CoinZoom users can receive trading fee discounts by holding Zoom Tokens (ZOOM) and choosing to pay fees with ZOOM at the time of placing a trade. The discount level depends on the number of Zoom Tokens held in the account. This is in addition to the different fee rates for Simple vs Pro fees, and Maker and Taker Fees. See https://www.coinzoom.com/en/fees-and-limits#trading and this article.
VIP Levels and Discounts
The following VIP levels determine the discount you receive:
VIP Level | Discount | Zoom Tokens Owned |
|
Silver | 10% | 10,000 to 49,999 Zoom Tokens |
|
Gold | 20% | 50,000 to 149,999 Zoom Tokens |
|
Diamond | 35% | 150,000 to 299,999 Zoom Tokens |
|
Black | 50% | 300,000 or more Zoom Tokens |
|
These levels and discounts apply only when trading fees are paid with Zoom Tokens.
Example
If you hold 56,000 Zoom Tokens, you qualify for the Gold level. For a trade that would normally cost $10.00 in fees, paying with Zoom Tokens reduces the fee to $8.00 because the Gold level provides a 20% discount.
How to Apply the Discount
To ensure the discount is applied at the time of your order:
Go to the trading tab
Select a Crypto and attempt to purchase it
A screen will appear with an option to use Zoom token to cover trading fees
Select that option, and discounts will be applied
The system will then apply the correct trading fee discount based on your VIP level.
For more details about Zoom Tokens and VIP levels, visit: CoinZoom Cards