ZT Exchange Status Overview: Services Suspended
ZT Exchange, established in 2018 and headquartered in Seychelles, was once a platform offering diverse cryptocurrency services, including spot trading, crypto lending, fixed investment, and liquidity provision. The platform was known for supporting over 800 cryptocurrencies and a wide range of trading pairs, including many low-market-cap cryptocurrencies.
However, according to public information, particularly CoinMarketCap's tagging, ZT Exchange has currently suspended all withdrawal and trading functions. The platform has been listed as a "non-tracking project," meaning its trading volume data is no longer recorded, and its core services have ceased. Therefore, the peer-to-peer trading process described below is merely a historical review and is no longer applicable.
ZT Exchange's Historical Peer-to-Peer Trading Process (No Longer Valid)
During ZT Exchange's normal operation, users typically followed these steps for peer-to-peer trading:
- Registration and Identity Verification: Users first needed to register an account and complete KYC (Know Your Customer) identity verification, which was a prerequisite for depositing and withdrawing cryptocurrencies.
- Deposit Cryptocurrencies: After logging into their account, users would navigate to the "Asset Management" or "Exchange Account" page, select the cryptocurrency to deposit, obtain the deposit address or scan the QR code, and transfer cryptocurrencies from an external wallet to that address. ZT Exchange did not directly support fiat currency transactions but processed fiat-to-crypto conversions through third-party services like Banxa and Moonpay.
- Execute Trades: Users could select the target trading pair (e.g., BTC/USDT) on the trading page and then choose the trade type.
- Limit Order: Users could set their desired buy or sell price, and the order would be executed when the market price reached or surpassed the set price.
- Market Order: Users could choose to buy or sell immediately at the current best market price.
- Withdraw Cryptocurrencies: After completing a trade, users could go to "Exchange Account" within "Asset Management," add a withdrawal address, select the currency to withdraw, enter the withdrawal amount, and confirm.
ZT Exchange used to charge a 0.2% fee per transaction, applicable to both makers and takers. Deposits were generally free, while withdrawal fees varied depending on the cryptocurrency, for example, the Bitcoin withdrawal fee was 0.0005 BTC.
Risk Warning: ZT Exchange Has Ceased Operations
Given that ZT Exchange has currently suspended all withdrawal and trading services, users should be highly vigilant. Any channels claiming to still allow trading or withdrawals on ZT Exchange may pose significant risks. For any digital assets trading platform, users must verify its latest operational status, security records, and user feedback on professional market information platforms like Svmuu before participating to avoid potential risks.
ZT Exchange once claimed to have robust security measures, including over 100 security and bank-grade risk control measures, and employed a decentralized structure and anti-DDOS protection system. Its founding team was also described as having backgrounds from Wall Street and tech giants. However, this historical information does not change the fact that it has currently ceased operations.
ZTB Token: Part of the ZT Ecosystem
ZT Exchange once had a native token, ZTB, which was a component of the Zenith Smart Chain (ZSC). However, with the suspension of the exchange's operations, the utility and value of the ZTB token have also been severely impacted.
