Cornix Review – How Good Is This Crypto Bot? Pricing, Supported Exchanges & Features in Overview
Crypto trading bots automate the trading process and lift much of the burden from their users’ shoulders. With the correct configuration, they can access your trading history, place and execute orders, and manage your portfolio properly.
Because of the versatility of trading bots, they have proliferated in recent times. However, not all of them are worth your attention and investment. That is why we will give you an in-depth review of one of such bots, the Cornix trading bot, in this article.
After reading through, you will be better equipped to know if it’s something you should go for.
WHAT IS CORNIX BOT?
Cornix is a Telegram-based crypto bot that handles your trades and manages your portfolio, all from your Telegram account. It was launched in 2019 and is touted by some to be one of the best signal providers because of its simple interface and user-friendly mechanisms. Even though it mainly deals with Telegram, it is also present on Discord.
Apart from the fact that Cornix is integrated with TradingView, it also allows you to customise your trading experience as much as you can by means of multiple entries, personalised take-profit and stop-loss settings, as well as an optimised configurations channel.
These features have made Cornix a trading hub for both beginners and experts, with few downsides. In addition, Cornix has a mobile application which allows users to utilise its services on the go without needing to log into their exchange account.
CORNIX BOT FEATURES
SIGNALS FROM TELEGRAM AND DISCORD CHANNELS
Cornix provides its trading services in collaboration with about 180 crypto signals groups on both Telegram and Discord. It doesn’t give any signals on its own but automates your trade orders based on the signal provider you integrate your Cornix account with.
On the Cornix Interface, you can either follow all signals automatically or manually. If you’re the Admin of the Telegram group, you can also edit and delete signals as you like. You are in complete control; Cornix merely replicates your signals in real-world trades.
Cornix also provides integration with some Discord signals groups. All you need do is follow the discord invitation link provided on their website, and the bot takes over. You will need to authorise and activate the bot for auto-trading before automating your trades. You can also connect your Discord with your Telegram account and sync both on the Cornix interface.
SINGLE INTERFACE FOR MANUAL TRADING
With Cornix, you don’t have to worry about jumping from one exchange tab to another to keep tabs on your various investments. You can view them all in one interface on your Cornix account. This makes it easier for you to assess trading decisions across your multi-exchange portfolio and determine how profitable they are.
You can open simultaneous trades in as many exchanges as are supported on the platform and manage them in one place. Remember that you’re still responsible for the trading decisions you make, though. You can still get liquidated, depending on the signal you choose. Therefore, put that in mind before opening multiple trades across exchanges.
TradingView Alerts and Pine Scripts
To integrate your Cornix account with TradingView alerts, follow the steps below:
- Ensure that you have a paid TradingView plan
- Open your Cornix profile from the web and click on the ‘TradingView’ section on the left Dashboard
- Fill in the parameters as required and click on ‘Create’. You will be given two UUID codes
- Open your TradingView profile and click on ‘Chart.’
- From there, click on ‘Create an alert.’
- Enter the parameters as required. The UUID refers to the codes given to you after following step 3
- Click on ‘Create’, and you’re all set!
HOW DOES CORNIX WORK?
Cornix is an auto-trading bot that aggregates thousands of signals by hundreds of signal providers and executes the one best suited for you. It doesn’t generate signals on its own; instead, it trades those signals for you, relieving you of the burden of having to sort through signals all day.
By means of API integrations with eight different crypto exchanges, as well as TradingView alerts, Telegram and Discord, you can rest assured that Cornix will handle all the complex trading actions for you.
You do not need to be online for your trades to be automated. Cornix is a cloud-based service; as long as you’ve set the necessary parameters, it’ll keep running.
Also, you can use Cornix for free for a maximum of 14 days. After that, you have to subscribe to one of the paid plans to keep using the service. It is only after subscribing that you can have access to the mobile app for download.
Let’s talk about the subscription plans now.
WHAT DOES CORNIX COST?
There are four different payment plans on Cornix. They are:
The free plan: This plan exposes you to all the benefits of the PRO plan package(the highest paid on the list) for free for 14 days. You don’t need to enter any credit card details before accessing this. You simply sign up and start using the service. When your 14 days are up, you can then choose between any of the following three plans.
