CoinRule Review 2022
A successful crypto trading bot is able to maintain a firm rule over its cryptocurrency exchange domain. And here today we have CoinRule, a crypto trading software that has a bold claim to its name.
Does CoinRule manage to qualify as a successful crypto trading bot?
We’re going to find out in this full review of CoinRule.
What’s the secret recipe to a successful crypto trading bot? The main component, surprise, surprise, is the ability to generate a stable and reliable source of income.
Shifts and fluctuations in the global crypto market provide ample opportunity for resourceful day traders and their software assistants, and a proper crypto trading bot is capable of capitalizing on such opportunities.
In order for the bot to be operative, the trading logic needs to be translated into machine language and packed in neat features in order to provide answers to various market conditions.
However, while performance is a key aspect of every bot, trading software also has to be accessible to the majority of day traders, even those with little previous experience.
There have been many examples of how some powerful crypto trading bots failed because they were highly inaccessible to the vast majority of the day trader community.
Usually a joint project by a group of crypto developers or an open-source project, these failed because the requirements to use such bots included an excellent command of several coding languages and years of trading experience.
Due to the trend of the opening of crypto markets to masses of people with no previous contact with crypto bots, it is crucial for every bot to enable all these people ease of access and use.
In short, a successful bot needs to be able to provide stable income, have multiple strategies and tools at its disposal to conform to a changing market, and be simple enough to use not to prohibit new users from enjoying the fruits of their (or their bots’) labors.
How does CoinRule fit into this grand crypto bot picture? Is it able to punch above its weight?
Is it easy to use?
And, most importantly, does it earn money on a regular and reliable basis?
We’re here today with our Coinrule review to try and find the answers.
What Is CoinRule?
CoinRule is a crypto trading automation software that aims to help users with all levels of expertise in day trading find streamlined and automated strategies and tools that suit their needs.
Designed to be accessible and easy to use, it underlines simplicity, modularity, and efficiency with its trading bots in order to provide general approaches coupled with specific solutions, depending on crypto exchange circumstances.
Users who have gotten used to limited trading possibilities and features provided by cryptocurrency exchanges will find CoinRule to be an eye-opening experience.
A good portion of features provided by CoinRule serves to enhance, upgrade, and support what’s usually the most frequently used strategies in most popular exchanges.
However, those with ample experience in day trading won’t find CoinRule to be lacking.
As most features support extensive customization, those who wish to bend the norm and try out something riskier, but potentially more rewarding, are free to do so.
Veterans can choose to manually modify the scripted features and even create their own strategies from scratch.
Founded in 2018 by Gabriele Musella and Oleg Giberstein, CoinRule is a UK-based company that is relatively young, but has already made some ripples across the surface of the crypto trading industry.
It has secured support for multiple popular crypto exchanges, allowing its users greater maneuverability and more cryptocurrency coins to trade for.
Its core being based on functionality, ease of use, simplicity of execution, and, well, trading capabilities, its secondary utilities do not seem to be lacking.
CoinRule doesn’t lag behind the industry standard when it comes to customer support and maintaining its community.
It has an outstanding reputation online and a growing community that is eager to accept newcomers and help them learn their ropes as soon as possible.
After all, a closer community brings benefits to all its members.
Coupled with cloud-based technology and flexible pricing plans for different needs, CoinRule appears to be an ideal candidate for a position among top-performing crypto trading bots.
Let’s take a closer look to confirm or dispute whether this is actually true.
Ease of Use
It becomes immediately apparent that CoinRule was envisioned with ease of use and access in mind.
The design of its user interface shows simplicity and elegance, for example, and even the features of crypto trading bots and tools come in modular forms, meaning that a core function is tied to one “piece”.
In order to “piece together” a crypto bot, you only need to have an image in mind and puzzle the pieces together to match that image.
There’s no need for advanced programming skills or using advanced scripts that seem to require deciphering to most day traders.
You as a user have a set of simple features that come with clear instructions that you can tie together, as previously said, but you can also rely on completely preset and predefined crypto trading bots.
A selection of approaches to crypto trading market conditions is available for everyone to pick from and apply to a crypto exchange and/or trading pairs without having to resort even to the modular approach of building a bot on your own.
On the other hand, there are options for those who wish to custom-tailor a bot entirely to their taste.
Usually reserved for those with a bit of experience, these build-your-own-bot strategies give total freedom for users to do high-risk, high-reward gambits, if they know what they’re doing, of course.
Just in case anyone thought that there would be no desirable settings for those with advanced skill sets with CoinRule, it is worth noting that that’s not correct.
It can be safely concluded that CoinRule does an excellent job of balancing between ease of use and power of performance.
As mentioned before, the design of CoinRule’s crypto trading bots is based on modular, “jigsaw” mechanics, which allows you to utilize several combinations of different features.
These range from simple “if this then that” prompts to pre-defined popular strategies such as stop-loss, take profit, buy the dip/breakout, etc.
A wide selection of approaches in these features ensures that CoinRule users can take advantage of any crypto market trends.
