UPDATE 11 December 2019: We have tried to access this platform’s website multiple times but have been unable to do so. It seems as if the exchange is closed down. We have therefore marked this exchange as “dead” in our database. Should the site get back up, we will revive the exchange.
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A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of ZG.com consists of four parts: general info, fees, deposit methods and security.
Among the main advantages of this platform, the exchange promotes that it has first-grade customer service and a reliable transaction matching engine. They actually also promote a charitable cause, namely that for every transaction that you make on the platform you contribute to the “life and learning of children living in remote mountainous [sic]”. The latter is a very interesting feature that we can’t say that we have come across before. Naturally, as with all charity, you want there to be clear evidence that the alleged giving actually also takes place. But, if it does, we really like this feature. ZG.com also refers to the ZG Blockchain Charity Fund as “transparent and open” so we see no red flags in this regard at this point.
ZG.com does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship. In a worst-case scenario, they are still prohibited from trading at one or several exchanges that could otherwise be the best cryptocurrency exchange site for them.
ZG.com is also available as an application in your phone. This can be helpful for any investors interested in trading when “on the go”. Research shows that a vast majority of all cryptocurrency trades are executed through desktops. But, if you’re a mobile-kind-of-person, the ZG.com application might make you happy! Trading platform is available through mobile use on both iPhones and Androids.
The English copy-writing on the exchange’s site might have some room for improvement though…
ZG.com 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 purchase interface at ZG.com:
ZG.com Trading fees
This trading platform has flat fees and charge both takers and makers 0.20%. These fees are slightly below the industry average which is arguably around 0.25%.
ZG.com Withdrawal fees
Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency. The global industry average withdrawal fee is 0.000812 BTC when you withdraw BTC. ZG.com only charges you 0.0005 BTC, meaning that their withdrawal fee is approx. 40% lower than the global industry average.
For the sake of completeness, it can be worth mentioning here that ZG.com – like most other cryptocurrency exchanges – does not charge any fees for deposits of cryptocurrencies.
ZG.com 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, ZG.com qualifies as an “entry-level exchange”, making it possible for new cryptocurrency investors to take their first steps into the cryptocurrency world here.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: