Have you ever invested in crypto in recent years? There are a lot of cryptocurrencies that are being created every year and the amount of people using crypto has increased in the past few years. Whenever you buy a cryptocurrency it is normal for traders to buy or own more than one asset.
The average crypto trader has between 3-9 cryptocurrencies in their portfolio. This range of numbers helps with risk reduction in your crypto trading. Since the market is not stable, it is best to keep your risk minimal.
When you have 3-9 cryptocurrencies, it is a hard and boring process to manage every account on a different platform. And it will create more work for you when you check one asset at a time.
Coinigy is a place where all the boring and hard tasks of managing your portfolio become simple. This is definitely critical because the world might be very complex today and having tools that help to simplify your life would be quite helpful to you.
⌛ What is Coinigy and How Long Has It Been Serving Users?
Coinigy is a cryptocurrency trading platform that simplifies the process of managing accounts on one platform.
Crypto investors manage multiple portfolios. Since the cryptocurrency market is volatile, investors invest in more than one asset. Having more than one cryptocurrency will minimize your risk.
The 80-20 rule doesn’t apply only to productivity. It can also be applied to your cryptocurrency portfolio. The 80% represents the lower-risk cryptocurrencies you can invest in. The 20% represents the higher-risk cryptocurrencies you can invest in.
Applying the 80-20 rule will help you balance the risk of losing money between the higher and the lower-risk crypto.
Coinigy was founded in 2014 but it launched in 2015. When Coinigy initially started it was a website. But later on, it changed to an App that can be used on Android and iOS versions.
Coinigy has over 750,000 traders using the platform worldwide. The number of users increased ten times since 2017 when it had around 80,000 users.
💡 Has it Gotten Great Reviews from Users?
Crypto traders use different digital wallets to manage their cryptocurrency portfolios. And traders may try out different digital wallets to choose what’s best for them. Every trader has his/her way of measuring the accuracy of a digital wallet.
Design, features, ease of use and security levels are commonly used to measure the overall performance of the trading platform. Let’s see the reviews users gave Coinigy in 2018, 2020, and 2022.
User reviews of Coinigy in 2018: Reddit users gave 9.1 out of 10 for Coinigy in 2018. As mentioned above, the design, ease of use, security, and features of the platform were each given points out of ten.
Each measure got more than 8.5 out of ten. Although it had good reviews, security was a little concerning. The platform continues to evolve and become better regularly.
User reviews of Coinigy in 2020: Coinigy spread its reach by designing a mobile version of the platform. Although it came in handy, the mobile version still looked similar to what it was in 2017. The subscription fee compared to other platforms is a little expensive.
User reviews of Coinigy in 2022: In recent years, Coinigy has given priority to the security of its users. The security and number of exchanges have increased this year. It was given 15 out of 20 for its user-friendliness.
👌 What Exchanges Does Coinigy Support?
Coinigy supports 45 exchanges as of 2022. There are three services every trading platform provides which are charting, balance, and trading.
Although there are 45 exchanges, it does not mean that you can chart, balance, or trade on every exchange.
Out of the 45 exchanges, you can see the charting, balance, and trading for 11 exchanges only. The 11 exchanges are:
- Kraken
- Kucoin
- Vaultoro
- Poloniex
- Huobi Pro
- Coinbase Pro
- CEX.IO
- Bittrex
- Bitstamp
- Bitfinex
- Binance
If you have one of these exchanges, you can make the most out of charting, balance, and trading. Also, as you can see, these exchanges provide a lot of value to the users in cryptocurrency land.
These are large entities in many cases and have a broad set of offerings. This means that Coinigy wants to ensure to work with a broad base of the right entities that have staying power.
💰 What are the Pricing Plans of Coinigy?
Coinigy has three plans that can be tried by users to help them choose the best plan. The three plans are the starter account, pro account, and API developer pro.
- Starter Account: Free account
- Pro Account: $18.66 per month when it is purchased annually
- API Developer Pro: $99.99 per month
😎 Is Coinigy Easy to Use?
The ease of use for Coinigy depends on the level of experience of the trader. If you are a complete beginner and you have not seen that much exchange before, you might need to give it time. You may need to learn and be guided for a while before you start using Coingly independently.
But even for beginners, the platform is easy to understand and has a well-organized interface you can use after learning the guides.
If you have some experience with exchanges, the interface is similar to other exchanges. Thus, you will understand and use Coinigy efficiently.
⚙️ Are the Settings in Coinigy Simple?
Coinigy is a platform that supports different exchanges on one platform. And it is designed to simplify the process for traders. Therefore, it will have more setting options and advanced features Nevertheless, Coinigy can automatically import your portfolio from your other wallets.
It can be a bit new and complex for first-time exchange users but you can learn and get familiar with the interface and settings.
You can learn from different resources about the settings and user interface of the platform. Coinigy has an official YouTube channel where you can watch and understand the platform from the creators.
The customer support section is also another way to learn about the settings of Coinigy. You will receive guides on how to understand the chart and the layout of the platform.
Learning about Coinigy shouldn’t be your concern when starting. This is because the platform has prepared guides and other ways to use the platform effectively.
🛡️ Is the Coinigy Application Secure?
As written in Coinigy’s security policy the account protection is stated as follows:
- You can set up a password that has 40 characters. You can incorporate different numbers and symbols. Face ID is also available in Coinigy
- Your encryption or user data will not be returned to you
- API keys are not stored or displayed anywhere
- Every login whether it is successful or not is timestamped by IP address
- Each failed login will result in an account lockout
- Coinigy applies or supports the 2FA which is also called Two-factor Authentication.
- Coinigy servers are well protected with a strong firewall
- Every employee account is restricted to the employee’s specific area of knowledge
Referring to the points above and given the fact that the platform has not experienced any public hacks, it is possible to say Coinigy is safe.
👨💻 How is Coinigy’s Customer Support?
As mentioned above, Coinigy offers three accounts for its users. All the accounts including the free account offer customer support.
The starter account and the pro account users can get support through email. The API Developer account users are given priority support.
Coinigy is known for providing support which makes them have strong customer service.
💸 What kind of Profits Can You Obtain from Coinigy?
Profits are not only limited to the profit you make when you trade. The profits can be time, efficiency, management ease, or trading ease.
No guarantee says you will have a profit when you use Coinigy. But the features of Coinigy can lead to having a smooth trading experience,
Seeing your portfolio in one place helps you make the right decisions and manage your portfolio well. As a result, you may make a profit because you used the features effectively.
In general, Coinigy is in its 7th year of service. Yes, it does have some features that need improvement. But it also has some of the best qualities. You can start using Coinigy with a free plan to help you decide on choosing a platform.
📢 Plan for Fantastic Results
It is important to plan for fantastic results to obtain the right results. If you are looking for great results, it is important for you to take the right actions and the necessary steps. What are the necessary steps?
Well, you need to do the right level of research. It is a good idea to know what your goals are and when you want to obtain those goals. If you know where you are headed, then you will move through your research in the best way possible. Thankfully, this guide will help you out quite a bit and will enable you to understand more about Coinigy.
Have the best of luck trading and using the right tools to make a difference in your digital asset accumulation and wealth generation journey.