CoinZoom Exchange Review
CoinZoom is a centralized exchange that occupies #126 on Guru InvestingExchange Tracker. CoinZoom has trading volume US$1,334,889 in the last 24 hours and US$1,696,522,847 in the last 7 days.
CoinZoom currently has 27 cryptocurrencies, 0 paper currencies and markets (cryptocurrency trading pairs).
Compare CoinZoom next to other exchanges here: Exchange comparison tool.
CoinZum is centralized cryptocurrency exchange founded in 2018 and launched in 2020. Based in Salt Lake City, Utah, USA. CoinZoom cryptocurrency exchange supports buying, selling, spending and trading cryptocurrencies. It also supports fiat pairs, deposits and withdrawals.
CoinZoom collects and verifies user information in accordance with KYC and AML requirements. In addition to the information collected during the registration process, CoinZoom may collect other information about the buyer to enable the buyer to transfer assets or conduct transactions beyond established limits or frequency. CoinZoom prohibits users from countries included in designated sanctions lists. Some of these countries include North Korea, Lebanon, Iraq, Belarus, Burundi, Syria and Lebanon. Residents of some US states also have limited access to platform services.
CoinZoom is available in mobile applications for Android and iOS. Platform services can also be accessed via the Internet.
Markets
CoinZoom offers spot and margin trading. CoinZoom Spot allows users to trade listed cryptocurrencies using their available account balance. Margin trading, on the other hand, allows users to trade with leverage. Traders can get up to 5X leverage on certain crypto assets.
The CoinZoom cryptocurrency exchange supports more than 40 top cryptocurrencies for trading. CoinZoom trading pairs include crypto-crypto and crypto-fiat markets. There are more than 120 trading pairs on the platform.
CoinZoom launched its own ZOOM token in 2020.. The digital token allows users to receive discounts on trading, cashback, higher card spending limits and other rewards. The price of the CoinZoom cryptocurrency is available on the exchange.
CoinZoom cryptocurrency exchange offers three trading panels suitable for users with different experience levels. Mobile application CoinZoom allows users to buy, sell and trade on the go. The control panel also allows users to send cryptocurrency for free. Mobile application CoinZoom Pro has a more advanced trading interface with over 100 technical indicators, detailed order book, detailed depth chart view, multiple order types and betting function.
Advanced Trader CoinZoom The control panel is desktop based. It is suitable for experienced traders who need more advanced trading features. Platform order book supports market and limit orders. Market orders allow users to trade at affordable market prices. On the other side, Limit order The feature allows traders to customize prices for their orders.
In addition, there is also CoinZoom OTC (over-the-counter) table which offers deep liquidity for users who want to make large trades. The product offers a private and personalized service to institutions and high net worth individuals who need to fulfill large orders. The OTC department trades in more than 140 markets.
CoinZoom exchange fee follow the producer-receiver model for spot transactions. CoinZoom cryptocurrency fees range from 0.18% to 0.36% for makers and from 0.22% to 0.44% for takers. The platform also has VIP rewards program this gives users discounts on these trading fees. The discount varies from 10% to 50% depending on the user’s trading level.
The commission for deposits and withdrawals depends on the payment method and is:
- ACH – Free for deposits;
- Bank transfer (USD) – free for deposits; 25 US dollars for withdrawal;
- Credit and debit card deposit – 2.99%;
- Cash deposits CoinZoom – 5.00%;
- CoinZoom Instant (debit and prepaid card withdrawals) – $1.50 or 1.50% (whichever is greater);
The platform also charges a fee CoinZoom Visa commission for product users. Commissions are displayed on the platform website.
other services
CoinZoom Earn allows users to earn decent interest on their USD and cryptocurrency deposits. The product pays up to 7.50% on deposits. CoinZoom allows users to fund their CoinZoom account with up to $999 in cash through 30,000 merchants across the US. The process is fast, takes no more than 10 seconds.
Visa card CoinZoom — another product of the cryptocurrency exchange. The card allows holders to easily spend their cryptocurrency through a simple exchange. Other benefits include up to 5% cash back on every purchase.
Cryptocurrency exchange CoinZoom also offers ZoomMe, a product for cross-border money transfers. It supports both fiat currencies and cryptocurrencies.
CoinZoom also offers NFT platform for minting, buying and selling NFT assets. The premium payment gateway supports multiple payment methods including debit cards, ACH, bank transfers, cash (though CoinZoom Cash), direct deposits, BTC, ETHand more than 40 other leading cryptocurrencies in the world.
Cryptocurrency exchange CoinZoom also offers Public API a service that allows users to access platform data and services in real time. The product allows users to improve their trading experience.
Finally there is CoinZoom Commerce, which is a global exchange solution for deposits and withdrawals of funds for multinational companies. It allows users to instantly make payments to suppliers, customers, employees and distributors using cryptocurrency and fiat money.
About company
CoinZoom was founded in 2018 Todd Crosland. Headquarters are located in Salt Lake City, Utah, USA. Since its inception, the company has recorded constant growth as a cryptocurrency exchange. CoinZoom exchange volume is growing along with the increase in the number of traders on the platform. Daily CoinZoom volume for specific assets is available on the platform. The platform continues to expand its product range.
In March 2020, the platform was launched along with its own ZOOM token. CoinZoom currently serves users in over 192 countries, providing access to a variety of financial products.
founder of CoinZoom Todd Crosland is an experienced investor. He has demonstrated the ability to build successful teams and companies. He has over two decades of successful experience in financial services, investment banking and venture capital.
CoinZoom related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
