If you are an avid trader of Cryptocurrencies you will most likely deal with more than just one exchange, each exchange have their own set of trading tools and visualisations, however wouldn’t be better if you could have all your assets, from multiple exchanges easily accessible and tradable in one place?
Enter Coinigy
The following is taken from Coinigy’s own about me page:
Coinigy is the best way to access the global financial markets of the future. Businesses small and large rely on our data to power their decision-making.
We are a group of dedicated developers, traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry.
We built Coinigy because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. Our goal as a company is to empower 100,000 people through powerful tools and education.
So What Does Coinigy Offer Crypto-Traders
The biggest selling point of Coinigy to me personally was it’s ability to allow trading on the various Cryptocurrency Exchanges in one place, no logging in and out of Poloniex, Bitstamp, Kraken, Bittrex, Bitfinex and all the other platforms out there. With Coinigy all these exchanges can be accessed and traded with, all my assets can be accounted for and easily viewed at the click of a button.
Coinigy uses Tradingview graphs and tools so everything you could possibly want to analyse present and historical asset data, all graphs are customisable and can be saved within your account.
As well as your usual trading tools you also have some dedicated ‘Coinigy Apps’, these consist of Newswire which is an automatically updated Crypto Newsfeed, Arbmatrix which puts various trading pairs across various platforms into a grid, differences in value across exchanges can be easily spotted allowing for potential gains by buying in one exchange and selling on another. There is a feature request app, this is exactly what you’d expect, a couple more which are ‘Coming soon’ and finally ‘Market Place’ – This is likely to be your most used page, here you can view all your favourite trading pairs, you can also see your total asset value, profit and loss within various timeframes, portfolio distribution and historical portfolio asset value.
From the Marketplace you can easily see whats hot and whats not in your favourites, you can also check individual balances on all your connected accounts and wallet addresses.
Work In Progress?
Although great in many ways and there is very little, if nothing at all in the marketplace to compete with what Coinigy are offering it does feel a little like a Work in progress at times.
A number of issues are present on the platform, the most frustrating is the orderbook related issues. With automatic updates of current balances lagging actual values, open orders displaying which were actually filled or deleted long before it can all become a little confusing at times. That said, if you just ensure you manually update balances before any new trade is placed most issues can be overcome, but it is an issue and for those who need quick responding orders to be made coinigy may not be for you.
Finally, being a relatively new platform you’d expect a lot more continuous improvements to be seen on a day to day, week to week basis. Yet, in the 3 months i’ve been using the platform I have yet to see any change. This maybe just how there development process works, it is likely they’ll fix a number of issues and add more features in a single hit.
Is It Worth The Subscription
It is possible for those wanting to tryout the platform to trial it for 30 days, there is limited access in the trial, however you get to see most of the functionality that Coinigy has to offer. If you like what you see then to continue using after your 30 days trial is over you can pay $15 per month to continue access.
Because there is little else out there which can offer anything close to what Coinigy is offering then i’d have to say the subscription to Coinigy is worth every penny, the time it saves, ease of viewing, better control of your entire portfolio – all these things combined allow for higher gains potential.
There is plenty of room for improvement with Coinigy, but at the moment it’s the best there is and we have to assume the developers are on the case to make this very usable software the awesome software it has the potential to be!
Visit Coinigy today for your free trial!
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