Coinrule Review

Cryptocurrency trading can feel overwhelming, especially with markets moving 24/7 and opportunities slipping through your fingers while you sleep. One tool that can help you stay on track is Coinrule, a platform that automates your trading strategies. In this Coinrule review, you’ll take a closer look at how it works and whether it can truly enhance your trading experience.

At its core, Coinrule lets you build automated trading strategies that execute across major platforms like Binance and Kraken. With no coding required, even beginners can use its drag-and-drop interface to create bots tailored to their goals. However, the big question remains: is Coinrule safe for users looking to optimize their trades without constant supervision?

For traders, the stakes are high—losing money on poor automation or subpar tools is a risk nobody wants to take. So, let’s dive deeper into this Coinrule trading bot review and uncover whether it’s the right tool for your trading strategy.

Verdict at a Glance: Coinrule stands out with its prebuilt and customizable trading strategies, making it accessible for both beginners and experienced traders. The platform’s user-friendly interface and strong security measures, such as encrypted API key storage, also provide peace of mind. However, its higher pricing tiers might not appeal to all, especially those looking for a more budget-friendly option.

What is Coinrule?

Let’s start this Coinrule review by breaking down exactly the basics of the platform and how it works. Founded in 2018 by Gabriele Musella, Oleg Giberstein, and Zdeněk Höfler, Coinrule is a cryptocurrency trading platform based in London that automates trading strategies for users of all experience levels.

Coinrule's core functionality revolves around trading bots—automated algorithms that execute buy or sell orders based on predefined rules. These bots can perform a variety of tasks, such as dollar-cost averaging (DCA), market orders, and even arbitrage, depending on the user’s strategy.

By offering a user-friendly interface that doesn’t require programming knowledge, Coinrule trading bot empowers traders to automate their strategies across multiple cryptocurrency exchanges, such as Binance, Kraken, and Coinbase.

The platform uses a simple "If-this-then-that" logic. Meaning, users can set up rules to trigger actions automatically, so it's easier to respond to market changes without constant supervision. Whether you’re a beginner looking to take the guesswork out of trading or an experienced trader seeking to optimize your strategies, Coinrule aims to offer a more efficient, hands-off approach to crypto trading.

Coinrule Review: PROS

In many Coinrule reviews, traders highlight how the platform’s powerful features can elevate your trading game. Let’s take a deeper dive into what makes the Coinrule trading bot stand out.

Test Strategies Without Risk

Cryptocurrency trading can sometimes feel like walking a tightrope—one misstep, and you could lose a fortune.

That’s where Coinrule’s demo exchange steps in, offering traders a safety net to test their strategies without risking real funds. In fact, many Coinrule reviews rave about the flexibility and risk-free environment it provides, as it serves as an excellent tool for building confidence and refining strategies.

So, here’s how it works: Coinrule provides a virtual wallet loaded with 10,000 USDT and 10 BTC to simulate trades in real-world conditions. This isn’t just a gimmick—Coinrule’s demo exchange mirrors real-world trading conditions by connecting to Binance. Therefore, you’re not just clicking buttons in some outdated simulation while testing your rules.

Need to trade a coin that’s not in your virtual wallet? No sweat. You can place direct orders to add any coin from Binance's vast selection, letting you customize your trading experiments to match your ambitions.

In addition, both market and limit orders are supported. Market orders rely on the top ask or bid price from Binance’s order book, while limit orders use either the current market price or the top order book price.

However, it’s worth noting that the demo pricing might not perfectly match live conditions in cases of low-liquidity coins. Adding conditions like volume or market cap can help narrow this gap.

Also, the demo exchange does have a few quirks. Slippage is ignored in demo mode, which means low-volume coins might perform a little too well. Moreover, demo rules don’t factor in Binance’s discounted fees for BNB payments, potentially skewing results.

These hiccups don’t take away from the value of the demo, though. You can always start fresh with the "Reset Demo Wallet" feature, an invaluable tool often highlighted in Coinrule bot reviews. The said feature allows you to create unlimited demo rules, reset your wallet allocation whenever needed, and experiment freely.

The demo account is perfect way to learn how to use Coinrule effectively and figure out what strategies work best for you. After all, when it comes to trading, practice doesn’t just make perfect—it might just help make profits, too.

Pre-Built Strategy Templates

Trading bots are often praised for their efficiency, but let’s be real—building strategies from scratch can feel like trying to reinvent the wheel. That’s why Coinrule’s pre-built templates deserve a spotlight.

So, why is this a pro for a trading bot? Simple: Automation is supposed to save you time, minimize risk, and provide consistency. Coinrule's pre-built templates are designed with all of that in mind.

By taking the guesswork out of strategy creation, they let you focus on optimizing your approach instead of worrying about every little detail. Plus, these templates are based on solid technical analysis and actual market behavior, meaning they’re structured to give you the best shot at success without any unnecessary complexity.

For beginners, having access to these templates means you don’t have to be a trading expert or know a single line of code. You can pick a strategy that fits your goals and apply it right away, avoiding the steep learning curve that comes with developing your own.

For more experienced traders, these templates save time and effort, offering a solid starting point to refine and personalize. Think of them as a blueprint to start from rather than building a house from the ground up.

Here’s a quick look at some of the standout strategies you can implement:

• Grid Trading in Range. Ideal for a sideways market, this strategy takes advantage of price stability by adding value to your portfolio when volatility is low.
• Buy the Dips in a Bull Market. A great option when the market is on the rise, this template helps you take advantage of short-term dips during an overall bullish trend.
• Combination Scalper. A short-term scalping strategy that uses moving averages and volume to identify dips, then exits with precision using the Relative Strength Index (RSI).
• Smart Accumulation and De-risk. A DCA strategy helps reduce risk by spreading purchases across volatile price movements, making it suitable for long-term investors.
• Catching the Bottom. This strategy relies on technical indicators like Exponential Moving Average (EMA) and RSI to identify the ideal entry and exit points, so you don’t miss out on key market moves.

By providing these templates, Coinrule makes automating your trading easier, reducing human error, and optimizing for consistent results. Consequently, Coinrule reviews often highlight the convenience and effectiveness of this feature, as it lets users hit the ground running without feeling overwhelmed.

Fully Customizable Trading Strategies

Market conditions can be as unpredictable as a cat on catnip, leaving traders scrambling when rigid strategies fall short. With Coinrule's "Build A Rule" interface, you don’t need a coding background to create custom strategies.

Even if you’re a beginner, the platform allows you to define specific conditions and actions for your trading bots. That way, you have the power to tailor strategies to your market insights.

Even Coinrule's pre-built templates aren’t set in stone. If you like a template but think it could use a little personal flair, you can edit it to better suit your approach.

Let’s say you’re running the Moving Average Scalper strategy but want to tweak the buying intervals to match your rhythm. Go to the activity page, select the rule you’re using, and customize the parameters to fit the current market landscape.

Above all, the customization options don’t stop at surface-level adjustments. When you select "Create Rule", you can specify exactly what conditions must be met for your bot to execute a trade. It could be anything from a price drop to a specific technical indicator like the RSI. Once the condition is set, it’s time to define the actions your bot will take — buy, sell, or hold, for instance.

Things get even more interesting when you introduce logical operators. These allow you to connect different blocks of conditions and actions. The flexibility also lets Coinrule trading bot react to complex market situations, like adjusting to changes in volume or price fluctuations.

You can even take advantage of the Coinrule arbitrage bot. For those unfamiliar with the term, this strategy involves buying an asset at a lower price in one market and selling it nearly simultaneously at a higher price in another.^[1]

To increase precision, Coinrule lets you set specific time frames for when your rules should run and even the frequency with which they should execute. This level of customization ensures that your trading bots work exactly as you want them to.

If you’re wondering what is Coinrule doing differently from competitors, this hands-on customization stands out. It provides seasoned traders with the freedom to innovate while remaining approachable enough for newcomers who want to try their hand at building something unique. With such flexibility, it’s easy to see why a lot of Coinrule reviews considered this feature as a valuable pro.

Simulate Strategies with Backtesting

You’ve got ideas, but how do you know if they’ll actually work in the unpredictable world of crypto?

Backtesting enables you to simulate a strategy’s performance using historical data. Coinrule users can access backtesting tools through TradingView, a platform widely known for its social trading network and robust analysis features. By linking strategies created on Coinrule to TradingView, you can check the historical returns of your setup without risking a single Satoshi.

Say you’re exploring the Low Volatility Buy + Stop Loss (SL) & Take Profit (TP) strategy. It works on a one-hour time frame, with rules like buying when certain moving averages (MA) line up and selling with specific profit and loss targets. By running this strategy on TradingView, you can see how it performed on various coins.

Did it hit that 8% profit goal more often than not? Or did stop losses eat into potential gains? TradingView shows you metrics like net profit, the number of trades executed, win percentage, and even drawdown risk so you can decide if the approach suits your goals.

In case you're wondering is Coinrule safe for these tests, rest assured that you’re working in a risk-free environment during the backtesting phase.^[2] That’s the value of backtesting—you can tweak parameters to optimize outcomes before putting real money on the line.

Many Coinrule reviews on Reddit discussions focus on how backtesting helps traders adapt. For instance, you might adjust the stop loss from 4% to 6% and watch how profits shift. To make the test even more realistic, you can set an initial capital amount and include trading fees—because nothing kills profits faster than ignoring those pesky commissions.

Let’s also not forget the freedom this feature provides. Instead of sticking to one coin, testing the strategy across multiple assets is possible to see where it performs best. Once you’re confident in the setup, it’s just a matter of plugging the parameters into Coinrule and letting your bot take over. Whether you run the strategy on a single coin or cast a wider net, the choice is yours.

Did you know?

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Coinrule Review: CONS

While the trading bot offers many great features, some user Coinrule reviews point out a few aspects that might not be ideal for every trader. Let’s take a moment to explore the flip side.

Relatively Steep Pricing Structure

Coinrule's pricing structure can be a hurdle for many users, especially those just starting out or managing smaller portfolios. The free Starter Plan introduces the platform but comes with significant limitations, such as a $3K monthly trade volume cap and only one connected exchange.

These restrictions make it difficult to fully explore automated trading without committing to a paid plan. Moving to a higher tier can quickly become expensive, with the Hobbyist Plan costing $29.99 per month and the Fund Plan reaching a steep $749.00 monthly.

Free alternatives exist for those who want to experiment with trading bots without spending much—or anything at all. Binance and Bybit, for instance, offer built-in trading bots that don’t require additional subscriptions. Users on these exchanges can test automated trading strategies at no extra cost, making them an attractive option for those hesitant to invest in Coinrule’s pricing tiers.

Understanding the financial commitment required is crucial before choosing a platform like Coinrule. While its features cater to advanced traders, many users might find the high pricing a deal breaker when comparing it to free or more affordable alternatives. Balancing features against affordability is essential to ensuring the platform aligns with your trading goals and budget.

Coinrule Alternatives

As we move forward with this Coinrule review, it's important to explore other options available to traders looking for automation tools. While Coinrule offers a solid platform, several alternatives are worth considering based on your specific trading needs.

Coinrule VS Bybit Bots

The world of automated trading bots offers a variety of options, and both Coinrule and Bybit trading bots have unique advantages. Coinrule stands out for its customizable approach, enabling traders to craft rules tailored to specific market conditions without requiring coding knowledge.

User Coinrule bot reviews often mention the platform's flexibility, with features like logical operators and pre-built templates providing room for innovation. However, its pricing can be a significant consideration for those exploring trading bots, as the free Starter Plan is quite limited in scope.

Bybit’s trading bots, on the other hand, are more integrated and straightforward. They are built directly into the platform and offer three types: spot grid, futures grid, and DCA.

These bots are free to use, with users only needing to cover trading fees. The ease of setup, including features like the Auto Fill option for parameter suggestions, makes Bybit’s AI trading bots accessible to both beginners and seasoned traders.

Comparing these two platforms highlights a clear distinction in approach. Coinrule’s extensive customization options are ideal for traders who want precise control over their strategies. By contrast, Bybit’s free trading bots cater to users seeking a more user-friendly and cost-effective solution. Both platforms utilize historical data and technical analysis, yet Bybit’s built-in integration and straightforward interface provide an edge in convenience.

While Coinrule’s offerings justify their cost for those who value advanced customization, Bybit provides a solid alternative for traders seeking efficiency and affordability. For users already trading on Bybit, the ability to experiment with grid and DCA bots at no extra cost adds considerable value. Both options have strengths, so the choice depends on individual trading goals and platform preferences.

