Regulated

Score

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/10

tZERO

United States

|

5-10 years

Digital Currency License|

MSB License|

Suspicious Overrun|

Medium potential risk|

https://www.tzero.com/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

United States 3.80

Better than 99.43% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

DFI

DFIRegulated

Digital Currency License

FinCEN

FinCENExceeded

MSB License

Exchange Info

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Company Name
tZERO
Phone of the company
--
Company website
More
Customer Service Email Address
--

WikiBit Risk Alerts

1
Previous Detection 2024-03-02

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000158985964), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

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User Reviews

More

31 ratings

Participate in evaluation
uJu3413
Love the competitive fees compared to other exchanges. Saves on costs!
2023-12-27 10:33
9
0
Ghazil
I stumbled upon this crypto exchange and was pleasantly surprised by its user-friendly interface. Buying and selling crypto has never been so straightforward!
2023-12-26 06:39
8
0
Eason85782
As a cryptocurrency investor, I think tZERO trading fees are moderate, but volatile, and your team may need more moves to stabilize the price. The communication platform needs improvement, but security is good.
2023-12-25 18:13
4
0
Edisson
I appreciate the effort put into security measures. Knowing my assets are well-protected gives me peace of mind in the unpredictable world of crypto.
2023-12-23 01:52
6
0
matt1837
The exchange's intuitive order book layout is a lifesaver during intense trading sessions. It keeps things organized and efficient.
2023-12-22 05:43
6
0
FX2038066723
I like tZERO's innovative tech approach and its amplified security features. But their average user interface and customer support could use some improvements. Not bad really.
2023-12-18 17:53
9
0
adams171
tzero tekon is one that has a very good image and low trading fees but the price fluctuating is quite huge overall the transaction was successful. always focused and study hard
2023-12-01 17:41
4
0
Aeychill
tZERO Token is one that has a very good image. Low trading fees But the price fluctuation is quite high. Overall the transaction was successful. Always be good and study more.
2023-09-23 07:20
9
0
snazii
tZERO specializes in security token trading, offering a platform for trading digitized assets that comply with regulatory frameworks. so this is really good for those interested in tokens
2023-11-28 12:29
9
0
agbaje
The user interface is clean and straightforward, making navigation a breeze.
2023-12-29 02:00
4
0
Fawas
The customer support team deserves a shoutout. Quick responses and they actually understand the complexities of crypto trading. A rarity in the industry.
2023-12-26 08:05
3
0
NFT bro
The mobile app is a game-changer! I can manage my portfolio on the go, and the interface is just as intuitive as the desktop version.
2023-12-24 21:55
8
0
busson FX
As a seasoned trader, the exchange's commitment to continuous improvement is evident. The introduction of new features keeps the platform relevant in the ever-evolving crypto market.
2023-12-23 22:18
1
0
Adedimeji
The crypto world is always evolving, and these exchanges keep up with the trends. Innovative features like staking, lending – it's like they're future-proofing my crypto journey. Exciting times!
2023-12-23 21:40
8
0
mohammed8250
The customer support at this exchange is top-notch! I had an issue, and they resolved it promptly. It's reassuring to know they have your back.
2023-12-23 19:53
7
0
yesir3838
The exchange's commitment to continuous improvement is evident. Regular updates and new features keep the platform fresh and competitive.
2023-12-24 21:06
3
0
KUNLE311
The social trading features add a unique dimension. It's fascinating to see what other traders are doing and get insights from the broader community.
2023-12-24 10:33
9
0
Lateef9330
As a trader, I appreciate the low fees. It's a game-changer, allowing me to maximize profits without being eaten away by unnecessary costs.
2023-12-23 21:40
4
0
hanny4358
The integration with third-party charting tools enhances the depth of technical analysis. It's a boon for traders who rely on advanced charting techniques.
2023-12-23 20:08
3
0
Newton2834
tZERO offers a digital trading platform for securities. The premier marketplace for digital private securities trading. Good exchange platform 👍
2023-11-03 17:00
4
0

View all comments

tZERO · Company Summary

Aspect Information
Company Name tZERO
Registered Country/Area United States
Founded Year 2014
Regulatory Authority DFI
Numbers of Cryptocurrencies Available Multiple cryptocurrencies available, including Bitcoin and Ethereum.
Fees Various fees applicable based on trading activity. Refer to the platform for specific details.
Payment Methods Bank transfer, wire transfer, and other accepted payment methods depending on the user's location.
Customer Support 24/7 customer support available through email, live chat, and phone.

Overview of tZERO

tZERO is a virtual currency exchange platform based in the United States. It was founded in 2014 and is regulated by DFI. The platform offers multiple cryptocurrencies, including Bitcoin and Ethereum, for trading. The fees charged by tZERO vary based on the trading activity and users are advised to refer to the platform for specific details. Accepted payment methods include bank transfer, wire transfer, and other methods depending on the user's location. tZERO provides 24/7 customer support through email, live chat, and phone.

introduction

Pros and cons

Pros Cons
Regulated by DFI Fees vary based on trading activity
Offers multiple cryptocurrencies for trading Payment methods may vary depending on the user's location
24/7 customer support available

Pros:

- Regulated by DFI: tZERO operates under the oversight and regulation of a reputable regulatory authority, providing users with a certain level of security and protection.

