Zoomex OctochainFintechLimited
Zoomex Exchange Review . A Safe Platform for Crypto Trading and Investments.
Zoomex is a Singapore-based cryptocurrency exchange known for its user-friendly services aimed at beginners and its robust security measures. It offers a variety of trading options including spot and derivatives trading, with the ability to purchase cryptocurrencies directly using traditional payment methods like credit cards and bank transfers. Zoomex provides advanced trading functionalities such as copy trading and supports both cross and isolated margin modes for derivatives. The exchange operates under stringent financial regulations in the USA and Canada, ensuring a secure trading environment. Additionally, Zoomex has incorporated a decentralized exchange (DEX) platform, allowing users to trade directly from external wallets.
Start trading on Zoomex today and experience a secure, user-friendly platform with a variety of crypto trading options!
| Feature | Description |
|---|---|
| Foundation | Established in Singapore, 2001 |
| Regulation | Regulated under US and Canadian financial laws |
| Trading Options | Spot trading, derivatives, copy trading |
| Payment Methods | Credit cards, bank transfers |
| Security Features | Multi-signature wallets, cold and hot storage systems |
What is Zoomex?
Zoomex, a cryptocurrency exchange, was established in Singapore in 2001.
This cryptocurrency exchange, Zoomex, often makes headlines with its activities such as having celebrities as ambassadors, collaborations with popular manga investor Z, and sponsoring trade contests by Bybit.
With Zoomex, even traders who are new to cryptocurrencies or do not own any can start trading immediately today.
Is Zoomex Suspicious and Dangerous? Is it a Scam?
Zoomex is a cryptocurrency exchange that is registered for business under the financial regulations of the USA and Canada.
- Money Services Business (MSB) / US MSB License
- Regulatory Authority: Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury
- Money Services Business (MSB) / Canadian MSB License
- Regulatory Authority: Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
- Money Services Business (MSB) / US NFA License
- Regulatory Authority: National Futures Association (NFA)
Zoomex secures traders’ assets safely using a multi-signature and a system of cold and hot wallets.
Types of Cryptocurrency Services at Zoomex
Zoomex, a cryptocurrency exchange, offers services that allow even traders who do not yet own any cryptocurrencies to get started.
- Purchasing cryptocurrencies via card payments or bank transfers
- Buying and selling cryptocurrencies (spot trading)
- Leveraged trading of cryptocurrencies (futures trading)
- Automated trading of cryptocurrencies
While Zoomex does not offer advanced services such as staking for experienced cryptocurrency users, it provides popular services for all traders.
What Does ‘Purchasing Cryptocurrencies’ at Zoomex Mean?
At Zoomex, even traders who do not yet own cryptocurrencies can start trading.
Through ‘Purchasing Cryptocurrencies’ at Zoomex, you can buy Bitcoin, Ethereum, or USDT (Tether) using payment methods like VISA or Mastercard credit cards, or bank transfers.
Purchase Cryptocurrencies Here
Cryptocurrencies You Can Buy at Zoomex and Payment Methods
At Zoomex, anyone can easily buy cryptocurrencies through the ‘Purchasing Cryptocurrencies’ menu.
| Service | Purchasing Cryptocurrencies |
|---|---|
| Cryptocurrencies You Can Buy | Bitcoin Tether / USDT Ethereum |
| Payment Methods | Credit Card Bank Transfer |
You can buy cryptocurrencies in amounts as low as a few thousand within minutes at Zoomex’s ‘Purchasing Cryptocurrencies’.
The cryptocurrencies bought through Zoomex’s ‘Purchasing Cryptocurrencies’ will be reflected in your ‘Assets’.
Purchase Cryptocurrencies Here
What is ‘Slash Deposit (USDT)’ at Zoomex?
At Zoomex, you can make deposits using the web3 payment service ‘Slash’.
If you do not use Slash, please first purchase cryptocurrencies through Zoomex’s ‘Purchasing Cryptocurrencies’ and then deposit into Zoomex.
What is ‘Market Information’ at Zoomex?
At Zoomex, the market information service allows you to check the charts and latest prices for each cryptocurrency.
If you are new to cryptocurrencies, start by checking the US dollar price of Bitcoin in the ‘Inverse Perpetual Contract’ for ‘BTCUSD’.
Check the Latest Price of Bitcoin Here
What is ‘Spot Trading’ at Zoomex?
At Zoomex, you can buy and sell cryptocurrencies through spot trading.
| Service | Trading Mechanism |
|---|---|
| Spot | You can decide the amount such as $100 or 1 BTC, buy cryptocurrencies, and hold or sell them |
| Derivatives | You can trade with a fraction of the actual price of the cryptocurrency, such as 1/100th, by applying leverage |
While Zoomex’s derivatives offer the advantage of trading many times more than your own funds through leverage, there is also the risk of losing many times more quickly.
Zoomex’s spot trading allows trading only up to the amount of your own funds, providing a low-risk way to start with cryptocurrencies.
How to Buy Bitcoin in Spot at Zoomex
If you are new to cryptocurrencies, place a buy order for Bitcoin (BTCUSDT) in spot at Zoomex.
