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CoinZoom Review

Last Updated on February 7, 2024

James Headshot
Written by
Adam Headshot
Edited by
CoinZoom logo
3.18
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit CoinZoom

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

CoinZoom is a U.S.-based, regulated cryptocurrency exchange with a wide range of products, including a CoinZoom Visa card that allows for easy spending of digital assets. The exchange is built with an eye on both security and user experience, promising a robust platform for traders and cryptocurrency enthusiasts.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Wide variety of cryptocurrencies available
  • User-friendly interface for beginners
  • Offers a Visa debit card for spending crypto
  • US regulatory compliance ensures security
  • Rewards program for users

Cons

  • Higher fees compared to some other exchanges
  • Limited educational resources for new traders
  • Customer support can be slow to respond
  • No margin trading which may deter advanced traders
  • Some advanced features may lack depth for professional traders

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 32+
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 that aims to streamline the buying, selling, and trading of cryptocurrencies. Offering an array of services and features, it caters to a diverse clientele, from crypto novices to seasoned traders.

CoinZoom homepage

CoinZoom has rapidly become a notable name in the panorama of virtual currency exchanges. It not only simplifies the complexities associated with trading digital assets but also enhances accessibility for a range of users, from those just dipping their toes into the waters of cryptocurrency to the seasoned veterans of the trade.

This exchange is emblematic of the evolving landscape of virtual currency exchange platforms, where innovation and user-centric design are driving forces shaping the future of digital finance.

About CoinZoom

CoinZoom, established by Todd Crosland, is a regulated cryptocurrency exchange based in the United States. It has carved a niche for itself by offering a platform that merges traditional finance with the burgeoning field of digital assets.

The exchange provides a gateway for everyday transactions and trading, with a focus on compliance and user security.

CoinZoom features

Since its inception, CoinZoom has navigated a path through a dynamic and often volatile market. The exchange’s journey reflects the larger story of cryptocurrency’s rise to prominence.

As the market for digital assets has burgeoned, CoinZoom has adapted to meet the shifting demands and trends of the industry. This adaptability and foresight have enabled it to maintain relevance and cater to a growing user base by aligning its offerings with the evolving needs of both the market and its customers.

CoinZoom has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn and Reddit.

CoinZoom has a mobile app on both the Apple App Store and Google Play.

CoinZoom Supported Cryptocurrencies

CoinZoom supports trading on over 32 cryptocurrencies on their platform. This exchange currently supports 15 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Shiba Inu (SHIB)
  • Uniswap (UNI)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Immutable (IMX)
  • Aptos (APT)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • Stacks (STX)
  • Filecoin (FIL)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Kaspa (KAS)

View all cryptocurrencies CoinZoom supports

  • AAVE
  • APE
  • AVAX
  • BAT
  • BCH
  • BTC
  • DAI
  • DOGE
  • DOT
  • EOS
  • ETC
  • ETH
  • HBAR
  • HNT
  • KNC
  • LINK
  • LTC
  • MKR
  • PAX
  • SHIB
  • TUSD
  • UNI
  • USDC
  • USDT
  • USG
  • XLM
  • XRP
  • XTZ
  • YFI
  • ZEC
  • ZOOM
  • ZRX

Trading Experience

The trading experience on CoinZoom is crafted to be both intuitive and sophisticated, offering detailed market analysis tools for technical analysis and real-time trade analysis. The interface caters to traders of all levels, with a smooth functioning desktop version and a mobile app to ensure an uninterrupted trading experience.

The experience of trading on CoinZoom is akin to navigating a river with both calm stretches and rapid torrents. The platform is designed to offer the tools necessary for users to make informed trading decisions, whether they are riding the waves of market volatility or strategically planning their next move in calmer waters.

CoinZoom provides a myriad of charting tools, real-time analysis, and advanced trading features, catering to the diverse needs of its user base. From novices requiring a simple interface to advanced traders needing a complex layout for technical analysis, the platform supports a broad spectrum of trading activities.

CoinZoom exchange marketing

CoinZoom Fees

The fee model at CoinZoom is designed to be straightforward, operating on a tiered structure influenced by factors like trading volume and market conditions. The exchange employs a maker and taker fee model, with costs that vary depending on the user’s level of activity.

There are also fees associated with funding and withdrawing from accounts, though specifics can differ from one transaction type to another.

Understanding trading fees is crucial for users seeking to maximise profits and take full advantage of market opportunities. While specific numbers are not mentioned here, the importance of a transparent and predictable fee structure cannot be overstated.

CoinZoom’s tiered fee system is structured to incentivise higher trading volumes, a common trait among virtual currency exchanges, which often reward active users with reduced fees. It’s an approach that aligns the interests of the exchange with those of its users, encouraging a vibrant 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) $25 USD

CoinZoom supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC compared to the industry average of 0.000075 BTC. So CoinZoom has a fee that is above the industry average by 566.67%.

Security - Is CoinZoom Safe?

CoinZoom places a strong emphasis on security and operates under the stringent financial regulations of the U.S. It includes a multi-layered approach to safeguard user assets, incorporating two-factor authentication and digital asset insurance, ensuring a secure exchange environment.

In the realm of digital currencies, security is not just a feature; it’s the bedrock upon which trust is built. CoinZoom’s layered security strategy reinforces this trust by deploying a combination of advanced technological defences and rigorous procedural checks.

Two-factor authentication and digital asset insurance offer a dual safeguard against the spectrum of potential threats, ensuring that users’ assets receive robust protection. By placing a strong emphasis on security, the exchange aims to provide peace of mind to its users, which is fundamental for a platform handling sensitive financial transactions.

CoinZoom Customer Support

Customer support at CoinZoom might be limited but is commensurate with industry standards. Users can access support through various channels, including email and live chat, with the team providing help for a broad range of issues.

Customer support is the anchor for users when they face the unpredictable seas of the cryptocurrency market. While the quality of support can vary widely among exchanges, CoinZoom aims to deliver a competent level of customer service that aligns with the industry benchmarks.

Customer feedback plays a pivotal role in shaping the support services offered, with the exchange taking into account user experiences to continuously refine and improve its support systems. In doing so, they seek to provide reliable and effective assistance, essential for navigating the complexities of digital asset trading.

CoinZoom support

CoinZoom Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on CoinZoom

  1. 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.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Zelle

CoinZoom Alternatives

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Crypto Head Rating
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Fiat Currencies Supported
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Fiat Currencies Supported
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Fiat Currencies Supported
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Final Thoughts

With its diverse product offerings, CoinZoom presents itself as a versatile platform for engaging with digital currencies. It provides a complete ecosystem that supports a user’s crypto journey, from trading to spending digital assets with the CoinZoom Visa card.

Crypto exchanges are at the forefront of a financial revolution, where technology and decentralisation are rewriting the rules of how assets are bought, sold, and stored. In the broader context of digital finance, exchanges like CoinZoom are not only gateways to investment and trading but are also educational platforms, fostering a more informed and empowered class of investors.

As the industry matures, these platforms will likely play a pivotal role in defining the trajectory of digital asset adoption and the ways in which 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

5 Stars: 0%
4 Stars: 0%
3 Stars: 0%
2 Stars: 0%
1 Star: 100%

Showing 1 of 1 Review

manz97 (USA) 4 weeks 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 Headshot
Written by

Crypto Technical Writer

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.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: