What is Coinrule?
Coinrule is a new-gen crypto trading bot that allows traders to use customizable strategies to make successful trades. We all know how risky crypto trading can be, due to the high volatility of the industry. Not only that but many crypto traders lose their initial investments or even entire equity when trading without an executable strategy. To help those traders, Coinrule offers plans that will fit different users’ budget and monthly trading volume. Whether you are an experienced trader or a complete newbie, your trading journey can be easier and more successful if you use the Coinrule trading bot the right way.
The company was started in 2017, and it is currently based in England. It works by allowing users to pair the trading bot with some of the most popular crypto exchanges. There are hundreds of trading templates to choose from. The signup process is effortless and quick—you can get started within seconds. There are no country restrictions or strict privacy regulations, so users can simply start using Coinrule’s services right away.
Our Overall Thoughts on Coinrule
Coinrule was created to enhance the trading experience and give exposure to traders that could lead to successful trading careers. With all the tools, opportunities and features Coinrule provides, you can definitely trade in a better way, with automation and precision. However, choosing just any strategy that Coinrule offers is no guarantee of success. Even with the proper tools, you need a deep understanding of the market for the strategies to work. But if you have evaluated the market and know how the strategies work, you can make a fortune through crypto trading with Coinrule’s help.
The plans that the platform offers come at different price ranges. Each plan includes several strategies, a demo exchange, indicators, operators, dashboards, tutorials and other beneficial tools. In my perspective, the following are the best tools:
1) Unlimited strategy templates: If you buy a second-level plan, you can use an unlimited number of strategy templates on Coinrule, which allows you to experiment with as many modules as you want. You can also create your own.
2) Dashboard and analytics: Coinrule provides users with a detailed dashboard that offers analytics about their trades. Keep track of profit, loss and other essentials in one place. You can also easily set up exchanges and create rules through the dashboard.
3) Tutorials and webinars: If you have doubts about automated trading, then Coinrule has tutorials and webinars to alleviate your concerns. You can learn everything from scratch and start trading in no time.
Key Features and Advantages of Coinrule
The concept of bot trading has emerged due to the rise in crypto trading all over the world. Traders have started to look for methods, strategies and tools that could help them have a better success rate. Platforms and bots like Coinrule definitely help.
Coinrule is no simple crypto trading bot. The platform offers different plans, including a free one, tons of strategy templates, an easy setup process, quick integration and advanced indicators and operators. Keep reading to find out exactly what Coinrule offers.
Negatives and Disadvantages of Coinrule
There is no doubt that Coinrule has great perks, but no platform is absolutely flawless. Listed below are the negatives and disadvantages you should keep in mind before joining.
What Services Does Coinrule Offer?
Many crypto trading bots offer different services to traders, but Coinrule provides the absolute best. Whether you opt for the free plan with limited services or a paid plan with unlimited options, Coinrule can enhance your trading experience with the potential to trade more and earn more.
The platform’s services include a variety of advantageous benefits, including several strategy templates, live demos, easy exchange connections and detailed analytics. To learn more about these and the other services Coinrule offers, see below.
Several account plans: Coinrule does not restrict users to a single subscription plan. Instead, users get the chance to explore different accounts and then choose the best fit for them.
For starters, you can try out the free account, which comes with very limited features and functions. Exploring the free account can help you understand how the whole Coinrule system works and how to use bot trading. From there you can move to a paid plan and get the most of the platform’s services.
There are three paid plans to accommodate users with different requirements and trading volumes. The plans start at a few bucks per month and can go all the way to hundreds of dollars per month. The higher the plan, the better services and features. Be sure to compare the plans before choosing one.
Tons of strategy templates: Strategy templates are defined sets of rules that work according to the given instructions and produce results based on those instructions. These templates are the core of Coinrule bot trading. Without template rules, you cannot execute trades, because there will be no plan on which the bot can act to open trades.
The number of available templates depends on which account you have. While the free plan offers only seven templates, the Trader and Pro plans offer unlimited template strategies. You can even try out different strategies on demo exchanges before investing money into trading with them.
Demo exchange: Coinrule connects users to a demo exchange on which they can practice their bot’s rules, so they can understand how bot trading works and how they might need to adjust their strategies. The demo exchange doesn’t use real funds, as everything is performed with paper balances. Coinrule has specifically added these features to help new users learn bot trading in a practical way.
Traders can use the prebuilt strategies or experiment with their own rules. If everything is going well and you think you have found the perfect strategy, you can go ahead and integrate those rules on a live exchange. But it is a good idea to spend a few days, or at least a few hours, playing with the demo exchange to see if your strategies are working first.
Supports popular crypto exchanges: Of course, bot trading doesn’t work unless you can connect the bot to an exchange where you can execute your trades. Coinrule supports almost every popular cryptocurrency exchange. To give you an idea of what exchanges Coinrule supports, see the list below:
These are just a few of the exchanges that Coinrule supports. If the exchange you use isn’t listed above, check the Coinrule website to see if it is available. In the unfortunate scenario where your exchange is not supported, you can submit a request for Coinrule to add it to the list. One thing to note is that some of the exchanges Coinrule supports offer leverage trading, which is a great feature if you want to play hard and increase your potential multiple folds.
