Our Zoomex review will highlight the key features and services of this well-known crypto exchange. We’ll go over its main advantages and disadvantages, fees, payment methods, availability, and customer support. Lastly, you’ll learn why investors choose Zoomex over other exchanges and how to set up an account on this platform.
With that in mind, here’s what makes the Zoomex exchange stand out from the competition.
Zoomex Platform Review — Key Takeaways
What Is Zoomex?
Zoomex is a crypto exchange that was established in 2021. It has more than two million users and is available in 30+ countries. What makes it stand out is its cutting-edge technology, user-centric approach, and uncompromising security.
The Zoomex crypto exchange is a complete service for both centralized and decentralized users. It enables members to buy and trade crypto smart contracts and maintain short and long positions on over 300 tokens. Additionally, there is a spot and copy trading option that can help traders boost their profits.
Zoomex’s trading volume rivals the most prominent crypto altcoin exchanges. For example, Zoomex has announced a daily trading volume of $4.11 billion, while Coinbase and Crypto.com have 24-hour trading volumes of $2.10 billion and $2.74 billion, respectively.
Another thing that makes Zoomex stand out is its generously rewarded events, such as the ZWTC trading competition and coin market price matching. Unlike most top crypto exchanges, Zoomex doesn’t have a native token to avoid conflicts of interest. Users can also use its native app on the go, which we’ll discuss in more detail in the later segment of our Zoomex review.
Zoomex Pros and Cons
Pros
- Up to 150x leverage on crypto futures
- 300+ perpetual contracts
- No KYC verification
- Diverse events and bonuses for new and existing users
- Impeccable security record with no incidents to date
- High liquidity and reliable pricing
Cons
- The copy trading option is limited to futures
- The spot trading section could be improved with more instruments
Zoomex excels at derivate trading. This platform provides up to 150x leverage on crypto futures, allowing traders to maximize their profits. Zoomex also offers over 300 inverse perpetual contracts and USDT perpetual contracts. This exchange doesn’t require KYC verification for withdrawals under 100 BTC per day, making Zoomix an ideal platform for traders who prefer to remain anonymous.
Active traders will be able to benefit from Zoomex’s lucrative events and bonuses. On that note, they can participate in its ZWTC trading competition, enhanced funding promotion, and lucky draws. At the same time, new members can claim a sign-up bonus and get up to $300 by inviting their friends via the Zoomex referral code. This platform utilizes strict security measures. It uses a multi-signature cold/hot wallet system, and it has a flawless security record.
What could be improved are its copy and spot trading sections. The former is only available for crypto futures, while the latter is only available for active trading. The spot trading section also has a limited choice of instruments.
Zoomex Fees and Rates
Zoomex is a crypto exchange that offers competitive fees. Its maker and taker fees on futures amount to 0.02% and 0.06%, respectively. For spots, the maker and taker fee rate stands at 0.1%.
The trading fee will be based on the purchased crypto, while internal crypto deposits and withdrawals will be free. However, if traders make a withdrawal via a specific blockchain, they’ll have to pay a relevant gas fee. For example, the minimum withdrawal fee amounts to 0.001 for BTC, 0.02 for ETH, and 20 for USDT. Keep in mind that if network congestion occurs, Zoomex has the right to adjust the gas fee in real time.
That said, the fees will differ for standard and VIP users. VIP users will receive trading fee discounts that vary from 50% to 90% for maker and from 40% to 60% for taker fees. The amount of the discount will depend on the VIP level. The VIP level will be determined by the 30-day transaction volume.
Type of Fee
Amount
Futures trading
0.02% (maker), 0.06% (taker)
Spot trading
0.1% (maker), 0.1% (taker)
Zoomex Crypto Exchange’s Main Features and Services
Next, in our Zoomex review, we’ll discuss the main features and services of this platform:
Supported Wallets
Zoomex doesn’t have a native wallet. However, it supports popular crypto wallets like MetaMask, WalletConnect, Coinbase Wallet, and imToken. This platform also uses a multi-signature system to protect the assets of its users.
Supported Cryptocurrencies
Zoomex supports over 250 crypto coins/tokens and 50+ trading pairs, making it suitable for investors who want to build a diversified crypto portfolio. At the time of writing, the most traded pairs on Zoomex include BTC/USDT, PEPE/USDT, and ETH/USDT. Traders can also buy USDT, BTC, and ETH using 15 fiat currencies, such as USD, CAD, and EUR. As mentioned before, Zoomex doesn’t issue its own tokens to avoid a conflict of interest.
