Coinigy Review 2024: Features, Pricing, Pros & Cons

Our Coinigy review will dive deep into its core features, pros & cons, pricing, and more. With thousands of coins, fluctuating prices, and a vast network of exchanges, tracking the crypto market has never been easy. But, Coinigy offers a centralized hub for managing your entire crypto portfolio, executing trades, and monitoring real-time market data. Let’s review it in detail!

Key Takeaways:

1. Coinigy is a comprehensive cryptocurrency platform offering portfolio tracking, multi-exchange trading, technical analysis tools, and real-time market alerts.
2. The Coinigy app can connect to over 43 popular cryptocurrency exchanges, allowing you to trade across multiple markets without switching accounts.
3. Coinigy offers a free 7-day trial plan with basic features, as well as paid plans starting at $18.66 per month.

Coinigy Review: At a Glance

What is Coinigy?

Coinigy is a multi-exchange trading platform designed to help traders manage their cryptocurrency investments. It acts as a central hub where you can connect all your crypto wallets and accounts from various crypto exchanges (like Binance, Coinbase, Bybit, etc.)

Currently, it supports over 43 crypto trading platforms. Instead of checking each exchange separately, Coinigy shows your entire cryptocurrency portfolio in one place. You get a clear overview of your holdings, their current value, and how your investments are performing over time. 

It also lets you directly buy and sell cryptocurrencies across all your connected exchanges from its interface. While it allows trading, your actual cryptocurrency assets are never held by Coinigy, reducing the risk of loss from a platform breach.

Coinigy provides professional-grade charting tools to analyze price trends. You can also set up price alerts, trade notifications, and even customized trading strategies. 

Pros of Coinigy

• Coinigy connects with many popular cryptocurrency exchanges, giving you lots of trading flexibility
• The mobile app is available for easy on-the-go trading
• Utilize advanced technical indicators and drawing tools to make informed trading decisions
• Easily connect and manage your portfolio on your decentralized non-custodial crypto wallets
• The user data is highly secure, as it is encrypted with AES 256-bit encryption

Cons of Coinigy

• While there’s a basic free plan, accessing all trading features requires a paid subscription
• Not all advanced order types may be available compared to trading directly on some exchanges

Key Features of Coinigy

Crypto Exchange Portfolio Monitoring

One of its core strengths is the wide range of supported crypto exchanges and wallets. You can easily monitor your crypto portfolio across all supported exchanges and wallets. This integration is achieved by using APIs (Application Programming Interfaces).

Coinigy currently supports over 43 popular cryptocurrency exchanges, such as Binance, Coinbase, Kraken, and KuCoin. In addition, it also integrates with a variety of wallets – both hardware and software-based. Some prominent examples include Trezor, Ledger, MetaMask, and Exodus. Wallets can be integrated using “Blockchain addresses”. 

You will get a consolidated view of your cryptocurrency holdings across all connected exchanges and wallets. This includes balances, order history, and portfolio performance over time.

Boards (Advanced Charting Tools)

Think of Coinigy Boards as a completely customizable dashboard for your cryptocurrency trading activities. On a single screen, you can design a layout that pulls together all the critical market data you need.

Coinigy Boards integrate real-time charts. These are sourced directly from your preferred exchanges. These charts allow you to monitor price movements in real-time and apply the technical analysis tools you need to make informed trading decisions. 

Additionally, you can dive into the order books of various exchanges through Boards. This gives access to market liquidity as well as prevailing supply and demand dynamics. 

You can also integrate news feeds. These feeds help you quickly identify potential market-moving events. The Boards aren’t just for your own use. The platform encourages a collaborative environment where you can share your custom Boards with other traders. This means you can see the market through the eyes of experienced traders or borrow a successful layout to optimize your own workflow.

Price Alerts

Coinigy’s Price Alert feature can be considered a constant market monitoring tool. It allows you to define specific price points for cryptocurrencies of interest. When these price points are reached, you will be immediately notified.

To set up a price alert, you will navigate to the “Alerts” section of the Coinigy platform. Here, the exchange, cryptocurrency, and desired price threshold are selected. Notes can also be added for future reference. Once configured, Coinigy will monitor the alert, and a notification will be generated when your target price is met.

Coinigy offers flexibility in how you receive your price alerts. Options include email and in-platform notifications. This ensures you are notified in the manner most convenient for you. The premium version also offers SMS alerts.

Crypto Screener

This tool scans thousands of coins across multiple exchanges in real-time. You can use technical indicators (like RSI, MACD, and many more) to filter which coins or tokens catch your eye.

Think of it this way: You might be looking for coins with low volatility but high trading volume to signal potential stability. Or perhaps, you’re more of a risk-taker seeking coins that show a rapid surge in price with increased social media buzz. 

