Zoomex Review

Zoomex Review

Robert McDougall 

March 25, 2024

Cryptocurrency

What is Zoomex?

Zoomex is a relatively new crypto exchange established in 2021, and is currently based in Singapore. It uses an innovative structure, where users can choose between using a decentralized exchange and centralized exchange based on their preference. Both versions of the platform have unique features and options to benefit users.

Zoomex has made it easy to purchase cryptocurrencies with fiat assets using the payment channels available on the platform. With access to over 250 crypto assets, users can trade both spot and derivatives products, including inverse perpetual and USDT perpetual contracts. The exchange is available worldwide, and is particularly widely used in Korea, Japan, Europe, and South Asia. Zoomex proudly serves as the seasonal sponsor of Villarreal CF and is honored to collaborate with F2 Ferrari driver Oliver Bearman, adding an extra layer of excitement to their diverse partnerships.

  • Web Address: www.zoomex.com
  • Main Location: Singapore
  • Cryptocurrencies: BTC, ETH, XRP, LTC, SOL, SAND, and 250+ more
  • Fiat Currencies: CAD, USD, EUR, KRW, and more
  • Mobile App: For Android and iOS devices
  • Payment Methods: PayPal, Bank transfers, Google Pay, E-wallets, Cryptocurrency
  • Deposit Fees: Crypto: free, Fiat: third-party merchants charge fee for purchasing crypto
  • Withdrawal Fees: Depends on the crypto asset
  • Trading Fees: 0.02/0.06% (maker/taker)

Our Overall Thoughts on Zoomex

Zoomex is a newer crypto exchange, but this does not mean inexperience and a lack of legitimacy. In fact, Zoomex is highly innovative, with a platform that supports centralized and decentralized trading, and it holds US MSB License and Canada MSB License, regulated by FinCEN and Financial Transactions and Reports Analysis Centre of Canada respectively. 

Here are our three top reasons why we like using Zoomex:

1) Campaign famous exchange: Zoomex offers a variety of customized campaigns for their users. For example, if you register now, you will find active days and trade tasks in the Rewards Hub, where you can claim over 150 USDT in bonuses and coupons and fee discounts. This allows you to try Zoomex with the lowest fee.

2) Perfectly suited for advanced users: Zoomex's trading interface is integrated with a variety of tools, features, and options that can enhance your trading experience. You can access a range of indicators, chart styles, drawing tools, depth charts, time zones, and much more. Zoomex also boasts high liquidity so you can trade frequently without worrying about slippage. We also found the 24/7 customer support extremely useful, and they offer different languages to cater for their large global user base.

3) The choice between CEX and DEX variationsZoomex is a unique crypto exchange in that users can choose between a centralized (CEX) or decentralized (DEX) version of the platform. The CEX site is a regular crypto exchange operated by Zoomex, while the DEX site gives users unparalleled privacy by linking an external wallet, while still giving access to high liquidity. Switching between the two is as easy as clicking a toggle button on the site. 

One disadvantage of Zoomex is that it is currently not supported in some countries, for example the US and China. Hopefully in the future they can offer their services to those residents, and enhance their crypto trading experience.

Key Features and Advantages of Zoomex

Zoomex has transformed the concept of versatility, security, and privacy in crypto exchanges by combining two versions of their platform in one place. Zoomex provides traders with a professional and advanced trading interface whether you choose the DEX or CEX version. Let's have a look at all that this exchange offers their users:

Negatives and Disadvantages of Zoomex

Here is a disadvantage of Zoomex which you may need to consider before registering:

What Services Does Zoomex Offer?

Buy crypto with a variety of fiat currencies: You can buy BTC and USDT on Zoomex using fiat currencies, with a range of payment methods like PayPal, bank transfer, credit/debit cards, and e-wallets. Fiat transactions are quick, and usually only take a minute.

We found the fiat gateway very useful when we tested out the exchange, because it means you can immediately get your hands on USDT or BTC and begin trading. For those who don't already own cryptocurrency, this is the simplest way to acquire some to start your trading journey.

250+ crypto assets are available: Zoomex offers more than 250 cryptocurrencies for users to trade, with a diverse range of trading pairs. With so many options, you will find plenty of opportunities for profitable trades. Some of the popular coins available are BTC, ETH, SOL, GMT, SAND, MATIC, APE, ARP, and ATOM.

Gamified trading experience: Zoomex's unique offering extends beyond conventional trading with a diverse range of captivating games. Immerse yourself in the thrill of 'To The Moon,' an invigorating multiplayer crash game, where cryptocurrency collides with unpredictable 5,000x trajectories, offering the chance to win up to $25 million in a single round.

