Coinrule is on a mission to make crypto trading easier by providing traders with ready-made strategies, indicators, and templates to create their own rules. It also seeks to empower users to compete with professional algorithmic traders and hedge funds.
Here are the main features of the bot:
- It looks for trading opportunities 24/7 on your behalf.
- The dev offers a risk management system to help traders mitigate the general risk of their positions.
- The system alows you to backtest your strategies to gauge their efficiency.
- It lets you build rules on numerous exchanges and across thousands of coins.
Coinrule: pros and cons
|A free plan is available||Paid plans are expensive|
|Support for popular exchanges|
|Positive feedback from users|
|Offers multiple strategies|
What is Coinrule?
Coinrule is a platform that provides automated trading strategies along with 150+ rules to aid you in trading crypto coins. The strategies then send automated trading instructions to your preferred exchanges, such as Coinbase Pro, Kraken, Binance, etc.
|Price:||Starter: FreeHobbyist: $39.99/month or $359 yearlyTrader: $79.99/month or $719 annually Pro: $499.99/month or $5399 annually|
|Deposit option:||Credit card, LTC, BTC, ETH, DAI, and USDC (ERC-20)|
|Supported exchanges:||Binance, Bitpanda Pro, Kraken, Coinbase Pro, Okex, Bitfinex, HitBTC, Liquid, Bitstamp, and BitMex|
|Free trial period:||Yes|
|Multiple currency support:||Yes|
How does it work?
According to the vendor, Coinrule works by zealously seeking efficient market indicators to enable the user to allocate funds to the crypto market smartly. As a result, traders never miss a rally or get caught in a dip.
Pricing and fees
Coinrule includes three payable plans, which can be paid monthly or yearly. The annual plan allows you to save up to 25% of your money. The monthly packages, namely Hobbyist, Trader, and Pro, will cost you $29.99/month, $59.99/month, or $499.99/month, respectively. We also have a Starter plan that is free. Some of the features offered include live/demo rules, template strategies, leverage strategies, advanced indicators and operators, TradingView integration, etc. The platform will not ask you to pay any trading fees, but the exchange you are using might.
Privacy and security
Your money is safe with Coinrule as it only places trades on your behalf but cannot access it at any time. The platform encrypts and stores each API key separately for every user to enhance your security. Also, API keys do not have withdrawal rights so no one can withdraw your funds without your approval. Cloudflare CDN is used as an extra measure of protection against DDoS and other attacks. Furthermore, you are advised to enable 2-factor authentication for more security.
The bot is reliable as it can trade faster and more efficiently than manual trading.
How to start trading using Coinrule
To begin trading with Coinrule is as easy as ABC. Follow these few steps:
- Find the “Get Started” button on the official website and press on it
- You will then be asked to provide your email address and password
- Acquire the code sent to your email and fill it in the applicable space
- Press on “create account”
- Log in to your new account, link your chosen exchange, and start creating rules
Who is Coinrule suitable for?
Traders who want to trade with numerous strategies and indicators might find this system useful. As aforementioned, the platform provides over 150 templates to help traders create their own trading rules based on popular indicators. Even better, the team adds new indicators each week.
A help center, knowledge base, FAQ page, email address, and a live chat are all available to answer any questions you might have regarding the service. Following the company on Instagram, YouTube, Twitter, and Facebook might also be worthwhile. You will remain updated on the product’s latest offerings and capitalize on them to enhance your trading outcomes.
The trading community seems to love this tool. There are 70 customer reviews relating to this bot on Trustpilot, and a majority of them are positive. According to some clients, the platform offers many opportunities to make profits and provides excellent customer service. However, a disgruntled trader warns beginners to be wary of the product because they will lose money with it. Apparently, the system only makes profits in demo mode, not in the real market.
Coinrule review verdict
Coinrule can make your trading in the crypto market easier, faster, and hassle-free through its automated strategies. You also won’t have to monitor the market as it will do that for you 24/7. But the costs of the bot’s paid plans are high. Even worse, your chosen exchange may continue asking you to pay fees for each trade executed. This will have a negative impact on your balance.
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