Exceeded

Score

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/10

ZBG

China Hong Kong

|

5-10 years

MSB License|

Suspicious Overrun|

Medium potential risk|

https://www.zbg.com/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

Germany 2.40

Better than 98.91% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

FinCEN

FinCENExceeded

MSB License

Exchange Info

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Company Name
ZBG
Phone of the company
--
Customer Service Email Address
sp@zbg.com
vip@zbg.group

WikiBit Risk Alerts

1
Previous Detection 2024-03-01

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000166169677), please be aware of the risk!

Website

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Time Machine

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User Reviews

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5 ratings

Participate in evaluation
币痴
The website can't be opened, but the words are better than actions, shameless and bottomless
2023-08-06 08:19
1
0
.79756
ZBG’s transaction fees are too expensive! I bought some tokens and the fees cost me a lot of money, which was a headache. Also, their customer service is so slow to respond, so annoying!
2023-11-24 04:35
9
0
币痴
According to Feixiaohao, the platform outside of mainland China is still doing poorly, and the ranking seems to be 54th.
2023-03-14 19:49
0
0
BIT3731583153
The customer service asked me why not brought position. I said I was lack of investment and then he ridiculed me.
2021-08-15 13:05
0
0
F!
No withdrawal after the contract has made money After reviewing for 10 days, I didn’t receive it. Later, I found a Weibo influencer to help me and then they reluctantly gave me the principal.
2021-04-28 17:39
0
0

ZBG · Company Summary

Aspect Information
Company Name ZBG
Registered Country/Area China Hong Kong
Founded Year 2018
Regulatory Authority FinCEN (Exceeded)
Cryptocurrencies Offered 100+
Maximum Leverage Up to 100x
Trading Platforms Proprietary platform based on TradingView
Deposit & Withdrawal Bank card, credit cards, P2P cryptocurrency exchange, third-party services
Customer Support Email, FAQ, Live Chat

Overview of ZBG

ZBG is a virtual currency exchange that was founded in 2018. It is registered in Hong Kong and claims to be regulated by Financial Crimes Enforcement Network (FinCEN), License No.:31000166169677. However, the regulatory status of this exchange has been exceeded.

The exchange offers a variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more. Traders can take advantage of a maximum leverage of up to 100x. Customer support is available through email, an FAQ section, and live chat.

Overall, ZBG provides a platform for traders to engage in virtual currency exchange with a range of supported cryptocurrencies and accessibility through various trading platforms.

ZBG's home page

Pros and cons

Pros Cons
Wide range of cryptocurrencies Regulatory status is exceeded
Maximum leverage of up to 100x No educational resources
Convenient trading platforms
Deposit and withdrawal services

ZBG offers several advantages for users engaging in virtual currency trading. Firstly, the exchange supports a wide range of cryptocurrencies, including popular options such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more. This variety allows traders to diversify their portfolios and potentially take advantage of different market trends.

Additionally, ZBG offers a maximum leverage of up to 100x, providing traders with the opportunity to potentially amplify their profits. The exchange also provides convenient trading platforms, Proprietary platform based on TradingView, which accessible through both web and mobile devices, allowing users to trade on-the-go. Furthermore, ZBG supports deposit and withdrawal services, making it easy for users to manage their funds.

On the other hand, there are a few limitations to consider when using ZBG. One notable drawback is the lack of regulatory authority overseeing the exchange, since the regulatory status of ZBG has been exceeded. This can raise concerns for some users who prefer trading on platforms with established regulatory oversight to ensure a certain level of safety and security.

Additionally, ZBG does not offer educational resources to assist users in learning about virtual currency trading. This can be a disadvantage for novice traders who require guidance and educational materials to understand the complexities of virtual currency trading.

However, ZBG does provide customer support through email, an FAQ section, and live chat, which can assist users in resolving any issues or concerns they have during their trading journey.

Regulatory Authority

ZBG does not have a specific regulatory authority overseeing its operations. However, it is important to note that ZBG's parent company, ZILLION BIZ GLOBAL LIMITED, holds a financial license as a Money Services Business (MSB) issued by the Financial Crimes Enforcement Network (FinCEN). The regulation number associated with this license is 31000166169677. It is worth mentioning that the exchange has exceeded its regulatory requirements, indicating compliance with the necessary regulations.

exceeded FinCEN license

Trading Markets

ZBG Exchange offers a range of trading services for cryptocurrency enthusiasts and investors:

  • Comprehensive Exchange Platform: The platform supports trading in a variety of cryptocurrencies. It features advanced charting and trading tools, catering to both novice and experienced traders. The platform integrates with TradingView for enhanced chart analysis and includes order books, which are crucial for traders needing in-depth market insights.

