Coinrule Review

Hedge with Crypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for educational purposes only. Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.

Bottom line:

Coinrule is a great way for retail investors to take advantage of the cryptocurrency market by using powerful algorithms and trading bots to generate potential profits using over 250 automated rules. As well as being easy to use and highly customizable, the benefit of Coinrule is that it doesn't require users to have coding experience or a deep understanding of how crypto trading bots work.

On the downside, the list of supported exchange APIs falls short compared to its competitors and does not have a mobile app to monitor the performance of the bots 24/7. Despite this, Coinrule is one of the best places to trade crypto with bots and is geared toward beginners and intermediate traders.

Coinrule At A Glance

Coinrule is an automated web-based cryptocurrency trading platform that allows investors to optimize their crypto trading experience. It was launched in 2019 and aims to provide regular traders with advanced trading tools and templated trading strategies available to hedge funds and corporations. While this sounds like an advanced platform, Coinrule takes out the complexity in auto trading making it suitable for beginners as well. There are over 150 trading strategies that can be applied to test and track their performances in real-time.

Unlike a traditional crypto exchange, Coinrule uses an API to connect with supported platforms such as Binance, Coinbase Pro, Kraken, and many others. This means users will not pay any trading fees using Coinrule, however, a transaction cost will be incurred with the connected exchange. In addition, Coinrule does not integrate with decentralized exchanges like PancakeSwap or Uniswap.

Platform Name	Coinrule
Year of Launch	2019
Supported exchange APIs	Over 15 including Binance, Coinbase, OKX, KuCoin, Kraken and others
Number of trading bots	34+
Demo exchange to test bots	Yes
Pricing	From $29.99 to $449.99 per month
Mobile app	None

How Does Coinrule Work?

Coinrule is an automated trading bot that requires input from investors to generate results. The trader has to connect the crypto trading bot to an exchange using an API key. This is the first step, granting the automated bot authority to execute trades according to investors’ preset parameters and creating trading strategies.

For instance, when a user connects the Coinrule platform to, say, Coinbase Pro, the exchange’s API keys are inserted on Coinrule. When the API keys are inputted, the Coinrule platform executes the trades based on preset commands, and consumers can easily withdraw their profits into the exchange. Importantly, the API access does not give Coinrule the right to withdraw, transfer or access the user’s private keys.

For its operation, Coinrule works using what it terms the IFTTT model. This stands for If This Then That. This allows traders to explicitly state the conditions the trading bot should work with in executing trades. If the conditions are met, the bot executes those trades on the underlying exchange; if not, the command remains dormant. This gives investors a level of control over the automated trading activities of the automation software.

Coinrule Comparisons and Alternatives

EXCHANGE	CRYPTO ASSETS	TRADING FEES	RATING	PROMOTION	WEBSITE	REVIEW
Pionex	48	0.05%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.5 / 5	20% trading fee discount	Visit Pionex	Pionex Review
TradeSanta	6,000+	N/A	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.1 / 5	None available at this time	Visit TradeSanta	TradeSanta Revie…
Bitsgap	Unlimited via exchange API	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at the time of writing	Visit Bitsgap	Bitsgap Review

Review of the Top Features on Coinrule

Cryptocurrency trading bots

Trading bots are specialized tools for identifying profitable trades. Coinrule comes with a decent lineup of automated trading solutions. The platform has up to 34 automated bots to choose from, including Bollinger Bands, Golden Cross Trading, RSI Scalping, Multi Moving Average, Range Trading, and Oversold Reversal, amongst others. There are pre-built trading rules that can be selected from the template library which includes 22 pages of different strategies to choose from. There is a good selection that can be tested on a free plan, others need to be unlocked with a paid subscription.

Here's a quick summary of some of the trading bots available on Coinrule and their unique features.

• Grid range trading. Allows investors to buy cryptocurrencies at particular price ranges for a set period.
• The Bollinger Bands. Let users know the value of price levels. The bot automatically initiates trades when they are most profitable.
• Golden Cross Trading. Tracks the interaction of two moving averages and helps the trader identify a shift in the trend direction.
• Buy low and sell high. Create a rule to buy a specific crypto when it falls below a specific threshold.

Any trader can use Coinrule’s trading bots. However, beginners may need to familiarize themselves with technical indicators and technical analysis to benefit from them. Compared to its peers, Coinrule’s trading bots hold their own. They optimize the profitability of traders without making it complex.

Demo trading mode for automated rules

Coinrule is aimed at beginners and includes a demo account to create new automated rules and strategies. Users can also practice their crypto trading skills with a demo trading account that offers 10 BTC and 50,000 USDT and explore and experience the range of strategies that can be customized. The major benefit is the ability to perfect a custom trading rule to monitor its performance over time without losing any money. However, the demo performance can vary from an actual exchange.

Supported exchanges

Coinrule offers direct exchange integration via API keys. The automated trading bot platform supports over 15 exchanges ranging from five top A-list exchanges to more sublimed options. However, there are noticeable exceptions like US-based Gemini and Huobi Global. Coinrule does not integrate with leading crypto margin trading exchanges such as ByBit and Deribit which is a limitation.

Also, the Coinrule platform does not support decentralized crypto exchanges and automated market makers like UniSwap and SushiSwap. The list of supported exchanges at the time of writing is below:

• Binance
• Coinbase Pro
• HitBTC
• OKX
• KuCoin
• Kraken
• Poloniex
• BitMEX
• Bitpanda
• Bitstamp
• Liquid
• FTX

User Experience

In terms of user experience, the high-end advanced trading system is intuitive. New users do not need to go through a steep learning curve as they can easily select any of the 150+ pre-built trading templates from the library.

There are three major options – Rules, Exchanges, and Settings. The Rules tab is the home page, showing all the IFTTT rules investors can use to implement their own automated trading rules and processes. Users can also select between demo and live trading here, set their preferred exchange, select the coin(s) they want to trade, and even set a ‘Buy’ or ‘Sell’ order.

Exchanges display all supported trading platforms and the user’s trading accounts on the selected one. While the Settings tab contains all the tweaks and user-based preferences.

When it comes to creating rules on Coinrule, it is a whole new experience in and of itself. Users can kickstart the process by tapping on ‘Rules’ on the sidebar and click on ‘Add Exchange’ if there is none on the drop-down menu labeled ‘Demo Exchange.’

The next step is to select between ‘Event,’ ‘Timer,’ and ‘Direct Order.’ Beginners can use the first two options as it only requires them to follow the IFTTT model. However, the ‘Direct Order’ requires more specific buy and sell commands for the trading bot to execute trades.

The final step is selecting the timeframe to execute the trade and how often the trading software should iterate that command. Once this is done, the user can either name the trading strategy or launch it immediately. The performance and history of the rule are displayed to monitor its progress, which can also be exported to CSV file.

Coinrule Pricing

Coinrule has 3 paid-price categories for traders to choose from. The first is the hobbyist which caters to more retail-focused investors. This comes with limited features and a smaller subscription requirement. The next two options charge more and offer more flexibility in features. The pricing is similar to other bot trading platforms like 3Commas and Bitsgap which have similar features.

Coinrule Pricing Plan	Fee	Features
Starter	Free	2 Live Rules, 2 Demo Rules, 7 Template Strategies, 1 Connected Exchange, Up to $3k monthly trade volume
Hobbyist	$29.99 per month for annual fee, or $39.99 monthly fee	7 Live Rules, 7 Demo Rules, 40 Template Strategies, 3 Connected Exchanges, Up to $300k Monthly trade volume, Leverage Strategies, etc
Trader	$59.99 per month for annual, or $79.99 per month	15 Live Rules, 15 Demo Rules, Unlimited Template Strategies, Up to $3M Monthly Trade volume, Live Telegram Notifications, TradingView Integration, and others
Pro	$449.99 per month for both monthly and annual plans	50 Live Trading Rules, 50 Demo Rules, Unlimited Templates, Unlimited Exchanges, Unlimited Trade volume, Telegram + Text Notifications, One-to-One Training Sessions, and more

Security

Coinrule takes security seriously and does not store customers’ funds and personal details like names and passwords. The platform offers two-factor authentication (2FA), requiring all investors to verify a six-digit code sent to both their mobile numbers and an authentication app like Google Authenticator.

Moreover, the platform encrypts all API keys using 256-bit Advanced Encryption Standard (AES) encryption coupled with Transport Layer Security (TLS) 2.0. This ensures only the authorized user can automate trades on the Coinrule platform.

Customer Service

Coinrule's customer support is quite responsive. This is highlighted in the plethora of online reviews from third-party sites like Trustpilot. For instance, the Trustpilot review shows that 78% of users gave Coinrule a 5-star rating, with only 11% having negative feedback. A huge portion of the reviews commended the support team for their prompt response.

Meanwhile, customers can connect with a chatbot or the support team on all popular social media networks like Twitter, Facebook, and Instagram. Several users commended the bot as an intuitive and resourceful platform. Overall, Coinrule secured a 4.2 rating out of a possible 5.

Frequently Asked Questions

How We Rated Coinrule

Review Criteria	Hedge With Crypto Rating
Features	4.8 / 5
Supported Fiat and Deposit Methods	2.5 / 5
Supported Crypto & Trading Pairs	5 / 5
Fees	4.8 / 5
Ease of Use	4.9 / 5
Customer support	4.7 / 5
Security Measures	4.8 / 5
Mobile App	2.5 / 5