Zoomex Review 2024 – Fees & Perks Revealed

If you are looking for a KYC-free exchange to trade a wide range of crypto assets at competitive fees while enjoying various rewards and bonuses, then this Zoomex review is just for you!

Zoomex Exchange – Pros & Cons

In the world of crypto exchanges, Zoomex stands out with its regulated yet KYC-free platform. This setup allows traders to invest in a wide range of altcoins with solid Zoomex exchange liquidity and high leverage, enabling them to take advantage of varied and lucrative market narratives. Moreover, Zoomex offers the convenience of copy trading, enabling users to replicate the strategies of skilled traders with just a click or through a customizable option.

Beyond its user-friendliness, Zoomex distinguishes itself with enticing rewards, including airdrops, giveaways, competitions, and games, making trading on it both a lucrative and worthwhile experience. While simplicity makes it a great choice for beginners, Zoomex could benefit by working on adding features like staking, direct fiat onboarding, and trading bots to enhance the trading experience further.

Our Methodology for Reviewing Zoomex

When reviewing crypto exchanges, we maintain the highest standards of quality by analyzing each platform based on various factors, including compliance, features, costs, user-friendliness, customer support, and security. Our team of experts further takes an unbiased approach to assessing and testing these platforms to offer updated and actionable insights so that our readers can make informed decisions and have the best possible experience.

Zoomex’s Key Features

Now, let’s take a look at the unique Zoomex features that make it worth your time.

Trade Both Spot and Futures Markets

Now, in this Zoomex futures cryptocurrency exchange review, we’ll start with its trading capabilities. On Zoomex, you can trade both spot and futures markets. This dual offering allows you to shield your capital from sudden, significant market movements or dial up the leverage and maximize your profit potential.

Speaking of leverage, Zoomex lets you ramp it up to an impressive 150x—though not for all cryptocurrencies. The leverage varies by asset, which makes sense as trading already highly volatile meme coins or lesser-known coins on such high leverage is a sure-shot way to end up with nothing.

Zoomex also boasts solid liquidity, with daily trading volumes of $1.65 billion and $2.66 billion in the spot and futures markets, respectively. This deep Zoomex liquidity stems from the platform’s seasoned team, whose expertise in market-making (MM) capabilities ensures a smooth and efficient trading experience.

The spread on Zoomex is also pretty tight with the difference between the bid and ask price extremely small. This means you can execute your trades quickly and at desired prices.

Now, if we look at the crypto selection, Zoomex’s newly launched spot market offers significantly fewer cryptocurrencies for trading compared to its futures market. While over 300 perpetual contracts are offered in derivatives, only about 65 crypto assets are available for spot trading.

There’s another feature we would like to point out here. In the derivatives market, Zoomex also offers inverse perpetuals, which, unlike USDT contracts, are traded and settled with the underlying asset. Hence, traders are extremely susceptible to market fluctuations, which boost both profit and losses. This is why Zoomex only offers inverse perpetuals for BTC, ETH, XRP, and EOS, with leverage caps of 100x for BTC and ETH and 50x for EOS and XRP.

Complete Anonymity Guaranteed

If you value your privacy and have been looking for a platform that doesn’t require your full background information, your search ends right here. In the decentralized and permissionless world of crypto, which is full of crypto exchanges insisting on full-fledged Know-Your-Customer (KYC) verification, Zoomex emerges as a breath of fresh air.

With no need for KYC verification, Zoomex ensures user anonymity and maintains the privacy and security of your data. Such a feature provides both new and experienced traders with peace of mind, sparing them from a complex and lengthy verification process.

Identity verification is only necessary if you need to significantly increase your withdrawal limit, which is already high. For the average user not dealing with sums like 100 BTC—equivalent to about $6.5 million—there’s rarely a need for a KYC update.

However, Zoomex’s lack of KYC requirements doesn’t compromise its commitment to regulatory compliance. The exchange maintains strict security measures and adheres to regulatory standards, boasting an impeccable security record with no incidents reported to date.

