Zipmex cryptocurrency exchange is a platform that has been approved by AUSTRAC, allowing Australian customers to deposit money in order to purchase crypto assets like BTC, ETH, ADA, and XRP. It was created with the intention of making it easier for new users to enter the cryptocurrency industry as there are numerous methods for depositing funds and a variety of coins available for buying, trading, and selling. The platform was launched in 2019 and while being based in Singapore, it is fast expanding into other countries and territories. It is fully registered, regulated, and licensed in Australia, Singapore, Indonesia, and Thailand.
Zipmex crypto exchange is fully compliant with the latest anti-money laundering and counter-terrorism financing laws. To prevent bad actors from using their platform, all users must pass a KYC verification process, by signing up with their personal details and then uploading their government-issued identification documents. Furthermore, the exchange is open to users all over the world, however, you cannot access the exchange if you are situated in, or are a citizen or resident of any area that is subject to the United States embargo.
Markets
There are over 60 Zipmex trading pairs available on the platform for trading. The main markets on the platform include crypto and fiat options like BTC, AUD, USD, THB, and SGD. Alongside the Zipmex spot trading option, it also supports crypto-to-crypto and crypto-to-fiat trading pairs. As of writing, the platform does not support margin, leverage, or futures trading options.
In terms of deposits, Zipmex crypto exchange supports crypto and fiat deposits. For crypto deposits, there are no Zipmex crypto fees charged, however, fiat deposits attract a 1% charge on all deposits, capped at $3. There is a $10 charge imposed on USD deposits. Additionally, users who wish to deposit fiat currencies must pay the bank processing fees attached to their transactions. Finally, deposits made with AUD are free.
When it comes to withdrawals, there are Zipmex exchange fees attached. For USD withdrawals, users have to pay a $25 charge, while there is a Zipmex crypto price of 0.0002 BTC on all Bitcoin withdrawals. Withdrawals of other cryptos are dependent on the gas fees of the cryptocurrency in question.
For trading fees, Zipmex crypto exchange charges a flat rate of 0.2% for maker and taker trades. These low trading fees give its users the ability to make more money while trading their crypto assets. Additionally, users who hold the ZMT token get up to a 50% discount on trading fees, however, this is dependent on the amount of ZMT held by the user.
Zipmex cryptocurrency exchange has its own native utility token, ZMT, which can be bought and sold on the exchange. Staking this cryptocurrency allows users to receive interest payments as well as discounted trading fees depending on the amount staked. Furthermore, higher interest rates are available for both flexible and fixed-term staking options. Other benefits include the purchase of Zipmex NFTs, participation in exclusive airdrop campaigns, and priority access to future projects and launches.
Other Services
Zipmex's ZipUp+ feature gives users the opportunity to receive up to 10% interest on 8 different digital currencies, including ZMT, BTC, ETH, USDT, ADA, SOL, and XRP. Interest rates vary depending on the user's VIP level – with the highest rate of return being offered at VIP 4. You can put in and take out any of the accepted cryptos from the Earn wallet whenever you like, without paying a fee. There is no minimum amount that needs to be deposited, thus, even those with tiny amounts of cryptocurrencies can begin to make passive income on their investments.
The platform also offers its own Zipmex Card. Crypto users who use the Zipmex Card to pay with BTC, ETH, or ZMT at retailers that accept Visa can receive rewards of up to 4%. The amount of reward they get depends on how much money they spend each month, as well as their VIP Tier status. Rewards are paid in ZMT tokens and they get transferred into their Z Wallet every month.
Besides, the platform also offers the ZLaunch feature, which essentially is a launch pool that allows projects to launch their tokens and ZMT owners to get early access to these promising projects.
About the Company
Zipmex cryptocurrency exchange, established in 2019 by Marcus Lim and Akalarp Yimwilai, has its headquarters located in Singapore.
Marcus is the co-founder and CEO of Zipmex crypto exchange. Prior to this, he was in charge of Oneflare.com.au, an Australian platform that helps customers find local service providers by providing them with multiple quotes from verified businesses as well as aiding these companies to build their online reputations. Before his role at Oneflare, Marcus served as a military commander after completing his studies at the University of New South Wales.
Akalarp is the CEO of Zipmex Thailand and Co-Founder of the Zipmex Group. With his experience as a lawyer, he has been employed in high-level governmental and corporate finance positions for a number of years and is familiar with foreign and Thai business legislation. He strongly believes that blockchain technology can be used to make positive changes, so he promotes its use along with digital assets.
In terms of partnerships, Zipmex is supported by Jump Capital, B Capital, Bank of Ayudhya in Thailand, Plan B Media Public Company Limited, Master Ad Public Company Limited, BitGo, and TradingView. Furthermore, Zipmex crypto exchange has recently joined forces with Major Cineplex Group, the biggest operator of movie theaters in Thailand, and digital payment service RapidZ to give certain filmgoers the opportunity to purchase tickets using cryptocurrencies like Bitcoin.
The Zipmex trade volume ranged around $139,000 in February 2023. Check out the current Zipmex volume above.
