Zoomex Review 2024 – Best Crypto Trading Platform With Low Fees and No-KYC
This Zoomex review is exactly what you need if you want to find a KYC-free exchange where you can trade a lot of different cryptocurrencies for low fees and a bundle of awards and bonuses. Founded in 2021, Zoomex is a rapidly expanding cryptocurrency exchange with over 2 million members in 30 countries. It provides industry-leading minimal fees for spot, futures, and inverse futures transactions. There are also crypto games, a VIP program, a lot of active deals, and more at Zoomex. So, is Zoomex the best place to trade crypto futures in 2024? Could you read our review of Zoomex to find out?
Zoomex Key Features
- Leveraged perpetual futures contracts: Zoomex has inverse futures contracts and perpetual futures contracts priced in USDT for over one hundred cryptocurrencies. Some contracts let you trade with up to 150x leverage.
- Anonymity: Zoomex is perfect for traders who are concerned about their privacy since it doesn’t need an ID verification or Know Your Customer procedure.
- Promotions and bonuses: Zoomex offers traders a number of incentives, such as a bonus hub that offers prizes of up to 15,000 USDT.
- Copy trading: Follow the strategies of around 500 successful cryptocurrency traders. It can only be used to trade crypto futures.
- Integrated DEX: Zoomex has a built-in decentralized exchange that lets users trade crypto tokens that can’t be bought and sold right away on the main site.
Zoomex Review: What Makes Zoomex Stand Out
Although Zoomex performs well in many things, this exchange stands out because of a few crucial components.
Zoomex Review: Industry-leading Fees
The fees at Zoomex are some of the lowest of all crypto futures platforms. It will only cost you 0.06% to draw cash and 0.02% to make cash. Zoomex doesn’t have a hard-to-understand tier system like some other swaps do. You automatically know how much you’ll pay for every deal.
Zoomex Review: Comprehensive Futures Trading
One of the best cryptocurrency exchanges for trading derivatives is Zoomex. You can buy eternal USDT futures with up to 150x leverage, and you can also buy opposite futures for popular tokens. Hundreds of assets are available for you to choose from and trade cryptocurrency futures.
Massive Bonuses and Rewards Compared to the majority of competing cryptocurrency exchanges, Zoomex places a greater focus on trading incentives, rewards, and events. Not only do these make dealing with Zoomex more fun, but they also give buyers a chance to win huge prizes and get their savings back.
Zoomex is currently holding the Z-Challenge, a trade contest with a prize of up to 150,000 USDT for the winner. The total prize pool for the contest is 2 million USDT, which is a huge amount of money that not many other cryptocurrency platforms can beat.
Zoomex Review: Privacy
Zoomex does not demand ID verification or Know Your Customer information. Cryptocurrency or futures contract traders may register and begin trading in total anonymity.
Zoomex Review: Customer Service
You can email or live chat with Zoomex’s customer service team at any time. Support is offered in many languages, so even if you have a very difficult question, you can get help. Zoomex aggressively integrates user input into platform improvements and maintains an online forum.
In general, Zoomex is an excellent option for crypto futures speculators who value privacy, security, and minimal fees. It’s great if you want to copy other traders’ trades or use leverage on your futures accounts. Zoomex is only offered in 30 countries, which means that some buyers can’t use it.
Zoomex Review: How You Can Get Started with Zoomex?
Step 1: Go to the Zoomex page: Visit the original Zoomex page.
Step 2; Create an account: Press the “Sign Up” button. You can sign up with your Google or Apple account, your email address, or your cell phone number. Set up a strong password, and then enter the code that was sent to your phone or email to finish the verification process.
Step 3: Secure your account: It’s advised to strengthen account security after registering. You can use either phone verification or Google Authenticator to set up a two-factor login (2FA). This gives your account an extra layer of safety.
Step 4: Make a deposit: You can add money to your account once it is safe. Zoomex lets you transfer cryptocurrencies or use a credit card to buy cryptocurrencies immediately.
Step 5: Start trading: Check out the trade system. Zoomex lets you trade in a number of ways, such as selling futures and spots with leverage. It would help if you learned how to use the trade screen, the different types of orders, and how to open and close accounts.
Step 6: Withdraw funds: If you want to get your cash or funds out of the app, go to the “Withdraw” area and follow the steps to move your assets to an external bank.
Step 7: Participate in promotions: Keep an eye out for current contests or events, like the World Series of Trading that may give you extra benefits for taking part.
Zoomex Review: Account Setup and Verification
Making an account on Zoomex is very easy because the people who run the site made it that way. Giving an email address, making a strong new password, and finally agreeing to the service’s terms and conditions are the first steps in the registration process.
When you sign up for a Zoomex account, you don’t have to go through the required Know Your Customer (KYC) verification. However, unknown users are limited in how much they can take. These limits can be raised by completing basic KYC. The no-KYC feature makes the hiring process easier, but some users may be worried about the platform’s safety and compliance measures since KYC isn’t required.