Copy Trading to Learn, Earn, & Perform Better

As the name suggests, copy trading allows you to mimic the trades of other traders with positive track records. This feature enables you to replicate the success of more skilled traders. It’s not just about making profitable trades; beginners can also use copy trading to learn from the experience of veteran traders.

On Zoomex, you’ll find a vast number of professional traders—hundreds, in fact—to choose from. Selection can be based on different factors, including weekly win rate, profit over the last seven days, and weekly followers’ profit gain.

For each trader available for copying, Zoomex provides a detailed profile of their trading performance. This includes cumulative gain, total gain for followers, number of profits and losses, number of followers, contracts with orders, and more. Graphical representations make it easy to assess how effectively a trader is performing.

Once you’ve chosen a trader whose metrics appeal to you, it takes just a click to start following them and replicate their success to make profitable trades yourself. Besides the one-click follow option, which copies everything from trade direction, trading pair, leverage, stop loss, take profit, and more, you also have the option to customize. With customization, you can set your own parameters, including leverage and margin.

This feature is available without needing KYC and applies to all USDT futures trading pairs. However, leverage is capped at 30x, and the maximum allowable amount is $50,000. The fees are the same as those applied to futures trading.

While we’ve discussed the benefits of the copy trading feature for those looking to emulate successful traders, what about the skilled traders themselves? If you possess trading expertise and want to earn up to 10% of the profits made by someone who follows and copy-trades you, you can apply to become a trader on Zoomex. Simply create a profile, detail your trading strategy, and start trading—and earning—daily.

Rewards & Bonuses Offered

Now, let’s explore Zoomex’s enticing rewards. This crypto exchange provides earning opportunities through two main avenues: its gaming center and conventional promotional campaigns.

In the Gaming section, you have three exciting options. There’s an online multiplayer crypto game called “To The Moon,” which offers thrills and excitement; a “Treasure Hunt” with entry barriers as low as 1 USDT and rewards up to 0.1 BTC; and a “Lucky Draw” with a maximum prize of 1,000 USDT.

Zoomex also runs various promotional campaigns, including welcome bonuses, global trading competitions (ZWTC), and special events tied to major sports events like the Olympics, World Cup, and Euro Cup. While these promotions are similar to those offered by competitors, Zoomex stands out by offering additional exciting giveaways, such as Tesla cars and signed athlete jerseys.

For new users, Zoomex’s Rewards Hub provides a comprehensive view of the tasks they must complete to claim their exclusive rewards. These tasks primarily revolve around achieving a certain trading volume.

Another highlight of Zoomex is its VIP Club. To access benefits such as reduced fees, 24/7 exclusive customer service, exciting monthly bonus rewards, custom gifts, event invitations, and ultra-high wealth management returns, you can become a VIP by surpassing a certain monthly trading volume and providing your social media accounts. Interestingly, if you hold VIP status on other exchanges and can prove it, Zoomex will automatically upgrade your VIP level on its platform.

Zoomex also features a Whale Affiliate Program, which offers affiliates special token allocations, airdrops, networking opportunities, and dedicated support. Additionally, there’s a referral program that allows you to earn up to $300 by inviting friends, though certain conditions apply. So, make sure to read the terms of not just this promotion but all the campaigns carefully before participating.

Which Cryptos Does Zoomex Offer?

Given that it’s a crypto exchange, we must look into the range of crypto assets available for trading on this platform.

Now, in this Zoomex spot crypto exchange review, we will look at its spot market. Zoomex offers a relatively limited selection, with about 65 cryptocurrencies available. This is modest compared to major crypto market providers like Binance, Coinbase, and Bybit, which list hundreds of coins. Despite this, Zoomex’s offerings include majors, meme coins, and DeFi tokens, such as BTC, ETH, SOL, DOGE, PEPE, ARKM, ONDO, ARB, BRETT, BLUR, BNB, CAKE, ENS, MEME, PEOPLE, PLANET, SUSHIS, SHIB, WIF, ZRO, WOO, and WLD. It’s important to note that the spot market at Zoomex is a new feature, so the smaller number of listings is understandable.

