By Godfrey Benjamin
Edited by Julia Sakovich
Updated
8 min read
Zoomex offers a secure and efficient trading environment for anyone wishing to conduct crypto trades, with fewer documentation requirements.
Zoomex is a relatively new exchange with headquarters in Singapore, launched in 2021 for crypto trading. The platform holds regulatory licenses in Canada, thus strengthening its position among its core competitors.
Zoomex offers various crypto services to cater to users’ needs, primarily through a centralized and decentralized platform. Users can buy, sell, and exchange a variety of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and others. Thus, users can engage with both well-established digital currencies and emerging tokens via the exchange.
Since it launched about three years ago, Zoomex has recorded important milestones and achievements. The exchange operates in about 30 countries, with about 2 million registered users, indicating its relatively increasing prominence. Additionally, the platform supports over 300 tokens in futures trading, with a total trading interface latency of less than 10ms.
The platform’s vision is to develop an online crypto trading platform, which fosters a stable, harmonious, and secure investment environment for users globally. Additionally, Zoomex aims to focus on users while evolving progressively to become a leader in the crypto sector.
Whether you are a novice or a professional in crypto trading, Zoomex provides a comprehensive range of products and services to meet your varied needs. Key products offered by Zoomex include spot trading, contract trading, copy trading, trade arena, and USDT perpetual.
In general, spot trading in crypto refers to purchasing a token at a low price to sell at a high price. Zoomex users can perform spot trading in real-time, using the platform’s advanced charting tools and market data. The platform assures security with strong protections and provides high liquidity, improving users’ trading experiences.
Some of the trading pairs in the Zoomex spot market include BTC/USDT, ETH/USDT, SOL/USDT, and DOGE/USDT among others. Traders can choose from among the crypto pairs listed on the platform. They can either place market orders for immediate execution at the current market price or set limit orders to buy or sell at specific price points.
In contract trading, traders speculate on future price movements, instead of owning the actual asset. This trading involves buying and selling contracts that derive value from an underlying asset, such as a crypto or stock.
Zoomex supports USDT-based and inverse-based contracts, allowing users to trade long or short positions on over 300 tokens. The USDT-perpetual trading uses USDT as the margin. All pairs in this category, such as XRPUSDT, ETHUSDT, or BTCUSDT, are tied to the USDT stablecoin.
The inverse-based perpetuals, on the other hand, use the underlying cryptocurrency as collateral for trading, where the coin itself acts as the margin. Popular examples are BTCUSD, ETHUSD, and XRPUSD.
The Zoomex copy trading feature allows users to replicate the investment strategies of top investors. With just a single click, they can increase their chances of profits by following expert trade. This feature is designed for beginners and professionals, offering support for all USDT futures trading pairs.
While Zoomex does not offer sub-accounts, traders can control their funds by manually transferring funds from the Contract Account to the Follower Account.
With so many crypto exchanges on the market, selecting the best one for trading can be difficult. However, the importance of picking a crypto exchange cannot be overemphasized as it can determine the overall outcome of a trader’s investment. In this section, we will look into some of the features and benefits Zoomex has to offer.
Zoomex stands out among other platforms with its flexible approach to satisfy the needs of its customers.
Unlike current competitors, the Zoomex team developed the platform based on surveys from customers, a unique approach to users satisfaction. The client feedback was utilized to improve a number of exchange processes, demonstrating Zoomex’s dedication to offering reliable trading experiences.
Users signing on to Zoomex do not need to submit a Know Your Customer (KYC) verification form. As a result, users can trade on the platform without disclosing private information like home addresses, telephone numbers, and Identity Cards.
This feature is particularly appealing to users who wish to remain anonymous but also want to get their hands on crypto.
Zoomex has a simplified interface, allowing users to navigate without difficulties. Upon launching the platform, users can easily scroll to the “buy crypto” option where they can purchase different cryptocurrencies.
Other features available on the top bar of the website are markets, derivatives, games, and spots. To interact with these features, users can easily create an account on the platform with their email address and password.
Zoomex prioritizes safety by creating a secure trading environment with top-tier security systems to safeguard user assets. In a recent development, renowned cybersecurity firm Hacken conducted a security audit on Zoomex.
The audit revealed seven vulnerabilities, categorized into four groups based on their level of severity: critical, high, medium, and low. The detection and fixing of these issues show Zoomex’s commitment to protecting user funds and offering a reliable trading environment.
The platform also ensures compliance with regulatory standards as an added measure to boost security. Zoomex has maintained an outstanding security record since launching its decentralized exchange, offering a reputable and safe trading environment without any mishaps yet.
Although the Zoomex Mobile App is free to download from the iOS or Play Store, certain in-app purchases and features may incur charges. Current charges can be seen on the website, once a user logs into their account.
The platform charges a maker fee of 0.02% and a taker fee of 0.06% for trading futures. On the other hand, both the maker and taker fees are set at 0.1% in spot trading. Per crypto trading, each cryptocurrency on Zoomex has unique withdrawal fees and limits, depending on the specific network used.
Zoomex offers a variety of payment options, including credit cards and bank transfers, to accommodate the varied tastes of its user base.
Another unique service offered on the platform is the Zoomex VIP program. This program is designed to offer exclusive benefits to experienced traders. VIP users from other exchanges can join the Zoomex VIP program by submitting screenshots of their VIP level page or their contract trading volume for the past 30 days.
Once submitted, a Zoomex ambassador will assess the VIP qualification within 48 hours if the material meets the application standards. Once admitted into the VIP program, members benefit from lower contract fees, increased withdrawal limits, and exclusive customer service.
The taker fee discount increases for VIP users with 5% from VIP1 to VIP5. VIP1 users get a taker fee discount of 40% for contract trading volumes of 5 million and above in the past 30 days.
VIP2 users receive a 45% taker fee discount for trading volumes over $10 million, while VIP3 users receive a 50% taker fee discount for trading volumes over $30 million. Furthermore, VIP4 traders receive a 55% taker fee discount, while VIP5 traders receive a 60% off for trading volumes above 100 million.
To create an account on Zoomex, visit Zoomex.com and navigate to the sign-up section. Register with either your email address or mobile number and set a password for security. Upon registration completion, you’ll have access to the platform features.
You can participate in the Zoomex Welcome Campaign to enjoy sign-up and deposit bonuses, reduced trading fees, referral rewards, and chances to win prizes in trading competitions.
Zoomex provides various support channels where users can drop their feedback and make inquiries. For assistance, users can contact Zoomex’s customer support team via the email addresses, [email protected]. The exchange can also be contacted on its official social media accounts on X (formerly Twitter), Telegram, Discord, and LinkedIn.
Furthermore, Zoomex caters to its international clients through support in other languages such as German, Korean, Mandarin Chinese, Spanish, Russian, Vietnamese, and Japanese. Zoomex plans to include support in French in August, a bold move towards expanding its reach.
Zoomex has emerged as a dominant player among other leading crypto exchanges with its user-centric focus and offering of a variety of services. The platform can easily be accessed by both inexperienced and professional traders due to its interactive and colorful interface. The platform’s proactive approach to security and regulatory compliance makes it an attractive option among crypto traders concerned about the safety of their assets.
While the platform shines in many areas, prospective users should also evaluate regional availability and cost structures to ensure it suits their requirements. Overall, Zoomex offers a secure and efficient trading environment for anyone wishing to conduct crypto trades, with fewer documentation requirements.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
