CoinZoom Review

Hedge with Crypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for educational purposes only. Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.

Bottom line:

CoinZoom is a regulated crypto exchange in the United States and a good fit for crypto traders of all experience levels. There is an option to easily buy crypto with cash in-store at over 30,000 retailers, in addition to a dedicated trading terminal with advanced charting and risk management orders. There is also a margin trading platform for international users with up to 5X leverage. However, the trading fees of 0.36% (maker) and 0.44% (taker) are expensive but can be reduced by holding ZOOM tokens.

How We Rated CoinZoom

Review Criteria	Hedge With Crypto Rating
Features	4.3/5
Supported Fiat and Deposit Methods	3/5
Supported Crypto & Trading Pairs	3/5
Fees	3.8/5
Ease of Use	4.5/5
Customer support	3.8/5
Security Measures	4/5
Mobile App	4/5

CoinZoom At A Glance

Exchange Name	CoinZoom
Cryptocurrencies	Bitcoin, Bitcoin Cash, Ethereum, Litecoin, USDT, TUSD, USDC, PAX & 30 more
Margin Trading	Yes (up to 5X leverage)
Payment Type	Bank transfer, ACH, credit & debit cards & wire transfer
Trading Fee	From 0.20% (makers) and 0.26% (takers)
Deposit Fee	2.99% for credit card
TP/SL	Yes
Mobile App	Yes (Android and iOS)

CoinZoom Alternatives and Comparisons

EXCHANGE	CRYPTO ASSETS	TRADING FEES	RATING	PROMOTION	WEBSITE	REVIEW
Binance	385	0.1% (spot) and 0.02% / 0.04% (Futures)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	Up to $100 welcome bonus	Visit Binance	Binance Review
Kraken	222	0.16% (maker) and 0.26% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	None available at this time	Visit Kraken	Kraken Review
eToro	79	1%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.7 / 5	None available at this time	Visit eToro Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.	eToro Review

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

A Deep Dive Into Coinzoom

Institutional-Grade Trading Platform

CoinZoom offers institutional-grade trading to institutional and regular users who can benefit from multiple trading tools, including algorithmic trading, top crypto charting software and live order flow information. Providing services to consumers and institutional customers lets CoinZoom explore new opportunities and services across different markets.

CoinZoom AI Trade Alerts

CoinZoom provides an intuitive and easy-to-navigate user interface with over 100 charting tools to plot trading strategies and perform technical analysis. A unique feature of CoinZoom is a pattern recognition algorithm that triggers alerts based on popular technical chart patterns.

Convert Cash To Crypto Fast

CoinZoom provides an option for its users to convert cash into crypto. Users can purchase Bitcoin, USDT, Ethereum, and other assets on this exchange to fund their trading wallets. Coinzoom also supports fiat currencies such as USD, EUR, CAD, GBP, AUD, and CNY. There are multiple payment methods for purchasing crypto with fiat, such as bank transfers, credit/debit cards, ACH transfers, and wire transfers. Available options will differ from region to region.

CoinZoom Global Debit Card

Individuals who want to spend fiat and crypto can acquire CoinZoom global debit cards powered by the Visa network. The popular crypto debit card can be used to spend crypto at over 53 million in-store or online merchants. Several types of debit cards are on offer, such as increasing the daily limit, rewards, referral limits, and trading fee discounts.

ZoomME Remittance

The peer-to-peer fiat and cryptocurrency remittance system by CoinZoom lets customers send USD or crypto internationally with 0% fees. It operates similarly to Venmo but is focused on using and adopting digital assets. The crypto payment system holds financial licenses across the USA and Australia, and it will soon obtain an E-Money license in the EU region.

Verification & Limits

All CoinZoom accounts must be verified to trade crypto or deposit fiat currency to comply with International KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Once all the necessary information has been provided, the ID verification procedure for CoinZoom usually takes less than 24 hours to complete. A submission may be rejected, but that is common among all fiat-to-crypto exchanges and trading platforms.

