Exceeded

Score

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/10

ZGYE

Singapore

|

2-5 years

Common Financial Service License|

MSB License|

Suspicious Overrun|

High potential risk|

http://zgye.com/

Website

Rating Index
Contact
ZGYE
http://zgye.com/
The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
E

Licenses

FINTRAC

FINTRACExceeded

Common Financial Service License

FinCEN

FinCENExceeded

MSB License

WikiBit Risk Alerts

3
Previous Detection 2024-03-02

The number of the negative comments received by WikiBit have reached 8 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

Common Financial Service License goes beyond their business with the licenses Canada FINTRAC (license number: M21441185), please be aware of the risk!

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000190165071), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Company Name
ZGYE
Regulatory Status
Exceeded
Company Abbreviation
ZGYE
Platform registered country and region
Singapore
Phone of the company
--

User Reviews

More

21 ratings

Participate in evaluation
FX1991377999
Trading on 椰子交易所 is great! Modern features and friendly interface make all operations easy. Very low transaction fees, décou.
2023-12-26 03:17
2
0
Mr.D
Coconut Exchange is truly outstanding, the security is top notch than other platforms. Its rock-solid security and unparalleled customer support removed all of my concerns about digital currency trading.
2023-11-29 19:03
5
0
Jeremy72755
Fraud exchange. After a few successful smaller withdrawals in the beginning it will not allow more withdrawal attempts, at first saying I had to first pay them additional thousands for “personal income tax”, which is fraud (no, I’ll pay the IRS, thanks) and now saying “no permission”. Do not invest here, it is a scam.
2022-09-27 00:02
0
0
我有好大个
The customer service can't be contacted. Sometimes they don't reply when I talk, and I can't withdraw coins. I'm not alone. I found that there are a lot of people like me on Weibo.
2022-08-04 08:20
0
0
我有好大个
The customer service has been unable to contact for two days, and the withdrawal has been showing that the verification cannot be found for two days.
2022-08-03 11:47
0
0
tt tt
Coconut platform is ready to run away, the customer service window has been blocked, everyone be careful
2022-04-23 20:50
0
0
新生活
Exposure to the black platform after depositing funds and not withdrawing funds, freezing my account balance and assets, and withdrawing coins, I also need sufficient funds to unfreeze the account, which is clearly a butchering plate
2022-04-23 17:51
0
0
tt tt
Expose fraud platform that not withdrawing funds after deposit, freezing my account and withdrawal. I also need sufficient funds to unfreeze the account, which is clearly a romance scam
2022-04-23 17:33
0
0
币圈小王子
The pheasant platform, if you can't afford it, close the door and produce paparazzi. Lao Tzu trades normally, and the risk is controlled when you withdraw coins. The risk has been controlled for 7 days. Are you pigs? Can't find it?
2022-04-23 15:10
0
0
侬36563
Coconut ran away, and all 3000u ran. First, it was frozen and not withdrawn, and then it was called risk control audit. Later, the number was directly sealed to clear the data,
2022-04-21 23:31
0
0
侬36563
Withdrawal is rejected and keep delaying it on the ground of review. Then, freeze the account and clear all data.
2022-04-21 05:41
0
0
侬36563
Unable to withdraw coins. The customer service ask me to contact the upper manager and deny the my withdrawal due to this.
2022-04-19 22:01
0
0
侬36563
why not, this
2022-04-19 21:58
0
0
侬36563
Everyone must be fooled, liar platform
2022-04-19 21:58
0
0
way.
Very bad
2022-01-13 16:04
0
0
mango80397
Withdrawing coins had been frozen. What a fraud exchange. Withdrawing coins had been frozen for half a month and had been pulled into blacklist by cutomer service
2021-12-27 22:03
0
0
mango80397
The customer service says to call the police and put customer into blacklikst, and freeze the assets illegally.
2021-12-18 11:34
0
0
mango80397
Do not allow to withdraw and freeze the asset illegally. Do not deposit anymore.
2021-12-17 21:31
0
0
mango80397
Do not allow to withdraw and tell me to ask superiors. There are various reasons and too cocky to ask me to report it.
2021-12-16 23:48
0
0
T25505
Unable to trade and it is lagging so hard. It always crashes when there is big situation. Trash exchange.
2021-12-02 22:55
0
0

View all comments

ZGYE · Company Summary

Aspect Information
Company Name ZGYE
Registered Country/Area Singapore
Founded Year 2-5 years
Regulatory Authority FINTRAC, FinCEN
Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), EOS, Bitcoin Cash (BCH), TRON (TRX), and Filecoin (FIL)
Customer Support Social Media

Overview of ZGYE

ZGYE stands as a distinguished blockchain derivatives trading platform of global repute. To date, ZGYE has garnered the trust and loyalty of a remarkable 1.2 million users across the globe, spanning 26 countries including Singapore, Europe, South Korea, Hong Kong, China, and Southeast Asia. At its core, ZGYE is guided by the pillars of compliance, security, and innovation, with paramount emphasis on safeguarding users' assets. The platform's foremost principle is to ensure the protection of users' asset integrity.

Pros and cons

Regulatory Authority

ZGYE, the virtual currency exchange, is subject to regulation by two regulatory agencies: the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Financial Crimes Enforcement Network (FinCEN). According to the provided information, ZGYE is registered with FINTRAC under the Regulation Number M21441185 and holds a Common Financial Service License. It is also registered with FinCEN under the Regulation Number 31000190165071 and holds an MSB License. It is important to note that both regulatory agencies have indicated that ZGYE has exceeded regulatory requirements.

