CoinZoom Exchange Review: Features & Pros & Cons For 2024

I Want to discuss CoinZoom, a cryptocurrency exchange that has gained fame due to its comprehensive trading features and user-friendly interface.

The exchange offers a range of digital assets with tools like the CoinZoom Visa card and ZoomMe remittance service, which makes it an ideal platform for both beginners and experienced traders.

What is CoinZoom?

It was founded in 2018, but CoinZoom started its online trading services in March 2020, where customers can convert digital assets into other cryptocurrencies.

The team that operates the platform consists of professionals. Among the advantages of CoinZoom are the CoinZoom Visa card, real-time trade analysis, and advanced strategies based on a unique algorithm.

Investors also have access to ZoomMe remittance service for peer-to-peer transactions. CoinZoom has Todd Crossland as its CEO who used to be at Interbank FX.

Being a “money services business” registered with the Financial Crimes Enforcement Network means that CoinZoom is fully compliant with regulations and ensures a safe investment environment for clients.

CoinZoom Profile

How to Sign Up on CoinZoom Exchange?

Signing up for the CoinZoom exchange is a simple process. Use the following step-by-step guide to create your account:

Go to the CoinZoom Website: Reach out to the official CoinZoom website or download and install the application from the Google Play Store or Apple App Store.

Click on “Sign Up”: Find and click on the “Sign Up” button located on the homepage or app.

Provide Your Personal Information: Fill out your email address, password, and other relevant details.

Verify Your Email: Check your inbox for a verification message from CoinZoom, and then follow its instructions to verify your email.

Complete KYC Verification: You need to supply some documents, such as a government-issued ID, selfie, etc., in order to complete the Know Your Customer (KYC) process of authentication.

Set Up Security Features: To enhance security, activate two-factor authentication (2FA).

Fund Your Account: Deposit money into your account. After it has been verified, you can start trading with it.

This implies that you can now use your CoinZoom account for whatever you intend, such as trading purposes and the management of crypto assets.

Is CoinZoom Regulated?

CoinZoom has all the necessary licenses, is a fully regulated exchange with an e-money license, and is registered as a Money Services Business by FinCEN (Financial Crimes Enforcement Network) in the US.

This allows CoinZoom to offer its services in all fifty states of America. CoinZoom operates as a digital currency exchange under Australian law.

Due to this, it is possible for over 190 countries worldwide to access services provided by CoinZoom.

CoinZoom Exchange Fees

For various operations, CoinZoom levies different charges on funds from customers. It starts with trading fees that are made through a maker-taker model.

Usually, the maker is charged 20%, whereas the taker gets a 26% discount on their fee. These charges continue until users earn ZOOM rewards.

The second charge is associated with deposits, and it is only applicable to those who use their credit or debit cards to fund their accounts at a rate of 2.99%. Yet, wire transfers or cryptocurrency deposits are not subjected to any fees.

Also, CoinZoom applies different withdrawal charges depending on the asset involved. For instance, $25 is charged for a wire transfer, but ACH transfers of crypto-assets do not have any fee attached to them.

How Many Types of Trading Options Available

CoinZoom has a list of services and products for lovers of cryptocurrencies and traders. Below are some highlights:

Cryptocurrency Trading

Buy, sell, and trade popular cryptocurrencies like Bitcoin, Ether, and Litecoin with CoinZoom. The transactions have competitive fees.

CoinZoom Visa Debit Card

Convert your crypto holdings into cash on the go with the CoinZoom Crypto Visa Debit card that works at more than 53 million merchants globally. It facilitates ease in spending on digital assets.

ZoomMe:

You can send money or crypto to friends and family abroad without any charges using this fantastic feature. It makes sending funds very smooth.

CoinZoom Cash

Load retail stores up to $999 worth of Bitcoin or other leading coins in your CoinZoom account instantly without incurring costly network fees.

CoinZoom Exchange Token (ZOOM)

The CoinZoom platform has developed its utility coin, ZOOM, as an ERC-20 token on Ethereum blockchain technology.

Holding such a coin in one’s account allows users to receive trading fee reductions and additional interest earnings in the Earn service.

