Coinrule is a leading automated trading bot platform that enables users to automate their crypto trades. The most profitable trade involves purchasing low and selling for a higher price. People need to be highly engaged in the market, which makes it tough to produce profits in time. Thus, the use of crypto trading bots by professionals and beginners is on the rise.
Coinrule automatic trading rules are based on objective criteria that you define yourself. This Coinrule Review will show you how the platform helps you trade cryptos profitably and easily.
Quick Coinrule Review
Coinrule pros and cons
What is coinrule?
Coinrule is a smart trading bot for crypto platforms that allows you to take complete control of your cryptocurrency trading while fighting hedge funds with bots. It encourages crypto traders to stay competitive with professional algorithmic traders and hedge funds. Also, there is no coding required.
A group of blockchain and cryptocurrency enthusiasts founded Coinrule intending to make digital trading currencies smoother.
The idea was to create automated trade platforms that could be fully integrated. Thus, the coinrule lets crypto users trade on Autopilot. The service appears to be meeting these high expectations.
Coinrule is available in English, Spanish, French, German, Italian, Portuguese, Russian, and Chinese. It supports major cryptocurrency exchanges such as Binance, Kraken, Coinbase Pro, and Bitfinex. Now let's dig deep into this Coinrule review.
How Coinrule works?
The platform provides an easy-to-use interface that makes it perfect for beginners. Coinrule also offers advanced features for more experienced traders.
Trading with bots enables users to execute trade orders on behalf of a trading system. They may use an exchange-wide API. API connects two or more computer interfaces, allowing user communication and command execution. Binance is a top trading platform and is API-enabled. Users can use an API to trade without logging into their Binance account.
Guide to Coinrule sign up
In this section of our Coinrule review, we will go over the easy steps to set up your account and begin using the service.
How do I open an account?
It's actually quite simple:
Step 1) Enter your email address on the Coinrule homepage and click "Get Started."
Step 2) Now, create a password. Please make sure it's a strong one!
Step 3) Finally, click the "Create my account" button.
Step 4) You will be redirected to your Coinrule dashboard, where you can set your trading goals!
Step 5) Next, select your trading experience level. Coinrule offers 3 different modes: Beginner, Intermediate, and Expert.
Step 6) Then select your favorite coins you would automate trading for.
Step 7) Now move to the next step, Coinrule will then generate a trading plan for you based on your choices, or you can create your own.
Step 8) Select the exchanges you want to trade on or try a demo exchange. You can pick from a list of exchanges, including Binance, Coinbase Pro, Kraken, Bitfinex, Kucoin, and more.
Step 9) Lastly, all you need to do is activate your Coinrule plan and start trading!
If you want any more help on how to connect to an exchange account or anything else, do check out Advice and answers from the Coinrule Team.
Now that you know how to sign up for Coinrule, let's move on with the supported exchanges available in this Coinrule review.
Coinrule offers integrations with the most popular exchanges that include;
Coinrule Pricing and packages
Now let's talk about the pricing in this Coinrule review. Despite being free, the starting coinrule account options are limited, with only 1 connected cryptocurrency exchange, whereas Hobbyist plans cost $29.99 per month and include access to 3 connected exchanges.
Several investors who use multiple trading platforms, especially those who follow active trading practices, choose between the Trader and PRO subscriptions, which include more possibilities, such as unlimited exchanges, advanced indicators, templates, 50 live and demo rules, and much more.
Coinrule Main Features
Coinrule is a powerful and smart crypto trading platform that lets you set up automated trades on multiple exchanges in minutes.
Now that we have learned Coinrule sign-up process, let's move on with the wide range of features it offers in this Coinrule review;
Great user experience
We observed during the Coinrule Review the fact that it has the best user experience in its category is a plus. The platform is very intuitive, so anyone can start trading cryptos right away. Coinrule has many features that appeal to people who have traded cryptos. These include setting up complex rules and conditions for trades and having access to detailed market data.
Coinrule is a web-based service. The team chose a clean, simple style that appeals to traders of all levels. The platform includes a rule builder that allows you to construct trading strategies and backtest them. Trading "rules" can be implemented by anyone without the need for coding. Coinrule also provides a robust API for integrating with third-party services.
Coinrule is designed with the most up-to-date technology. It lets Coinrule offer a service that is quick, reliable, and safe. The team has also added many security features to your account, like 2-factor authentication, to make it safer.
The platform works with more than ten exchanges through API interfaces. The team is very clear that all orders are sent to the market as quickly as possible. The average time for an order to reach the market is 500 milliseconds. Coinrule uses SMS messages and data encryption to improve its service.
Range of Tools
Coinrule has various features and tools that can help you trade effectively. Among them is a trading functionality that can be adjusted, many indicators and charts, and different types of orders. Coinrule also lets you use a "demo account" to try out your trading strategies before you risk real money.
