Is ZB.com a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether ZB.com is a good crypto exchange to start trading with. In this article you will learn whether ZB.com is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker ZB.com
The ZB.com exchange is a versatile platform for exchanging, buying, and selling cryptocurrencies. Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Tether, and tons of other cryptocurrencies are traded on the exchange. Fiat funds are represented by the Chinese yuan, Hong Kong dollar, Macau pataca, and the Indian rupee. The site has spot and margin trading. For each direction, there are two terminals: basic and pro. Leverage up to x5 is also presented. There is also over-the-counter trading. From investment solutions, the exchange offers staking and flexible deposits in cryptocurrency, there is also a service of loaning one cryptocurrency for another. The site has its proprietary coin, the trade of which reduces commission charges. There is a referral program, support for third-party blockchain projects, and additional features aimed at owners of cryptocurrency services.
| 💰 Account currency: | Cryptocurrencies, Chinese yuan, Hong Kong Dollar, Macau pataca, Indian rupee |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:5 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, currencies, fiats |
| 💹 Margin Call / Stop Out: | No |
ZB.com Pros and Cons
👍 Advantages of trading with ZB.com:
•dozens of cryptocurrencies, coins, tokens, and four fiat currencies are traded on the exchange;
•spot, margin, and OTC trading is presented;
•there is a leverage of x5, cryptocurrency loans, and other functions;
•in addition to the web terminal, there is a mobile application;
•staking and direct investment in cryptocurrencies are available;
•commission charges for trading operations are low;
•a lucrative affiliate program with payments up to 40%;
•no minimum deposit,
•simplified trading is possible.
👎 Disadvantages of ZB.com:
•technical support does not have a call center;
•Asian fiat currencies only.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
-
Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
-
Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
-
Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
-
Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
-
Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
-
Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for ZB.com Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. ZB.com offers traders the following conditions.
| 💻 Trading platform: | Proprietary platform |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, Chinese yuan, Hong Kong Dollar, Macau pataca, Indian rupee |
| 💵 Replenishment / Withdrawal: | Bank cards (MC/Visa) and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:5 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, currencies, fiats |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Loads of cryptocurrencies, several fiat currencies, staking and direct investment in cryptocurrencies, loan system, the fees can be reduced using the site's ZB coins |
| 🎁 Contests and bonuses: | N/A |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of ZB.com commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The ZB.com crypto exchange charges a fee for conducting trading operations. Their value is determined by the user's trading level. The trading level depends on two factors — the volume of ZB (platform currency) that you have traded in the last 30 days, and the volume of ZB that has been in your account during that time. Hence, the more ZB coins you have on your account and the more you trade the platform's coin, the higher your level and the lower your fees will be.
Basic conditions. At the lowest, zero level (with 0 ZB coins on the account and 0 ZB coins involved in trading for the last month) the fee is 0.20%. At the highest, ninth level (with 2,400,000 ZB coins on the account and from 60,000 ZB coins involved in trading in the last month), the fee is 0.06%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.20% per order | Yes |
Investment programs of ZB.com
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. ZB.com offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The ZB.com crypto exchange offers three options for passive earnings (apart from the referral program, and TU will consider it separately). The first option is staking, which contributes to blockchain projects that require cryptocurrency investment. In the "Staking" section of the site, all the current programs are presented; usually, there are 8-10 of them. Programs differ in assets, minimum deposit, deposit period, and interest payments. A special algorithm allows you to immediately calculate the annual return, which can be up to 30-35%, in some cases even higher.
The second investment option is depositing in cryptocurrencies. Here, the investor does not provide funds to the company's partners, but directly to the exchange itself (in particular, to ensure leverage). All active portfolios are presented in the “Savings” section of the website. As in the case of staking, they differ in the asset, the size and term of the deposit, and the interest rate.
Bear in mind that in both options, the deposit is frozen by default until the end of the program period. However, the user can withdraw the deposit at any time (unless otherwise specified in the program conditions).
The third option is the Loan service. According to its terms, each user can take or provide a loan in cryptocurrency. The section contains detailed instructions and all information about the risks associated with the fact that the user provides a loan to another user, which is not a legal entity. The interest rate is not fixed and is determined by a specific offer.
You can use all the investment options at the same time using several programs.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
ZB.com’s affiliate program
The ZB cryptocurrency exchange offers a standard referral program. To participate in the program, you need to go to the section of the site labeled "ZB Partner" after registration and successful verification (data confirmation). A personal affiliate link will be available there. You can post the link without restrictions on any site. Each user who follows your link, registers on the exchange, and starts trading, becomes your referral.
The user remains your referral for as long as he trades on the ZB exchange, the program is unlimited. There are also no restrictions on the number of partners (initially there can be only 20 of them, but the limit increases with the growth of your income and the activity of referrals). The list of referrals is displayed in the corresponding section of the personal account; it also contains data on current payments. When your partner trades on the site, you receive 40% of the commission charge for each of his transactions.
Conclusion. Is ZB.com good for beginners?
The ZB.com cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, ZB.com could be considered as a good cryptocurrency exchange for a start.
- Is MEXC a Good Crypto Exchange for Beginners?
- Is Cryptopay a Good Crypto Exchange for Beginners?
- Is Bitkub a Good Crypto Exchange for Beginners?
- Is Tidex a Good Crypto Exchange for Beginners?
- Is VinDAX a Good Crypto Exchange for Beginners?
- Is TimeX a Good Crypto Exchange for Beginners?
- Is Zaif a Good Crypto Exchange for Beginners?
- Is AAX a Good Crypto Exchange for Beginners?
- Is StormGain a Good Crypto Exchange for Beginners?
- Is BingX a Good Crypto Exchange for Beginners?
- Is Emirex a Good Crypto Exchange for Beginners?
- Is BW com a Good Crypto Exchange for Beginners?
- Is Bexplus a Good Crypto Exchange for Beginners?
- Is Nexus Trade a Good Crypto Exchange for Beginners?
- Is ACE Exchange a Good Crypto Exchange for Beginners?
- Is Currency.com a Good Crypto Exchange for Beginners?
- Is CoinEx a Good Crypto Exchange for Beginners?
- Is STEX a Good Crypto Exchange for Beginners?
- Is Bitbuy a Good Crypto Exchange for Beginners?
- Is Felixo a Good Crypto Exchange for Beginners?
- Is Graviex a Good Crypto Exchange for Beginners?
- Is Kuna a Good Crypto Exchange for Beginners?
- Is ByBit a Good Crypto Exchange for Beginners?
- Is ZT Exchange a Good Crypto Exchange for Beginners?
- Is Unocoin a Good Crypto Exchange for Beginners?
- Is LATOKEN a Good Crypto Exchange for Beginners?
- Is VALR a Good Crypto Exchange for Beginners?
- Is Coinmama a Good Crypto Exchange for Beginners?
- Is BigONE a Good Crypto Exchange for Beginners?
- Is CoinTiger a Good Crypto Exchange for Beginners?
FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.