CoinZoom Exchange – Buy, Sell, and Trade Cryptocurrencies Securely

In this article, I will discuss the CoinZoom Exchange, which caters to both novice and pro investors in cryptocurrency trading.

CoinZoom allows the deposit of both fiat money and cryptocurrencies, guarantees a safe trading environment, and provides special features such as the CoinZoom Visa Card and ZOOM token incentives. Let’s examine its functionalities, pricing, and service quality.

Introduction

CoinZoom is a cryptocurrency exchange founded in 2018 and based in Salt Lake City, Utah. The exchange supports trading of Bitcoin, Ethereum, and a variety of altcoins.

CoinZoom provides numerous services, ranging from Spot Trading to fiat-to-crypto exchanges and even offers a crypto debit card.

It is integrated with multi-factor authentication and advanced encryption, making it user-friendly for both novice and expert traders.

Know Quick Details About CoinZoom

Feature	Details
Founded	2018
Headquarters	Salt Lake City, Utah, USA
Supported Cryptos	Bitcoin, Ethereum, Litecoin, Ripple, and many others
Trading Services	Spot trading, Fiat-to-crypto transactions, Peer-to-peer trading
Security	Multi-factor authentication, Encryption, Cold storage
CoinZoom Card	Crypto-backed debit card for spending crypto in everyday purchases
Fees	Low trading fees with a tiered fee structure based on volume
Mobile App	Available on iOS and Android for convenient trading on the go
Customer Support	24/7 support via email, phone, and live chat
Fiat Support	USD, EUR, and other fiat currencies for deposits and withdrawals

Some Popular Token Available On This Exchange

Token Name	Token Symbol	Category	Key Use Case	Blockchain
Bitcoin	BTC	Cryptocurrency	Digital store of value and peer-to-peer transactions	Bitcoin Blockchain
Ethereum	ETH	Smart Contract	Decentralized applications (DApps) and smart contracts	Ethereum Blockchain
Ripple	XRP	Payment Token	Cross-border payments and remittances	XRP Ledger
Litecoin	LTC	Cryptocurrency	Peer-to-peer digital currency for faster payments	Litecoin Blockchain
Chainlink	LINK	Oracle Network	Connecting smart contracts with real-world data	Ethereum Blockchain
Polkadot	DOT	Blockchain Network	Interoperability between different blockchains	Polkadot Blockchain
Cardano	ADA	Smart Contract	Decentralized applications and smart contracts	Cardano Blockchain

CoinZoom Price

CoinZoom Trading fees

Most platforms for trading cryptocurrency use two payment methods: taker fee and maker fee. A trader who takes an order already available in the order book is called a taker whereas a maker traces an order which doesn’t immediately match with an available order.

Makers normally have lower fees because they increase available liquidity on the platform. Exchanges that apply a flat rate fee do not categorize their customers into takers and makers. On the contrary, CoinZoom defines both types of customers and charges takers 0.44%, while makers are charged 0.36%.

The majority of people who researched the payments of crypto exchanges pointed out that the fast moving market average taker fee is 0.221%. The average maker fee is smaller and stands at 0.178%. Compared to other providers, CoinZoom is much more expensive than the industry average.

CoinZoom Withdrawal fees

For every BTC withdrawal, CoinZoom charges a 0.0005 BTC fee in addition to the withdrawal amount.

As per the last report, the global average for BTC withdrawal fees within the industry stands at 0.00053. Therefore, CoinZoom’s withdrawal fees are on par with their competitors and remain relevant in the fast-paced market.

Deposit Methods

CoinZoom makes it simple to deposit assets through a range of methods such as wire transfer, debit card payment, or direct deposits from preexisting cryptocurrency.

Because CoinZoom allows the deposit of fiat currencies, it qualifies as an ‘entry-level exchange’ whereby novice crypto enthusiasts can use the platform to kick start their cryptocurrency journeys.

How to Start Trading on CoinZoom

Follow the steps below to begin trading on CoinZoom.

Set Up An Account

Go to the CoinZoom website and complete the signup form with requested details and go through the verification stage.

Add Cash to the Account

Fund your account using a preferred payment option to add money to your CoinZoom account.

Select a Trading Pair

Go to the “Trade” section and choose the cryptocurrency pair you want to trade (for example BTC/USD).

