CoinZoom is a centralized cryptocurrency exchange founded in 2018 and launched in 2020. It is based in Salt Lake City, Utah, USA. CoinZoom crypto exchange supports buying, selling, spending, and trading of cryptocurrencies. It also supports fiat pairs, deposits, and withdrawals.
CoinZoom collects and verifies information about users in compliance with KYC and AML requirements. In addition to the information collected during the sign-up process, CoinZoom may collect other information about the buyer for them to transfer assets or perform transactions beyond given limits or frequency. CoinZoom prohibits users from countries on the prescribed sanction lists. Some of these countries include North Korea, Lebanon, Iraq, Belarus, Burundi, Syria, and Lebanon. Residents of some states in the United States are also restricted from accessing the platform’s services.
CoinZoom is available in Android and iOS mobile apps. The platform’s services can also be accessed via the web.
Markets
CoinZoom offers spot trading and margin trading. CoinZoom spot allows users to trade the listed cryptocurrencies with their available account balance. Margin trade, on the other hand, allows users to trade on leverage. Traders can enjoy up to 5X leverage on certain cryptocurrency assets.
CoinZoom cryptocurrency exchange supports more than 40 top cryptocurrencies for trade. CoinZoom trading pairs include crypto-to-crypto and crypto-to-fiat markets. The platform has over 120 trading pairs.
CoinZoom launched its native token, ZOOM, in 2020. The digital token allows users to get discounts on trading, cashback, higher card spending limits, and other rewards. CoinZoom crypto price is available on the live exchange.
CoinZoom crypto exchange offers three trading dashboards suitable for users with varying levels of experience. CoinZoom mobile app allows users to buy, sell, and trade on the go. The dashboard also allows users to send crypto free. CoinZoom Pro Mobile App has a more advanced trading interface with over 100 technical indicators, a detailed order book, a detailed depth chart view, multiple order types, and a staking feature.
CoinZoom Advanced Trader dashboard is desktop-based. It is suited for experienced traders looking for more advanced trading features. The platform's order book supports Market orders and Limit orders. Market orders enable users to trade with the available market prices. On the other hand, the Limit order feature enables traders to customize prices for their orders.
Besides, there's also CoinZoom OTC (Over-the-counter) Desk that offers deep liquidity for users who want to execute large trades. The product offers private and personalized service to institutions and high-net-worth individuals needing to fill large orders. The OTC Desk trades in more than 140 markets.
CoinZoom exchange fees follow the maker-taker model for spot trades. CoinZoom crypto fees range from 0.18% to 0.36% for makers and from 0.22% to 0.44% for takers. The platform also has a VIP Reward Program that gives users discounts on these trading fees. The discount varies from 10% to 50% depending on the user's trade level.
Deposits and withdrawal fees depend on the payment method, and are as follows:
- ACH – Free for deposits;
- Wire (USD) – Free for deposits; $25 for withdrawals;
- Credit Card and Debit Card Deposit – 2.99%;
- CoinZoom Cash Deposits – 5.00%;
- CoinZoom Instant (Debit & Prepaid Card Withdrawal) – $1.50 or 1.50% (whichever is greater);
The platform also charges CoinZoom Visa fees for the product users. The fees are displayed on the platform’s website.
Other Services
CoinZoom Earn allows users to earn decent interest from their USD and cryptocurrency deposits. The product pays up to 7.50% on deposits. CoinZoom enables users to load up to $999 in cash to their CoinZoom account via 30,000 retail locations across the United States. The process is quick, taking less than 10 seconds.
CoinZoom Visa Card is another product by the crypto exchange. The card allows holders to easily spend their crypto, with a simple swap. Other benefits include earning up to 5% back on every purchase.
CoinZoom cryptocurrency exchange also offers ZoomMe, a product for cross-border money transfer. It supports both fiat and cryptocurrencies.
CoinZoom also offers an NFT platform for minting, buying, and selling NFT assets. The premium payment gateway supports multiple payment methods including debit cards, ACH, wire transfers, cash (though CoinZoom Cash), direct deposits, BTC, ETH, and more than 40 other world’s top cryptocurrencies.
CoinZoom crypto exchange also offers a Public API service to enable users to access the platform's data and services in real time. The product allows users to better their trading experience.
Lastly, there's CoinZoom Commerce, which is the exchange’s global pay-in, pay-out solution for multi-national companies. It enables users to instantly make payments to suppliers, customers, employees, and distributors with crypto and fiat free.
About the Company
CoinZoom was founded in 2018 by Todd Crosland. It is headquartered in Salt Lake City, Utah, United States. Since its founding, the company has recorded continued growth as a cryptocurrency exchange. CoinZoom exchange volume has been growing with the increasing number of traders on the platform. Daily CoinZoom volume for specific assets is available on the platform. The platform is still expanding its product offerings.
In March 2020, the platform was launched together with its native token ZOOM. CoinZoom is currently serving users in more than 192 countries, providing access to different financial products.
CoinZoom founder Todd Crosland is an experienced investor. He has demonstrated the ability to build successful teams and companies. He has a successful record of accomplishment of over two decades in financial services, investment banking, and venture capital.