  • Perpetual Futures Contracts: ZBG provides perpetual futures contracts, allowing traders to speculate on the future prices of cryptocurrencies. These contracts don't have an expiry date, making them attractive for traders who prefer to hold positions for an indefinite period.

  • Margin Trading with High Leverage: The exchange also offers margin trading, enabling traders to trade with leverage. This means traders can open positions larger than their initial capital, potentially increasing their profits. However, it's important to remember that higher leverage also increases the risk of losses, especially in the volatile cryptocurrency market.

These services are designed to accommodate various trading strategies and risk tolerances, from basic spot trading to more complex and high-risk futures and margin trading. ZBG Exchange combines a user-friendly interface with advanced trading tools, providing a diverse set of options for engaging in the cryptocurrency market.

Cryptocurrencies available

ZBG offers a variety of cryptocurrencies for trading. Some of the cryptocurrencies available on the platform include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more. The prices of these cryptocurrencies can fluctuate on the exchange due to market demand and other factors. It is important for users to stay updated with the latest market trends and price movements before making any trading decisions.

Other Services

  • Cloud Mining Services: ZBG provides an opportunity for users to engage in cryptocurrency mining through cloud mining. This service allows users to participate in mining activities by subscribing to power contracts, eliminating the need for personal mining hardware.

  • ZBG Launchpad (SuperLaunchpad): This platform feature supports blockchain projects during their launch phase and assists in getting quality projects listed on the exchange. It includes the 'Rocket plan', a unique price limit mechanism for newly listed coins, which aims to stabilize initial trading and create a fair trading environment.

  • Savings Products: The exchange offers savings products that support multi-currency fixed and flexible savings. These products are designed for low-risk and stable returns, appealing to those looking for less volatile ways to grow their crypto assets. These are part of ZBG's wider range of crypto financial management services.

  • Asset Management Services: Provided under the 'Strategy Plaza' product, these services are managed by a team of professional quantitative asset managers. This service suits users who prefer a hands-off approach to their cryptocurrency investments, relying on experts to navigate the crypto markets.

  • ZBG Token (ZT): The native exchange token, ZT, is used within the ZBG ecosystem for service charge deductions, offering users reduced trading fees. Holding ZT may also provide additional benefits on the exchange, aligning user interests with the platform's growth and success.

These services illustrate ZBG Exchange's commitment to offering a diversified suite of crypto-related services, meeting various needs in the digital currency space from mining and project launching to savings and asset management.

Other Services

How to open an account?

The detailed registration process for ZBG can be outlined in six steps as follows:

1. Go to the official ZBG website and click on the “Register” button.

2. Fill in your email address, password, and any other required personal information in the registration form.

fill in personal details

3. Agree to the terms and conditions of the exchange by checking the relevant checkbox.

4. Complete the verification process by providing any necessary identification documents, such as a passport or driver's license.

5. Verify your email address by clicking on the link sent to your registered email account.

6. Once your account is verified, you can log in and start using the ZBG platform for virtual currency trading.

How to buy Cryptos?

Here's a guide on how to buy cryptocurrencies on ZBG Exchange:

Create an Account: Visit the ZBG Exchange website and register for an account by providing your email address, creating a password, and agreeing to the terms of service. After registration, verify your email by clicking on the verification link sent to your inbox.

Complete Identity Verification: To comply with regulations, you'll need to verify your identity. This typically involves uploading a government-issued ID and confirming your residential address. Be prepared to take a selfie for identity verification if required.

Deposit Funds: Once your identity is verified, you can deposit funds into your ZBG account. You can choose to deposit either fiat currency or cryptocurrencies. The deposit methods available may vary depending on your location and currency preferences.

Buy Cryptocurrencies: Head to the trading section of the platform and select the cryptocurrency you wish to buy. Enter the amount you want to spend or the specific amount of cryptocurrency you want to purchase. Carefully review the order details and then confirm your purchase.

Store Your Cryptocurrencies: The cryptocurrencies you've purchased will be stored in your ZBG wallet. You can opt to keep them in your ZBG wallet for long-term holding or transfer them to another wallet for different purposes.