In contrast, the futures market on Zoomex is more robust, supporting over 300 perpetual contracts. This allows you to long and short a wide variety of altcoins with leverage. Beyond BTC and ETH, available options include SOL, DOP, ORDI, TON, WLD, NEAR, TRB, XEM, INJ, ONDO, TIA, KAS, LINK, FTM, ADA, MATIC, JUP, JTO, STX, LDO, POLYX, JOE, RENDER, SUI, RADIUM, BLAST, and ETHFI. This diversity enables Zoomex users to capitalize on various market narratives, ensuring they don’t miss out on potential opportunities.

In its futures coin collection, Zoomex stands out for its eclectic mix of meme coin choices. You can not only trade oldies like DOGE and SHIB but also popular newbies like PEPE, POPCAT, WIF, BONK, MOG, MEW, and NOT. The platform also supports a variety of other meme coins, including RATS, BRETT, FLOKI, BANANA, BEER, GME, and many more, providing a broad spectrum in this category.

Zoomex’s expansive futures coin selection holds its own against competitors like Binance, OKX, and KuCoin, but it still pales against Bybit and MEXC, which are more aggressive in listing new coins. Nonetheless, Zoomex is proactive in adding new coins and does an effective job of covering altcoins, especially trending and low-cap meme coins. Truth be told, retail is far more interested in meme coins, so you’ll get plenty of action.

Understanding Zoomex’s Fees

Starting with the basics, Zoomex implements trading fees structured around maker and taker fees. Maker fees are charged when you place limit orders that add liquidity to the market, and taker fees apply when orders are filled instantly, thereby removing liquidity.

For spot market trades, Zoomex charges a flat rate of 0.1% for both maker and taker fees. In the futures market, the fees differ slightly: the maker fee is set at 0.02%, and the taker fee is 0.06% for traders with a monthly trading volume under $5 million.

These rates align with industry standards, similar to what platforms like Binance and OKX charge, though Zoomex fees generally decrease as trading volumes increase.

For Zoomex VIP members, the fees are even more competitive. At VIP level 1, the taker fee is reduced by 40% to 0.036% and 0.033% at VIP level 2. For those trading exceptionally high volumes—greater than $30 million a month—both maker and taker fees are halved to 0.01% and 0.03%, respectively. At the highest tier, VIP level 5, which requires a trading volume of at least $100 million, maker fees are slashed by 90%.

Zoomex’s funding rates are 0.01% on BTC/USDT futures at the time of writing. This rate matches that of Binance, while it is slightly lower than rates offered by other platforms: 0.0036% on OKX, 0.0040% on Bybit, and 0.0112% on BingX, according to data from Coinglass.

Now, let’s look into non-trading fees. As is the norm in the industry, there are no fees applied by Zoomex on deposits. However, the platform uses third-party providers like OnlinePay, Onramper, LegendTrading, Onramp, and TransG for Express. While these third-party providers enable Zoomex to support bank transfer, Wire, ACH, Visa, Mastercard, Google Pay, Apple Pay, Topper, MoonPay, and Alchemy Pay to offer fiat-crypto service, these providers charge hefty fees.

Now, fees to withdraw crypto depend on the network. However, on Zoomex, you’ll find these fees to be higher than on other platforms, which is due to the exchange charging a fixed fee. Zoomex sets its miner fees a bit high to ensure faster withdrawals. And no, you can’t yet fix withdrawal fees as you like, for now. The exchange is actually considering making this option available sometime in the future.

What Puts Zoomex in a League of its Own?

For starters, Zoomex’s native token introduction was strategically timed to bolster the platform’s growth and innovation. Rather than launching it early, Zoomex opted to establish and expand its platform first. This year, users will have the opportunity to discover and trade with the new token, aligning its release with a more mature ecosystem.