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Security

ZGYE prioritizes top-tier security to protect users' assets and data. It employs advanced encryption, cold storage, and two-factor authentication to prevent unauthorized access. Regular security audits and strict KYC/AML procedures further ensure a secure trading environment.

Cryptocurrencies available

ZGYE exchange offers a diverse range of cryptocurrencies for trading, catering to a broad spectrum of investment preferences. Users can access and trade popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), EOS, Bitcoin Cash (BCH), TRON (TRX), and Filecoin (FIL), among others. This extensive selection empowers users to explore various digital assets and capitalize on potential market opportunities.

Fees

ZGYE implements a transparent fee structure to facilitate trading activities:

  • Transaction Fee:

    Calculation: The handling fee is computed as the transaction amount multiplied by the handling fee rate.

    • Taker Fee: 0.04%

    • Maker Fee: 0.04%

  • Other Instructions:

    • Minimum Opening Unit: 1 piece

    • Leverage: Users have the flexibility to choose leverage ranging from 1X to 100X.

    • Risk Rate: Take-profit triggers at 1000% to prevent forced liquidation. Stop-loss at 10% to initiate forced liquidation.

  • Funding Costs:The fund fee serves the purpose of enhancing the firm price's alignment with the index price through compensating costs between long and short positions.

    • ZGYEex does not directly charge funding fees; these fees are settled between users.

    • Collection Method: Funding fees are exchanged between long and short positions every 8 hours, specifically at 00:00, 8:00, and 16:00 (UTC+8). These fees apply only if positions are held during these intervals. Closing a position before these times eliminates the funding fee.

    • Positive Funding Rate: Long positions pay short positions.

    • Negative Funding Rate: Short positions pay long positions. If holding positions in both directions, only the naked position's funding fee is computed.

    Contract Name Trading Pair Contract Value Price Precision Max Opening Max Holding
    BTC Perpetual BTC/USDT 0.001 BTC/contract 0.1 20,000 USDT 20,000 USDT
    ETH Perpetual ETH/USDT 0.01 ETH/contract 0.01 10,000 USDT 10,000 USDT
    LTC Perpetual LTC/USDT 0.1 LTC/contract 0.01 10,000 USDT 10,000 USDT
    EOS Perpetual EOS/USDT 1 EOS/contract 0.001 10,000 USDT 10,000 USDT
    BCH Perpetual BCH/USDT 0.01 BCH/contract 0.001 10,000 USDT 10,000 USDT
    TRX Perpetual TRX/USDT 100 TRX/contract 0.00001 10,000 USDT 10,000 USDT
    FIL Perpetual FIL/USDT 0.01 FIL/contract 0.00001 5,000 USDT 5,000 USDT

    Customer Support

    While their website is temporarily inaccessible, you can still access information through their social media channels:

    Twitter:

    You can find updates and information on their Twitter page at https://twitter.com/Liulianex.

    Facebook:

    For updates and insights, visit their Facebook page at https://www.facebook.com/Yeziexchange-108669468111579.

    Conclusion

    In conclusion, ZGYE emerges as a trading platform that provides a diverse range of cryptocurrencies, and competitive trading fees. With efficient deposit and withdrawal processes and responsive customer support, ZGYE fosters a user-centric trading experience. The platform's commitment to stability, privacy, and advanced features further solidifies its standing as a reliable choice for traders seeking a well-rounded and secure trading environment. As with any trading platform, prospective users are encouraged to conduct thorough research to ensure ZGYE aligns with their trading objectives and preferences.

    FAQs

    Q: How diverse is the cryptocurrency selection on ZGYE?

    A: ZGYE offers a wide array of cryptocurrencies, allowing traders to access a broad range of digital assets.

    Q: What order types are available on ZGYE?

    A: ZGYE supports a variety of order types, enabling traders to execute trades in line with their strategies.

    Q: Can you elaborate on ZGYE's stability as an exchange?

    A: ZGYE prioritizes platform stability, minimizing disruptions and ensuring a consistent trading experience.

    Q: How does ZGYE ensure privacy and data protection?

    A: ZGYE implements robust privacy measures to safeguard users' data and personal information.

    Q: Are there any special features for advanced traders on ZGYE?

    A: ZGYE offers advanced features like leverage options, catering to the needs of experienced traders.

    Q: What is ZGYE's approach to liquidity for traders?

    A: ZGYE maintains sufficient liquidity to facilitate smooth trading, minimizing slippage and enhancing execution.

    User Review

    User 1: Hey everyone, wanted to share my thoughts on ZGYE exchange. Security's a top priority for me, and ZGYE nails it. Their multi-layered protection, cold storage, and 2FA are a solid combo. The interface is clean and intuitive, making trading a breeze. Plus, their range of cryptocurrencies is impressive, keeping me engaged. However, customer support could be more responsive; had a bit of a wait. Trading fees are reasonable, but I wish withdrawal speeds were faster. Overall, ZGYE's got potential, just needs some tweaks.

    User 2: Gotta give it to ZGYE for being on the ball with regulation. Knowing they're compliant boosts my confidence. Interface-wise, it's user-friendly, perfect for both newbies and seasoned traders. Liquidity's decent, ensuring smooth transactions. Cryptocurrency variety is vast, which is a plus. My only gripe? The trading fees could be lower, but the privacy measures are reassuring. Deposit and withdrawal speeds are satisfactory, keeping my transactions swift. ZGYE's stability is noteworthy – no major hiccups experienced. Definitely a solid choice.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.