CoinRule Crypto Trading Bot Review

Is Coinrule the best trading bot on the market?

Coinrule has become one of the most popular names in the crypto market thanks to the advancement in technological systems, such as trading bots, that make it easy for novice or beginner traders to enjoy the fruits of the decentralized finance (DeFi) industry.

For newbies, speed, liquidity, and user-friendly problems normally lead to errors that do not help their cause in seeing substantial earnings from their crypto activities. 

While many online articles report multiple percentage gains within a short period, they do not caution potential traders and investors about the difficulty in trading using metrics and indicators.

To fully integrate any trader with an internet connection into this financial revolution, Coinrule, as a trading bot, has considered the plight of traders and has put in place the right technological tool to facilitate trade and help users see gains.

What is Coinrule? 

Founded in 2018, Coinrule is a UK-based trading platform that customizes trading strategies to the needs and interests of its customers. The platform does not discriminate against any trader. As a result, those with extra money to spare on cryptocurrencies stand a great chance of making a profit using its tools.

How does Coinrule work? 

As a trading bot, Coinrule, like competitors, is an automated software that allows you to buy and sell digital currencies at the correct time.

When you visit Coinrule, you will be directed to click on START. 

As a beginner, you will be asked about the primary reason why you are on the platform. Since the service is primarily tailored to crypto needs, you would have to select whether you are interested in making a profit, making better trades, or just running a better trading strategy. 

You will then be taken to the next page, where you will select Beginner if you are new. If you have any experience with trading bots, you can choose Intermediate or Expert. 

After this, the next page will reveal three optimized templates. If you are interested in maximizing profit, you can pick BUY THE DIP (where cryptocurrencies falling to new lows will be purchased for you). For those interested in leveraging (using borrowed funds to increase a trader’s position above what you can with your cash balance), you can choose CATCH THE PRICE SWING. For those solely interested in buying dips, the third template to suit your need is the UPTREND FLASH CRASH. 

For simplicity's sake, let us examine how Coinrule works when you choose the template for BUY THE DIP. 

Before you choose a template, you have to select your preferred cryptocurrency exchange. Supported exchanges include Binance, Binance.US, Bitpanda PRO, Bitstamp, Coinbase, HitBTC, Kraken, KuCoin, Liquid, OKX, and Poloniex. 

Once the exchange has been selected, you can then set your rules. 

A great example of this is outlined below.

"If any coin has a price increase by 10% from the current live price, BUY $100,000 of that coin with my USDT wallet as a limit order, AND SELL 75% of the total balance of that coin to my USDT wallet as a limit order starting on 15 March, 2023, 9:00 UTC, and execute one time."

Once this rule has been set, the algorithm put in place by the development team behind the platform will ensure your needs are strictly adhered to.

Are there any fees associated with the use of Coinrule? 

YES! There are fees associated with Coinrule, but it depends on the type of trader you are and what you aim to get from the trading bot. There are four packages; Starter, Hobbyist, Trader, and Pro.

For Starters who are just interested in learning more about the possibilities of crypto trading bots, there is no monthly or annual price. The total number of live RULES that can be set is two. The same number holds for DEMO RULES. The number of template strategies allowed is seven, while the number of exchanges permitted to be connected to the platform stands at one. There are no leverage strategies, live Telegram or text notifications, access to the trader community, or one-on-one training sessions. Starters are limited to up to $3,000 in monthly trading volume. 

For Hobbyists, the monthly price is pegged at $39.99 but can be billed annually at a discounted price of $359. The number of live RULES and demo RULES allowed is seven, while the number of template strategies available to the subscriber stands at 40. The number of exchanges that can be connected has been increased to two, while the monthly trading volume allowed is up to $300,000. While Hobbyists, like Starters, will not be enjoying one-on-one training sessions, they have access to the trader community, live Telegram plus text notifications, and leverage strategies.

For Traders, there is a monthly charge of $79.99, and those with relatively larger budgets can subscribe at a discounted value of $719. The number of live and demo RULES are pegged at 15, while the number of template strategies allowed is UNLIMITED. Three exchanges can be connected, and one-on-one training sessions are available. They have extensive access to the trader community and also receive live text and Telegram notifications. Leverage strategies are also available. Traders are allowed a monthly volume of up to $3 million.  

Unlike the first three packages, choosing Pro will allow you to do more. Subscribers are allowed unlimited template strategies, connected exchanges, and monthly trading volume. They also benefit from the same perks as Traders but are allowed 50 live and demo RULES. Being able to do all these come with a $499.99 monthly charge or $5,399 for those willing to make a one-time annual payment.

How to register for an account with Coinrule 

One of the cons of using the platform is that it is only web-based as it does not have a mobile application.

As a result, you can only create an account via its official website (Coinrule.com). 

You can create using your email address, similar to creating social media profiles on Facebook or Twitter. Aside from this, a feature allows newbies to sign up for an account directly through their already set-up LinkedIn, Google, or Facebook profiles. Either way grants users access to the website as well as its software.

If you set up an account via email, you must create a password to safeguard your account.

Coinrule highlights the need for clients to provide accurate information so they can be contacted should they find unscrupulous activities associated with a particular profile.

What payment methods does Coinrule accept? 

According to the platform's official website, the methods of payments are authorized by Checkout.com, Chargebee, and Stripe. They are boldly displayed on the website, and bank cards issued by Visa and Mastercard can be used to complete the subscription.

What are some of its competitors? 

Some of the other platforms with the right tools to help crypto traders maximize profit include, but are not limited to, TradeSanta, Cryptohopper, 3Commas, HaasOnline, TradeStation, Tickeron, Pionex, Altrady, Mudrex, Trality, Shrimpy, Kryll, CryptoHero, WunderTrading, Build Alpha, ChartBolt, and ProfitFarmers. 

Conclusion

Coinrule is among the best crypto trading bots on the market today. The packages it offers clients fall within the budgets of small, medium, and large investors.

While the platform may have brought consistent profits to some of its customers, there is no certainty in the crypto market but possibilities. 

As a result, if you are a trader with an eye on making profits from trading bots, we advise you to do your own due diligence.

Do an extensive study of all the aforementioned trading bots before you settle on one that can bring you the returns you dream of. 

Although the market may rebound in 2023, many traders are still in the red, so choose wisely. More importantly, align with a trading bot with a package that fits your investment goals in the short, medium, and long term.