CoinZoom AMA Recap
CryptoDiffer team
Hello, everyone!
We are glad to meet here
Todd Crosland (@ToddCrosland), Founder and CEO at CoinZoom
Ben Crosland (@CoinZT), Director of Business Development at CoinZoom
Ben Crosland
Director of Business Development at CoinZoom
Excited to be here!
CryptoDiffer team
Let`s start from the first introduction question:
Q1: Can you introduce yourself to the community? What is your background and how did you join CoinZoom?
Ben Crosland
Director of Business Development at CoinZoom
CoinZoom is founded by the team that started Interbank FX. Interbank was the 3rd largest Forex trading platform in the world. At its peak, Interbank was generating $80 Billion a month in trading volume. In 2012 Interbank FX (IBFX) was sold to a large brokerage the Monex group out of Tokyo Japan. Monex also owns companies like Trade Station. Interbank FX that was founded by @ToddCrosland and he is now founding CoinZoom. We have the same CTO, chief software architects that have built the matching engine, smart order routing software, trade operations, and compliance. You can say this team has done this before and executed at a high level. We know what traders want. We are bringing our decades of experience from FX and commodities trading to the digital asset market.
CryptoDiffer team
Q2: Can you briefly describe what is INT Chain in 3-5 sentences? What technology stands behind INT Chain and why it’s better than the existing one?
Ben Crosland
Director of Business Development at CoinZoom
CoinZoom is a new US and AU regulated crypto exchange. We are the best exchange for customers to buy, sell, and spend crypto assets.
CryptoDiffer team
Q3: What are the major milestones you have achieved so far?
Ben Crosland
Director of Business Development at CoinZoom
CoinZoom sets itself apart by our unique features. This includes the CoinZoom Visa card. After customers sign up with CoinZoom and find their account, they receive a virtual CoinZoom Visa card. This allows customers the ability to instantly spend their crypto at any online retailer that accepts Visa. Customers can also order a physical card to make everyday purchases with crypto. Most crypto cards you have to liquidate the crypto first before it can be spent on the card. With the CoinZoom Visa card, this all happens at point of sale instantly. Customers pre-select the crypto they want to spend ahead of time and debits instantly from their account. CoinZoom also offers a feature called ZoomMe. Think Venmo or WeChat pay but cross boarder. ZoomMe allows users to send their fiat or crypto around the world for free.
CryptoDiffer team
Ok, thanks for such detailed and interesting answers!
Let’s go to the community questions part.
Cryptodiffer Community
Did coinzoom provide liquidity by it’s own marketbook and market order or there is any mark price from other exchange?
Also Could you share about how your security system provide good service protect user asset and data?
Ben Crosland
Director of Business Development at CoinZoom
We are sourcing liquidity to our platform from some of the largest OTC desks in the world. We currently have $2.5 million on the bid and offer for BTC and any given time. Our crypto custodian is BitGo. Our wallets are insured over $100 million. Bitgo has become the world leader in best practices in crypto custody.
Cryptodiffer Community
CoinZoom is always referred to as the new Coinbase rival.
Is this really true? In what ways are you guys competing? What are some of the potentials in CoinZoom that is lacking in Coinbase? I’m confident you would overtake them soon
Ben Crosland
Director of Business Development at CoinZoom
We are cheaper than Coinbase. Cheaper in deposits, exchange fees, withdrawal fees. The Coinbase card is only available in the UK as of now. Our card is currently available in the US and will be available for all of Europe soon. Our ZoomMe feature also differentiates is from them. We are comparable in compliance with all the licenses we have.
Cryptodiffer Community
According to a recently published article by crowdfundinsider.com “CoinZoom is reportedly a US registered Money Services Business with FinCen in all 50 US states and territories. The exchange platform is also a US registered Money Transmitter, and is licensed to offer trading services in more than 45 states”.
Having FinCen is all 50 states of the US is incredibly fantastic, Can you please tell us how you were able to make this possible considering the financial implications? Or does CoinZoom has other revenue streams asides the one it get from CoinZoom exchange?
Ben Crosland
Director of Business Development at CoinZoom
We have spent a lot of our own money to make all of this happen and it’s been a lot. But we are confident that this creates high barriers to entry. Not just anyone can create a US compliant exchange and do what we are doing. It’s through these steps of compliance that helped us create great banking relationships as well as partnership with Visa.
Cryptodiffer Community
I am very AMAZED to CoinZoom in having the BIT LICENCE that only 2or3 exchanges in the world that have now in regards with this.
How will these Licence made the feeling of investors in having TRUST with CoinZoom?
What is the ROLE of Bitgo in CoinZoom in terms of Security?
Ben Crosland
Director of Business Development at CoinZoom
We haven’t secured it yet but we are very close and things look positive to get it.
Cryptodiffer Community
1. What do you think are the main differences between the CoinZoom and the similar services (trading/cards issuance) in the crypto ecosystem? What unique services and advantages are you ready to offer for the crypto community?
2. As i can see you were successfully involved in VC and brokerage before. What attracted you in crypto and how do you see the future of it?
Ben Crosland
Director of Business Development at CoinZoom
One thing that’s sets us apart from all US exchanges is that we have our own native exchange tokens. This allows customers to get access to trading discounts as well as other benefits. With our CoinZoom Visa card, customers can get up to 5% back on all purchases instantly. We are going to be having contests and sweepstakes to engage the crypto community. We currently have a Bitcoin having sweepstakes active on our website for users to get $25k in Bitcoin!
Cryptodiffer Community
How does CoinZoom evaluate the importance of the user community? In the near future, does CoinZoom have any special plans to attract and expand the community?
Ben Crosland
Director of Business Development at CoinZoom
Yes we currently have a bitcoin-halving sweepstakes on our website where the winner can get up to $25k in Bitcoin!
Cryptodiffer Community
What is the percentage of refund that is generated when using the Visa card in any transaction?
Is it true that CoinZoom is based on an independent crypto exchange broker?
Ben Crosland
Director of Business Development at CoinZoom
That is false.
Cryptodiffer Community
Why should i use coin zoom over binance?
Ben Crosland
Director of Business Development at CoinZoom
Binance has had a past of bad compliance and KYC practices. We are bringing best practices from the forex trading space and bringing them to the crypto space. Our team built the 3rd largest forex platform in the world and we look to create the same reputation in the crypto space.
Cryptodiffer Community
What are the major obstacles Zoom team has faced on getting their exchange approved to function within the states of US?
Ben Crosland
Director of Business Development at CoinZoom
Getting all the money transmitter licenses was EXTREMELY hard and expensive. But the CoinZoom team does everything by the book and no shortcuts.
Cryptodiffer Community
Q1: Why did you decide to associate with Visa and not with MasterCard? What benefits did Visa bring you? What are the benefits of using the CoinZoom Visa card?
Q2: What are Coinzoom’s target countries? Where will you expand in the near future?
Ben Crosland
Director of Business Development at CoinZoom
Visa is accepted in more locations around the world than MasterCard. CoinZoom is available in every country except for countries on the OFAC list.
Cryptodiffer Community
CoinZoom plans to follow the same path that other large exchanges followed or do you have another idea in mind?
Should CoinZoom expand in all possible regions?
Ben Crosland
Director of Business Development at CoinZoom
CoinZoom looks to become a digital bank for all things digital assets. We want to be the bank for the bankless.
Cryptodiffer Community
1. Coinzoom is considered by expert a direct competitor of coinbase, and recently they lauch a way to do payments via Google Play, right now Coinzoom have an app on the Appstore , but when we will have an android version?
2. Coinzoom is the first in offer an p2p system like ZoomMe, how an instant trasaction can be completly free? How this can be done?
Ben Crosland
Director of Business Development at CoinZoom
We will be available on Android in 4-6 weeks. With our sophisticated wallet system CoinZoom customers and send their crypto and fiat to friends around the world for free.
Cryptodiffer Community
What are the differences for token holders from the benefits of zoom cards compared to crypto.com, revolut, paysera, skrill and many others?
