Coinigy Definition

What Is Coinigy?

Coinigy is a digital asset trading platform that allows you to link your wallets from 46 exchanges. This one application lets you trade on multiple exchanges, monitor your portfolio, get real-time pricing, and much more.

This cryptocurrency trading and portfolio tool was founded in 2014 by current CEO Robert Borden and President William Kehl. Coinigy is based in Milwaukee, Wisconsin. Coinigy is intended to make it easier to track and trade a wide selection of cryptocurrency coins found across multiple exchanges. The platform is ideal for both new and experienced active cryptocurrency traders and investors.

Learn more about Coinigy and the services it provides for cryptocurrency investors.

Understanding Coinigy

Coinigy is intended to eliminate the difficulty of managing cryptocurrency portfolios. Coinigy is an all-in-one platform, allowing investors to manage 46 exchanges from a single location. The platform provides access to many other popular exchanges. Some of the more popular are Binance, Bitfinex, Bittrex, Coinbase Pro, Huobi Pro, Kucoin, Kraken, and Poloniex.

The platform also gives you a consolidated view of pricing data across these exchanges, which investors can use to spot exchange rate differences and take advantage of arbitrage opportunities.

Investors can place trades directly through Coinigy once their accounts are linked. This saves them time because they don't have to log in to each account. Exchange accounts are connected to the platform via an application programming interface (API).

This API allows account holders to access their accounts, check market data and account balances, place or cancel orders, and monitor cryptocurrencies placed on a watch list. All trades are placed with the investor’s exchange accounts (rather than from funds stored in the trading platform) because Coinigy does not manage deposits.

The Coinigy platform interface provides over 75 technical indicators, price updates, live exchange rates, data visualization, and direct blockchain analysis.

Customized indicators can be saved and accessed in future trading sessions, and account holders can set up SMS, email, and in-browser price alerts when using the platform. The platform offers a 24/7 exchange and wallet portfolio monitoring tool for users as well. Coinigy can be accessed from computers and mobile devices through Coinigy's iOS and Android mobile apps.

Additional Coinigy Features

Beyond the standard tools offered by the trading platform, Coinigy also operates ArbMatrix. This is a native application that shows trading pairs from across various exchanges in a grid format, allowing you to quickly identify arbitrage opportunities. This feature allows you to track thousands of different trading pairs and coins.

Regarding security, all user data is encrypted with AES 256-bit encryption, and every request on Coinigy goes through a verified and secure (ORG) SSL.

Coinigy Subscription Plans

Accounts are initially offered on a free trial basis for 7 days and provide access to the account portfolio, charts, and technical indicators. After the free trial has ended, retaining access requires selecting a subscription plan and a support plan (and the payment of a fee). The professional version does not restrict session lengths.

The fee for the professional version of the platform is charged each month, but the amount depends on how long the account holder commits to using the service. Pricing for a one-year agreement is less expensive than month-to-month pricing; subscriptions range from $18.66 to $99.99 a month.

Coinigy users have many options for obtaining customer support if necessary. Users can engage in a live chat from within their accounts and contact the team by submitting a request in the Support Section of Coinigy's website. The Coinigy team also maintains an active Twitter account and a Facebook page. Finally, there is an extensive Frequently Asked Questions (FAQ) section on the company's website, in addition to video resources via Coinigy's YouTube channel.

How Is Coinigy Different?

One of the most often advertised features of crypto trading applications is that you can use them while on the go from any of your devices. This is true for all exchanges and their applications.

The significant difference between Coinigy and the mobile applications exchanges offer is that most exchanges only allow you to trade on that exchange with their app. This limits your trading activity if the exchange you prefer doesn't support the cryptocurrency you want to invest in.

Coinigy lets you link accounts from different exchanges so that you can trade cryptocurrency without switching apps. This gives you an edge over traders that use exchange accounts because you can trade across all your exchanges in the Coinigy app.

The Bottom Line

Coinigy allows for access to multiple crypto exchanges, making it easy to manage your investments. The company has multiple indicators to assist with trading and comes with two price tiers as well as a 7-day free trial.

Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.