ZB is a Chinese cryptocurrency exchange platform that came into the world at arguably the worst time, right in the midst of China’s ban of ICOs and all things cryptocurrencies back in 2017. ZB is widely renowned as one of the best crypto exchange platforms for crypto-to-crypto spot trading, even though the platform also offers crypto-to-fiat trading.
Be that as it may, the exchange managed to overcome everything both the Chinese government and the competitive Asian cryptosphere had to throw at it and managed to climb its way up the latter up to second place on CoinMarketCap (by adjusted volume) establishing itself as a worthy competitor for giants such as OKEx, Binance, and Huobi.
To ensure its survival, the exchange quickly moved its operations to Hong Kong, a place where China’s strict regulations cannot reach it.
ZB exchange platform
For starters, it’s worth mentioning that ZB is designed to cater primarily to Chinese and Asian investors and traders, even though the service is available anywhere in the world. The two main languages supported by the platform are English and Mandarin.
The interface of the web-based trading platform is nicely designed and has a modern feel to it with good charting tools and various crypto analysis options. The trading platform is easily accessible to both beginner and more experienced crypto traders. The main chart tool is located in the top left corner while the order book is located on the right of the chart. Above the order book, users can place their market orders, as well as limit and stop limit orders.
The fact that ZB supports over 90 cryptocurrencies is definitely one of the platform’s main selling points. These including some of the most sought-after coins and tokens such as BTC, ETH, XRP, DASH, ZB, EOS, NEO, EOS, LTC, and so forth.
A full list of all the supported trading pairs can be found on the Active Markets section on CoinMarketCap.
The exchange has all the fees neatly displayed on the website in its dedicated section. The general trading fee for all coins in all markets is 0,2% per trade. Since ZB is one of the multiple modern exchanges that has a native token (the ZB coin), its holders can benefit by cutting in half the exchange fees. ZB does not charge any fees for deposits, but a withdrawal fee is required, and it usually differs from crypto to crypto. At the current time, the withdrawal fee for Litecoin is 0,005 LTC, for Ethereum it’s 0,01 ETH, and for Bitcoin, it is 0,0001 BTC.
The exchange uses some of the latest and most modern security measures in order to keep their traders’ funds safe. Traders are provided with the option of using Google two-factor authentication when it comes to logging in, as well as opt for email or SMS authentication.
Advantages and disadvantages
One of the main advantages of the platform is its ease of use. ZB.com is so easy to use that even first-time users can get to grips with its main functions in a matter of minutes. It features two interfaces, one for novices and one for more advanced users.
The platform boasts high liquidity, a wide array of crypto assets, decently advanced trading options, and very low fees.
In terms of disadvantages, it should be noted that the platform offers limited fiat-to-crypto options. Furthermore, fiat-to-crypto trading is only available to users who have been verified using a C2C mechanism. Another big drawback (at least for advanced traders) is the fact that ZB does not support margin trading.
Without a doubt, ZB is a very useful and powerful trading platform, but due to its current limitations (and the fact that it only supports the Chinese Yuan as fiat currency), it’s mostly aimed at the Asian market. Last but not least, the user reviews on ZB.com are generally positive.