Sometimes, trading can involve remedial, mundane tasks. Platforms like Coinrule are here to automate the trading process for you. This Coinrule review reveals how well this platform accomplishes its task and offers comparative analysis, contrasting Coinrule with other crypto trading automation platforms. Here’s what you need to know.
Coinrule
coinrule.io%22 loading="lazy" data-src="coinrule.html">- Coinrule
- Coinrule at a glance: Our overall rating
- What is Coinrule?
- Who is Coinrule for?
- How to sign up for Coinrule in 2024?
- Welcome offer/ bonus
- How does Coinrule compare to others?
- Features and tools from Coinrule
- Coinrule pros and cons
- What is the user experience like?
- Coinrule pricing
- Customer support
- How have we tested Coinrule?
- Regulatory compliance and safety
- Invest responsibly
- Happy customers, happy company
Coinrule at a glance: Our overall rating
While Coinrule certainly fulfills a niche in its respective market, it lacks an extended suite of features to set it apart from its competition. In terms of user experience and pricing, the automated trading bot platform’s offering is strong.
| Features | Pricing | Features | User experience | Customer support | Performance compared with competitors | BeInCrypto score |
| Score | 4/5 | 4/5 | 4/5 | 3/5 | 3/5 | 3.6 |
What is Coinrule?
Coinrule is a cryptocurrency trading platform that facilitates automated trading by sending trading instructions to various cryptocurrency exchanges. It was founded in 2018 by Gabriele Musella, Oleg Giberstein, and Zdeněk Höfler and is headquartered in London.
Coinrule is designed to enable users to create and execute trading strategies without the need for extensive coding knowledge. The platform’s primary focus is on trading bots.
Trading bots are automated algorithms that can buy or sell cryptocurrencies on behalf of users based on predefined rules and conditions. They can perform tasks such as dollar cost averaging (DCA), market orders, and arbitrage.
Did you know? The popular book “Flash Boys” was the first to uncover the world of automated trading bots via high-frequency trading.
In Flash Boys, Michael Lewis uncovers the world of high-frequency trading (HFT). HF traders use a combination of speed and asymmetric information to front-run (exploit?) other people’s orders to buy or sell an asset.
Michael Blau, programmer: Twitter
Who is Coinrule for?
Coinrule caters to a diverse range of users within the cryptocurrency trading community. For newcomers to the world of cryptocurrencies, Coinrule provides an accessible and user-friendly platform. However, experienced traders, with their specific criteria and trading strategies, will find Coinrule a valuable tool for streamlining their trading activities.
Additionally, both new and seasoned investors can leverage Coinrule’s features to automate investment decisions. Lastly, busy professionals who have limited time for active market monitoring can benefit from Coinrule’s automation features.
How to sign up for Coinrule in 2024?
1. Firstly, go to the Coinrule website and select “Sign Up.” You can sign up using third-party account verification (e.g. Google, Facebook, etc.), or you can enter your email and create a password.
2. If you choose to enter an email and a password, then you will receive an account verification code. Enter the code in the screen seen below.
3. Congratulations, you have created a Coinrule account.
Welcome offer/ bonus
While Coinrule does not have a formal bonus or rewards program, it offers a unique welcome package for early investors. By becoming an early-stage investor in Coinrule, you gain access to a range of exclusive privileges.
As an early investor, you have the opportunity to own a part of Coinrule. You also get to enjoy a complimentary three-month membership to the Hobbyist Plan, allowing you to utilize trading automation to its fullest extent during this period.
Lastly, you can gain access to Coinrule’s private investor community on Slack. Here, you’ll have the chance to engage with like-minded investors and directly contribute to shaping the platform’s future through your feedback and insights.
How does Coinrule compare to others?
Coinrule competes in the cryptocurrency trading automation landscape alongside several notable platforms, including Bitsgap, CryptoHero, and 3Commas. When comparing these platforms, a few key distinctions become evident.
Coinrule offers a range of pricing options, from a free plan to various subscription tiers, catering to a wide user base. However, when compared to its competitors, the platform is on the high end of pricing.
Moreover, Coinrule currently lacks a dedicated mobile app, while Bitsgap, CryptoHero, and 3Commas offer mobile applications for both Android and iOS users.
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Exchange integration is a pretty standard feature of automated trading platforms. In terms of supported exchanges, 3Commas beats Coinrule and most other platforms.
Coinrule supports a diverse range of over 80 cryptocurrencies and assets — a substantial selection. In contrast, Bitsgap boasts an extensive range of supported assets, exceeding 10,000, making it one of the most comprehensive.
In summary, Coinrule doesn’t stand out particularly obviously amongst its competitors, notably lacking a number of features. Although each platform has its unique strengths, Coinrule could benefit from some further optimization.
| Features | Coinrule | Bitsgap | CryptoHero | 3Commas |
| Pricing | Free, $29.99/month, $59.99/month, $449.99/month | $23/month, $55/month, $119/month | Free, $13.99/month, $29.99/month | Free, $22/month, $37/month, $74/month |
| App | No | Android/iOS, PC | Android/iOS, PC | Android/iOS |
| Exchange integration | 10+ | 10+ | Yes | 20+ |
| Supported assets | 80+ | 10,000+ | 175+ | 100+ |
| Paper/demo trading | Yes | Yes | Yes | Yes |
Features and tools from Coinrule
Coinrule offers a robust suite of tools and capabilities for cryptocurrency trading automation. Here are a few of the most prominent features that the platform offers.
- Algorithmic trading: The platform employs algorithms to facilitate automated cryptocurrency trading.
- Exchange compatibility: Coinrule integrates major cryptocurrency exchanges such as Binance, Coinbase, and KuCoin.
- Any coin scanner: Coinrule offers an “Any Coin Scanner” feature, which scans a wide range of cryptocurrencies, ensuring users stay informed about potential investment opportunities.
- Demo mode: Coinrule provides a risk-free demo mode for users to practice their strategies.
- Learning resources: The platform offers extensive educational resources, catering to traders of varying experience levels.
Coinrule pros and cons
As an automated trading platform, Coinrule naturally has strengths and advantages. Here are some of the most notable pros and cons of the platform.
Pros
- User-friendly interface: Coinrule provides a user-centric UI catering to beginners and experienced traders.
- Exchange compatibility: The platform offers extensive support for major cryptocurrency exchanges.
- Risk-free demo mode: Available for strategy testing, allowing users to practice and refine their trading strategies without real financial risk.
- Active community support: The platform fosters an active and engaged community through a unique Discord channel.
- Template strategies: Users can utilize pre-set templates to streamline their trading strategies.
Cons
- Lack of mobile app: Coinrule does not offer a dedicated mobile app, which could limit convenience for users who prefer mobile trading.
- Feature set: While Coinrule offers innovative features, it may not have as extensive a feature set as some of its trading bot competitors.
What is the user experience like?
Coinrule’s user experience is characterized by its intuitive interface, accessibility, and focus on simplifying cryptocurrency trading. Many customers cite how easy the platform is to use and learn on, even for beginners.
Customers also mention how effective the demo trading feature is and their success in implementing trading strategies via the platform. Many also mention how effective the platform is at lowering the barrier to entry.
Coinrule pricing
Coinrule has multiple tiers of pricing to accommodate its users. Naturally, if you pay yearly versus monthly, you can also enjoy discounts on each plan.
The Free Starter Plan includes two active and simulated rules, seven preset templates, connection to one exchange, and a maximum monthly trading volume of $3,000.
For the Hobbyist Plan, priced at $29.99 per month, you get access to seven live and practice rules, 40 pre-designed strategies, connections to three exchanges, and a cap of $300,000 on monthly trading volume.
The Trader Plan, available at $59.99 per month, offers more advanced features such as 15 live and 15 demo rules, unrestricted access to template strategies, connections to five exchanges, personalized coaching sessions, TradingView compatibility, and a monthly trading volume limit of $3 million.
For the Pro Plan, priced at $449.99 per month, you gain access to premium features, including 50 live and 50 practice rules, unlimited template strategies, unlimited exchange connections, no limit on monthly trading volume, personalized coaching sessions, TradingView integration, and a dedicated server for ultra-fast trade execution.
Customer support
Several users have expressed dissatisfaction with Coinrule’s customer service experience, citing issues such as slow response times, unresponsiveness to specific queries, and perceived lack of solutions to technical problems.
On the other hand, TrustPilot also shows a number of positive comments highlighting responsive and helpful customer service. Some users have praised Coinrule’s support team for their prompt responses, kindness, and effective assistance in resolving issues. They have described the customer service as “super responsive” and “outstanding.”
It’s clear that users hold mixed opinions about customer service, with some users having positive interactions and others encountering challenges.
How have we tested Coinrule?
In our research, our primary focus was to comprehensively dissect Coinrule’s features and capabilities, highlighting its flexibility to cater to various user needs. Here’s a few points we focused on:
- Support services review: We carried out an intensive review of Coinrule’s customer support, gauging the timeliness, reach, and efficacy of the solutions offered for user queries and concerns.
