Coinrule is an easy-to-use automated crypto trading bot that caters to both new and experienced crypto traders. Launched in 2018, the platform is based out of the United Kingdom and operates 24/7, enabling users to actually maximize the profits they can easily make from crypto trading. The platform provides a vast collection of tools for its users, whether they have any idea about which trading strategies they want to actually use or even choose from over 150 available trading templates.
Today, we are here to review the Coinrule platform – hopefully, it will help you determine if the platform is right for you.
| Pros | Cons |
| Comes with a solid interface that works pretty well for new users of crypto trading bots. | Doesn’t have as many features as other competing trading bots. |
| Thanks to the concept of free sign-up, users can get started without any risk. | The highest tier is highly expensive. |
| Compatible with Kraken, Coinbase, and Binance. |
Getting Started With Coinrule:
Coinrule is very easy to use, even for beginners. They provide easy, if-then parameters that make it very easy for you to set up a trading strategy for your crypto bots, and if you are not sure of what strategy you actually want to use, you can select from the platform’s trading templates.
The total number of rules that you can use, the total number of exchanges you can connect to, your trade volume, and the total available trading templates you actually have access to depend on your account plan/type, of which Coinrule has four.
1. Starter (Free):
- 2 Demo Rules, Live Rules.
- Connected Exchange.
- Upto 5k dollars Monthly Trade Volume.
- Template Strategies.
2. Hobbyist ($29.99/Month):
- 7 Demo Rules, Live Rules.
- Connected Exchanges.
- Upto 50k dollars Monthly Trade Volume.
- Template Strategies.
- Advanced Indicators.
- Text + Telegram Notifications.
- Free access to a community of Trades.
3. Trader ($59.99/Month):
- 15 Demo Rules, 15 Live Rules.
- 3 Connected Exchanges.
- Upto 50k dollars Monthly Trade Volume.
- Upto 500k dollars Monthly Trade Volume.
- Unlimited Template Strategies
- Text + Telegram Notifications.
- Advanced Indicators.
- One-to-one Training Sessions.
4. Pro ($449.99/Month):
- 50 Demo Rules, 50 Live Rules.
- Unlimited Exchanges.
- Unlimited Template Strategies.
- Text + Telegram Notifications.
- Advanced Indicators.
- Ultra-Fast Execution.
- Dedicated Server.
- Upto 3 million dollars Monthly Trade Volume.
- One-to-one Training Sessions.
Available Exchanges:
This Coinrule review will be incomplete if we don’t touch upon the available exchanges on the platform.
Once you have selected the pricing plan and created your account, you will have to connect to a crypto exchange with API keys located on your exchange account. After creating your API Keys, you will have to return to the dashboard of the platform and enter the much-needed API information.
Currently, Coinrule supports the exchanges mentioned below.
- Poloniex,
- Liquid,
- Kraken,
- HitBTC,
- Coinbase Pro,
- Bittrex,
- Bitstamp,
- Bitpanda Pro,
- BitMEX,
- Binance US,
- Binance, and
- Bitfinex.
Choose/Create Your Own Set Of Rules On Coinrule:
Once you have connected to any of the above-mentioned exchanges, start creating your trading strategies for crypto trading. Coin rule provides a pleasant experience for users that makes the effect of the parameter you select very obvious.
This makes developing your very own strategy straightforward, even if it is meant for beginners. After selecting your parameters, any tab located on the page’s top-right corner summarizes the different market conditions that your own set of rules will actually follow.
Once you actually verify the strategy, you can easily launch your crypto bot, and it will immediately start trading in real time. Of course, you can always select a proven crypto trading template that any professional trader has actually tried and tested instead of developing your own strategy.
The Features Of Coinrule:
The Coinrule bot has several features that make it one of the best crypto trading bot platforms in the market today. So, without wasting time, let’s check out the top features of Coinrule!
1. User Experience:
Coinrule caters to both professionals and beginners. The company’s mission is to enable everyone to actually compete with hedge funds and professional algorithmic traders.
This is possible because the platform focuses on product usability in the basic form of an interface that is intuitive and step-by-step development of a strategy that doesn’t include any complicated terminology.
This means a beginner can easily create a plan while a professional can work on a strategy in their own way. If the user wishes, then they can use a template simply instead of creating their own set of rules.
2. Security:
Is Coinrule legit? Let’s find out!
Coinrule is very clear in terms of its security measures for protecting its users. The API keys of all users are encrypted with advanced security protocols. Plus, the private keys of all users are stored on an encrypted and segregated data storage.
Additionally, the API keys connecting your Coinrule account with your exchange account don’t enable withdrawal rights. This means that even if data gets hacked, the funds located on the exchange cannot actually be withdrawn with those pieces of information.
3. Trading Strategies:
Apart from the trading strategies templates that Coinrule provides, the platform also sends out regular emails accompanied by free trading signals to help users adjust to their strategies, creating their own set of rules in the process.
The available templated offers users with the strategies that are being used across the whole trading bot landscape, including rebalancing, price-based accumulation, buying the dip, stop loss, and more. Also, the templates that are available to you are all dependent on the pricing plans you pick.
However, you will be free to create a strategy mimicking any of the templates if you are willing to do research and accordingly build your very own set of trading rules.
At this time, you will not be able to actually backtest on the platform. But you can actually use their already built-in Demo exchange. In that case, the trader can actually test their rules with the help of a virtual allocation in real-time, seeing how the strategy would be actually performed on the real market.
The Demo exchange actually uses costs that directly come from Binance to improve the basic reliability of the reported performances.
And It’s A Wrap!
With the option of a free account, Coinrule is definitely worth your time if you want to see how the platform actually works. If you do find it to suit your trading needs, you can always upgrade your pricing plan and connect to a greater number of exchanges, thereby getting access to relatively more powerful trading tools.
The other trading bots that you need to check out are as follows,
So, tell us, what are your thoughts on Coinrule? And if you have already been on the platform, feel free to share your experiences with us in the comments below.
Additional Reading:
