Zoomex is a cryptocurrency exchange with a TU Overall Score of 3.7 out of 10, which means that it has a higher risk than average. After looking over the trading opportunities the company offers and the customer reviews on Zoomex, Traders Union expert Anton Kharitonov recommends users look into a more reputable broker with more favorable terms because it seems like a lot of Zoomex customers are dissatisfied with the broker’s performance. Zoomex is ranked 62nd out of 172 organizations in the TU Rating determined by evaluating more than 100 criteria.
Zoomex is a cryptocurrency exchange that aims to promote copy trading as well as active trading of underlying assets and derivatives. Due to its smooth operation, high liquidity, and low fees, Zoomex’s services are popular all over the world.
Key Features and Advantages of Zoomex
By integrating two of their platform versions into a single place, Zoomex has transformed the approach of flexibility, security, and privacy in cryptocurrency exchanges. Zoomex offers traders an advanced and effective trading interface for both the DEX and CEX versions. Below is what this exchange has to offer its users:
- Available for purchasing crypto with a variety of fiat currencies
- 250+ cryptocurrencies supported
- Gamified trading experience
- Multiple trading products including spot and derivatives
- Advanced mobile apps
- Professional trading with countless features
- Copy Trading helping you to profit from the experience of other traders
- Choose between DEX and CEX exchange
- Live Chat support
- Rewards hub where you can access FREE bonus crypto
- Beginner-friendly platform
- Useful Help Center for learning more
Zoomex Fees
Zoomex Deposit Fees
There are no costs related to using Zoomex to deposit cryptocurrency on the platform. However, if you want to buy BTC or USDT using fiat, you must pay a transaction fee, which varies depending on the third-party merchant you select.
Zoomex Trading Fees
For spot trading, the fees are 0.1% for both makers and takers.
Zoomex charges the same fees for USDT and inverse perpetual contracts of 0.02% for makers and 0.06% for takers.
Even though Zoomex has higher trading costs than some other cryptocurrency exchanges, we noticed that every Saturday, all Zoomex users receive a 50% trading fee discount.
Furthermore, Zoomex frequently organizes projects in which participants earn discounts and bonuses. These can be applied to compensate for the trading fee.
Zoomex Fiat Withdrawal Fee
The Zoomex exchange does not support fiat withdrawals.
Zoomex Crypto Withdrawal Fee
Depending on the coin you want to withdraw, different withdrawal fees will be calculated. You can check the fees at the time of withdrawal. For example, the BTC withdrawal fee is 0.0005 BTC, and the ETH fee is 0.005 ETH.
What Services Does Zoomex Offer?
Buy crypto with fiat currencies: You can buy BTC and USDT on Zoomex using fiat currencies with different modes of payment such as PayPal, bank transfer, credit/debit cards, and e-wallets. Fiat transactions are usually completed in a minute.
When we examined the exchange, we discovered that the fiat gateway was really helpful because it allows you to get your USDT or BTC and start trading. This is also the easiest way to get cryptocurrency if you don’t currently have some for your trading journey.
250+ crypto assets are available: Zoomex supports more than 250 cryptocurrencies, with a diverse range of trading pairs allowing users to find a lot of opportunities for profitable trades. Some of the popular coins available are BTC, ETH, SOL, GMT, SAND, MATIC, APE, ARP, and ATOM.
Gamified trading experience: Zoomex is a distinctive provider of engaging games that go beyond traditional trading. Experience the excitement of ‘To The Moon,’ a thrilling multiplayer crash game where players may earn up to $25 million in a single round by colliding cryptocurrencies with unpredictable 5,000x trajectories.
Join the adventure of the 1 USDT Treasure Hunt, which includes three treasure zones with enticing prize pools. There are several ways to win, from earning 10 USDT in 3 hours to 0.1 BTC that is awarded every eight days. By allowing consumers to engage in gaming while navigating the markets, Zoomex brings trading to a whole new level of excitement. Visit Zoomex’s website to discover more and try the exclusive combination of trading and entertainment!
Trade spot and derivatives (inverse and USDT perpetual): Users of Zoomex can access both spot and futures trading, including USDT and inverse perpetual contracts.
Spot trading removes all deadlines and settlement periods by enabling customers to buy or sell cryptocurrencies for immediate delivery. Currently, they are providing consumers 100% cashback on their spot trading fees as part of their Grand Launch Campaign for Spot Trading. Don’t miss out on this opportunity to increase your profits.
Inverse perpetual contracts use the coin itself as collateral and are confined to the most prominent cryptocurrencies. In contrast, USDT perpetual contracts allow a wider selection of cryptocurrencies for trading since they use Tether (USDT) as collateral.
Advanced mobile apps: Zoomex offers free mobile apps for iOS and Android devices that are professionally developed. Every tool, feature, and function on the desktop website is available on the app. You may acquire USDT or BTC using the fiat gateway and trade using the mobile-optimized interface.
We executed some USDT perpetual trades using the Zoomex app, and it was just as simple as doing it on our desktop PC. The order book, technical analysis tools, and charts are readily available.
Trade professionally with numerous features: Zoomex’s trading interface is designed for experienced and professional traders. You will always have access to precise pricing and market movements before making your transactions as each trading pair has fast and accurate charts.
The exchange offers several customizable tools to further enhance your trading experience. You can draw, enter text, use crosses, trend lines, pitchfork,… You may also view the assets’ depth charts to evaluate market psychology as well as set up the parameters and place your orders in a separate section of Zoomex related to the order book and trade execution.
Copy Trading: Copy trading is a common feature on many popular crypto trading platforms allowing you to follow successful traders (based on their profit and win rate) and automatically make the same transactions as them. This means that you will benefit from their industry knowledge and expertise at the same rate as they do.
When we tested the copy trading technique for a few weeks, we generated a decent profit without having to conduct any market research or spend any effort on technical analysis.
Choose between DEX and CEX exchange: Zoomex allows its users to select between their decentralized and centralized version of the exchange.
The decentralized version offers higher safety and no interference from third parties to disrupt your trading experience. You may begin trading immediately without supplying any ID by connecting your cryptocurrency wallet (eg: Metamask) to the exchange.
However, Zoomex has designed a user-friendly layout for the centralized exchange. You have to sign up on the platform with your personal information to have access to all the features available on the centralized version of the platform.
It depends on your personal preferences whether you choose the CEX version, which is more suited for novice or occasional traders, or the DEX version, which offers more privacy and no KYC.
Live Chat support: For users experiencing any problems on the site, Zoomex provides live chat help. When you first access the exchange you will see the chat feature located in the lower right corner and you will be greeted with a bot. You will be added to the queue for the live chat agents if the bot is unable to provide you with the information you need.
There was just one other person in line when we tested this function, and it took us less than 30 seconds to start interacting with the customer service representative.
Great affiliate and referral program for users: You will receive a reward from Zoomex for referring new users to their platform. The basic referral program is intended for the regular cryptocurrency trader who wants to encourage friends to register with Zoomex. However, this offer is subject to change. As of this time, you can earn 5 USDT coupon for inviting 1 person and the benefits will increase with the number of referrals. In this case, you can receive a 100 USDT coupon if you register 10 friends.
Alternatively, you can apply for the affiliate program if you are a YouTuber or influencer. A commission of 40% is given to you on all fees paid by users you recommend to Zoomex. This can equate to a few thousand dollars a month if you attract some large-volume day traders.
In addition to earning money from trading, the affiliate program allows you to establish a second passive income stream, which will positively impact your finances.
Rewards Hub where you can access bonus crypto: Unlock their exclusive 30% commission discount for the trading field to establish the lowest rate in the industry standard. By trading at least $10,000, you may take advantage of this offer and claim a $5 USDT incentive as well as substantial bonuses of $25 and $50 USDT for traders with high volume when their trades reach $100,000 and $500,000, respectively.
Moreover, continue to trade actively for a total of 10 days in order to claim a $10 coupon. You can find a list of all these tasks in your Rewards Hub.
Advantages of trading with Zoomex:
- High liquidity and a large average daily trading volume of $200 million according to CoinMarketCap;
- No KYC (Know Your Client) process required;
- 24/7 customer support;
- Trading underlying assets and derivatives;
- Client funds are kept in cold wallets with multi-level authorization;
- Bonuses for both new and existing clients as well as trading competitions with rewards and fee discounts;
- Allow copy trading service to automate the trading process.
Disadvantages of Zoomex:
- The selection of tools for spot trading is not as diverse as with other exchanges;
- Limited option of technical indicators in the mobile app compared website;
- Only futures trading can be copied while the spot market is only available for active trading.
ZOOMEX Frequently Asked Questions (FAQ)
Is ZOOMEX security?
We do not currently recognize ZOOMEX as a trustworthy exchange. However, this does not always mean that it is dangerous. Therefore, investors should double-check the exchange’s security standards and history before depositing any funds.
How can I fund money in ZOOMEX?
By making a cryptocurrency deposit, you may fund your ZOOMEX account.
Can I deposit fiat on ZOOMEX?
No, you can’t deposit fiat currency on ZOOMEX since ZOOMEX is designed for trading cryptocurrency only and for users who already own some cryptocurrency.
Can I buy crypto on ZOOMEX with credit card?
Currently, ZOOMEX does not allow credit card purchases for cryptocurrency. If you want to buy cryptocurrency using a credit card, you can check our list of exchanges that accept credit cards.
Can I trade with USDT stablecoin on ZOOMEX?
Yes, you are able to trade with the USDT stablecoin on ZOOMEX across 268 trading pairs. In the previous day, ZOOMEX handled $ 7.33B worth of USDT trading volume.
Does ZOOMEX supports a mobile app?
Yes, ZOOMEX offers a mobile application that you may download from both iOS and Android devices. You can check the performance of your positions on the exchange and trade cryptocurrencies while on the go.
Is ZOOMEX a centralized or decentralized exchange?
ZOOMEX is a decentralized cryptocurrency exchange. Users store cryptocurrency in their own wallets, and the transactions are carried out using smart contracts on a blockchain. Thus, decentralized exchanges are appropriate for individuals who have had experience with cryptocurrency wallets and smart contracts.
How many cryptocurrencies can I trade on ZOOMEX?
On ZOOMEX, you can trade 269 tokens across 272 trading pairs. Over the past 24 hours, ZOOMEX has conducted transactions totaling $ 7.99 billion.
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