Zipmex is a crypto exchange that supports over a dozen cryptocurrencies and diverse features for users to buy, sell and earn digital assets. But is Zipmex safe and secure? How much does Zipmex charge for deposits and withdrawals? Does it support crypto staking? Read this Zipmex review to uncover all the essential information about this crypto platform.
Zipmex Overview
Zipmex is a crypto exchange established in 2018 and headquartered in Sydney. It supports various cryptocurrencies, ensuring high liquidity and providing users with a world-class trading experience. Whether for institutional or private traders, it helps you maximise your crypto earnings by offering advanced investing features and implementing a highly secure protocol.
Pros
Trading fees of 0.2% for both maker and taker
Aggregated liquidity from global markets & OTC desks
High-speed trading, with 1.4 million trades per second
Easy-to-use TradingView charts and analytical tools
Ziplock & ZipUp staking services for earning up to 10% APY
Cons
A limited range of assets for users to trade
Not offering discounts to high-volume traders
Low level of fame in the digital assets sector.
Coins Supported
Zipmex Australia supports an extensive selection of over 50+ cryptocurrencies. Whether you prefer to buy and hold coins in your wallet or engage in day trading, Zipmex provides efficient options for both strategies.
You can explore all the available assets and choose the ones that align best with your preferences and investment goals. Among the popular crypto assets available on Zipmex are BTC, ETH, BCH, XRP, LTC, 1INCH, AAVE, and ADA.
Zipmex User Interface
The Zipmex dashboard enables users to access real-time Bitcoin price feed, bid and ask BTC prices, and a 24-hour asset performance overview. It also integrates the renowned and user-friendly “Tradingview” interface with a wide range of advanced trading tools and indicators, empowering traders to maximise profits while minimising losses.
Zipmex features a wide selection of time frames and tools for drawing trend lines, adding multiple indicators, and analysing chart patterns, enabling traders to make well-timed trades based on market conditions. You can fill out an order form to buy or sell coins. Taking the trading experience to the next level, Zipmex also assists trading bots, further enhancing the overall trading experience.
Zipmex Fee Structures
Deposit Fees
Zipmex offers multiple deposit options, including bank transfers, POLi, and crypto deposits. The speed of the deposit method will vary based on the specific coin and the bank. Generally, bank transfers may take 1-3 business days, while crypto deposits are free and typically processed within a few minutes.
Supported fiat currencies for bank transfers include the Singapore Dollar (SGD), United States Dollar (USD), Australian Dollar (AUD), and Indonesian Rupiah (IDR). Note that depositing fiat currencies via bank transfers on Zipmex incurs fees. For example, there is a 0.3% fee for SGD deposits and a $25 fee for USD deposits.
Trading Fees
Zipmex adopts a flat fee structure, which means that both takers and makers are subject to the same fee of 0.2% for spot trading. These taker fees for spot trading align with the global industry averages observed in centralised exchanges. The average spot trading taker fees across the industry were 0.215%, while the corresponding maker fees were 0.162%.
Zipmex offers even more competitive trading fees for ZipMember or ZipCrew users. By owning ZMT tokens, the platform’s native token, users can elevate their membership level. As a ZipMember, you can enjoy the reduced trading fee of 0.195%, and for a ZipCrew member, the fee further decreases to 0.19%. To become a ZipMember, one needs to hold 100 ZMT tokens and to qualify as a ZipCrew member, 20,000 ZMT tokens are required.
Withdrawal Fees
Withdrawal fees on crypto exchange platforms are typically fixed and vary depending on the specific coin being withdrawn. For instance, when you withdraw BTC, a small amount of BTC is deducted as the withdrawal fee, and the same principle applies to other cryptocurrencies like ETH.
The average BTC-withdrawal fee was approximately 0.0005 BTC per BTC withdrawal. However, Zipmex charges a lower fee of 0.0002 BTC per BTC withdrawal. This fee is below the global industry average of 0.0004599 BTC per BTC withdrawal, making it a competitive fee offered by Zipmex.
Ziplock & ZipUp Staking
ZipMex ‘Ziplock’ and ‘ZipUp’ enable you to earn passive income from held assets, which can be particularly appealing during market decline or volatility. With Ziplock, you can receive a generous 14% interest on the ZipMex Token (ZMT) and up to 11% interest on US stablecoins. This option offers the highest potential earnings but requires a 45-day lock-in period.
As a more flexible approach to earning interest on your crypto holdings, ‘ZipUp’ allows you to earn up to a 5% bonus on US dollar stablecoins and up to 8% on other coins. Both options calculate and pay out interest daily, and there are no limits on minimum or maximum amounts. The interest you earn will be automatically credited to your ‘Z-Wallet’, ensuring a seamless and hassle-free experience.
Diverse Earning Methods
In addition to staking, Zipmex allows users to earn free crypto coins and prizes simply by playing games on their platform. You only need to download the Zipmex mobile app and log into your account to participate. You can play the games as often as you like and earn tickets based on your score and the referrals you make. Accumulating more tickets increases your chances of winning better crypto prizes at the end of the season.
