Exploring the New Automated Crypto Trading Bot, Cornix: A Safety Review

Overview

As cryptocurrencies continue to capture the attention of investors worldwide, the barrier to entry for trading appears less intimidating than many might assume. In fact, trading is accessible to everyone, a notion further simplified with the advent of automated trading platforms. We’ve previously delved into several established bots (including Coirule, Bitsgap, Cryptohopper, among others), highlighting their functionalities and user benefits.

Trading with these bots has become commonplace, but our quest to stay abreast of the latest industry innovations drives us to explore new tools, evaluating their efficacy and the validity of their claims through thorough testing and user feedback.

Enter the Cornix crypto trading bot, a new contender that caught my attention through its straightforward approach and promise of accessibility, regardless of one’s trading experience. Cornix offers an extensive selection of trading strategies, compatibility with leading crypto exchanges (such as Bybit, Binance, Huobi, Bitmex), transparent operations devoid of hidden charges, and round-the-clock customer support—a truly appealing package.

Cornix sets realistic expectations, refraining from outlandish profit promises right from the start. An attractive feature is its 14-day free trial, which notably doesn’t require credit card details, a gesture that builds trust among potential users. This trust is further bolstered by favorable reviews on reputable platforms like Trustpilot, where it boasts an impressive average rating of 4.4.

This review intends to scrutinize the Cornix bot’s claims through a combination of user testimonials and our hands-on experience during the trial period. Our goal is to provide a comprehensive guide to navigating the complexities of crypto trading, particularly through automated platforms, aiding you in making informed decisions in this dynamic market.

What is Cornix bot?

The Cornix trading bot emerges as a favored choice for those inclined towards automated trading or eager to explore it. This platform presents a streamlined approach to executing cryptocurrency trading signals, accessible both from your smartphone and desktop. It facilitates effortless integration with your cryptocurrency exchange accounts, whether through API keys or a straightforward click on the relevant exchange icon, including popular platforms like Bybit and Binance.

How does Cornix trading work?

Cornix trading operates distinctively from traditional trading methods, which often demand constant vigilance and manual intervention. The cornerstone of Cornix’s approach is its integration with Telegram and Discord channels. These channels are rich sources of trading signals generated by seasoned traders, enabling users to capitalize on profitable opportunities and mitigate losses without the need for continuous monitoring.

An alternative strategy available on the Cornix platform involves utilizing a Dollar-Cost Averaging (DCA) bot. The DCA strategy involves dividing the total investment amount across multiple purchases to average out the buying price, thus diminishing the adverse effects of market volatility on the overall investment.

The flexibility of the Cornix bot allows users to switch between strategies, revert to previous methods, or explore additional trading channels at any time, offering a tailored trading experience. The 14-day trial period provided by Cornix is ample time for users to familiarize themselves with the platform’s functionalities.

Cornix trading explained

Once you register for Cornix and link your cryptocurrency exchange account, you’re presented with two primary trading options: following a group or copying a DCA bot. With a 14-day trial period, you’re free to test either strategy and can later incorporate additional methods as desired. Here’s what each method entails:

1. Follow a group

Selecting the “Follow a group” option allows you to automatically replicate the trading signals from Telegram/Discord channels of your choosing. This method provides several advantages:

• Automatically Copy Expert Traders: Tap into the expertise of seasoned traders by automatically executing their recommended trades.
• Multiple Symbols & Trading Strategies: Access a diverse array of cryptocurrencies and strategic approaches to trading them.
• Instant Trade Execution: Trades are initiated the instant signals are published on the channel.

Trading signals are essentially recommendations on when to buy or sell specific cryptocurrencies, often based on technical analysis, current news, and the overall market scenario. These signals, once published on the channel, can be either manually followed through the platform’s “Follow” buttons or automatically executed by enabling automatic trading for the selected channel. Signals might come with advanced trading settings, such as stop-loss limits or conditional trailing orders, to enhance trading outcomes.

2. Copy a DCA bot

Opting for the DCA bot strategy involves automated purchasing of cryptocurrencies at market price with additional buys as the price drops, aiming to sell for a profit as prices rise or limit losses if a predefined stop-loss is reached. This cycle repeats with each trade closure, whether it’s a profit-taking or stop-loss event. Choosing this method offers:

• Buy Low, Sell High, Automatically: Leverage automatic transactions to capitalize on price movements.
• A Broad Selection of Proven Bots: Access a variety of bots tested and verified for their performance.
• Adaptable to Market Conditions: The bots are designed to pursue success regardless of market trends.

Both strategies cater to different trading preferences and risk tolerances, providing users with flexibility in how they engage with the cryptocurrency market through the Cornix platform.

