Zondacrypto Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, sometimes known as a “crypto exchange,” is an online platform where users may buy, sell, and trade cryptocurrencies. These platforms function as digital marketplaces where individuals and institutions can trade cryptocurrencies for fiat currencies such as US dollars, euros, or yen.

Trading pairings on cryptocurrency exchanges are combinations of two separate cryptocurrencies or a cryptocurrency and a fiat currency. BTC/USD, for example, is the trading pair for Bitcoin and US dollars.

Users can make various sorts of orders, such as market orders (buying or selling at the current market price) and limit orders (buying or selling at a specific price). Some exchanges additionally provide sophisticated order types such as stop-limit and trailing stop orders.

The ease with which an asset can be bought or sold without materially altering its price is referred to as liquidity. Liquid exchanges feature significant trading volume and often offer tighter spreads (the difference between buying and selling prices).

What Is Zondacrypto Crypto Exchange ?

Zondacrypto (ex-BitBay) is one of the largest digital currency exchanges in Europe with over 1 million users. The company was established in 2014 and it is regulated by the Estonian Financial Intelligence Unit (FIU). The Zonda exchange has a policy against money laundering and terrorism financing and ensures the safety and security of the deposits and trading via the platform by applying strict AML and KYC procedures.

Zondacrypto Crypto Exchange Quick Facts

How To Register At Zondacrypto Exchange?

To register on Zondacrypto , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Zondacrypto Exchange Supported Countries

Zondacrypto Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Zondacrypto .

How To Verify Your Zondacrypto Cryptocurrency Account ?

There is no mandatory verification at Zondacrypto , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Zondacrypto , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Zondacrypto Crypto Exchange?

There are two main options for topping up your balance on Zondacrypto . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Zondacrypto Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Zondacrypto Account ?

There are several steps you can take to help secure your Zondacrypto account and protect your funds:

1. Use a Secure Password: Make a complex password by combining upper and lower case letters, numbers, and special characters. Avoid using information that is easily guessed, such as your name, birthdate, or common words. Use a different password for your Zondacrypto account than you do for other internet accounts.
2. Turn on Two-Factor Authentication (2FA): Zondacrypto will most likely provide 2FA options like as SMS codes, email verification, or authenticator apps such as Google Authenticator or Authy.
3. Keep Your Password Up to Date: Change your password on a regular basis, ideally every few months. Reusing outdated passwords should be avoided.
4. Secure Your Email Account: Protect the email address associated with your Zondacrypto account, as it is frequently used for password recovery. If feasible, enable 2FA for your email account. Email links and attachments should be avoided since phishing efforts frequently target email.
5. Avoid Phishing Attempts: Unsolicited emails, texts, or links requesting your Zondacrypto account information should be avoided. Always double-check the integrity of the website or service you’re using.
6. Consider Using a Hardware Wallet: To keep your cryptocurrency offline, consider using a hardware wallet. Because your private keys are not connected to the internet, this adds an extra degree of security.
7. By taking these steps, you can help protect your Zondacrypto account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Zonda Exchange Trading fees

The fees at any exchange are very important to consider. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

Zonda Exchange’s trading fees for takers when trading fiat-to-crypto start at 0.45%. For makers in a fiat-to-crypto trade, the trading fees are 0.30%. Should you instead trade crypto-to-crypto, the trading fees are slightly lower. Takers pay 0.40%, and makers pay 0.25%, in a crypto-to-crypto trade.

Zonda Exchange Withdrawal fees

Zonda Exchange’s withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at approx. 0.0008. But today, see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.

Deposit Methods

At Zonda Exchange, you can also deposit fiat currency. Fiat currency deposits are possible through wire transfer (but not through credit card). As this exchange accepts fiat currency deposits, it is what call an “entry-level exchange”, where new cryptocurrency investors can take their first steps into the exciting cryptocurrency world.

Trade On Go Zondacrypto Is 100% Mobile Friendly

It’s fantastic to learn that Trade On Go Zondacrypto is completely mobile-friendly! Mobile accessibility is critical for traders who wish to maintain their money and make transactions while on the fly. A mobile-friendly trading platform enables customers to use their smartphones or tablets to access their accounts, evaluate market data, and make orders. This is especially beneficial for keeping up with market changes and making quick judgments when necessary.

How To Contact Zondacrypto Customer Support Team?

If you need help with your Zondacrypto account or have any questions, you can contact Zondacrypto customer support through the following methods:

Go to the Official Site: If Zondacrypto has an official website, visit it. Look for a “Contact Us” or “Support” link, which is normally in the footer or header of the website.

Email: Many businesses offer an email address for customer service inquiries. You can send an email to the specified email address describing your problem or query.

Phone Number: Look for a customer service phone number on their website. If there is, you can contact a customer care person by dialing this number.

Live Chat: Some websites have a live chat option that allows you to communicate with a customer service representative in real time. On their website, look for a chat symbol or link.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Zondacrypto customer support can assist you efficiently.

Features Of Zondacrypto Crypto Exchange

Regulation and Compliance

Zonda is regulated by the Estonian Financial Intelligence Unit (FIU), ensuring that it operates within legal and regulatory frameworks. This regulatory oversight demonstrates a commitment to financial integrity and user protection.