Coinrule VS Binance Bots

Both Coinrule and Binance have carved niches in the market, especially if you're looking for the best automated trading bot selections. They offer features that cater to various trading styles, with Coinrule trading bot reviews often highlighting the platform's rule-based customization.

With an extensive library of templates and logic-based operators, Coinrule is like a well-stocked toolbox for traders who enjoy getting hands-on with their strategies. However, the platform’s pricing can feel like a heavyweight jab to newcomers, especially when others, like Binance trading bots, offer some impressive alternatives.

Offering a variety of bots, including Spot and Futures Grid bots, Binance automates processes like buying low and selling high or amplifying purchasing power on futures contracts. The platform also has Rebalancing and Auto-Invest bots for long-term strategies, as well as Time-Weighted Average Price (TWAP) and Volume Participation (VP) bots for splitting larger trades into bite-sized chunks.

Where Coinrule thrives on flexibility and design-your-own approaches, Binance doubles down on variety and integration. On Binance, traders looking to experiment with everything from market-making to trend-following can find a bot to match their mood.

Plus, a little icing on the cake—users who pay fees with Binance Coin (BNB) enjoy discounts. It’s a subtle nudge that can make a big difference for high-volume traders.

Learn more about Binance trading bots here.

Coinrule VS 3commas

Comparing Coinrule VS 3Commas reveals two platforms with a shared goal: empowering traders to take charge of their strategies. Coinrule focuses on simplicity and rule-based customization, offering tools for creating unique trading strategies. It supports around 10 exchanges, including major players like Coinbase.

Conversely, 3Commas takes a broader approach with its standout Smart Trade feature. Smart Trade gives traders the option to manage positions with multiple sell targets, concurrent take-profit and stop-loss orders, and access to TradingView charts.

Moreover, the platform integrates with over 20 exchanges, most notably the top CEXs. It also offers two types of bots: simple bots for single-pair trades and composite bots for multi-strategy setups. With access to over 30 indicators and 90 candle patterns, 3Commas appeals to traders who want to experiment with advanced strategies or buy pre-made ones from the marketplace.

Pricing is a notable point of differentiation in 3Commas VS Coinrule debate. The former platform offers a free limited account and subscription plans starting at $32 per month, which can scale up to $59 (if you choose the annual plan) depending on features. Mind that price cuts are available should you choose a longer billing cycle.

Meanwhile, Coinrule’s pricing starts at $29.99 per month, but its higher-end plans, which reach up to $749 per month, cater to more advanced users. Both platforms provide free trials, but 3Commas’ broader exchange support and payment flexibility—covering PayPal, Apple Pay, and cryptocurrencies—might make it more appealing to traders looking for a comprehensive package.

Coinrule Pricing

Diving into Coinrule’s pricing requires understanding what you’re getting with each tier, as the features and capabilities vary depending on your trading needs.

A quick look at Coinrule reviews highlights that the pricing plans cater to a wide range of traders, from beginners just dipping their toes in the crypto market to professional traders managing large volumes. Each plan provides different levels of trade volume, features, and exchange connectivity, so choosing the right one depends on how serious your trading strategy is.

Here’s a breakdown of the Coinrule pricing plans:

Table: Coinrule’s pricing structure.

The Starter plan is suitable for new users or casual traders who want to explore the platform without any upfront investment. With this plan, you can start trading with a monthly volume of up to $3,000, using one connected exchange and three conditions for rule creation.

While basic, the plan provides an excellent introduction to Coinrule's automation features. However, if you're looking to scale your trades or require more advanced features, the paid plans may be more fitting.

Coinrule also has an Enterprise plan that provides custom pricing for more extensive operations based on specific needs. You'll need to contact Coinrule directly for a personalized quote. The plan provides bespoke features tailored to enterprise-level requirements, including unlimited exchanges and volume and a more advanced set of tools.

When comparing Coinrule pricing, consider your trading goals and how much volume you anticipate managing. You might find that the lower-tier plans offer plenty of power for your needs, or you might want to take advantage of the full range of features in the higher tiers. Either way, Coinrule’s flexible pricing structure gives traders the chance to pick the plan that aligns best with their strategy.

