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Zignaly Trading bot review

Zignaly is an easy-to-use crypto trading bot. It is backed by a highly experienced team of professional traders and tech-savvy investors. It allows you to connect with a TradingView account so that you can use your preferred indicator to trade on auto-pilot.

Sphere of confidence

Cloud-based trading bot for crypto traders

Crypto-Currencies

Zignaly accepts major cryptos, including Bitcoin and Etheruem. Trading with Zignaly does not limit your chances of using the number of cryptocurrencies that the different exchanges accept. The crypto you can exchange depends on what is in place on the exchanges.

Trader level

Zignals welcomes all categories of traders to register on their platform. The bot is easy to use and can help you trade on auto-pilot. The bot will also enhance your trading skills and strategies. 

Introduction:

Crypto investment is an excellent way to diversify your investment portfolio, as it can potentially bring enormous profits. However, a lack of experience, skills and knowledge of the market can be a roadblock if you are a newbie investor or trader. Using the best trading bot can salvage the situation in this regard.

Trading bots are computer software that use algorithms to trade different coins on auto-pilot. They are user-friendly and will help you analyze the market even when you are asleep. If you search the trading bot market, you will be greeted with tons of trading bots, some of which are scam and fake bots; thus, making it difficult to choose the right one.  

In this article, we will give you a review of the Zignaly trading bot that uses cutting-edge technology to deliver impressive results. At the end of the review, you will be able to determine whether or not Zignaly should be added to your trading arsenal.       

So, let’s get straight to it.

Summary

Zignaly is an easy-to-use crypto trading bot. It is backed by a highly experienced team of professional traders and tech-savvy investors. It allows you to connect with a TradingView account so that you can use your preferred indicator to trade on auto-pilot.

Zignaly has an excellent user interface, and the bot is highly user-friendly. The customer service department is on the ground to walk you through every step of the way if you are struggling at any stage of the registration.  

General info

Zignaly is a trading terminal where newbie and experienced traders can either trade bitcoin or altcoin manually or on auto-pilot. The trading bot works on the strategies you customize for yourself. From the name of the bot, you can quickly tell that the primary focus of the bot is on trading signals. Features of Zignaly include:

  • Crypto Signals: Zignaly allows you to add external signal providers or become a signal provider yourself.
  • TradingView bot: This feature makes Zignaly outstanding on the market – you can use indicators to send your trade signals from Trading
  • Unlimited coins: With Zignaly, the worries of selecting coin pair are over, as the bot accept all known coins of the market.
  • Buy Order Expiration: Zignaly allows you to set a time-bound buy order.
  • Take Profit: With Zignaly, you can input price levels where the bot will close the trade position and secure profits.

Company Registration

Zignaly was established in Madrid, Spain, in 2018 by a team of crypto traders and blockchain experts. Zignaly is a subsidiary of Greenscale Technologies Limited. While there is no detailed information regarding its registration status, such as its registration number and office address, we found out that Zignaly is still in its beta phase version. 

Who can register

Zignaly is a flexible trading bot for both experienced and beginner traders. But before you register on the platform, ensure you are up to the legal age in your country or province to trade online.

Support

Zignaly has a user-friendly customer support team that is knowledgeable in crypto trading. If you have any complaint or challenge using the bot, you can reach out to their customer support team via email, Twitter , and  Discord They will resolve your complaint within the shortest possible time.

Verification

The verification process on Zignaly is pretty straightforward. Once you register on the platform as a new member, a verification link would be sent to your mail. Click on the link to verify your email and then proceed with the registration process. Zignaly assures that they want to create a system where only real and serious traders would participate. 

Security

Zignaly is very secure, as all transactions are done on the exchange. Zignaly doesn’t store users’ funds, so there is nothing to worry about scams or fraud. The money you deposit remains with your preferred exchange.

