With over 900 cryptocurrency exchanges in the market, traders have plenty of options. However, not all platforms meet key criteria like low fees, strong security, and user-friendly features. The challenge is finding a platform that combines reliability, innovation, and value.
This review takes a closer look at Zoomex, a cryptocurrency exchange gaining attention for its competitive edge. Does it live up to its promises? We’ll examine its offerings, usability, security, and support so you can decide if Zoomex is right for your trading needs.
Overview of Zoomex
Founded in 2021 and headquartered in Singapore, Zoomex is quickly gaining popularity, with over 2 million active users in more than 30 countries. The platform prioritizes a user-centric approach and incorporates feedback into its development.
Zoomex operates as both a centralized (CEX) and decentralized exchange (DEX), offering flexibility for many users. While it focuses heavily on derivatives trading, it also offers competitive leverage (up to 150x), staking, and trading competitions to enhance the user experience.
The platform supports many cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and various altcoins, allowing users to diversify their portfolios. Payment options like bank transfers and credit card deposits ensure global accessibility.
In addition to trading, Zoomex is known for actively engaging its community. It regularly hosts events like the Zoomex World Trading Competition (ZWTC), which offers substantial rewards and fosters a competitive spirit among traders.
Zoomex Interface
Regarding crypto trading, how a platform looks plays a role in ensuring both beginner and experienced traders can execute their trades efficiently and confidently. Zoomex, with its clean, intuitive, and feature-rich interface, does just that— it combines user-friendliness with advanced trading tools.
Simplicity and Functionality
The Zoomex interface prioritizes simplicity without sacrificing the essential tools needed by experienced traders. Upon logging in, users are greeted with a minimalist dashboard with well-organized panels for key information: market data, open positions, trading pairs, and more. This layout helps avoid overwhelming new users while maintaining functionality for advanced traders.
User-Friendliness and Customization
Zoomex allows users to customize their workspace with a simple drag-and-drop feature. Traders can easily adjust the layout, moving widgets and tools around, such as placing the portfolio next to the order book. Sections can also be resized for better workflow, a useful feature for optimizing the trading experience.
For those who need a more detailed view, Zoomex offers powerful charting tools without cluttering the dashboard. Interactive charts allow users to zoom in on specific timeframes and apply technical indicators like moving averages, Bollinger Bands, and RSI. These intuitively placed features make switching between simple and advanced charting options easy.
Quick Access to Market Insights and Information
One of the standout features of the Zoomex interface is the quick access to key market data. Real-time prices, portfolio value, trade history, and the order book are all readily available on the main dashboard. The platform’s fast load times ensure that users can instantly access and act on this information.
Zoomex also provides multiple ways to view market data, whether through a live ticker, detailed charts, or order books, making it easy to spot trading opportunities.
Supported Cryptocurrencies and Trading Pairs
Zoomex supports over 300 cryptocurrencies in its Futures market. This offers traders a wide range of assets from major coins like Bitcoin (BTC) and Ethereum (ETH) to emerging tokens and altcoins. Additionally, the platform provides more than 60 trading pairs that align with Zoomex key products, features, and functions in Spot trading, catering to various trading strategies, from short-term speculation to long-term investment.
Zoomex Key Products, Features and Functions
Market
The Zoomex market page includes several user-friendly features to enhance the trading experience. The “Add to Favorites” function lets users track specific cryptocurrencies, monitor price movements, and spot trends without searching through the entire asset list.
The “Popular Trading Pairs” section highlights frequently traded pairs like SOL/USDT and PEPE/USDT, giving traders quick access to the most liquid and active pairs.
Spot Trading
Zoomex offers spot trading, allowing users to buy and sell cryptocurrencies at current market prices. While the number of spot pairs is smaller than in the derivatives market, Zoomex still offers over 60 pairs. Users can place market orders for immediate execution or limit orders for specific price levels. The platform provides advanced charting tools, real-time data, and high liquidity for a seamless trading experience.
Copy Trading
Zoomex’s copy trading feature allows both beginners and experienced traders to replicate the strategies of top investors with a single click. This is an easy way to profit from trading without needing deep market knowledge.
