Exchanges & BrokersNewsReviews

ZBG Review – Is ZBG Scam or Legit?

ZBG Exchange Rating
Conclusion
Read our ZBG review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this ZBG review before you sign up with the exchange.
Account Types
8.7
Trading Speed
9.4
Customer Service
9.2
Safety
9.5
0

ZBG Review

ZBG logo

The numbers of new investors and traders in the crypto market over the years have skyrocketed and that’s because they seek to make profits. In the crypto market, you can choose to be a trader by buying and selling cryptocurrency and you can also decide to be an investor. If you are wondering which cryptocurrency to invest in; that depends on the market capitalization. However, in this ZBG Exchange Review, you will get to understand how you can buy, sell, and store your cryptocurrencies and how you can remain active in cryptocurrency trading.

Crypto traders take advantage of the volatility of the crypto market to get higher returns. Traders only have two aims; acquire more cryptocurrencies or make gains in dollars. However, in order to gain massively from cryptocurrency, as a trader, you must engage in active trading. You should be able to speculate the prices of cryptocurrencies to prevent losses due to high volatility.

Cryptocurrency trading can be a risky investment and as a trader, it is not unusual to witness price fluctuations. That’s why it is advisable that as a new trader you are aware of the market before getting into it. So, if you are risk-averse, crypto trading is not for you. However, many exchange platforms have tried to ensure that trading becomes easier and understandable.

There are major steps you need to take to begin cryptocurrency trading include; creating an account, deciding the cryptocurrency you want to trade-in, and funding your account. Also, you need an exchange platform (a brokerage), it is a very important factor to consider when you want to start trading in cryptocurrency.

Choosing the right exchange platform makes trading more easily for you to understand. Some brokerage goes as far as providing you with tools to help you understand the market. Most of the time, it is advised to take trading courses for beginners but this ZBG exchange review will make you understand that what you need most is a reputable exchange platform that has a good interface that also accommodates new traders.

Exchange Platform                           ZBG Exchange
Websitehttps://www.zbg.com/
Account NeededYes                               
VerificationNo
Trading PlatformWeb-based
Language11 languages, English included
Payment MethodCryptocurrency

What’s ZBG?

ZBG is a cryptocurrency exchange platform launched in July 2018 based in Hong Kong. Although ZBG was formerly controlled by ZB.COM which was also a large exchange platform, it is now fully established and now operates worldwide with about 3 million users. ZBG allows the trading (buying and selling) of different cryptocurrencies, it also issues tokens that be used to purchase products and services. ZBG is ranked number 53 on the cryptocurrency lists among the large numbers of cryptocurrencies that exist and it has a 24h trading volume.

ZBG is highly regarded because apart from providing services to millions of users as a crypto exchange platform, it offers other useful services to its users and they include; trade of fiat currencies, a well-managed savings account, and also engage in futures trading. On ZBG exchange, there is a “seed zone” where users are allowed to trade locked assets. In order to suit its various users, ZBG website was set up in different languages; Korean, Japanese, Russian, Vietnamese, Chinese, and English.

Another service provided by the ZBG exchange is cloud computing mining which is only accessible through cryptocurrencies and United States Dollars. ZBG over the years has continued to experience liquidity. In 2019, ZBG was ranked 10th exchange with the highest 24h trading volume. Within the space of six months, the trading volume spiked up to 1.01 billion USD.

While aiming to provide a platform for both old and emerging tokens, ZBG exchange offers the ABG token known as ZT. ZBG exchange allows the holders of its coin; the ZT token to participate in the voting when it comes to making decisions, trade with other cryptocurrencies on the exchange platform, and also give them access to discounts on their transaction fees. Also, Zt holders also get access to the Launchpad events organized by ZBG.

One of the peculiarities of ZBG exchange is that it has a price index where all the price and live charts of the cryptocurrencies are featured. The price index also includes transaction history, market cap, and price ticker. This is to ensure ease of use for both professionals and new traders.

ZBG is aimed at ensuring flexibility for its users by providing over-trade counter trading and also ensure that the mobile apps are available for both Android and iOS users. Customer service is always available in order to ensure that issues are attended to.