The Basic Plan: This is the first paid plan. It currently goes for $24.9 monthly(or 19.9 if paid yearly). It allows you to integrate Cornix with your Telegram bot, gives you primary APY slots for manual trading, lets you set concurrent stop-loss and take-profit orders, and offers trailing functionality.
The Intermediate Plan: This is the next plan. It goes for $32.9 monthly(or $26.9 if paid yearly). In addition to the features offered by the basic plan, it also allows for automatic signals following.
The Pro Plan: The most expensive plan on the platform. It’s $48.9 monthly or $38.4 if paid yearly. This is the plan that offers you access to the Cornix mobile app. In addition to that, you also get a web interface, TradingView integrations, and optimised channel configurations.
If your subscription expires, the bot will manage your trades for the next two days. After that, it stops automating your orders until you top up your subscription.
WHICH EXCHANGES WORK WITH CORNIX?
There are eight exchanges that are compatible with Cornix. They are:
You can create only two API slots per exchange. If you subscribe yearly, it’s extended to three slots per exchange. If you need additional slots for an exchange, you have to pay $200 per year for each extra slot.
HOW REPUTABLE IS CORNIX? IS CORNIX LEGIT?
Consider the following facts:
- Like most other crypto trading bots, Cornix does not ask for withdrawal API permissions. It only asks for access to your trade logs as well as order books. Therefore, there is no danger of losing funds when you sign up with Cornix.
- It has never been hacked. It also uses a secure payment processor for its payments, ensuring that no one gets access to your credit card details
- It doesn’t create signals by itself. It merely acts on the signals created by your chosen signal group. So, even if there would be a trading loss, the loss will not be from Cornix.
REGISTERING AND SETTING UP CORNIX
There are two ways you can open an account with Cornix. You can either go through their website or directly through Telegram.
First things first, you would need to have a Telegram account. You can’t proceed without one. If you want to go through the website, click on ‘Get Started,’ and you will be redirected to the Telegram bot page. If you want to make things faster, go through Telegram directly and search for @cornix_trading_bot.
The next step is to submit the necessary information. After clicking on Start on the Telegram bot, you will be ushered into a new window to submit your name, email address, and password. Then verify your email address and link and validate your Telegram account as directed.
When that is done, all that’s left is to connect your exchange to your Cornix account using your API keys and select a trading configuration.
Altrady is a powerhouse of crypto trading tools that allows you to manage and diversify your portfolio across multiple exchanges. It was established in 2017 and supports more exchanges than Cornix (13 in all). Its features include smart trading, trading analytics, real-time market alerts, responsive customer support, and a mobile application.
There are three payment plans on Altrady, the Basic, Essential, and Premium plans. Like Cornix, it also has a 2-week free plan. In addition, you can subscribe to a Signals only package for a lower price.
Zignaly is a crypto bot service that was launched in 2018. The bot service is not as detailed as Cornix. However, Zignaly offers some benefits that Cornix does not. For one thing, Zignaly provides a free service. You do not pay to use the bot; you only pay a percentage of your earnings if your trade is successful. However, it supports fewer exchanges and may be location-restrictive.
Coinrule was founded in the United Kingdom in 2017. It is a bot service that provides a free version, works with over ten exchanges, and offers military-grade security. In addition, it has a strategy tester where you can backrest your own rules to see how well they work in real trade scenarios. Its paid plans range from the Hobbyist (at $29.9 monthly) to the Pro (at $449.9 monthly).
FREQUENTLY ASKED QUESTIONS
- It doesn't initiate withdrawals for you. It only manages your trades and portfolio according to the rules you set. Therefore, your assets are safe.
- They have a responsive support team that attends to complaints 24/7
- It supports all the major exchanges.
- It has a mobile application which further simplifies the trading process
- There is a 14-day free trial period if you do not like their services.
- It's pretty affordable
- It has a clean interface with advanced trading features
- It also provides tutorials, guiding newbies and experts alike.
- It is easily integrated with many Telegram signals channels
- It has a referral program, giving referees 20% of their referrals' subscription payments.
- It only operates via Telegram or Discord
- The app is not available for free users. You only get it if you've subscribed to Cornix PRO
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