HAL by CoinShares

HAL By Coinshares Ratings at a Glance

HAL by CoinShares Product Offering

HAL by CoinShares is an algorithmic crypto trading platform designed to make advanced automated crypto trading effortless. HAL enables users to level up their crypto trading with the help of cutting-edge, artificial intelligence (AI)-powered automated strategies designed by professional quants.

HAL simplifies crypto trading, offering access to professional algo trading in a simple user interface. Investors ranging from beginners to experienced traders can benefit from selecting HAL strategies.

The HAL platform features 15 crypto trading strategies (with more to come) and plans to introduce 3 indexes that batch different types of crypto. The variety of strategies allows traders to pick and choose which ones fit their preferred levels of risk and volatility best. The strategies were carefully built by algorithmic trading experts. They have even been extensively backtested internally by experts at CoinShares.

HAL’s diverse selection of types of strategies (Wise, AI-powered, Pulse and soon indexes) is designed to help users build and develop their cryptocurrency portfolio intelligently to position them for long term success. HAL strategies are built for the long run: they won’t bring in immense profits immediately. No consumer trading bot can do that, without tremendous risk at least. HAL adopts a professional approach where patience can pay, even in the worst bearish periods, as shown in the platform’s article on the matter. You can see a few of HAL's strategies below and learn more about the rest on the HAL website.

When you compare the performance of each strategy (which can be seen here) to the performance of the underlying asset, the value of HAL is clear. For example, HAL’s Pulse Ethereum Hourly strategy is up about 65% between April 27 to October 27th, compared to Ethereum itself which fell just under 50% over the same period.

HAL is also extremely easy to use. It currently supports four of the most popular crypto exchanges: Binance, Bitfinex and Kraken. HAL lets users stay on top of their trades by allowing them to choose strategies, assign trading budgets and monitor performance from one integrated dashboard.

Easy access makes it an ideal trading tool for beginners, while more experienced traders can benefit from saving time spent making tough investment decisions.

The HAL website features a Help Center loaded with comprehensive educational materials designed to get you started quickly. You can access tutorials on how to use HAL with Binance, Bitfinex and Kraken exchanges. Other information curated there includes how the HAL trading bots work and a glossary of terms.

If there are further inquiries you may wish to make, there's a dedicated Contact Us section for sending your questions to HAL's customer care team. While there is no live chat or contact phone number, the available option for contacting support works well, and the support team responds within 24 hours.

CoinShares conducts regular security audits of HAL and only works with exchanges with a strong reputation for maintaining strict security standards, though it cannot guarantee exchange security. 

HAL cannot access funds, and the bots cannot withdraw them because it is designed only to execute trades. You remain in control, which is important during algo trading. HAL is safe, given that the platform only completes trades through your exchange's API. It doesn't collect or have access to your data: HAL places trades, but you remain in charge.  

In line with its mission to democratize automated trading and lower barriers to entry, HAL has an incredibly low subscription price of 19.90 EUR per month. Not only that, but the pricing is straightforward, and you won't be surprised by hidden fees or charges down the road.

The minimum investable amount on HAL strategies is 50 EUR. You can allocate up to $100,000 instead of trade, volume traded isn't capped but 1 account can allocate $100,000 maximum.

The offer is non-binding, and you can opt out at any time.

There are no sophisticated tiered plans. For 19.90 EUR per month, your subscription entitles you to unlimited strategies and execution plus the entire suite of features on the platform without exceptions.

The central theme surrounding HAL is simplicity and ease of use. Any beginner can follow guides on the intuitive interface and get started trading crypto with advanced strategies in minutes. The fact that you can seamlessly hook up your exchange, allocate funds and leave the trading to HAL makes for an excellent user experience.

Crypto trading bots typically look like a setup reserved only for the top 1% of advanced traders and investors. HAL’s transparency sets it apart. The inner workings of the multiple algo trading strategies are explained in great detail, and users can easily monitor them.

In-house trading experts, leveraging their combined years of experience in crypto trading, created these strategies with additional input from AI and machine learning.

The HAL team is already working on introducing indexes that group different cryptocurrencies together to minimize specific risks common to a particular crypto asset family.

Trading with HAL means you don't have to spend time engaged in long and arduous research. You don't need to master all the trading strategies. HAL will do all these and more. All you do is monitor and compare outcomes at a glance through its excellent dashboard.

HAL vs. Competitors

The HAL trading platform has a few similar competitors, like 3Commas, Cryptohopper and Coinrule. However, it stands out primarily because of its unique offer of automated algo trading built by crypto trading professionals. The strategies were created by experts in quantitative trading who also have traditional finance experience. Most competitors' platforms operate bots designed by non-professional traders. HAL doesn't allow its users to build their own strategies, simply to rely on CoinShares' expertise. All for 19.90 EUR, the most competitive price currently available on the trading automation market.

The HAL algorithmic trading platform's delightful combination of utility and simplicity makes it one of the best ways to trade crypto with minimal investment in time and money. While it's not yet available for the U.S. market and lacks live chat support or a dedicated call center number, the platform delivers professional trading strategies to every trader, at an extremely competitive price. 

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