ZBG Trading Services

While it is important that every exchange platform have a trading view, each exchange platform has a different trading view. However, it is very important that you check the exchange trading view before you trade with such an exchange platform. It is more advisable for new traders to study the trading view because it holds all the information you need.

There is no particular best trading view; however, the trading view must have the exchange order history, price charts of different cryptocurrencies, and the order book. Apart from all these, there are also buy and sell boxes. It is important that you check through to know which trading is best suitable for you and the cryptocurrency you should trade-in. ZBG allows you to make use of your mobile phone to access the ZBG mobile app apart from making use of the website. So you can download the mobile app in order to access it on your phone.

ZBG allows you to trade and store your cryptocurrencies, however, you need to open an account and ensure that you fund it before you can start trading. ZBG also enables users to maintain their account and also allow each user access to view their account.

Among the services, ZBG offers its users include OTC, Launchpad, Rocket, cryptocurrency, and fiat trading. ZBG offers discounts when you make transactions with the ZT token and also trade with other cryptocurrencies.

ZBG Trading Fees

One of the factors that you should be mindful of when choosing an exchange platform is the trading fees. You don’t want to make the mistake of choosing a brokerage that costs a lot of money to maintain. So, it is important that you put the transaction fee into so much consideration before you invest in any exchange platform.

In the crypto market, there is a fixed industry average fee for each trader either you are a maker or a taker. Like every other crypto trading, ZBG exchange includes the maker and taker and they both influence the crypto market. However, while the maker creates liquidity in the market, the taker takes away the liquidity. In ZBG exchange, you will be charged every time an order is placed.

The maker makes new orders different from that which is on the order book which means it won’t be easily filled. However, when you are choosing from the existing order then you are a taker. ZBG charges a percent of the value of all you ordered. If you are a maker, you will pay 0.025% while takers pay 0.075% which is above the industry average.

The industry average which is binding on all the crypto market charges makers 0.014% contract trading while takers are charged 0.064 which is below what the ZBG exchange charge. There are discounts if you are trading with the ZBG native token. Also, ZBG exchange allows what is called the seed conversion which functions like an OTC digital assets service. So, the seed conversion allows you to make use of unlocked seed tokens to make transactions with other cryptocurrencies.

The trading fee on ZBG is 0.1% and they don’t charge when it is an OTC trading. You are not required to pay any amount of money when you create an account or make any deposits.

Withdrawal and Deposit Fees

Exchange platforms charge different withdrawals fees and in cases where the fees are the same, there are high chances of competition. It is also necessary that you know the withdrawal fees an exchange platform charges before you start trading. While the withdrawal fee of ZBG has not been found yet, however, it is possible they charge the same fees with ZB.com. ZB.com charges 0.0001 BTC when you withdraw BTC. What we know is that ZBG charges one percent of the value of whatever you order.

ZBG does not support fiat currencies, which means they only transact with cryptocurrencies. So, if you are a new trader that wants to trade with ZBG, wire transfer and a credit card are not accepted. Before you can invest in ZBG, you must have other cryptocurrencies. By the way, there are no deposit fees charged. To buy your first cryptocurrencies, you need to start by buying crypto from an exchange that accepts fiat currency then you can now exchange it in ZBG.

ZBG Wallet

It doesn’t matter if you are a trader or an investor; you need an electronic wallet to store your cryptocurrency which is only accessible to you. Every user is given a private key and a public key. The latter allows you to receive funds into your wallet while the former (private key) is used to sign transactions to spend assets. Your private key is for your personal use which must be secured because it enables you to take ownership of your assets.

The crypto wallet is very important before you can start trading because it makes your transaction valid and it is very useful when you want to buy cryptocurrency because you need it to store crypto. ZBG wallet is easy to use and it allows users to access a wide variety of tokens which include Bitcoin and the ZT token.

ZBG wallet allows you to make use of hardware wallets which allows you to make use of USB to save your cryptocurrencies. However, that’s not completely safe. ZBG wallet is highly secured and easy to use. You can only make transactions with cryptocurrency to another cryptocurrency.

