Coygo is a crypto platform that offers a powerful suite of trading tools that can help you master crypto trading effectively. The tools offered include crypto trading bots, arbitrage, portfolio tracing, day trading, data insights, and others. Fully automated bots are present that make it easy for newbie and professional traders.
Automated trading at Coygo: how does it work?
The bots offered by the platform including day trading and arbitrage are fully automated. You can access pre-defined strategies for the bots such as swing trading, market making, etc. Once you configure the bots, they can work on autopilot 24/7 tracking the market conditions and identifying profitable opportunities for you.
Coygo bot features
Some of the key features of the bot are:
- The bot uses a real-time WebSocket data feed that links your device to the exchange directly. This enables quicker access to order book and trade info.
- Its paper trading feature helps to test the strategy and optimize it without risking your capital.
- The arbitrage bots operate at a very fast speed of less than a millisecond enabling you to compete with high-frequency traders.
- Pre-built approaches and configurable strategies of the platform help you find the right fit for your trading style.
Coygo trading strategy: Arbitrage, Grid, Market maker, and more
Multiple strategies are present for use by traders. You can pick from the grid, market maker, dorp hunter, swing trading, and many other strategies. It is also possible to create a strategy from scratch using the Coygo Forge feature.
Steps to follow to trade with Coygo
The vendor provides a detailed guide on using the bot. Here are the steps you need to complete to begin trading with the bot:
- Choose a strategy and name the bot
- Configure the bot parameters
- Run the bot in test mode
- Disable the test mode and run the bot
Coygo fees & account minimum requirements
A free plan is available providing you access to a host of features such as real-time technical analysis and candlestick charts with MACD, Bollinger Bands, and RSI, a Screener for using filters, and dark mode.
Paid plans include the pro plan that will cost you $155 per year or $17/month. The plan provides long-term access to the trading terminal and mobile app. Under the casual plan, you get short-term access to the terminal and mobile apps. This plan costs $5 per week and $1 per day. A 5-day free trial for the Pro plan and a 2-day free trial for the casual plan is present.
The main exchanges the platform supports include:
- Coinbase Pro
- Binance US
The platform supports numerous crypto coins including BTC, ETH, Litecoin, Nano, Monero, and more.
While the vendor provides info on the various strategies and powerful features, there is no verified performance proof.
How to withdraw your funds with Coygo?
All funds are stored in your exchange and the bot does not have a withdrawal feature.
Is it a costly crypto trading tool?
When compared to the average market price, the platform offers a less expensive option, especially the casual plan.
Coygo security and safety
The exchange API keys are stored in your device and not on the servers of the platform. So the security of your funds is assured.
Coygo regulation and legitimacy
Other than the mention of the platform being trusted by more than 5,000 traders across 75 countries, the vendor does not provide info on the regulation and licenses the service has acquired.
Coygo team members
Core members of the team include Evan Francis, the CEO, Dorian Kersch, the CIO, and Ellery Addington-White, the CTO. The official site has details on the expertise and experience of the team members. However, there is no info on the founding year, location, etc.
Is Coygo customer support good?
For support, the service offers a support portal that has FAQs, guides, troubleshooting tips, and more. An email address and a live chat feature are also present.
The interface is user-friendly with easy navigation features. Plenty of details are provided on the various tools offered. However, newbie traders will find the information a bit confusing at the outset.
Is choosing Coygo the right choice for you?
For active traders, the low cost, user-friendly features, and multiple exchange support can be beneficial. However, newbies will find the service a bit complicated.
Coygo offers a full-fledged crypto service that includes automated bots, portfolio tracking, and more that allow you to keep track of the market conditions. You can gain an edge over the market with the comprehensive set of tools present here.
|Best For:||Experienced and active traders|
|Cons:||No proven track record|
|Beginners can find it daunting to use the platform|
|Minimal info on security|
Coygo Crypto Bot Conclusion
Coygo offers a diverse range of features that focus on making trading quicker, efficient, and profitable. The screener, trading terminal, dedicated app, Forge, and multiple exchange integration are beneficial points. However, the lack of a proven track record is a drawback of the system.
Ease of Use