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Crypto

Exchange

CoinZoom

About Company

Overview

Information

Review

Summarization

CoinZoom

United States

2018 (7 Years)

27 Reviews

Good

3.00/5

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Security Information

5.00

Verification on TrustFinance

0.00

Traffic & Engagement

2.67

How our score system works?

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Security Information

FinCEN...

Regulated

Regulated By: United States

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Security Information

FinCEN...

Regulated

Regulated By: United States

What are the differences in regulations for each ?

CoinZoom Crypto Liquidity Provider Review

Overview and General Information

CoinZoom, founded in 2018 by Todd Crosland and headquartered in Salt Lake City, Utah, aims to provide a secure and user-friendly cryptocurrency trading environment with global reach. [1] Its mission is to facilitate seamless crypto transactions worldwide. A key aspect of CoinZoom's operation is its regulatory compliance. As a registered money services business through FinCEN, it adheres to stringent U.S. financial regulations. [1] This commitment to regulatory compliance is a significant factor contributing to user trust and security. The platform's dedication to transparency and adherence to legal frameworks establishes a foundation of credibility within the often volatile cryptocurrency market.

Products and Services Offered by CoinZoom Crypto Liquidity Provider

CoinZoom offers a diverse range of products and services designed to cater to both novice and experienced cryptocurrency traders. One of its core offerings is access to a wide variety of trading markets. Traders can access over 120 trading pairs, encompassing major cryptocurrencies and various fiat currencies. [1] This extensive selection provides users with ample opportunities to diversify their portfolios and engage in strategic trading activities. Beyond traditional trading, CoinZoom provides several innovative services that enhance user experience. The CoinZoom Visa Card is a noteworthy feature, enabling users to seamlessly convert their crypto holdings into US dollars for spending at over 53 million merchants globally. [1, 4] This functionality bridges the gap between the digital and traditional financial worlds, offering a practical application for cryptocurrency holdings. The card's widespread acceptance in 192 countries highlights its global accessibility and utility. ZoomMe, CoinZoom's fee-free instant money transfer service, facilitates quick and cost-effective transactions within the platform's ecosystem. [1] This internal transfer system simplifies the movement of funds, minimizing friction for users engaged in frequent trading or transfers. The CoinZoom app, designed for both beginners and experienced traders, combines low fees with essential trading tools. [1] The app's user-friendly interface and comprehensive features make it an attractive option for individuals of varying technical expertise. Furthermore, CoinZoom allows users to earn interest on their cryptocurrency holdings, providing an additional avenue for generating passive income. [1] This interest-earning feature complements the platform's existing services, offering users a comprehensive suite of financial tools. The platform also supports peer-to-peer cryptocurrency transfers, allowing users to directly transact with each other, enhancing flexibility and convenience. [1]

Product Features and Conditions

CoinZoom prioritizes robust security measures to safeguard user assets. [1] These measures, coupled with low fees and multiple access methods for digital assets, contribute to a secure trading environment. The platform's commitment to security is crucial in building trust and confidence among its users, mitigating risks associated with cryptocurrency trading. The emphasis on multiple engagement methods further enhances user control and security, allowing individuals to choose the method that best suits their preferences and security needs. Market liquidity is another crucial aspect of CoinZoom's functionality. The platform maintains sufficient liquidity to ensure the efficient execution of trades at competitive prices. [1] This is especially advantageous for high-volume traders who can benefit from the platform's readily available order books and market rates. The 24/7 availability of these features emphasizes CoinZoom's commitment to providing uninterrupted access to trading opportunities.

Contact Channels and Customer Support

CoinZoom offers comprehensive support through its help center and customer support services, although specific contact methods like phone, email, and chat aren't explicitly detailed on readily accessible sources. [1] The absence of clearly listed direct contact information may be a minor drawback for some users. However, the availability of a robust help center can potentially mitigate this issue by offering self-service solutions to common queries. The platform's online-only nature means that there are no physical branch locations. [1] While this might limit in-person support options, it aligns with the prevalent online nature of cryptocurrency exchanges.

Pros and Cons of CoinZoom Crypto Liquidity Provider

Pros

* **User-Friendly Interface:** CoinZoom’s platform is designed for ease of use by both beginners and experienced traders, offering a range of tools and resources catering to different proficiency levels. [1] * **Global Reach:** Available in over 169 countries, CoinZoom facilitates seamless crypto transactions worldwide. [1] This extensive global reach is a significant advantage, making it accessible to a vast user base. * **Robust Security Measures:** The platform’s emphasis on security, combined with low fees and varied asset engagement methods, builds user confidence. [1]

Cons

* **Limited Information on Specific Fees:** While the platform mentions low fees, precise details on specific fee structures (e.g., maker and taker fees) are not readily available in the primary sources consulted for this review. [1, 4] The lack of transparent fee information could be a deterrent for some traders who prioritize detailed fee comparisons. * **No Derivatives Trading:** CoinZoom currently does not offer derivatives trading services. [4] The absence of derivatives trading limits the range of trading strategies available to users.

Summary of CoinZoom Crypto Liquidity Provider Review

Who is it Best Suited For and Why?

CoinZoom is well-suited for both beginner and experienced traders due to its user-friendly interface and comprehensive tools. [1] Its global reach makes it particularly attractive to users worldwide. [1] The combination of accessibility and global reach makes it a versatile option for a broad spectrum of users.

Final Thoughts on Value and Choosing the Company

CoinZoom offers a secure and user-friendly trading environment with a strong value proposition. It bridges the gap between traditional finance and the digital asset space with a suite of financial tools. [1] The platform's combination of security features, user-friendly design, and diverse service offerings positions it as a strong contender in the cryptocurrency exchange market. For those seeking a secure and convenient platform with robust security measures and a variety of integrated financial tools, CoinZoom is a worthy consideration.

Frequently Asked Questions about CoinZoom Crypto Liquidity Provider

**What Coins Does CoinZoom Support?** CoinZoom supports a range of popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Basic Attention Token, and others. [2, 5] The platform's selection of cryptocurrencies is constantly evolving, so it's best to check the platform directly for the most up-to-date list. The over 120+ trading pairs, including major cryptocurrencies paired with various fiat currencies, offer diverse trading opportunities. [1]

References

[1] https://coinpaper.com/3233/coin-zoom-review-navigating-features-of-a-rising-crypto-exchange [2] https://support.coinzoom.com/en/support/solutions/folders/43000585909 [4] https://gainium.io/exchange/coinzoom [5] [Insert a relevant URL providing information on supported cryptocurrencies if available. This reference is missing from the original prompt]