Aside from the games and staking options, Zipmex also introduces a referral program through which you can earn money. Instead of offering cash rewards for referring friends, Zipmex rewards users with their token ZMT. When your friend signs up on Zipmex Australia using your referral link and locks 250 ZMT on the platform, both of you receive 2.5 ZMT each. If your referral decides to lock away 5,000 ZMT, you and your referral will each receive 25 ZMT.
Zipmex Wallet & Mobile App
Zipmex’s “Wallet” function provides a secure place to store your assets and the opportunity to earn high investment returns by depositing and withdrawing funds. The wallet function proves advantageous when trading cryptocurrencies at low fees, eliminating the need for bank wire transfers or cash deposits.
Zipmex also has a mobile app to provide various features similar to the desktop site. The user-friendly interface ensures easy navigation, requiring users to log into their accounts to get started. Whether buying or selling assets, playing games, managing portfolios, or performing other functions, everything can be conveniently accessed and executed from the palm of your hand. You can easily download the Zipmex mobile app from Google Play or Apple Store
Zipmex Security Features
Zipmex has maintained a robust security record and has not encountered any hacks or security breaches, establishing itself as a safe and reliable trading platform. As a registered entity with AUSTRAC, ZipMex adheres to stringent financial regulations to mitigate the risk of illicit activities such as money laundering, terrorism financing, and cybercrimes within crypto exchanges.
Implementing industry-leading practices, ZipMex employs robust security measures to protect users’ digital assets. These measures include comprehensive customer due diligence and video Know Your Customer (KYC) checks, regular IT audits, and penetration testing. User assets and company capital are segregated to ensure enhanced security, and user details are kept confidential, with no disclosure to third parties.
ZipMex has partnered with BitGo to bolster further security, which serves as a custodian for stored digital assets. Each transaction requires multi-signature technology, ensuring an additional layer of protection. Digital assets in the custody wallet are insured for up to $100 million, providing users with peace of mind.
In-depth Knowledge Hub
Staying informed about the happenings in the crypto space is highly important. Doing so lets you stay updated on market conditions and uncover new projects and their potential implications.
Zipmex has a valuable knowledge database for you to stay abreast of all the latest crypto news. They also provide guides and articles designed to assist novice traders and investors. If you’re new to the platform or the industry and are unsure about how things work, you can conveniently access a wealth of informational posts in the “Learn” section.
Zipmex Customer Support
If you’ve ever experienced the frustration of getting assistance without a response, you’ll understand the importance of reliable customer service. With that in mind, Zipmex ensures that users have multiple avenues to seek help, promptly addressing their concerns and resolving any issues they may face.
Zipmex has a 24/7 customer support team for customers with any problems. The Zipmex website offers informative FAQs that address common questions about platform navigation and customer concerns. If your queries aren’t resolved through the FAQs, they can seek further assistance from the support team via the email [email protected]
Zipmex FAQs
Who is the founder of Zipmex?
Zipmex was established in 2018 by Marcus Lim, an Australian entrepreneur, and Akalarp Yimwilai, a Thai entrepreneur. Both founders bring a wealth of expertise in digital technology and finance. Before Zipmex, Marcus Lim founded oneflare.com.au, showcasing his entrepreneurial prowess in the industry.
Is Zipmex Australia safe to use?
Yes. Zipmex is a trustworthy and secure crypto exchange for users in Australia. It is fully registered with the AUSTRAC, showing its commitment to complying with all relevant laws and regulations. Zipmex also maintains a stringent AML policy, ensuring the highest security and transparency standards for users.
How to trade on Zipmex Australia?
To begin trading on Zipmex, you need to have a Zipmex account. Once you have successfully registered, you can access a diverse selection of coins available for trading on Zipmex. The platform offers competitive transaction fees, making it a cost-effective choice for trading various cryptocurrencies.
How to withdraw fiat from Zipmex?
If you have fiat currency in your Zipmex account, you can quickly initiate a wire transfer to your linked bank account. After you select the option to withdraw and choose the desired currency, provide the withdrawal amount, your bank and your details. Once you have filled in the necessary information, confirm the withdrawal and verify your 2FA link sent to your email. The withdrawal processing time may take up to 48 hours to complete.
How much will Zipmex be worth in 2025?
Many platforms and analysts speculate that Zipmex’s price will experience significant growth over the next five years, potentially surpassing the $0.12 mark by the end of 2025. While such a price projection may be appealing, be aware of the inherent volatility of ZMT and other cryptocurrencies, as their value can shift abruptly and unexpectedly.
The Bottom Line
Zipmex is a generally good exchange for investors seeking to purchase and stake cryptocurrencies. It offers competitive fees, diverse cryptocurrencies, and a distinctive staking feature. However, while Zipmex is a good exchange, Australian users may have other better choices. Other platforms provide a more comprehensive selection of coins, lower fees, and more extensive crypto-staking opportunities. You can read our review of the best crypto exchanges in Australia to explore alternative options and make informed decisions.
