The cryptocurrency market continues to develop rapidly, with new exchanges emerging all the time. Zoomex is one such platform, founded in 2021 to provide a user-friendly and secure environment for cryptocurrency trading.
Dive into our comprehensive Zoomex review to learn more about the platform’s cutting-edge trading features, strong security measures, and transparent fee structure. We’ll also look at its potential advantages and limitations, giving you all the insights you need to determine whether an exchange is the best fit for your trading needs.
focus:
- Zoomex is a spot and futures cryptocurrency exchange with other advanced features such as copy trading, leveraged trading, and KYC-free trading.
- It provides a derivatives market with up to 300 futures contracts, including USDT perpetual contracts and inverse perpetual contracts, with leverage up to 150 times for some trading pairs.
- Zoomex utilizes multi-signature wallets, 2FA and advanced security protocols to ensure the safety of user assets and provides 24/7 multi-lingual customer support.
Zoomex Exchange Overview
Central America It is a popular derivatives trading platform launched in 2021. Designed for both beginners and experienced traders, the platform offers a variety of advanced charting and trading tools.
It supports more than 300 perpetual contracts and has a huge user base with 2 million registered users from 30 countries. The platform handles a large volume of transactions, exceeding Transaction volume USD 5 billion In the past 24 hours (as of this writing).
One of the main features of Zoomex is its high-speed trading interface, with a latency of less than 10 milliseconds, ensuring a fast and efficient trading experience. The platform offers a variety of services, including spot trading, derivatives trading and decentralized exchange options. You can also participate in copy trading and use the mobile app to trade on the go.
Advantages of Zoomex
- No KYC transaction required, no need to provide personal information
- Transaction fees can be customized according to users and are not provided by other exchanges.
- They have customer support available 24/7 and can help with any issues
- Fast and convenient deposit and withdrawal services for various cryptocurrencies
- Unlike some exchanges, Zoomex does not issue its own tokens, avoiding potential conflicts of interest
Disadvantages of Zoomex
- Fiat currency recharge channels are limited
- Some advanced trading features, such as margin trading and options trading, are not available
- Automated trading robots and staking services are not supported
Zoomex Features: Why choose Zoomex?
Advanced derivatives market
Zoomex Exchange offers powerful derivatives market Designed for various trading strategies. This market includes different types of contracts such as USDT Perpetual Contract and Inverse Perpetual Contract.
- USDT perpetual contracts are settled in USDT, a stablecoin pegged to the U.S. dollar. These contracts enable traders to go long or short without an expiration date.
- Inverse perpetual contracts are settled in the underlying cryptocurrency such as Bitcoin or Ethereum, rather than in stablecoins. This means that profits and losses are realized in the cryptocurrency itself.
For trading derivatives, it also offers two margin modes: Cross Margin and Isolated Margin.
- In cross margin mode, all available balances in a trader’s account are shared among all open positions to prevent liquidation.
- In isolated margin mode, margin is limited to the amount allocated to each position. If a position is at risk of liquidation, only the individual margin is at risk, thus protecting the rest of the trader’s capital. Therefore, if you are a beginner, we recommend starting in isolation mode to reduce exposure and risk.
Zoomex offers up to 300 futures contracts. This provides traders with many different trading options. Traders can use leverage up to 150x.
copy trade
Zoomex’s copy trading feature allows you to copy the trades of expert traders, known as Master Traders. This helps beginners to make profits without having to know much about trading. How it works: When you choose to follow a Master Trader, your account will automatically copy their trades instantly. This means no trading knowledge is required.
Some benefits are:
- transparency: You can view detailed information about master traders, such as their past performance and trading strategies. This can help you choose the right trader to follow.
- Hold-free trading: You don’t need to constantly monitor the market or manage your trades.
- benefit: In addition to their own trading profits, trading masters can also earn monthly bonuses of up to 3,000 USDT based on the transaction success rate and the number of followers.
- profit sharing: If you become a trading master, you can get up to 10% of the profits generated by your followers’ transactions.
No KYC required
Zoomex is a popular no-KYC cryptocurrency exchange. This means you don’t need to complete identity verification to transact, simplifying and speeding up the onboarding process. This feature allows you to remain anonymous while still having access to the platform’s comprehensive trading tools and features.
