Pros
Cons
Quick Summary
| Headquarters Location | Salt Lake City, Utah, USA |
|---|---|
| Fiat Currencies Supported | USD, AUD, GBP, CAD, EUR + 1 other (some through third party apps) |
| Total Supported Cryptocurrencies | 22+ |
| Trading Fees | 0.18% - 0.44% |
| Deposit Methods | Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay, Zelle |
| Support | Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
CoinZoom is a digital currency exchange designed to streamline the buying, selling, and trading of cryptocurrencies. By providing an array of services and features that meet various clientele needs ranging from crypto novices to experienced traders alike.
CoinZoom has quickly established itself as one of the premier virtual currency exchanges. Not only does it streamline digital asset trading processes for novice users, but its accessibility benefits a wide variety of people — from those just entering cryptocurrency’s waters to seasoned veterans in this trade.
This exchange platform represents the rapidly developing landscape of virtual currency exchange platforms, where innovation and user-centered design are playing key roles in shaping the future of digital finance.
About CoinZoom
CoinZoom was established by Todd Crosland to offer a regulated cryptocurrency exchange platform that connects traditional finance to digital assets. Since its debut, CoinZoom has made waves for providing this niche service.
The exchange provides a platform for everyday transactions and trading, with particular attention paid to compliance and user security.
Since CoinZoom first started operating, its founders have guided it through an increasingly dynamic market that often proves challenging and volatile. Their story mirrors that of cryptocurrency’s rise.
CoinZoom has successfully met the ever-evolving demands and trends of digital asset markets by adapting quickly. Their flexibility allowed them to remain relevant by catering to an expanding user base by adapting their offerings according to what the market needed, as well as customer preferences.
CoinZoom has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram and YouTube.
CoinZoom has a mobile app on both the Apple App Store and Google Play.
CoinZoom Supported Cryptocurrencies
CoinZoom supports trading on over 22 cryptocurrencies on their platform. This exchange currently supports 14 of the top 30 market cap cryptocurrencies.
Download full list of cryptocurrencies CoinZoom supports
Trading Experience
CoinZoom provides an intuitive yet sophisticated trading experience, featuring technical analysis tools as well as real-time trade analysis. Their interface accommodates traders of all levels with both desktop version and mobile apps to guarantee uninterrupted trading experiences.
CoinZoom trading experience can be likened to sailing down a river of both calm waters and torrential surges, offering traders all of the tools necessary to make informed trading decisions in either high market volatility environments or when planning their next moves in less turbulent waters.
CoinZoom provides its user base with an array of charting tools, real-time analysis features and advanced trading features that meet their diverse needs. Ranging from novice traders needing an intuitive user experience to experienced traders wanting complex layouts for technical analysis; CoinZoom supports all levels of trading activities.
CoinZoom Fees
CoinZoom’s fee model is intended to be transparent, using tiered structures influenced by factors like trading volume and market conditions. Furthermore, CoinZoom employs a maker-and-taker fee model, with costs depending on a user’s activity level.
There may also be fees associated with funding and withdrawing from accounts, though details vary based on transaction type.
Understanding trading fees is of critical importance for users looking to maximize profits and capitalize on market opportunities. Although numbers won’t be discussed here, the importance of providing users with a transparent and predictable fee structure cannot be overstated.
CoinZoom’s tiered fee system is designed to encourage higher trading volumes, a common feature among virtual currency exchanges that often reward active users with reduced fees. This approach aligns CoinZoom’s interests with those of its users while encouraging an exciting trading ecosystem.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | 0% |
| Deposit Fee (Credit/Debit Card) | 2.99% |
| Trading Fee | 0.18% - 0.44% |
| Withdrawal Fee (Bank Transfer) | $35 ($40K maximum daily) - $50 ($40K maximum daily) |
CoinZoom supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC. The average across all other exchanges that we've reviewed is 0.000380 BTC. This means CoinZoom charges above the industry average by 31.52%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.
Security - Is CoinZoom Safe?
CoinZoom places great emphasis on security, adhering to stringent financial regulations in the U.S. The platform takes a multi-layered approach to safeguard user assets such as two-factor authentication and digital asset insurance for an exchange environment that ensures maximum protection of user assets.
Security in digital currency transactions is more than a feature; it forms the cornerstone of trust. CoinZoom’s multilayered security strategy reinforces this trust by using cutting-edge technological defences and strict procedural checks.
Two-factor authentication and digital asset insurance provide a double safeguard against potential threats to users’ assets, providing greater peace of mind to its customers and keeping sensitive financial transactions on its platform.
CoinZoom Customer Support
CoinZoom may provide limited customer service, but their level of support still matches up with industry norms. Users can access support through various channels including email and live chat and they team is equipped to assist users with a range of issues.
Customer support provides users with a crucial lifeline when venturing into the unpredictable cryptocurrency market. While support quality may differ between exchanges, CoinZoom strives to offer competent levels of customer service that match industry benchmarks.
Customer feedback plays a central role in shaping support services provided, with exchanges taking into account user experiences to enhance and develop their support systems over time. By doing this, they strive to offer reliable assistance that aids users navigating digital asset trading effectively.
CoinZoom Support Channels
How to Sign Up on CoinZoom
- Create Account - Visit the CoinZoom website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
CoinZoom Alternatives
Binance
Total Supported Cryptocurrencies
391+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
282+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
333+
Trading Fees
-0.005% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
CoinZoom stands out as an innovative platform for engaging with digital currencies, from trading to spending your crypto assets using its Visa card. With such diverse products on offer, this digital asset platform makes the crypto experience seamless for users.
Crypto exchanges are leading an exciting financial revolution, where technology and decentralisation are changing how assets are bought, sold and stored. Exchanges like CoinZoom provide not only investment and trading opportunities but also serve as educational platforms, building up a more informed investor class.
As the industry develops, these platforms will likely play a pivotal role in shaping digital asset adoption as well as how traditional and digital finance intersect.
CoinZoom FAQs
CoinZoom is a cryptocurrency exchange that emphasizes security as a key feature. They implement various measures such as two-factor authentication (2FA), encryption of sensitive data, and compliance with regulatory standards to protect users’ assets and information.
However, as with any online platform, it’s important for users to follow good security practices and stay informed about the security status of the platform.
Users can potentially make money on CoinZoom by trading a variety of cryptocurrencies. The platform facilitates the buying and selling of digital assets, and users can aim to profit from the fluctuating prices.
However, it’s important to note that trading involves risk, and one should do thorough research or consult with a financial advisor before engaging in trading activities.
Yes, users can withdraw money from their CoinZoom account. The platform allows the withdrawal of both fiat currency and cryptocurrencies to specified wallets or bank accounts, depending on the user’s preference and compliance with the platform’s withdrawal procedures.
The time it takes for CoinZoom to deposit money can vary depending on the method used. Bank transfers may take several business days, while cryptocurrency deposits typically happen much faster, often within minutes to hours once the transaction is confirmed on the blockchain.
Yes, CoinZoom allows users to link their bank accounts for transactions such as deposits and withdrawals. This feature facilitates easy transfers between CoinZoom accounts and bank accounts, subject to verification and compliance with the exchange’s policies and procedures.
Deposit limits on CoinZoom can vary based on account type, verification level, and jurisdiction. It is best to check with CoinZoom’s current policies or customer service to understand the specific deposit limits that may apply to your account.
Yes, CoinZoom requires users to complete Know Your Customer (KYC) procedures as part of its compliance with regulatory requirements. This typically involves providing personal identification information and documents to verify the identity of the account holder.
To transfer money from CoinZoom to your bank account, you need to initiate a withdrawal request from within your CoinZoom account, selecting the option to withdraw to a bank account. You’ll need to follow the platform’s instructions, which may involve entering bank details and the amount you wish to withdraw, and may be subject to withdrawal limits and processing times.
CoinZoom User Reviews
1.0 out of 5.0
1 reviews
Showing 1 of 1 Review
manz97 (USA) 7 months ago
Rip off Do not use this exchange
Do not waste you time doing business with this company their customer support sucks ticket 153004. I transferred money to my account, never had a problem before (been with them for almost 2 years and this happened) but this time because something went wrong and they changed things. It looks like their wallet has to include a tag for the transfer and if you do not do this you loose your money. If it was that I put in the wrong wallet address I could then say ok you got me, but penalize the user for a tag, when I provided you all the information needed. It's not right. Only small companies that cannot do this nonsense stuff, you do not see this on big exchanges. And it's an insult to charge their customers $250- for something that they control. Besides customer support giving me a new ticket number everytime they respond back, I got at least four before they told me that the crypto was lost and to recover it you have to pay $250-(recovery fee). https://support.coinzoom.com/support/solutions/articles/43000688830-destination-tag-memo-faqs#Can-I-Recover-my-Funds So before you decide to join them remember this can oneday happen to you.
Please note: This review has been modified for compliance with our Terms of Service. Specifically, we've removed parts that contained unsubstantiated claims or language that could be considered defamatory. Our goal is to ensure that all reviews on our platform are constructive, based on factual information, and respectful of all parties. We are committed to providing a space for honest and transparent feedback, while also upholding legal and ethical standards. We appreciate your understanding and cooperation.
Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.
About The Authors
James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.
His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.
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