No Regulation

Score

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/10

zignaly

The Virgin Islands

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://zignaly.com/#crypto-trading-bot

Website

Rating Index
Influence

Influence

B

Influence Index NO.1

Netherlands 3.41

Better than 98.43% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
B

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
zignaly
Phone of the company
--
Customer Service Email Address
support@zignaly.com

WikiBit Risk Alerts

1
Previous Detection 2024-05-29

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

No data

User Reviews

More

2 ratings

Participate in evaluation
FX1439799004
Zignaly's interface is a nightmare, feels like I'm navigating a maze. And don't get me started on their customer support, slower than a snail race!
2024-05-08 14:29
2
FX1834783344
The interface design of Zignaly is clean and clear, making it very convenient to use. However, I found that their customer support response is a bit slow and needs improvement.
2024-05-06 07:16
7
Aspect Information
Company Name Zignaly
Registered Country/Area The Virgin Islands
Founded Year 2018
Regulatory Authority Unregulated
Number of Cryptocurrencies Available 5+
Fees No Fees
Payment Methods Paypal, Coins
Customer Support Tutorials, Articles, Webinars, How-To Guides.

Overview of Zignaly

Overview

Zignaly is a virtual currency exchange company that was founded in 2018. It operates in the virgin islands and is unregulated. The company offers an more than five major cryptocurrencies available for trading. The exchange does not charge fees for trading and traders can use paypal or coins for payment. Overall, Zignaly provides a platform for virtual currency exchange that could benefit crypto traders' investment.

Pros and Cons

Pros Cons
No minimum investment Lack of regulation
No monthly fees
Withdraw anytime

Pros:

- No minimum investment: The platform is accessible to investors of all levels, from beginners to seasoned traders. You're not required to commit a large sum of money upfront, making it easier to get started or test out the platform's capabilities.

- No monthly fees: Typically, exchanges charge fees on each trade, whether you make or lose money on that transaction. This can be discouraging and eat into your potential profits. However, this crypto exchange adopts a unique pricing model where fees are only incurred when you make a profitable trade.

- Withdraw anytime: No deposit or withdrawal fees excluding network and exchange fees. This means that traders could trade more flexibly without having to worry about the considerable fees related.

Cons:

- Lack of regulation: In the absence of regulation, investors have fewer safeguards and legal recourse in the event of malpractice, insolvency, or misconduct by the exchange, making it a riskier environment for users.

Regulatory Authority

Zignaly is currently unregulated. This lack of regulatory information is a significant disadvantage for the exchange. Unregulated exchanges are often perceived as less trustworthy and pose a higher risk to traders. Without proper regulations and oversight, there is a greater potential for fraudulent activities, market manipulation, and a lack of investor protection.

Security

Some general security measures that traders should be aware of are:

1. Two-factor authentication (2FA): Enable 2FA whenever possible to add an extra layer of security to your account.

2. Cold storage: Look for exchanges that utilize cold storage to store the majority of user funds offline. This helps protect against potential hacking attempts.

3. Encryption: Ensure that the exchange uses encryption protocols to protect user data and communications.

4. Security audits: Choose exchanges that undergo regular security audits or have their systems audited by third-party experts. This can help ensure that security measures are up-to-date and effective.

Cryptocurrencies Available

Available Currencies

The supported crypto includes Bitcoin, BTC Cash, Ethereum, Binance Coin, Dash, Monero, and Litecoin.

How to Open an Account?

1. Go to their website and click “sign up”.

Sign up

2. You will need to input information required including email and password.

Account Page

3.Click “get started” and start investing.

Fees

Zignaly does not charge monthly fees for its users. Instead, the platform imposes fees only when users make a profit. The percentage Zignaly charges for profits will be dependent on differnet cryptos and trading structures. Traders should consult the exchange before making any invesment decisions.

Payment Methods

Zignaly is a trading platform that offers a comprehensive range of payment methods, making it flexible and convenient for users. The platform supports traditional payment methods, including PayPal, Visa, and Mastercard, allowing for deposits in conventional fiat currencies.

In addition, Zignaly also supports cryptocurrency deposits through Coinpayments, including widely used digital currencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Binance Coin, Dash, and Monero. An added advantage of using Zignaly is its fee-free policy related to deposits and withdrawals, which reduces transaction costs for users.

Educational Resources

Zignaly's educational section offers a variety of learning materials such as tutorials, articles, webinars, and how-to guides. These resources can cover essential topics ranging from the basics of cryptocurrency and blockchain technology to advanced trading strategies, risk management, and market analysis. The availability of educational content helps to empower users, enhancing their trading skills and overall understanding of the complex cryptocurrency ecosystem. Providing educational resources is also a way for Zignaly to build trust and credibility among its user base, fostering a more informed and engaged community.

Is Zignaly a Good Exchange for You?

1. Beginner Traders: Zignaly is suitable for beginner traders who are just starting to explore the world of virtual currency exchange. However, it is important for beginners to have access to educational resources and tools that can help them understand the basics of trading and make informed decisions. If Zignaly provides such resources, it may be a good option for beginners.

2. Experienced Traders: Experienced traders who already have a solid understanding of virtual currency trading may be looking for more advanced features and tools to enhance their trading strategies. Without information about the specific tools and features offered by Zignaly, it is difficult to assess its suitability for experienced traders.

3. Risk-Averse Traders: Traders who prioritize security and regulatory compliance have concerns about using an exchange with limited information about its regulatory status and security measures. It is important for these traders to choose exchanges that are transparent about their regulatory compliance and implement strong security measures.

4. High-Volume Traders: Traders who engage in high-volume trading require exchanges that can handle large trading volumes without delays or technical issues. Without information about the trading capabilities and infrastructure of Zignaly, it is difficult to assess its suitability for high-volume trading.

Conclusion

Zignaly stands out as a cryptocurrency trading platform suitable for both beginners and seasoned traders. The platform encompasses a variety of services, including automated trading bots, signals, and portfolio management tools, aiming to streamline the trading process. However, an important aspect to consider is that Zignaly is not regulated, which raises concerns for some potential users regarding its oversight and security. Additionally, Zignaly's emphasis on educational resources showcases its dedication to equipping its users with the necessary knowledge, fostering informed trading decisions. Overall, Zignaly provides a holistic, user-centric trading environment, complemented with essential tools and educational resources for effective cryptocurrency trading.

FAQs

Q: What is profit sharing rule for Zignaly?

A: Zignaly's Profit Sharing allows an investor to put money into a fund with an experienced trader and receive a proportionate amount of the trader's profits. The trader will receive a success fee (the investor only has to pay this predetermined fee if the trader makes money).

Q: How is profit sharing different from other exchanges for Zignaly?

A: Zignaly's Profit Sharing is different from other cryptocurrency liquidity pools because it invests differently and pays out differently. With a traditional pool, you provide liquidity to Asset X by locking up value in Asset Y, earning rewards in the target asset. With Zignaly's Profit Sharing, you are allocating funds for a pro trader to manage. You receive a proportionate piece of the profits based on the size of your initial investment.

Q: What are the monthly fees for Zignaly?

A: Zignaly does not charge monthly fees. You only pay when you collect profits.

Q: What happens if I lose my founder?

A: Traders will find the team on the website, and there traders will see the founders, with links to their social network profiles. Zignaly currently has more than $70,000,000 of capital under management. Two different VC groups back Zignaly. So, someone will always be left to take care of the project or return the funds if needed..

User Review

User 1:

I've been using Zignaly for a few months now and overall, I'm quite satisfied with my experience. The platform's interface is user-friendly and intuitive, making it easy for me to navigate and execute trades. The availability of a wide range of cryptocurrencies is also a major plus, as it allows me to diversify my portfolio. One aspect that could be improved is customer support, as it can sometimes take a while to receive a response. However, the security measures in place, such as two-factor authentication, give me confidence in the safety of my funds.

User 2:

I recently started using Zignaly for my virtual currency trading, and so far, it has been a mixed experience. On the positive side, the platform offers a good level of liquidity, ensuring that I can easily enter and exit positions without much slippage. The customer support team has also been quite helpful in addressing my queries and concerns. However, I am disappointed with the limited selection of cryptocurrencies available for trading. Additionally, the lack of clear regulatory information raises some doubts about the exchange's compliance and accountability. I would appreciate more transparency in this regard.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.