Lending and Borrowing Tools
Investors can use multiple trading tools, such as express purchase, slash deposit, USDT and inverse perpetual, and spot and copy trading. Most tradable instruments can be used on USDT perpetual pairs that come with a maximum leverage of 150x. However, its copy trading option is limited to features only.
CEX and DEX Version
Zoomex’s users can use the CEX and DEX versions of this platform. Using the former version requires creating an account and verifying personal data, while the same doesn’t apply to the former.
User Experience
Zoomex is designed for both pro and beginner traders, although its CEX version is more suitable for novices. On that note, its interface is user-friendly. Traders will be able to access price charts on each trading pair and customize their layouts by entering text, trend lines, etc.
Availability
Countries
Zoomex is a Singapore-based crypto exchange that’s available in over 30 countries. However, this service is unavailable in:
Zoomex is yet to be regulated by the SEC and the CFTC, which is why it’s not available for US residents.
Devices
Our Zoomex review discovered that the platform has a native mobile app that’s compatible with Android and iOS devices with version 12.0 or later. The Android app has a 4.5 rating, while the iOS app has a 3.8 rating. The best crypto apps enable their users to use the same tools and features that are available on the desktop version, and Zoomex is no exception.
With that in mind, the Zoomex app features the same tools as its desktop counterpart. It has a mobile-friendly interface that enables seamless trading. The size of the app doesn’t exceed 110 MB. Moreover, it supports fast withdrawals and 24/7 technical support.
Payment Methods
Zoomex offers three payment channels – OnlinePay, Onramper, and LegendTrading. OnlinePay charges a 4.875% service fee. It also offers four payment options – credit card, bank transfer, Apple Pay, and Google Pay. Onramper offers third-party payment methods, like Topper, MoonPay, and Alchemy Pay, while LegendTrading offers bank transfers, wire transfers, and AHC.
The Zoomex minimum investment will depend on the cryptocurrency. For example, the minimum deposit for BTC is 0.000015, while for ETH, it’s 0.0001.
To create an account on Zoomex, you’ll have to do the following:
Zoomex Signing Up Process
Zoomex Customer Service
Zoomex offers highly responsive customer support 24/7. Investors can contact its agents via live chat or email. The former is only available to registered users since it requires entering a name and email or mobile number. As for the latter, traders can use four different emails: one for general questions and the other three for affiliate inquiries, business consultations, and VIP services.
This platform actively incorporates feedback from its users. In other words, Zoomex’s regular updates and new product launches are driven by its user needs and suggestions.
In addition to that, traders will be able to use its extensive Help Center section to find answers to all essential questions, from fees to announcements and deposits.
Zoomex’s customer support stands out among other crypto exchanges with its multilingualism. On that note, traders can contact Zoomex agents in eight different languages, including German, Russian, Japanese, and Spanish.
Why Choose Zoomex
As you can see from our Zoomex review, this platform is suitable for both beginner and advanced traders. It supports 250+ cryptocurrencies and over 50 trading pairs. It also acts as a CEX and DEX platform, which makes it suitable for all types of traders. Crypto traders also prefer Zoomex over other exchanges due to its low fees, large daily trading volume, user-driven approach, and multi-signature wallet system.
Its maker and taker fees on futures range from 0.02% to 0.06%, which is in line with the industry standard. However, its fee rate for spot trading is 0.1%, which is much lower than that of its competitors, like OKX and MEXC.
This platform has managed to attract over two million users through its events and bonuses, which come with lucrative rewards.
Finally, Zoomex reportedly has a large daily trading volume that exceeds $4.11B. It’s also known for its responsive, multilingual customer support, 300+ perpetual contracts, great leverage on crypto futures, up to 150x, and top-tier liquidity.
Conclusion
We hope that our Zoomex review helped you learn everything about this innovative trading platform, from its main advantages to its biggest drawbacks. This exchange is ideal for derivatives traders since they’ll have access to over 300 inverse perpetual and USDT perpetual contracts.
Likewise, this platform has a centralized and decentralized version, which makes it attractive for all types of traders. Its only drawback is the limited number of spot trading instruments.