Last Updated on January 26, 2022 by Stephan Lindburg
Zignaly Review and Scam Investigation
There are so many options out there today for anyone interested in crypto trading bots, and they can vary widely in their respectability and their results. Zignaly is one such crypto trading bot platform that has combined a few standard features of the industry into an interesting new way to trade – with good results for a lot of traders.
Zignaly lets traders make use of copy trading, but with one major difference. The trading accounts used as a basis are carefully curated crypto trading bot accounts that have been refined by trading experts. The system has worked well so far, with top bots reportedly generating annual returns of over 200%.
Zignaly Review – A Novel Approach to Crypto Trading Bots
One of the biggest perks that Zignaly has over competing copy trading and crypto bot services in the same category has to do with the fact that there are no monthly fees at all for using their services. You can sign up for free today and link Zignaly to your exchange account to access copy trading right away.
Their services are cloud-based and easy to access anywhere, so any traders interested in giving Zignaly a try can do so at their leisure.
What You Need to Know About Zignaly
What’s Good About Zignaly
- Responsive cloud-based platform available anytime, anywhere.
- Extensive range of indicators, strategies, and signals for use with crypto trading bots.
- Innovative profit-sharing scheme provides ease of use for novice traders.
- 24/7 support available in multiple languages.
- No monthly fees for any of their services.
- Combination of copy trading with leading crypto bots gives traders great results.
- ZIG token provides the potential for a versatile financial ecosystem in the future.
What Isn’t So Good About Zignaly
- Trading signals provided through the platform can require their own fees.
- Fewer compatible exchanges available than with some other crypto trading bot platforms.
Zignaly Main Website and Registration Page
The Million Dollar Question. Who Is Zignaly For?
Zignaly provides a wide range of crypto investment options for different kinds of traders. One of the key features that they offer is portfolio diversification. Many active crypto traders don’t have the time necessary to safely diversify their portfolios. The crypto trading bots available with Zignaly let traders diversify their crypto holdings without the constant oversight and input needed to do so manually.
The platform is supposed to be a good entry point for beginners. With plenty of successful accounts that they can use as a basis for profit sharing and copy trading, investors can get started without a comprehensive knowledge of how crypto trading bots work. It’s also relatively easy to set maximums for these investments to avoid excessive losses starting out. Still, we have received reports about inexperienced traders who wanted to get started using this software but complained it was a bit too confusing for them.
Zignaly also provides a versatile crypto trading bot platform for experienced traders. These traders define their own trading bot parameters, and those who are successful have other traders support their efforts through the profit-sharing program.
Zignaly Review: Relevant Background and Factoids
Zignaly first began offering its services in 2018, and the company has quickly grown since then. Their innovative and user-friendly approach to bot trading has made them a huge hit with new and experienced traders, with over 370,000 currently registered users.
While their cloud-based services extend their network around the world, the company itself is headquartered in Spain. There, a team of experienced trading professionals has spent years crafting and refining the abilities of Zignaly’s platform.
Even though they’ve had a lot of success so far with over $4.5 billion in transactions, Zignaly is still a relatively young company with a small and agile team running things. They come from a range of finance and software development backgrounds, making them perfectly suited for the unique platform that Zignaly provides for traders.
Zignaly Review: How Zignaly’s Platform Works
There are lots of crypto trading bots out there that allow traders to hand over the reins and let advanced algorithms handle their trading accounts. Zignaly isn’t just a trading bot. It’s a crypto trading bot platform that makes bot trading accessible to everyone.
The service that most users who visit Zignaly are going to use is copy trading. This has been a longstanding feature of many types of online investing and has seen wide use for cryptocurrencies. It’s quite simply setting your trading account to copy the trades of another trader. Many platforms allow you to copy the trades of professional traders, but this doesn’t always pan out so well.
Instead, Zignaly lets you copy the trades of other crypto trading bots on their platform. This allows traders to take advantage of the skill, insight, and experience that goes into carefully configuring and tweaking crypto bots for the best possible results. This gives traders the best of both worlds, automated trading bots that make fast and sound decisions and access to the best skillsets and knowledge on the market.
