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Zipmex cryptocurrency exchange review

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Find deep order books on Zipmex, the first exchange in Australia to aggregate liquidity from around the world.

  • Great for its high liquidity
  • Not so great if you're looking for volume discounts on trading fees

Details

Product Name Zipmex Cryptocurrency Exchange
Fiat Currencies USD, AUD, SGD, IDR
Cryptocurrencies BTC, LTC, ETH, XRP, EOS
Deposit Methods Bank transfer
Cryptocurrency
POLi
Trading Fee 0.2%
Deposit Fees Cryptocurrency: None
For USD: 10 USD
For AUD: 1% (capped at AUD$3)
Withdrawal Fees BTC: 0.0005
LTC: 0.001
ETH: 0.01
XRP: 0.25
EOS 0.1

Pros

  • Aggregated liquidity
  • High speed trading
  • Fiat currency support
  • Straightforward fee structure

Cons

  • Limited cryptocurrency selection
  • No discounted fee tiers
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, AUD, SGD, IDR
  • Supported cryptocurrencies: 5 cryptocurrencies
  • BTC
  • ETH
  • XRP
  • EOS
  • LTC

Which payment methods are accepted?

  • Bank transfer
  • Cryptocurrency
  • POLi

What's it like to use Zipmex?

Fees and limits

The fees below are accurate as of August 26, 2019.

Platform trading fees

Fee type Fee
Trading fee 0.2%

Deposit and withdrawal fees

Deposit fees
Currency Deposit fee
Cryptocurrency Network fees
USD 10 USD
AUD 1% (capped at AUD$3)
Withdrawal fees
Fiat currency Withdrawal fee
AUD Free
SGD Free
USD 25 USD
IDR 0.2%, 25,000 IDR minimum
Cryptocurrency Withdrawal fee Withdrawal minimum
BTC 0.0005 BTC 0.002 BTC
ETH 0.01 ETH 0.02 ETH
EOS 0.1 EOS 0.2 EOS
LTC 0.001 LTC 0.002 LTC
XRP 0.25 XRP 0.25 XRP

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Varies

Fiat deposit times will vary depending on the currency and your bank.

Cryptocurrency deposits can take a few minutes, depending on the cryptocurrency.

Withdrawals

Clock icon for transfer speed

Varies

Fiat currency withdrawal times vary depending on the bank and currency.

Cryptocurrency withdrawals can take a few minutes, depending on the cryptocurrency.

Is Zipmex safe to use?

  • Regulation. Zipmex is registered with AUSTRAC and complies with AML/KYC requirements. Its partners include established financial services such as AEC Securities.
  • Verification process. Zipmex requires user identity verification for fiat currency deposits, withdrawals and trading. