Coinigy is a portfolio management suite for cryptocurrency. The platform offers many different features including the ability to trade on more than 45 exchanges. It promises automatic management of wallets and exchanges across all devices you own. With headquarters based in Milwaukee, Wisconsin, the company was founded by Robert Borden in 2014. The company address in Milwaukee is provided along with phone contact. For customer support, the vendor provides an email address to which users can mail to for addressing their issues, concerns, and queries regarding the use of the platform.
The website design is a bit complex with many separate sections allotted for features, pricing, about us, exchanges, and more. A newbie trader would not feel comfortable navigating the sections to find out info about the company and its services. As for the features, the vendor focuses on here are the important ones:
- Ability to trade on 40 different exchanges with one account
- Use of the Coinigy app for Android and iOS devices
- 24/7 monitoring of the Coinigy exchange and wallet portfolio
- An uptime of 99.95
- Access to over 75 indicators and a direct chart trading facility
- Alerts via email, SMS, and in-browser feature
- Access to API data and historical data
- A wide knowledge base that includes guides and tutorials
While the features look impressive, they can be confusing to a beginner trader, especially the indicators and charting features. Another feature the platform offers is the ArbMatrix tool which helps traders to identify arbitrage trades on exchanges. The tool offers profit info on the probable profits that can be made through arbitrage trading. However, arbitrage trading has as much risk as regular trading as it is influenced by the price movement, volume, and fees.
The Idea Behind Coinigy
Coinigy was started by a team of dedicated individuals including market analysts and traders who use the principles of cryptography and blockchain to help investors profit from crypto trading. The company believes in transparent markets that help in the widespread adoption of digital currency. As per the company info, it aims to empower 100,000 people with its powerful knowledge base tools.
The core team of this company includes developers, analysts, traders, and more. Robert Borden, the founder of the company is the CEO. Other members of the team include William Kehl, Guillaume Lefranc, Allen Byron Penner, Joe Phillips, and Joe Dorff. The About Us section has all the team members listed with their images and social media links. There is no info on the experience and skills of the team members.
Safety of Coinigy and the Network
As per the info provided under the security FAQ section, the company uses many steps for ensuring data safety. These include AES 256-bit encryption, secure SSL, and multiple-level server architecture for server integrity. As with other similar platforms, the company does not handle customer funds. Instead, the funds are stored in the wallets of the exchange. Any user request is checked for XSS, Clickjacking, CSRF, and Session Impersonation attacks.
Pricing plans for the platform include a starter account that does not carry any charge. It allows you to link your exchange accounts and trade an unlimited number of times without any additional charges. Other features available which also apply to the other plans include automatic monitoring of portfolio, HD charting, technical indicator access, security, access to the mobile app, email support, and a trial period of 30 days.
The paid plans include the Pro Trader which costs $18.66 per month when you purchase the annual plan and the API Developer Pro which costs $99.99 per month for professional API access. With the paid plans you get additional features like unlimited API accounts, chart layouts, advanced order types, and priority support.
We cannot find user reviews for this platform on reputed sites like Trustpilot. Although the company has been in service since 2014, the lack of verified reviews indicates that it is not popular among crypto traders. We have already mentioned the complex interface design which can be difficult to use for newbies.
Is Coinigy a Legit Investment Service?
Our VerdictOur Verdict
- Access to more than 40 exchanges
- The knowledge base has plenty of useful info for traders
- Interface is difficult to use
- Customer support is inadequate