Users can follow traders based on performance metrics like profit, win rate, and follower count. Copy trading is available for 22 USDT futures pairs with leverage up to 30x.
Note that there is a 10% profit-sharing fee when copying a trader, and experienced traders can become “Master Traders” to earn from sharing their strategies.
Contract Trading
Contract trading on Zoomex lets users speculate on the future price movements of cryptocurrencies without owning the underlying assets. The platform offers two types of perpetual contracts: inverse perpetual and USDT-perpetual.
Inverse perpetual contracts use the underlying cryptocurrency as collateral, while USDT-perpetual contracts use Tether (USDT) as the margin.
Traders can choose based on collateral type or margin stability. Zoomex provides leverage up to 150x on certain futures contracts, enabling traders to amplify their positions for higher potential profits (and risks).
Solid Liquidity
Liquidity is essential for executing orders efficiently and at the desired price. Zoomex offers robust liquidity across its trading pairs, ensuring reliable execution even during high-volume trading periods. Users experience minimal slippage, making the platform suitable for traders at all levels.
Liquidity Mining
Zoomex also offers liquidity mining opportunities. Users who contribute to liquidity pools can earn rewards in the form of tokens or fees. By providing liquidity, users help maintain a smooth trading environment while earning a share of the fees generated by trades within the pool.
P2P Trading
Also, Zoomex supports peer-to-peer (P2P) trading, allowing users to buy and sell cryptocurrencies directly with each other. Users can set their prices and terms, offering more flexibility than traditional exchange models. The platform’s escrow system ensures that all transactions are secure and protected from fraud, providing a safe and flexible trading experience.
Trading Tools on Zoomex
Zoomex offers several innovative trading tools to enhance the user experience:
- Express Purchase: Simplifies cryptocurrency purchases by eliminating complex transfers between exchanges, allowing quick transactions.
- Centralized Exchange (CEX): Provides a secure, reliable platform for users who prefer centralized trading.
- Decentralized Exchange (DEX): This type of exchange combines the advantages of centralized and decentralized exchanges, catering to decentralized traders.
Zoomex Rewards
Zoomex offers multiple ways for users to earn rewards, making the trading experience more engaging:
- Rewards Hub: Users can complete tasks to claim exclusive rewards, which can be used to cover trading losses or reduce fees. The platform also runs exciting giveaways, such as Tesla cars, to keep users motivated.
- Campaigns and Promotions: Regular campaigns like the Zoomex World Trading Competition (ZWTC) and promotions such as the “Euro 2024 Guess” allow users to earn points, redeemable for bonuses, merchandise, and airdrops like CHZ tokens.
- Zoomex 3rd Anniversary Campaign: Zoomex celebrates its 3rd anniversary with a snooker-themed event. 10 BTC is up for grabs, plus physical rewards like luxury tours and snooker merchandise. Players are expected to complete tasks (check-ins, deposits, trades, invites) for daily lucky draws. Additionally, users can collect Z, O, M, E, X cards to unlock additional prizes.
- Game Center: Zoomex’s Game Center features fun games like “To The Moon” and “1 USDT Treasure Hunt,” where users can earn rewards while enjoying themselves.
- Referral Program: Users can earn U bonuses by inviting friends to the platform, which can be used for trading fees, losses, or margins on future trades.
Zoomex VIP Club
The Zoomex VIP Club offers exclusive perks for high-volume traders. To qualify, increase your 30-day trading volume or transfer your VIP status from another exchange by providing proof (e.g., screenshots of your VIP level or trading volume).
VIP Benefits
- Trading Fee Discounts: Up to 90% off maker fees and 60% off-taker fees, depending on your VIP level.
- Higher Withdrawal Limits: Enjoy faster withdrawals with higher limits.
- Priority Support: Access 24/7 customer service with a dedicated VIP ambassador.
- Exclusive Bonuses: Earn up to $1,500 in bonuses and up to $2,000 in wealth management returns.
- Custom Gifts & Invitations: Receive personalized gifts and invites to industry events.
- Referral Program: Earn up to 1,000 USDT for referring friends who meet the trading volume requirement.