Also, users who haven’t been verified can take up to 100 BTC per day. Users who have completed basic KYC can increase this cap to 200 BTC per day, giving busy crypto buyers more options.
Zoomex Exchange Overview
| Number of Coins 8.0 (Good) | 300+ futures contracts, 57 coins for spot trading |
| Trading Fees 10.0 (Excellent) | 0.06% taker fee, 0.02% maker fee for futures trading. 0.1% for all spot crypto trades |
| User Experience 9.0 (Excellent) | User-friendly web platform and mobile app with excellent technical support and analysis tools |
| Staking 0.0 (Poor) | Zoomex does not support crypto staking |
| Features 8.0 (Good) | Access up to 150x leverage with no KYC, swap tokens on an integrated DEX, copy trading, and crypto games |
| Trustworthiness 10.0 (Excellent) | 2 million users in 30+ countries. Highly secure with no security incidents since launching in 2021 |
| Customer Service 9.0 (Excellent) | 24/7 support by email and live chat. Online help center and community forum |
Zoomex Review: What Cryptocurrencies Does Zoomex Offer?
Zoomex lets you trade more than 300 coin pairs as USDT permanent futures contracts. The number of trading assets is amazing. Binance, the biggest cryptocurrency market in the world, only offers less than 250 coins for futures trading.
It’s very easy to buy and sell most of Zoomex’s contracts; deals usually go through in 10 milliseconds or less. For high-frequency dealing and making sure trades are finished at market prices, that’s important.
Zoomex also offers four tokens for trading via inverse futures contracts, which allow for short derivative trading: Bitcoin, Ethereum, XRP, and EOS. For BTC, Binance only has negative futures available. You can get inverse contracts for BTC and ETH with up to 100x leverage. You can get inverse contracts for XRP and EOS with up to 50x leverage.
The number of cryptocurrencies that Zoomex lets you trade in real-time is much smaller, with only 57 tokens available. This is less than what Binance and Coinbase charge. Zoomex does have a DEX built in for users who want to buy and sell more tokens, but it is not as open as the controlled market.
Zoomex Fees
It’s easy to understand how to trade on Zoomex and how much it costs. You can’t get a reward based on how much of a local exchange token you hold.
Potential buyers and sellers of futures contracts pay 0.06% and 0.02%, respectively, per trade. No matter if you make or take liquidity, spot trade costs 0.1% per side.
Zoomex has teamed up with Onramper and Legend to let people use regular currency to buy crypto. Onramper and Legend earn money by giving their current customers exchange rates that are lower than the market rate. Zoomex doesn’t charge a fee for this service.
| Trading | Maker | Taker |
| Futures trading | 0.02% | 0.06% |
| Spot trading | 0.1% | 0.1% |
Zoomex Review: Futures Trading at Zoomex
Zoomex is mostly a place to trade futures. It lets you trade more than 300 tokens through perpetual contracts priced in USDT. Many of these contracts let you boost your trades up to 150x. Zoomex also has futures that go against the price of BTC, ETH, XRP, and EOS.
Zoomex lets you copy trade futures contracts, but not spot trades. There are almost 500 users on the site that you can copy for free. There is no trial account for Zoomex.
Zoomex Review: Zoomex Bonuses and Promotions
The Zoomex exchange provides traders with a greater selection of incentives and promotions than the majority of rival cryptocurrency exchanges.
For example, a digital awards Hub gives trade awards based on traffic that range from $15 to $15,000. One example is that Zoomex users can trade $200,000 worth of contracts and get a $100 coupon. In Zoomex, there is no time limit on meeting the total trading volume requirements. This means that buyers can get bonuses no matter how fast they trade.
A VIP program is also available at Zoomex for experienced traders who execute at least $5 million in futures transactions within 30 days. VIPs can get up to $1,500 in bonuses every month and lower trade fees for futures contracts.
Zoomex also has events, trading competitions, and special deals that only last for a short time and give buyers more chances to make money. Case in point: the Z-CHALLENGE 2024 futures trade contest is going on right now. This lets buyers fight for a prize pool of $2 million, with prizes of up to $150,000 for the best ones. Traders can join the race for 100 USDT.
One more event is the Super Subsidy Event, where traders can ask Zoomex for trading capital. Users can ask for up to two times their current account amount, and the loan terms are either seven or thirty days. Users keep all the money they make, but they have to pay 20% interest on the loan they take out.
Zoomex Review: Zoomex Mobile App
You can get Zoomex’s free apps for iOS and Android phones from the Apple App Store and Google Play. On Zoomex, the applications are user-friendly and provide access to the complete selection of spot and futures trading pairs. You can also pay and receive money from Zoomex through the app, and you can use Onramper and Legend to buy crypto with real money.
There is a page in the Zoomex app just for copy selling. You can see sellers you can copy, sort them by success, and give them money to trade with. Through the Zoomex app, you can also offer your resume for other people to copy.
One more great thing about the Zoomex app is that it has basic charts for dealing with crypto while you’re on the go. Prices at the tick level, technical signs and layers, drawing tools, and more can be found on the technical plots. However, the app doesn’t have a lot of Level 2 time and sales data, and it can be hard to use it to make more complicated orders. This won’t bother most users, but the app makes it hard to get to some of Zoomex’s most advanced technical trading tools.
Crypto Staking at Zoomex
Since Zoomex is mostly used for derivatives, it makes sense that it doesn’t offer a stake.
Zoomex Payment Methods
Zoomex mostly takes payments in cryptocurrencies. You can enter any of the 57 cryptocurrencies that can be traded on the spot market, such as Bitcoin, Ethereum, XRP, Bitcoin Cash, Bitcoin Classic, and more.
In particular, Zoomex doesn’t need to Know Your Customer checks to receive crypto. This isn’t common because most countries and more and more crypto companies now check users’ identities before letting them trade.
A trader can put money into the Zoomex market using Onramper or Legend if they don’t already have cryptocurrency. Checking your KYC is needed for these services. Onramper takes credit cards, debit cards, and bank transfers. Legend, on the other hand, takes bank transfers and wire transfers.
Minimum Deposits & Withdrawal Times
For all tokens, Zoomex has no minimum deposit requirements. When you send tokens to Zoomex, however, keep in mind that blockchain fees can add up to a few dollars.
Any money taken out of Zoomex has to be done in cryptocurrency. You can move the money to your wallet or a wallet on a different exchange. Zoomex handles transfer requests right away, which means that most transactions are finished in just a few minutes.
Customer Support at Zoomex
You can email or live chat with Zoomex’s customer service team at any time. Based on our tests and reviews from both new and old Zoomex clients, the exchange’s help team is very quick to respond.
Zoomex also has a full online help center that answers a lot of typical questions, such as how to use copy trade, make payments and withdrawals, and more. A community site on Zoomex lets users answer questions for each other and suggest new features for the exchange. Zoomex keeps an eye on this community site, and many of the changes to the exchange are based on what users have asked for.
Zoomex Review: Zoomex Exchange – Pros & Cons
Zoomex is different from other cryptocurrency swaps because its platform is both controlled and doesn’t require Know Your Customer (KYC) information. With strong Zoomex exchange volume and high leverage, this setting lets traders invest in a wide range of altcoins. This lets them take advantage of different and profitable market stories. Copy trading is also easy to do with Zoomex. Users can copy the methods of experienced traders with just one click or by using a customizable option.
Zoomex stands out from other exchanges because it is easy to use and offers great benefits like airdrops, freebies, challenges, and games. Trading on Zoomex is both profitable and enjoyable. It’s easy to use, which makes it a good choice for new traders. However, Zoomex could improve the trading experience even more by adding features like holding, direct currency joining, and trading bots.
Pros
- Complete privacy
- A lot of cryptocurrencies to choose from
- Deep liquidity and low delay
- Up to 150x leverage
- Low fees
- Copy trading
Cons
- No holding or NFT support
- It’s expensive to buy cryptocurrencies through Express
- There aren’t any advanced trading features
Zoomex Review: Is Zoomex Legit?
More than 2 million people have signed up for Zoomex since its 2021 debut in more than 30 countries. The exchange is based in Singapore, but big financial bodies do not oversee it.
Zoomex has top-notch digital security and stores customer funds in “cold wallets” that can only be accessed by people who have been authorized multiple times. Since it began, the business has never had a hacking mishap or lost customer funds.
Zoomex also doesn’t have its exchange token like many others do, such as Binance’s $BNB token or FTX’s well-known $FTT token. This means Zoomex doesn’t have a conflict of interest and isn’t using a token that isn’t traded much to make its balance sheet look better than it really is.
How We Reviewed Zoomex
Signing up for Zoomex and making deals using the trading interface were just a few of the things we did to comprehensively test this trading platform. We also got the Zoomex mobile app and used the order screen to practice trade. In our Zoomex review, we also looked at the platform’s help files and community site to learn more about how to contact customer service and how much it costs.
FAQs
Conclusion
In our study of Zoomex, we found that it is a great place to trade crypto futures. You can use up to 150x leverage to trade contracts for more than 300 famous tokens. You can also trade negative contracts for BTC, ETH, XRP, and EOS. Zoomex has very low fees and doesn’t have any complicated price bands. You can use their great technical charts and order management tools online or on your phone with the Zoomex app.
Zoomex is great because it doesn’t require Know Your Customer (KYC), so buyers can join without being identified. Zoomex is a good choice for crypto futures users of all levels, but it’s especially good for buyers who care about privacy.