Zoomex Review – The Best Crypto Futures Trading Exchange in 2024?

Zoomex is an exchange specializing in futures trading, offering leverage up to 150x. You can adjust leverage to match your individual trading preferences and risk appetite. With robust liquidity and fast execution speed, Zoomex ensures a seamless and flexible trading experience without any interruptions. 

Now, let’s take a deep dive into this platform to help you fully understand Zoomex and all it has to offer, enabling you to make an informed decision before you commit your time and money to it. So, let’s get started with this Zoomex review.

Our Zoomex Review Summarized

Established in 2021, Zoomex is a crypto exchange platform with millions of registered users and serves over 30 countries worldwide. As the crypto market grows and evolves, Zoomex emerges as a one-stop service for both centralized and decentralized users.

Here’s a list of key features that Zoomex offers:

• Competitive fees
• Offers both a CEX and DEX
• 300+ perpetual contracts 
• High leverage to amplify profit potential 
• Less than 10ms total trading interface latency
• Copy trading with one-click and customize option
• Trading arena offering BTC, ALT, and AI indexes

Zoomex Exchange at a Glance

Which Cryptos does Zoomex Offer?

At Zoomex, you can trade a wide range of crypto assets ranging from major cryptocurrencies like BTC, ETH, and BNB to popular meme coins like DOGE, PEPE, and SHIB. Other cryptocurrencies available at Zoomex include ONDO, MNT, CAKE, FTM, RNDR, LDO, WLD, ARB, OP, INJ, MATIC, WOO, and more.

In total, the platform supports spot trading for over 50 cryptocurrencies and futures trading for more than 300 crypto assets, continually expanding its selection with recent additions like NOT, BRETT, and RADIUM. 

While these numbers may be slightly lower than those of more established platforms like Binance, Bybit, and KuCoin, these competitors have been in the market for a longer period and naturally feature a much larger selection due to the frequent launch of new tokens. However, Zoomex still provides a substantial range of cryptocurrencies for trading and investing.

Additionally, Zoomex offers its users different indexes—BTC, ALT, AI, and QUICKLER—to diversify and broaden market exposure.

Zoomex Fees and Costs Explained

Fees play a crucial role when trading any asset or selecting an exchange, as they can eat into profits. 

At Zoomex, trading spot markets involve a maker and taker fee rate of 0.1% each, in line with industry standards set by exchanges like Binance and Gate.io. The trading fee is charged based on the purchased crypto, but canceled orders or unfilled parts of orders don’t incur a fee.

For derivatives trading, Zoomex charges a maker fee of 0.02% and a taker fee of 0.06%. This is slightly more expensive than Binance, which charges a maker fee of 0.02% and a taker fee of 0.05% for a 30-day trading volume under $1.5 million. However, for trading volume on Zoomex that exceeds or equals $5 million, the taker fee is reduced to 0.036%.

Futures trading at Zoomex also involves funding rates, which consist of the interest rate for borrowing the currency and the premium index, settled three times every day.  

Zoomex Futures Trading

As a specialized futures trading platform, Zoomex offers a diverse range of features.

For starters, the exchange supports a significantly broader range of crypto assets for derivatives trading than for spot trading. This list is regularly updated, with the latest additions being GME, MOG, NOT, BEER, and BABYDOGE. 

Additionally, traders can leverage their positions up to 150x on Zoomex, although this varies by asset. It also provides K-line charts, known as Candlestick charts, which ensure a stable and fluid trading experience.

Primarily, Zoomex supports USDT perpetual contracts, while inverse perpetual contracts are only available for BTC, ETH, XRP, and EOS, traded and settled with the underlying asset (coin used as collateral). Here, major cryptocurrencies such as BTC and ETH are tradable at 100x leverage, while XRP and EOS are available at 50x.

CEX and DEX

To capture increased demand and expand its user base, Zoomex supports both the CEX and DEX platforms. The CEX platform functions like any other traditional crypto exchange, while the DEX requires users to connect their wallets first. Supported options at Zoomex include Coinbase Wallet, WalletConnect, imToken, and Metamask. 

The derivative DEX provides high order book liquidity with minimal transaction slippage, leverage up to 150x, and an easy and fast trading experience. Additionally, the platform employs privacy technology to ensure transactions and user data remain untraceable. In this way, Zoomex provides a one-stop service for centralized and decentralized users.