Features and Automation Tools

You can use Zignaly as a TradeView bot to customize your trade signals for buying and selling. Other unique features are as follows:

  • All coins are allowed
  • DCA-based rebuy strategy options
  • Zignaly accepts multi-targets signals
  • Sell signals to trade on auto-pilot
  • Stop-loss trailing

How you can deposit the money

The process of depositing money on Zignaly is pretty and straightforward. Follow through with the procedure below to deposit money:

  • Go to your balance view.
  • Choose your preferred exchange.
  • Click on the deposit tab.
  • Select the coin you want to deposit.
  • The deposit address would automatically be generated and visible to you.
  • Enter the deposit address and click “deposit” to send the money to your exchange.
  • Ensure you send it to the correct address, as you would lose your money if you send it to an incorrect address.

How you can withdraw the money

Zignaly trades directly with different exchanges and does not store users’ funds. You don’t need any withdrawal rights before withdrawing your earnings. Just submit your withdrawal request via your exchange and your money would be credited in your account.

Commissions (deposit and withdraw)

While Zignaly doesn’t charge a commission on withdrawal requests to exchanges, the company charges a token to deposit your money. The percentage charged on deposit is not stated on their website. Contact the support desk of your exchange to find out how long it takes to withdraw your earnings.

Transparency

All transactions on Zignaly are transparent, and there are no hidden charges for using the bot.  

Profitability

The bot is highly promising and delivers a high return on investment. While there are inherent risks trading cryptos, Zignaly will help you mitigate such risk for you to stay afloat. 

However, as with other bots, Zignaly cannot guarantee the specific percentage of profit you make per month; market forces largely determine this.

Drawdowns

Zignaly is a young trading bot that is still in its beta phase version. Therefore, the bot is limited in several functions. Plus, Zignaly doesn’t have a popular forum where newbies can visit to learn more about the bot. 

Bonuses

While Zignaly doesn’t offer a bonus system, it runs an affiliate program to rewards members that can convince their friends and family members to also sign up on the platform. There is 20% recurring bonus if a new member registers through the referral link.

Referral program

  • Click here to register for the Zignaly referral program.
  • Head straight to your dashboard and copy your referral link.
  • Share the link on different social media platforms to get a wider audience.
  • Once a new member signs up via your referral link, Zignaly will pay you a 20% recurring commission of whatever amount the new member deposited.

Integration with other platforms

Zignaly supports 2 exchanges: Binance & Kucoin.

API

Zignaly can connect to your preferred exchange using a set of API keys created on the exchange. The process of creating the API keys varies from one exchange to the other. For instance, if you want to use Zignaly for copy trading on KuCoin, you must pass through the following process:

  1. Register with KuCoin & click on the API management on the Dashboard.
  2. This opens a pop-up screen with the instructions to follow through in order to obtain the API keys.
  3. Input your account key and secret key on Zignaly’s website.
  4. If the accounts are successfully paired, this takes you to the next step.
  5. Go to the Zignaly’s Providers’ menu on the left.
  6. Click on the link and go to Copy Trading.
  7. Choose from the list of copy traders
  8. Select the coin you will like to accumulate (Bitcoin and Tether are the most used).
  9. After choosing your copy trader, assign the number of funds to use for trading.
  10. After choosing the amount of crypto to allocate to your trading, click on “Update.”
  11. Whatever profit the copy trader earns as profits from their orders is what you also get as your profit. For instance, if the copy trader gets a 35% profit, you also get a 35% profit.

 

Your crypto trader activities can be monitored in your Zignaly’s dashboard, including the Analytics tab.

Other services

Zignaly is a force to reckon with in the crypto trading bot space. While they don’t offer additional products or services, you can read through their blog page to get more information about the bot.

Conclusion

Zignaly is a force to reckon with if you are a crypto trader. It has all the trappings to help you trade on auto-pilot and will enhance your trading skills. If you want to make passive income or you need a side hustle, adding Zignaly to your trading arsenal is a no-brainer.