Zignaly

4
Zignaly is one of the best alternatives for automated crypto trading without any monthly subscription fees.
Parent company:
Private
Type:
Crypto Platform
Release Year:
2020
Price:
Fees Based on Platform
Open an account Read full review

Summary

Overview

Zignaly trading first appeared on the market in 2018 and quickly attracted thousands of cryptocurrency traders to its innovative automated trading platform. The Zignaly bot works according to the preset approaches which enable it to make the most out of market patterns. Since the services of the platform are built on a cloud-based system, the users can easily access the bot features at any given point on any device. The reputable performance of the Zignaly trading bot is largely thanks to the unrestricted access that clients get through the supported cryptocurrency exchanges.

Pros
  • A cloud-based system allows users to access the bot features 24/7 from anywhere, even if their main device is not accessible
  • Bot features information about live metrics such as monthly sales, burn and churn rates which are frequently missing with other trading bots
  • The platform provides easy-to-understand diagrams with a simplified display of all metrics, charts, and specifics
  • Zignaly platform has updated its supported exchanges and now features four crypto exchanges including Binance, KuCoin, VCC Exchange and BitMex
  • Zignaly trading bot provides services with $0 per month beta plan. There are no transaction fees, however, exchange fees do apply
Cons
  • The Zignaly platform supports limited options of exchanges. There are only four exchanges supported, with the main one being the famous Binance exchange
  • Zignaly services might become limited to non-US users only since Binance plans to stop supporting US cryptocurrency traders
  • Even though Zignaly has free access to the signals portfolio, the clients still have to purchase signals from the signal providers

Full review

Zignaly Company Overview

Zignaly has over 86,000 active customers currently registered on its trading platform. The bot has created more than 5.9 million positions as of now with a combined value of 3.3 billion US dollars in transactions. The company is headquartered in Cordova, Andalucia, Spain. This social crypto investment platform was built by the Wall Street quant trading veterans and since the establishment, the team has managed to raise over 3 million US dollars of investment. Currently, Zignaly has a total of fourteen investors at the moment including Parataxis Capital, AscendEX, and LD Capital.

The corporate team of Zignaly is not massive and barely exceeds 50 employees. It has three executives which are the current founder and a Chief Executive Officer Bartolome R. Bordallo (CEO), the Founder and a Chief Marketing Officer David Rodriguez Coronado (CMO), and the Founder and a Chief Financial Officer Abdul Rafay Gadit (CFO). The company has a total of five advisors representing investor and partner companies, a team of full-stack developers, growth and PPC professionals, customer support associates, and product managers.

Cryptos and Trading Platform

Zignaly has a fully functional and aesthetically pleasing trading interface. Since its debut in 2018, the Zignaly trading platform has made significant progress. The clients of the crypto trading bot can connect Zignaly with their preferred signals providers, place automated trades and rely on the bot to execute their trades even when they sleep. Zignaly, featuring quick maneuver tabs, provides traders with the following capabilities:

  • All coins are permitted (No limits)
  • Options for DCA-based rebuy strategies
  • Get sell signals to automate the closing process
  • Stop-loss trailing
  • Use TradingView signals for trading
  • Multi targets are accepted from signals

Zignaly has evolved its copy trading feature and improved whole processing for both traders and investors by utilizing a single position with a performance-based model and a high watermark feature. What it means is that the users have to pay only when they make profit and any losses are counted towards avoiding pay success fees. Unless the profits generated by the users exceed again the high watermark level they are not liable for success fees.

There are no minimum deposit requirements with the Zignaly trading bot. Hence you can start as low as you like and invest as much as your trading strategy allows you to. You also have an option to reinvest all your earnings or automatically withdraw your profits from the system.

Zignaly Crypto Bot Overview

Zignaly Crypto bot is an advanced social crypto investment platform. You can invest in cryptocurrencies by utilizing the provided signals, copy experts, or go for the fully delegated mode which allows profit sharing (PAMM). The crypto bot enables traders to either accept the Sell signals for automated trading mode or establish their own rules for closing their trading positions. The clients can use Zignaly Crypto Bot as a TradingView bot as they create their own signals for buying and selling and deliver them to Zignaly.

Since Zignaly automated crypto trading bot is based on the performance of the user’s trades there are several benefits that the clients of this crypto bot are entitled to enjoy:

  • Pay only for successful trades
  • Get a win-win model thanks to the high watermark
  • Exact same results as the chosen trader (a single position)
  • Freedom to retain the earnings or withdraw immediately
  • No minimum deposit requirement

Is Zignaly Worth It?

Zignaly is one of the safest and cheapest options for the automated crypto trading bot. The platform offers a high level of security enabling 2FA, encrypted data, and SAFU fund protection of the traders’ funds. Whenever you make a deposit on the Zignaly platform your funds are kept safe on Binance under the special investor protection program of SAFU.

In terms of pricing, Zignaly offers one of the most competitive subscription plans that comes with 0 costs, unlimited exchange accounts, unlimited coin pairs, unlimited positions, and priority support. However, the exchanges that are supported on Zignaly platforms come with the fees that are charged by the exchange providers themselves (Binance for instance). Therefore, for users who voluntarily join the membership program, the platform promises to give back 1.5 times what they paid as a discount on the exchange fees.

Another cost that the users of Zignaly trading robots might come across is the signal fee. The platform supports both free and paid signal providers and copy traders that are integrated with Zignaly. However, these fees are not related to the company. Instead, they are paid directly to the signal providers using either Mining Hamster for external payments or Trend Surfers for internal payments.

The best thing is that Zignaly supports numerous payment methods that you can choose from according to your preferences or country of residence. The platform accepts PayPal, Visa/Mastercard, as well as Coinpayments through cryptos. The supported crypto payment methods include Bitcoin, BTC Cash, Ethereum, Binance Coin, Dash, Monero, and Litecoin.

Final Remarks on Zignaly Bot

Zignaly crypto bot reviews found on the internet are highly positive, which is not a surprise. However, it is not only the traders that recognize the success rate of this trading robot but also the experts who claim that Zignaly is one of the best alternatives for automated crypto trading without any monthly subscription fees. The platform offers an incredibly easy way to invest and trade cryptos on the most renowned crypto exchanges. Furthermore, there is always customer support available 24 hours a day for the users of Zignaly. All in all, the services provided by the Zignaly trading platform have indeed a highly convenient price for a value.

Frequently Asked Questions on Zignaly

How do I set up Zignaly?

There are only three steps required to set up your Zignaly account and start trading. You need to connect your Exchange, select a preferred trader to copy and allocate your investments. Whenever you create your Zignaly exchange account you will have to connect using API keys. After activation of your account, you will have to deposit funds for trading through navigating to the Balance view and choosing your preferred deposit method. Afterward, you choose your desired copy trader from the system according to your preferences that you can filter out easily and allocate your funds.

How do I withdraw money from Zignaly?

In order to withdraw funds from your Zignaly Exchange account, you will have to navigate to the “My Exchange Accounts” page. You will find a withdrawal button on the page. You can transfer your funds to your existing crypto wallet in a few minutes. First, you have to choose the coin that you wish to withdraw from the platform. Make sure that you connect the right network for that coin.

Afterward, navigate to your exchange account or established wallet and follow their instructions for deposits. You will have to copy the address for that specific coin. For instance, if you are using Binance wallet then log in to your Binance account, click wallet, click spot, and deposit network. Paste that address to your Zignaly form under the field of Recipient coin address.

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