ZBX

Overview of ZBX

ZBX is a virtual currency exchange based in Malta. It was founded in 2018. The exchange offers a wide range of cryptocurrencies, with over 50 options available for trading. The fees charged by ZBX vary depending on the trading volume and can be found on their website. Customers can make payments through bank transfers, SEPA, or debit and credit cards. The exchange provides customer support through email. Overall, ZBX provides a platform for users to trade virtual currencies with a variety of options and support available.

Pros and cons

Pros:

- Wide range of cryptocurrencies available: ZBX offers over 50 different cryptocurrencies for trading. This allows users to have a diverse portfolio and access a variety of investment opportunities.

- Multiple payment methods supported: ZBX supports various payment methods, including bank transfers, SEPA, and debit or credit cards. This flexibility makes it convenient for users to deposit and withdraw funds in a way that suits their preferences.

- A user-friendly interface can make it easier for both new and experienced traders to navigate the platform, execute trades, and manage their accounts.

Cons:

- Fees vary depending on trading volume: ZBX charges fees for trading activities, and these fees can vary depending on the volume of trades. This means that users who engage in higher volume trading may incur higher fees. It is important for users to be aware of the fee structure before trading.

- Customer support only available through email: ZBX offers customer support solely through email. While this allows users to reach out for assistance, the lack of other support channels, such as live chat or phone support, may limit the speed and efficiency of the support process. Users should consider this when seeking assistance from ZBX.

- ZBX is not regulated by any regulatory authority, which could pose a risk to traders who may not have the same level of protection as they would with a regulated broker.

Regulatory Authority

Operating without regulation, ZBX faces inherent risks that could impact its users. The absence of regulatory oversight may result in compromised security measures, leaving users vulnerable to cyber threats and fraud. Additionally, the lack of regulatory guidelines might lead to potential market manipulation, undermining the fairness of trading. Users could also experience difficulties in obtaining support and seeking resolution for any issues that arise. In essence, the absence of regulation poses significant uncertainties and risks for both the exchange and its users. It's crucial for individuals considering trading on platforms to conduct thorough research and due diligence to understand the potential risks associated with utilizing unregulated exchanges.

Security

ADMIN, ACCOUNTING & AML SERVICES

More than an exchange, ZBX is an AML business. AML solutions can be requested ad hoc, for clients who may require such data from their own regulator Client accounts have accounting solutions sufficient for audit purposes. PDF statements are downloadable and further admin tools, such as invoicing and tax modules, are available upon request.

SEGREGATION OF ASSETS

Asset segregation is essential for protecting clients assets. More simply put, this refers to “ring-fencing” client assets from company assets.

STABILITY

ZBX predominantly utilizes licensed UK, Swiss and US solutions, which in the long term should provide more stability to services as well as reduce systemic, financial, or political risks.

Cryptocurrencies Available

ZBX offers a wide range of cryptocurrencies for trading, with over 50 options available. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as lesser-known altcoins. The variety of cryptocurrencies available allows users to diversify their portfolios and take advantage of different investment opportunities.

In addition to cryptocurrencies, ZBX also provides other products and services. This includes features like spot trading, where users can buy and sell cryptocurrencies at the current market price. ZBX also offers margin trading, which allows users to trade with borrowed funds and potentially amplify their profits (or losses).

Furthermore, ZBX provides an API (Application Programming Interface) that allows users to integrate their own applications or trading bots with the exchange. This can be useful for traders who want to automate their trading strategies or build custom analytics tools.

Overall, ZBX offers a comprehensive platform for users to trade cryptocurrencies and access various features and services to enhance their trading experience.

Fees

The fee structure on the ZBX platform varies across different types of transactions. Crypto-to-crypto trading fees differ based on the specific tokens involved. For most tokens, excluding DUK+, both buyers and sellers are subject to a 0.5% trading fee. However, DUK+ token transactions have unique rules.Fiat-to-crypto trading maintains uniformity, imposing a 0.5% trading fee on both buyers and sellers. Meanwhile, IBAN-related fees vary. Concerning ZBX account fees, activation fees vary based on the account type.

