That the crypto market is volatile and users have to take caution is common know-how. Yet, there are lots of platforms, tokens, and misinformation out there that don’t help the decision to trade crypto any easier. While institutions and large crypto clients, aka, “crypto whales” continue to make bank on the crypto craze, smaller traders struggle to catch on.
As a solution, traders who are just venturing into crypto can start copying the trade moves of experts in the field. One tool that offers copy trading as a primary feature is Zenit World, a cryptocurrency application that enables to achieve financial independence through crypto trading. In line with the key objective of the project, making advanced trading strategies and technology accessible to all, its flagship feature Copy Trading allows users to copy the trade moves of expert traders.
Not only is it the perfect exchange to begin your crypto journey with because of its beginner-friendly features, but it is also designed for superior user experience.
In this article, we share everything you need to know about this trading platform–from top features to legal compliance.
What is Zenit World?
Zenit World is a crypto exchange that allows users to do copy trading, staking, swapping, withdrawing, and depositing both cryptocurrencies and fiat currencies like US dollars and Euros. The different cryptocurrencies accepted include Tron, Matic, USD Coin, sZen, Tether USD, ZEN, Binance USD, Bitcoin, Ethereum, and Wrapped BTC. It’s one of the best platforms out there for beginners but great for experienced traders who are looking to diversify their portfolios.
Top Features to Look Out for in Zenit World
- Copy Trading – Follow the trading strategies of professional and institutional traders, automatically copying their trades. This feature is designed to help users learn from experienced traders and improve their own trading strategies while reducing the time and resources needed to do it on their own.
- Swap – Swap one cryptocurrency for another at low fees, on market or limit orders, and with no requirement for complex trading procedures. View a dashboard that aggregates of liquidity of major exchanges so you get the best possible exchange rate.
- ZEN Tokens – With a total supply of 153,000,000 tokens, the distribution of ZEN tokens, native to the platform, is carefully determined to ensure its value. The platform also enables staking.
- Tier System – Based on the number of tokens they own, ZEN token holders can become part of one of the five tiers that reward holders with various benefits like lower transaction fees, and higher exchange limits.
- Staking – Holders of Zen tokens can choose to stake them to obtain sZEN, non-transferable tokens. The amount of sZEN received is proportional to the lockup period, with longer lockup periods resulting in more sZEN tokens received. The more sZens you have the more benefits you qualify for.
- Fiat Wallet – This feature allows users to deposit and withdraw traditional currencies like US Dollars and Euros safely, and even exchange cryptocurrencies for fiat and vice versa.
Compliance
Since the industry is still largely unregulated the onus to safeguard the system from fraud, money laundering, and other financial crimes, lies with each of us. In line with that and in a bid to mitigate the risk of potential financial crimes, many crypto platforms have enabled KYC verification and advanced AML screening systems for new users.
Accordingly, the Zenit World crypto platform has stringent, multiple-tiered KYC verification processes set in place to onboard new users.
What the KYC Process at Zenit World Looks Like:
The KYC verification is carried out through multiple KYC tiers like Silver, Gold, Platinum, and more. The more steps you complete for verification, the higher the tier. Higher tiers also mean you can enjoy the benefits of significantly larger withdrawal, deposit, and exchange limits.
Here’s the rundown of the different KYC tiers and the corresponding deposit and withdrawal limits.
🥈 Silver Tier: Deposit up to $15,000 and Withdrawals up to $5,000.
🥇 Gold Tier: Deposit up to $100,000 and Withdrawals up to $10,000.
💎 Platinum Tier: Deposit up to $500,000 and Withdrawals up to $25,000.
💎💎 Platinum Plus Tier: Deposit up to $1,000,000 and Withdrawals up to $75,000.
The following are some of the processes or documents needed to ensure you tick all the boxes for each tier:
a. Sanction & PEP Screening
b. Document Verification
c. Identity Verification
d. Liveness check and Face Match
e. Known Face Search
f. Video Calls and Interviews (if necessary)
g. Email, Phone, and Address verification
For added reliability, Zenit World has also integrated a blockchain monitoring software to be able to track all the transactions of its users, specifically, to identify the origin and destination of each digital asset, and identify the direct and indirect risk levels and exposures.
Disclaimer:
The content mentioned above is strictly for educational purposes and should not be considered legal advice. To know more about the rules governing the cryptocurrency market, please contact a legal professional.
Learn more about Zenit World and get access to exclusive content, including its latest White Paper.
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