What is ZBG?
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.
ZB.com's Baby Brother
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 ZBG-platform.
In terms of liquidity though, ZBG has a fairly decent offering. When preparing this review for the first time in February 2019, the trading volume at this exchange was USD 450 million. This put the exchange on the 10th spot based on 24-hour trading volumes at the time, according to Coinmarketcap.
On the date of last updating the review (2 December 2021), the 24-hour trading volume was USD 8.8 billion. On the same day, Binance was at the top among exchanges based on 24-hour trading volume with a value of approximately USD 30 billion...
ZBG Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at ZBG:
ZBG Trading fees
Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.
Here, takers pay 0.075% and makers pay 0.025% for their contracts trading.
According to the most extensive industry report ever prepared on contract trading average fees, the global average contracts trading taker fee and maker fee was 0.064% for takers and 0.014% for makers. Accordingly, ZBG is slightly above average both for takers and makers.
ZBG Withdrawal fees
We have not been able to find this exchange’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!