CoinZoom Exchange Features

A Wide Range of Cryptocurrencies

CoinZoom offers a variety of digital assets for trading, making it possible to trade different cryptocurrencies.

CoinZoom Visa Card

It helps users withdraw their cryptocurrencies directly from their CoinZoom accounts and convert them into fiat currencies at the point of sale.

ZoomMe Remittance Service

This effective peer-to-peer remittance service permits instant and free money transfers to other CoinZoom users globally.

Advanced Trading Tools

With a dedicated algorithm, CoinZoom gives its traders real-time market analysis and trading strategies, which help decision-making processes.

Staking Rewards

Some selected cryptocurrencies can be staked on the platform for rewards within the system.

ZOOM Token Benefits

Various benefits, such as reduced transaction fees during trade and better incentives, are offered if one holds or uses ZOOM tokens.

Regulatory Compliance

To ensure that customers trade in a safe and legally compliant environment, Coinzoom has obtained all licenses required.

CoinZoom App

Also called CoinZoom P, it is a mobile application of CoinZoom that allows a person to use the desktop site features, buy cryptocurrency, and invest their money in it.

The mobile app also ensures that users can take advantage of Coinzoom visa cards and keep Zoom tokens on hand wherever they are without needing to be near a computer.

It can be found on both Android and the Apple app store.

Is CoinZoom legit?

CoinZoom is genuinely a reliable platform. It has full licensing and abides by regulations, e.g., registration as an MSB with the FinCEN.

CoinZoom employs high-end security procedures like 2-factor authentication and cold storage for funds to safeguard user funds.

Furthermore, it is run by a group of experts in the field, which adds more trust to its operation, making it one of the most secure and dependable cryptocurrency exchanges.

CoinZoom Customer Support

The level of support it offers is about the same as that of its competitors. However, CoinZoom can provide limited customer service. The team will help users through various emails and online chatting platforms.

When people decide to trade with cryptocurrency for the first time, they need someone to turn to for help and advice when things go wrong. Different exchanges have different levels of support quality, but CoinZoom tries to maintain its clients’ services at an acceptable level according to industry norms.

Customer feedback greatly influences the directions taken by support departments within organizations that facilitate crypto trading.

In this way, they intend to give helpful information on meaningfully interacting with digital assets when navigating relevant trading processes.

Security

CoinZoom, on the other hand, stresses security and has to abide by stringent financial regulations in the United States.

Its platform takes a multi-layered approach to ensure maximum protection of user assets, such as digital asset insurance and two-factor authentication in an exchange environment.

Trust is not just a characteristic or feature but rather the basis of digital currency transactions’ safety.

CoinZoom enhances this trust by employing high-tech defences and rigid operational checks that comprise its multilayered security strategy.

For user asset security, these include double guarantees – two-factor authentication alongside digital asset insurance.

This helps give greater peace of mind to customers while maintaining sensitive financial transactions on the platform.

CoinZoom Alternative Exchanges

If you are thinking of alternatives to CoinZoom, here are a few new ones you might like to consider:

Kraken

This has robust security systems and can accommodate many cryptocurrencies with advanced trading tools and an easy-to-use interface.

Gemini

A licensed exchange targeting compliance and safety provisions, Gemini offers a safe trade facility and features such as recurring buys and crypto savings accounts.

KuCoin

This platform offers a wide range of coins and currency pairs, with groundbreaking functionalities like futures trading and staking opportunities.

Gate.io

It has a long list of digital assets and trading choices; in addition, it is equipped with user-friendly features like margin trading, among others.

Bitstamp

It is the oldest exchange that gives its users reliability and regulatory compliance while offering a robust trading platform for cryptocurrencies.

Conclusion

In conclusion, CoinZoom is an impressive cryptocurrency exchange with several features that target different traders.

It has a wide range of digital assets for trade, supported by advanced trading tools and the unique CoinZoom Visa card.

Additionally, it offers ZoomMe remittance service and staking rewards for more convenience and value.

While maintaining its security measures and regulatory obligations, CoinZoom sets itself out as a dependable place for those new to the game or who have been there for long enough.