- Offers multiple cryptocurrencies for trading: Users have access to a diverse range of cryptocurrencies, including popular options like Bitcoin and Ethereum, allowing for greater flexibility and investment opportunities.

- 24/7 customer support available: tZERO provides around-the-clock customer support through various channels such as email, live chat, and phone. This ensures that users can obtain assistance whenever they need it.

Cons:

- Fees vary based on trading activity: The fees charged by tZERO can differ depending on the user's trading activity. This may result in higher costs for more active traders, making it important for users to carefully consider the fees associated with their preferred trading strategy.

- Payment methods may vary depending on the user's location: While tZERO accepts bank transfers, wire transfers, and other payment methods, the availability of these methods may differ depending on the user's location. This could pose limitations or additional complications for some users.

Regulatory Authority

The regulatory situation of tZERO can be described as follows:

1. Washington State Department of Financial Institutions (DFI)

- Regulation Number: 1749137

- Regulation Status: Regulated

- License Type: Digital Currency License

- License Name: tZERO Crypto Inc FKA Bitsy, Inc

regulation 1

2. Financial Crimes Enforcement Network (FinCEN)

- Regulation Number: 31000158985964

- Regulation Status: Exceeded

- License Type: MSB License

- License Name: tZERO Crypto, Inc

regulation 2

It is important to note that while the Washington State Department of Financial Institutions regulates tZERO, the Financial Crimes Enforcement Network has also played a role in oversight.

Security

The security measures of tZERO provides users with a secure trading environment. The platform implements industry-standard security protocols to protect users' personal information and funds. This includes encryption technology to safeguard data transmission and secure storage options for cryptocurrencies. Additionally, tZERO employs multiple layers of authentication to ensure only authorized access to user accounts. It is important for users to also take personal security measures, such as enabling two-factor authentication and using strong passwords, to further enhance their account security.

Cryptocurrencies Available

tZERO offers a wide range of cryptocurrencies for trading on its platform. Some of the cryptocurrencies available include Bitcoin and Ethereum, which are popular and widely recognized in the industry. Additionally, tZERO may also provide access to other digital assets or tokens based on market demand and availability.

Apart from cryptocurrency trading, tZERO aims to provide other products and services to its users. One such product is the tZERO ATS, which is an alternative trading system designed for the trading of private securities. This platform allows for the trading of tokenized assets, providing users with additional investment opportunities in the digital asset space. tZERO also plans to expand its offerings in the future, including potential access to security tokens, digital securities, and more.

It is important for users to carefully consider the risks associated with trading cryptocurrencies and to conduct their own research before engaging in any transactions. tZERO provides a platform for users to access the digital asset markets, but it is ultimately the responsibility of the user to make informed decisions.

available cryptocurrency

How to open an account?

The registration process of tZERO can be broken down into the following six steps:

how to open an account

1. Visit the tZERO website and click on the “Sign Up” button.

2. Provide your email address and create a strong, unique password for your account.

3. Verify your email address by clicking on the verification link sent to your inbox.

4. Complete the KYC (Know Your Customer) process by providing the required personal information, such as your full name, date of birth, and residential address.

5. Upload any necessary identification documents, such as a government-issued ID or passport, to verify your identity.

6. Agree to the terms and conditions of tZERO and submit your registration for review. Once your account is approved, you will be able to start using the platform to trade cryptocurrencies.

Fees

Maker Fees: tZERO offers fee-free trading for cryptocurrencies, allowing users to make trades without incurring any charges. This encourages active participation in the market without burdening traders with additional costs.

Taker Fees: Similar to the maker fees, tZERO maintains a fee-free trading environment for cryptocurrencies, ensuring that traders who execute market orders are not subjected to any fees. This promotes seamless and cost-effective trading for users.

Deposit/Withdrawal Fees: When depositing fiat currency (USD) via ACH transfer, tZERO applies a 1% fee. On the other hand, withdrawing cryptocurrencies incurs blockchain recording fees that vary based on the specific cryptocurrency and network congestion. For instance, the withdrawal fee for Bitcoin is currently approximately $0.0005, allowing users to manage their funds efficiently.

Other Fees: tZERO's fee structure primarily revolves around the deposit and withdrawal fees mentioned above, ensuring transparency and straightforwardness in their fee policy. However, it's essential for users to be aware of any potential additional fees that might arise based on their specific trading activities or changes in the company's fee structure over time.

Fee Type Description
Maker Fees No fees for making trades with cryptocurrencies.
Taker Fees No fees for executing market orders with cryptocurrencies.
Deposit Fees 1% fee for depositing fiat currency (USD) via ACH transfer.
Withdrawal Fees Variable blockchain recording fees for withdrawing cryptocurrencies.
Other Fees Potential additional fees may apply based on trading activities.

