Satoshi Club
Published in

Satoshi Club

CoinZoom x SatoshiClub AMA from 17 December

Satoshi Club is always happy to welcome projects that come back to us with incredible news. And today we would like to tell you about the AMA session with our friends from CoinZoom. The AMA took place on December 17 and our guest was Ben Crosland, the Cofounder and director of Business development for CoinZoom.

The total reward pool was 1000$ and has been splitted in 3 parts.

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Hello, Satoshi Club! We are happy to announce our AMA session with CoinZoom! welcome to Satoshi Club:grinning:

Good evening, dear community! We are delighted to welcome our good old friends from CoinZoom. Greetings @CoinZT! Welcome to Satoshi Club!

Hello everyone

It’s great to be back. The community has grown quite a bit since our first AMA with you. Congratulations :tada:

You’re right! a lot has changed since that time! but we are still glad to see you with us!:heart:

Yes, we always happy to see projects back:wink: and happy to hear news from them!

Tell us a bit about yourself before we hear about your project

Yes, my name is Ben Crosland. I am the Cofounder and director of Business development for CoinZoom.

And besides intro could you share latest news from CoinZoom :grinning:

Yes! Wave made the top 50 of exchanges on CMC this month. Since launching in March of 2020 we’ve onboarded over 100,000 customers to the CoinZoom platform.

We also have a holidays giveaway

Wow, it’s really great achievements! I see you’re growing fast!:grinning:

Every card swipe and trade on the CoinZoom exchange gets you entered in the giveaway

I will definitely participate and try my luck!

Every $10 traded = 1 entry to the giveaway

Super cool!!! When it will end and we will know happy winner name?:grinning:

The Giveaway ends January 1st 2021. Winner will be announced January 5th

maybe it will be me

It could very well be

No, me:joy: Tesla is my dream:joy:

Winner gets to pick $50k BTC or the Tesla

Q1 from Telegram user @Jonahapagu

CoinZoom is following and complying with all rules and regulations for US. We have money transmitter licenses in all states required. The only state left is New York, the Bit License. We should be issued that License in Q1 of 2021. We are also a registered MSB with FinCEN in all 50 states and territories. Our services are not restricted to just US. We have over 100,000 customers in over 180 countries on the platform that are using CoinZoom on a daily basis to buy sell and trade crypto as well as free money transfer services. The CoinZoom Visa card is currently only available in the US but will be available in the UK, Europe, and Canada in the spring of 2021.

I see that you have good lawyers!:+1:

So, rules will be the same for all countries?

What do you mean by that?

How does the card get to anywhere in the world, for example?

I mean, for example, KYC will be required for everyone?

CoinZoom is available to everyone around the world except for countries that are on the OFAC list. For example: Iran, Iraq, Venezuela, North Korea, etc.

Yes KYC is required to register and use the CoinZoom exchange

Europe? Ukraine for example?:wink:

Yes, CoinZoom is available there

Yes I passed CoinZoom KYC. it was easy

Yes it only takes a couple minutes

Q2 from Telegram user @phule13141912

Great question. There are 5 levels of cards and they are all based on the level of ZOOM you are staking. You get the green “select” card for free. When you register with CoinZoom and deposit funds you automatically get the green select card and is activated immediately. Upon sign up you can started spending your crypto instantly. To earn cash back on the select card, you need to stake 1000 ZOOM.
Each Card level has more benefits and rewards. Staking 3,000 ZOOM gets you the “preferred” card. You can spend $1,000 per day and earn 2% back on every purchase.
“Gold” card you earn 3% back on every purchase and can spend $2500 per day. That requires 12,000 ZOOM staking
“Platinum” card gets you 4% back on every purchase and can spend $5000 per day. That requires a staking of 50,000 ZOOM
“Black” metal card gets you 5% back on every purchase, spend up to $10,000 per day. And requires 100,000 ZOOM staked

Which is the price of 1 Zoom now?)

ZOOM = $.0634

So, it’s not hard and expensive to get preferred card:grinning: And staking also gives income, right?

Correct. Staking gets you the cash back rewards. You can also earn interest on our exchange staking Algo and Dash.

What card do you own? Btw

Black metal card of course

Q3 from Telegram user @Brainchest

Hi. CoinZoom AI is a feature we looked to add but is not available right now.

What we will be able to do with it?

It is not a feature. We are updating our site. We will not be adding it to our list of features

Ok, understand

Btw, are any new features that are coming to CoinZoom in the nearest future?)