The fee structure for different types of transactions on the platform can be summarized as follows:

IBAN FEES*

ZBX ACCOUNT FEES

Please note that the fees associated with Virtual IBAN payments may vary, specifically the fees charged by your financial institution or bank when depositing fiat currency into your Virtual lBAN account. These fees are determined by your bank's policies and fee structures, which are beyond our control.

Deposit & Withdrawal

The provided table presents an overview of various tokens' deposit and withdrawal statuses on the ZBX platform. It offers key details about each token, including their minimum deposit requirements, withdrawal fees, limits per withdrawal, and daily withdrawal limits. Notably, the table demonstrates that while some tokens are available for both deposit and withdrawal, others might have certain restrictions in place. For instance, EOS, QTUM, ABEY, and EVED have limited availability for withdrawals, while SOL and ADA are entirely closed for deposits.

Please note that this table is a summarized version and may not include all details. Always refer to the latest information on the platform for accurate and up-to-date fees.

How to open an account？

To verify your ZBX account to Tier 1 Level follow these steps:

1. Sign into your account using the credentials set on first-time registration. (https://www.zbx.com/user/login)

2. Once you sign in, click on the Account menu and select Security Center.

If you did not sign up with your phone number, first you need to verify your phone number by clicking the Authenticate button.

Follow the instructions to verify your phone number as indicated below.

Once the phone number is verified, you can now continue to the Tier 1 Verification.

3. Click on Identity verification from the Security Center to start the process.

This leads you to the Identity Verification Page where you can start the Tier 1 verification

4. Click Start Now to open the Tier 1 verification form.

• Here you are required to provide the below information

• Name and Surname

• Date of Birth

• Financial Interests

• Citizenship

• Place of Birth

• Home address and Country of Residence

5. Press Next to submit your details for verification

6. Once you receive a notification that your basic details have been verified, you can proceed to Tier 2

7. Click Start Now to open the Tier 2 verification form

Please fill in all the personal details required and upload the below documents required for the Proof of Address in the designated upload section:

• Bank Statement which is not older than 3 Months OR

• Utility Bill (example electricity bill) OR

• A recent correspondence copy to a central or a local government authority not older than 3 Months (example email) OR

• Police conduct certificate

Once all information has been entered and the required documentation has been uploaded please continue the User Verification Process as instructed from the mobile APP.

Educational Resources

ZBX provides educational resources and tools to support users in their trading activities. These resources include a knowledge base and frequently asked questions (FAQ) section, which offer information and guidance on various topics related to cryptocurrency trading.

Additionally, ZBX offers market analysis and research materials to help users make informed trading decisions. This includes technical analysis, market trends, and price predictions for different cryptocurrencies.

Furthermore, ZBX provides users with various trading tools and features. These tools include advanced charting capabilities, order types (such as market orders and limit orders), and real-time market data. These tools can assist users in analyzing market trends, executing trades, and managing their portfolios effectively.

Overall, ZBX aims to provide users with the necessary educational resources and tools to enhance their trading experience and empower them to make well-informed decisions.

Is ZBX a Good Exchange for You？

ZBX is suitable for various trading groups due to its range of features and services.

1. Experienced Traders: ZBX offers advanced charting capabilities, real-time market data, and various order types, making it ideal for experienced traders who rely on technical analysis and prefer sophisticated trading tools. These traders can take advantage of the platform's extensive cryptocurrency selection and market analysis resources to execute their trading strategies effectively.

2. Altcoin Enthusiasts: ZBX provides a wide range of cryptocurrencies, including lesser-known altcoins. This makes it attractive to enthusiasts who want to explore and invest in these alternative coins. The diverse selection allows them to diversify their portfolios and take advantage of potential growth opportunities.

