Coinigy Exchange Review | Reddit Users Speak Out
Coinigy is somewhat of a novelty in the world of cryptocurrencies. It’s a Milwaukee-headquartered, all-in-one cryptocurrency trading platform that allows users to trade digital assets on more than 45 exchanges from around the world.
The best part is the fact that it includes almost all the major and relevant, highest-volume players in the field such as Poloniex, Kraken, BTC China, BTC-e, Coinmate, Gatecoin, Gemini, Huobi, Bittrex, Cryptopia, Coinome, KuCoin, CEX.io, Bitstamp, BitMEX, Binance, Bithumb. Needless to say, Coinigy provides users with access to all their trading pairs from one secure account.
What’s more, the platform also provides comprehensive research materials regarding the crypto industry, which is bound to appeal to newbie users. The platform is accessible either through its online portal or by downloading the official Android mobile application (iOS version is currently in the works).
The platform provides access to more than 75 technical indicators, and it’s built using Google data-centers. Users can trade directly from the chart on the exchange’s interface. The interface is well-designed and it provides straightforward access to the data such as real-time API and historical data, including enterprise-grade data feeds suitable for both individuals and institutions. It’s worth noting that Coinigy also features “ArbMatrix,” a grid display of exchange prices suitable for arbitrage traders.
Unfortunately for some, Coinigy is not a free service. Users are required to pay $15 per month for the Pro Trader plan which also features a 30-day trial. With the help of the trial, users can get a feel for the platform’s features, the only real restriction (besides the obvious 30 days) being the limited session length.
The Pro Trader offers unlimited trading with no added fees, 24/7 portfolio management, mobile app access, high-def charting, the aforementioned technical indicators, unlimited chart layouts, unlimited support, unlimited API accounts, unlimited session length, and access to the ArbMatrix App. Of course, the monthly fees drop increasingly as you pay for 3, 6, or 12 months. More information can be found on the TradingView fees section.
Is Coinigy private and secure?
The short answers would be no for the first, and yes (relatively) for the latter. The platform links your balance directly to its supported exchanges. In short, all trading activity conducted through Coinigy gets linked to the exchanges.
It’s important to remember that even though Coinigy does not demand any type of identity verification, many of the supported exchanges do (especially those that support fiat currency).
However, Coinigy makes a good case in terms of security. Coinigy uses enterprise-grade security on a multi-tiered server architecture. It’s also important to note that all user data is encrypted with AES 2560-bit encryption and sensitive user data is never returned to the client. Every request on Coinigy goes through a verified and secure SSL, not to mention the fact that Coinigy supports two-factor authentication using TOTP authentication. Other security features include U2F (universal second factor) authentication, and various other API key protection measures. More information can be found on the platform’s dedicated security section.
Reddit Users Speak Out
Of course, opinions about Coinigy are quite varied. Some say that it’s too expensive, while others often argue that it’s not the case and that the overall convenience is worth the pay. Nevertheless, the general opinion about the platform seems to be a good one.
Users interested in checking out what people are saying about Coinigy on Reddit can click the following link.
It may seem like a handful, but Coinigy is a unique service in the crypto world at the moment. It’s quite clear that it’s aimed at more serious traders for which time is of the essence. With Coinigy, advanced traders can easily access all the world’s top exchanges and their features.