Anti-Money Laundering (AML) and Know Your Customer (KYC) Procedures

Zonda enforces strict AML and KYC procedures to verify the identity of its users. This helps in preventing fraudulent activities and maintaining a secure environment for trading.

User Base

Zonda boasts over 1 million users, making it one of the largest digital currency exchanges in Europe. This extensive user base can provide a diverse and active trading community.

Security

Zonda prioritizes the safety and security of user deposits and trading activities. Robust security measures are in place to protect against cyber threats and unauthorized access.

Available Cryptocurrencies

Users have access to a diverse choice of cryptocurrencies, with over 50 coins and tokens available for trade. This variety allows users to investigate numerous investing choices.

Fiat Trading Pairs

Trading pairs with traditional currencies such as EUR, GBP, and PLN are available on Zonda. This makes trading cryptocurrencies and fiat currencies more convenient for users.

Stable coins

Along with fiat currencies, Zonda supports stablecoins such as USDT and USDC. Stablecoins offer traders who want to avoid the volatility of other cryptocurrencies a stable value store.

Trading in Bitcoin (BTC) and Ethereum (ETH)

Zonda allows you to trade in two of the most popular cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH). These are popular options among both experienced and inexperienced traders.

Expansion of Products

Zonda is committed to extending its services and product offerings. The Zonda FIAT Exchange and Zonda Pay are notable innovations that demonstrate a dedication to improving the user experience and extending the platform’s possibilities.

Continuous Development

Zonda’s commitment to continuous development assures that consumers can expect regular platform updates and improvements. This can include additional features, greater security, and better user interfaces.

Zondacrypto Good Or Bad Points

Zondacrypto is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Zondacrypto :

Good points:

1. Regulation: Zonda is governed by the Estonian Financial Intelligence Unit (FIU), which provides monitoring and responsibility. This can increase user trust and confidence in the transaction.
2. AML and KYC Procedures: Zonda has a strict anti-money laundering and terrorism funding policy. Strict AML (Anti-Money Laundering) and KYC (Know Your Customer) processes aid in the prevention of unlawful activities on the platform and the protection of the exchange’s integrity.
3. Security: Zonda places a premium on user deposits and trade security. This dedication to security is critical in an industry rife with hacking and fraud. Users might feel more secure knowing that their investments are safe.
4. Wide Range of Cryptocurrencies : Zonda provides a diverse variety of over 50 coins and tokens. This variation has the potential to attract a diverse user base with distinct interests in various digital assets.
5. Fiat and Stablecoin Trading Pairs: Users can trade cryptocurrencies against traditional fiat currencies (EUR, GBP, and PLN) and stablecoins (USDT and USDC). This versatility can make it easier for users to enter and exit the cryptocurrency market.

Bad points:

1. Limited Geographic Reach: Although Zonda is one of Europe’s major digital currency exchanges, its services may be unavailable to customers outside of Europe. Users from different regions may be inconvenienced by the limited geographic reach.
2. Lack of Longevity: Zonda was founded in 2014, making it relatively new in comparison to other cryptocurrency exchanges. Users may be more likely to trust transactions with a longer track record.
3. Market Competition: The cryptocurrency exchange market is extremely competitive, with many established businesses as well as new ones. Zonda confronts tremendous competition, making it difficult to distinguish out and attract users.
4. Volatility of cryptocurrency prices: The volatility of cryptocurrency prices is well recognized. While this can give trading opportunities, for new or risk-averse traders, it can also result in huge losses.
5. Regulatory Risks: Cryptocurrency legislation can change quickly, and meeting regulatory standards might be difficult. Zonda’s regulatory compliance in Estonia may not protect it from regulatory changes in other countries where its users live.

Is Zondacrypto Is Safe Platform To Trade ?

While Zondacrypto, or any cryptocurrency trading platform for that matter, is safe to use, rigorous research and due diligence are required. Examine customer ratings and feedback, determine whether the platform is regulated by trustworthy financial authorities, and evaluate the security features available, such as two-factor authentication and cold storage for cash.

Consider the platform’s transparency, customer support responsiveness, and pricing structure as well. Remember that cryptocurrency trading entails inherent risks, and you should never invest more than you can afford to lose. If you have concerns about a platform’s safety or authenticity,

Before proceeding, it is best to get advice from financial specialists or regulatory authorities in your jurisdiction. When trading cryptocurrencies, always be cautious and emphasize the protection of your capital.

In summary, Zondacrypto has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

Zondacrypto Conclusion

Finally, Zonda, previously BitBay, has emerged as a major participant in the European digital currency trading sector. With a user base that exceeds one million people, it has established itself as a reliable platform for bitcoin trading. Since its founding in 2014, the company has complied with regulatory requirements, functioning under the supervision of the Estonian Financial Intelligence Unit (FIU).

This regulatory compliance not only displays the exchange’s commitment to legal and ethical principles, but it also provides users with the assurance of a safe and transparent trading environment.One of Zonda’s distinguishing characteristics is its continuous commitment to combatting money laundering and terrorist financing.

It has put in place strict Anti-Money Laundering (AML) and Know Your Customer (KYC) measures to preserve the integrity of its operations and the interests of its users. These measures contribute significantly to the bitcoin community’s trust and legitimacy.

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