Many new cryptocurrency platforms have been emerging, and Zignaly is one of those. It has become one of the leading cryptocurrency trading platforms since its launch in 2019. The platform connects traders with various experience levels through the many presented features, like educational resources, copy trading, and signals.
But it is better to have an explicit knowledge of the subject, the limitations it has, the benefits it offers, and the risks it possesses. This article will give you a clear picture of everything this platform offers, the pros and cons, so that any potential user can make sound decisions.
What is Zignaly?
Zignaly is a trading platform for cryptocurrency that allows users to automatically copy the strategies of experienced traders. It is also called the “Uber of crypto trading,” as it has the aim of democratizing trading knowledge and making it accessible for everyone to invest in cryptocurrency.
At the core, this platform makes a smooth cooperation between investors and traders for mutual benefit. Traders who are experienced can profit from using their knowledge and skills by charging a fee from users copying their strategies. And for newbie traders, this platform provides the perfect support by allowing them to learn from a risk-free environment.
How to use Zignaly?
You decrease the scope of lousy trading once you open an exchange account on this platform. The platform has various tools, including automated trading, a powerful trading terminal, and the ability to confirm selling with just one touch. The bot lets the traders set their own set of rules. They can start trading with the trading bot for selling and buying cryptocurrency.
Apart from the bot feature, Zignay offers other features as well.
- It automatically copies trade strategies.
- It provides integrated signals.
- It offers unlimited exchange accounts.
- Unlimited coin pairs.
- Unlimited trade positions.
- Provides free signals.
This trading platform allows sharing profits as well. This is a very unique bot that will enable users to try the whole trading strategy. Investors can also seek independent investment advice when they need clarification on a particular investment. Trading involves risk, but with all these added features, you can save your assets.
Pros and cons
Though we have only gone through the good bits, there are always some opposing sides of a platform. Let’s check both.
| Pros | Cons |
| It provides a large pool of signals. | It requires a minimum deposit of $100. |
| It is user-friendly. | There are still some security concerns, as it is a relatively new platform. |
| It is a cloud-based platform. | There needs to be more transparency as it becomes difficult to access the risks of the signal providers. |
| It is also available through a mobile application. | The customer support is relatively slow and does not respond well most of the time. |
| It is quite an excellent educational resource for a new trader. | A pro trader’s strategy often gets leaked on the social platform. |
| It has been maintaining a good track record since it was launched in 2019. |
Zignaly review from traders
The reviews of Zignaly on Trustpilot are primarily positive, with a rating of 4.2 stars out of 5. There have been various reports of profits by users as they copied the trade strategies. It also provides resources like articles, videos, and tutorials for improving trade skills.
But there are some complaints as well. Users find the fee the platform charges to be high, and sometimes, it varies from one another. Sometimes, customer support takes a lot of time to solve their query and answer their questions.
However, like every other platform, this one also has a few pros and cons as well. It’s better to know the drawbacks of the platform as well. But for beginners, this is one of the most accessible platforms as it copies the trade from various experienced traders that have been enlisted there. There is a long list of traders from which users can choose.
Features the platform offers
Like any other crypto trading platform, Zignaly also has a few features. There is Zignaly coin, which fuels the trading engine and manages all the transactions like payment of the platform’s fees, subscription charges, etc. Let‘s have a look at those.
Copy trading
For people who are new to crypto trading, this feature is for them. This allows them to copy the trade strategies from expert traders and implicate them in their trade. Once the account is made and connected, you must pick the trader you want to follow from the list.
If you are already a successful trader, you can set yourself up to be a copy trader in the marketplace and earn some extra by allowing others to profit from your strategies.
Zignaly Trading bot
The trading bot lets you make your strategies and implicate those in your trade, or you can copy it from a paid or free provider and trade automatically. There are some benefits of the bot as well:
- It lets you trade using the TradingView signals.
- Trailing stops.
- Unlimited coin pairs.
- DCA rebuy strategy options.
Trading terminal
The platform offers a powerful trading terminal to set trade strategies with coexisting orders on the same balance. This includes take-profit, stop-loss, and trailing stops.
Wrapping up!
Overall, Zignaly is a promising trading platform that favors experienced and non-experienced cryptocurrency investors. But before investing in it, consider all the aspects, security, fees, and service complaints, and then decide depending on those.
There are a few Zignaly alternatives as well. 3Commas, BingX, eToro, and Murdex are some of the platforms that could work as good alternative platforms.
All crypto platform carries risks. But the way this platform is progressing, it is showing great potential for having a great future and has managed to impress a lot of traders. Start trading using your strategy or have some help from experienced traders, and open the door to possible profits.
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