Zoomex Review

Zoomex Review

Robert McDougall 

July 24, 2022

Cryptocurrency

What is Zoomex?

Zoomex is a cryptocurrency exchange that believes in the prosperity of the blockchain industry and the impact it would create on the current design and structure of finances and assets. That is why Zoomex has worked on equipping their platform with high-tech blockchain technology. They also claim to be constantly working on providing their users a safe, friendly, and professional environment to trade and invest in.

Zoomex was established in 2021 and is currently based in Singapore. Thanks to their innovative site structure, users can choose between decentralized exchange and centralized exchange based on their requirements. Both of the versions come with their own features and options that benefit users.

Zoomex has made it easier to purchase cryptocurrencies with fiat assets through the payment channels available on the platform. There are also hundreds of crypto assets that you can trade on the platform, along with the option to go with inverse perpetual and USDT perpetual. To get started, you can sign up on the platform with your email address or phone number and access all of their features by verifying your identity. Zoomex is available worldwide except for a few countries, including the US, China, Singapore, and Cuba.

  • Web Address: www.zoomex.com
  • Main Location: Singapore
  • Cryptocurrencies: BTC, ETH, XRP, LTC, SOL, SAND, and 100+ more
  • Fiat Currencies: CAD, USD, EUR, KRW, and a few 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: The standard USDT and inverse perpetual trading fee is 0.02% for makers and 0.06% for takers

My Overall Thoughts on Zoomex

Zoomex has always talked about how they have used latest-gen tech from the very start. They have proven their point with the features and integrations in their exchange. For starters, the option to choose between DEX and CEX versions of their platform is just phenomenal. Now you can go with either version of the platform based on your preferences, experience, and privacy level. You can trade USDT perpetual contracts as well as inverse perpetual contracts. You can also leverage your trades and earn significantly more through your evaluations.

If you simply want to purchase crypto assets, Zoomex has partnered with different third-party payment merchants. You can participate in their events and get the chance to win enormous cash prizes. In my opinion, the best aspects of Zoomex are:

1) Variety of cryptocurrencies and markets: Zoomex has a wide variety of cryptocurrencies that include more than 100 crypto assets that you can trade on the platform. These include almost all of the popular names like BTC, ETH, SOL, and XRP that you can access right away. You can also explore different trading markets such as inverse perpetual contracts and USDT perpetual contracts. You can go with any of them and start your trading journey.

2) Advanced trading interface with tools: The Zoomex trading interface is integrated with a lot of tools, features, and options that can help you enhance your trading experience. You get access to a lot of indicators, chart styles, drawing tools, depth charts, time zones, and much more.

3) The choice between CEX and DEX variationsUsers are provided with two different platform types to start their journey. You can either go with the CEX version, which can be considered as a centralized exchange solely operated by Zoomex, or the DEX version, which is a decentralized exchange, offering users privacy and an unrestricted environment to trade in.

Zoomex just needs to improve their customer support service as they do not offer live chat support or phone support. The platform will also have to work on their compliance with the laws of countries like the USA and China to allow potential traders from such countries to access their services.

Key Features and Advantages of Zoomex

Zoomex has literally transformed the concept of versatility, security, and privacy by bringing two different versions of their exchange in one place. You can start investing your money or digital assets on the platform using their decentralized or centralized version. Zoomex provides traders with a professional and advanced trading interface whether you go with the DEX or CEX version. In case you want to purchase cryptocurrencies to trade or simply hold, you can opt for different payment channels available in their buying section.

Zoomex also organizes many events where users can participate in and earn a great deal of money. The premium privacy and security features work as a cherry on top of all the services that Zoomex offers. Check out the complete list of Zoomex services:

Negatives and Disadvantages of Zoomex

Zoomex has a few disadvantages which might affect a specific community or all the users on the platform:

What Services Does Zoomex Offer?

Zoomex has a variety of crypto features and options to provide users with enhanced and competitive trading and investing experience. Users can choose between the DEX and CEX version of the platform to start trading. You can simply connect your crypto wallet to the exchange to start trading or sign up on the platform to get access to a variety of options. You can also make direct crypto purchases and use them for trading or holding purposes. With hundreds of cryptocurrencies available on the platform, you can diversify your portfolio based on your preferences.

You can also earn a great deal of money by participating in their events or using their affiliate or referral program. Below are the Zoomex services and how they work:

Buy crypto with a variety of fiat currencies: You can buy two different cryptocurrencies on Zoomex with your fiat currencies and easily pay for the crypto assets however you want. Users can choose from among different payment methods like PayPal, bank transfers, credit/debit cards, or e-wallets to pay for the cryptocurrencies.