Todd Crosland
Founder and CEO at CoinZoom
We have several innovative products, besides our Visa card. ZoomMe, our free, international peer to peer payment service is another.
https://www.coinzoom.com/cards/
Cryptodiffer Community
1. CoinZoom is already available on the AppStore for iOS users. What about Android users? Will CoinZoom be on the PlayStore very very very soon?
2. What do you consider are the main benefits of becoming VIP?
Ben Crosland
Director of Business Development at CoinZoom
Android will be available in 4-6 weeks. VIP allows you to get up to 50% discount in trading volume and other benefits. Please see our site.
Cryptodiffer Community
What do CoinZoom team think about the staking economy? How is this implemented in CoinZoom?
What are the benefits can CoinZoom provide to these staking holders?
Ben Crosland
Director of Business Development at CoinZoom
We will provide customers to earn interest soon on Dash and ALGO.
Cryptodiffer Community
Adoption is the main challenge for any cryptocurrency project as well as Exchanges. What are the plans of Coinzoom Exchange for creating awareness about your Exchange to multiple Traders & new users?
Is there any Refferral system provided by Coinzoom exchange where we can earn some coins by inviting friends ?
Todd Crosland
Founder and CEO at CoinZoom
Yes. We have a robust refer a friend program. Just last night one customer referred 300 friends who all opened CoinZoom accounts. That customer will earn $3,000 in ZOOM for his referrals.
Cryptodiffer Community
What trading fees discount are available on your exchange?? If I hold the token, is there special benefit??
What is the progress of futures trading and margin trading on your exchange??
How often do you organise trading competitions on your exchange and are some available for noobs??
Todd Crosland
Founder and CEO at CoinZoom
Hi. We offer trading fee discounts of up to 50% for holding ZOOM. Also, for holding ZOOM you can earn up to 5% back on all purchases. Plus many other perks.
https://www.coinzoom.com/cards/
Yes. It’s very efficient.
Cryptodiffer Community
Currently I see you run quite a lot of AMA in Group, And including Vietnam, whether the market you are targeting is Vietnam, in the time of crisis is over, you will focus on building a coinzoom image in the country. which family?
Ben Crosland
Founder and CEO at CoinZoom
We’re looking to grow our community around the world. We know crypto users from countries around the world can benefit from CoinZoom users.
Cryptodiffer Community
What is CoinZoom long-term vision and how will your team handle all these thing like taxes(US regulation) while still ensure a quality service?
Will CoinZoom launch future trading or derivative trading which has a huge of potential in term of trading volume/risk and do you think Bitmex will be big competitor of your exchange in this aspect?
Ben Crosland
Founder and CEO at CoinZoom
Yes we will be launching leverage trading 3-5x on certain coins in the next couple months. This will also coincide with our upcoming lending program.
Cryptodiffer Community
How do you evaluate the support from community ? What is your stragety to marketing and for Mass Adoption ? What message do you want to send to community through AMA to day ?
Todd Crosland
Founder and CEO at CoinZoom
We have launched our $25k Bitcoin Halving Sweepstakes. This is also helping us group our community.
https://www.coinzoom.com/sweepstakes/
Cryptodiffer Community
The most common & main problems in Cryptocurrency Exchange are Low Liquidity & Users Funds & data security.. Can you tell us How CoinZoom Crypto exchange will solve this problem from its Exchange?
I see there is app available only for iOS ! Doyou have any plans for Android application?
Ben Crosland
Founder and CEO at CoinZoom
Android available in 4-6 weeks.
Cryptodiffer Community
1.How do you expect zoom token price ranges for the end of 2020?
2. I realized in your page that there is some countries aren’t in the list available, those could join your platform soon or you don’t have an extension in your plans?
Ben Crosland
Founder and CEO at CoinZoom
As the community grows and more people hold ZOOM and reap its benefits. The demand for ZOOM tokens will be very high.
Cryptodiffer Community
5 years down the lane where do you see CoinZoom? When it comes to debit card system it’s all about TPS handling & Security! What’s your measure for it?