This is the best alternative to popular screener tools like CoinMarketCap and Coingecko. 

ArbMatrix

The ArbMatrix is all about sniffing out those crypto arbitrage opportunities. Arbitrage involves buying a cryptocurrency on one exchange where the price is lower and simultaneously selling it for a higher price on another exchange, potentially pocketing the difference. This is where the ArbMatrix’s eagle eyes come into play.

The tool constantly scans multiple exchanges, comparing the prices of various coins. It visually displays potential arbitrage opportunities with calculations of possible profit. 

Returns Radar

Returns Radar presents the percentage change of over 4,700 cryptocurrencies and fiat currencies across monthly and quarterly periods. This lets you easily spot trends and identify assets that have historically performed well (or poorly) during specific time frames.

You can use the insights gained from Returns Radar to make strategic trading decisions, such as identifying potential breakout coins, finding assets suitable for long-term investment, and timing market entries or exits.

Returns Radar uses color-coded heatmaps to display percentage changes, making it easy to see the big picture at a glance. You can filter the data to focus on specific assets, time periods, and percentage change brackets.

API Integration

The Coinigy API grants you programmatic access to a variety of features within the platform. Here’s what you can do with the API integration:

• Market Data: Retrieve real-time prices, order books, trade history, and other market data from the exchanges connected to your Coinigy account.
• Portfolio Management: View your portfolio balance, holdings, and order history across various exchanges.
• Trading Operations: Place orders (buy, sell, limit, market), modify open orders, and cancel orders directly through the API.
• Automate Trading Strategies: Implement custom trading bots and algorithms that execute trading decisions based on triggers and market data from Coinigy.
• Notifications: Set up alerts and notifications for price changes, trade actions, and other important events.

Historical Data

Coinigy offers historical market information for Bitcoin and numerous other cryptocurrencies. This data comes in two formats: RAW (showing every trade) and OHLCV (displaying Open, High, Low, Close, and Volume). You can access this data as a tab-delimited CSV file.

This is the best way to visualize how a coin’s price moved over days, weeks, months, or even years. You can see the highs, lows, and overall trends. This shows you how actively a coin was bought and sold at different points in time. High volume can indicate strong interest, while low volume might suggest less market activity.

Coinigy Affiliate Program

Their affiliate program allows you to share Coinigy with your network and earn a commission for every person who signs up for a paid subscription using your unique referral link. For each successful referral who becomes a paid Coinigy subscriber, you’ll earn $15. This credit accumulates in your account, and you can also redeem it to offset the cost of your own Coinigy subscription.

Coinigy Pricing: Is It Free to Use?

Coinigy offers a 7-day free trial for you to explore its platform. After the trial period, you can choose from subscription plans starting at $18.66 per month for the Pro Trader tier and $99.99 per month for the API Dev Pro tier.

With Coinigy monthly subscriptions, you get access to features like unlimited exchange integration, zero-fee trading, charting with 75+ technical indicators, automatic portfolio tracking, mobile app access, and unlimited API accounts.

Here is the full Coinigy price overview:

Coinigy Security Review: Is It Safe?

Yes, Coinigy is a safe platform to use with various security measures such as:

• Data Encryption: Coinigy uses a very strong type of encryption called AES 256-bit to protect your important information. This makes it almost impossible for hackers to read your data.
• Secure Communication: All communication with Coinigy’s servers occurs over SSL (Secure Sockets Layer) connections. This ensures that data transferred between your browser or mobile app and the platform is protected against interception.
• API Key Protection: It keeps your API keys extra safe by encrypting them – that means scrambling them up so they’re hard to read. They never show you the unencrypted key once you’ve entered it. Plus, Coinigy suggests you limit what your API keys can do on the exchange, giving them only the permissions needed for the platform to work.
• Two-Factor Authentication (2FA): You can use both TOTP (Time-based One Time Password) Authentication and U2F (Universal Second Factor) Authentication. TOTP is a free option where you use an app like Google Authenticator on your phone to generate a code that changes every few seconds. U2F lets you use a physical security device, like a special USB key (Yubikey or Trezor). 
• Internal Security: It uses multiple security measures to protect its servers. These include firewalls (like digital barriers to block bad traffic), systems to detect hacking attempts, and regular audits to find any security weaknesses.

Coinigy Customer Support

Coinigy offers several ways to contact their customer support team. The most direct way is through their Support Center. Here, you’ll find a comprehensive knowledge base of articles covering the platform’s features, troubleshooting FAQs, and tutorials. 

If you can’t find the answer you’re looking for, they offer a ticket-based support system where you can submit a detailed request for assistance. It appears they don’t offer a live chat option, which some users may find less convenient.