The platform has an If/Then framework for setting up rules in a modular way. Stop-loss, take-profit, and buy-the-dip/breakout are all common trading strategies that can be used to improve contrarian, maximization, and buildup strategies.
While undergoing the Coinrule Review, we also noticed that if you wish to trade manually, you can use the built-in trading tools. You can backtest your trading strategies on historical data before implementing them in the live market.
When you automate your crypto trading strategies, you can set up rules and conditions, and the bot executes them automatically. It is a useful feature for skilled traders.
Coinrule supports all popular trading strategies, such as scalping, DCA, and grid bots. Unlimited coinrule trading strategies are very useful. Even if you don't know the complicated trading language, you can effortlessly use the UI. The trading templates also make it easy for users to create a bot shortly after the first login.
Create/Choose Your Rules
You can use Coinrule's built-in rules to automate your trading or make your own trading rules. Technical indicators like support and resistance levels, candlestick patterns, and moving averages are used to make these rules. Users can set up complex trading rules that depend on a number of factors. Using the editor, you can make almost any kind of trading system.
Coinrule uses cutting-edge security measures to protect user data. Coinrule doesn't have access to your money or private keys. All transactions are made directly on the exchange through Coinrule's interface.
The Coinrule employs two-factor authentication, payment protection, and military-grade encryption to keep your info safe. The team does not save user password information.
All registered user accounts are established with their private keys, which are kept separate and encrypted with AES256. The team encrypted all API keys with 256 Bit AES and employed encrypted transit. Coinrule's Authorization Gateway also makes use of Ukey1.
Range of Plans
Coinrule offers different plans to meet the needs of various traders. There are free plans with minimal features and paid plans with more advanced features.
Sign up for Coinrule for a Starter account to access the service for free, while the Hobbyist plan costs $29.99 per month. The Pro package costs $249.99 per month and includes 50 live/demo rules, unlimited template strategies, and integrated crypto exchanges.
Coinrule offers impressive customer service via a knowledge base, FAQ section, and email. The team is responsive and friendly, and they provide a wealth of resources to assist you in making the most of the platform.
The Help Center includes various helpful instructions and tools supported by the official blog. The crew also answers frequently asked questions in their FAQ and may be reached via live chat, email, or social media.
Overall, Coinrule is an excellent platform for those who are looking for a wide range of features and tools to help them trade effectively.
10 Tips for using Coinrule for crypto trading
Now in this Coinrule review, we'll take a look at some of the tips on how to use it to your benefit and get the most out of Coinrule:
1) Use Coinrule's price alerts feature to spot trading opportunities.
2) Take advantage of Coinrule's automated trading features to save time and effort.
3) Stay up-to-date on the latest crypto market news by following Coinrule's blog.
4) Keep an eye on your portfolio's performance with portfolio tracking tool.
5) Use Coinrule's risk management features to protect your investments.
6) Get support from Coinrule's team of experts if you need help.
7) Take advantage of Referral Program to earn some extra income.
8) Stay informed about the latest features and updates by following Coinrule on social media.
10) Do use demo features to test out before using them with real money.
By following these tips, you'll be able to make the most out of Coinrule and maximize your profits from cryptocurrency trading. So don't wait any longer. Sign up for Coinrule today and start reaping the benefits. Have fun, and enjoy your experience with Coinrule!
How does Coinrule compare with other trading bots?
It's not just Coinrule that can automatically trade cryptocurrencies; there are other good options too.
Coinrule vs Cryptohopper
In addition to being the best automatic bot platform in the trading industry, the firm is also a real challenger of Cryptohopper. They both do similar things, but their prices and the number of exchanges they can handle differ.
Is Coinrule safe to use?
Coinrule is a trustworthy and secure platform. As Coinrule is not an exchange, it will not have access to your private keys and will never request withdrawal rights. It means you won't have to worry about Coinrule losing any of your cryptos due to theft or loss. It protects your data using cutting-edge security technology. Still, you should ensure that whatever exchange you use has high storage security standards.
Is Coinrule beginner friendly?
Coinrule delivers a simple automated trading system that you can access from any pc at any time. Unlike other trading software, Coinrule is designed primarily for beginners and is uncomplicated to use. It has an intuitive layout that allows anyone to stay updated with their activities.
Rules can be readily defined by defining a single parameter, "If," allowing you to start a new project quickly. While the modular architecture allows you to modify any rule, you establish as well as any template strategy you want to change or add.
The Bottom Line
In this Coinrule Review, we discovered that Coinrule is a safe and secure platform that is beginner-friendly and easy to use. It has an extensive range of features and tools that can be used to trade cryptocurrencies effectively. We also learned the main features and the coinrule sign-up process. It is excellent for those who want to get into crypto trading but don't have much expertise or time to do it manually.
It's also great for experienced traders who want to take advantage of Coinrule's automated trading features to save time and effort. So if you're looking for a reliable and user-friendly trading bot, Coinrule is a great choice.
To that end, we really hope you found our Coinrule review to be informative. Do share your views in the section below.