Creating an account on Cornix

• Visit the official Cornix website: Utilize our Cornix promo code to get a discount on annual subscriptions.
• Registration Details: Enter your name and email address in the designated fields.
• Set a Password: Choose a robust password to secure your account.
• Account Creation: Click on the “Register” button to create your account.
• Email Verification: Check your email for a 6-digit verification code from Cornix, and submit this code as instructed to complete the registration process.

Connecting your exchange account

After setting up your Cornix account, the next critical step is linking your preferred cryptocurrency exchange account, which can be done either through the Quick Connect feature for exchanges like Bybit or Binance or manually using API keys.

Using API Keys for connection

API keys facilitate the communication between Cornix and your crypto exchange account, allowing Cornix to execute trades on your behalf.

For Bybit Users:

If you’re setting up a connection to Bybit, here’s how to generate and use API keys:

• Log Into Bybit: Sign into your account on the Bybit platform.
• Access API Management: Click on your user icon in the upper right corner, then select “API” and “Create New Key” from the dropdown menu.
• Setting Up for Cornix: When creating a new key, opt for ‘Connect to Third-Party Applications’, and choose “Cornix” from the Application name dropdown.
• Permissions: Ensure you select ‘Read-Write’ permissions. This allows Cornix to execute trades (write) as well as read your account data.
• Specify Access Rights: Under Contracts, tick “Orders” and “Positions” to define the scope of actions Cornix can perform.
• Finalize API Key Creation: Click “Submit” and enter your two-factor authentication (2FA) code to secure the process.
• Integrate with Cornix: Copy the generated API Key and Secret Key, then paste them into the appropriate fields in Cornix to establish the connection.

By following these steps, you’ll be well on your way to leveraging Cornix for automated crypto trading, whether you’re looking to follow expert trading signals or utilize DCA bots to manage your investments.

Getting started with Telegram 

If you’ve chosen the “Follow a group” method for trading with Cornix, integrating your Telegram account is a crucial step. This allows you to add and follow trading signals from Telegram groups directly.

Here’s how you can sign up for the Cornix crypto Telegram bot and connect your Telegram to Cornix:

• Generate Your UUID:
  • Within the Cornix platform, find and click the “Get UUID” option. This UUID (Universal Unique Identifier) is essential for linking your Cornix account with your Telegram.
  • After clicking “Get UUID,” you have the option to click “Give me a UUID” or you can directly send the command /connect_web to the Cornix trading bot on Telegram (@cornix_trading_bot).
• Enter the UUID on the Website:
  • Once you receive your UUID, return to the Cornix website where you initially clicked “Get UUID” and input the UUID you were given.
• Verify Your Telegram Account:
  • After entering the UUID on the Cornix website, you’ll need to complete the verification process on Telegram. The Cornix trading bot will send a 6-digit code to your Telegram account.
  • Enter this 6-digit verification code back on the Cornix website or as instructed to finalize the connection between your Telegram and Cornix accounts.

By following these steps, you’ll successfully connect your Telegram account to Cornix, enabling you to add and follow the trading signals from your chosen Telegram groups. This integration streamlines the process of receiving and acting on trading signals, making it more efficient and effective for users who prefer the “Follow a group” trading strategy.

Cornix trading packages 

Cornix offers a tiered pricing structure for its trading plans, designed to cater to the diverse needs and preferences of cryptocurrency traders. Opting for an annual payment plan entitles users to a significant discount of 33%, equivalent to receiving four months of service free of charge. Here’s a comprehensive overview of the pricing and features included in each Cornix package:

Starter Package

• Monthly Cost: $24.9
• Annual Discount: 33% off, equivalent to 4 months free

Advanced Package

• Monthly Cost: $44.9
• Annual Discount: Same 33% off

Premium Package

• Monthly Cost: $89.9
• Annual Discount: Also enjoys a 33% discount

Paying annually not only provides a substantial discount but also aligns with a long-term commitment to using Cornix’s services, making it a cost-effective option for serious traders. Each package is designed to accommodate different trading volumes and strategies, from the casual trader starting with the Starter package to the more experienced and demanding trader who may opt for the Premium package to leverage unlimited trading capabilities.

Cornix 14-day demo period

To maximize the benefits of the 14-day demo period with the Cornix bot, it’s recommended to follow a structured approach by completing five key steps. This structured path not only introduces you to the core functionalities of Cornix but also ensures that you get hands-on experience with its various features. Here’s a summary of the steps to take full advantage of the Cornix demo version:

1. Enable Auto-Trading

• Objective: Set up your first signals bot for auto-trading.
• Action: Navigate through the user interface to create a signals bot that will automatically execute trades based on specified criteria or signals received.

2. Create Your First Trade

• Objective: Begin trading with Cornix to understand how trades are executed within the platform.
• Action: Follow the prompts to initiate your first trade, acquainting yourself with the trading interface and options available.