Payment Methods

Deposit Process: Users can deposit fiat currency (USD) into their tZERO accounts conveniently through ACH transfers. This offers a secure and efficient way to fund their accounts and engage in cryptocurrency trading. It's important to note that there is a 1% fee associated with depositing fiat currency via ACH transfer, which should be taken into consideration when initiating deposits.

Withdrawal Process: For withdrawing cryptocurrencies from their tZERO accounts, users have the flexibility to transfer their funds to an external wallet. This process allows users to retain control over their assets and manage their crypto holdings independently. It's worth mentioning that tZERO mentions blockchain recording fees for withdrawing cryptocurrencies, which vary based on the specific cryptocurrency and network congestion. As an example, the withdrawal fee for Bitcoin is currently around $0.0005.

Educational Resources

tZERO provides educational resources and tools to help users enhance their understanding of virtual currency trading and investment. These resources may include articles, guides, tutorials, and videos that cover topics such as cryptocurrency basics, market analysis, trading strategies, and more. The platform aims to empower users with knowledge and insights to make informed decisions in the digital asset markets. It is recommended for users to explore the educational resources available on the tZERO platform to further their understanding of virtual currency exchange.

Is tZERO a Good Exchange for You?

When it comes to trading groups suitable for tZERO, there are a few key factors to consider. Firstly, tZERO offers access to a diverse range of cryptocurrencies, making it appealing to traders who are interested in trading multiple digital assets. This includes experienced traders who may be looking to diversify their portfolio and take advantage of various investment opportunities.

Additionally, tZERO's regulatory oversight by the DFI provides a level of security and protection, making it suitable for traders who prioritize regulatory compliance and want to trade on a regulated platform. This can be particularly appealing to institutional traders who have strict regulatory requirements.

Furthermore, tZERO's 24/7 customer support ensures that traders can obtain assistance whenever they need it, making it suitable for traders who value timely and reliable customer support.

In terms of recommendations for these target groups, it is important for traders to thoroughly research and understand the risks associated with trading cryptocurrencies. They should also consider their investment objectives, risk tolerance, and familiarity with digital assets before engaging in any trading activities. Utilizing the educational resources and tools provided by tZERO can further enhance their understanding and decision-making process.

Overall, tZERO can be suitable for traders who are looking for a regulated platform with a diverse range of cryptocurrencies, strong customer support, and access to educational resources. However, it is important for traders to carefully assess their own needs and preferences to determine if tZERO aligns with their trading goals and risk tolerance.

Conclusion

In conclusion, tZERO is a virtual currency exchange platform that offers a range of advantages and disadvantages. On the positive side, tZERO is regulated by DFI, providing users with a certain level of security and protection. The platform also offers multiple cryptocurrencies for trading, allowing for flexibility and investment opportunities. Additionally, tZERO provides 24/7 customer support, ensuring that users can obtain assistance whenever they need it. However, there are also some downsides to consider. The fees charged by tZERO vary based on trading activity, which may result in higher costs for more active traders. Furthermore, payment methods may vary depending on the user's location, which could pose limitations or additional complications. It is important for users to carefully assess these advantages and disadvantages before deciding to engage with the tZERO platform.

FAQs

Q: What cryptocurrencies are available for trading on tZERO?

A: tZERO offers a diverse range of cryptocurrencies, including popular options like Bitcoin and Ethereum.

Q: Can I trade on tZERO if I am an inexperienced trader?

A: Yes, tZERO welcomes both experienced and inexperienced traders. However, it is recommended for inexperienced traders to educate themselves about virtual currency trading and conduct thorough research before engaging in any transactions.

Q: Are there any fees associated with trading on tZERO?

A: Yes, tZERO charges fees that can vary based on trading activity. It is important for users to carefully consider the fees associated with their preferred trading strategy to avoid any unexpected costs.

Q: What payment methods are accepted on tZERO?

A: tZERO accepts various payment methods, including bank transfers, wire transfers, and other accepted payment methods based on the user's location. It is advisable for users to refer to the tZERO platform for specific details regarding available payment methods.

Q: Is customer support available on tZERO?

A: Yes, tZERO provides 24/7 customer support through channels like email, live chat, and phone. Users can reach out to customer support whenever they need assistance.

Q: Does tZERO provide educational resources for traders?

A: Yes, tZERO provides educational resources such as articles, guides, tutorials, and videos to help traders enhance their understanding of virtual currency trading. These resources cover various topics including cryptocurrency basics, market analysis, and trading strategies.

User Review

User 1: “tZERO's lack of transparent fee information is concerning. Their customer support is unresponsive, leaving users in the dark about important matters. Interface is cluttered and confusing, raising security and privacy doubts.”

User 2: “tZERO impresses with its wide range of available cryptocurrencies and commitment to security. The user-friendly interface, quick deposit/withdrawal speed, and responsive customer support make trading a breeze. Transparent regulation and low trading fees enhance the overall experience.”

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.