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Firstly, there is one thing you learn fast when you step into the alt-coin game. You will see yourself registering on multiple exchanges. If you're considering how to manage all these accounts, this Coinigy Review will help you understand one solution. Here is a promising coin; there is an excellent opportunity. The game goes on and on.
Most likely, you will find all those coins scattered in various exchanges. Ok, I am registering here, and there is no problem. Keeping an overview of all your wallets and running trades is a pain.
Meanwhile, even more, the quality of the UX, the charts, or the processes of these exchanges. Ongoing issues are such a hassle from one exchange to another.
Thus, in this Coinigy Review, we ask if it makes our lives easier. Does it solve our problems? Some provide essential or profound tools for technical analysis; some do not. Well, they are here to solve that problem, and in this review, we show you why. Coinigy's subscription-based website/model is kicking it!
Likewise, we find that Coinigy seems to take a quite progressive approach to solving this problem. Coinigy is a platform that has evolved with the power of private seed funding. They built a battleship with the funds gathered.
To note, the services offered by Coinigy can be divided into three major areas. Firstly, the exchange part, secondly, the trading part, and lastly, the integrated app store. All of these features can be tested in a free 30 Day trial. That comes with a sweet bonus, which we will elaborate at the end of this review.
Table of Contents (click to expand)
Coinigy Review: The Exchange Cockpit
This cockpit is the essence of Coinigy. Imagine a single well-designed interface that lets you trade instantly on more than 45 exchanges. Like Cex.Io, Poloniex, HitBTC, Kraken, Bitfinex, Bitmex, Binance (soon to come), and all the others. The trick is to use the APIs the exchanges offer to connect your account directly to Coinigy.
This is much work to set up, but it rewards you in the long run with a one-of-a-kind trading cockpit. You will have some great charts there on Coinigy, as they use an industry leader: TradingView!
These charts are excellent, and many seasoned FX traders have switched to TradingView for its capabilities. Coinigy will parse your TradingView charts directly into their platform. From there, you have a significant advantage over Coinigy. You get all the trading options on most exchanges.
Coinigy is ready for mobile devices, so once you connect your API. You can enjoy mobile trading there. Coinigy is run on Google data centers, so it runs smoothly and is stable.
A nice feature is the app store they have integrated. This gives you the opportunity to run several 3rd party apps on your charts. However, it is not yet used in a groundbreaking way. We can see it could deliver well in the future.
Accommodating is the portfolio manager who will do an excellent job of maintaining an overview of your trading activities.
The Extras of Coinigy
Besides the better charts you get with Coinigy, you will receive several extras with your subscription.
The most important thing you get, however, is the ability to set up Take Profit and Stop-loss orders. In the world of Crypto, this is priceless. It is a very much-needed feature for disciplined trading. Only Binance offers that right now.
When we tested Coinigy with the free trial. we searched for this option. Yet we have not been able to find it. So the support team told us that this feature is locked to members who are subscribed. Further features of Coinigy are:
Arbitrage Scanner
- This tool is designed to identify price gaps across several exchanges. When the SIA hype was on, it showed us two exchanges with considerable price arbitrage for this coin. If you had bought the coins on the exchange at a low price and then transferred them to another one at a higher price, you could have made some instant profits. However, it is difficult to make gains with arbitrage trading because transaction times between exchanges are often long. Prices can move fast, and exchanges also like to lock wallets when opportunities like this arise.
- Crypto Ticker as Chrome Extension
- SMS Price Alerts
- A neat Google Sheets integration for spreadsheet-powered traders
- Newswire Module
- Marketwatch for Portfolio & market trends
There are several features in the making. We can't wait to see them released:
- A Chart Scanner, which searches for technical setups across the pairings
- A Social Scanner, which scans social networks for current trading sentiments
- A Block Explorer
The Verdict of our Coinigy Review
That is to say, Coinigy is a beautifully designed platform – no doubt. It has a great look and feel and makes sense for an active day trader. Having stakes in many altcoins on many different exchanges. Coinigy has three significant advantages:
- Firstly, the connection of all your exchange accounts on one platform
- Secondly, the option to set stop-loss AND take-profit limit orders. This is where almost all the exchanges suck, and it is a fundamental feature.
- Thirdly, the charts and trading tools provided by TradingView.
If you are an active day trader, it makes sense to have one cockpit for all exchanges – great value. If you are making investments in your coins. You won't need it, and it is too expensive for what it delivers.
The value you get for the $20/month price doesn't cut it.
You have to ask yourself the importance of having all exchanges in one place.
The option of having stop-loss & take profit will limit orders at the same time. A good portfolio manager. It is a price-alert feature that is well worth the price for you.
However, there is a lovely bonus for newbies, which is why we suggest subscribing to the free 30-day trial. Once you sign up, you will get a cute video course by email that teaches you the basics of technical analysis. Examples: (RSI, Fibonacci, Moving Averages, etc.) for free – very neat and handy.
Interested in trying Coinigy out or want to read about an alternative that we tested? CoinTracking review.
