As a seasoned investor with over two decades of experience in the financial markets, I have seen my fair share of exchanges that prioritize profits over user privacy. That’s why I was drawn to Zoomex – an exchange that puts user privacy first.
Cryptocurrency trading and investment rely heavily on crypto exchanges. Among the multitude of exchange platforms, Zoomex stands out as a preferred choice for many traders and investors. This is due to its advanced features, substantial liquidity, and intuitive interface. Zoomex strives to accommodate a wide array of users, from novice to experienced traders and investors.
From the outset in 2021, Zoomex has prioritized security and compliance while ensuring a focus on user privacy. In this article, we delve into the key features and facets of the platform. Here’s an itinerary to help you traverse this guide efficiently:
- What is Zoomex?
- How to Deposit Crypto on Zoomex
- How to Withdraw on Zoomex
- What is Zoomex DEX?
- Why Choose Zoomex?
- What are Zoomex Games?
- Zoomex Copy Trading
- Frequently Asked Questions (FAQs)
- Is Zoomex Safe?
- Can I Use Zoomex Without KYC?
- Zoomex vs. Binance: What’s the Difference?
- Does Zoomex Have a Mobile App?
- Conclusion
What is Zoomex?
At Zoomex, more than 2 million individuals worldwide can easily buy, sell, safeguard, and swap digital assets without the need for a compulsory know-your-customer (KYC) verification process. This exchange has gained significant traction, with a presence in over 30 countries and a burgeoning user base that underscores its remarkable growth and popularity within the cryptocurrency sector.
Zoomex offers a unique system enabling users to select between two types of exchanges: centralized and decentralized, based on their individual preferences. Centralized exchanges (CEX), similar to other centralized systems, emphasize security and trust. On the other hand, decentralized exchanges (DEX) eliminate the requirement for intermediaries, enabling users to engage directly with the ecosystem’s smart contracts, thereby increasing privacy and anonymity.
As a researcher studying the functionality of this platform, I can share that it offers a user-friendly feature enabling direct cryptocurrency purchases with fiat currencies. This is made possible through Onramper, an efficient aggregator for fiat-to-crypto transactions. By utilizing services such as MoonPay, Alchemy Pay, Simplex, Banxa, Visa, and Mastercard, among others, Onramper simplifies the process of executing these transactions.
Based on my extensive experience as a seasoned crypto trader, I can confidently say that this exchange stands out from the crowd with its diverse range of trading services. From my perspective, it’s like having a one-stop-shop for all my trading needs.
Zoomex offers affordable industry fees, with creators charged 0.02% and takers 0.06%. Moreover, this platform provides high leverage of up to 150x in certain tokens, enabling users to select the ideal leverage based on their trading style and risk tolerance.
Zoomex’s platform can be accessed through its web and mobile versions. The mobile application is compatible with Android and iOS devices. Notably, signing up for this exchange is a straightforward process, as it doesn’t mandate KYC verification. All you need to get started is an email confirmation and a password.
How to Deposit Crypto on Zoomex
To use Zoomex’s range of products, users need to first add funds to their crypto accounts. On Zoomex, there are multiple methods to acquire cryptocurrencies. This tutorial will demonstrate funding your Zoomex account through the Deposit function on the mobile app. With this option, users can move their crypto assets from an external exchange or wallet to Zoomex. Here’s a simple guide to transfer USDT from Binance to Zoomex:
Step 1: Open “Deposit” on the home screen, as shown in the image below:
In the second stage, choose your preferred asset (USDT), network (ERC20 or Ethereum), and destination account (Funds Account). This part of the process will highlight USDT as the deposited asset, ERC20 as the underlying network, and the Funds Account as the receiving account. The following image provides a visual representation:
Step 3: Copy the wallet address.
Step 4: Access the Binance application. Make your way to the Withdraw tab and choose “Send Crypto Network” for the preferred cryptocurrency, as demonstrated in the following illustration:
Step 5: Copy your wallet’s address, select the desired network, and enter the withdrawal amount. Remember, you need sufficient funds not only for the amount being withdrawn but also to cover the gas fees required by the network for processing the transaction.
In the last step, hit the “Withdraw” button on the Binance platform. The processing of your request then begins. The pace at which this transaction is finalized depends on the underlying network. Upon confirmation of the transaction on the blockchain, the USDT will be credited to your Zoomex account.
