Summary: Zipmex is a digital asset exchange that aims to make cryptocurrency trading accessible, secure, and efficient. With a focus on providing a user-friendly platform, it offers a wide range of 49 cryptocurrencies for trading, including Bitcoin, Ethereum, and various altcoins. It is known for its robust security measures, including cold storage solutions and multi-signature wallets, to ensure the safety of users' assets.
What is Zipmex?
Zipmex was founded in 2018 by an Australian entrepreneur Marcus Lim, and a Thai entrepreneur, Akalarp Yimwilai. They both have extensive experience in digital technology and finance, with Marcus Lim previously founding oneflare.co.au, which was acquired by Domain Group (ASX:DHG) for millions. Zipmex has quickly established itself as a leading exchange in the Asia-Pacific region, with operations in countries like Australia, Indonesia, and Thailand.
One of its standout services is the Zipmex Token (ZMT), a utility token that offers users trading fee discounts and participation in staking programs. The exchange also provides a fixed-income product called ZipLock, where users can lock in their assets for a predetermined period to earn guaranteed interest. Zipmex also prides itself on its regulatory compliance, having secured licenses from financial authorities in multiple jurisdictions.
Zipmex is widely regarded for the wide range of features available on its platform. It currently offers 49 of the top cryptocurrencies to be traded against AUD and other currencies with low fees and tight spreads. The exchange also offers a unique 'Earn' feature that allows customers to safely stake tokens for rewards. Here is a quick rundown of the key features:
- Multiple Trading Types: Invest in 49 cryptocurrencies on spot or futures markets through the advanced trading platform with limit and market orders available.
- Staking Services: Stake your assets and earn a yield by using one of the platform's two earn products, Zip Up and Zip Lock. The difference between these two options is the fixed and flexible staking terms. Users can earn boosted rewards by buying and staking ZMT tokens to earn up to 12% APY on tokens paid out daily.
- ZMT Token: The exchanges native token, ZMT gives holders discounted fees for trading and staking.
- Mobile and Desktop Compatibility: It can be used on both mobile and laptop devices, and is available to download on the Apple App Store and Google Play Store.
- ZLaunch: A launchpad feature that allows users to gain access to new digital assets before they become available to the general public on spot markets.
- 24/7 Customer Support: Contact the team at any time of the day through live chat, email and social media platforms.
- Multilingual Platform: Use Zipmex in English, Thai, Indonesian and Singaporean/Mandarin.
Is Zipmex Regulated?
Yes, Zipmex places a strong emphasis on operating within a regulated framework to ensure the utmost security and trustworthiness for its users. The exchange has successfully obtained licenses and approvals from financial regulatory bodies in multiple countries across the Asia-Pacific region.
Specifically, it is regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) in Australia, and it has also secured regulatory approval from Indonesia's Commodity Futures Trading Regulatory Agency, known as BAPPEBTI. In Thailand, Zipmex operates under the oversight of the Ministry of Finance and is one of the few exchanges to have received a digital assets license from the Thai Securities and Exchange Commission (SEC).
Zipmex offers an extensive range of 49 digital assets for trading, featuring a mix of popular cryptocurrencies like Bitcoin and Ethereum, as well as emerging tokens, DeFi coins, and stablecoins. The platform also includes specialised assets such as its own Zipmex Token (ZMT) and interest-bearing accounts through ZipUp. With this broad selection, the exchange is a versatile choice for anyone looking to diversify their crypto portfolio.
The exchange offers a competitive fee structure to accommodate casual and frequent traders. It operates on a maker-taker model, where fees can vary based on your trading volume. Generally, taker fees start at 0.2% and maker fees at 0.15%, but these can decrease for traders with higher monthly trading volumes.
Additionally, Zipmex Token (ZMT) holders can enjoy further discounts on trading fees, adding an extra incentive for using the platform's native token. For those interested in earning passive income, the ZipUp feature comes with its own fees, which are clearly outlined on the interface. The platform provides users with a transparent and affordable trading experience.
It has a mobile application and desktop platform, providing users with the flexibility to trade on the go. The app is available for both iOS and Android devices, ensuring broad accessibility. User experience on the Zipmex mobile app is highly rated, attributed to its intuitive and simple interface. The app has garnered positive reviews across platforms, boasting a high rating on both the Apple App Store and the Google Play Store.
Zipmex emphasises its commitment to customer service by offering 24/7 support through live chat, online form and email. Our experience shows that the support team is generally responsive, which aligns with the platform's focus on user security and regulatory compliance. In addition to customer support, Zipmex also provides a wealth of educational materials, including webinars and articles.
In conclusion, Zipmex stands as a formidable player in the digital asset exchange landscape, particularly in the Asia-Pacific region. Founded in 2018, the platform offers a comprehensive suite of features that cater to all types of investors including beginners and experienced traders. From a wide selection of 49 cryptocurrencies to unique offerings like the Zipmex Token (ZMT) and ZipLock, the exchange provides multiple avenues for asset growth and diversification.