How to Use Coinrule

As we dive into how to use Coinrule, let's break down the steps in setting up and using the platform to automate your crypto trading strategy. If you've explored some Coinrule reviews, you might already know about its ease of use, so let's see how to get started.

Step 1: Start by visiting the Coinrule website and click on the menu in the top right corner. Select the "Get Started" option to create a new account. You’ll need to provide basic information like your email and a password for your new Coinrule account.

Step 2: Once your account is created, it’s time to connect an exchange. To do this, Coinrule requires an API key, which you can easily create on the exchange platform.

At this point, you might be questioning: is Coinrule safe, though?

API keys do not have withdrawal rights for added security, ensuring your funds remain safe. Coinrule encrypts and stores these API keys separately for each user to enhance security.

Step 3: Let’s take Binance as an example to show how to create and connect the API key. First, log in to your Binance account and navigate to your account settings (located in the top right corner). Select "API Management" to begin the process.

Step 4: Click on "Create API". Binance will ask you to confirm the creation of the API according to your security settings. Follow the prompts to finalize the process.

Step 5: Once the API is created, make sure that the necessary permissions are selected for Coinrule to execute trades. So, edit the API restrictions. Start by selecting the option to restrict access to trusted IPs. Copy the list of IPs provided by Coinrule and paste them into the Binance settings to complete this step.

Step 6: Once the API setup is complete, go to the "Exchanges" page in your Coinrule dashboard and paste the API and Secret Key in the designated fields. This will connect your Binance account to Coinrule.

Step 7: Click "Create Rule" from your dashboard to open the rule editor. Here, you’ll select the exchange where the rule will run—Binance, for example—and you can check which wallets are available for the selected exchange.

Step 8: Next, specify the conditions under which your rule should trigger. For example, you can set the rule to trigger based on specific market conditions, such as price movements or technical indicators.

Step 9: After setting the conditions, define the actions the Coinrule trading bot will execute once those conditions are met. You can create simple or complex actions to automate your strategy.

Step 10: For more advanced rules, you can add an operator. Operators are used to create logical connections between different blocks of the rule. This gives you the flexibility to build more sophisticated strategies.

Step 11: Finally, set the time for the rule to launch and how often you want it to execute. Be sure to limit the frequency of rule executions to avoid overtrading, which could lead to unnecessary fees.

Congratulations, you’re now ready to create and launch your first Coinrule trading bot! With these steps, you can begin experimenting with the Coinrule arbitrage bot and other strategies to optimize your trading experience.

Pros

• Secure and reliable
• Accepts fiat currencies
• Lots of trading options

Main Features

• Reputable exchange
• Accepts fiat currencies
• Offers various trading options

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Pros

• Fiat currencies - accepted
• Simple to use
• Accepts only the most trustworthy cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for beginner investors
• Accepts fiat currencies

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Pros

• Fully reserved and transparent
• Multiple tradable asset classes
• Over 300 supported cryptos

Main Features

• Over 300 cryptocurrencies
• Secure & transparent
• Fully reserved

$20 in BTC

Conclusion

As we come to the end of this Coinrule review, it's evident that the platform offers a comprehensive and user-friendly way for traders to automate their crypto strategies.

Coinrule’s simplicity in creating rule-based trading strategies makes it accessible, while its advanced features cater to those looking to take their trading to the next level. Supporting around 10 exchanges, including major players like Bybit, Coinrule positions itself as a flexible option in the world of automated crypto trading.

If you’ve been wondering, is Coinrule profitable? The answer lies in how effectively you use the platform’s customizable rules and strategies to fit your trading style. Feedback from Coinrule reviews on Reddit also shows a range of experiences, but many highlight how the automation aspect can help streamline trading without constant monitoring.

While some might find the higher-end plans a bit expensive, the ability to customize trading strategies and the potential for automation can make this trading bot a worthwhile investment.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Kapoor D. S., Singh K. J., Jain A., Chauhan R., Thakur K., Sharma A.: ‘Trading Bot for Cryptocurrency Market Based on Smart Price Action Strategies’;

2. Jaiswani B., Nimje P., Deotale P., Mahant S.: ‘Cryptocurrency Trading Bot vs Buy and Hold Trading Strategy’.