- Platform feature exploration: We undertook a thorough study of Coinrule’s fundamental platform utilities and attributes, focusing particularly on digital asset storage capabilities, tools dedicated to transaction tracking and reports, aspects related to cryptocurrency trading exchanges, and more.
- Documentation review: An examination of Coinrule’s documentation and user guides was conducted to assess their clarity, comprehensiveness, and accessibility to users.
- Overall assessment: Our comprehensive evaluation process aimed to provide a holistic assessment of the Coinrule platform, its support services, and tools.
Moreover, we delved into Coinrule’s standout utilities, utilizing a comparative methodology to position its offerings vis-à-vis other top-tier trading platforms.
Regulatory compliance and safety
While information regarding Coinrule’s regulatory compliance and safety measures might not have been publicly disclosed or could change over time, users interested in learning more about their stance on these matters are encouraged to visit the official Coinrule website for the most accurate and up-to-date details.
Invest responsibly
It is important to note that trading is inherently risky. Research suggests that 70% – 90% of traders lose money. Therefore, you should trade responsibly and never risk more than you can afford to lose. Readers should consider their own financial goals and obligations before making any investment decisions.
Happy customers, happy company
The conclusion of this Coinrule review is that the platform does what it is created to do. Coinrule is effective, and many customers are satisfied as a result. Yet, when compared to alternative platforms, the service falls short. This, however, does not mean that the platform is ineffective. With a risk-free demo mode, an intuitive interface, and extensive educational resources, the platform is a great accessory for beginner as well as more advanced traders.
Frequently asked questions
Yes, Coinrule is a functional cryptocurrency trading automation platform. It offers a user-friendly interface and supports integration with over 10 major cryptocurrency exchanges, providing access to a wide range of trading pairs. Users can practice and refine their strategies in a risk-free demo mode, making Coinrule a viable option for those looking to automate their cryptocurrency trading activities.
Coinrule is based in London, England. It is a cryptocurrency trading platform with its headquarters located in the United Kingdom. The platform was founded in 2018 and has since garnered recognition for its trading automation services and features in the cryptocurrency market.
The safety of cryptocurrency bots depends on various factors, including the specific bot used and how it’s configured. Some crypto bots are well-designed and reputable, offering security features to protect user accounts and funds. However, like any software, there are risks associated with using crypto bots, and users should exercise caution, conduct thorough research, and ensure they use reputable platforms to minimize potential risks.
Crypto trading bots can work effectively when properly configured and used in the right market conditions. They are designed to execute predefined trading strategies automatically, potentially saving time and reducing emotional trading decisions. However, their success depends on the quality of the strategy, market volatility, and the user’s understanding of the bot’s capabilities.
Gabriele Musella is the CEO and co-founder of Coinrule. Coinrule is based in London, U.K. It is a cryptocurrency trading automation platform that allows users to create and implement trading strategies based on predefined rules and conditions.
Coinrule emphasizes security measures to protect user accounts and assets, including API key encryption and secure connections to exchanges. However, like any online platform dealing with cryptocurrencies, there are inherent risks. Additionally, the effectiveness of trading bots depends on many factors. Users should limit their risk and exposure when engaging in any type of trading activities.
On Coinrule, users can trade a wide variety of cryptocurrencies and digital assets. The platform supports the trading of over 80 cryptocurrencies, allowing users to create and execute trading strategies for a diverse range of digital assets. This includes well-known cryptocurrencies like bitcoin (BTC), ethereum (ETH), and litecoin (LTC), as well as numerous altcoins and tokens available on supported exchanges.
Coinrule is available to users worldwide and is not limited to specific regions. As a cryptocurrency trading automation platform, it can be accessed and used by individuals and traders in Europe, the United Kingdom, the United States, and many other countries around the globe. Coinrule’s accessibility extends to a global user base interested in cryptocurrency trading and automation.
Coinrule does not have an official dedicated mobile app. Users primarily accessed Coinrule through web-based platforms on their desktop or mobile web browsers. Coinrule has not officially endorsed any mobile apps that may be available for the platform.
Yes, Coinrule offers a demo or paper trading account feature. This allows users to practice and test their trading strategies with virtual funds without the risk of using real money. The demo account is a valuable tool for both beginners and experienced traders.
Yes, Coinrule offers special promotions and bonuses to its users. These promotions may include limited-time offers, discounts on subscription plans, or incentives for referring new users to the platform. Users interested in availing such offers should regularly check Coinrule’s official website or promotional announcements for the most up-to-date information on any ongoing special deals or bonuses.
Coinrule’s customer support has received mixed feedback from users. While some users have praised the platform’s customer support as responsive and helpful, others have reported slow response times and difficulties in reaching a resolution for their issues.
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