Zoomex Exchange Review 2024: Is This Trusted Platform Best for Buying Cryptocurrencies?

Introduction 

This 2024 Zoomex review examines one of the fastest-growing cryptocurrency exchange platforms. We evaluate its strengths and weaknesses, explore its various features, and provide a balanced assessment based on overall customer value. Read on to determine if Zoomex is the right platform for your crypto trading needs.

Zoomex Overview

Zoomex, founded in 2021 and headquartered in Singapore, has swiftly established itself as a prominent cryptocurrency exchange known for its mastery of cutting-edge blockchain technology. The platform prides itself on offering secure, reliable, and transparent digital asset trading services to a global user base of millions.

Zoomex facilitates trading in a wide array of cryptocurrencies, including but not limited to Bitcoin, Ethereum, and Litecoin. This diverse selection allows users to engage with both well-established digital currencies and emerging tokens. To enhance accessibility, Zoomex supports multiple payment methods, such as bank transfers and credit cards, catering to the preferences of its diverse user demographic. 

One of Zoomex’s distinguishing features is its commitment to delivering high-quality trading services at competitive rates, which has earned it a reputation among seasoned investors seeking robust trading solutions. The platform’s user-centric approach, coupled with its emphasis on security and innovation, continues to attract traders looking for a reliable partner in the evolving landscape of digital assets. 

Zoomex also hosts the most events among exchanges, offering substantial rewards. Key events include the Zoomex World Trading Competition (ZWTC), coin market price matching, and staking opportunities. 

Zoomex Exchange Details

Platform Interface

The Zoomex exchange platform is easy on the eye with its green and white text on black background colors. The drop-down tabs help the user easily toggle between the options. The platform is not congested with advertisements, carousel posts, and banners, which overwhelm new users. 

Supported Cryptocurrencies and Trading Pairs

Zoomex supports over 300+ cryptocurrencies in Futures and offers more than 50+ trading pairs in Spot, providing traders with diverse options from established coins like Bitcoin and Ethereum to emerging tokens and altcoins. This broad selection underscores Zoomex’s commitment to meeting the needs of cryptocurrency traders worldwide. 

Furthermore, unlike some exchanges, Zoomex avoids conflicts of interest by not issuing its own tokens yet. This decision supports a transparent and impartial trading environment where users can trade cryptocurrencies freely without the exchange promoting its proprietary token. This approach fosters trust and reliability among traders, highlighting Zoomex’s commitment to ethical operations and prioritizing user interests.

Key Features & Functions

Market

The Zoomex markets page includes the “add to favorites” feature, which enables users to select specific cryptocurrencies of interest. By adding cryptocurrencies to their favorites list, users can easily monitor price fluctuations and trends over time. 

This feature enhances user convenience and provides a personalized trading experience, allowing traders to focus on their preferred assets without the need to sift through all available options. 

The “Popular Trading Pairs” section on the Zoomex market page highlights the frequently traded pairs, including “SOLUSDT” and “PEPEUSDT,” which represent the trading pair for Solana (SOL) and Pepe (PEPE), respectively, against Tether (USDT). This indicates that SOL and PEPE are commonly traded with USDT on the platform.

Spot Trading

Zoomex’s spot trading allows users to buy and sell cryptocurrencies in real time. Traders can choose from a variety of digital assets listed on the platform. They can place market orders for immediate execution at the current market price or set limit orders to buy or sell at specific price points. 

Zoomex provides advanced charting tools and real-time market data to assist traders in making informed decisions. The platform ensures security through robust measures and offers high liquidity, enhancing users’ trading experiences. 

Contract Trading

Contract trading involves buying and selling contracts that derive their value from an underlying asset, such as a cryptocurrency, commodity, or stock. Instead of owning the actual asset, traders speculate on its future price movements.

