ZOOMEX is a Singaporean exchange offering spot and futures [150x maximum leverage] trading to over 2 million users. 6 user levels [VIP0, VIP1, VIP2, VIP3, VIP4, VIP5] are available in ZOOMEX exchange.
ZOOMEX Exchange Company Information and Regulation
ZOOMEX is a cryptocurrency exchange platform that has gained significant traction since its inception in 2021. The company operates with a strong focus on regulatory compliance and security, which is evident from its key credentials:
- MSB License in Canada: ZOOMEX has obtained a Money Services Business (MSB) license in Canada, demonstrating its commitment to operating within legal frameworks.
- Security Certification from Hacken: The platform has received security certification from Hacken, a reputable cybersecurity firm, indicating robust security measures to protect users' assets.
These credentials underscore ZOOMEX's dedication to providing a secure and compliant trading environment for its users. However, it's important to note that the exchange's services may be restricted in certain regions due to regulatory requirements.
Table of Specifics
ZOOMEX has positioned itself as a versatile cryptocurrency exchange, catering to both novice and experienced traders. Here's a breakdown of its key features:
Exchange | ZOOMEX |
Launch Date | 2021 |
Levels | 6 [VIP0, VIP1, VIP2, VIP3, VIP4, VIP5] |
Trading Fees | Starts From 0.02% in Maker and 0.06% in Taker |
Supported Coins | 360+ |
Futures Trading | Available |
Minimum Deposit | $1 |
Deposit Methods | Bank Transfers, Credit, Wire, SWIFT, SEPA, VISA, Mastercard |
Withdrawal Methods | Bank Transfers, Credit, Wire, SWIFT, SEPA, VISA, Mastercard |
Maximum Leverage | 150x |
Minimum Trade amount | $1 |
Security Factors | Multi-signature Wallets, Cold Storage, Regular Security Audits, 2-Factor Authentication (2FA), IP and Device Monitoring |
Services | Liquidity Mining, Futures Trading, Copy Trading |
Customer Support Ways | Live Chat, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Limit, Market, Conditional |
Native Token | - |
Restricted Countries | United States, Mainland China, North Korea, Iran, Cuba, Crimea, Sevastopol, Sudan, Syria |
ZOOMEX's unique selling point is its combination of privacy-focused trading (no mandatory KYC) with advanced features typically found on more traditional exchanges.
What Are ZOOMEX Exchange User Levels?
ZOOMEX offers a tiered VIP user level system, providing additional features and benefits as users progress; ZOOMEX Exchange User Levels:
VIP Level | 30-Day Trading Volume | Bonus Rewards |
VIP0 | ≥ $0 | None |
VIP1 | ≥ $5,000,000 | $100 if Trading Volume Exceeds ≥ 750K |
VIP2 | ≥ $10,000,000 | $200 if Trading Volume Exceeds ≥ 1.5M |
VIP3 | ≥ $30,000,000 | $500 if Trading Volume Exceeds ≥ 3M |
VIP4 | ≥ $50,000,000(API Trading Volume Share Below 20%) | $800 if Trading Volume Exceeds ≥ 6M |
VIP5 | ≥ $100,000,000(API Trading Volume Share Below 20%) | $1500 if Trading Volume Exceeds ≥ 10M |
Users can upgrade their accounts by meeting certain trading volume or holding requirements, unlocking more advanced trading tools and functionalities.
Fees and Commissions Overview
ZOOMEX offers a competitive fee structure, based on its user levels which is a good news for high-volume traders:
VIP Level | Spot Maker Fees | Spot Taker Fees | Futures Maker Fees | Futures Taker Fees |
VIP0 | 0.02% | 0.06% | 0.02% | 0.06% |
VIP1 | 0.02% | 0.036% | 0.02% | 0.06% |
VIP2 | 0.018% | 0.033% | 0.02% | 0.06% |
VIP3 | 0.015% | 0.03% | 0.02% | 0.06% |
VIP4 | 0.012% | 0.027% | 0.02% | 0.06% |
VIP5 | 0.008% | 0.024% | 0.02% | 0.06% |
Withdrawal fees vary depending on the cryptocurrency. ZOOMEX's VIP program offers significant fee discounts, with top-tier VIP members enjoying up to 90% off standard fees.