Ben Crosland
Founder and CEO at CoinZoom
We see ourselves a global leader in the digital asset space. A digital bank per say. We aim to have millions of physical and virtual cards out in the world allowing customers instant access to their crypto. We have insured best practices in issuance of cards.
Cryptodiffer Community
Could you give me 3 key points to convince me and other investors joined Zoom Staking? Whats APR You’re providing to your users?
Partners in every project play a huge role as backup and support at every start of a project and company, so my question is What role do your partners play in the ecosystem of Zoom and what benefits do they have for being a partner
Todd Crosland
Founder and CEO at CoinZoom
Staking ZOOM provides the following:
VIP status for Preferred, Gold, Platinum, and Black include:
– Higher daily spending limits
– Trading discounts of up to 50%
– Up to 5% back on CoinZoom Visa purchases
– Higher daily ZoomMe transfer limits
– Free wires
– Airdrops from newly listed projects
– etc, etc
https://www.coinzoom.com/zoom-token/
https://www.coinzoom.com/vip/
https://www.coinzoom.com/cards/
Cryptodiffer Community
How do you evaluate the support from community ? What is your stragety to marketing and for Mass Adoption ? What message do you want to send to community through AMA to day ?
Todd Crosland
Founder and CEO at CoinZoom
Lots of AMA, marketing, Refer a Friend, etc.
Cryptodiffer Community
Q1: is it true that CoinZoom has a mobile app that records a virtual copy of the card?
Q2: Is there any possibility to manage and trace every transaction executed by users?
Ben Crosland
Founder and CEO at CoinZoom
Yes upon sign up and funding your account every CoinZoom customer receives a virtual debit card.
We have sophisticated active transaction monitoring for detecting fraud.
Cryptodiffer Community
What trading fees discount are available on your exchange?? If I hold the token, is there special benefit??
Ben Crosland
Founder and CEO at CoinZoom
By holding ZOOM you can get up to 50% discounts in trading fees. Also you can send up to $10,000 through ZoomMe.
Cryptodiffer Community
What are the features as an exchange ZOOM exchange offers that no other exchange offer?
Todd Crosland
Founder and CEO at CoinZoom
CoinZoom Visa card. ZoomMe, our free peer to peer global payments systems for both fiat and crypto. Send to friends anywhere, anytime, instantly for free.
Cryptodiffer Community
What is your business model? Who are your potential customers and which markets are you targeting on?
What is your long-term vision about the industry which CoinZoom is working at? Can you describe why I should use CoinZoom instead of others? Which types of advantages traders perceive in your platform?
Ben Crosland
Founder and CEO at CoinZoom
We are committed to using the latest technology to guard your information and accounts. We also provide opportunities for you to enhance our security measures by taking some actions on your own including
• Multi-layer security protections.
• Cold Storage Assets held by Institutional Qualified Custodians
• Assets insured by our qualified custodian for +$100M
• Multi-Signature wallets
• Multi-Factor authentication
• Multi-Factor authorization
• Account level security controls & notification
• USD held in FDIC insured accounts
We are the only US exchange with it’s own exchange token, this makes it super easy for customers to get discounts on trading.
Cryptodiffer Community
What is your business model? Who are your potential customers and which markets are you targeting on?
What is your long-term vision about the industry which CoinZoom is working at? Can you describe why I should use CoinZoom instead of others? Which types of advantages traders perceive in your platform?
Ben Crosland
Founder and CEO at CoinZoom
The ZOOM token will have greater utility than any other exchange token in the world. Once it becomes free trading, users will be able to spend their ZOOM with the CoinZoom Visa card to make everyday purchases.
Cryptodiffer Community
I am VERY SURE that CoinZoom will become a GLOBAL LEADER IN DIGITAL ASSETS
Will the announcement of CoinZoom last march 18 of OPENING YOUR DOORS TO USERS is the stepping stone to achieve this?
What are your advantage over your competitors in able to become a PREMIER DIGITAL BANK FOR ALL THINGS DIGITAL ASSETS?
