Boasts dependable technical indicators, more than 70 of them, and keeps users abreast of the latest crypto trends and live data feeds by using a real-time API.
This simply means that the platform provides an opportunity for traders to work with savvy charting, live exchange rates, and high-frequency trading tools, as well as an extensive number of web, desktop, and mobile apps like the CryptoTicker and ArbMatrix apps.
Similarly, the Google datasheet plug-in, SMS, email, and in-browser price alerts where traders are kept in the know through notifications are other very appealing features.
The best feature of Coingy, also the critical factor that sets it ahead of its peers, is ArbMatrix.
With ArbMatrix, users can tie up popular cryptocurrency exchanges and profits that come from price differences between exchanges.
In addition to living off arbitrage opportunities, the bot mimics the overall purpose of a cryptocurrency tracker — it lets you quickly check on how various assets are performing across multiple exchanges.
Exchange account consolidation
In the blink of an eye, you can connect the Coinigy app to about 40 leading exchanges and watch over 4,000 different trading pairs and coins.
That's not all: users enjoy the privilege of monitoring balances and can engage in comprehensive charting.
At the same time, they can also buy and sell directly from their accounts.
The interfaces that support this feature are API integration with exchanges such as Binance, Bitfinex, Bitstamp, Bittrex, CCEx, CEX.io, Coinbase Pro, Huobi Pro, Kraken, Kucoin, Poloniex, and Vaultoro.
Coinigy app is one of the trade bots that is hosted globally on Google's data centers, and also effectively uses the SocketCluster framework for apps and microservices.
Another interesting detail is that the platform promotes instant access to not only real-time APIs and historical data, but also to live data (powered by the CryptoFeed).
Above all, each one of the requests is filtered through a trusted and verified (ORG) SSL, and user information is encoded with AES 256-bit encryption.
Responsive customer services
Clients are attended to nicely and can get in touch with the team at any time of the day.
All they'll need is to send their concerns to the support crew or communicate using the live chats pre-installed on their accounts.
Otherwise, they can place a call to the head office at +1.414.301.2289 or reach out through social media networks like Facebook and Twitter.
As well, there's an FAQ section where questions get answered, and extra support is provided.
You can also get ahold of YouTube videos, updates, Coinigy reviews, and so on.
Benefits Of Using
Let's delve into some of the advantages of using this bot:
1) A perfect trade name
2) Extensive charts and 75 Technical Indicators to trade with
3) Enterprise-Grade Security Protocols
4) Google Sheet integration
5) Users can compare prices from other exchanges and be able to make smarter trading decisions
6) An intuitive-3rd party app integration that is also compatible with iOS and Android devices
7) Around-the-clock customer response system and live chat
8) 30-day free trial
9) Coinigy Affiliate Program
Drawbacks - Is It Worth It?
A few of disadvantages include:
1) It has a learning curve that doesn't favor new traders
2) Beginners have to be dedicated when using this bot: newcomers have to deal with learning from so many resources at once and, as such prime focus will be needed
3) A bit pricey for inexperienced users: Coinigy costs from $223 to $1,200
Can Beginners Use Coinigy App?
It's probably fair to say that even though the intention was to create a ridiculously simple process of managing and trading cryptocurrency profiles, the bot still falls somewhat short of what beginners expect.
Consequently, newcomers would need to pick up the pace to get through the bulk of the resources they will be faced with.
Does this make sense?
More so, the Support segment comes handy when breaking down various initial steps like the layout or working with charts.
Another plus is the Youtube channel, where beginners can use videos to explore the platform better.
Remarkably, Coinigy reviews by most of their clients (beginners at the time) suggest that using the guides and videos made them more confident in learning the platform and standard value light (OHLC) graphs.
Coiningy also offers paid membership to all users.
The problem here is that there is no decline button.
If you're looking at subscriptions, you have no other choice than to accept the offer because it's how the platform operates.
In other words, no subscription, no bot for you.
On the bright side, you'll get an instant 30-day free trial. To be honest, this makes the process a whole lot easier, particularly if you are just learning the ropes or looking to come up while using charts and technical analysis indicators provided by various exchanges.
Here's an important point:
Coinigy app might not precisely be pocket-friendly for newbies, but it doesn't break the bank.
I feel that this is because first-time users might not get rich as quickly as they want.
So, the more money they invest, the more expensive it may seem.
In any case, putting all your exchange accounts in one place and making use of Tradeview's charts and trading tools should surely bring good profit.
Moreover, the bot takes the lead by enabling clients to set stop-loss and take profit margins and cut down orders from their records — something uncommon in other crypto trades.
Coinigy vs TradingView: Which Should You Consider