment advisor. This package incurs a 0.11% monthly fee.
This is a fixed monthly maintenance fee, which depends entirely on the amount you have decided to invest in CryptoSimple.
Conclusion on CryptoSimple services
As you can see, CryptoSimple is a gateway to cryptocurrency investing for everyone. If you’re a DeFi regular and have a pretty good grasp of the whole blockchain ecosystem, CryptoSimple will still allow you to introduce your loved ones to the world of cryptocurrencies.
In addition, the site offers a blog that allows you to keep up to date with the latest news and future implementations, but also to discover the world of crypto-currencies via guides, global studies relating to the legal issues of decentralised finance, for example, or detailed articles on how the world of the blockchain works.
If you are manual and prefer to trade yourself, interact with the DeFi protocols and take risks, then investing in CryptoSimple through the Prudent wallet could be a wise choice.
This way, you can build up capital on a Dollar Cost Averaging (DCA) basis, allowing you to see your cryptocurrency investments continue to grow over the long term regardless of market movements.
Although CryptoSimple is a CeFi player, and as such the app takes care of growing its customers’ investments, customers will really appreciate the fact that they can have a continuous eye on the evolution and status of their finances, the transparency is total.
Increased transparency thanks to its PSAN status, and optimised security thanks to the MPC standard provided by Fireblocks, total encryption of your data, as well as real-time monitoring of the entire CryptoSimple infrastructure.
Keep in mind, however, that the past performance of a portfolio cannot guarantee its future performance.