Todd Crosland
Founder and CEO at CoinZoom
Some advantages include:
– Partnership with Visa
– ZoomMe- Free peer to peer global payments for crypto and fiat
– Premier fiat gateway. Fund with Visa and MasterCard and other options
– Robust API for high frequency traders
– Deep liquidity. Over $2M USD on the bid and offer for BTC.
– Complete ecosystem for owning and using ZOOM tokens for discounts and a myriad of benefits
Cryptodiffer Community
Why should we choose to use CoinZoom instead of well-know US exchange like Coinbase or Binance US?
Which marketing strategy does CoinZoom have to attract more users to your exchange platform?
Ben Crosland
Founder and CEO at CoinZoom
If you are a US citizens, CoinZoom is the only exchange that offers you a Visa card in which you can spend your crypto like money at any retailer worldwide. I doubt with reputation and past of Binance that they will ever secure a partnership with Visa like we have.
Cryptodiffer Community
The advantage of using CoinZoom is “upon sign up,costumers receive a virtual visa card and can spend their crypto instantly”
Can you explain How this advantage of CoinZoom let CoinZoom to work remotely?please
What is the ROLE of ZoomMe of working remotely with CoinZoom?
Ben Crosland
Founder and CEO at CoinZoom
Yes, once you get the virtual card. You can go on Amazon or Alibaba and buy something with your bitcoin. ZoomMe allows you to send money and crypto to people from different countries.
Cryptodiffer Community
1. The biggest problem of all exchanges are the liquidity rate, but you have a lot of experience in this field, also in the website you afirm this with the “Deep liquidity”, so which tools have Coinzoom to improve the liquidity and scalability in these hard days to Crypto?
2. To me the quality of any exchange is the trading tools than the platform provide, Apart of the typical EMAs, Bolliger and MACD, Coinzoom have others kind of indicators? The VIP members have access to special tools of trading?
Todd Crosland
Founder and CEO at CoinZoom
We have over 150 technical indicators for traders. If you use it, we have it. Remember our teams entire DNA has been founded on decades worth of high frequency trading.
Cryptodiffer Community
What trading fees discount are available on your exchange?? If I hold the token, is there special benefit??
Ben Crosland
Founder and CEO at CoinZoom
With holding ZOOM you can get up to 50% discount on trading fees.
Cryptodiffer Community
What criteria do you use in listing of coins and delisting of coins??
Todd Crosland
Founder and CEO at CoinZoom
Here is our listing application
https://www.coinzoom.com/coin-listing/
Cryptodiffer Community
It seems the Zoom trading pair is locked for buying and selling. When can Zoom be purchased and sold back to normal?
Ben Crosland
Founder and CEO at CoinZoom
ZOOM can be bought now only. Just click on the ZOOM tab to purchase. The ZOOM token will be available to trade in the next 2 months.
Cryptodiffer Community
How you solve liquidity problem that currently have are many exchanges? And why the name is CoinZoom?
Ben Crosland
Founder and CEO at CoinZoom
We have the largest OTC desks steaming liquidity to our platform as we speak. There is currently $2.5 million on bid and offer for BTC on any one trade.
Cryptodiffer Community
Q1 : All we know that collaborations in industry is very crucial in order to survive and dominate in long term. What kind of collaborations/Cooperations have been made by CoinZoom ?
Q2 :How does CoinZoom rate the importance of the user community? What was CoinZoom ‘s plan to build the user community?
Todd Crosland
Founder and CEO at CoinZoom
We have several large partnerships and are working on additional ones as well.
Here is a recent one: https://finance.yahoo.com/news/investview-otcqb-invu-adopts-coinzoom-143010960.html
Cryptodiffer Community
How will CoinZoom users get from achieving the platform’s goals? How to get can motivation to use CoinZoom in long term? How will you plan to dominate market?
Ben Crosland
Founder and CEO at CoinZoom
Early CoinZoom adopters and holders of ZOOM will benefit greatly as we start to onboard tens of thousands of customers and the demand for ZOOM increases for customers to use its benefits in trade discounts, interest bonus, 5% on all purchases.