Available Deposit Methods

Users can quickly and easily transfer fiat currency or crypto to CoinZoom once the account is verified. The funds are safely stored in a CoinZoom wallet, which can be used to trade digital assets. The available options to fund a trading account are:

• Transfer cryptocurrency from an external wallet
• Buy crypto with fiat currency using a debit card
• Perform a bank transfer (ACH) or international wire transfer

For large investments, using a wire transfer is the best way to buy cryptocurrencies, which can take 1 to 3 days to process, depending on the bank. Users who are looking to make a smaller, instant purchase and prefer convenience can use a debit card; however, it is limited to $500 per 24 hours.

Transferring digital assets from a hardware wallet is the best and cheapest deposit method. CoinZoom account holders can deposit funds by scanning a QR code or copying the unique wallet address. Transferring digital assets will require multiple network confirmations. Depending on which asset is transferred, the average speed to transfer crypto can range from a few minutes to an hour or longer. 

Trading Cryptocurrency

CoinZoom users can speculate on the fluctuating value of more than 23 cryptocurrency assets on the exchange, which is paired against USD, BTC, and Tether. The user interface is simple to use and closely resembles the appearance of the advanced trading platform, Kraken.

In our opinion, the user interface appears a little dated compared to other spot exchanges that we have reviewed. However, CoinZoom does offer dozens of charting tools and indicators to overlay on the charts to quickly perform technical analysis. Traders familiar with using TradingView charts and features will not find them on CoinZoom.

Traders can experiment with market positions using multiple order types such as limit, market, and stop-limit. All of these basic order types will help newcomers take their first steps in the crypto trading world. Overall, the design of CoinZoom's trading exchange is more suited to beginners looking to swap crypto for crypto or speculate against USD/USDT trading pairs. 

ZOOM Tokens Explained

The ZOOM token is the native currency of CoinZoom's ecosystem. It exists on the Ethereum blockchain network and adheres to the ERC-20 token protocol standard. ZOOM provides multiple benefits to holders of the token in return for supporting the growth of the company, which include:

• Trading fee discount of up to 50%
• Cryptocurrency staking bonuses
• ZoomMe Global Access
• Eligibility for future airdrops
• VIP-level enhancements for the CoinZoom Visa Card
• A bonus of up to 5% on all CoinZoom Visa Card purchases

Trading Fees

CoinZoom's trading fee is based on a maker-and-taker fee structure of 0.20% for makers and 0.26% for takers. The fees are competitive; however, it is not the cheapest crypto exchange in the US. By comparison, Kraken charges a trading fee that starts from 0.2% and reduces with trading volume. 

CoinZoom does not offer fee discounts for generating higher trading volume, however, users can reduce the trading fees depending on the number of ZOOM tokens held within the wallet. Token holders can obtain a trading fee reduction of up to 50%, which reduces the fees down to 0.10% and 0.13% for limit and market orders respectively. This is very competitive and comparable to larger exchanges such as Binance and Bittrex (read our full Bittrex review).

Deposit Fees

CoinZoom cryptocurrency exchange has zero deposit fees for crypto assets, ACH, and wire transfers. Users who fund an account with a debit or credit card are subject to a 2.99% fee based on the transaction amount.

Withdrawal Fees

Different fees will apply depending on which digital asset one transfers out of CoinZoom, yet they are all competitive with other platforms. Withdrawing cash via ACH transfers is free, whereas wire transfers are subject to a flat fee of $25. Crypto withdrawals will incur a standard blockchain network fee. For example, the fee to send Bitcoin is 0.0005BTC to another wallet.

The Mobile App Is Lacking

CoinZoom's mobile application is intuitive and responsible, allowing users to trade the crypto market. The app is available for both iOS and Android devices and includes most features found on the site's desktop version. The CoinZoom app has been downloaded 1,500 times on the Google Play store, a small sample size. The current user reviews show that the CoinZoom app has been rated 3.7/5 stars