ZT Exchange Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed ZT Exchange fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
Short introduction of ZT Exchange
The ZT exchange is one of the fastest-growing cryptocurrency exchanges owned by Glory Global Technology Limited. The crypto exchange was established in 2018 and is headquartered in Seychelles. In one month, the crypto exchange set a record for the highest number of registrations, which amounted to 1 million new accounts.
The ZT exchange ranks 12th in the list of popular exchanges for working with digital assets. The crypto exchange has extensive investment support provided by SoftBank, a British banking giant. As part of this support, Glory Global Technology Limited received multimillion-dollar investments to develop its own crypto exchange, which is the ZT exchange.
👍 Advantages of trading with ZT Exchange:
•low commission costs compared to other cryptocurrency exchanges;
•centralization;
•24h support;
•on the ZT exchange, rewards can be exchanged for fiat currency and withdrawn to a bank card;
•availability of a native ZTB token, using which you can further reduce the commission;
•encryption of user data at the banking level;
•fast website and intuitive interface: even a beginner will figure out how to use a crypto exchange;
•it is easy to work with the cryptocurrency exchange using a smartphone, as the interface adapts to the device's screen. Alternatively, you can download a mobile app;
•availability of a cold wallet that protects digital assets;
•availability of a margin trading;
•regular promotions and bonuses for regular clients.
👎 Disadvantages of ZT Exchange:
•presence of mandatory verification, since without verification the functionality is limited;
•not all sections on the website are in Russian.
ZT Exchange Commissions and Fees
The amount of the commission is influenced by several factors: the first one is a digital asset, the second is activity on the crypto exchange, and the third factor is the activity in the affiliate system. The ZT exchange charges a commission for the withdrawal of cryptocurrencies depending on the digital asset.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $0.02 | Yes |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at ZT Exchange suitable for beginners?
Analysis of ZT Exchange shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
Can the fees differ depending on the asset?
Yes. This is why many brokers specify the fees for each asset individually.
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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.