Copy Trading 

For beginners, Zoomex’s copy trading feature offers the perfect opportunity to learn from more experienced traders with a proven track record of profitable trades. With just one click, users can copy the investment strategy of a top investor and potentially realize profits. 

To help users find the best trader to follow and copy, Zoomex provides a long list of traders to choose from, each displaying their weekly win rate, profit, number of followers, and followers’ profit gain. This setup allows users to make an informed decision to begin their successful trading journey and join a community of investors who grow together.

Zoomex offers two options: one-click follow, where you replicate everything the order taker does, including trading pair, margin settings, leverage, trade direction, stop loss, take profit, and more, or customize where you are free to set your own parameters such as fixed margin and leverage.

The copy trading feature supports all USDT futures trading pairs and offers leverage of up to 30x. The maximum amount that can be invested in copy trading, meanwhile, is $50,000. Users are not required to undergo the KYC procedure to utilize this feature. As for the fees, the same rates apply as those incurred on its derivatives platform.

Zoomex’s copy trading feature also presents a lucrative opportunity for professional traders, who can apply to become a trader. To do so, create a personal profile with a detailed trading strategy and start creating orders. As a master trader, you can earn up to 10% of the net profit earned by your followers, with settlements made daily.

Gaming Section

Another feature you can enjoy at Zoomex is its gaming division, which offers several earning opportunities. Currently, you can play the online multiplayer crypto game ‘To The Moon,’ which features an ever-increasing curve that can crash at any moment, adding thrill and excitement. It boasts of maximum winnings of 5000X return.

The USDT treasure hunt is another active event at Zoomex’s gaming center. Here, you can deposit up to 0.1 BTC and earn 100 treasure tickets each time you invite a friend to register or participate in a treasure event. Moreover, you receive 100 Treasure Coupons for every 1000 USD deposited and earn 100 Treasure Tickets for every 20,000 USD transaction. To maintain fairness in the game, Zoomex has capped the total number of treasure tickets or coupons you can accumulate at 1000.

Zoomex Bonuses & Rewards

Bonuses make the trading experience even more exciting, and Zoomex offers them in abundance. To attract users and compete with other exchanges, the platform features attractive and unique rewards, beginning with a $45,115 USDT reward for new users.

To qualify, first, create an account using your email ID or mobile number and set your password. Then, a first-time deposit of $500 will earn you $10, along with exclusive offers once you start trading. As your trading volume increases, you can achieve VIP status, which includes benefits such as lower contract fees, higher withdrawal limits, monthly bonus rewards, ultra-high wealth management returns, dedicated live chat support, and invitations to partner events.

This is just the beginning; Zoomex is always running interesting campaigns to reward its users. For instance, it recently concluded the ‘Football and BullRun’ promotion, where participants had to predict the winners of the Euro 2024 to get a share of 500,000 CHZ airdrop.

Currently, traders have the opportunity to participate in the Z-Challenge, which has a $2 million prize pool. Series one of the challenges will last until June 25 and requires contract account net assets of at least 100 USDT.

Additionally, among its various reward programs, Zoomex is offering an enhanced funding promotion to boost traders’ capital. Starting from May 9th, 2024, 10:00 AM and running until Oct 6th, 2024, 10:00 AM (UTC), this promotion requires participants to verify their capital, maintain a minimum balance of 500 USDT, and offer bonus funds at an annualized interest rate of 20%.

Participants must submit an application and can apply for up to 2x their available USDT balance. The campaign offers options for 7-day and 30-day repayment periods, and users have the flexibility to make early repayments if they wish. The promotion is open to all, with no KYC required, making it accessible to a wider audience.

How Safe is the Zoomex app?

Zoomex’s copy trading app is compatible with Apple and Android devices and can be downloaded from their respective stores. On Google Play, Zoomex has achieved over 500,000 downloads.

The exchange app is pretty clean with all the important features available right there on the main screen. This includes invites, rewards, leaderboard, copy trading, deposit, buy crypto, exchange, and P2P. Right there on the front page, you’ll also find coins based on different categories: hot, new, price increases, price decreases, and volume. For added convenience, the app allows users to switch between night and day modes.

The Zoomex mobile app allows you to trade crypto on the go with ease by offering all the features available on the desktop version.

Zoomex Staking Features

In the crypto space, staking is available for Proof-of-Stake (PoS) crypto assets, where blockchains reward token holders for locking up their coins to support the network. While PoS tokens like ETH and SOL often feature in these activities, crypto exchanges also offer yields on Bitcoin and stablecoins via various options such as loans and structured products.

