Coinrule provides an effective arsenal to crypto traders enabling them to operate as successfully as professional traders and hedge funds. As per the vendor, you do not need coding experience to use the system. This platform specializes in creating rules written on popular indicators. The vendor claims that the rules help to manage volatility and boost your profits.
What is Coinrule?
The platform is designed as a user-friendly interface that newbies and seasoned traders would find convenient and effective. It consists of a diverse range of strategies and automation that enables you to backtest the chosen rules and approaches before you launch them.
Features of the Coinrule platform
Important features of the platform as per the vendor are:
- It works with more than 10 popular exchanges.
- The service uses military-grade security and encryption.
- You can create automated trading rules round the clock to avail every trading opportunity.
- The platform searches for effective indicators that help in smart fund allocation while you retain control over the process.
- You can select from more than 150 rules on the platform or create your own rules.
How does the Coinrule bot operate?
The service allows you to configure automated trading approaches using the If-This-Then-That methods which do not need coding skills. You will have safe and streamlined portfolio management with the rules working 24/7 to keep them functioning flawlessly. Backtesting the methods is also possible before you deploy them. In short, the platform provides a convenient environment for implementing various approaches that help you achieve successful results.
Here are the steps needed to get started with the bots:
Step 1: Account creation
Visit the official site and click on the get started option present in the top right corner. Enter your email address and create a password for account creation. You will receive the login details via email and using the details log in to your account.
Step 2: Choose a package
Under the pricing section, choose from the packages available.
Step 3: Install the software
Step 4: Use the video tutorials and knowledge base to configure the bot
Step 5: Set the rules and create your strategy. Backtest them before you use them to trade on autopilot on the exchange of your choice
Is it easy to use Coinrule?
The website design is user-friendly with separate sections present for the pricing, blog, FAQ, and more. However, the use of rules can be a bit complicated for newbie traders.
Coinrule fees, commissions, limits, and payment options
Pricing options include a free starter package, a hobbyist ($29.99/month), a Trader ($59.99/month), and the Pro package which costs $499.99/month. Live and demo rules, template strategies, exchanges, trade volume, notification via text and Telegram, etc. are some of the features included in the package. They differ in the number of rules, strategies, and exchanges offered. When compared with competitor rates, we find the pricing is expensive.
The platform does not request withdrawal rights or private keys and is for enabling an automated trading process only.
How much should you deposit to start trading with Coinrule?
The vendor does not provide info on the lower limit of deposit you can use for starting trading with the automated platform.
Partnered exchanges and brokers
As per the vendor, the service integrates with more than 10 exchanges such as:
- Bitpanda Por
- Coinbase pro
Is it beginner-friendly?
The website has a beginner-friendly interface and the vendor provides FAQs, tutorials, and a blog for ensuring new users find it easy to use the service.
Is it a profitable system?
We could not find performance proof for analyzing the efficacy of the rules and the automated trading. The lack of a verified track record prevents us from finding out about the profitability of the system.
Security & regulation
According to the vendor, military-grade security is used which consists of encrypted API keys which are stored on a separate database that is fully encrypted. The company also uses data encryption in transit and Cloudflare CDN for protection from DDoS and other such attacks.
As per the vendor, the team consists of crypto and blockchain enthusiasts with expertise in UX design, tech, and banking. Gabriele Musella, Oleg Giberstein, and Adenek Hofler are the founding members of the company. The team has created the platform in the past two years to ensure greater decentralization of power and wealth.
Should you trade with Coinrule?
The platform assures efficient and profitable trading with its automated processes and effective rules. However, the lack of performance proof and the expensive packages are downsides that you need to consider.