Signals is an automated trading platform with which you can create, configure and launch cryptocurrency robots, copy transactions of other traders, participate in profit sharing (Profit Share). The trading platform is optimized for beginners (copy trading function is available) and does not require a monthly subscription fee – the user pays only when he makes a profit.
Zignaly takes liquidity away from the brokerage Binance. The project positions itself as a facilitator of profit distribution between retail and professional traders, which is its main property. For a more detailed analysis of Zignaly, read our editors' review.
Official website: zignaly. com
Examples of Cryptocurrency Trading Bots for Binance: revenueBot, Criptobots, 3 commas, Veles Finance, Bitsgap
general information
| Name | Signals |
|---|---|
| Official website (mirror) | https://zignaly.com/ |
| Services | Cryptocurrency Exchange and Trading Bots |
| Release year | 2018 |
| Enterprise | Highend Technologies LLC, registered in Saint Vincent and the Grenadines, company number 852 LLC 2021 |
| Working with decree | Is it possible to buy with a card through Changelly? |
| Verification | – |
| Two-factor authentication | Consume |
| Own rate | Up to 5% of successful transactions |
| Number of coins | 357 (similar to Binance as liquidity is taken from there) |
| Own token | ZIG |
| Deposit Methods | Cryptocurrencies, purchase with card |
| Brazilian language | Yes |
| Mobile App | No |
| Reference materials | https://help.zignaly.com/en/ |
| Agree | Website Chat |
| Blog | https://zignaly.com/blog/ |
| Social media | https://t.me/ZignalyHQ
https://www.facebook.com/zignaly |
Register
To start using the Zignaly platform, click on the Sign Up button in the top right corner. the website. Enter your email address and set a password of sufficient difficulty so that it is not easy to hack (upper and lower case letters, symbols, length of at least 8 characters).
Please note that by registering you agree to the terms and conditions of the service. It is recommended that you read them in advance.
When you receive an email, enter the code in the field on the website. This should be done within 15 minutes.
Immediately after logging into your personal account, go to settings and enable two-factor authentication to provide additional account protection.
How to work with Zignaly
Let’s look at the main steps to making money on this site.
Exchange connection
Go to the “My Account” section and click the “Create Exchange Account” button at the bottom, if necessary (by default, an account has already been created for working with the spot market).
Choose how you want to trade – spot or futures. You can create multiple exchange accounts within one Zignaly account for different purposes. Please note that accounts are created on the Binance exchange and all liquidity is taken from there.
When you have finished making your settings, click “Save”.
Deposit
To start trading, fund your account by clicking “Deposit” in the “My Account” section of your desired trading account. You can do this in these ways:
- Depositing cryptocurrency from an external wallet. The standard procedure is to provide the address to which you need to make a deposit. Pay special attention to choosing the right blockchain network to send to.
Depositing Cryptocurrency to Zignaly - Card deposit via third party provider – the service is used Change.
The second method is not supported in Brazil. Also remember that the Zignaly Futures exchange account exclusively accepts USDT, BNB and BUSD tokens.
Exchange
You can go to the “Trading Terminal” section and enter positions there. The market is fully loaded with Binance. Use charts and tools from Trading View.
Here you can:
- Select a market or limit order.
- Set stop loss and take profit.
- Enable DCA/Rebuy target prices.
- Activate trailing stop.
- Limit the order duration by setting the period in minutes and enable auto-close.
Alternatively, you can use Trading View to create your own buy and sell signals and import them into Zignaly.
Copy trading function and profit distribution
The most interesting and popular feature of the Zignaly platform is the ability to copy transactions of other traders and share profits – Profit Share.
Read also: What is Copy Trading and how does it work?
The developers give several recommendations for choosing suitable cryptocurrency traders to subscribe to them and copy trades:
- Copy at least two traders who show good results, choosing different currencies.
- Pay attention to which market the user trades in – spot or futures.
- When researching, the default timeframe is 90 days – it is ideal for determining a trader’s performance, so it is best to focus on it.
Click on “View Trader” for more details. At the top of the screen there is a “Copy this trader” button.
That’s it – from the moment you sign up, trades will automatically be executed on your account’s behalf whenever your selected trader places them, as long as there are sufficient funds in your account.
Let's explain what is profit sharing in Zignaly.
When a user connects with a trader, their balances are combined into one. When entering a position, the lead trader must take into account all the capital he manages. The distribution pattern is set by the lead trader, and he relies on it to receive the so-called success fee. Let's say the lead trader decides to charge a success fee of 30%. Then, when he makes a profit, 70% will go to the user, 25% to the lead trader, and 5% to Zignaly. The success fee is charged only after the position is closed in profit and the profit is captured.
The video clearly shows how to make money by copy trading with the Profit Share option.
Withdrawal of funds
You can only withdraw funds from the platform in cryptocurrency. To do this, click “Withdraw” by going to the desired trading account.
Next, select the cryptocurrency to be withdrawn and the network it is located on. Enter the address where the coins will be transferred and the amount to be sent. Confirm the operation.
ZIG Coin
The platform's own token is called ZIG, its indicators as of September 2022:
- The exchange fee is $0.0097
- Market cap $17,285,072
- Total supply 2,000,000,000 ZIG
- brokers for trading: cooperative, Mexico, Gate.io, Uniswap etc.
Token holders receive several benefits on Zignaly. For example, they can save up to 6% of the “success fee”, receive up to 15% of trading fees as cashback, and receive a variety of affiliate rewards.
Reviews
Ranking do Trustpilot: 4 out of 5
The platform’s simplicity combined with its functionality receives the highest praise from users. You can start trading in minutes, especially with the copy trading option. A visual representation of the traders available for subscription allows you to choose the most efficient one in the long run.
It should be understood that by connecting to a trader, you give him the opportunity to use your funds as margin. There is a warning about this on the website. Therefore, you risk it if the trader trades at a loss. That is why it is very important not only to choose from the best leading traders to follow, but also to constantly monitor the process, otherwise there will be a loss of money.
Advantages and disadvantages
Frequently asked questions
Conclusion
Zignaly offers one of the most convenient copy trading options on the market. An easy-to-manage platform that requires no verification, bases trading operations on spot and futures Binance exchange markets, where, as is known, the best liquidity and trading volumes, as well as a wide selection of assets in the listing. Zignaly has been operating since 2018 and has repeatedly added or removed various options, experiencing the demand for them and always striving to offer the most relevant services for automated trading using cryptocurrency market signals