On Zoomex, you can withdraw up to 100 BTC without KYC verification. If you want to withdraw more than 100 BTC per day, you need to complete KYC verification. After completing the KYC verification, your daily withdrawal limit will be increased to 200 BTC.
High security measures
Zoomex prioritizes the security of user assets through a number of strong security measures. One of the main security features is to use Multi-sig wallet For cold and hot storage. The system requires multiple approvals for a transaction, making unauthorized access more difficult. You can also set 2FA Use Google Authenticator.
Additionally, Zoomex uses advanced security protocols to ensure the integrity of the platform. Continuous monitoring and real-time data analysis help quickly detect and respond to suspicious activity. The platform is designed to provide high liquidity and reliable pricing, even in volatile markets, ensuring zero price slippage.
Cryptocurrency exchanges also offer 24/7 multilingual customer support Help users resolve any security issues. This ongoing support ensures users can get help when they need it, increasing the reliability and security of the platform.
Rich activities and generous rewards
Zoomex hosts various events and offers tons of bonus rewards to its users.
It offers new users a substantial sign-up bonus of up to $45,115. New users can get this bonus Create an account, make your first deposit and start trading. Specific rewards are tiered based on the amount deposited and the trading activity performed by the user.
For example, deposit $500 and get a $10 bonus. in addition, Zoomex Task Center Let you complete simple tasks to get exclusive rewards. These tasks include activities such as logging in daily, conducting high-volume transactions, or participating in community events. Mission Center rewards can include trading bonuses and fee discounts.
Switching between centralized and decentralized exchanges
Zoomex provides centralized (CEX) and decentralized (DEX) trading services. You can switch between the two exchanges using a simple toggle button.
The decentralized aspect of Zoomex allows you to conduct anonymous, intermediary-free transactions through smart contracts. This ensures privacy and control over assets, as transactions are managed directly on the Ethereum blockchain without the need for a central authority. You can read more about Zoomex DEX is here.
Zoomex Fees and VIP Benefits
For general users, Zoomex charges the lowest trading fees in the industry, with trading fees of 0.02% for makers and 0.06% for takers. For VIP members, Zoomex provides greater fee reductions and exclusive benefits. The VIP program is divided into five levels, each offering progressively greater discounts and additional benefits.
To qualify as a VIP, you need to reach certain transaction volume thresholds within 30 days. The following is a breakdown of benefits for different VIP levels:
- VIP 1: For users with a 30-day trading volume of at least $5 million, the Maker fee is 0.020% and the Taker fee is reduced to 0.036% (40% discount).
- VIP 2: When the trading volume reaches $10 million, the taker fee is further reduced to 0.033% (45% discount).
- VIP 3: At a price of $30 million, users can enjoy a 50% discount on Maker (0.01%) and Taker (0.03%) fees.
- VIP 4: With a trading volume of US$50 million, maker fees are reduced by 70% to 0.006%, and taker fees are reduced by 55% to 0.027%.
- VIP 5: The highest level, which requires a trading volume of US$100 million, provides a 90% discount on the maker fee (0.002%) and a 60% discount on the taker fee (0.024%).
In addition to fee discounts, VIP members can earn monthly bonuses based on trading volume, ranging from $100 for VIP1 to $1,500 for VIP5. Additionally, their deposits have an APR of 4.8%, and each tier has specific minimum asset requirements.
Zoomex’s VIP members also enjoy exclusive privileges, such as personalized customer support, higher withdrawal limits, and priority deposit and withdrawal services. Check complete Zoomex VIP benefits are here.
Zoomex Review: Final Thoughts
To wrap up our Zoomex review, it is a popular crypto asset trading platform. It is especially suitable for those interested in spot trading, futures trading and KYC-free trading. Their focus on security and features like multi-signature cold wallets are also a positive point to consider.
However, the lack of advanced trading tools such as margin trading, options trading, and staking services is a simple drawback.
Disclaimer: This content is provided by Zoomex in cooperation with the NFTevening team, focusing on the functions and advantages of the Zoomex exchange.
