ZB.COM Review & Rating 2022
It is of course no secret to those involved in the industry and others who are enthusiastic about cryptocurrency that crypto exchanges up until now lack being regulated.
This, unfortunately, as much as gives a wider margin to them to work, it also on the other hand opens the way to scam and risky dealing, in the shade of absence of a clear, straightforward law labels to regulate that business and chase those who run such exchanges when they fail to meet the compliance labels. Hence, most of traders feel insecure in their trading, having concerns about whether they are opening their accounts with the right exchange or not.
For the above mentioned reasons, and since we are leading veterans in the cryptocurrency market, its exchanges and pertinent type of business, at AtoZ Markets, such exchanges are usually given a rigorous eye for study from the senior management to junior editors, before introducing interviews about them to our readers.
This comes from our high appreciation to the trust our readers put on us, which we exchange with our commitment to our honour in the market.
In this review, we talk about ZB.com. We will analyse one of the top 10 cryptocurrency exchanges.
Since traders have parted in two teams for this cryptocurrency exchange between with and against, here we are trying to answer the main question - "Is Zb.com scam or reliable? Can I trust Zb.com?
As a reminder, at AtoZMarkets, Cryptocurrency exchange reviews are not sponsored and they are personal opinions by the authors. If you are a trader, or investor and you want to share your opinion, please refer to our comments section below this review. Meanwhile, if you are from Zb.com and you would like to add comments please contact AtoZMarkets editorial team, though, we don't promise changing our opinion.
User Interface (UI)
Zb.com has a very simple user-interface and easy trade platforms. They have five major markets having a combined 211 coin pairs: QC market (65 pairs), ZB market (9 pairs), USDT market (67 pairs), BTC market (66 pairs) and PAX market (4 pairs) which can be traded on margin. Select from any pair you want to trade from any of the five markets or simply search for it by typing in the search space.
From the interface above, you can place an order to buy or sell the pair selected. To launch the chart of this pair for better analysis, click on ‘market chart’ and you will be directed to the platform below.
To the left, there is the main chart window and below it is the trade terminal which shows currently running trades and order histories.
The chat window can be customized. You can change the background colour, remove the default indicators and add yours. You can change from candle to line chart. You can switch between time frames from tick/1 minute to 1 week. To the right, is the ‘tick’ movement. How fast price has been changing in the smallest time frame.
ZB.com is a cryptocurrency exchange that was launched in China in 2017. This came after the ban of cryptocurrency trading and ICOs by the Chinese government. Despite the ban, the launch of ZB was surprising as it started operations in China. The company still stands till today, offering crypto-to-crypto exchange and crypto-to-fiat exchange services. Crypto-to-fiat is limited in terms of fiat currencies and it’s done customer to customer. On its website, the company offers its services largely to the Asian market and other traders all around the world. It’s ranked among the top 10 exchanges in terms of volumes on CoinMarketCap. Its website is available in Chinese and English languages.
Customer trust in the aforementioned exchange is boosting more within time, according to the studies AtoZ Markets conducted about the company.
The funds in the exchange's custody are usually secured, being kept with a reputable crypto exchange. The fact that they have not been hacked before and are ranked among the top 10 on Coin market Cap shows that they take fund security seriously. They are not regulated and didn’t explain clearly how they deal with fund security on their website but have proven to be solid on security. They also added two-factor authentication for logging into accounts and making transfers and withdrawals. Login codes can also be generated and sent to you by SMS or Email each time you log in. All these are security measures to secure your account and funds from unauthorized access.
ZB.com is safe. It has a good reputation as an exchange that has never been hacked before and it’s used by many traders and exchangers all over the world. The company is huge in terms of trade volume having been consistently ranked among the top 10 on Coin market cap
ZB.com does not charge any fees from deposit.
ZB.com Taker-Maker Fee Model
Taker and Maker fees exist in most crypto exchanges. Takers trade against the exchanger’s orderbook thereby taking liquidity away while makers add liquidity to the orderbook. The taker’s fee is therefore more than the maker’s fee. ZB.com uses taker-maker fee model below.
Trading on the ZB market attracts no fees at all whereas fees will be reduced by 50% if a trader pays his fee with ZB token.
ZB.com Trading Fees
Like many other exchanges, ZB.com also charges a standard 0.2% fee per trade. However, the fee can be reduced by about half if you pay these fees in the exchange’s own cryptocurrency known as ZB token. You must have at least 100 ZB tokens to activate this fee discount.
Funds can be easily withdrawn. Exchange your funds to any of Bitcoin and Ethereum and exchange directly to your local currency. This can be done through crypto-to-fiat exchangers. Zb.com also offer customer-to-customer (C2C) crypto-to-fiat exchanges.
Regulation and Fund Security
Zb.com is not regulated by any reputable agency like most crypto exchanges.
Deposits and Withdrawals
Though deposit fee is free, traders must pay for withdrawal fees which varies from one crypto to another. These fees are also reasonable. Bitcoin, Ethereum and Litecoin attract withdrawal fees of 0.001 BTC, 0.01ETH and 0.005LTC respectively. The following shows withdrawal fees for more cryptos.
ZB.com puts a daily withdrawal limit on its traders, though.
They have one of the best customer support services. They can be reached through Email addresses on their website. Aside this, they also offer live supports through their Telegram chat group. They also make regular updates on their Twitter page to inform users of latest developments.