Zonda Crypto (formerly BitBay) is a prominent centralized exchange currently positioned at #242 on the BitDegree Exchange Tracker. This exchange has exhibited noteworthy growth, particularly over the last 30 days, showcasing a remarkable 51% increase in its market capitalization. In the cryptocurrency landscape, such rapid expansion is indicative of both user adoption and market interest.
A Comprehensive Guide To Zonda Crypto (BitBay) – 2023
Over the most recent 24-hour period, Zonda Crypto (BitBay) reported an impressive trading volume of $2,807,078, reflecting substantial market activity. Over the span of the past week, its trading volume has soared to an astonishing $846,861,406, underlining its significance within the crypto market.
Zonda (BitBay) distinguishes itself by offering an extensive selection of assets and trading pairs. As of now, it facilitates trading for 61 different cryptocurrencies, extends support for 4 fiat currencies, and boasts a wide array of 104 markets, or crypto trading pairs. Among these, the BTC/PLN trading pair stands out as the most popular, highlighting the platform’s ability to cater to diverse trading preferences.
For traders and investors looking to make informed decisions, the BitDegree Exchange Tracker provides a valuable resource to compare Zonda Crypto (BitBay) alongside other exchanges, aiding in selecting the most suitable trading platform based on individual requirements.
Originally founded in Poland in 2014, Zonda, under the name BitBay, was initially registered in Malta. However, in a strategic move to enhance its credibility and compliance, the exchange underwent rebranding and secured licensing in Estonia in 2021. This transition not only underscores its commitment to regulatory adherence but also positions it as a trustworthy platform in the ever-evolving crypto space.
Apart from its extensive range of trading pairs, Zonda Crypto (BitBay) goes the extra mile to offer a comprehensive suite of services to cater to a global user base, including those from the United States. Notably, users conducting substantial trading activities are required to undergo a Know Your Customer (KYC) process to ensure regulatory compliance and security.
Zonda Crypto (BitBay) is designed to be accessible across various devices, accommodating the preferences of traders. Whether users prefer trading via a personal computer, laptop, or smartphone, Zonda (BitBay) provides a seamless experience, supporting both Android and iOS platforms.
In essence, Zonda Crypto (BitBay) is a dynamic and rapidly growing cryptocurrency exchange with a commitment to regulatory compliance and user-centric services, making it a compelling choice for traders and investors worldwide. As it continues to evolve, its market position and influence are likely to expand, further solidifying its status as a noteworthy player in the crypto exchange ecosystem.
Markets
Zonda Crypto’s spot market platform offers investors access to more than 50 different cryptocurrencies, supporting both crypto-to-crypto and crypto-to-fiat transactions.
Zonda empowers users with tools such as limit orders, stop orders, and the ability to fill or kill orders, alongside the ability to buy and sell cryptocurrencies for fiat currency. Additionally, all these functionalities are complemented by charting tools to ensure accurate analysis before executing trades.
Users can conveniently deposit fiat currencies (USD, EUR, or GBP) directly into their accounts. This means that a new user can quickly acquire cryptocurrency by depositing cash, as Zonda accepts card payments and bank transfers. This service also works in reverse, allowing customers to liquidate their crypto positions and withdraw fiat directly to their bank accounts.
Regarding exchange fees, users are not required to pay a maker fee when trading in BTC or USDC markets on Zonda. However, buyers do incur a fee of 0.1% in these markets. Furthermore, trading fees for trading pairs involving PLN, EUR, GBP, USD, and USDT are based on individual 30-day Zonda Crypto volume. For makers, these fees range from 0.17% to 0.3%, while takers face fees between 0.25% and 0.43%.
Withdrawal and deposit fees vary depending on the specific asset, whether it’s fiat or crypto. For instance, Zonda charges a crypto fee of 0.0005 BTC per withdrawal transaction, a rate slightly lower than the industry standard. For a detailed breakdown of Zonda’s fee structure, please refer to their website.
In summary, Zonda’s platform provides access to a wide array of cryptocurrencies, offering both crypto and fiat trading options with an assortment of trading tools. The ability to deposit and withdraw fiat currencies directly, along with competitive fee structures, positions Zonda as a user-friendly exchange catering to the diverse needs of traders and investors in the cryptocurrency space.
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