At Zoomex’s spot, you can buy and sell about 50 types of cryptocurrencies.
Trading Fees for Bitcoin Spot at Zoomex
When buying or selling cryptocurrencies in spot trading at Zoomex, a 0.1% trading fee is automatically deducted.
| Trading Fee | Zoomex Spot |
|---|---|
| Maker Fee | 0.1% |
| Taker Fee | 0.1% |
At Zoomex’s spot, the trading fee is automatically deducted when you finish the transaction (settle the order).
What are ‘Derivatives’ at Zoomex?
At Zoomex, you can trade cryptocurrencies with leverage similar to FX, allowing you to trade with small amounts.
Zoomex’s maximum leverage is 150 times.
In Zoomex’s derivatives (derivatives trading), you can trade cryptocurrencies for 1/150th of their actual price.
Difference Between Perpetual USDT and Inverse Perpetual at Zoomex
At Zoomex, you can engage in two types of derivatives trading: Perpetual USDT and Inverse Perpetual.
| Derivatives Trading | Meaning |
|---|---|
| Perpetual USDT Contract | You can trade cryptocurrency pairs denominated in USDT. You can trade with high leverage of up to 150 times |
| Inverse Perpetual Contract | You can trade cryptocurrency pairs denominated in USD. The leverage is lower than Perpetual USDT, up to 100 times |
If you find USDT (Tether) confusing, trading in Zoomex’s Inverse Perpetual with pairs like BTCUSD is recommended.
If you are attracted to the high leverage and the ability to trade more cryptocurrencies than in Inverse Perpetual, then Perpetual USDT is recommended for you.
Difference Between ‘Cross’ and ‘Isolated’ Margin Modes at Zoomex
When adjusting leverage in derivative trading at Zoomex, you choose a margin mode.
| Margin Mode | Meaning |
|---|---|
| Cross | There is no limit on the funds consumed in trading. Trading can continue until the funds are completely depleted |
| Isolated | The funds consumed in trading are limited. Even if you lose, you can set it so that some funds remain |
If you are new to cryptocurrency derivatives trading at Zoomex, it’s okay to start with the default setting of ‘Cross’.
What is ‘Copy Trading’ at Zoomex?
At Zoomex, you can also engage in automated trading through copy trading.
Zoomex’s copy trading is not guaranteed to always be profitable (always earn money), so careful judgment is needed when following.
What are ‘CEX’ and ‘DEX’ at Zoomex?
Zoomex now also allows trading on a new DEX.
| Zoomex | Meaning |
|---|---|
| CEX | A trading platform where you can trade cryptocurrencies using the funds you hold at Zoomex |
| DEX | A trading platform where you can trade cryptocurrencies using funds held in external wallets like MetaMask, not at Zoomex |
If you are new to cryptocurrencies, it is recommended to start with Zoomex’s default setting of CEX.
Choose Between CEX and DEX Here
FAQs
- What is Zoomex?
- Zoomex is a Singapore-based cryptocurrency exchange offering a variety of trading services and is known for its robust security measures.
- Is Zoomex safe and regulated?
- Yes, Zoomex is registered under the financial regulations of the USA and Canada, ensuring a high standard of security and compliance.
- What trading options are available at Zoomex?
- Zoomex offers spot trading, derivatives, and copy trading, catering to both novice and experienced traders.
- Can I buy cryptocurrencies directly on Zoomex?
- Yes, Zoomex allows users to purchase cryptocurrencies such as Bitcoin, Ethereum, and USDT using credit cards and bank transfers.
- What are the advantages of trading on Zoomex?
- Zoomex provides user-friendly services for beginners, advanced trading tools for experienced traders, and high security for all users.
- What is the ‘Slash Deposit’ feature at Zoomex?
- ‘Slash Deposit’ at Zoomex allows users to make deposits using the web3 payment service ‘Slash’, simplifying the process of adding funds.
- What is copy trading at Zoomex?
- Copy trading at Zoomex allows users to automatically replicate the trades of successful traders, offering a potential passive income stream.
- What is the difference between CEX and DEX at Zoomex?
- CEX refers to a centralized platform operated by Zoomex, while DEX allows trading directly from external wallets such as MetaMask.
- What are the trading fees at Zoomex?
- Zoomex charges a low trading fee of 0.1% for both maker and taker transactions in spot trading.
- How can I start trading at Zoomex?
- You can start trading at Zoomex by signing up on their official website, verifying your account, and making a deposit.
Table of Contents
Zoomex Ratings And Reviews
Zoomex's Rate
Zoomex Company Profile
Explore Zoomex, a regulated crypto exchange offering spot and derivatives trading, secure wallet options, and beginner-friendly services.
| Regulations & Licenses | None |
|---|---|
| Company | OctochainFintechLimited |
| Founded | 2021 (4 years) |
| Country Base | Singapore |
| Headquaters | Singapore |
| Traders Rating | |
| Supported Platforms | |
| Maximum Leverage | 100:1 * |
| Crypto-Currencies | Not Available |
| Negative Balance | Offer Negative Balance Protection |
| Deposit Methods | |
| Withdrawal Methods |
Disclaimer about leverage:
Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.
