CoinZoom

CoinZoom: buy, sell and use cryptocurrencies with a Visa card

CoinZoom is a cryptocurrency-focused financial services platform, established in the United States in 2018 by professionals from the traditional financial sector. Its offering combines the buying, selling, custody and use of digital assets with payment and international transfer tools. The company states it operates in 169 countries, with a customer base split roughly evenly between the United States and the rest of the world.

Main products and services

CoinZoom's offering is built around several products:

• Visa debit card: lets you spend cryptocurrencies at merchants. According to the company, it offers up to 5% crypto back on every purchase, has no annual fee, is available as an instant virtual card and is accepted at more than 175 million merchants and over a million ATMs.
• ZoomMe: a feature for sending money globally, including USD, stablecoins and cryptocurrencies, to any CoinZoom user. The company states that transfers are instant, available 24/7 and fee-free.
• CoinZoom Cash: a service that lets you choose between cash, stablecoins or cryptocurrencies for use and to earn instant rewards.
• Mobile app: available for iOS and Android, it lets you buy, sell and manage more than 40 digital assets, including USDT, USDC, BTC and ETH. It includes market, limit and recurring orders, real-time charts, portfolio analytics, biometric login and two-factor authentication. The company notes that the app has a 4.7-star rating.
• Trading: access to markets to trade the supported assets.

Security and regulatory compliance

CoinZoom applies identity verification to all customers through multi-factor authentication and offers enhanced protection for vulnerable customers. The company holds SOC 2 accreditation, aimed at enterprise data security standards. On the regulatory side, it operates as a Money Services Business registered with FinCEN in the United States, holds money transmitter licenses in all 50 states and territories, has a digital currency exchange license in Australia and holds European VASP licensing for its expansion in the European Union.

Recognition and partnerships

The company is a Visa partner and was selected for Ernst & Young's 2021 Entrepreneur of the Year program. It has also been named among Utah's fastest-growing companies.

Access model and coverage

Account opening takes less than two minutes, with no minimums or monthly fees, according to published information. CoinZoom serves individuals, families and businesses, and its app is available in 169 countries. The company emphasizes that crypto assets are volatile and carry risk of loss, and that the rewards program is subject to terms.