How Many Coins Can I Trade in ZOOMEX?
ZOOMEX supports a wide range of cryptocurrencies, offering over 360 assets for trading. This diverse selection includes:
- Major cryptocurrencies (Bitcoin, Ethereum, etc.)
- Altcoins (Cardano, Ripple, PEPE, DogeCoin, etc.)
- DeFi tokens (Arbitrum, dYdX, Aave, etc.)
- Stablecoins (BUSD, USDT, etc.)
The platform regularly adds new assets based on market demand and thorough vetting processes.
Main Specifics of Futures and Margin Trading in ZOOMEX Exchange
ZOOMEX excels in its futures and margin trading offerings:
- Diverse Derivatives Market: Over 300 perpetual contracts, including USDT and inverse perpetual contracts.
- High Leverage: Up to 150x leverage available on select trading pairs.
- Copy Trading: Users can automatically replicate trades of successful traders.
- Advanced Order Types: Stop-loss, take-profit, and conditional orders available.
- Risk Management Tools: Liquidation calculator and position builder to help manage risk.
These features make ZOOMEX an attractive platform for advanced traders looking to engage in complex trading strategies.
How to Register in ZOOMEX? Is KYC Mandatory?
Registering on ZOOMEX is an easy process and the good news is: KYC is not mandatory; ZOOMEX Registration:
- Visit the ZOOMEX website and click on "Sign Up".
- Enter your email address and create a strong password.
- Verify your email address through the confirmation link.
- Set up 2-factor authentication for added security.
- Complete KYC verification for higher withdrawal limits and additional features [This step is optional].
Note: While KYC is not mandatory for basic trading, it is required for certain advanced features or higher withdrawal limits.
What Are ZOOMEX Security Measures?
ZOOMEX prioritizes the security of its users' assets through several measures:
- Multi-signature Wallets: Protects user funds from unauthorized access.
- Cold Storage: Majority of user funds stored in offline, secure environments.
- Regular Security Audits: Conducted by third-party cybersecurity firms.
- 2-Factor Authentication (2FA): Mandatory for all withdrawals and major account changes.
- IP and Device Monitoring: Alerts users of any suspicious login attempts.
These robust security measures aim to provide users with peace of mind while trading on the platform.
What Are ZOOMEX Payment Methods?
In this section of ZOOMEX review we will reach out to its payment methods; This exchange supports various payment methods to cater to a global user base:
- Bank transfers (Wire, SWIFT, SEPA);
- Credit/debit cards (Visa, MasterCard);
- Cryptocurrencies.
Note: The availability of certain payment methods may depend on the user's location.
Trust Scores and Evaluations
When we visited the ZOOMEX page on Trustpilot, discovered that no score was recorded on this site, and the reason for this was the violation of some rules. If there is a change in the future and a score is provided for ZOOMEX Exchange, we’ll update this page.
Also, this exchange has no score on CoinGecko and CoinMarketCap platforms.
ZOOMEX Copy Trading and Investment Options Overview
ZOOMEX offers several investment options beyond standard trading:
- Copy Trading: Users can automatically replicate the trades of successful traders;
- Contract Trading: Perpetual contracts with up to 150x leverage;
- Liquidity Mining: Stake your tokens in the liquidity pool to earn money;
- Trade Area: A dedicated space for advanced trading strategies and analysis.
These diverse options cater to different investment styles and risk appetites.
TradingFinder Expert Conclusion
ZOOMEX fees Starts From 0.02% in maker and 0.06% in taker to trade 360 cryptocurrencies. Minimum deposit is just $1 and you are able to use copy trading and liquidity mining. On the other hand, lack of KYC may raise concerns about security.