A big part of what makes this a good strategy for traders is that it can let them generate passive income if they know who to copy. Actively trading cryptocurrencies is challenging and time-consuming. With Zignaly, you can choose the crypto trading bot that you have the most faith in and let it handle your trades for you. Day in and day out, it will use advanced algorithms to make fast, accurate, and effective trades.
Zignaly carefully curates its marketplace of traders to ensure that the options available for copy trading are all high quality. This is a manual review process, so traders can rest assured that they aren’t being taken for a ride by fake experts.
Zignaly Review: A Variety Of Trading Bots
Of course, the trading bots that some users choose to follow have to come from somewhere. With Zignaly, experienced traders can set up their own trading bots on the platform. The trading bot platform developed by Zignaly gives expert traders many options for adjusting and fine-tuning their strategies.
The platform has an extensive range of signals that can be incorporated, making it possible for traders to truly customize their trading bots. When setting up their bots, traders can access unlimited coin pairs, giving them unrestricted access to crypto investment opportunities. There are also a wide variety of custom strategy options to get the best possible results.
Trading With Zignaly Scam Free Software
Whether you’re relying on your own or an expert’s trading bot while using Zignaly, you retain full control over your assets. You make the choice as to whether to compound your profits or withdraw them. Not only that, but you protect yourself from risk by diversifying your portfolio and copying multiple traders at once.
Traders can also access a basic trading terminal through Zignaly to carry out more conventional transactions on their exchange account. They can buy, sell, and place limit and stop-limit orders on any cryptocurrencies. This makes it easy for traders who need to make some specific trade while managing their crypto trading bots by letting them do it all through a single platform.
Zignaly Review: Profit-Sharing
Zignaly also lets traders take part in a service they call profit sharing. This service is a lot like copy trading in that it relies on the skill, insight, and experience of other traders who refine their trading bots. However, profit-sharing involves actually investing in the profits of that trader.
Even with the best copy trading available, you’ll be slightly behind any trader. With this method, you enjoy a part of their actual profits from their actual trades. There’s no lag or delay of any kind to slowly chip away at profits. Zignaly’s profit-sharing is a new advancement that solves one of the major issues that copy trading has had for years.
Traders can also access crypto futures, letting them implement leverage and short positions. These more complex financial instruments allow traders to increase both their risk and potential rewards. Novice traders might not know how to make proper use of these instruments. However, Zignaly’s profit-sharing lets them rely on the experience of professional traders to exploit all available opportunities.
Zignaly claims that their traders have already made over $1 million by participating in the profit-sharing program directly with Zignaly. The program doesn’t have any subscription fee, only a success fee paid out when you make a profit. It’s easy to get started with a minimum of just $1. These types of claims are difficult to fact-check if you don’t have access to the actual back office, so let’s not get too thrilled about the profit share feature.
Zignaly supports many integrated crypto signals to give traders everything they need to develop and implement the most effective crypto trading bot strategies. They’re easy to implement on any account, and the range of available signals is great.
They incorporate signals from many providers, including:
- Blockchain Sparrows
- Mining Hamster Signals
- Crypto Base Scanner
- Intelligent Trading Foundation
- Altcoin Ninjas
- Palm Beach Signals
- Crypto Quality Signals
- A+ Signals
With so many options, traders can really customize their trading experience to their own unique risk tolerance and overall strategies. Crypto signals are one area where traders might have to pay a subscription fee for access. This is a fee charged by the external crypto signal providers and not one put in place by Zignaly.
Exchanges That Zignaly Supports
Like many other crypto trading bot platforms, Zignaly works by integrating directly with your account on a cryptocurrency exchange. This lets the bot or copy trading you set up through Zignaly make trades through the platform of your choice, increasing security compared to relying on an external party.