3. Margin Traders: ZBX offers margin trading, which allows users to leverage their trades and potentially amplify their profits (or losses). This feature can be appealing to experienced traders looking to maximize their trading potential by borrowing funds to trade larger positions. However, it is important to note the risks associated with margin trading and to have a good understanding of leverage and risk management strategies.

4. Algorithmic Traders: ZBX's API allows users to integrate their own applications or trading bots with the platform. This feature can be beneficial for algorithmic traders who want to automate their trading strategies or develop customized trading tools. With the API, these traders can access real-time market data and execute trades programmatically.

5. Security-Conscious Traders: ZBX prioritizes security and implements various measures to protect users' funds and personal information. This can attract traders who prioritize the safety of their assets and value platforms with robust security protocols, such as encryption, secure socket layers, and offline cold storage wallets.

Regardless of the target group, it is always recommended for traders to conduct thorough research and analysis before engaging with any exchange. They should consider factors such as the exchange's reputation, regulatory status, fees, liquidity, and user reviews. Additionally, traders should be aware of the risks associated with cryptocurrency trading and implement proper risk management strategies.

Conclusion

In conclusion, ZBX is a virtual currency exchange that provides a platform for users to trade cryptocurrencies. The exchange offers a wide range of cryptocurrencies for trading, allowing users to diversify their portfolios. It prioritizes security by implementing measures such as encryption, secure socket layers, and offline cold storage wallets. Additionally, ZBX provides educational resources and trading tools to support users in making informed trading decisions. However, it is important to note that ZBX may not be suitable for all traders, as margin trading carries risks and unregulated exchanges may pose a higher risk. Traders should conduct thorough research and consider factors such as regulation, reputation, and fees before engaging with any virtual currency exchange.

FAQs

Q: What cryptocurrencies can I trade on ZBX？

A: ZBX offers over 50 cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, and Ripple, as well as lesser-known altcoins. This variety allows users to diversify their portfolios and explore different investment opportunities.

Q: What payment methods are supported by ZBX？

A: ZBX supports various payment methods, including bank transfers, SEPA, and debit or credit cards. These options provide flexibility for users to deposit and withdraw funds according to their preferences.

Q: Are there any educational resources available on ZBX？

A: Yes, ZBX provides educational resources and tools to support users in their trading activities. These include a knowledge base, frequently asked questions section, market analysis materials, and trading tools like advanced charting capabilities and order types.

Q: What target groups might find ZBX beneficial？

A: ZBX caters to different trading groups, including experienced traders who rely on advanced features and tools, altcoin enthusiasts seeking a diverse range of cryptocurrencies, margin traders looking to leverage their trades, algorithmic traders who want to automate their strategies, and security-conscious traders who prioritize platform security.

User Review

User 1: ZBX has been my go-to crypto exchange for a while now, and I must say, I'm impressed with its security measures. The platform prioritizes user safety with encryption, secure socket layers, and offline cold storage wallets. This gives me peace of mind knowing that my funds are well-protected. Additionally, the exchange is regulated by the Malta Financial Services Authority, adding an extra layer of trust and assurance. The interface is user-friendly and easy to navigate, making it a breeze to trade my favorite cryptocurrencies. The only downside I've experienced is the limited liquidity for some altcoins, which can result in slightly higher spreads. Overall, ZBX is a solid exchange with top-notch security and regulatory compliance.

User 2: I recently started using ZBX and I have mixed feelings about it. On the positive side, the platform offers a wide range of cryptocurrencies for trading, which is great for diversifying my portfolio. The customer support team is responsive and helpful in addressing my queries and concerns. However, I find the trading fees to be higher compared to some other exchanges I've used in the past. This can eat into my profits, especially for frequent traders. I also had some issues with the deposit and withdrawal speed, as it took longer than expected for my funds to be credited or debited. Overall, I appreciate the variety of cryptocurrencies available, but I hope to see improvements in the fees and transaction speed in the future.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.