Make an Order

Either select to buy or sell an item and what type of order market, limit, or stop order you wish to take.

Verify the Trade

Go through the order particulars and complete the trade.

CoinZoom Services and Features

Crypto Debit Card

Use the crypto debit card to pay for goods and services with your cryptocurrency at over 130 million merchants around the world. You can also earn up to 5% in crypto rewards.

ZoomMe®

A free and instantaneous service for transferring money, including cryptocurrency, internationally without having to pay fees.

Crypto Trading

Trade different cryptocurrencies at your convenience. It offers a great level of security due to option for both novice and experienced traders, incorporating charts along with various order types.

Rewards Program

Get awarded in cryptocurrency for using our platform on a daily basis. Save on fees while enjoying the daily crypto spending.

CoinZoom Cash

Use cash to load funds directly into your account at selected stores. Loading funds this way helps you save on the excessive charges incurred by Bitcoin ATMs.

Security and Compliance

CoinZoom is registered in the US as a money services business which means that they fully comply with regulation, also, they are SOC 2 accredited.

Mobile App

Serving your CoinZoom account on the go is now simple, thanks to the convenience of trading as well as other features offered through the app.

CoinZoom Tokens 

CoinZoom’s native digital asset, the ZOOM token, is built on the Ethereum blockchain and follows the ERC-20 token standard. ZOOM offers various benefits for holders that support the platform and its growth, such as:

• Trade fee discounts of up to 50%
• Staking rewards
• Access to ZoomMe Global
• Future airdrop eligibility
• VIP bonuses for Visa Card holders
• Up to a 5% bonus for all CoinZoom Visa Card purchases

Here’s a table showing the supported countries and banned countries for CoinZoom :

✔ Supported Countries	✘ Banned Countries
United States	Afghanistan
Canada	Iran
United Kingdom	North Korea
European Union (most countries)	Sudan
Australia	Syria
Brazil	Yemen
Japan	Cuba
Mexico	Crimea (due to sanctions)
New Zealand

CoinZoom PROS & CONS

✔ Pros	✘ Cons
Multiple deposit options: Wire transfer, debit card, and crypto deposits	Higher fees: Taker and maker fees are above the industry average
User-friendly interface: Easy for beginners to navigate	Limited cryptocurrency selection: Fewer coins than some other exchanges
Fiat currency support: Allows seamless entry for new users	Withdrawal fees: Slightly higher than the industry average
Crypto debit card: Spend your crypto easily for everyday purchases	No staking options: Lacks staking features for some cryptocurrencies
24/7 customer support: Available via email, phone, and live chat	Geographic restrictions: Not available in all countries
High security: Multi-factor authentication and cold storage	Limited advanced trading features: Less suitable for seasoned traders

Is CoinZoom Secure?

Yes, CoinZoom is considered secure. To protect against hacking, the platform uses multi-factor authentication (MFA), advanced encryption protocols, and the user’s funds are placed in cold storage.

Furthermore, CoinZoom eliminates biometric logins and enables users to create withdrawal whitelists which improves overall account security. Moreover, the exchange routinely revises their security measures to keep up with new possible threats. This improves exchange security making it a safer option for novice and expert crypto traders alike.

Mobile App

The CoinZoom mobile app is incredibly easy to use. Available for both iOS and Android, users can trade on-the-go at any time as they would with the desktop version.

As of now, the app is available on the Google Play Store but it has not gained much traction, with only 1,500 downloads. Users on the platform have rated the app an average of 3.7 stars, which is a clear indication of mixed reviews.

CoinZoom Customer Support

CoinZoom provides strong 24/7 customer support via email, phone, or live chat. Customers can voice their concerns, and the support team will do their best to address them in an effective and timely manner.

This includes basic queries like account details as well as more complicated issues like transactions and technical support.

Customers that require further assistance are provided guidelines alongside the comprehensive help center that has detailed FAQs. This allows clients to resolve basic problems with ease and get help for the more sophisticated ones.

Conclusion

In summary, CoinZoom offers a friendly platform with several great features for novice and advanced traders alike. Its extensive list of deposit methods, excellent security, and customer service provides assurance to those trying to venture into cryptocurrencies.

Although it has slightly higher fees, the provided benefits such as fiat currency support and a crypto debit card make the platform very useful. CoinZoom is certainly a good exchange for users looking for safe and easy trading experience.