Coinmatics Review [2022] – How To Use This Crypto Copy Trading Platform

Coinmatics Review [2022] – How To Use This Crypto Copy Trading Platform
Coinmatics Review [2022] – How To Use This Crypto Copy Trading Platform
Coinmatics Review [2022] – How To Use This Crypto Copy Trading Platform
It not only provides a copy of trading services but at the same time the analytical tools for professional traders are also produced.
It offers a free trial to check whether it suits the desired personal needs.
It has efficient technical support which works fast too.
It has more than 30 strategies for copy trading whose numbers grow by the day.

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

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.
Coinmatics Website Hmepage

Features


Coinmatics main feature is copy trading. In addition to this, the other services are helpful to professional 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 about deals for both manual mode and telegram

Coinmatics Ticker Alerts

How Coinmatics Works


One thing about Coinmatics is that it provides plenty of profitable trading strategies alongside with 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 your 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:

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 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.

How Coinmatics goes about pricing;

When they submit their strategies, they get following from various investors, and from that process the traders earn money.

In case the strategies have commission, payment will have to be made by the investors at the end the billing period. Coinmatics takes 5% of the payments.

Investors do not pay anything to the platform

The payments 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

Coinmatics

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 of risk.

Coinmatics

FAQs


Does copy Trading Actually Work?

It’s always not surprising for crypto beginners who want to venture into copy trading to have this kind of question in mind.

The truth is that this is not a talky way attention. Copy trading is the ultimate way to self-education on trading.

Many people passive the wrong idea that copy trading is just an easy way to make passive income. At the same time research indicates that the previous traders would kill to have this platform.

Is copy trading good for investment?

Having in mind that copy trading is totally a good idea, that fact that copy trading is just a way of automating trader’s investment strategy.

Many traders spend quality time guessing where to invest their money. Copy trading is the ultimate solution to the guesswork issue.

The fact that guessing might as well turn out great for some investors is not being dismissed but copy trading provides a  clear vision of the risks and rewards of a particular strategy.

8.2 Total Score
Coinmatics

Ease of use
9
Fees
7.5
Reputation
8
Security
8.5
Supported exchanges
8
PROS
  • It not only provides a copy of trading services but at the same time the analytical tools for professional traders are also produced.
  • It offers a free trial to check whether it suits the desired personal needs.
  • It has efficient technical support which works fast too.
  • It has more than 30 strategies for copy trading whose numbers grow by the day.
CONS
  • Lack of futures and margin trading is a major blow to Coinmatics.
  • Many users from the internet have not yet reviewed the platform and the services it is offering.
  • An amount of $50 is used as the minimum deposit to start copy trading.
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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

Torsten Hartmann

Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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