CoinZoom allows users to spend their crypto at over 53 million locations worldwide and any VIsa ATM. Users can earn up to 5% back, using the CoinZoom Visa card. Our card is a true debit card. It is not a prepaid card like
With the card, you have to sell your crypto and load the card first before you can use it. With the CoinZoom card, you preselect which crypto you’d like to spend. The transaction is all done at the point of sale. Our cards can be used at Hotels, rental car agencies and other places unlike like the prepaid cards of and Bitpay.
The CoinZoom Visa card wil be available in the UK, Europe, and Canada in Spring of 2021.
CoinZoom also features a FREE money transfer service called ZoomMe.
ZoomMe is a P2P money transfer service. Think of Venmo or WeChat pay but for free and cross border. Most payment remittance systems like these are limited geographically and have super high fees involved. With CoinZoom’s unique wallet system we allow our customers to send and receive fiat or crypto to anyone around the world for FREE. How it works? Upon signing up with us, you will create a username for ZoomMe. Once that username is created you can share it with your friends and family all over the world. I sent BCH to my friend in Brazil in milliseconds yesterday. ZoomMe transfers Crypto instantly! If I had sent it out of my BCH wallet to his BCH wallet it would have taken hours.
CoinZoom will also be introducing margin trading, lending, and earning interest in 2021.

Wow, great feature! I think everyone should try it! Great job, Ben:grinning:

What about the fees?

You can learn more about the fees here

Q4 from Telegram user @AmirJosh

We have chosen Algo and Dash because of our unique partnership with our wallet provider BitGo. We will be adding more tokens to staking as we roll out earning and margin next year

What this partnership gives you?:grinning: Can you tell which tokens you will add?

It allows our customers to earn interest on Algo and Dash. I cannot at this time sorry

Q5 from Telegram user @konditer_rolex

Yes, the platform offers charting that has over 100 key technical indicators, depth of market, and price chain analysis.

Nice:grinning: do you have feedback from traders?)

Yes, they love how fast their trades are filled. They also love our choice prices. Our matching engine is very quick and efficient. We also feature price improvement which our traders love.

Very nice! It’s important to listen to your community and i see you did it successfully

Q6 from Telegram user @Arisabela

The platform has met demand. We have had 0 outages and our servers have kept with demand. Our customers are very satisfied with the stability of our platform and being able to benefit from the market rally :chart_with_upwards_trend:

Did you do something special for this?)

We have a world class tech team

By the way, how big is your team

30 on our team right now

Great! You can fight with any storm now!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @lahkoklu

Yes we have a mobile android and IOS app

Q2 from Telegram user @paul_adebayo

Security and Insurance
The safety of clients funds is the main priority for CoinZoom. Cold storage Wallets are provided by BitGo, the leader in digital asset financial services. BitGo Custody carries $100,000,000.00 in insurance protections through a syndicate of underwriters through the Lloyd’s, the world’s specialist insurance and reinsurance market. And this premium service comes in at no additional cost (details can be found here)
The $100 million policy covers digital assets where the private keys are held 100% by BitGo in the event of:
Third-party hacks, copying, or theft of private keys
Insider theft or dishonest acts by BitGo employees or executives
Loss of keys
CoinZoom has chosen BitGo as its custodian because BitGo provides 100% cold storage technology in bank-grade Class III vaults and the BitGo platform is SOC 2 Type 2 certified. Advanced authentication mechanisms are employed to ensure the authenticity of data, and assets are distributed geographically and organisationally.
It is the account holders’ responsibility to safeguard their accounts by means including but not limited to using a strong password, enabling two-factor authentication and controlling all login credentials to CoinZoom.

Q3 from Telegram user @BlancaSdF

Yes ZOOM can be used to discount withdrawal fees, wires, trading commissions, and card rewards

Q4 from Telegram user @Spott

2500 ZOOM is required to stake to get to preferred level in VIP

Q5 from Telegram user @DiegoRME

Yes, you need to go through our KYC process to register. Once you trade $10 on the exchange you automatically enter to win!

Q6 from Telegram user @tuvalunia

Yes it will be listed on 3 other exchanges in 2021

Q7 from Telegram user @nobody301

The ZOOM token is used within the CoinZoom echo system to discount fees and card rewards. You can earn ZOOM by spending with the CoinZoom Visa card.

Q8 from Telegram user @A5loveZ3

No limits in terms of ACH, Wire, or Crypto. Limits with Visa and MasterCard deposits.

Q9 from Telegram user @leixagarcia

We are working on that right now. They will be available in Latin America in the future yes

Q10 from Telegram user @Hengerbert0


Part 3 — Quiz Results

In the final part we tested your knowledge in terms of CoinZoom. They’ve prepared 4 questions for this part. The total reward pool for quiz was 700$.

English Telegram group:
Russian Telegram group:

Spanish Telegram group:
Telegram Channel:

CoinZoom Community:



Premium Crypto Stories That Keep You Ahead of the Curve. Follow Us Now!

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store