3. Connect Another Exchange

• Objective: Learn to manage multiple exchange accounts within Cornix.
• Action: Add another crypto exchange account to your Cornix profile, enabling you to diversify your trading strategies across different platforms.

4. Explore the Marketplace

• Objective: Discover the Signals Groups integrated with Cornix.
• Action: Visit the Marketplace section to browse through the Signals Groups that have partnered with Cornix, offering a variety of trading signals for different strategies and preferences.

5. Explore the Public Bots

• Objective: Investigate and copy public bots.
• Action: Delve into the selection of public bots that have been proven effective, allowing you to easily adopt successful strategies into your trading.

Cornix ensures there is ample learning material available for each step, making the onboarding process as informative as possible. Additionally, support can be requested at any moment with a single click, ensuring a smooth and user-friendly experience. The demo version’s UX design is intentionally sleek and intuitive, aiming to provide an enjoyable and educational introduction to automated crypto trading with Cornix.

Cornix bot supported exchanges

Cornix’s compatibility with some of the world’s leading cryptocurrency exchanges underscores its flexibility and convenience for users. Supported exchanges include industry giants such as Binance, Kucoin, OKX, BitMex, and Huobi, among others. This wide range of supported platforms means users can integrate their existing exchange accounts with Cornix, enhancing their trading strategies with automated tools and signals.

Cornix auto trading bot security

Cornix is indeed designed with a focus on security, incorporating multiple layers of protection to safeguard users’ funds and personal information. Here are some of the security measures that Cornix employs:

Encrypted Keys

Cornix uses encryption for API keys, which are essential for executing trades on your behalf on the connected exchanges. This encryption ensures that your keys are protected from unauthorized access.

Two-Factor Authentication (2FA)

2FA adds an additional layer of security to your Cornix account, requiring a second form of verification (usually a code sent to your mobile device) in addition to your password. This makes it much harder for unauthorized users to gain access to your account.

Whitelisting

Whitelisting IP addresses or withdrawal addresses is another security feature that Cornix supports. This means that even if someone were to gain access to your account, they would not be able to withdraw funds to an unapproved address.

Risk of Losses

While Cornix provides robust security measures to protect your account and data, it’s important to understand that trading cryptocurrencies carries inherent risks, and Cornix cannot safeguard against market-related losses. The nature of trading means that profits cannot be guaranteed, and there is always a potential for loss, regardless of the tools or signals used.

Choosing Trading Signals

Cornix acts as a platform to follow trading signals from various experts through Telegram, but these signals should not be seen as foolproof recommendations. Since Cornix can be integrated with any channel, the quality and reliability of these channels can vary significantly. Therefore, it’s crucial to thoroughly research and review any trading signal channels before subscribing and following their signals.

Customer Support 

Cornix’s customer support system is a standout feature, reflecting the platform’s dedication to providing an exceptional user experience. Here’s a closer look at what makes their customer support so effective:

Key Features of Cornix Customer Support

• 24/7 Availability: Cornix understands the round-the-clock nature of the cryptocurrency market, which is why their support team is available at all hours to assist with any inquiries or issues you might have.
• Personalized Support: The support team at Cornix is known for its tailored approach, ensuring that the assistance provided is not only rapid but also specifically addresses the unique needs and questions of each user.
• Technical Issue Resolution: If you encounter technical difficulties, the Cornix support team is skilled at investigating these issues, identifying and reproducing bugs, and then communicating them to the development team for resolution. This ensures that the platform continues to run smoothly for all users.
• Bridge Between Users and Product Team: Customer feedback is invaluable, and Cornix’s support team plays a critical role in gathering and conveying this feedback to the product team. This includes both bug reports and feature requests, helping to shape and improve Cornix based on user input.

Final Thoughts on Cornix

Cornix truly lives up to its promises, offering a platform that democratizes cryptocurrency trading:

• Accessibility for All: Emphasizing that anyone can trade crypto, Cornix provides a user-friendly platform that simplifies the trading process, making it accessible to individuals regardless of their experience level.
• Prioritizing Safety: The safety of users’ funds is a top priority for Cornix. The platform employs various security measures to protect users’ investments and personal information, ensuring a secure trading environment.
• Knowledge Sharing: Cornix fosters a community where novices can easily learn from experienced traders. By enabling users to copy expert trading strategies with just a few clicks, Cornix empowers its users with knowledge and tools for better trading decisions.

In sum, Cornix not only facilitates automated cryptocurrency trading but also ensures a supportive, secure, and educational environment for its users. With its commitment to customer satisfaction, continual improvement, and a platform that caters to traders of all levels, Cornix stands out as a reliable tool in the crypto trading space.