Zoomex Sign-up Process
The Zoomex sign-up process is quick and straightforward. Here’s how to get started:
- Visit the Zoomex Website.
- Click the Sign-Up Button: On the homepage, click “Sign Up” at the top right.
- Enter Your Information: Provide your email, preferred username, and password. Choose a strong password for security.
- Agree to Terms: Read and accept Zoomex’s terms, privacy policy, and relevant agreements.
- Email Verification: Check your email for a verification link and click to confirm your account.
- Enable Two-Factor Authentication (2FA): For added security, enable 2FA via email or mobile app (optional but recommended).
- Deposit Funds and Start Trading: Deposit funds and begin trading.
Zoomex Fees
Zoomex offers a competitive and transparent fee structure across spot trading, futures trading, and withdrawals. Here’s a breakdown:
Trading Fees
- Futures Trading (Derivatives):
- Maker Fee: 0.02%
- Taker Fee: 0.06%
These fees apply to both USDT perpetual and inverse perpetual contracts, making Zoomex a competitive option for futures traders.
- Spot Trading:
- Maker & Taker Fees: 0.1% each, offering low-cost trading.
Withdrawal Fees
Zoomex does not charge any fees for depositing cryptocurrencies, which greatly benefits users. However, withdrawal fees depend on the specific cryptocurrency being withdrawn and its network. For example:
- BTC Withdrawals: 0.0005 BTC
- ETH Withdrawals: 0.005 ETH
These fees are typical for many exchanges but vary based on network congestion and other factors.
- Additional Fees and Features
- No Deposit Fees: Zoomex charges no fees for cryptocurrency deposits, which is a plus for users looking to fund their accounts without additional costs.
- VIP Club Discounts: Users who join Zoomex’s VIP program can access significant trading fee discounts, with discounts of up to 90% on maker fees and 60% on taker fees, depending on their VIP level.
- In-App Purchases and Features: While the Zoomex app is free to download and register, some in-app purchases and additional features may incur charges.
- Special Events and Offers
Zoomex often holds special events and promotions that offer users fee discounts and additional rewards. To maximize savings, it’s a good idea to stay updated on these.
Zoomex Payment Methods
Zoomex offers two main payment methods: Express (Onramper) and Slash Deposit, catering to different user needs.
- Express (Onramper):
- Description: Instant cryptocurrency purchases using various fiat currencies.
- Supported Fiat Currencies: USD, EUR, GBP, JPY, and more.
- Supported Cryptocurrencies: BTC, ETH, USDT, and others.
- Fees: 4.875% service fee.
- Slash Deposit: Slash Deposit offers a secure and decentralized method for users to deposit funds via Web3 wallets. This method supports several blockchains and allows users to make more customized transactions.
- Supported Networks: Ethereum, Polygon, BNB Smart Chain, Optimism, and Arbitrum.
- Fees: Fees vary by network and are not specified.
Know Your Customer (KYC) Process
Zoomex values your privacy and offers a flexible approach to Know Your Customer (KYC) verification. For users who prefer a simpler experience, KYC verification is optional, allowing them to trade without completing the process.
However, users who opt not to complete KYC will be subject to a daily withdrawal limit of 100 BTC. Those who choose to verify their accounts can access higher withdrawal limits through different KYC levels. Level 1 verification requires submitting a photo of an ID, passport, or driver’s license, which increases the daily withdrawal limit to 200 BTC.
Security and Compliant
Zoomex prioritizes user security by implementing advanced measures to protect personal information and funds. All sensitive data is encrypted using industry-standard protocols, ensuring the safety of passwords, financial details, and other user information. With a strong security track record and no incidents reported to date, Zoomex demonstrates its commitment to safeguarding user data.
The platform employs a multi-signature cold and hot wallet system, requiring multiple private keys to authorize transactions. This reduces the risk of unauthorized access and fraud, ensuring that withdrawals can only be processed with the consensus of multiple parties. A significant portion of user funds is stored in offline cold wallets, minimizing exposure to cyberattacks.
To further enhance security, Zoomex mandates email verification and Google Authentication (2FA) for withdrawal approvals, adding an extra layer of protection. The platform is licensed as a Money Services Business (MSB) in Canada and is actively pursuing additional licenses in other countries, underscoring its dedication to regulatory compliance.
Moreover, with the launch of its Decentralized Exchange (DEX), Zoomex ensures that all transactions comply with existing regulations, fostering a secure and legitimate trading environment. However, the platform does not offer services to residents of certain jurisdictions, including the United States and other restricted regions.
Mobile Trading: A Seamless Transition
The mobile version of the platform offers a seamless experience that mirrors the desktop interface, allowing you to access all key features and functions with ease. Whether you’re monitoring your portfolio or executing trades, the app is both responsive and intuitive.
One of the standout features of the mobile app is its flawless integration with the desktop version. If you’re familiar with the desktop layout and functionality, you’ll find the mobile version equally efficient. This consistency across both platforms ensures a smooth transition between devices, allowing traders to manage their positions without being restricted by screen size or limited functionality.
Customer Support
Zoomex provides 24/7 customer support to assist users with any issues they may encounter on the platform. Users can reach the support team via live chat or email, where they are ready to resolve a range of concerns, from technical problems to account-related questions.
Additionally, Zoomex offers a comprehensive help center with FAQs and guides, enabling users to quickly find answers to common questions on their own.
Pros and Cons of Zommex
Pros
- Competitive Fees: Zoomex offers low trading fees, with maker fees as low as 0.02% for derivatives and 0.1% for spot trading. VIP members benefit from additional discounts, making it a great choice for high-volume traders.
- KYC: Zoomex provides a flexible KYC process, allowing users to trade without verification but offering increased withdrawal limits of up to 200 BTC for verified accounts.
- Strong Security: The platform uses a multi-signature cold/hot wallet system, email verification, and Google Authentication (2FA) to ensure the safety of user funds and secure transactions.
- Liquidity: Zoomex offers high liquidity, enabling users to execute trades quickly and efficiently with minimal price slippage.
- User-Friendly Interface: Zoomex’s platform is intuitive, catering to both beginners and experienced traders. It also offers mobile and desktop applications for convenient access.
- Rewarding Promotions: The exchange regularly hosts campaigns and offers rewards such as bonuses, airdrops, and engaging games that benefit users.
- 24/7 Customer Support: Zoomex provides accessible customer service through live chat and email, with VIP members receiving personalized support from a dedicated ambassador.
Cons
- Limited Fiat Withdrawals: Currently, Zoomex supports only crypto withdrawals, and there are no fiat withdrawal options available, which could be a drawback for some users.
- Jurisdiction Restrictions: Zoomex does not offer services to users in certain countries, including the United States, North Korea, and Iran, limiting access for some global traders.
Conclusion: Is Zoomex Worth It?
Zoomex stands out as a top-tier cryptocurrency exchange, combining advanced features with a user-friendly design. With robust security, innovative trading tools, and responsive customer support, it is an excellent choice for traders of all experience levels. While it has some limitations, such as a lack of fiat withdrawal options, these are outweighed by the platform’s many strengths.
For those seeking a reliable, efficient, and secure trading environment, Zoomex is worth considering.
FAQs about Zoomex
- What is Zoomex?
Zoomex is a cryptocurrency exchange platform that offers trading options for spot and derivatives. It offers competitive fees, a secure trading environment, and a variety of crypto assets.
- What are the fees on Zoomex?
Zoomex charges a maker fee of 0.02% and a taker fee of 0.06% for derivatives trading, while spot trading fees are 0.1% for both makers and takers. VIP members enjoy additional fee discounts.
- Is Zoomex secure?
Yes, Zoomex employs industry-standard security protocols, including multi-signature wallets, two-factor authentication (2FA), and email verification for withdrawals to protect user funds.
- Does Zoomex require KYC?
No, Zoomex does not require KYC verification for most users, although some services or features may request identity verification based on account activity or location.
- How can I become a VIP on Zoomex?
To become a VIP, you can either reach a trading volume of over $5 million in 30 days or provide proof of your VIP status from another exchange. VIP members enjoy lower fees, higher withdrawal limits, and priority customer support.
