Constant innovation is the name of the game in the rapidly growing cryptocurrency world. Zipmex has made a name for itself in the crypto universe as a legitimate exchange platform where users can make huge profits by utilizing various customer-friendly features. Based in Singapore, Zipmex is an authorized and regulated digital cryptocurrency exchange. It has the primary aim of providing a series of aggrandized trading facilities and charting methods for crypto investors and liquidity holders.
The platform offers a sophisticated and frictionless user interface, leading to a seamless experience in buying and selling crypto assets. This ecosystem aims to improve and quicken trading by using fiat currency deposits to purchase cryptocurrency assets. Check out a detailed summary before we start with the Zipmex review.
|Supported Fiat Currencies
|AUD, IDR, SGD, USD, and THB
|Singapore, Indonesia, Australia, and Thailand
|30 baht or above
Fiat Currency: USD -> 25USD, SGD -> 0.3%, AUD -> 1% (max $3)
|Maker – 0%
Taker – 0.2%
|Depends on currency
|24/7 via FAQs, Mail, Live Chat, Submit Form, & Help Center Support
Currently operating in Thailand, Indonesia, Singapore, and Australia, Zipmex is one of the prominent digital currency exchange platforms. It offers a wide range of currency options, high liquidity, and a world-class experience, helping investors maximize their earnings. To gain the upper hand in comparison to other exchanges, the platform provides users an array of advanced investing features along with a highly secure protocol to smoothen the process of trading for institutional and privatized traders. Made available 24/7, the customers have the option of investing in multiple crypto commodities like BTC, ETH, COMP, and many more. The Exchange also offers a native token, the Zipmex Token (ZMT).
How Does Zipmex Work?
Functioning on a global level, Zipmex stimulates transactions between fiat and cryptocurrencies. Zipmex facilitates a trader to invest with the help of “blue chips” of any particular cryptocurrency like Bitcoin, Ethereum, Litecoin, and various others. The platform works as a broker and corroborates the value of cryptocurrencies by comparing the latest price feeds of the world’s biggest exchanges and OTC desks to induce liquidity. This system of determining the value of crypto-assets keeps the functioning of Zipmex frictionless while dealing with large trade volumes. Furthermore, it helps customers get lower spreads and instant fiat deposits while trading crypto, thereby minimizing the chances of slippage compared to other crypto exchanges.
This term is used to denote financially strong companies with regular profits even in demanding economic situations. Blue chips indicate blockchain protocol-based currencies holding market capitalization of up to $2 billion in the crypto world. Other factors which play a deciding role in the acquisition of blue-chip status are trustworthiness and ascendancy of the currency in respective standards.
Features of Zipmex
- The platform uses an automated algorithm to determine the best and most authentic prices to buy and sell digital assets at high liquidity.
- The availability of multiple payment methods is another useful feature that widens the opportunities for traders to invest in the platform in their own way.
- The exchange provides the feature of instant trade at a low trading fee of 0.2% per transaction. This feature lets the investors have more value on their digital assets.
- Zipmex has taken good care of its security and insurance section by collaborating with BitGo to provide the traders the best digital wallet security with an insurance policy of around US$100M.
- Another feature of the platform is that one can trade, deposit, and withdraw funds instantly from Zipmex to a bank account. Moreover, instantly exchanging one’s digital assets to fiat currency has never been more simple.
- There is a mobile-friendly web browser and modified app made available by the platform for IOS as well as Android customers.
- Another exclusive feature offered by the platform is that by using ZMT tokens, one can access the status of Zipcrew. This will increase one’s earnings significantly. The customer also gets the additional chance to earn up to 11% APY on their stored assets.
Zipmex Review: Pros and Cons
|The Zipmex Exchange determines price by aggregating liquidity from worldwide markets and OTC desks.
|Unlike its competitors, the Zipmex Exchange does not regularly offer any discounts to high-volume traders seeking investment returns.
|This digital assets exchange boasts of high-speed trading of up to 1.4 million trades per second.
|A limited number of assets to choose from.
|The platform supports Fiat currencies like USD, SGD, USDT and provides multiple AUD trading options.
|Low level of fame in the digital assets industry.
|The exchange charges a simplified and straightforward trading fee of 0.2%.
Zipmex Account Registration Process
As per the Zipmex review and our research, the customers must first open the sign-up page. Then they have to set a username and password and fill in the email info and invite code (if available). After completing the sign-up process, they will receive an email confirmation link. Users need to follow the necessary steps to verify the email. After wrapping up the email verification process, users have to activate the Two-Factor Authentication system to ensure the safety of funds. Next, the user must click on Open Settings and turn the security system on.
They will be required to download a Two-Factor Authentication app like Authy or Google Authenticator. Once done, the QR code technology will enable users to complete the process. Now, they should go to the investment account section and select “Funding” to finish the deposit in the preferred deposit method. Finally, users can start trading with the deposited funds.
Zipmex Exchange Verification
After finishing the sign-up criteria, one must provide verification to initiate the KYC process to use funds or start trading. To trade digital assets, abstract any fraud, and prove full compliance with rules and regulations established by law regarding KYC and AML, the customer must submit a valid ID proof like a driver’s license/passport and a recent selfie. According to the platform, it takes less than an hour to complete basic verification.