Zoomex offers two types of perpetual contracts for trading: inverse perpetual and USDT-perpetual. Both types of contracts allow traders to hold positions indefinitely without expiration dates. Here’s a closer look at each: 

1. There is inverse perpetual trading, and these pairs utilize the underlying cryptocurrency as collateral for trading, where the coin itself acts as the margin. Common examples include BTC/USD, ETH/USD, and EOS/USD. These assets are perpetual contracts, meaning they have no expiration dates and do not require contract rollovers once acquired. 

2. The other contract is USDT-perpetual trading, which uses USDT (Tether) as the margin. All pairs in this category, such as BTCUSDT, ETHUSDT, or MANAUSDT, are tied to the stablecoin USDT. Like inverse perpetual pairs, these contracts are perpetual and do not have expiration dates.

Contract trading on Zoomex offers flexibility and diversity through inverse perpetual and USDT-perpetual contracts, allowing traders to leverage different types of collateral and engage in continuous trading without the need for contract rollovers. 

Zoomex offers 150x leverage on its futures trading service, applying to both USDT perpetual and inverse perpetual contracts, although this varies by asset. This high leverage allows traders to significantly amplify their positions compared to their initial investment, potentially increasing both profits and risks. 

By providing such leverage, Zoomex enables traders to maximize their market exposure and take advantage of small price movements. 

Copy Trading

Zoomex has a copy trading feature that allows anyone to replicate the investment strategies of top investors with a single click. This feature is designed to make profitable trading accessible to beginners and professionals alike. 

Zoomex copy trading offers robust support for all USDT futures trading pairs, enabling trading across various pairs based on their spread and preferences. With trader leverage of up to 30x, the platform caters to the diverse needs of professional traders. Additionally, it provides a generous copy trading maximum limit of $50,000, allowing traders to operate without restrictions. 

This approach enhances learning and builds a supportive network of traders benefiting from each other’s expertise. It fosters a global community where investors can interact and grow together through shared trading strategies. 

Comprehensive Trading Tools

Here are 3 comprehensive Zoomex trading tools: 

1. There is the express purchase, whereby there is no need for complicated transfers between exchanges. 
2. There is a centralized exchange, which offers a trustworthy and highly secure trading environment.
3. There is a new decentralized cryptocurrency derivatives exchange, a world-leading innovative model, and a one-stop service for centralized and decentralized users. The web terminal supports safe and worry-free transactions! 

Zoomex Rewards Hub

Zoomex has a wide variety of bonuses and rewards for its users. It has a rewards hub where users can complete simple tasks to claim exclusive rewards. Bonuses can be used as a margin to cover trading losses and offset trading fees for perpetual contracts before utilizing the user’s capital. While the bonuses themselves are non-withdrawable, any profits earned from trading with these bonuses can be withdrawn. 

Zoomex VIP Club

The Zoomex VIP program is designed to offer exclusive benefits to experienced traders. VIP users from other exchanges can join the Zoomex VIP club by providing proof of their VIP status on another exchange. This can be done by submitting a screenshot of their VIP level page or their contract trading volume for the past 30 days. The submission process is straightforward and does not require extensive documentation.

One of the key benefits of the Zoomex VIP program is that it does not require KYC (Know Your Customer) verification, allowing users to enjoy the benefits without going through the usual identity verification process.

Once accepted into the VIP program, users enjoy lower trading fees, higher withdrawal limits, and priority customer support. These perks enhance the trading experience and maximize profits. Sign up now to take advantage of these exclusive benefits! 

Zoomex Games

Zoomex regularly offers prize giveaways through exciting games. Recently, it launched “To the Moon,” a new game with potential winnings exceeding 5000x. Additionally, Zoomex features a 1 USDT treasure hunt with rewards up to 0.1 BTC and the Z Lucky Drop, where participants can win up to $1000 in cash airdrops. 

Zoomex has also introduced a mainstream campaign: https://www.zoomex.com/en/UEFA. This is a prediction campaign that will focus on the UEFA Euro 2024 tournament taking place in Germany. In this campaign, users can predict the winner of each match and earn crypto rewards and merchandise gifts. 