Now you can own cryptocurrencies using the payment method that is suitable for you. Fiat transactions at Zoomex usually take a minute, depending on the payment mode you have chosen. The whole process goes smoothly.

The cryptocurrencies that you can currently buy directly on Zoomex are BTC and USDT. In case you want to have other crypto assets, you will have to trade by choosing the right pair for a successful asset swap.

100+ crypto assets are available: Zoomex offers a wide range of cryptocurrencies that users can trade on the platform. More than 100 crypto assets can be paired with different cryptocurrencies, providing users with a diverse range of tradable pairs.

With the variety being offered by Zoomex, you have a wide range of trading choices. You can also easily diversify your portfolio and start investing your money in different assets. This can help you lower the overall risk of losing money by dividing your investments into multiple assets.

Zoomex offers many popular and new crypto projects that you can trade on the platform. These include BTC, ETH, SOL, GMT, SAND, MATIC, APE, ARP, ATOM, and many more that you can access right away.

Trade inverse and USDT perpetual contracts: Traders can trade perpetual inverse contracts and USDT perpetual contracts on Zoomex. Of course, USDT perpetual contracts are more popular and come with better diversity than inverse contracts due to their nature and collateral. Just to be clear, inverse perpetual contracts use the asset itself as the collateral, whereas the USDT perpetual contracts use USDT as the collateral.

With Zoomex, you can easily trade both types with all the advanced tools and interfaces. Zoomex supports only the popular cryptocurrencies when it comes to inverse perpetual, whereas USDT perpetual comes with a massive variety. You can go with any of them and start trading.

You won’t have to worry about restricting yourself to a certain market when trading with Zoomex. You can explore countless opportunities and pairs on the platform and benefit from them just as you want.

Advanced mobile applications are designed: Zoomex has professionally-designed mobile applications. Users can download the apps for free on Android and IOS devices. You can also scan the QR code to install the trading app on your device instantly.

Zoomex mobile applications come with all the features, functions, and tools that are available in their desktop version. You can make fiat purchases through their apps to buy cryptocurrencies. Zoomex offers a full-fledged trading interface optimized for mobile devices to let you trade. You can check charts, use leverage, and explore other options with ease.

Now you can always keep yourself connected to your crypto portfolio, no matter where you are. You won’t even have to worry about carrying a laptop just to execute the trade at crucial times.

Trade professionally with countless features: Trading interface is one of the many features that Zoomex has not compromised on. Zoomex offers traders a relatively professional and advanced trading interface where they can trade and use all of the options available.

Zoomex provides fast and accurate charts for each of the pairs available on the platform. You can get precise information on prices and market movements and execute your trades. The platform also provides a lot of customizable features to enhance your trading experience even more. For instance, you can use crosses, trend lines, pitchfork, draw, use text, and so much more. You can also access the depth charts of the assets and determine the market psychology. Zoomex provides a separate section for the order book and trade execution where you can specify the settings and then place the orders.

You can have a full-fledged trading experience at Zoomex without any compromise and with a wide range of features at your disposal. Unlike other platforms, Zoomex enables you to trade the way you want and have an experience suitable for your preferences.

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 ruin your trading experience. You can simply connect your crypto wallet like Metamask to the exchange and start trading right away without providing any details. On the other hand, the centralized exchange comes with a beginner-friendly layout managed by Zoomex authorities. 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.

Now you can choose between a version with more security, professionalism, freehand, and no interference, and the version that is more suitable for beginners, amateurs, or casual users.

Participate in events and earn: Zoomex organizes different events where users can participate in and earn cash rewards in case they win or achieve an awardable position. Currently, a WSOT event has been going on at Zoomex that offers a pool prize of $6.5 million.

All you have to do is trade on the platform to participate in the contest on your own or with your troops. Members with the highest profit ratio win the reward at the end of the contest period. You might have to first register for the contest in order to win the cash prize.

These types of cash pools can motivate you to trade and earn even more, providing extra income that could set you up for life.

Great affiliate and referral program for users: Zoomex has industry-best affiliate and referral programs which users can check out to start earning. You can either go with their referral program or choose their partner program if you can bring a considerable community to the platform.

With their referral program, you can earn 10 USDT for every person you bring on the platform. You can also earn up to 1000 USDT trading rewards by simply participating in and bringing more users to Zoomex. As for their affiliate program, the platform offers a 40% instant rebate for every single trader you refer to the platform. But first, you will have to get your partner account approved in order to access your shareable link.

You can easily create a beneficial income stream through both of these programs available on the platform. You can earn as much as you want by bringing in as many people as you can. 

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 provide your email or phone number along with the password to get full access to their features.

The platform has also divided all of its sections to let users access only what they came for. For buying cryptocurrencies, access their buy crypto section. For trading, check out their markets and trade sections. You can also access their partner programs and events.

