What Is Coinrule ?
Coinrule is the smart trading bot for cryptocurrency platforms, allowing you to take full control of your crypto trading while being able to fight back hedge funds with automated bots. It was established in 2017 and has its main office in London. They developers identify themselves as “blockchain and cryptocurrency aficionados who discovered that trading cryptocurrencies is unreasonably hard.”
With this issue in mind, Coinrule set out to simplify cryptocurrency trading. In essence, this resulted in the development of an automated trading platform that can securely interact with a variety of exchanges.
It’s the intention to make it simple for you to put your bitcoin trading on autopilot by offering a convenient experience. And it appears that the service fulfils this admirable promise. The startup raised more than £500,000 ($700,000) in December 2020 on Seedrs, surpassing its goal by more than 200%.
Coinrule Review Key Points
| Key | Points |
|---|---|
| Bot Name | Coinrule |
| Founding Year | N/A |
| Starting Price | $39.99 |
| Free Trial | Yes Available |
| Device Supported | Mobile , Desktop |
| Cloud Based | Yes |
| Customer Support | Email, User Guide Document, & Contact Form Support |
| Payment Options | Cryptocurrency |
| Affiliate Program | Available |
| Official Website | https://coinrule.com/ |
What is Price Of Coinrule ?
Coinrule is a trading bot which is available for purchase. Prices vary depending on the version of Coinrule purchased and the exchange it is being used on, but typically range from Free to 29.99$ Mo. With Coinrule you can easily develop your own trading strategies and set them up to run automatically on your favourite exchange.
How To Open A Coinrule Crypto Bot Account
To open a Coinrule account, you will need to first visit the Coinrule website and create a user account. Once your user account is created, you will be able to purchase and activate the Coinrule software. After your purchase is complete, the Coinrule software will be available for download and installation.
Once the software is installed, you can create a Coinrule trading account and begin trading in the cryptocurrency markets.
How To Use Coinrule Trading Bot?
Coinrule is one of the most robust of these tools available today. It helps traders stick to a cryptocurrency strategy without having to constantly stare at their computers. Unlike many trading bots, you won’t need any coding experience to take advantage of what Coinrule has to offer.
Is Coinrule safe?
There are several encryptions used to keep the platform secure. Coinrule stores API keys with 256bit AES encryption, which are encrypted with dedicated private keys generated separately for each user. The keys are further stored on detached data storage which is also encrypted with AES-256.
Communication between the web app database/cache nodes is encrypted using TLS 1.2 or higher. They also add Cloudflare CDN as another layer of protection against DDoS and other attacks to ensure that the platform is safe for users.
Perhaps most importantly, Coinrule does not handle your crypto assets. Instead, it integrates with a select number of crypto exchanges. Their bots push trades via an API integration to the crypto exchange, where your assets are stored and then executed.
Coinrule Pro Or Cons
| PRO | CONS |
|---|---|
| Easy to Use Platform | New Platform Still Establishing Itself |
| Integrates With Many Top Exchanges | No Mobile App |
| Transparent Core Team | |
| Good Range of Pricing Plans |
Features Of Coinrule
Technology
The platform works via API integrations with over 10 supported exchanges and the team highlight that all orders are sent to the market with minimum latency time. Orders normally take around 500 Milliseconds to reach the market, and Coinrule also makes use of SMS notifications, and data encryption to enhance its service.
Crypto Payments Accepted
They are committed both to crypto traders and the wider Blockchain community as we believe in the possibilities that the technology brings for a greater decentralization of wealth and power, a more open internet, and much more beyond.
Supported Exchanges
Coinrule works with Binance, Coinbase Pro, OkEx, HitBTC, Bitstamp, Bitpanda pro, Kraken, Poloniex, and BitMEX. There may be plans to add more exchanges in the future.
Range of Tools
The platform incorporates an easy to use, modular rule configuration system which works via simple If/Then prompts. Popular trading strategies such as stop-loss, take profit, and buy the dip/breakout can be used to make the most of contrarian, maximization, and accumulation methods.
Customer Support
The Help Center contains a number of useful guides and resources which are also supplemented by the official blog. The team also tackle common questions in their FAQ section, and can be contacted by live chat, email, or by connecting via Facebook or Twitter.
The Best Coinrule Alternatives
The best alternatives to Coinrule are:
- TradingView: A social platform for traders with advanced charting and trading automation tools.
- 3Commas: A platform for trading automation, portfolio management and signal copying.
- Gunbot: An open source software for automated crypto trading that offers customization and backtesting.
- CryptoTrader.Tax: A platform for managing crypto taxes with support for automated trading bots and multiple exchanges.
- Shrimpy: A portfolio management and trading automation platform that supports multiple exchanges and assets.
Coinrule FAQ
Are Exchange Fees Paid On The Demo Exchange Included In The Profit Calculation?
No, exchange fees are not included in the profit calculation for the Demo Exchange. Exchange fees can vary based on your trading volume so including them in the Demo Exchange P&L would be misleading
How Does Volume Work In Rule Creation?
Volume and Marketcap indicators use market updates from Coingecko. Once the rule has started, Coinrule gets an initial snapshot of the data for the indicators. Every few seconds, a new data snapshot will be compared to the initial snapshot. If the condition is met during any check within 5 minutes, the rule will execute. If the condition is not met within 5 minutes, the initial snapshot will be replaced with the current snapshot every 5 minutes.
What Is Best Performing Coin?
Best performing coin is the coin that had the highest price increase in the most recent 1 Day candle compared to the previous 1 Day candle as per TradingView. This is by definition always 1 specific coin. 24h later this will most likely be another coin.