Cryptodiffer Community
1: Currently, users have a lot of choices about exchanges to manage their assets, so what is CoinZoom plan to promote your brand in Vietnam and the world?
2: Currently KYC is an indispensable part of most exchanges. So why not you use KYC and how can you prevent illegal user activity?
Todd Crosland
Founder and CEO at CoinZoom
CoinZoom utilizes KYC. Our partnership with Visa and our Banks require this.
Any legitimate exchange that offers a fiat gateway require KYC as well.
Cryptodiffer Community
Adoption is one of the important factor that all sustainable blockchain projects should focus to be more attractive in the investors’ eyes. Can you tell me what CoinZoom has done and plan to do to achieve ADOPTION in the reality, real use cases, our real society…?
Ben Crosland
Founder and CEO at CoinZoom
CoinZoom wants everyone the ability to use their crypto in everyday situations. We solve this with the CoinZoom Visa card. Allowing customers to spend their bitcoin like money everywhere.
Cryptodiffer Community
Why is CoinZoom better than other platforms? How can CoinZoom provide security to user funds?
Ben Crosland
Founder and CEO at CoinZoom
We are committed to using the latest technology to guard your information and accounts. We also provide opportunities for you to enhance our security measures by taking some actions on your own including
• Multi-layer security protections.
• Cold Storage Assets held by Institutional Qualified Custodians
• Assets insured by our qualified custodian for +$100M
• Multi-Signature wallets
• Multi-Factor authentication
• Multi-Factor authorization
• Account level security controls & notification
• USD held in FDIC insured accounts
Cryptodiffer Community
Q1: Will CoinZoom develop her native token, as this is the case with other platforms, as this can serve as fuel for the ecosystem
Q2: Explain more about your double 12 contract trading reward month, how are you able to pull off such great event and what is the financial impact? Also how do you intend to deal with those who will open accounts just for the bonus
Ben Crosland
Founder and CEO at CoinZoom
Yes we have our own token called the ZOOM token.
Cryptodiffer Community
Could you share with us the special feature of CoinZoom Visa cards that other visa cards don’t have?
Ben Crosland
Founder and CEO at CoinZoom
The ability to spend crypto as well as use crypto at any ATM and get fiat out instantly.
Cryptodiffer Community
What is the requirements to become vip user?
What is the benefit being VIP user than regular user?
Ben Crosland
Founder and CEO at CoinZoom
The more ZOOM tokens you hold, the higher VIP levels you can participate in. This includes trading discounts, higher ZoomMe payment limits, up to 5% back on all purchases instantly.
Cryptodiffer Community
There is many regulation if we talk about Visa and most important level is Cryptocurency, How does CoinZoom team handle regulation in certain country that use too much law and rule on their monetary system?
Ben Crosland
Founder and CEO at CoinZoom
We make sure we follow all laws in terms of card issuance. This is why we are only issuing in the US of right now. Will be available in Europe soon.
Cryptodiffer Community
What technology is used to protect users’ data from hacking ? Have you ever been exposed to a hacking? I think the security is the most important thing what about you?( What is the most important thing you are focus on ?
Ben Crosland
Founder and CEO at CoinZoom
We are committed to using the latest technology to guard your information and accounts. We also provide opportunities for you to enhance our security measures by taking some actions on your own including
• Multi-layer security protections.
• Cold Storage Assets held by Institutional Qualified Custodians
• Assets insured by our qualified custodian for +$100M
• Multi-Signature wallets
• Multi-Factor authentication
• Multi-Factor authorization
• Account level security controls & notification
• USD held in FDIC insured accounts
Cryptodiffer Community
Why did you sell IBFX? Is there a background story with a lesson that brought you to Coinzoom?
Todd Crosland
Founder and CEO at CoinZoom
We started IBFX in 2001. We became the 4th or 5th largest FX brokers in the world. We had customers from over 140 countries. Offices in 5 countries. Our trading volume reached over $80B USD per month.
Super fun company. Great team and very successful. Sold the firm to the Money group in Tokyo. It was a great deal.
Then we started CoinZoom Securities, a SEC, Finra registered Investment Bank.
