ZB.com was formerly CHBTC is a renowned cryptocurrency platform that used to be based in China. Because of the Chinese government’s stringent regulation of crypto, CHBTC, founded in 2013 was forced to relocate its headquarters in the year 2017. In the year following, it changed its name to ZB.com and continues to provide services to millions of customers around the world.
This review will go over ZB.com’s different features, talk about whether or not it’s legitimate and assist you in determining the best way to use it. Let’s begin.
What is ZB.com?
ZB.com is a cryptocurrency exchange that has locations located in Dubai, Malaysia, Singapore, Russia, Australia, Switzerland, Hong Kong, the United States, and South Korea. Apart from trading, ZB.com also offers services like crypto investing.
ZB is a cryptocurrency with a an estimated market value of $100 million. ZB offers mobile apps as well as web-based versions that are available in English, Chinese, and Korean.
ZB.com Top Features
ZB is much more than an exchange. Let’s take a look at its most important functions.
Exchange
In the first place, ZB.com is a platform for trading that allows real-time buying and selling of more than 80 digital currencies and digital assets. The platform’s robust trading capabilities allow users to see detailed charts, make orders swiftly and track price fluctuations in real-time.
You can pick between the Trading Basic as well as Trading Pro. Trade Basic is a simpler exchange, which makes it easy to use for those who are an inexperienced trader. If you’re an experienced trader who needs more tools, you can try Trading Pro.
Margin Trading
ZB.com also allows margin trading. Margin trading lets you take money from ZB.com’s exchange (in this instance, ZB.com) for potentially greater yields. The funds you borrow come from investors who are not yours and you have to return them. This is the reason margin trading has greater risk.
If you make a profit in the long run, you’ll profit several times over. However, should you lose an investment, the loss will be exacerbated also. This is why it’s important be cautious when using margin trading and make sure you use security measures such as stop losses to limit losses that occur. If you’re not a seasoned trader, it’s best to avoid margin trading.
Buy & Sell Crypto OTC
ZB.com’s OTC service connects buyers with sellers. If you are looking to purchase cryptocurrency using a fiat currency, you are able to make a buy order. Sellers will be able to find the order and provide you with crypto once the payment system has confirmed. This is the same procedure in the event that you wish for sellers to offer crypto.
Trading Bots
With ZB.com it is possible to install a robot to handle trades in a way that is automated. There are three robots available that can be used for flat markets or market bearish (falling markets) as well as bullish market (rising market).
These bots let you purchase low, and then sell at a high price in bullish market, or sell high and purchase low during bear market. For low-risk automated trading pick”Classic Grid,” which is the “Classic Grid” bot for trend lines that are sideways. lines.
Invest & Earn
Crypto investors can put money via ZB.com to receive high-yielding returns. By depositing ATOM to your account for investment, you could get a yield of around 20 percent. This kind of return is unheard of in the case of the traditional savings account.
Other high-yielding tokens include CELO (estimated annual return of nearly 15 percent), YGG (Yield Guild Games, estimated annual return of about 17 percent), GTC (Gitcoin, estimated yearly return of approximately 13 percent) as well as DYDX (estimated annual return of approximately 14.5 percent).
Other popular coins are readily available too, but the annual returns may not be as good. The deposit of BTC or DOGE can yield an estimated annual return of 0.2-0.3 percent, whereas making a deposit with ETH will yield the potential for 0.7 percent. USDT returns are also decent at about 4.5 percent, but other platforms have higher returns on USDT.
Additionally, you can make use of the staking feature to place bets on specific tokens in exchange for rewards. Staking DOT, for instance will yield rewards up 10% per year. Staking QETH will earn you returns as high as 35%. Likewise, taking both UFC as well as BKH (Union Fair Coin, and BKcash) can bring you rewards as high as 30% per year.
The potential returns are impressive and will increase when you put more money into assets longer. The drawback is that a lot of these tokens and coins aren’t very well-known or sought-after and the ones that are well-known are more likely to have lower returns.
Borrowing
ZB cannot let you borrow fiat currencies, however you can take out loans on stable coins by using your deposit of digital currency as collateral. You can also save stable coins and utilize them to lend digital currencies. There is an 0.05 percent daily rate of interest on the majority of coins. However, there is a notable exception with QFIL with which there is a daily rate of 0.01 percent.
Borrow ratios are based on the assets you’re depositing as collateral, and then taking out as an loan. For instance, if you make a deposit in USDT then you are able to withdraw 90% of the deposit in QC or reverse. If you deposit either of these two coins, you are able to withdraw 65% of the funds from BTC and 55 percent in ETH. You can find the complete limit of the amount that you are able to borrow on every coin pairing here.
ZB.com Fees and Commissions
ZB.com has different fees and commissions depending on the amount of ZB you have accumulated on your account. If you have locked up more funds for a period of 30 days, you’ll pay less transaction charges. The transaction fees could range from 0.045 percent for the highest level and when you pay in ZB or as high as 0.20 percent when there is no ZB secured.
The fees for withdrawals vary depending on the currency you’re taking out. Here are a few examples of withdrawal charges for various digital assets:
- 0.0005 BTC
- 0.005 LTC
- 0.01 ETH
- 0.002 DASH
- 0.1 0.01
- 10 ZB
ZB.com Limits on Withdrawal
It is limited on the amount one can take out at a time in the ZB.com account. Additionally, you have a restriction as to the amount you can withdraw out every day. The limits differ between coins. The maximum withdrawal limit for some coins include:
- 60 BTC
- 20,000 LTC
- 1,000 Ether
The daily withdrawal limits for the highest coins are:
- 200 BTC
- 200,000 LTC
- 10,000 Ether
Most people will never reach the limit of withdrawal.
There is however an amount of deposit that must be made for certain coins, too:
- 0.0001 BTC
- 0.005 LTC
- 0.008 Ether
- 0.01 ETC
- 10 DOGE
They are small sums. To find the latest fees as well as the maximum or minimum limits for withdrawals and much more, consult this page.
ZB.com Mobile App
ZB.com has an application that works on the platforms of Android in addition to iOS. It is possible to download the traditional Exchange as well as ZB Pro. The apps are highly rated and hundreds of downloads.
Is ZB.com secure and safe?
ZB.com generally is reliable and secured. It has a broad array of security options to make sure that your money is safe and that your personal data is kept private.
Your account can be secured by enabling two-factor authentication. To ensure the highest levels of security ZB.com permits you to create two-factor authentication using the Google Authenticator application. This protects your account from SMS diverting and other methods which could compromise a 2-factor authentication process which you can set up using either email or SMS.
You’ll have to prove your identity before you can use ZB.com fully. The process of verifying your identity is simple and quick and can help ZB.com adhere to laws, keep criminals from entering the platform, and ensures your safety.
To combat scams and spam, ZB.com has set up an online verification channel to combat scams and spam. If you get contacted by someone saying they are from ZB.com, they must be verified. ZB.com team, you can enter the information they provide in the verification channel to determine whether their username and number actually belongs to one of the team members.
ZB.com Support and Customer Service & Support
You can go to ZB’s Help Center for information about setting up your account margin trading, spot trading, verification of identification, and many more. ZB provides online support through live chat that you can access via the Help Center. Scroll down to the end of the page, and then look to the left side for the links for ZB.com’s subreddit, as well as Telegram groups which offer help from the community and moderators.
A Very Attractive Choice
ZB.com is a great exchange that accepts a wide range of currencies, including a few less well-known ones, as well as their ZB token. With minimal transaction costs and extremely high withdrawal limits, ZB.com remains an attractive alternative, and millions of traders and investors worldwide choose ZB.com as their preferred exchange preference.