Because your funds always stay with the exchange, Zignaly isn’t ever actually holding your cryptocurrencies. Your money remains with your exchange account, meaning there aren’t any unnecessary security issues brought on by unnecessary transfers. You can rely on the same level of security that you enjoy using your cryptocurrency exchange every day when you use Zignaly trading bots.
Today, Zignaly supports these exchanges:
- VCC Exchange
- With plans for more in the future
This makes it easy for most users to use whichever exchange they’d like when trading with Zignaly. If you already have an account set up with one of these exchanges, then getting started is incredibly easy. However, many crypto trading bot platforms provide a much broader range of available exchanges, even if Zignaly does cover all the major ones.
|Zignaly Platform||Compared To Other Bots|
|Licensed / Regulated||Yes - But check your local legal jurisdiction|
|Free Demo Account||Varies - Depending on the signals service you select in the platform|
|App Reliability||It's reliable according to our checks|
|Customer Support||Mostly via email.|
|Minimum Deposit||0.0015BTC Is the least you can invest|
Getting Started With Zignaly
Getting started with Zignaly is fast, easy, and straightforward. You can sign up for an account with Zignaly quickly with only minimal information required. From there, you need to give Zignaly access to your exchange account, so it can make trades on your behalf.
Every exchange account has API keys that allow for crypto trading bots or other third-party services to access that account. You’ll have to retrieve your API keys from your exchange account and provide them to your Zignaly account. While it differs among different exchanges, you can usually find them under “API settings” on your account page.
From there, you can simply use Zignaly’s platform to configure your copy trading and bot trading however you’d like. Choose the trading account you’d like to copy and let it start making trades on your behalf.
API Keys are one of the main issues we have received complaints about. Our members are simply looking to invest and get started quickly. API Keys are not something which they can grasp intuitively.
Zignaly’s Copy Trading Marketplace
Of course, for most people, the success they see with Zignaly is going to come from choosing the right crypto bot to take part in profit sharing with. There are a wide variety of different bots within Zignaly’s marketplace, each having its own strategies and investment philosophies.
The customization involved when setting up a crypto trading bot means that each one will behave very differently. Novice traders don’t really have the understanding to set them up on their own, so Zignaly lets them rely on the decisions they’ve made by more experienced traders.
Among the top 20 trading bots, there’s been a reported average yearly profit of 270%. Those are great results that have been enjoyed not just by the traders behind the bots themselves but anyone taking part in profit-sharing who has chosen those bots.
The most effective trading bot on Zignaly has seen a return of over 1,000% in the last year, and hundreds of users are still copying its trades today with the expectation that it will continue to grow higher.
Each trading bot carries a name and profile picture set by the owner of the bot, providing some insight into their personality and strategy. You can see at a quick glance what the risk tolerance of most bots might be based on their unique personification. Of course, you can also view significantly more information about their holdings, trade history, and strategies.
Zignaly’s Own Token (ZIG)
Zignaly has recently expanded some of its operations beyond just providing a crypto trading bot platform. They’ve introduced their own token called ZIG that users can buy, sell, and trade. There’s more to it than that, though. Zignaly is expanding its ecosystem of financial service, and ZIG will play a central role in that.
Users can already buy ZIG on both AscendEX and MEXC Global, along with the wide variety of decentralized exchanges out there. ZIG lets users enjoy a discount of up to 6% on fees through Zignaly’s profit-sharing service. They can also save up to 15% on trading fees with ZIG.
Like many other tokens, ZIG has a staking program that allows users to make additional income. Basically, you set aside a certain amount of ZIG for a set period of time and receive some percentage gain when you get your ZIG back at the end of the staking period.
There are plenty of other potential applications on the horizon, with Zignaly planning to provide a variety of rewards through a partnership program called the Zignaly Vault.
Zignaly Review: User Experience
Zignaly provides a very streamlined and aesthetic interface for all of its profit-sharing and copy-trading services. Everything is laid out clearly, providing clear information for traders to make their decisions based on. Navigation is also straightforward, making it easy to set and modify copy trading settings.