Zoomex, however, does not support staking for any crypto asset, including the popular ones like Ethereum. Instead, Zoomex periodically offers promotional campaigns that allow users to amplify their funds. For example, in late 2023, Zoomex ran a 100% APY staking CASH rewards campaign. Following that, in March 2024, it launched another campaign offering 100% APY to multiply wealth.

To participate, users must first register for the campaign. The net deposit amount during the registration period serves as the eligible initial capital. Throughout the holding period, users are allowed to trade and top up their accounts with additional deposits, although withdrawals are prohibited.

To qualify for this campaign, participants must achieve a trading volume of at least $100,000K. Despite the promotions promising a 100% APY, the maximum cash reward a user can receive is capped at 1000 USDT.

In short, while staking is popular on other crypto exchanges and a great way to earn passive income, Zoomex does not offer traditional staking. Nevertheless, its promotional campaigns with 100% APY and cash rewards present attractive opportunities for users looking to increase their holdings.

Zoomex Supported Payment Methods? 

When it comes to fiat currencies, Zoomex supports a wide range of currencies, including EUR, JPY, USD, HKD, CHF, CAD, NGN, RUB, GBP, TRY, VND, and many others through Express. In total, 15 fiat currencies and 3 cryptocurrencies are supported.

Express is a popular crypto feature that facilitates fiat on-ramps. It allows users to accept payments through one-click buttons, including Link, PayPal, Apple Pay, Google Pay, and Amazon Pay.

Zoomex utilizes services like Onramper, LegendTrading, OnlinePay, Onramp, and TransG to choose a payment channel. These services offer multiple third-party payment options, including Visa, Mastercard, bank transfer, Wire, ACH, Google Pay, and Apple Pay, as well as solutions like Topper, MoonPay, and Alchemy Pay.

While Zoomex does not charge users a transaction fee, these third-party fiat service providers do. 

Minimum Deposits & Withdrawal Times 

The minimum deposit on Zoomex varies depending on the cryptocurrency used. For Bitcoin, the requirement is 0.000015 BTC; for Ethereum, it is 0.0001 ETH; and for USDR, it is 0.1 USDT, regardless of the chain. 

For fiat deposits, the minimum requirement depends on the third-party service used. When using Zoomex’s ‘Buy Crypto’ option via Express, the minimum is typically equivalent to 30 in the selected fiat currency. 

In terms of withdrawals, Zoomex has relatively high limits. For example, for users without KYC verification, the limit is 100 BTC, and for those with KYC level 1, it is 200 BTC.

Withdrawals on Zoomex are designed to be fast, typically processed within 30 minutes.

Withdrawal fees, meanwhile, depend on the coin you want to transfer. However, Zoomex levies a fixed fee on all withdrawals. Additionally, the platform adjusts the miner fee to a higher level to accelerate withdrawal confirmation speeds. Currently, traders do not have the option to select withdrawal fees, though Zoomex is considering adding this feature in the future.

Zoomex Customer Support

Customer service is primarily available via email, with separate options for general support, affiliate inquiries, business consultation, and VIP service. Zoomex can also be reached via its social media, which covers Telegram, X (Previously Twitter), and Discord. While its Help Center can help with most issues, there is no live chat support.

Being a relatively new platform, Zoomex has a TrustScore of 2.5 based on 64 reviews on Trustpilot. While an extremely low score, it’s in line with other prominent players, with the largest crypto exchange, Binance, having a rating of just 1.5.

Is Zoomex Legit?

To ensure legitimacy, Zoomex has been actively applying for licenses from various countries and organizations. It currently holds the Canada MSB license from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

This license makes Zoomex regulatory compliant, enhancing consumer trust and confidence. It also provides the platform with increased credibility, broader market access and expansion, and a competitive edge.

To guarantee security, Zoomex employs multi-signature and cold/hot wallet systems to protect its user funds. The platform periodically upgrades its asset system to defend against external attacks. Additionally, it offers a DEX for customers concerned about centralized exchanges.

Our Verdict on Zoomex 

To conclude our Zoomex review, this crypto exchange platform offers users an easy and smooth way to start trading a wide range of coins. Besides spot trading, on Zoomex, users can trade futures on high leverage, copy trade successful traders, and enjoy several reward opportunities. 

By focusing on security, compliance, and quality trading services, Zoomex aims to become the leading exchange in the cryptocurrency sector. So, if you want to trade altcoin futures at competitive fees, try Zoomex today!

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