What is Zignaly?
Zignaly is a cryptocurrency trading platform that allows users to connect with multiple exchanges and automate their trading strategies through the use of bots. The platform features a user-friendly interface and a variety of technical indicators and tools to help users make informed trading decisions. Additionally, Zignaly allows for the creation and sharing of custom trading strategies, as well as the ability to copy the trades of other successful traders.
Founded in 2018 by friends Bart, Rafay, and David; Zignaly has grown to over 30 employees worldwide who are passionate about connecting and empowering the best pro traders and everyday investors.
Through collective passion for Blockchain and DeFi, they hope to steward a new paradigm of social investing where the field is level, the rules are fair, and everyone gets the same chance to profit.
Zignaly Review Key Points
| Key | Points |
|---|---|
| Bot Name | Zignaly |
| Founding Year | 2018 |
| Starting Price | $20 |
| Free Trial | Yes Available |
| Device Supported | Android and iOS |
| Cloud Based | Yes |
| Customer Support | Email, User Guide Document, & Contact Form Support |
| Payment Options | Crypto Payments |
| Affiliate Program | Available |
| Official Website | https://zignaly.com/ |
What is Price Of Zignaly
Zignaly is a trading bot which is available for purchase. Prices vary depending on the version of Zignaly purchased and the exchange it is being used on, but typically range from Free to $20.
How To Open A Zignaly Crypto Bot Account
To open a Zignaly account, you will need to first visit the Zignaly website and create a user account. Once your user account is created, you will be able to purchase and activate the Zignaly software. After your purchase is complete, the Zignaly software will be available for download and installation.
Once the software is installed, you can create a Zignaly trading account and begin trading in the cryptocurrency markets.
How To Use Zignaly Trading Bot?
To use the Zignaly trading bot, you will first need to create an account on the platform and connect it to one or more of the supported cryptocurrency exchanges (such as Binance, Bittrex, etc.). Once your account is set up and your exchange(s) are connected, you can begin creating and configuring your trading bots.
Here are the basic steps to use the Zignaly trading bot:
- Go to the “Strategies” section of the platform and select “Create New Strategy.”
- Choose a strategy template or create a custom strategy using the available technical indicators and tools.
- Configure the settings for your bot, such as the trading pair, the amount to trade, and the conditions for buying and selling.
- Activate the bot by clicking “Start Strategy.”
- Monitor the performance of your bot and make adjustments as needed.
It’s recommended to start with small amount of money and test the bot with paper trading before using it with real money. Additionally, you should also be aware of the market conditions and adjust your strategies accordingly.
Is Zignaly safe?
It is difficult to say whether or not a specific platform is completely safe, as the security of any platform depends on a variety of factors and can change over time. However, it is generally considered that Zignaly is a reputable and legitimate platform with a number of security measures in place to protect users’ funds and personal information.
Zignaly uses two-factor authentication to secure user accounts and API keys are encrypted when stored. Additionally, all communication between the platform and the exchanges is done through a secure SSL connection.
Zignaly Pro Or Cons
| PRO | CONS |
|---|---|
| Free to use. | Hardware and software failures |
| Easy to use for people new to trading bots. | Functionality must be monitored |
| Lots of signal providers. | Poor performance can happen |
| Unlimited coin pairs and trading positions. |
Features Of Zignaly
Backtesting
Once you’ve come up with a new set of rules for an automated crypto trading system, you can test it using market data from the past. This is the ideal proving ground because you already know what happened.
The data lets you know exactly what a crypto did over a specific period, so you can see whether your potential new trading model would have made you better off or broke. You can test it again and again, tweaking parameters until you’ve got it as close to perfection as it’s possible to get before you finally let it loose with your money.
Withdraw anytime
No deposit or withdrawal fees excluding network and exchange fees. Diversify your portfolio by following multiple traders at the same time.
Better Order Entry Speed
Computers react to market conditions faster than we can. When trade criteria are met, they act. Humans might delay by a crucial few seconds that affects the outcome of the trade. When a position is entered, all other orders are automatically generated, and that includes protective stop losses and profit targets. Markets can move fast, and it’s never pleasant to watch a trade miss a profit target or the past a stop-loss level before you’ve even had a chance to enter the orders.
Zignaly Mobile App Experience
Zignaly app is a path-breaking achievement towards comfort and convenience. The trading platform offers a mobile app with a user-friendly interface and an easy navigation system. All the features of the desktop version are present in the app.
The application is compatible with both iOS and Android devices. Get the goodness of great crypto exchanges, trading bots, unlimited coin pairs, crypto signals, no transaction fees, and copy tradings from successful traders on the Zignaly app.
The features and services of the app are reliable, and day traders can switch investment lanes anytime. High-level security, including encrypted data, two-factor authentication, and SAFU fund protection, are maintained on the mobile application.
Support
With Zignaly, investors can connect their cryptocurrency wallets to the platform and then select from a range of profit-sharing options. For example, they can choose to share in the profits generated by a particular crypto asset or opt to share in the profits generated by all assets in their crypto portfolio.
Investors can also set their gain-sharing parameters, such as the percentage of profits they want to share and the duration of the sharing period. With the way Zignaly works, sharing crypto profit within the community is simple and convenient for customer funds. So if you’re looking for a way to boost your returns from cryptocurrency investing, check out Zignaly’s gain-sharing options.
The Best Zignaly Alternatives
Pionex
Pionex has become a fast-rising platform for automated trading and is an excellent Zignaly alternative.
Launched in 2018, its main aim has always been automated trading, which has worked out well for them. Their trade bots are the capital reason for this feat. They boast of 18 trading bots, and all of them are free to use!
Coinrule
With Coinrule, you’re looking at another super-efficient Zignaly alternative that has been designed in a manner that offers seamless trade abilities to the users.
Not just that, they can even seek information and conclude all the monitoring pieces of stuff.
The platform features more than 5,000 coins that combine around 50 exchange markets worldwide; now, that’s some number.
Besides compatibility, Coinrule provides assurance as it is a highly secure platform for concluding all your cryptocurrency-related trading.
Coinrule bags an industry-renowned advanced news feed that trends in the entire crypto space.
It features all the bits of information that the world of crypto and its inhabitants are concerned about.
Zignaly FAQ
What Is Profit Sharing?
Zignaly’s Profit Sharing allows an investor to put money into a fund with an experienced trader. You’ll receive a proportionate amount of the trader’s profits. The trader will receive a success fee (the investor only has to pay this predetermined fee if the trader makes money). We endorse traders who have good returns and know how to manage risk. If you want to lead trades, now you can! Invite your friends to join in on your winning strategy and split the profits.
How Is The Profit Sharing Different from other People
Zignaly’s Profit Sharing is different from other cryptocurrency liquidity pools because it invests differently and pays out differently. With a traditional pool, you provide liquidity to Asset X by locking up value in Asset Y, earning rewards in the target asset. With Zignaly’s Profit Sharing, you are allocating funds for a pro trader to manage. You receive a proportionate piece of the profits based on the size of your initial investment.