You don’t need prior experience to explore the Zoomex features until or unless you want to trade professionally. Every feature besides trading can be easily understood on the platform without watching hour-long tutorials.

Detailed guiding content to learn and understand: Zoomex has provided a solution to help users learn more about cryptocurrency and understand the crucial concepts of trading, web 3.0, and investing.

A separate section is focused on providing users with essential content for learning and understanding. User guides, FAQs, and announcements are available to help you keep up with the exchange. Simply choose the topic you want to learn about and detailed guides will be provided for you to learn.

So even if you are new to the crypto industry, Zoomex can help you get started on the platform. You can start learning without having prior experience and improve your skills through the provided content.

Things I Don't Like About Zoomex

Zoomex might be a perfect trading platform for many traders and investors. However, the platform has some crucial negative aspects that you should know before joining the platform:

US and Chinese users are not allowed: US and China are unquestionably the biggest districts with a huge crypto community interested not only in simple trading, but also the advanced technology and features available in a platform. Unfortunately, Zoomex is not available in these jurisdictions along with some other countries, due to their strict laws and regulations Zoomex can’t comply with. 

So if you are from the US, China, or any other country in the restricted list, you will have to find a similar alternative that could offer you all the features Zoomex offers. Or else, you will have to compromise on your experience and go with the old-school trading platforms.

No live chat or phone support: Zoomex does not have live chat or phone support for their users to sort out their issues instantly. If you encounter any problem in the platform, you’ll have to visit their help center, check out the FAQs, or submit a support ticket to find a solution. The entire process can take a few hours but may extend to a few days in some cases, which can be very frustrating for many traders and investors. 

The platform should provide their users with efficient modes of communication. Otherwise, negative user experience can ruin the reputation they have built over the years.

Zoomex Fees

Zoomex Deposit Fees

Zoomex does not charge their users for depositing cryptocurrencies on the platform. But if you are planning to buy crypto assets on Zoomex with the third-party payment merchants, you will have to pay a transaction fee every time you make a purchase.

Zoomex Trading Fees

Zoomex charges a standard trading fee for USDT contracts which is fixed at 0.02% for makers and 0.06% for takers. The chart below shows the inverse perpetual trading fees:

Zoomex Fiat Withdrawal Fee

Fiat withdrawals are not supported by Zoomex.

Zoomex Crypto Withdrawal Fee

Crypto withdrawal fee at Zoomex varies depending on the asset you are planning to withdraw. For BTC, there is a fixed fee of 0.0005 BTC. For ETH, you pay 0.005 ETH. The fee varies the same way for other withdrawable assets, which you can check out at the time of withdrawal. Make sure to keep the minimum withdrawal amount in mind, too, when withdrawing your assets from the platform.

Pros and Cons of Zoomex

Pros
  • Buy cryptocurrencies with fiat assets
  • Trade inverse and USDT perpetual contracts
  • Professional trading interface
  • Participate in events and win prizes
  • Great affiliate and referral program
Cons
  • US and Chinese users are not supported
  • Slow and inefficient customer support service

The Verdict

If you are a trader who wants a crypto exchange with diverse assets, markets, and trading tools, Zoomex can work out really well for you. Zoomex is a constantly-improving, relatively new industry player that has managed to dethrone many crypto exchanges with its features and options. Along with the inverse perpetual contracts, you also get access to 100+ cryptocurrencies that you can trade on the platform. To offer you a professional and advanced experience, Zoomex has also designed their interface in a way that is not only fast and accurate but offers you all the latest features, functions, and tools in one place.

You can also purchase cryptocurrencies at Zoomex with the help of third-party merchants. With events and bonuses, you can earn a considerable amount on the platform too. The best thing is that Zoomex is a very beginner-friendly exchange allowing everyone to explore their services. Get started right away by connecting your crypto wallet or by signing up with your email or phone number.

Zoomex is not available for US residents, so if you are from the US, you can read our article on the best crypto exchanges in the USA. There is also a quick comparison table below to help you with your decision.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
MEXC Global
Pionex
Coinmama
Uphold
Crypto Exchange
Crypto Exchange
eToro
MEXC Global
Pionex
Coinmama
Uphold
Fiat Currencies
Fiat Currencies
USD
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, GBP, EUR, CHF, AUD, JPY & 21 more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.2% for spot, 0.02%/0.06% for futures
0.05%
2.93% - 3.90% (depending on loyalty level)
Fees included in the spread

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

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 aims to provide a professional and technology-oriented experience to users.

Can US users register on Zoomex?

Zoomex does not allow users from the US due to the country’s laws and regulations. Zoomex also restricts users from China and some other jurisdictions for the same reason.

 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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