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ZeroBank Review (Updated 2019)

in News/Use Crypto by

What is ZeroBank?

ZeroBank was founded in China as exchange platform, but later on it moved its headquarter to Hong-Kong. Since Hong-Kong is considered as more autonomous part of China it does not have to obey to all strict regulations of mainland China, and that was the main reason of moving. Today ZB is one of the biggest exchange platforms on daily transaction volume according to CoinMarketCap. It is one of the few Far East exchanges that operate globally and accept investors from US. Its services are offered in many different languages including English, Thai, Korean, Japanese, Chinese and Arabic languages. Platform provides much more other options giving it competitive advantage to exist in market. If you were looking for exchange platform read this short article till the end to find out if ZeroBank fits your criteria.

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What can you trade on ZeroBank?

Despite being founded in 2017 it reached top 20 exchanges worldwide in daily transaction volumes. And one of the main reasons for its rapid growth is the feature giving users ability to trade coin to coin and coin to normal currency. Its web platform is rated very high in usability and design among both fresh comers and more experienced traders. Platform interface provides various technological advancements and trading tools. Platform supports more than 40 crypto coins but changes with adding or removing some coins. Also platform supports some rare and unique coins giving its users opportunity to earn more. ZB as a major player in cryptocurrency trade it allows its users to make transactions with other 4 major markets: Teher, ZB, Bitcoin and QCash.

What are the fees on ZeroBank?

Unlike many other exchange platforms ZeroBank does not take commission fee for depositing fund into users account. Their main revenue stream is from transaction charges where they take 0.2% for any token and if user has more than 100ZB coins on account trading ZB coin will be charged with 50% discount.Withdrawal fees may differ from coin to coin so users should have to check exact amount and percentage of withdrawal fee on platform, For now platform do not put any limit to transaction value so userc should trade as high as they can so it will be profitable with those rates.

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ZeroBank security

Most of new exchange platform have had several security breaches in last years, however ZeroBank was not one them and did not had any security issues. Platform seems ready for any sort of infiltration, they took all necessary prevention steps. Offline cold wallets with multiple signature security levels are uset to store big junk of funds that can’t be reached remotely. Same preparations should be taken by each user too for their own sake, so when creating an account user should take a validation step to guaranty security. This step is done by submitting picture of government issued ID or any other official document like passport. That validation process may take period of few business days and it is normal in industry. Also it is recommended to users as always to fill 2 step verification with their phones although ZeroBank uses most advanced version of SSL technology for security.

Summary

Shortly; Even if ZeroBank is very young and new in the industry it found its audience and place in market and grew enormously in two years becoming one of the biggest and reliable players. Also since ZeroBank is located in China it accepts local currency Yuan which very rarely accepted fiat currency among exchanges. We hope that this ZeroBank evaluation was of usage. Feel free to to discuss topic in comments below or in the FAQ section for more insight before trading. Find out more about this cryptocurrency exchange and more here.

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.