Zoomex Referral Program

Inviters may enter the Referral Program page and share either their referral link/code or QR code with their friends or on social media platforms. During the event, a successful referral is achieved when the invitee makes a first deposit of at least $200 and accumulates a trading volume of at least $10,000.

Zoomex Signing Up Process

To create an account, visit Zoomex.com and navigate to the sign-up section. You can register using either your email address or mobile number and set a strong password for security. After completing your registration, you’ll have access to many platform features.

Users can join the Zoomex Welcome Campaign and enjoy sign-up and deposit bonuses, reduced trading fees, referral rewards, and chances to win prizes in trading competitions. Plus, access educational resources to boost trading skills. Sign up now on the Zoomex website and start earning!

Fees

The app is free to download and register, but certain in-app purchases and features may incur charges. You agree to pay a transaction fee for each settled transaction you initiate. The current fee is listed on the site after a user logs into their account. 

Zoomex is a cryptocurrency exchange known for its competitive fee structure. For futures trading, the platform charges a maker fee of 0.02% and a taker fee of 0.06%. In spot trading, both the maker and taker fees are set at 0.1%.

There are 2 trading contracts associated with the Zoomex trading fee, and they each have their own trading formulas.

Moreover, each cryptocurrency on Zoomex has unique withdrawal fees and limits, depending on the specific network used. While fiat withdrawals are not supported, crypto withdrawal costs vary depending on the specific coin being withdrawn. 

Payment Methods

Zoomex offers two payment methods, which are Express (on Ramper) and Slash Deposit. These are designed to cater to a diverse user base, offering both speed and flexibility. Whether users need instant access to their funds or prefer a more secure and versatile deposit option, Zoomex provides solutions to meet these needs efficiently. 

KYC (Know Your Customer)

Zoomex prioritizes user anonymity by maintaining a policy that does not mandate KYC (Know Your Customer) verification. This approach allows users to trade and interact on the platform without disclosing personal information typically required by other exchanges. 

However, if a user plans to withdraw more than 100 BTC per day, they will need to apply for KYC as part of Zoomex’s protocol. 

Security

All sensitive data transmitted on Zoomex is encrypted using industry-standard protocols, ensuring that user information, including passwords and financial details, remains secure and protected from unauthorized access. Our exchange boasts an impeccable security record with no incidents to date, further emphasizing our commitment to safeguarding our users’ data. 

Zoomex uses a multi-signal (multi-signature) cold/hot wallet system to secure user funds, requiring multiple private keys for transaction authorization and consensus among parties for withdrawals.

Mobile Application

The mobile app is compatible with both iOS and Android devices, mirroring the functionality of the website. It enables trading, fund management, and access to customer support through a user-friendly and free application made for traders seeking mobility and flexibility. 

Customer Support

Zoomex integrates user feedback directly through its official community and customer support channels, shaping regular updates and new product launches based on user suggestions and needs. For assistance, users can contact Zoomex’s customer support team via email addresses listed on their website. 

Additionally, Zoomex actively engages with its community across various social media platforms such as Twitter, Telegram, Discord, and LinkedIn, providing extensive support through detailed guides, a comprehensive FAQ section, and a dedicated helpdesk.

Furthermore, it provides multilingual support in languages such as German, Korean, Mandarin Chinese, and Japanese, catering to its international clientele. 

Pros and Cons

Here are some of the pros and cons of using Zoomex: 

Final Score

Summary

Zoomex stands out as a robust and user-friendly cryptocurrency exchange, offering a range of features that cater to both novice and experienced traders. Its intuitive interface, comprehensive security measures, and diverse trading options make it a compelling choice in the competitive crypto market. 

Zoomex’s commitment to customer support and continuous improvement reflects its dedication to user satisfaction. While the platform excels in many areas, potential users should also consider factors such as regional availability and fee structures to ensure it meets their specific needs. Overall, Zoomex provides a reliable and efficient trading environment for anyone looking to engage in cryptocurrency transactions. 

FAQ’s