Remember that cryptocurrency investments can be volatile, and there is a risk of loss. It's essential to conduct your research and understand the associated risks before investing

Fees

Participants in this investment program are subject to a progressive commission structure. They rely on the trader's success in carrying out deals and attracting clients. The maker's and taker's initial commission rates are both set at 0.20 percent.

There are a total of six levels, after which the taker's commission is diminished. Therefore, the investor pays less (in terms of commissions) the higher their level.

Example of commission costs (basic account):

Maker Fees Taker Fees
LV1 0.20% 0.20%
LV2 >= 10,000 / 0.18%
LV3 >= 50,000 / 0.16%
LV4 >= 100,000 / 0.14%
LV5 >= 500,000 / 0.12%
LV6 >= 1,000,000 / 0.01%

For professional accounts:

Maker Fees Taker Fees
LV1 0.20% 0.20%
LV2 >= 150,000 / 0.18%
LV3 >= 300,000 / 0.16%
LV4 >= 1,500,000 / 0.14%
LV5 >= 3,000,000 / 0.12%

Deposit & Withdrawal

deposit & withdrawal

ZBG offers various deposit and withdrawal methods for users to fund their accounts or withdraw their funds. Some common deposit methods include bank card, credit cards, P2P cryptocurrency exchange, third-party services.

The specific options available can vary depending on the user's location and the currencies they wish to use.

Customer Support

ZBG provides customer support through email (sp@zbg.group), an FAQ section, and live chat.

It is recommended for users to visit the official ZBG website or contact customer support directly for detailed information about the customer support hours.

Exchange Comparison

Exchange ZBG Binance Huobi
Fees 0.20% 0.012%-0.10% 0.20%
Cryptos Available 100+ 350+ 700+
Website zbg.com BINANCE.com huobi.com

Is ZBG a Good Exchange for You?

ZBG is suitable for different trading groups based on its features and offerings. The following target groups may find ZBG beneficial:

1. Experienced Traders: ZBG's wide range of cryptocurrencies and maximum leverage of up to 100x may attract experienced traders who are looking for diverse trading options and opportunities to amplify their profits. These traders may already have a deep understanding of virtual currency trading and are comfortable taking risks.

2. Active Traders: ZBG's convenient trading platforms accessible through both web and mobile devices appeal to active traders who prefer to trade on-the-go. These traders require reliable and user-friendly platforms that allow them to make quick trading decisions and execute trades efficiently.

3. Self-Managing Investors: ZBG's support for deposit and withdrawal services is appealing to self-managing investors who prefer managing their own funds and maintaining control over their portfolios. These investors prioritize flexibility and convenience in managing their virtual currency investments.

It is important to note that while ZBG is suitable for these target groups, individual preferences and risk tolerance will ultimately determine if the exchange aligns with their trading needs. It is advisable for potential users to thoroughly research and evaluate the features, fees, and security measures of ZBG before deciding to engage in virtual currency trading on the platform.

Conclusion

In conclusion, ZBG is a virtual currency exchange that offers a variety of cryptocurrencies for trading. It provides users with the opportunity to engage in virtual currency trading and offers convenience through its web and mobile trading platforms. It is important for potential users to gather more information and evaluate these factors before deciding whether ZBG aligns with their trading needs and preferences.

FAQs

Q: What cryptocurrencies can I trade on ZBG?

A: ZBG offers more than 100 cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more.

Q: Does ZBG offer educational resources for traders?

A: No, ZBG does not provide educational resources such as trading guides, video tutorials, or webinars.

Q: How can I contact ZBG's customer support?

A: You can contact ZBG's customer support through email (sp@zbg.group).

ZBG User Review

user reviews

User1: I've known the company for about a year. On the recommendation, so to speak, the enemy came here. With a significant increase in the depot, the execution changed. The withdrawal stopped working after a month of trading. Submission of quotations is fake. These are scammers!

User2: I don't use local exchanges, I am frustrated by centralization and control by the Central Bank. I use international cryptocurrency platforms, in particular ZBG Exchange. I like the design, but the lags drives me mad a little, and because of this the website becomes uncomfortable to work with. The orders execution speed is surprisingly good, although the website is a bit slow. You can customize the display of graphs the way you want. Now a couple words about commissions. Not to say that commissions are large, but the limits can still cause inconvenience, because the minimum withdrawal amount starts from 0.0011 BTC. Without verification, you can withdraw a maximum of two bitcoins. Therefore, the exchange is not suitable for regular using.

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.