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Exchange Review
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why ZG.top has received the inactive flag.

ZG.top


Exchange Fees

Withdrawal Fee 0.50 Taker Fee 0.20% (sell) Maker Fee 0.00% (buy)

Deposit Methods

No Wire Transfer No Credit Card

UPDATE 20 March 2020: This exchange seems to be down. We are not able to access its website. Accordingly, we have marked it as "dead" and moved it to our Exchange Graveyard.

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ZG.top is an exchange from Mongolia. We only have one other exchange from Mongolia in our database and that’s IDAX. ZG.top launched in 2015.

If you look at the trading volume of this particular platform, it is not very good. Although we don’t have any data from coinmarketcap.com to rely on, CoinGecko reported that the 24 hour trading volume on the date of first writing this review (14 November 2019) was USD 1.6 million. On the date of last updating this review (16 March 2020, right in the middle of the crisis with COVID-19), the trading volume had dropped to USD 1.24 million. This trading volume is unfortunately quite low.

To our understanding, ZG.top does not prohibit US-investors from trading on its platform. In any event, if you are a US-investor and wish to start trading here, you should perform your own analysis of whether you are subject to any state laws or similar that prohibits you from trading here. You can never be too sure.

Most people prefer to do their crypto trading via desktop. But there are also a lot of people doing it via their smart phones or reading tablets. If you are on of those people, you’ll be happy to know that the ZG.top trading platform is also available as a mobile app, both for Androids and iPhones.

ZG.top Mobile Support

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 ZG.top:

ZG.top Trading View

The one thing we can’t stress enough is that you must always know the trading fees at any exchange you are interested in. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.

ZG.top doesn’t divide between takers and makers. Instead, they divide between sellers and buyers. Sellers pay 0.20% as trading fees, and buyers don’t pay any trading fees at all. This trading fee model is a bit unusual. Compared to other industry average trading fees, ZG.top’s model is quite competitive.

ZG.top has a percentage based withdrawal fee combined with the network fee. This means that they charge you a percentage of the withdrawn amount when you want to withdraw, and then adds the network fee of the relevant crypto. Their percentage charged is 0.50% and the network fee varies from crypto to crypto. This is an unusual withdrawal fee model. Most exchanges have a fixed withdrawal fee, regardless of the size of the withdrawn amount.

In addition to this exchange, only the following have percentage based withdrawal fees (from lowest to highest): FatBTC (0.05%), BitINKA (0.15%), RippleFox (0.20%), DOBI Trade (0.50%) and Trustdex (1.00%).

With the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.00005 BTC (extremely low). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.05 BTC (extremely high).

Each investor should consider whether this withdrawal fee model would be appropriate for them based on their own individual circumstances.

ZG.top does not accept any deposits of fiat currency. This means that the new crypto investors (i.e., the investors without any previous holdings of crypto) can’t trade here. In order to purchase your first cryptos, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!