The goal of all these features is to automate trade in the most beneficial way possible to the end-user, which is you.
Also, each of these features can be separately tested with historical data. On top of that, the bots are regularly updated with data feed from reliable and popular indicators.
With managed volatilities and maximized profits, the chances of landing net-positive deals increase dramatically.
It is for this reason that CoinRule relies on clear indicators and trustworthy signals when it conducts its insights assessments and analyzes market conditions.
With flexible bots and 150+ combinations of features, the chances are everyone will find something of use in CoinRule.
It would be unfair to ask for more, wouldn’t it?
It is greatly important that crypto trading automation hubs have many quality connections to popular exchanges across the market.
After all, having the best imaginable bot at your disposal means little if it doesn’t deal with your preferred cryptocurrency or has no ability to make deals in exchanges that you want it to.
CoinRule supports some of the most popular exchanges, some of which are Binance, BitMEX, Bitstamp, Coinbase Pro, Kraken, Liquid, and Poloniex.
These cover a lot of crypto trading ground and include the vast majority of relevant cryptocurrencies, which means that you’re almost guaranteed to find what you’re looking for.
In an obvious effort to make CoinRule a software that is readily accessible to everyone, wherever they are, on any device, and on the go, the basis for CoinRule lies in digital and cloud-based technologies.
CoinRule does not require setting up an app or purchasing a special device dedicated to crypto trade only that you have to carry around at all times.
This also means that the response time of the bot doesn’t depend on your device’s speed and your internet connection.
Tied to fast servers and stable connections of the host company, your lucrative deals won’t fail due to lags, device malfunctions, or faulty wireless connections.
CoinRule software goes as far as to send an SMS whenever an important change occurs or if a deal is made.
In spite of being an automation tool, you will never have that awful feeling that something is going on that you should know about.
CoinRule will keep in touch with you.
Top-Rated Crypto Trading Bots
These crypto trading bots have been voted as the best consistently in user ratings across various websites.
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The fun thing about CoinRule is that, apart from its three regular, paid plans it also offers a completely free Starter plan.
Available indefinitely, CoinRule’s Starter plan serves as a sort of a blend between free trial, sampling of its services, or a stepping stone for more casual day traders who perhaps wish to learn more about the process.
It offers 2 live rules, 2 demo rules, 7 template strategies, 1 connected exchange, and up to $3k worth of monthly trade volume.
Entirely free for as long as you want!
The Hobbyist is the lightest of the paid plans and upgrades the Starter plan to 7 live rules, 7 demo rules, 40 template strategies, 2 connected exchanges, up to $100k worth of monthly trade volume, as well as advanced indicators, signals, and exclusive community access.
This plan comes for $29.99/month.
The Trader plan will cost you $59.99/month but multiplies the numbers from the previous plan for 15 rules, unlimited strategies, 3 connected exchanges, $1M monthly volume, and one-to-one training sessions as an extra bit.
The ultimate Pro plan requires a monthly fee of $449.99/month and is reserved for the most hardcore day traders.
It removes the cap on mostly everything and a lot of dedicated services just for CoinRule pros.
Pricing is another aspect where CoinRule’s versatility shines through.
Customer Support Review
Customer support of CoinRule, as per the standards of the industry, relies mostly on live chat, email communication, or official social media channels.
To compensate for the lack of more direct means of communication, an exhaustive library of guides, tutorials, as well as blog posts remain available for everyone who wishes to undertake the CoinRule crypto trading adventure.
CoinRule devotes extra attention to make the whole trading process as safe as possible.
It relies on API keys for transactions, which means that it never has direct access to your crypto or fiat funds. All the data stored within the service is encrypted with AES-256 protection.
In addition to this, all communication is kept secure using TLS 1.2 standard or better.
Ukey1 is used to store sensitive info like passwords, so any potential breaches into CoinRule won’t find your login details and you won’t lose access or money.
Speaking of breaches, Cloudflare CDN protects the site itself, so no worries!
These extra steps regarding security are far in front of the standard of the industry, which only shows that CoinRule invests in stability and long-term reliability.
This, for us, is the most convincing argument in the process of CoinRule verification.
Community & Reputation
Users are one of the most prominent assets of CoinRule and this is obvious from the start.
Although the exclusive membership in the Telegram group requires one of the paid plans, a plethora of materials are readily available for Starter plan users.
The exclusivity of the Telegram group shows how only dedicated members form the core of the community–qualified help only and no trolls allowed.
And what about reputation?
On Trustpilot.com, CoinRule reviews have an average user review score of 4.5/5, with their profile claimed and their support service always active to contribute to solving any potential issues.
That is superb, nicely done!
Final Review Verdict
The Coinrule review conclusion: CoinRule has stood firm under our scrutiny and proved its mettle under our close inspection.
This fine crypto bot has passed with flying colors on pretty much every single test put in front of it.
Perhaps it is the ruler of all crypto coins?
Check it out yourself and tell us whether you agree!