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US investors permitted
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of ZBG consists of four parts: general information, fees, deposit methods and security.
ZBG is a Chinese cryptocurrency exchange. It launched in July 2018.
It is actually a sub-platform of the much larger exchange ZB.com. Apparently, if you have a registered account at the ZB.com-platform, you can use the credentials created there to login also to this trading platform. They state on their website that “ZBG will operate independently, and build up contacts with ZB customers and funds at the same time, as the most important supplement in ZB strategic map.”
ZBG does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
You can view this trading platform as ZB.com’s baby brother. At this trading platform, you can list your token for free, and when it has received sufficient liquidity and trading, it can be promoted to the big brother-exchange: ZB.com. Conversely, when a token has lost its liquidity and trading volume so that it no longer belongs among the big boys at ZB.com, it can be degraded to the ZGB-platform.
In terms of liquidity though, ZBG is far from a “baby-brother”. On the date of writing this review, the trading volume at this exchange was USD 450 million, making it the exchange in the world with the 10th highest 24 hour trading volume. This is indeed very impressive.
ZBG Trading fees
This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is 0.10%. 0.10% is far below the global industry average (arguably around 0.25%), and also far below the Chinese domestic industry average.
ZBG Withdrawal fees
We have not been able to find ZBG’s withdrawal fees. This is potentially a risk for you as an investor (if the exchange does not inform of the fees anywhere we believe there is a higher risk that they are high). It is possible that ZBG charges the same withdrawal fees as ZB.com (0.0001 BTC when you withdraw BTC). If so, that would be competitive and counsmer-friendly. However, we have not found any explicit information to that effect.
Accordingly, we strongly urge you to make your own analysis of the withdrawal fees at ZBG before depositing any funds there and before concluding that it is the best cryptocurrency exchange site for you.
ZBG does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!
We run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. ZBG only received an F-score in this test. This is naturally below industry average and is thus not a competitive advantage at all for this trading platform.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.