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Review on ZBX by Ibraheem Asmau

Personal Encounter with ZBX

This exchange is supported all over the world(at least in most countries), it is a centralized exchange that deals with the trading of Bitcoin, Ethereum, Tether, Tron, and so on. It was launched in 2018, and can still be classified as a recently launched exchange. As a regulated exchange, users can be rest assured that their funds are in safe hands. ZBX might actually mean Zillion Bits Exchange because it was launched by Zillion Bits Limited. Charging fees as a low as 0.2% for takers and makers, liquidity at ZBX seems to be very deep as it has claimed to have an increase in users solely because of the deep liquidity. Depositing is possible through cryptocurrencies or fiat transfer, however the fiat transfer was only possible through an European bank so I just had to stick to depositing via crypto. The UI is very interactive as the web page cones in a very appealing and attractive design. Users can put an extra measure in securing their funds by enabling the two factor authentication. Registration wasn't quite easy because the page kept redirecting me until I changed my browser. Getting to use this exchange was very profitable because of the liquidity offered, the highly competitive fees charged, the two factor authentication and the intelligent user interface. Trading on Quick Buy was very fast and convenient because I could easily use my fiat currency to purchase my desired cryptocurrency. The KYC verification was very tasking and it took alot of time, I was enquired of any proof of my identity so I provided my driving license, a utility bill and two selfies showing me hold my drivers license and a paper with "for ZBX only" written in it. According to them, this verification was to take 1 to 3 working days but they took an entire 10 days before I got verified. Initially I was losing hope on the exchange, not until the verification was verified. The worst part about this exchange was customer support which was not responsive, because for over a month I dropped a complaint with them and that complaints hasn't been responded to up till now.

Pros & cons

  • This exchange offers a very deep liquidity
  • ZBX charges 0.2% trading fees, low, isnt it?
  • It is a regulated exchange, hence users can trust this kind of exchange fully
  • The user interface is very interactive
  • It allows for fiat based deposit
  • With the help of two factor authentication,users funds are less prone to theft
  • The support offered by this exchange is very poor
  • The KYC verification might take longer than expected