How to Withdraw Crypto on Zoomex
To take out your cryptocurrency from Zoomex, the process is quite comparable to other digital asset exchanges. For enhanced security, you’ll need to set up both email verification and Google Two-Factor Authentication. Make sure these protective measures are linked to your account before attempting a withdrawal. Here’s how to withdraw your funds using the mobile app:
In the first step, please locate and note down the recipient’s crypto wallet address, using USDT as an example in this scenario. Since USDT operates on the Ethereum network, we will utilize the ERC20 token standard.
Step 2: Navigate to the Assets page and select “Withdraw,” as shown in the image below:
As a financial analyst, I would recommend you to opt for “processing an On-chain Withdrawal” instead of an “Internal platform transfer.” By selecting this option, you will be able to move your funds out to an external wallet or exchange using the blockchain network.
Step 4: Select the desired cryptocurrency to withdraw. USDT is the crypto used in this example.
In the fifth step, users are required to choose the desired network on the withdrawal page. Then, they should copy the wallet address of the intended recipient and enter the desired withdrawal amount. To complete the process, users must click the “Withdraw” button as illustrated in the image below.
What is Zoomex DEX?
In simpler terms, Zoomex DEX represents a decentralized trading platform integrated into the Zoomex network. It functions as a peer-to-peer marketplace where users can execute trades directly without intermediaries’ involvement. The use of smart contracts facilitates these transactions by automating tasks based on predefined rules.
Zoomex DEX was introduced as an expansion of the existing Zoomex CEX platform. This new decentralized exchange is underpinned by the technology and services of the centralized part, ensuring a smooth transition for traders. By offering a DEX capability, Zoomex aims to enhance security, transparency, and flexibility for users compared to traditional centralized exchanges. With this feature, traders can manage their own private keys and assets, thereby significantly boosting security and transparency.
In contrast to its distinct traits, Zoomex’s decentralized segment mirrors the centralized exchange (CEX) section in terms of shared trading and liquidity aspects. This results in robust liquidity and minimal price discrepancies during transactions. Both platforms deliver the same level of high-leverage trading, reaching up to 150x for certain pairs, alongside an uncomplicated and swift trading process. However, while Zoomex CEX supports a variety of contracts, the DEX exclusively caters to USDT perpetual contracts.
Here are the key features of Zoomex DEX:
Transacting with Smart Contracts: In this approach, transactions are executed through smart contracts, ensuring greater transparency by eliminating the involvement of intermediaries.
Seamless Digital Wallet Trading: Trade effortlessly straight from your digital wallet with Zoomex, retaining full authority over your funds without the necessity of utilizing separate apps for our Decentralized or Centralized Exchange.
Advanced Security Measures: The system utilizes advanced privacy techniques to protect transactions and user information from being traced. By keeping assets offline, this function minimizes the likelihood of cyberattacks and data breaches.
” The DEX has been engineered with a straightforward layout and simple navigation, making it accessible to both newcomers and seasoned traders.
Why Choose Zoomex?
Zoomex offers numerous benefits that set it apart from competitors. These include:
No KYC Required
Zoomex sets itself apart by allowing users to bypass the Know Your Customer (KYC) verification procedure, maintaining their privacy in the process. KYC is a protocol mandatory for most cryptocurrency exchanges, which necessitates users to supply personal details (such as full name and address) and validate them with identification documents or proofs before accessing advanced features on the platform.
Originating from conventional finance, Know Your Customer (KYC) procedures have been a point of contention among crypto enthusiasts. They argue that KYC goes against the very essence of the cryptocurrency realm, which values decentralization and privacy. For traders who prioritize anonymity in their transactions, Zoomex is a fitting alternative, as it does not enforce KYC regulations.
As a crypto investor, I appreciate Zoomex’s focus on prioritizing user privacy by opting out of Know Your Customer (KYC) verification. In this day and age, with data becoming more centralized and security concerns at an all-time high, this commitment to anonymity sets Zoomex apart from its competitors. As a novice or seasoned trader, I can access the platform’s extensive trading tools and features without revealing my identity. This level of privacy is invaluable in today’s digital world.
Users intending to withdraw over 100 BTC per day must complete Know Your Customer (KYC) verification. Successful verification raises the daily withdrawal ceiling to a maximum of 200 BTC.
Solid Liquidity
Zoomex’s strong market-making functions ensure there is plenty of buying and selling activity, enabling swift and productive trades. By supplying superior liquidity, the platform intends to lessen price fluctuations and narrow the difference between buy and sell prices, thereby reducing potential losses from spreads and providing users with more convenient opportunities for entry and exit in the market.
In simple terms, placing orders with Zoomex will result in faster fills, improving price accuracy and boosting market trust. Even during turbulent market situations, Zoomex ensures a steady platform for crypto trading, enabling users to capitalize on optimal pricing opportunities.
Commitment to Security and Compliance
At Zoomex, we place a high priority on safeguarding users’ financial resources by implementing robust security protocols and adhering to regulatory guidelines. It’s essential to understand that the absence of a Know Your Customer (KYC) requirement does not automatically signify that an exchange poses a risk to use.
Zoomex ensures the security of its users’ funds by employing a multi-signature wallet system, a combination of cold and hot wallets. A substantial amount of funds is kept offline in cold wallets, enhancing protection against cyber attacks. Moreover, transactions necessitate multiple approvals using multi-signature technology, preventing any single company employee from unilaterally transferring funds. This measure significantly decreases the possibility of internal fraud.
As a crypto investor, I appreciate the security measures taken by the exchange to guarantee sufficient reserves for user transactions. This practice not only ensures liquidity but also boosts reliability. The transparency of documenting both funds and reserves is crucial in building trust among users. Knowing that my assets are securely stored and easily accessible gives me peace of mind, allowing me to focus on my investment strategies.
To enhance the security of your transactions with Zoomex, we’ve implemented a two-step verification process. Before completing a withdrawal, you’ll need to confirm the request through both email confirmation and Google Authentication (2FA). This additional measure significantly boosts account security by making it more challenging for uninvited parties to access or withdraw funds from your account.
Zoomex has proactively pursued licenses from different authorities and institutions to establish legitimacy in various jurisdictions. Among these licenses is the Money Services Business (MSB) permit granted by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), based in Canada. Obtaining this license signifies that Zoomex adheres to regulatory requirements, thereby boosting consumer faith and assurance. Additionally, it grants Zoomex greater market reach, credibility, and a competitive advantage.
The exchange has even received a certificate of security excellence issued by Hacken this month.
Responsive to User Feedback
At Zoomex, we prioritize our customers’ needs and consistently improve our platform by incorporating feedback from surveys and reports. For instance, we’ve recently implemented several upgrades to our app based on valuable input from our users.
The cryptocurrency exchange provides around-the-clock, multilingual assistance for users dealing with security concerns. This uninterrupted support guarantees that help is always at hand, enhancing the platform’s trustworthiness and robustness. Rapid response in this industry, where customer service is sometimes subpar, can significantly distinguish one exchange from others.
Diverse Events and Generous Rewards
Zoomex provides a range of captivating initiatives to draw and maintain an active user base. Some of these activities consist of welcome incentives, competitive trading contests, and international competitions that foster a sense of unity among the exchange’s community on various social media channels.
During special occasions like the World Cup, Euro Cup, and ongoing Olympics, users have the opportunity to accumulate points by correctly guessing soccer match results on our platform. Additionally, enticing prizes, including Tesla distributions, are up for grabs.
In addition to generating predictions, individuals have the opportunity to accumulate points through deposits and trading actions. These points are then exchangeable for incentives such as USDT bonuses, unique jerseys, and autographed memorabilia.
Zoomex provides an attractive referral scheme where users can earn USDT rewards, commonly referred to as U bonuses, by inviting friends to sign up. Once the referred friends become active traders, users receive these bonuses which possess multiple functionalities. Users can utilize U bonuses as collateral for trades, offset any trading losses or decrease derivatives trading fees.
Zoomex provides ample chances for users to reap rewards. Through participating in new promotions, playing captivating games, or leveraging the referral program, there’s consistently an exciting event unfolding within the platform.
Zoomex Native Token
Instead of rushing to release tokens like many of its competitors did at the beginning of their projects, Zoomex adopted a more thoughtful strategy.
Following three years of refining its platform and fostering a strong user base, Zoomex is set to introduce its own token in the year 2024 under optimal market circumstances. Privileged users will be granted priority access to the token’s launch information and potential applications.
What are Zoomex Games?
At Zoomex, users have the added benefit of our gaming hub, where they can find various chances to earn rewards. Three engaging games are available: “To The Moon,” “1 USDT Treasure Hunt,” and “Lucky Draw.”
In the cryptocurrency game ‘To The Moon’ with a multiplayer mode, there’s a constantly rising graph that could potentially collapse at any given instant. This unpredictability infuses an exhilarating element into the game. It promises potential rewards up to 5000 times your initial investment.
At Zoomex’s gaming hub, there’s another thrilling activity called the USDT Treasure Hunt. You have the chance to deposit a maximum of 0.1 BTC and receive 100 treasure tickets each time you invite a friend to join or take part in this event. Additionally, for every 1000 USD deposited, you’ll receive 100 Treasure Coupons. Every transaction worth 20,000 USD will also earn you 100 Treasure Tickets. To maintain balance and equal opportunities for all players, Zoomex has set a limit of 1000 treasure tickets or coupons that can be amassed in total.
At Zoomex’s cryptocurrency platform, there’s an additional feature called “Z-Lucky Draw” where users earn incentives by completing certain assignments. This game concludes its ongoing phase when this text was penned down.
Zoomex Copy Trading
With Zoomex’s copy trading function, novice traders can gain from the proficiency of accomplished traders boasting a history of successful transactions. By adopting the tactics of top-notch traders, investors can improve their own returns without having to delve deeply into market complexities.
Zoomex simplifies the process of selecting proficient traders for users by presenting a collection of traders, complete with their weekly success rate, earnings, follower count, and the resulting profits earned by their followers. With this clear-cut layout, users can make well-informed decisions and commence their trading experience by imitating the strategies of accomplished professionals. Such a choice may bring about financially rewarding results more effortlessly.
Using this function, Zoomex strives to cultivate an active and engaging investor network where individuals from around the globe can connect, work together, and advance. The copy trading option ensures openness and adaptability, granting both newcomers and skilled traders the opportunity to learn from professionals’ strategies and enhance their investment gains.
Key features of Zoomex’s copy trading include:
- Support for all USDT futures trading pairs.
- Leverage up to 30x:
- Generous copy trading limit of up to $50,000
- Industry-leading trading depth and liquidity
- Consistent fee structure
- Fixed ratio and order capabilities
Furthermore, Zoomex provides an enticing prospect for experienced traders to submit an application to be designated as master traders. As master traders, they have the potential to reap rewards of up to 10% of the daily profits accrued by their subordinates, with regular payouts.
As a researcher exploring the offerings of Zoomex, I’ve discovered that this platform goes beyond just copy trading. Instead, it extends to spot trading, empowering users with the ability to directly purchase and sell cryptocurrencies on the open market for instant transaction settlements.
The exchange also has a VIP Club, which offers exclusive benefits with 5 different levels.
Frequently Asked Questions (FAQs)
Is Zoomex Safe?
At Zoomex, we take user security seriously and employ various strong protective measures. One of these methods involves utilizing multi-signature wallets to safeguard users’ funds. With this approach, more than one authorization is necessary before a transaction can be executed, thereby preventing unauthorized access.
The platform employs both cold and hot wallets to safeguard users’ funds and continuously strengthens its security measures to shield against outside attacks. additionally, Zoomex provides a Decentralized Exchange (DEX) for those wary of the risks inherent in centralized trading venues.
Beyond these actions, Zoomex utilizes sophisticated security techniques to preserve the platform’s stability. These methods encompass continuous observation and examination to swiftly identify and address any questionable behavior.
Can I Use Zoomex Without KYC?
At Zooxe, we prioritize our users’ privacy and do not demand Know Your Customer (KYC) protocols during account establishment. Consequently, traders are able to commence trading their preferred assets without undergoing tedious verification processes. Users can promptly join our platform and initiate transactions, savoring the benefits of ease and confidentiality.
Zoomex vs. Binance: What’s the Difference?
Zoomex and Binance are two distinct crypto exchanges with variations in key features. These differences encompass trading fees, withdrawal fees, deposit methods, the array of supported cryptocurrencies, and available trading options. In contrast to Binance, the registration process for Zoomex does not necessitate users to disclose personal data.
Furthermore, Binance was founded in 2017, while Zoomex started operations in 2021.
Does Zoomex Have a Mobile App?
Certainly!
Conclusion
As a analyst, I’d rephrase it as: In this guide, I’ve detailed the investment opportunities provided by Zoomex catering to both beginners and seasoned investors. What sets Zoomex apart is its prioritization of user privacy. Traders can fully utilize its features without revealing their personal information, a significant advantage over other exchanges in today’s marketplace where data protection is increasingly important.
As a new crypto investor exploring the Zoomex platform, it’s important for me to remember that while there are numerous advantages to using this particular service, I must still take the time to thoroughly investigate if it aligns with my unique investment goals and requirements.
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2024-07-26 14:38