Accepted Payment Methods of Zipmex
There are multiple ways to deposit money into the Zipmex investment account, namely Bank transfer, POLi, and cryptocurrency. The time taken to complete a deposit transaction depends on the crypto coin and bank. Generally, It takes around 1-3 business days to deposit currency via the bank wire transfer method, while only a few minutes are needed to initiate a cryptocurrency deposit. For the bank transfer method, the supported fiat currencies are:-
- Singapore Dollar (SDG)
- United States Dollar (USD)
- Australian Dollar (AUD)
- Indonesia Rupiah
Zipmex User Interface
The dashboard offered by the Zipmex exchange is easy to operate. On the top side, one gets the Bitcoin live price feed, bid and ask BTC price and 24 hrs performance of the asset. On the left is the chart area and menu that comes in handy for competent traders to buy and sell an asset. The distinguished platform “Tradingview ”, famous for smooth, spontaneous, and clean charts, provides the charting interface on Zipmex and shows many crypto exchange list. Tradingview offers various advanced trading tools and indicators to help traders maximize profits while keeping loss at the minimum.
A vast array of time frames and tools are offered on the Zipmex platform to draw trend lines, add multiple indicators, and chart patterns while analyzing the market situation to make a perfectly timed trade. An order-entry form is filled to buy or sell any cryptocurrency. A support function is also provided on the platform to address customer grievances. The additional feature of helping bots on the platform takes the trading experience to the next level.
The trading fees become an important factor while choosing a digital assets exchange platform that offers daily returns on investments. It becomes even more crucial when an enormous volume of money laundering exists in the digital assets industry. Zipmex has a transparent fee structure based on different trading actions made by private or institutional investors.
General Trading Fees
A flat 0.2% fee is charged on the buy and sell trade.
- Cryptocurrency: Free
- Fiat Currency: USD – 25USD, SGD – 0.3%, AUD – 1% (max $3)
|Bitcoin Cash (BCH)
|USD Coin (USDC)
|C8 Plus (C8P)
|Zipmex Token (ZMT)
|Sand Token (SAND)
|Stellar Lumens (XLM)
- Fiat Currency
To know more about fee structures that Zipmex charges click here.
On the top shelf of the Zipmex platform, one can access the “Wallet” function to store digital assets. The digital coins storage feature offers investors high investment returns on their everyday enriching activity of depositing and withdrawing funds from Zipmex. Only the account owner has the ability to shift cryptocurrencies from Zipmex to another digital wallet. To initiate this operation, one would need the destination address of the concerned wallet. The wallet function comes in handy when one needs to trade cryptocurrency at low trading fees, abstracting the burden of bank wire transfer/cash deposits.
Zipmex Customer Support
The cryptocurrency exchange provides a dedicated customer support function on the browser as well as the app. There are various FAQs drafted section-wise regarding the navigation of the platform and general issues faced by users. If the issue is not resolved, customers can also use the Contact Us feature to get a solution for their problem. Customer service agents are available 24/7 on [email protected].
Zipmex Review: Conclusion
After going through the Zipmex review, one can conclude that the platform has simplified the system to buy or sell digital assets in the Asia-pacific region. There are numerous benefits of using the cryptocurrency exchange. Low trading fees on high liquidity, instant conversion of fiat currency instantly to digital assets, high-security features based on QR code technology, huge investment returns providing more value on the same assets, and a user-friendly mobile app are some of them.
Despite having such advanced features, it still has to go a long way to overcome some shortcomings like high withdrawal fees and regional limitations along with inappropriate DPT licenses. What is evident from recent advancements in the market of blockchain technology is that the exchange needs to improvise its working and liberate the mechanism of exchanging digital assets worldwide. More information about the exchange should also be made available to increase its awareness among investors.
Is Zipmex Legit & Safe?
Yes, Zipmex is completely legit and safe to use as it is genuinely registered and regulated by the finance laws of the land. The Zipmex- BitGo collaboration has made the platform highly secure as BitGo’s system boasts of the highest standards when it comes to security access. Appropriate KYC verification also helps in keeping hackers or threats away from the customer’s fund.
There hasn’t been any breach in the security protocol of the cryptocurrency exchange to date. Hence, one can rely on its trustworthiness and authenticity when it comes to the security of assets stored in the wallet.
How Does Zipmex Make Money?
Zipmex works as a broker and corroborates the value of cryptocurrencies by comparing the latest price feeds of the world’s biggest cryptocurrency exchange and OTC desks to provide higher liquidity. This system helps traders to earn higher profits by investing in potential assets. The investors can also earn around 11% APY on the assets stored in the Zipmex wallet.
Does Zipmex Offer Margin Trading?
Margin trading function is not yet available on the platform due to some technical limitations. But according to the website, the governing body of Zipmex is in the process of launching this system to accommodate potential investors. Hence, one will have to wait in order to use the leverage system of trading on the exchange.
Does Zipmex Have a Mobile Trading App?
Yes, Zipmex has an app for IOS as well as Android users. The app provides a smoother and faster experience to the users while trading digital as well as fiat currency instantly.