Coinigy is a cryptocurrency trading platform that you can use to make trading a bit more easy and organized for yourself. But is it worth the price? And what are the upsides/downsides to it? These are all questions that need answered before you go out and decided whether or not you should use it.
In this Coinigy review I’ll be going over all that you need to know (well all that I think you need to know). I’ll be going over how it all works, whats nice about it, some of the problems it has and more.
As stated, Coinigy is a crypto trading platform. However, don’t get this confused with a trading exchange itself… like Bitrrex or Binance. When you trade on Coinigy you aren’t actually trading on Coinigy… I know this sounds strange but it isn’t. You see Coinigy is just a trading platform that you can hook up to your trading accounts at exchanges like Bittrex, Binance, HitBTC, Kraken, etc.
Its nice because you can trade from all of your exchange accounts right on one platform. This makes it easier to keep things organized and besides this there are some other upsides to using this platform, which I will go over first.
Coinigy uses your standard price charts that you will see for any sort of financial trading…
And when it comes to charts Coinigy is as good as it gets. You can do just about anything you can think of with this chart. You can choose any candle size from 1 minute to 1 month, you can put the entire chart in line format if you don’t like candles, you can zoom in, you can zoom out, you can lengthen/shorten the price range on the y-axis… you can do all sorts of things.
They have just about every indicator out there that you can use to help predict whats going to happen in the market. If you are looking to use Bollinger Bands, RSI, Moving Averages, MACD, etc… they have it. Right now they have close to 100 different indicators that you can use.
You can also draw directly on the charts which gives you somewhat of an advantage. You can go through drawing things and they will stay on the chart even when you leave to view another chart or something like that. This can help you remember things that you might want to take a second look at later, .. things like this. You can also easily erase drawings if you are finished with them.
Whats also nice about the visuals they give you is that you can see your buys/sells right on the chart. If you look above you can see red and green arrows… these are buys (green) and sells (red) on a trade a made with Ethereum. This is a lot easier than looking at a bunch of numbers and trying to figure everything out.
And besides the charts you can also look at the order book right there on Coinigy to try to predict where the price might go.
Coinigy makes alerts easy. You can set alerts anywhere on the chart. You can drag your alert to any price point and you will be notified when it goes below or above it. You can choose to receive alerts via text and/or email which is nice and convenient.
The buys/sells are similar. You can drag them around the chart to anywhere, or you can just type in the exact price. You will also receive alerts when a buy/sell goes through. You also have the ability to place stop limits if the exchange you are trading through allows it. This way you can place a trade, go to sleep, and not worry about losing tons of money.
As I said earlier, you can connect a bunch of different exchange accounts to Coinigy and trade all from here. Not every exchange works with it but many do and allow you to hook them up through API keys.
I almost forgot to talk about the support. Coinigy offers great support and this is something that you probably wouldn’t expect. Most newer age companies offer horrible support and its like you have to figure out everything for yourself.
Coinigy is great. You can submit a ticket about any problem to them and they get back to you pretty quick (I’d say no longer than a couple days at most, usually much faster).
You Can Go to Coinigy.com To Start a Free Trial
Coinigy is great but its not perfect. They do have a fair share of problems, most of which I think will hopefully be worked out as time goes on.
Not Every Exchange Is Supported
You can look at the different charts on just about every exchange but not every exchange allows you to trade through Coinigy. This can be a pain. I know they are still working on getting full functionality trading with more and more exchanges so this will be interesting to see where this ends up.
Buys/Sells Not Showing Up
There are times when Coinigy is a big laggy. Sometimes you will place buys/sells through Coinigy, they will go through, yet they will not show up as having went through on Coinigy. So what I have to do sometimes is go to the actual exchange, Bittrex for example, and check on my buy/sell. Then come on back over to Coinigy and refresh the page (which sometimes works).
Going along with this sometimes the buy/sell arrows will not appear on the charts, which is also annoying.
This is all bad, annoying, and a pain… but I’m honestly now worried about it. Coinigy is making updates all the time and a small technical issue like this is nothing. I have seen improvements on certain things like this recently too which is nice.
Worth The Price?
Honestly I think it is worth the price if you are a seasoned veteran trader or new to it all. I actually started with Coinigy when I just started trading crypos and I think it makes the whole process a bit easier. Sure there are some downsides to it that I just went over, but I only see this platform getting better as time goes on. And even with these little problems I would still say its worth the price.
Right now the price ranges anywhere from $19.99/mo to $15.42/mo depending on how often you choose to pay…
And here is a list they give you of everything you are getting…
They are also offering a free trial right now that you can sign up for here. I’m not sure if this is something they will always offer or not.
If you have any questions about anything let me know in the comment section below. I’ll get back to you soon. There is a lot that I couldn’t cover here.