Home Crypto Coygo Review: Should You Use This Trading Bot?

Coygo Review: Should You Use This Trading Bot?

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Coygo Review: Should You Use This Trading Bot?

Coygo is a fully automated crypto trading platform that supports inter-exchange and intra-exchange bots. It views real-time insights, including analysis order book superiority, and requires no API keys. The service also offers simple transfers between exchanges. To know more about this bot, have a look at the complete review and get to know its possible advantages and disadvantages. 

Coygo

Coygo overview

Founded in 2018, Coygo is based in San Diego, CA, USA. Evan Francis is the company’s CEO, a full-stack engineer with Dorian Kersch as CIO, and Ellery Addington-White as the CTO. 

The bots on the website have no backtesting records. This product is available for macOS, Windows, and Linux and supports different strategies according to the user’s needs. The most famous methodology is crypto triangular arbitrage available on all supported exchanges. Traders have access to a mobile application that can be used to analyze and view real-time charts. 

Coygo quick summary

Some of the critical aspects of this trading bot are given as:

  • Multi exchange crypto trading robot
  • Unified API
  • Rapid Transfer between exchanges
  • Portfolio tracking
  • One-click trading
  • Smart order routing
  • Available on a Web browser and Phone
  • Safe and secure

How does it work?

Running and creating a trading bot is as follows.

  1. Choose one of the bots available on the website
  2. Attach it to the exchange using the API key
  3. The robot will start placing trades as soon as the connection is established
Crypto trading bot running in real-time.

Coygo reputation

Coygo is a fast, simple, and secure trading platform used by over 2500 traders from 75 countries. The company claims to be one of the best, but no reviews are available on third-party websites.

What crypto exchanges are supported?

Coygo offers services in the following exchanges:

  • Coinbase
  • Coinbase Pro
  • BINANCE
  • POLONIEX
  • Kraken 
  • BITTREX
  • GEMINI
  • BITFINEX
  • bitFlyer
  • Bitstamp
  • Kucoin

Coygo is working for support on more exchanges in the future.

Price

The pricing includes three options: free, pro, and Casual plans. The free plan is best for testing, but other features are unavailable.

The Casual plan is for retail traders who do not trade regularly and comes with an asking price of $1/day or $5/week.

Pro plans are suitable for active traders available via monthly and yearly plans for $17 and $155. 

Pricing with different plans on the Coygo website.

Security and privacy of Coygo

One of the main aspects of a crypto trading bot is security and privacy. It does not have access to the investors’ information. 

This means that only the user, and no one else, will be able to view their account. Data, APIs, or money is only accessible by the trader. This way, it is not possible to hack into the investor portfolio.

What about the customer support?

Customer service is provided via different channels like live support, contact form or read the guide and FAQs. The live chat option is not available 24/7. It is only present when the staff is in the office. After filling out the customer portal form, you will be contacted through your email. 

Unfortunately, no customer reviews are available on Trustpilot or third-party websites from where we can analyse the trading experiences of its users.

Profitability of Coygo

There are multiple algorithms available on the website, and most of them use an arbitrage strategy. This approach is only valid when the market is ranging. As Coyho supports arbitrage robots, it can be hard to generate profits when the instrument is volatile.

Deposits, withdrawals, and fees

Coygo lets you create orders with specified sums like $50, $100, $250, and $500. You have the option to view and cancel all open orders. You may track your portfolio across all exchanges using a simple interface and keep track of your progress by listing your USD, BTC, or ETH holdings. 

Advantages of Coygo

No third party in between

There are no third parties involved between the bot and the exchange. All the orders are routed directly to the trading account.

Preset filters

The algorithms are available with set files and all the coded information, which new users can easily access.

Disadvantages of Coygo

Live support is not available 24/7

The live support is only available when the admins are present in the office.

No authentic customer reviews

There are no customer reviews present on noted websites such as TrustPilot. We cannot know the general viewpoint of the community regarding the service.

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