ZBG Limits and Liquidity

The maximum amount of cryptocurrency you can withdraw and deposit in the exchange platform differs. In ZBG there is a daily withdrawal limit for every cryptocurrency that is allowed on the exchange platform. Although, there is no stipulated limit on the number of deposits that you can make daily.

If you are withdrawing the ZBG token, ZT, the single withdrawal limit is 50,000 while the daily withdrawal limit is 500,000. If it is BTC, the single withdrawal limit is 5, while the daily withdrawal limit is 100. The daily withdrawal limit is within the space of 24 hours. The ZBG exchange does transactions at a very fast speed which means it can execute over a thousand transactions within a second.

The ZBG has a very high liquidity rate that users can enjoy. It supports large cryptocurrencies trading pairs and ZBG also has a large trading volume of 9,061.897 BTC.

ZBG Portfolios

As a trader, you need to build your portfolio and you start by doing this the moment you create your account. Every exchange platform tries to assist its users to build their portfolio most of the time by offering discounts and other services. ZBG has abundant resources and over the years has become stable.

Everything you need to get familiar with the market is available on the portfolio. You get to know about managing trade and also keep yourself informed about the price. The ZBG has a lot of distinctive characteristics that have made it more useful for both professional and new traders.

To register an account on ZBG, you will visit the website and click on the start trading option. In order to register, you need to drop your personal information which includes your phone number and email. After you are done, a verification code will be sent to you. Then you will have to click the “read and agree” option to complete your registration.

For security purposes, you need to verify your mobile number and your Google account. ZBG also demands that you upload your ID front and back and a picture of yourself but that’s after you apply for ID verification.

Cryptocurrencies Available on ZBG

The trading volume of an exchange platform is very crucial because it affects the volatility rate. For the convenience of traders, an exchange platform must have a large trading pair. Although, it is not unusual for prices to fluctuate or the market to be unstable but it’s best to invest in a stable market.

ZBG accepts trading with different coins. However, the most traded cryptocurrency with a large trading volume is Bitcoin and Ethereum among others. Although it allows fiat trading users can’t make payments with fiat currencies. Other cryptocurrencies that ZBG supports include; the native ZGB token, XRP, Litecoin (LTC), ETC/USDT, Dogecoin (DOGE), Filecoin (FIL), and a lot more.

ZBG operates worldwide and it does not exclude American investors. ZBG is an independent platform that allows American investors. Although, due to the Security Exchange Commission, most exchange platform that is not based in the States do not accept US investors. However, ZBG does not prevent United States investors from trading.

ZBG Users Interface

One of the distinctive features of the ZBG exchange is the user’s interface. ZBG seeks to ensure that its website is fair to both professional traders and new traders. For an exchange that deals with multiple trading pairs and also offers global services to its users, it is very important that the interface is very simple to use and easy to access.

One thing ZBG allows for the convenience of its users is the mobile app which means the users can operate their account through their phones. So, you can choose to operate it on your desktop, Android, and Personal Computer. For the convenience of users, there are over 8 languages like Chinese, Japanese, Korean, Vietnamese, and English.

How Secure is ZBG Exchange?

A credible exchange must be well-secured and the user’s anonymity must be effective and maintained. After all, that’s one reason why the cryptocurrency is making headways.

To enhance security, ZBG ensures that there is two-factor security authentication; an ID is also required when you want to open your account. ZBG also ensured that all the information you drop is valid by sending verification.

For security reasons, ZBG also supports users to store their assets on a cold wallet. There are SSL protocols and other security technologies to ensure that its users enjoy maximum security.

Customer Support

The user interface of ZBG also includes customer support. There is 24/7 customer support to attend to any issues that may arise. You can always contact the customer service team. For any information, you can always visit the ZBG website. ZBG also have their official website on Facebook, Twitter, and LinkedIn.

Conclusion

ZBG remains one of the most trusted exchange platforms with its headquarters in Hong Kong. It’s an independent platform that’s aimed at ensuring that the satisfaction of its users is guaranteed. There are different options to choose from and profitable.

ZBG Exchange Rating
Conclusion
Read our ZBG review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this ZBG review before you sign up with the exchange.
Account Types
8.7
Trading Speed
9.4
Customer Service
9.2
Safety
9.5
0

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content