In this article, we'll show you how to open a trader account on Coinmatics and attract followers.
Step 1 - Registration
To register on Coinmatics, click the "Sign Up" button and enter your email. You can also use your Google or Twitter account to register. In this case, the email will be taken from the respected account.
If you register with your email, we'll send a confirmation message with an activation link:
Click the button in the received message, and you'll be redirected to a window where you can complete your registration by creating your username and password:
Once you create an account, you'll be offered to enable two-factor authentication. It's optional but we recommend this option for security reasons.
Step 2 - Exchange account
Now you need to link your exchange account to the platform. We'll explain it on Binance example.
Coinmatics learns about your trading activity via an API connection. Therefore, you need to use your API key to link the platform with your exchange account. Go to the Accounts tab and click the "Add account" button. You'll have an option to create a brand new API key or use an existing one (that you've already created on your own). Whatever you choose, our 4-step setup guide will ask for your API key details on step 3. You'll need to provide both your API key and its Secret key.
Here's a video tutorial:
You as a trader need only "Can read" permission in API restrictions. If you don't plan on copying other strategies, Coinmatics does not need to make deals on your exchange account. Therefore, Spot, Margin, and Futures trading are not obligatory. And remember to never select the "Enable withdrawals" option - only you should be able to withdraw funds.
Once you've linked your API key, it's time to create your own strategy.
Step 3 - Strategy
|Strategy name||Give your strategy a distinctive name that would make it stand out in the listing.|
|Description||Describe your trading strategy, for example: “Only top coins. I calculate profit in BTC. I do risk management.” This should give investors enough information to briefly understand how your strategy works. A good description increases conversion.|
|Base Currency||Choose between USDT and BTC; remember that you cannot change it later. The base currency is the coin in which all your results are calculated. You can have numerous coins on your account, but the system will calculate your total in base currency. If you choose BTC, for example, all your coins will be “virtually” converted to BTC and therefore a total account value will be estimated.|
|Telegram Monthly Price||Set the price for subscribing to your signals in Telegram or provide them for free. Don't worry, you won't have to send any signals manually; our system will do it for you in automatic mode.|
|Auto Trading Commission||Set the commission that your subscribers will pay for copying your trading strategy automatically. Remember that a big amount may scare away some investors.|
|Choose Account||Choose the API key related to your account dedicated to this strategy activities.|
Here's a video instruction:
The moderation takes some time. Once your strategy is approved, you'll see the status change. From that moment, you will be able to find it in the strategies rating.