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 ZBX consists of four parts: general information, fees, deposit methods and security.
ZBX is an exchange registered in Malta. Malta is together with Estonia and Gibraltar one of the few countries in Europe that has developed explicit license requirements for cryptocurrency exchanges. When Malta issued specific license requirements for cryptocurrency exchanges, a lot of exchanges from other parts of the world actually relocated to Malta. Changelly, RDAX Exchange, Coindeal, Bleutrade, Graviex, Coinall and The Rock Trading are today all based in Malta.
ZBX has a few dozen cryptocurrencies listed. If you’re looking for a platform with hundreds and hundreds of altcoins listed, this is not the place for you. The exchange explains this with doing extensive research and due diligence before allowing a cryptocurrency to be traded at the platform. Therefore, not all altcoins meet the exchange’s requirements. The disadvantage of not being able to trade a certain altcoin should be outweighed by the fact that the ones you can in fact trade here are properly vetted.
ZBX is a relatively new exchange and one of the bigger problems newer exchanges normally have is poor liquidity. However, ZBX on the other hand share liquidity with ZB.com and ZBG. This makes the liquidity on the main tokens traded at the platform unparalleled, to the benefit of both the teams behind the cryptocurrency in question and the users of the platform.
US-investors may not trade here. The exclusion of US-investors is primarily due to regulatory reasons. The US-legal regime imposes obligations on many companies accepting funds from US-investors. If you are a US-investor, don’t despair! You can find the best cryptocurrency exchange for you to trade at by using our Exchange Finder or using the filters in our Cryptocurrency Exchange List. Check it out.
ZBX 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. This is the trading view at ZBX:
ZBX Trading fees
Trading fees are naturally very important. 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. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.20% of the order value. 0.20% is in line with industry average.
For a long time, industry average has been considered to be 0.25%. Today, however, we see a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.
ZBX Withdrawal fees
ZBX charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is also in line with industry average, as the global industry average is 0.000812 BTC per BTC-withdrawal.
To conclude, both the trading fees and withdrawal fees at ZBX are in line with industry average.
ZBX lets you deposit assets to the exchange in many different ways, through wire transfer, debit card, and of course also by just depositing existing cryptocurrency assets.
Seeing as fiat currency deposits are possible at this trading platform, ZBX qualifies as an “entry-level exchange”, making it possible for new cryptocurrency investors to take their first steps into the cryptocurrency world here.
ZBX’s security score is B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is actually one of the top grades out of the close to 400 exchanges that we have reviewed.
Very impressive, indeed!
Finally, there are only a few exchanges that – like the above exchange – receive Mozilla Observatory-scores of B or higher. The following list includes 9 such exchanges with very impressive security scores: