Launched on September 2019 for Australia, Singapore, and Indonesia, Zipmex is a centralized exchange based in Singapore and Thailand. It supports fiat to crypto pairings, AUD, IDR, SGD, USD, and THB. It is reportedly licensed and regulated in different jurisdictions:
Indonesia - Regulated by Bappebti
Australia - AUSTRAC regulated
Thailand - Regulated & Licensed by Thai SEC
Singapore - Applying for PSA (Payment service act license)
What is Zipmex?
Zipmex is a cryptocurrency exchange based in Singapore, established in 2018. The platform facilitates trading in a variety of cryptocurrencies, catering to both seasoned and novice traders.
Mobile Support
While desktops are often preferred for crypto trading, Zipmex recognizes the importance of mobile accessibility. The platform offers a mobile-compatible trading application, available for download on both the AppStore and Google Play.
US-Investor Accessibility
Contrary to some exchanges, Zipmex permits US investors to trade on their platform. However, investors are advised to verify this information due to potential state-specific regulations affecting cryptocurrency trading.
Trading View
Zipmex provides a comprehensive trading view on its platform. Users can access price charts, execute trades, and review order history—all within a user-friendly interface, whether on desktop or mobile.
Trading Fees
Zipmex employs a flat fee structure for spot trading, with both takers and makers charged at a rate of 0.20%. The platform also offers reduced fees for ZipMembers (0.195%) and ZipCrew (0.19%), achievable by holding ZMT tokens, the native token of the platform.
Withdrawal Fees
Withdrawal fees on Zipmex are competitive and vary by cryptocurrency. For BTC withdrawals, the fee is 0.0002 BTC, which is below the global industry average. The platform provides transparent and cost-effective withdrawal options for users.
Deposit Methods
Zipmex supports fiat currency deposits alongside cryptocurrency deposits. However, it's important to note that fiat deposits are limited to wire transfers, not allowing credit or debit card purchases. This fiat on-ramp makes Zipmex an accessible entry-level exchange for new cryptocurrency traders.
What are the trading fees on Zipmex?
Zipmex employs a flat fee structure for spot trading, with both takers and makers charged at a rate of 0.20%. The platform also offers reduced fees for ZipMembers (0.195%) and ZipCrew (0.19%), achievable by holding ZMT tokens, the native token of the platform.
Does Zipmex offer leverage trading?
Zipmex does not currently offer margin trading or leverage options.