Embark on the adventure of the 1 USDT Treasure Hunt, featuring three treasure zones with enticing prize pools. From winning 10 USDT within 3 hours to the grand prize of 0.1 BTC awarded every eight days awaits. Zoomex introduces a whole new dimension to trading, allowing users to enjoy games and excitement while navigating the markets. For more details, explore Zoomex's website and discover the unique blend of trading and entertainment!

Trade spot and derivatives (inverse and USDT perpetual): Zoomex users can engage in spot trading as well as derivatives trading, including inverse perpetual contracts and USDT perpetual contracts.

Spot trading allows users to buy or sell cryptocurrencies for immediate delivery, without any expiration date or settlement period. Currently, we're running the Grand Launch Campaign for Spot Trading, offering users a 100% cashback on their spot trading fees. Don't miss out on this opportunity to maximize your earnings!

Inverse perpetual contracts utilize the coin itself as collateral and are limited to the most popular cryptocurrencies. On the other hand, USDT perpetual contracts utilize Tether (USDT) as collateral, offering a wider selection of cryptocurrencies for trading.

Advanced mobile apps available: Zoomex has professionally-designed mobile apps which are available for free on Android and iOS devices. The app has all the features, functions and tools that are found on the desktop site. You can access the fiat gateway to buy USDT or BTC, and then trade using the optimized interface for mobiles.

We made some USDT perpetual trades on the Zoomex app and it was just as easy as doing it on our desktop computer. The charts, technical analysis tools, and order book are all readily available.

Trade professionally with countless features: The trading interface of Zoomex is designed for professional and advanced trading. Each trading pair has fast and accurate charts so you will always have access to precise prices and market movements before executing your trades.

The platform provides a lot of customizable features to enhance your trading experience further. For instance, you can draw, enter text, use crosses, trend lines, pitchfork, and more. You can also access the depth charts of the assets to gauge the market psychology. Zoomex provides a separate section for the order book and trade execution where you can specify the settings and place your orders.

Copy Trading so you can profit from the experience of others: Copy Trading is a feature found on many popular crypto trading platforms. This allows you to follow someone who is a proven successful trader (based on their profit and win rate) and automatically make the exact same trades as them. This means that you will make the same gains as them, and you are profiting from their knowledge and experience in the industry.

When we tested out the copy trading feature over a few weeks, we found that we made a decent profit, and all without having to do any research on the state of the market, or spending any time on technical analysis.

Choose between DEX and CEX exchange: Zoomex offers users a choice between their decentralized and centralized version of the exchange.

The decentralized version comes with premium security and no interference from any third party to hinder your trading experience. You can simply connect your crypto wallet (eg: Metamask) to the exchange and start trading right away without providing any ID. On the other hand, the centralized exchange comes with a beginner-friendly layout managed by Zoomex. You have to sign up on the platform with your personal details to have access to all the features that are available on the centralized version of the platform.

It's up to your personal preferences whether you choose the DEX version with no KYC and more privacy, or the CEX version that is more suitable for beginners, or casual traders.

Live Chat support: Zoomex offers live chat support for anyone that has any issues with the platform. The chat feature is in the bottom right of the site, and when you first open it you will be greeted with a bot. If the bot is unable to direct you to the necessary information, you will be placed in the queue for the live chat agents.

When we tested out the feature, there was only one person in queue before us, and it took less than 30 seconds to begin our conversation with the customer support agent.

Great affiliate and referral program for users: Zoomex rewards you for bringing more users to their platform. The basic referral program is for the casual crypto trader who invites friends to sign up to Zoomex. This offer changes, but at the time of writing, you earn 5 USDT coupon for signing up one person, and the rewards are higher the more you refer. For example, if you sign up 10 friends, you receive a 100 USDT coupon. 

If you are an influencer or YouTuber, you can sign up for the affiliate program instead. You receive 40% commission of the fees paid by all of the users that you refer to Zoomex. This can equate to a few thousand dollars per month if you attract some large-volume day traders.

Besides making money from trading, you can create a secondary passive income stream through the affiliate program, which is definitely a nice boost to your bank account.

Rewards Hub where you can access bonus crypto: In the realm of trading, unlock their exclusive 30% commission discount – setting the industry standard as the lowest rate available. Take advantage of this offer and seize a $5 USDT bonus upon trading a minimum of $10,000. For those high-volume traders, unlock substantial bonuses of $25 and $50 USDT when your trades exceed $100,000 and $500,000 respectively. Additionally, maintain active trading for a total of 10 days to claim a coveted $10 coupon. Find all these tasks conveniently listed in your Rewards Hub.

