ZB.COM Review 2020
ZB.com is a rather successful cryptocurrency exchange that was launched in 2017 shortly after the ICO ban in China. The launch of ZB.com caused quite a scene in the cryptocurrency space due to China’s harsh legal actions against cryptocurrencies. However, the exchange managed to launch and provide much-needed hope in the China cryptocurrency space.
The ZB.com exchange provides cryptocurrency exchange services for both cryptos to fiat and crypto to crypto trading pairs. Since their launch in 2017, ZB.com has climbed the ranks of cryptocurrency exchanges by volume and is now ranked among the top 20 cryptocurrency exchanges by volume. The exchanges headquarters are now located in Hong Kong where it’s safe from China’s harsh rules against cryptocurrency trading. However, the exchange is yet to be regulated, much like other cryptocurrency exchanges based out of Hong Kong.
The exchange primarily services Chinese and Asian investors and traders but accepts traders from all around the world and the website is available in both English and Mandarin. Now, let’s delve deep into the aspects that make up this cryptocurrency exchange and see what sets ZB.com apart from the competition and whether or not they can be trusted.
ZB.com features a very impressive web-based trading platform which is accessible in a couple of versions that are suited to both beginner and experienced cryptocurrency traders. The experienced exchange platform interface is one of the best trading interfaces in the industry. The charting looks great and traders have access to countless tools and technical indicators for charting analysis. The whole interface is very intuitive and even a beginner can appreciate the advanced trading interface for its sleek layout and understandability. The chart is located in the top left corner with the order book located to the right of the chart, and right below that is the order window where traders place their market orders. Limit and stop limit orders can be placed on the basic exchange interface. So, advanced traders will have to toggle between the two if they want to utilize all the advanced trading features.
ZB.com is strictly a cryptocurrency exchange and does not offer any other type of tradeable assets. That being said, there are various markets in which these cryptocurrencies can be traded. For instance, traders can exchange cryptocurrencies against QCash (QC), Tether (USDT), and Bitcoin (BTC). The total amount of cryptocurrencies available to exchange in these markets is around 40. However, this number changes from time to time as new cryptocurrencies are added or removed. Among these available cryptocurrencies are the top most sought-after coins, but the majority of coins are relatively unheard of and have low liquidity. Sometimes ZB.com features cryptocurrencies that are severely undervalued and are great buys for cryptocurrency traders.
ZB.com is very transparent with their fees as they are all clearly outlined in the fee section on the exchange’s website. The trading fee for all coins in all markets is 0.2% per trade. This is a very competitive rate and more than acceptable to many traders. Also, this fee can be cut in half if you pay the fee in the exchanges very own cryptocurrency token known as ZB coin. As for deposits and withdrawals, ZB.com does not charge any fees for deposits, but traders must pay a withdrawal fee which varies from crypto to crypto. For instance, the Bitcoin withdrawal fee is 0.0001 BTC, for Litecoin it’s 0.005 LTC, for Ethereum it’s 0.01 ETH. These fees are very reasonable and even considered low compared to much of the competition.
Security and Fairness
ZB.com is known as a safe and secure cryptocurrency exchange among members of the cryptocurrency community. The exchange implements the latest and greatest security measures to ensure users and their funds are kept safe. For instance, traders can implement Google Two-Factor-Authentication for logging into their account and making transfers and withdrawals. Also, email and SMS authentication can be enabled and also a transaction PIN which is different from your login password. All these security features help to secure trader’s accounts from unauthorized access and hacking attempts.
Customer service from ZB.com is available 24/7 via email and live chat. The support representatives are very quick to respond and helpful and informative with their responses. Also, clients can receive support via the websites help center. The help center has various information on several topics. Often times, users can find the answer to their question here before contacting support.
Pros and Cons
- Extremely easy to use and navigate
- High liquidity
- A wide variety of cryptocurrency assets
- Sophisticated and advanced trading platform
- Very low fees
- Not a regulated exchange
- No fiat currencies supported
Here are some of the most common questions that are asked about ZB.com crypto trading service.
Is ZB.com regulated?
No. ZB.com is not a regulated cryptocurrency exchange.
Where is ZB.com based?
ZB.com is based out of Hong Kong
How does ZB.com make money?
ZB.com charges market maker and taker fees for each trade transaction. As well, they charge withdrawal fees. Also, ZB.com has their own cryptocurrency called ZB Coin.
How do I deposit in ZB.com account?
ZB.com only accepts cryptocurrency deposits.
How do I withdraw money from ZB.com?
You can withdraw from ZB.com through sending your cryptocurrency to your personal wallet address.
Can I trade on ZB.com with my mobile device?
Yes, you can use your mobile device to trade on ZB.com through their downloadable mobile application.
Is ZB.com reliable?
ZB.com has proven to be a reliable and trusted exchange that has yet to be hacked.
Is ZB.com a scam?
No. ZB.com is a very legit exchange and is not a scam.
ZB.com is a competent cryptocurrency exchange that offers traders a wide variety of digital assets to exchange. The platform is highly advanced yet very user-friendly and incorporates two separate interfaces that are useful for both beginner and advanced traders. It’s unfortunate that the exchange does not support any fiat currencies for the purchasing and selling of cryptocurrencies. However, the performance and reliability of the exchange outweigh the fiat currency factor. ZB.com is an excellent cryptocurrency exchange for buying and selling lesser known cryptocurrencies as well as some of the major ones.
- Bitcoin Cash
- Ethereum Classic
- Cape Verde
- Sri Lanka
- United Kingdom
- Solomon Islands
- Trinidad and Tobago
- Burkina Faso
- Russian Federation
- Saint Lucia
- South Sudan
- Virgin Islands, British
- South Korea
- Saint Kitts and Nevis
- Saint Vincent and the Grenadines
- Vatican City
- Papua New Guinea
- Cote d'Ivoire
- Dominican Republic
- Bosnia and Herzegovina
- Equatorial Guinea
- Hong Kong
- Sierra Leone
- Saudi Arabia
- Cayman Islands
- Sao Tome and Principe
- Czech Republic
- United Arab Emirates
- Marshall Islands
- New Zealand
- Antigua and Barbuda
- Central African Republic
- San Marino
- Costa Rica
- El Salvador
- South Africa
- Isle of Man