Pricing
- Starter: Free
- Hobbyist: $29.99/mo ($359 billed annually)
- Trader: $59.99/mo ($719 billed annually)
- Pro: $449.99/mo ($5,399 billed annually)
Supported Exchanges
10+
Platform
Web Only
Education
No
Customer Service
Email:
Pros
- Create your own automatic trading rules or select from over 150 pre-existing rules.
- Backtest your strategie.
- Works with 10 or more popular exchanges.
- Free version available
Cons
- No mobile app
CoinRule Review
The possibility of profit in cryptocurrency trading is really exciting. However, the idea that you would need to continually keep an eye on the markets in order to maintain control of your trading strategy is less appealing.
Because of this, some traders are beginning to utilize automated trading programs. And among all of these tools, Coinrule is among the most powerful ones that are currently accessible. This tool allows cryptocurrency traders to maintain their trading strategy without being glued to their screens.
With Coinrule, you won’t need to know how to code in order to take benefit of its features, unlike with many other trading bots. To help you get the most out of your cryptocurrency trading, we’ve compiled this review of the Coinrule platform.
About Coinrule?
Coinrule was established in 2018 and is based in London, England. It is a trading platform for cryptocurrencies that is responsible for communicating automated trading orders to various exchanges. Because it integrates automation across 10 or more trading platforms, Coinrule is a more intelligent trading solution than other systems.
Who Should Use Coinrule?
In the world of cryptocurrency trading, Coinrule represents the future generation. Through the use of Coinrule, you are able to generate fully customizable trading rules, have access to 150 trading templates, and benefit from a wide variety of trading plans that are reasonably priced. If you are a beginner crypto trader, you may test your techniques with paper trading and backtesting.
Starter, Hobbyist, Trader, and Professional are the names of some of the several trading plans that are available. Each plan assists you in expanding your knowledge and capabilities, allowing you to become more proficient in cryptocurrency trading. If you want to trade digital currencies and learn how to do it with a high rate of success, this is a great place to start.
Is Coinrule Safe?
Coinrule is not an exchange; thus, it will never ask for withdrawal privileges and will never have access to any of your private keys.
Because of this, you won’t have to be concerned about Coinrule losing any of your cryptocurrency as a result of theft or loss. Whatever exchange you end up going with, you should still verify that it adheres to stringent safety measures when it comes to storing your data.
Coinrule is committed to maintaining a high level of website security despite the fact that it does not act as a custodian for any of its members cryptocurrency holdings. To keep your information safe, the company employs two-factor authentication, payment protection, and military-grade encryption.
Coinrule Platform & Features
Built-In Trading Strategies
Users have the option of using one of the platform’s 10,000 predefined strategies or developing their own “rules.” The ability to construct fully customized trading strategies is one of the many benefits offered by the platform, which is especially useful for high-frequency traders. Coinrule enables you to construct simple tools for configuring a variety of different trades, and you don’t need any prior experience with coding to do so. Considering that Coinrule isn’t actually a trading platform, you’ll need to pick your preferred exchange before you can backtest your trading strategy.
Directly from the Coinrule platform, these rules, which are often generated from technical indicators, may be used to trade cryptocurrencies. The rules may be altered to suit your needs, and you can formulate novel strategies based on your experiences. You may boost your profitability by putting your newly formulated trading guidelines to the test and tracking their performance.
Easy-to-use Automated Trading
Even if you have the time to keep up with the cryptocurrency market, it may still be worthwhile to let an automated program conduct the hard work of technical analysis on your behalf. This might save you a significant amount of time. Coinrule is able to keep an eye on the market and execute trades that are consistent with your strategy once you have set up trading rules.
Automated trading may be implemented in a number of ways, but Coinrule’s straightforward interface makes it particularly appealing. When it comes to setting up and implementing your trading rules, you won’t need to know anything about coding at all.
There is a wide variety of features available, ranging from straightforward “stop losses” to lengthy and intricate conditional statements.
Support for Popular Exchanges
The Coinrule platform is layered on top of the most important cryptocurrency exchanges, such as:
- Binance
- Coinbase
- OKX
- HitBTC
- Bitstamp
- Bitpanda
- Kraken
- Poloniex
- BitMEX
Coinrule Pricing
Coinrule’s pricing is structured into tiers for traders of varying experience, with the Starter, Hobbyist, Trader, and Pro plans catering to novice, intermediate, and expert investors, respectively.
The Starter plan is completely free. You get 2 demos and live rules, 1 exchange connection, 7 template strategies, unlimited paper trading, and the ability to trade up to $3,000 in cryptocurrency every month.
The monthly fee for the Hobbyist plan is $29,99. Up to 40 pre-made strategies are available, along with 7 live rules and demos, 2 exchange connections, and a user-friendly built-in forum for traders. Every month, you have a trading volume of up to $300,000.
The Trader plan costs $59,99 per month and provides access to 3 exchanges, 1-on-1 training, unlimited templates, 15 live rules and demos, and trading capabilities up to $3 million in digital currencies.
For $449,99 per month, the Pro plan includes 50 live rules and demos, unlimited templates/exchanges, a dedicated server, and $5 million in trades.
As your knowledge and experience with trading increases, you may progress through the various plans and into more advanced trading strategies.
How to Open An Account?
To get started with Coinrule, head on over to their website and pick out a subscription tier that suits your needs (Starter, Hobbyist, Trader, or Pro). Next, enter your email address and choose a password to set up your account.
After you’ve created your trading account, you may begin creating trading rules. Connecting Coinrule to one of the various exchanges is a prerequisite to putting the rules into action.
When you’re ready, Coinrule will take over your trading strategy and do all the hard work for you. However, you may always modify the ruleset in your Coinrule account.
In Conclusion
When it comes to trading cryptocurrencies, Coinrule is a fantastic site to use. You may hone your skills in cryptocurrency trading by simulating trades, developing trading strategies, and so on. Those that trade cryptocurrencies but don’t have the time or motivation to design and implement strategies might benefit from Coinrule’s services. Because the service will carry out your trading strategy on your behalf, you can keep trading without devoting all your time to it. Although the lack of a mobile app is now the biggest impediment to using Coinrule, the company is working hard to change that.
CoinRule Review Overall
Coinrule provides a robust platform for automated cryptocurrency trading with a focus on user-friendly design and extensive customization options. The ability to create custom trading rules without coding knowledge and the availability of a free version make it accessible to a wide range of traders. However, the lack of a mobile app and the trading bot commission on lower tiers are notable drawbacks. Overall, Coinrule is a solid choice for traders looking to automate their cryptocurrency trading strategies.
Pros
- Allows users to create their own automatic trading rules or select from over 150 pre-existing rules.
- Users can backtest their strategies before implementing them.
- Works with 10 or more popular exchanges.
Cons
- The platform is only accessible via the web.
- Lower tiers incur a trading bot commission.
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