Zoomex Review 2024: Safety, Fees, Pros & Cons

Zoomex Review 2024: Safety, Fees, Pros & Cons

The cryptocurrency market continues to evolve rapidly, with new exchanges emerging all the time. One such platform is Zoomex, established in 2021 to provide a user-friendly and secure environment for crypto trading. 

Dive into our comprehensive Zoomex review, where we delve into the platform’s cutting-edge trading features, robust security measures, and transparent fee structure. We’ll also examine its potential advantages and limitations, providing you with all the insights needed to determine if this exchange is the perfect fit for your trading needs.

Key Takeaways:

  1. Zoomex is a spot and futures cryptocurrency exchange with other advanced features like copy trading, leverage trading, and no KYC trading.
  2. It offers a derivatives market with up to 300 futures contracts, including USDT perpetual and inverse perpetual contracts, with leverage of up to 150x for some trading pairs.
  3. Zoomex utilizes multi-signature wallets, 2FA, and advanced security protocols to ensure the safety of users’ assets, with 24/7 multilingual customer support.

Zoomex Exchange Overview

Zoomex is a popular derivatives trading platform launched in 2021. It aims to deliver a smooth trading experience and strong security protocols. The platform is designed for both beginners and seasoned traders, offering a variety of advanced charting and trading tools.

It supports over 300 perpetual contracts and has a significant user base with 2 million registered users from 30 countries. The platform handles a large trading volume, with over $5 billion traded in the last 24 hours (at the time of writing).

Zoomex Exchange Overview

One of the key features of Zoomex is its high-speed trading interface, which has a latency of less than 10 milliseconds, ensuring a fast and efficient trading experience. The platform offers various services, including spot trading, derivatives trading, and decentralized exchange options. You can also participate in copy trading and use the mobile app for trading on the go.

Pros of Zoomex

  • No KYC trading, without requiring personal information
  • Trading fees are customizable based on the user, which other exchanges do not offer
  • They provide customer support around the clock, which can help resolve any issues
  • Fast and convenient deposit and withdrawal services for various cryptocurrencies
  • Unlike some exchanges, Zoomex does not issue its own tokens, avoiding potential conflicts of interest

Cons of Zoomex

  • Limited fiat currency deposit channels
  • Some advanced trading features like margin trading and options trading are not available
  • Does not support automated trading bots and staking services

Zoomex Features: Why Choose Zoomex?

Advanced Derivatives Market

Zoomex Exchange offers a robust derivatives market designed for various trading strategies. This market includes different types of contracts, such as USDT perpetual and inverse perpetual contracts.

  • USDT perpetual contracts are settled in USDT, a stablecoin pegged to the US dollar. These contracts enable traders to go long or short without an expiration date.
  • Inverse perpetual contracts are settled in the underlying cryptocurrency, such as Bitcoin or Ethereum, rather than in a stablecoin. This means that profits and losses are realized in the cryptocurrency itself.

To trade derivatives, it also offers two margin modes: cross margin and isolated margin.

  1. In cross-margin mode, all available balance in the trader’s account is shared among all open positions to prevent liquidation.
  2. In isolated margin mode, the margin is limited to the amount allocated to each position. If the position is at risk of liquidation, only the isolated margin is at risk, protecting the rest of the trader’s funds. So, if you are a beginner, we recommend starting with an isolated mode to reduce exposure and risk. 

 Zoomex offers up to 300 futures contracts. This gives traders many different trading options. Traders can use leverage up to 150x.

Advanced Derivatives Market

Copy Trading

Zoomex’s copy trading feature lets you copy the trades of expert traders, called master traders. This helps beginners make profits without having to know a lot about trading. How it works: when you choose a master trader to follow, your account will automatically copy their trades in real-time. This means no trading knowledge is required.

Some of the benefits are:

  • Transparency: You can see detailed information about master traders, such as their past performance and trading strategies. This helps you choose the right trader to follow.
  • Hands-Free Trading: You don’t need to constantly watch the market or manage your trades.
  • Earnings: Master traders can earn up to 3,000 USDT in monthly bonuses based on their trading success and follower count, on top of their own trading profits.
  • Profit Sharing: If you become a master trader, you get up to 10% of the profits generated from your followers’ trades.

Copy Trading

No KYC Required

Zoomex is a popular no-KYC crypto exchange. This means you can trade without completing ID verification, which simplifies and speeds up the process of getting started. This feature enables you to remain anonymous while still accessing the platform’s comprehensive trading tools and features.

On Zoomex, you can withdraw up to 100 BTC without KYC verification. If you want to withdraw more than 100 BTC a day, you’ll need to complete your KYC verification. Completing KYC verification increases your daily withdrawal limit to 200 BTC.

High Security Measures

Zoomex prioritizes the safety of its users’ assets through several strong security measures. One of the main security features is the use of multi-signature (multi-sig) wallets for both cold and hot storage. This system requires multiple approvals for a transaction, making it harder for unauthorized access. You can also set up 2FA using Google Authenticator.

Plus, Zoomex uses advanced security protocols to ensure platform integrity. Continuous monitoring and real-time data analysis help detect and respond to suspicious activity quickly. The platform is designed to provide high liquidity and reliable pricing, even in volatile markets, ensuring zero price slippage.

The crypto exchange also offers 24/7 multilingual customer support to help users with any security issues. This constant support ensures users can get help whenever needed, increasing the platform’s reliability and security.

High Security Measures

Diverse Events and Generous Rewards

Zoomex hosts a variety of events and offers numerous bonus rewards for its users.

It offers a significant signup bonus for new users, which can go up to $45,115. This bonus is available when new users create an account, make their first deposit, and start trading. The specific rewards are tiered based on the amount deposited and the trading activities undertaken by the user.

For instance, depositing $500 can make you eligible for a $10 reward. Plus, the Zoomex Task Center allows you to complete simple tasks to claim exclusive rewards. These tasks include activities like logging in daily, making trades with high trading volume, or participating in community events. Rewards from the Task Center can include trading bonuses and fee discounts.

Diverse Events and Generous Rewards

Switch between Centralized and Decentralized Exchange

Zoomex offers both centralized (CEX) and decentralized (DEX) exchange services. You can switch between both exchanges with a simple toggle button. 

The decentralized side of Zoomex allows you to engage in anonymous, intermediary-free transactions via smart contracts. This ensures privacy and control over assets, as transactions are directly managed on the Ethereum blockchain without a central authority. You can read more about Zoomex DEX here

Zoomex Fees & VIP Benefits

For regular users, Zoomex charges some of the lowest transaction fees in the industry, with trading fees of 0.02% maker and 0.06% taker. For VIP members, Zoomex provides even more significant fee reductions and exclusive benefits. The VIP program is structured across five levels, each offering progressively larger discounts and additional perks. 

To qualify for VIP status, you need to meet certain trading volume thresholds within 30 days. Here’s a breakdown of the benefits at different VIP levels:

  • VIP1: For users with a 30-day trading volume of at least $5 million, the maker fee is 0.020% and the taker fee is reduced to 0.036% (a 40% discount).
  • VIP2: With a trading volume of $10 million, the taker fee drops further to 0.033% (a 45% discount).
  • VIP3: At $30 million, users enjoy a 50% discount on both maker (0.01%) and taker (0.03%) fees.
  • VIP4: For $50 million in trading volume, the maker fee is reduced by 70% to 0.006% and the taker fee by 55% to 0.027%.
  • VIP5: The highest level, requiring $100 million in trading volume, offers a 90% discount on maker fees (0.002%) and a 60% discount on taker fees (0.024%).

Zoomex Fees & VIP Benefits

In addition to fee discounts, VIP members can earn monthly bonuses based on their trading volumes, ranging from $100 for VIP1 to $1,500 for VIP5. Moreover, they benefit from an annualized interest rate of 4.8% on their deposits, with specific minimum asset requirements for each level.

Zoomex’s VIP members also enjoy exclusive privileges such as personalized customer support, higher withdrawal limits, and access to a priority service for deposits and withdrawals. Check full Zoomex VIP benefits here.

Zoomex Review: Final Thoughts

To sum up our Zoomex review, it is a popular crypto asset trading platform. It particularly suits those interested in spot trading, futures trading, and no-KYC trading. Their focus on security with features like multi-signature cold wallets is also a positive point to consider. 

However, the lack of advanced trading tools like margin trading, options trading, and staking services is a simple drawback.

Disclaimer: The content is provided by Zoomex in collaboration with the NFTevening team to highlight the features and benefits of the Zoomex exchange.

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