Now, here’s how Zoomex compares to other popular options:

What’s the User Experience Like?

When it comes to user experience, Zoomex has received positive feedback for its competitive fee structure, applicable to both trading and non-trading activities. Users also appreciate the high-leverage options available.

However, Zoomex’s generous rewards are what make it a favorite among its users. The platform notably offers a $45,115 USDT reward for new users and consistently runs attractive campaigns and competitions. Despite this, there have been concerns regarding the distribution of these rewards, which Zoomex needs to address. Additionally, users have expressed a desire for features like staking services, NFT support, and automated trading bots. Incorporating these could further enhance the platform’s offerings.

Zoomex Mobile App

Zoomex has made its mobile app available for both Android and Apple devices, which can be downloaded from Google Play and the App Store, respectively. This mobile support enables you to trade from anywhere at any time.

The app features a clean and intuitive interface, making it easy for beginners to get started. By maintaining a straightforward layout and limiting functionalities to the essentials, novice traders will find the app user-friendly and easy to navigate—unlike many popular crypto exchange apps that can be overwhelming.

Much like its desktop counterpart, the Zoomex app offers a fast and reliable trading experience with minimal lag and high-speed order execution, ensuring that you can capitalize on market opportunities efficiently.

Is Zoomex Secure?

While conducting our Zoomex review 2024, we found that it is a regulated crypto exchange holding a Canada MSB license from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Additionally, the exchange has applied for further licenses in various countries to bolster its compliance.

For asset protection, Zoomex ensures a secure trading environment equipped with top-tier security systems certified by blockchain security auditor Hacken. The platform also supports two-factor authentication (2FA), enabling users to enhance the security of their accounts.

The exchange regularly updates its security measures to guard against attacks and uses multi-sig cold wallets to protect user funds securely. According to Zoomex’s website, VIP status holders benefit from 100% loss compensation in the event of any incidents on the platform.

Zoomex Customer Service

If you encounter any issues, Zoomex provides multilingual, 24/7 customer support. You can reach customer service via live chat or by emailing [email protected]. Additionally, there are social media channels for support, including X, Telegram, and Discord.

For general inquiries, Zoomex has a Help Center where you can find answers related to trading and account management. The website and FAQ section are accessible in eight languages: English, Spanish, Russian, Korean, Japanese, German, Chinese, and Vietnamese.

If you have feedback about Zoomex, be sure to share it with the exchange. Zoomex’s customer-centric approach ensures that user suggestions and complaints are addressed promptly.

How to Get Started With Zoomex

First, visit the Zoomex website and click on the “sign up” button located at the top right corner of the page.

You can begin creating your account by using your email address or mobile number and setting a strong password. Next, enter the verification code that you receive via email or SMS. Alternatively, you can sign up using your Google or Apple account.

In just a couple of steps, you should be ready to start trading your favorite cryptocurrencies within minutes.

The registration process on the Zoomex app is equally straightforward and quick. First, download and install the app. Then, open it and select ‘Assets’ from the bottom right corner. Begin creating your account by entering your email ID or phone number, country code, and a strong password. Input the verification code you receive, and you’re all set. Now, you can start trading immediately.

Our Verdict on Zoomex

Zoomex is a global crypto exchange designed to cultivate a stable and secure investment environment for users worldwide. With a user-centric approach, Zoomex has developed both a spot and futures exchange, enabling trading in an extensive range of cryptocurrencies at fees competitive with leading firms. This ensures that users never miss an opportunity and can amplify their profits effectively.

Offering a comprehensive suite of products and services, Zoomex equips its users with robust market-making capabilities, options to buy crypto with fiat, a native token, USDT, and inverse perpetual contracts, and copy trading. Additionally, Zoomex provides lucrative reward opportunities, including treasure hunts, lucky draws, futures trading challenges, referral and affiliate programs, and exclusive VIP rewards, all designed to help users boost their capital, increase profits, and grow their wealth.

So, start your crypto trading journey by signing up on Zoomex today!

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