How to start a trader account on Coinmatics

In this article, we'll show you how to create a trader account on Coinmatics.

Please note that in order to submit a strategy you need to verify your account. Go to Account Settings page to pass verification.

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 — Link your exchange account

Now you need to link your exchange account to the platform.

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 exchange you choose, our 3-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. To add the OKX (OKEx) API key, it’s also required to add a passphrase.

Please note that Coinmatics supports OKX (OKEx) V5 API key only.

Here's a video tutorial on Binance example:

Please check our guides about API settings for the exchanges: Binance, Bybit, FTX, and OKX (OKEx). 

Once you've linked your API key, you can create your own strategy.

Step 3 — Add your strategy

Go to Copy Trading --> Strategies List tab and click the "Submit your strategy" button. Fill in the fields and hit the "Submit" button. The fields should contain the following info:

Strategy name	Give your strategy a distinctive name that would make it stand out in the listing.
Select Exchange	Select the exchange from which the orders will be copied. Now there are 4 options available — Binance, Bybit, FTX, and OKX (OKEx).
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.
Trading Type	Choose the trading type for your strategy. The following types are supported: Binance: Spot, USDⓈ-M Futures, COIN-M Futures OKX (OKEx): Spot  Bybit: USDT-Perpetual FTX: Spot, Spot & Tokens, Spot & Tokens & Tokenized Stocks
Telegram Signals per 30 days	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.
Copy Trading Commission per 30 days	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.

Please note that the cross margin mode is not supported. The orders made in this mode won’t be copied by investors on Binance and Bybit! The platform also does not support Spot Margin trading type on FTX.

Here's a video instruction:

Preliminary moderation takes some time (a few business days). Once your strategy is approved, it will go into the Sandbox. You'll see the status change. The strategy will be available via a link and for those investors who enable the option to see Sandbox strategies. After 30 days in the Sandbox, your strategy will go public. From that moment, your strategy will be displayed to everyone.