Now we have just launched CoinZoom. We feel that CoinZoom is the collective result of all of the teams global brokerage firm experience.
CoinZoom is going to lead the world in mass adoption of crypto currencies.
Cryptodiffer Community
1: How does CoinZoom evaluate Asian market? What are your long-term goals for this market?
2: What are the memorable milestones of CoinZoom in the research and development process?
Ben Crosland
Founder and CEO at CoinZoom
CoinZoom has a strategic partner in Japan. We are very fond of the Asian market. https://www.google.com/amp/s/markets.businessinsider.com/amp/news/okwave-announces-investment-in-u-s-cryptocurrency-exchange-coinzoom-1028240798
Cryptodiffer Community
Why CoinZoom?
Ben Crosland
Founder and CEO at CoinZoom
Why not CoinZoom 😉
Cryptodiffer Community
Could you please go into details about your account security system and how its many layers work together to protect user’s funds?
Ben Crosland
Founder and CEO at CoinZoom
We are committed to using the latest technology to guard your information and accounts. We also provide opportunities for you to enhance our security measures by taking some actions on your own including
• Multi-layer security protections.
• Cold Storage Assets held by Institutional Qualified Custodians
• Assets insured by our qualified custodian for +$100M
• Multi-Signature wallets
• Multi-Factor authentication
• Multi-Factor authorization
• Account level security controls & notification
• USD held in FDIC insured accounts
Cryptodiffer Community
Why is CoinZoom better than other platforms? How can CoinZoom provide security to user funds?
Ben Crosland
Founder and CEO at CoinZoom
We are committed to using the latest technology to guard your information and accounts. We also provide opportunities for you to enhance our security measures by taking some actions on your own including
• Multi-layer security protections.
• Cold Storage Assets held by Institutional Qualified Custodians
• Assets insured by our qualified custodian for +$100M
• Multi-Signature wallets
• Multi-Factor authentication
• Multi-Factor authorization
• Account level security controls & notification
• USD held in FDIC insured accounts
Cryptodiffer Community
Q1 : All we know that collaborations in industry is very crucial in order to survive and dominate in long term. What kind of collaborations/Cooperations have been made by CoinZoom ?
Q2 :How does CoinZoom rate the importance of the user community? What was CoinZoom ‘s plan to build the user community?
Todd Crosland
Founder and CEO at CoinZoom
https://finance.yahoo.com/news/investview-otcqb-invu-adopts-coinzoom-143010960.html
https://www.financemagnates.com/cryptocurrency/news/okwave-to-invest-in-crypto-exchange-coinzoom/amp/
Cryptodiffer Community
Why is ZOOM token for on your platform? How to get can motivation to hold ZOOM token in long term? How easy is it to use CoinZoom in your existing infrastructure?
Ben Crosland
Founder and CEO at CoinZoom
ZOOM tokens are apart of the CoinZoom echosystem. It allows customers to get various benefits including 50% discounts on trading fees, $10,000 ZoomMe limit, 5% back on all purchases. Early CoinZoom adopter will reap the benefits for supporting ZOOM.
Cryptodiffer Community
Q1 : All we know that collaborations in industry is very crucial in order to survive and dominate in long term. What kind of collaborations/Cooperations have been made by CoinZoom ?
Q2 :How does CoinZoom rate the importance of the user community? What was CoinZoom ‘s plan to build the user community?
Ben Crosland
Founder and CEO at CoinZoom
We have many collaborations in the works right now. Follow us on Facebook and Twitter for more updates 😉
Cryptodiffer Community
Trust is very important in business. So, what makes investors, customers and users feel safe when working with Coinzoom?
How will you get the trust of many users that have negative thoughts about Blockchain?
Todd Crosland
Founder and CEO at CoinZoom
I agree with you that Trust is key.
CoinZoom is regulated in both the US and AU.
Our regulatory status is a big plus when evaluating CoinZoom
https://www.coinzoom.com/legal-licenses/
Cryptodiffer TEAM
Thank you @ToddCrosland and @CoinZT for your time!
Great answers!!
Let’s finish the ama!!!
