CoinSignals is a cryptosystem, using an advanced artificial intelligence to scan multiple exchanges 24/7. The vendor claims that this AI-powered trading bot provides accurate entries and exits resulting in maximum profits. We are also told that all the trades are free of bias and emotion which ensures better profits.
The Telegram channel is used for posting the trades, which can be traded manually or with the use of the third-party bot. We could not find info on the company, its founding history, location, and other relevant details. For contacting support, the online contact form is provided. The insufficient support methods and lack of vendor transparency make us suspect this is not a reliable service.
From our perusal of the official site, we can see that the company divulges only the bare minimum info about the features, price, and other aspects. Some of the important aspects the firm focuses on are:
- The company generates Binance, USDT, and Bittrex signals for scalping using its proprietary algorithms.
- It also deals in signals of long and short span determined by technical analysis
- As per the vendor, the various signals of the firm have gained a profit ranging from 133% up to 350%.
- This platform supports the Bitfinex, Bittrex, and Binance exchanges.
- The BTC, USDT, USD, and USDC are the supported pairs.
To use this trading platform, you need to open an account in Binance or Bittrex. A manual or trading using the bot option is present. The company uses Cornix, a third-party trading bot that is Telegram-based.
The idea behind CoinSignals
From the minimal info provided, the vendor mentions that the platform uses a simple but sophisticated technology. The system is innovatively designed by traders with several years of knowledge. A thorough market screening is done by the AI bot which helps to prevent potential fluctuations in the market and the trades are placed via the API of your exchange. Preventive stop-losses are used for protecting your capital and the trades are safely managed by the AI bot as per the vendor.
We could not find info on the developers or team members responsible for the creation of this AI -powered platform. The lack of info related to the members, their trading experience, and other details raises a red flag. Other than the mention of the company having a skilled and professional team, there is no other info present.
Safety of CoinSignals and the network
Platform security is a vital feature that most vendors focus on. But we could not find info on the security measures this company employs to ensure safe transactions by its users. The lack of info makes us suspect this is an unreliable service.
Different subscription plans are provided for using this company. The plans include a free plan that offers basic signals, market updates, news, and events without premium content and support.
Under the paid plans, a 30-day subscription plan costing 0.01 BTC is offered. It comes with BTC updates, signals for VIP TA, Binance BOT, Bittrex BOT, and USDT BOT signals. A full-time 24/7 support is also provided.
A 90-day plan with the same features at 0.03 BTC, and an annual subscription costing 0.1 BTCare also available. The vendor does not offer a money-back guarantee which raises doubts regarding the reliability of the service.
We could not find user reviews for this Telegram Channel-based crypto signal firm. We prefer reviews from reputed sites like Trustpilot as such sites offer an unbiased view of the platform and its features. Although the official site has a few testimonials, they may be manipulated. The absence of user feedback suggests that the crypto service is not popular or is an ineffective system.
Is CoinSignals a legit investment service?
After a meticulous analysis of the various aspects of this company, we find that it is not a reliable investment option for crypto traders.
Our verdictOur verdict
- Manual and bot-based trading
- Does not provide a proven track record
- Security measures are not disclosed
- Only a few exchanges are supported