ZIPMEX

Overview of ZIPMEX

ZIPMEX is a virtual currency exchange based in Thailand that was founded in 2019. The exchange is regulated by the SEC, MAS, BAPPEBTI, CEZA, ASIC(Exceeded), ensuring a level of trust and security for traders. ZIPMEX offers a range of popular cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Litecoin (LTC).

Pros and cons

Security

ZIPMEX prioritizes the security of its platform and takes various measures to protect user accounts and funds. The exchange utilizes industry-standard encryption protocols to safeguard user data and employs strict security protocols to prevent unauthorized access to user accounts. ZIPMEX also implements two-factor authentication (2FA) as an additional layer of security for user logins.

Furthermore, ZIPMEX advises users to follow best practices to enhance their account security, such as using strong and unique passwords, regularly updating passwords, and being cautious of phishing attempts.

Cryptocurrencies available

Investors can now optimize their cryptocurrency holdings for a seamless financial journey. Achieve an impressive APY of up to 12% by participating in Zipmex's advanced ZipUp+ initiative. This program offers individuals the flexibility of selecting terms that align with their preferences, all without the constraints of mandatory minimums.

How to Buy Cryptos

To initiate the process of buying cryptocurrencies on ZIPMEX, the first step involves depositing funds into your Zipmex account. Once your account is successfully funded, you gain the ability to utilize the order forms located under the “Buy & Sell” tab for placing orders. It's crucial to note that the choice of a currency pair is significant, determining the specific transactions:

1. Buy Orders:

- If you click the “buy” button and choose a currency pair (x/y), you will be purchasing currency x, and concurrently, currency y will be sold.

2. Sell Orders:

- Conversely, when you click the “sell” button for a chosen currency pair (x/y), you are initiating the sale of currency x, and currency y will be acquired in return.

Fees

The trading fees on ZIPMEX can be significantly reduced by locking a certain amount of Zipmex Token (ZMT) based on your member level. The more ZMT you lock, the higher the discount you get on both maker and taker fees. This incentivizes users to hold and lock ZMT for reduced trading costs.

Deposit & Withdrawal

Deposit & Withdrawal Fees

The crypto exchange, ZIPMEX, conducts routine reviews of its deposit and withdrawal fees, with the possibility of making adjustments every week to ensure equitable and market-relevant charges.

Crypto Deposit Fees [Deposits Currently Suspended]

Presently, all cryptocurrency deposits remain on pause, during which no deposit fees are levied, showcasing the platform's commitment to providing a seamless deposit experience.

Crypto Withdrawal Fees

ZIPMEX implements a flat withdrawal fee for cryptocurrency withdrawals. It's important to note that the withdrawal amount should exceed the withdrawal fee, ensuring efficient transaction processing and user satisfaction.