CoinZoom is a regulated, centralized cryptocurrency exchange that allows users to buy, sell, trade, and earn interest on cryptocurrencies.
It offers middle-of-the-road fees compared to other exchanges, with discounts based on trading volume.
The trading experience is fairly basic and could be ideal for beginner and intermediate traders, but advanced users that want access to margin, futures, and more order types will want to look elsewhere.
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Regulated byFinCEN
CoinZoom is a centralized cryptocurrency exchange for buying, selling, and trading cryptocurrency.
This exchange also offers “CoinZoom Earn” allowing users to earn interest on select deposited cryptocurrencies.
CoinZoom currently supports over 40 cryptocurrencies, which is fewer than many competitors, but more digital assets are being added regularly.
CoinZoom is a fiat onramp, meaning users can purchase crypto with national currencies, such as the U.S. dollar.
It also supports crypto-to-crypto trading, allowing users to exchange one crypto for another.
Additionally, CoinZoom offers a full-service trading desk available to institutional traders, offering API access to trading, and over-the-counter (OTC) trades for larger purchases.
Visa Direct Withdrawal
CoinZoom offers some popular cryptocurrencies on its platform including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Polkadot (DOT).
There are over 40 cryptos supported, which is a smaller selection than many other exchanges.
All available assets on CoinZoom can be found on its Prices page.
CoinZoom does not currently support popular coins such as Ripple (XRP), Cardano (ADA), Solana (SOL), or Avalanche (AVAX).
CoinZoom offers a basic trading experience, with candlestick charting, multiple order types (market, limit, stop), and live order books.
There are a few advanced charting tools available, including annotation and indicators.
Users can select an asset to buy or sell, create an order, and submit it to place a trade.
CoinZoom also pays interest on supported coins held on its exchange, as long as a user opts in to the "CoinZoom Earn" service.3
This exchange also allows users to send each other crypto directly with no fees.
CoinZoom charges reasonable fees for transactions, including buying, selling, and trading crypto.
There are also network fees for withdrawing crypto off the platform to an external digital wallet.
Crypto and fiat currency deposits are free, except for debit card deposits, which come with a 2.99% fee.
CoinZoomTrading Fees
CoinZoom uses a maker-taker fee model for trades on its platform.
4 A trade is considered a ‘taker’ if it is executed immediately, and is considered a ‘maker’ if it can’t be executed immediately and gets added to CoinZoom's order book.
In general, market makers are charged less than market takers.
CoinZoom offers discounts for users that hold ZOOM tokens, up to 50% off transaction fees.
Here’s a breakdown of the trading fee discounts for ZOOM token holders:
CoinZoom also charges fees for withdrawing crypto from its platform, but these are based on the crypto being transferred, and the current fees being charged by the network.
CoinZoom offers basic security features, including multi-factor authentication and cold storage of digital assets.
CoinZoom partners with Genesis and Prime Trust
Here are a few of the security features offered by CoinZoom:
Buy, sell, trade, earn or send over 40 cryptocurrencies with our secure app.
Exchange your crypto coin to a fiat on a Visa card to pay for your purchases.
To sign up for a CoinZoom account, users will need to provide an email address and a password.
After verifying your email address, you can secure your account with two-factor authentication using Google Authenticator.
Before buying or selling crypto on CoinZoom, you will need to verify your identity.
This means providing a picture of a government-issued photo ID, as well as verifying your location (using a utility bill or other address identifier).
Once verified, you can connect a bank account (via wire or ACH) or debit card to make crypto purchases.
You can also deposit crypto onto CoinZoom for trading or earning interest.
Invest in crypto, earn crypto.
Utilize CoinZoom Earn and receive up to 10% APY on your cryptocurrencies.
Earn interest on over 40 coins.
CoinZoom Earn is an investment tool that allows users to earn interest on crypto and USD holdings.
Users can view their earned interest balance at any time on the Portfolio section of the CoinZoom platform.
Earned interest is accrued daily and paid out once a month.
Quickly transfer funds to your crypto wallet using a debit card, ACH, bank wire transfers, or 40 of the best cryptocurrencies including Bitcoin (BCH), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Paxos (PAX), and NFT tokens including Chiliz (CHZ), Decentraland (MANA), Enjin (ENJ).
Thee are no Cash Rewards Back for gift card purchases.
Card Rewards Back: Cardholders will receive 1% – 5% in Card Rewards (ZOOM tokens) for qualifying purchases, depending on the number of ZOOM tokens they maintain in their accounts at the time of each purchase.
Qualifying purchases exclude MCC Code 6011 (ATM Transactions), and MCC Code 6012 (Financial Institutions Payments).
Get up to date with the latest Coinzoom company news and product updates.
Learn how to get started with crypto or get additional insights into the market here.
CoinZoom offers online support via its help docs, but it also provides 24/7 human support via live chat.
This is rare among crypto exchanges, as many don’t offer live chat and typically have strict business hours.
CoinZoom also offers email support, and some support over social media, such as its Twitter account.
Overall, CoinZoom provides stronger customer support than many other crypto exchanges.