Advanced indicators and operators: Due to the high volatility of the crypto industry, many traders consider crypto trading quite risky compared to other markets. But you can actually lower the risk if you take the right precautions and execute trades only after considering all the possibilities. Indicators and operators can help you out with that!
Indicators and operators let you know what to expect in the near future. As the indicators Coinrule offers are quite advanced, you can expect accurate and precise info from them. However, they are not guaranteed to offer you accurate predictions, so it is best to do your own evaluations as well.
Easy to get started: Getting started with Coinrule is not rocket science. The platform does not ask for personal details that you have to think twice about before providing. There is no verification process at all, and in fact the only thing you need is an authentic email address, and you are good to go.
After users sign up and verify their emails, they are redirected to their dashboard, where they can manage everything about their bots. Even the plan-buying process is effortless, and you can change your account plan within seconds, because Coinrule accepts credit and debit cards and crypto transfers.
Impressive dashboard with analytics: It’s hard to keep your bots in check and view results without a proper dashboard. Luckily, Coinrule offers an impressive and detailed dashboard with several features. Users can take a brief look at their analytics to see how different bots and strategies have performed over time and which template has given them the best results.
The dashboard is also where users set up different exchanges, explore different templates and create new rules. The overall layout and structure of the dashboard are pretty good—it is not too compact or filled with unnecessary information. You can easily explore everything and keep a close eye on your profits and overall results.
Custom rules creation: I have stated above that Coinrule offers prebuilt templates with predefined rules that users can utilize. The platform also allows users to create their own rules and set their own preferences. There are no restrictions on creating your own rules to apply to your trades. Coinrule even offers a variety of customizations to help users set up their own templates and rules. As stated before, users can test their rules on the demo exchanges before risking their money.
Tutorials and webinars: Trading is hard enough without having to learn about APIs and bots integration. Coinrule can be complicated. But the platform also solves that problem quite efficiently with several helpful tutorials.
Coinrule even organizes webinars from time to time to ensure that users have a better understanding of bot trading. You can also open the learn section of Coinrule to read informative articles. All of the available guides, articles and tutorials are categorized so that you can easily find information on whatever it is you are having trouble with.
Live Telegram and chat notifications: Live Telegram and chat notifications can really help you keep yourself updated with what is going on with the market and how your bots are performing in your open positions. Coinrule offers these notifications to users with the higher account plans, so they can always have good insights into their bots’ performances. Their chat services can even help you grab better opportunities to open trades or save yourself from a big loss by quickly closing positions.
What We Don't Like About Coinrule
There is no doubt that Coinrule has improved the trading experience of thousands of people with customizable templates and automated bots. But this does not change the fact that the platform has some flaws that you should consider before joining.
Customer support is pretty slow: Coinrule claims to have a great customer support team that efficiently and quickly replies to the queries of their users. But this claim appears only partially true, as we found the “quick” aspect lacking. The platform has a chat option on the website where users can send a query, but after sending the message, users often have to wait a whole day to get a reply. If you are lucky, you might get a live agent to talk to, but it is definitely not the case all the time.
A low number of supported exchanges: While Coinrule supports many top-rated and popular crypto exchanges, the list is meager. Not every trader or crypto geek joins popular exchanges, so the list of supported exchanges should be bigger. Or, even better, the company should create bots in a way that they can be integrated with any type of API.
Pro plan is quite expensive: The highest plan available at Coinrule is very expensive – hundreds of dollars a month. In our opinion, Coinrule needs to reconsider the price of their highest available plan and make it justifiable for what they offer.
Coinrule Plans Pricing
Coinrule offers four different plans, listed here along with their prices.
- Free Starter Plan: No fee
- Hobbyist Plan: $29.99 monthly, or $359 billed yearly
- Trader Plan: $59.99 monthly, or $719 billed yearly
- Pro Plan: $449.99 monthly, or $5,399 billed yearly
Pros and Cons of Coinrule
- Tons of strategy templates are available
- Custom rules creation
- Advanced indicators are included
- Tutorials and webinars for guidance
- Detailed dashboard with analytics
- Fewer crypto exchanges supported
- Below par customer support
If you are fed up with trading the old way and you want to make your trades more successful, there is no harm in trying AI and letting the bots help you trade. Coinrule has been working on improving automated bot trading over time. They have not only introduced unlimited strategies for traders to implement but also support several crypto exchanges.
Of course, there is still risk involved, but it can be drastically reduced if you choose the right strategy or make a custom rule that works the best for your situation. All you have to do is check out the different plans to see what fits with your budget and monthly trading volume. After choosing a plan, you can start with the tutorials to get yourself familiar with everything. The biggest worry you might have is that the customer support team might not reply quickly, but your problem will still be resolved sooner or later.
Frequently Asked Questions
Coinrule is a legitimate platform that allows users to use bots with particular instructions to make trades.
Yes! Coinrule is a beginner-friendly platform that not only offers detailed guides and proper instructions but also organizes webinars to help users solve problems.
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