Sending money across countries is a daily necessity, especially for immigrants supporting their families in their homeland.
Freelancers benefit greatly from this as well, as it allows seamless payments from clients worldwide, propelling this industry to dominate with an expected $597 billion market volume in 2021.
The soaring demand has sparked intense competition among international money transfer services. CoinZoom CoinZoom has joined the race unveiling its cutting-edge service - ZoomMe.
This ambitious system is completely commission-free, making it a popular choice for international money transfers.
Continue reading to discover more about CoinZoom and its innovative ZoomMe service.
CoinZoom and ZoomMe
CoinZoom powers forward with its cryptocurrency trading platform, offering tools and technology centered around customer convenience.
Apart from trading, CoinZoom aims to make cryptocurrency an everyday utility.
Partnerships with payment giants like Apple Pay and Samsung Pay further this vision.
Additionally, the CoinZoom Visa debit card is a gateway for instantly turning crypto to fiat, allowing you to purchase international products and services with ease.
ZoomMe is a recent addition, enabling fast and direct global transfers of currency and crypto.
ZoomMe is a step beyond PayPal and Venmo, integrating effortless crypto transactions.
Above all, ZoomMe breaks barriers with its no-commission, no-hidden-fee promise for money transfers.
Exploring Zero-Commission Benefits with ZoomMe
Employing blockchain technology, ZoomMe provides seamless, fee-free transfers, substituting charges with the use of ZOOM currency.
Owning more Zoom tokens translates to higher transaction capabilities without incurring fees.
Zoom Token
Built atop the Ethereum network, Zoom tokens offer trading fee discounts, listing rewards, and benefits tied to the CoinZoom experience.
Your Zoom token holding limits the amount you can transfer via ZoomMe daily. Account tiers from CoinZoom depend on your Zoom balance:
Select
- Required ZOOM holdings – 1,000
- ZoomMe limit per day – $500
Preferred
- Required ZOOM holdings – 3,000
- ZoomMe limit per day – $1,000
Gold
- Required ZOOM holdings – 12,000
- ZoomMe limit per day – $2,500
Platinum
- Required ZOOM holdings – 50,000
- ZoomMe limit per day – $5,000
Black
- Required ZOOM holdings – 100,000
- ZoomMe limit per day – $50,000
You have the option to directly purchase ZOOM from CoinZoom or earn them through referral incentives.
CoinZoom Card
The combination of CoinZoom cards and ZoomMe maximizes your benefits.
Despite the absence of a CoinZoom card requirement for ZoomMe transactions, holding ZOOM tokens could enhance your Visa card advantages.
The tier-based system similarly affects CoinZoom card privileges, determining your spending and trading advantages.
Top-tier cards like Platinum and Black offer up to a 5% cashback, a suitable choice for frequent crypto users.
Physical cards are currently US-exclusive, while international users can access virtual cards.
How to Send Money Using ZoomMe
Internationally, ZoomMe facilitates fiat and crypto transfers, currently supporting only USD for fiat transactions.
Here's a simplified guide to using ZoomMe.
- Access your 'Portfolio' to view your CoinZoom wallet's currencies.
- Choose the specific fiat or crypto to transfer.
- Enter your recipient's wallet address to approve them.
- Once approved, locate them under the 'Wallet Address' dropdown.
- Pick the wallet address to which you're sending funds.
- Enter the amount you want to send.
- Click submit
Note that hitting 'submit' finalizes the transfer; there is no secondary confirmation.
It's vital to verify the wallet address and amount before sending; mistakes require direct recipient resolution.
Use the barcode icon for quick access to the ZoomMe interface.
How to Receive Money Using ZoomMe
- Your portfolio also shows options for receiving currencies.
- Your ZoomMe identifier appears top left—copy it or share a QR code for ease.
- Your transaction history is accessible, displaying all incoming and outgoing payments on ZoomMe.
If considering this cost-effective system, knowing more about CoinZoom is essential.
Behind ZoomMe
CoinZoom is one of the US-regulated exchanges, holding approval as an MSB across all states.
The platform supports around 25 cryptocurrencies and their trading pairs.
Extra features ensure a smooth trading experience.
CoinZoom's AI identifies trading patterns, providing alerts on market support and resistance trends, and offers over 100 technical analysis indicators.
It provides these trading tools for your convenience:
Access real-time trading from multiple devices on the go.
- Algorithmic trading empowers you to craft and execute strategies automatically.
- Receive real-time updates on every market trend with live order alerts.
- Real-time profit-loss tracking keeps you informed.
- The Depth of Market indicator assesses the volume you can trade without price shifts.
- ZoomMe is one facet of CoinZoom's services, which mainly focus on crypto trading, using ZoomMe and the Visa card to enhance cryptocurrency flow.
CoinZoom serves both novice and seasoned traders, as well as institutional clients with diverse needs.
ZoomMe is a rare find in fee-free global remittance solutions, barring its current limitation to USD transactions.
The Verdict
Still, considering USD's global standing as the reserve currency, it's a useful tool for remitting to developing countries.
ZoomMe enables family and friends back home to receive funds minus punishing fees and poor exchange rates.
Based in Malta, Kane holds degrees in accounting, finance, and financial investigation, presently pursuing a Ph.D. on financial crime in the digital sphere, contributing insights to cryptocurrency publications.