Coinigy Mobile App

The Coinigy app is available for both Android and iOS devices. It’s designed to be your on-the-go crypto management tool. You can connect your exchange accounts, monitor your portfolio in real-time, and even execute trades directly from your phone.

One of the main draws of the Coinigy mobile app is convenience. As a crypto enthusiast, being able to check your portfolio, market data, and set alerts without being tied to your computer is a major perk. The mobile app is well-suited for those moments when you need to react quickly to market changes.

Coinigy Competitors: Alternatives to Consider

How to Use Coinigy?

Here’s a comprehensive step-by-step guide on how to use the Coinigy platform

Step 1: Create an Account

To begin using the Coinigy app, the first step is to create an account. Visit the Coinigy website and find the “Sign Up” button. The process is simple and usually involves providing your email address and creating a password.  Once complete, you’ll likely receive a confirmation email – follow the instructions to activate your account.

Step 2: Connecting Your Exchanges

After logging in, look for the “Accounts” section. Here, you’ll see options to add your exchange accounts. Click “Add API Keys” and select your preferred exchange from the list.

Each exchange has a slightly different process for generating API keys, essential for establishing a secure connection with Coinigy. Usually, you’ll need to log into your exchange account, navigate to API settings, and create new keys. 

Be mindful of permissions; typically, Coinigy requires read-only permission for portfolio tracking or trade-only permissions to protect your funds. Once you have the API key and secret from your exchange, enter them into the relevant fields on Coinigy.

Step 3: Track Your Portfolio and Execute Orders

Coinigy meticulously tracks your portfolio over time. Look for the section “Portfolio” displaying historical balances, trade histories, and realized or unrealized gains/losses. It will also display a portfolio in the form of a bar chart or line chart.

If you’re ready to trade, Coinigy allows you to buy and sell cryptocurrencies directly on its platform.  Find the “Order” section. Choose your desired exchange, trading pair, order type (market order for immediate execution, limit order for a specific price), and the amount you wish to trade. Double-check everything before hitting that “Buy” or “Sell” button.

Conclusion

To sum up our Coinigy review, it offers a lot of power for users who want to seriously manage their cryptocurrency portfolios. The platform definitely shines when it comes to its charting tools, data, and the number of exchanges you can connect. 

If you’re managing multiple accounts across different exchanges, Coinigy can be a lifesaver. Additionally, the ability to monitor your holdings and set alerts is a huge advantage for staying on top of market movements. However, there are areas where Coinigy could be better. The interface, while improved, can still feel a bit dated or cluttered. Some users might find the learning curve a little steep initially.

FAQs

Is Coinigy a good app?

Yes, Coinigy is considered a robust and dependable platform for experienced multi-platform crypto traders. It is a good app due to its extensive exchange and wallet compatibility, analysis tools, and portfolio management. Additionally, Coinigy automatically updates portfolio information, exchange balance, profit/loss calculations, and overall performance metrics. You can also set up alerts and notifications for price updates.

How does Coinigy work?

Here are the steps on how Coinigy works:

• Firstly, you need to create an account and generate an API key.
• Now, crypto exchanges and wallets are securely connected to Coinigy using API keys.
• Once connected, relevant data such as assets, balances, and trade history is pulled from your exchanges and wallets and displayed within a consolidated Coinigy dashboard.
• In this dashboard, a wide range of charting tools and indicators are made available for analyzing market trends and pinpointing potential trading opportunities.

How much is Coinigy?

Coinigy offers a free 7-day trial and monthly subscription plans. The Free (Starter) plan gives you the basics, including the ability to track your portfolio, set some basic price alerts, and use simple charts.

If you need more advanced features, the Pro Trader plan ($18.66/month if billed monthly) is the next step up. Finally, for professional traders and developers, there’s the API Developer plan ($99.99/month if billed monthly). 

Does Coinigy have trading fees?

Coinigy doesn’t charge fees on top of the trading fees imposed by your connected exchanges. When you trade through Coinigy, you’ll still pay the standard fees of the specific exchange you use for that trade. For example, if you have connected to Binance or Bybit, you will still pay a 0.1% maker/taker fee for spot trades.

Who is the owner of Coinigy?

Robert Borden, who is the current CEO, founded Coinigy in 2014. The company is headquartered in Milwaukee, Wisconsin.

Who are Coinigy competitors?

If you’re seeking alternatives to Coinigy, Altrady and 3Commas stand out as the best options. Both offer portfolio tracking, multi-exchange trading, and market screeners, ensuring comprehensive trading support. While Coinigy lacks trading bot functionality, both Altrady and 3Commas provide this feature, empowering users with automated trading strategies.