Last Updated on February 8, 2023 by cryptocreed
Loves trading but doesn’t have any luck with profits? Getting tired of losing in trading? Don’t worry there are many traders who are making huge profits but definitely they are not coming to you to teach you trading for free.
Hence, there are platforms like trading bots that help traders perform trades automatically while focusing on profit. The use of Trading Bots increased drastically and generated profits as well.
Experienced traders also use these bots to generate profit as manual trading consumes time, mind, and skill for each coin. Automatic trades allow you to trade without any headaches.
There are many crypto trading bots like Zignaly which come with their own features, click here to check out the list of the top 10 Automated Crypto Trading Bots.
Let’s jump into this Zignaly Reviews to know more about the platform, pricing, what is Zignaly, safe to use or not, who uses this bot, and much more.
Note: Click here to sign up on Zignaly
What Is Zignaly Crypto Trading Bot?
Zignaly is an automated trading platform that allows crypto traders to perform trades automatically using a crypto trading bot. They are known for their profit-sharing feature which allows you to put money and others to trade. Bart, Rafay, and David founded it in 2018.
It is quite new in the market as when it launched in 2018 it was not able to make its position in the market but later after 2020, it started growing rapidly.
According to the website, they secured $50 million from top investors in the last funding round. According to the website, they secured $50 million from top investors in the previous funding round. In 2021 they also launched their own coin called ZIG coin for which they raised $3 million in a private sale.
As f now, they have more than 440K users with an average trading volume of $5.6 billion with $120 million Asset Under Management (AUM).
Zignaly Is Legit Or Scam?
Zignaly is a legit platform that doesn’t hide its profile as most trading apps do. This can be one of the main reasons to trust Zignaly.
The platform itself is trusted and run by the right people but it doesn’t mean users’ satisfaction is on top and to know if users are happy with the platform we need to check out users’ Zignaly reviews.
On Trustpilot, they have a rating of 4.0 out of 5 from 110+ reviews. This seems good but now let’s dig a bit more by checking negative reviews and understanding why they are getting reviews.
After reading out the negative reviews it seems users cannot figure out how the platform works. Some traders invested through a Profit-Sharing service that locks users’ funds for a while and here users are claiming that they are not able to move their funds, which they are definitely not going to move without closing the Profit-Sharing deal.
Some users are not happy with the strategies, complaining that they are at loss. As a platform, they will not put you on the profit side; trading involves risk, and trading is used to utilize their best tool to share profit but can’t control everything.
There are some problems with the platform as well, as they claim to be mediators between expert traders and investors. They allow to put strategies on the platform and if a strategy violates the T&C of the platform then they will remove or pause that strategy but this will execute users’ deal as well.
Which is risky, it is the platform’s responsibility to check if strategies are following Zignaly’s rules or not.
Zignaly Services: How Does Zignaly Works?
Now let’s check out how the whole platform works and how you can start using it.
The first step is to sign up on the website, to register on the website go to their website and click on the signup button that you can find on top of the homepage.
Fill out the form which only asks for two blanks, email, and password. After that click on sign up and verify your email. That’s all, now you are good to go.
Fund Your Account
The next step is to fund your wallet, you are planning to trade without putting in funds? There is no minimum deposit so you can start with any amount you want.
Give them a try with a small amount and then try your luck with a big one. You can fund your wallet using Bitcoin, Ethereum, USDT, BNB, and BUSD.
Put Your Fund On Work
Now it’s time to check who is making more profit and where you should put your money to make more profit.
Above are some of the top traders where you can put money or you can explore more traders. Simply search for the best traders and start investing money with them.
You can find the name of the investor, assets in the pool, number of investors, last 3 months’ PNL, success rate, and 1-month PNL. You can start trading with a minimum of $1.
What Is The Minimum Deposit For Zignaly?
Zignaly supports 5 coins namely BUSD, USDT, Ethereum, BNB, and Bitcoin. There is no minimum deposit for each coin, you can deposit any amount of coin you want to.
Previously they were allowing users to deposit using Changelly but currently, this option is not available.