Coinmatics Review – How To Use This Crypto Copy Trading Platform
Torsten Hartmann
Launched three years ago, Coinmatics is an easy-to-use crypto trading platform that provides advanced copy trading and analyzing. Through its advanced copy trading strategies, Coinmatics allows traders to copy trades done by other investors in the financial sector. The main aim of this activity is for the trader to have equal chances with the investors they are copying.
Whether a novice or advanced trader, copy trading on Coinmatics can be highly lucrative. Its advanced strategies and sophisticated tools.
What you'll learn 👉
Summary
- It’s an analytic and crypto copy trading platform (similar to the leader in this respect, eToro).
- At the moment the platform provides signals from only Binance.
- For the service to be tried for free, it’s now in the BETA version
- The platform is friendly to both beginners and professionals.
Features
Coinmatics main feature is copy trading. In addition to this, the other services are helpful to professional crypto traders.
The services include;
Ticker alerts, crypto arbitrage, and analytics.
Ticker alerts
They can be set up with custom parameters for them to receive immediate information once triggered.
All information is sent to a personal telegram account.
Coinmatics provides a lot of information concerning arbitrage trading from different exchanges to find the deals that have the highest spread. This platform provides signals about the most profitable deals for both manual mode and telegram
How Coinmatics Works
One thing about Coinmatics is that it provides plenty of profitable trading strategies alongside good traders’ performance.
Scenario No1: You are an investor/ copy trader
I. You should create your own account at Coinmatics.
II. Add an API key that will connect your Binance exchange account.
III. Click the “ start copying strategy” button and choose the best strategy to follow.
IV. You can now register yourself as a trader and set the commission that you will use for copying your deals and the telegram signal fees.
V. Trade further and get additional profit.
Scenario No 2: You’re a professional trader
I. Create a personal account at Coinmatics
II. Add an API key that will connect your Binance exchange account.
III. Register yourself as a trader and set the commission that you will use for copying your deals and telegram signal fees.
IV. Trade more and get additional profits.
Read also:
- 5 Bots That Excel in High-Frequency Trading
- 5 Best Cryptocurrency Arbitrage Bots
- Best crypto grid trading bots
- Trading Bots Similar To Cryptohopper
- Is Kryll.io Legit & Worth It?
- Shrimpy.io Review
Performance and Security
To ensure security, one of the measures kept in place is that you cannot give your API key permission to withdraw.
This means that Coinmatics can not withdraw money from Binance. It only takes charges from the Coinmatics wallet.
Furthermore, Coinmatics displays the history of total and average profit, trading period, and many more for every strategy. The above feature gives you an upper chance to weigh the risk level of a particular strategy and decide whether to make a subscription or not.
It also has the two-factor authentication feature for enhanced security. 2FA should be enabled immediately after one registers on Coinmatics. Visit the security tab in your account settings to enable two-factor authentication.
Pricing
Coinmatics charges about 5% percent of the traders’ profit on the platform.
When they submit their strategies, they get a following from various investors, and from that process the crypto traders earn money.
In case the strategies have a commission, payment will have to be made by the investors at the end of the billing period. Coinmatics takes 5% of the payments.
Investors do not pay anything to the platform
The payments that need to be made are commissioned for the copy trading activities and of course the telegram subscription fees.
Note: the commission and fees go to the trader while 5% go to the platform.
You will also find that some trading strategies are free
Conclusion
Coinmatics is the premium deal for crypto beginners who are eyeing copy trading simply because the interface is user-friendly let alone having all the conditions necessary for its proper functioning.
Professional traders can however increase income by proceeding with the trade without bigger deposits or increase in risk.
FAQs
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
Please review if you want to keep this post as this site coinmatics is locking all customers withdrawals…please remove it. I undestand thst they pay you for this post, but check the situation right now and choice if you want to keep it online and promoting and scam.