Access is also effortless, thanks to the cloud-based foundation of their services. Zignaly’s platform is fast and responsive, not causing any issues that could lead to user frustration or difficulties. While they don’t have any dedicated mobile apps, the service is optimized for access through mobile browsers.
Payment Methods With Zignaly
While many of Zignaly’s services don’t require any deposit because they’re done through your existing exchange account, taking part in their profit sharing service does. Your funds are still secured, though, because Zignaly carries out this service through the Binance Broker Program.
Traders can make deposits to start profit sharing through PayPal (including using Visa and Mastercard), and crypto payments through CoinPayments, which accepts:
- Bitcoin Cash
- Binance Coin
You can quickly and easily transfer any cryptocurrencies you’re holding with Zignaly to another wallet at any time.
Customer Support Services
One of the areas where Zignaly really distinguishes itself from other trading bot platforms is its support team. Support is available 24/7 with real support representatives in English, Spanish, French, Vietnamese, and Russian.
Users can also seek out support through Zignaly’s Twitter, Discord, or Telegram. Of course, they can also send an email as well. The wide range of options makes it easy to get a quick resolution to any issues or to find an answer to any questions.
When making use of copy trading and crypto trading bots with Zignaly, traders have the advantage of all of the regular security features they enjoy with their exchange. Because Zignaly is only making trades through your existing account, all of the same protections and trader insurance applies.
If you sign up for profit sharing with Zignaly, you can also rest assured that your funds are well protected. As part of the Binance Broker program, funds you invest in Zignaly profit sharing are protected by Secure Asset Fund for Users (SAFU). This emergency insurance fund provides protection for all Binance and Binance Broker program traders.
Feedback From Zignaly Traders
Overall, the general feedback from traders using Zignaly has been overwhelmingly positive. Many users highlight the team’s excellent customer support service. Those who do report any issues also report being able to resolve them quickly by working with the support representatives at Zignaly.
Many users also state that they’re happy with being able to access innovative trading tools in a format that they can understand and readily use. Many advanced trading tools are difficult to use and only available to expert traders, but Zignaly ensures that their trading bot is straightforward to use and accessible to everyone.
Ease of use is another key feature that Zignaly users recommend the platform based on. Many say they use the platform to establish passive income, while others say that bot trading opens up new trading opportunities that they wouldn’t have otherwise been able to take advantage of.
No matter what the reason, it’s clear that Zignaly is leaving their clients satisfied with the platform’s results, service, and experience.
Professional Opinions on Zignaly
As Zignaly has continued to build up steam, it has been featured and commented on in a variety of publications. An article in Forbes highlighted the platform’s profit-sharing service while also discussing some of the latest funding that Zignaly has received from several partners.
ZIG, in particular, has caught the attention of a contributor at Nasdaq.com. The senior research analyst stated that Zignaly is likely to be a good long-term investment thanks to its innovative profit-sharing service. The strong use case of ZIG through the Zignaly platform led the analyst to recommend the token.
The launch of ZIG was also covered by the prominent cryptocurrency news website Bitcoin.com. It’s clear that Zignaly is already at a point where it’s drawing some attention within the industry, and that’s generally a good sign about the quality of the services that any crypto company has to offer.
Zignaly Review: Not A SCAM But Not Recommended (Too Complex)!
There are plenty of crypto trading bot platforms out there, but Zignaly has gone the extra mile to set itself apart from the crowd. Neither bot trading nor copy trading is new, but the unique application of the two concepts through Zignaly’s profit-sharing model gives both expert and novice traders more opportunities to use these tools.
Zignaly has already established itself as a reputable organization since its founding in 2018. It’s clear that traders are safe and secure using their platform. With no subscription or other fees needed to get started, anyone interested in finding out more about Zignaly can simply sign up and just find out for themselves.
However, when it comes to our members we can’t recommend Zignaly since it requires a bit of tech savviness and understanding of statistical analysis, as well as the financial markets to a certain degree.