Beginner-friendly platform: Zoomex is a beginner-friendly platform that comes with an easy-to-understand layout and interface that any amateur can easily understand. To get started, all you have to do is register using your email or phone number, and create a password to get full access to their features.

The platform has divided all of its sections in the menu so users can quickly access what they are looking for. Buy crypto, trade, copy trading, and more are all within easy reach. We found it easy to navigate the platform, with no complications at all.

Zoomex offers beginner-friendly competitions like the Frequent Trading Competition and the Annual Trading Competition ZWTC, featuring enticing rewards such as bonuses, coupons, and even signed football jerseys. Currently, Zoomex is also hosting the exciting ZOOMEX Influencer 101, providing users with opportunities beyond trading. Here, participants can showcase their influence and compete with global KOLs for exclusive benefits and marketing support. With a total prize pool of $400,000 and opportunities to grow alongside Zoomex, seize this chance to shine in the world's first crypto "PRODUCE 101" experience. Don't miss out on making history and elevating your crypto influence to new heights!

Useful Help Center: Zoomex has provided a Help Center to help users learn more about cryptocurrency and understand concepts of trading, web 3.0, and investing.

There are various sections available, providing users with essential content for learning and understanding. Simply choose the topic you want to learn about and detailed guides will be provided for you.

Even if you are new to the crypto industry, Zoomex can help you get started on their platform. You can begin your crypto journey without having prior experience, and develop your skills through the content provided in the Help Center.

What We Don't Like About Zoomex

Zoomex is a great trading platform for many users, but there is a downside that you may want to consider before registering:

Some negative reviews online: While we have had a great experience using Zoomex, there are some disgruntled users online who claim that they do not trust Zoomex, particularly due to the fact that they do not answer their live chat. However, this was not the case for us, we were able to reach live chat in under 30 seconds, and you can see my screenshot of my chat with them here. We would recommend you conduct your own research and test out the site for yourself to make up your own mind.

Zoomex Fees

Zoomex Deposit Fees

Zoomex does not charge any fees for depositing cryptocurrencies on the platform. If you plan to buy BTC or USDT using fiat, you will have to pay a transaction fee that varies depending on the third-party merchant you use.

Zoomex Trading Fees

For spot trading, the fees are 0.1% for makers and takers.

Zoomex charges the same fee for USDT contracts and inverse perpetual contracts. Makers are charged 0.02% and takers are charged 0.06%.

While the trading fees on Zoomex are higher than some other crypto exchanges, we found that each Saturday, all Zoomex users are given a 50% trading fee discount! 

Additionally, Zoomex runs a lot of campaigns, where you win bonuses and coupons for participating. These can be used to compensate for the trading fee charged.

Zoomex Fiat Withdrawal Fee

Fiat withdrawals are not supported on Zoomex.

Zoomex Crypto Withdrawal Fee

Crypto withdrawal fees vary depending on the coin you are planning to withdraw. You can check the fee at the time of withdrawal, and as an example, BTC withdrawal fee is 0.0005 BTC, and ETH fee is 0.005 ETH.

Pros and Cons of Zoomex

Pros
  • Buy cryptocurrencies with fiat assets
  • Trade inverse and USDT perpetual contracts
  • Professional trading interface
  • Copy Trading supported
  • Live Chat support available in case you have any issues
Cons
  • Some negative reviews online

The Verdict

Zoomex is an excellent cryptocurrency trading platform for spot and derivatives traders, with access to inverse perpetual contracts as well as USDT perpetual contracts, with more than 250+ coins on offer. It also has the unique ability to offer a centralized and decentralized version of the exchange, which many users find attractive. The low fees and advanced trading tools give a professional experience, offering users the latest features, functions, and tools in one place.

Frequently Asked Questions

Is Zoomex a legit cryptocurrency exchange?

Yes, Zoomex is a legit cryptocurrency exchange that was established in 2021 and is headquartered in Singapore. The platform provides an advanced experience to users.

Is Zoomex available in the US?

Yes, Zoomex holds a US MSB license, and is regulated by FinCEN, therefore US residents can sign up to the exchange.

 What crypto assets can you trade on Zoomex?

Zoomex offers their users a wide range of more than 100 crypto assets to trade. You can also choose between inverse perpetual contracts and USDT perpetual contracts while trading.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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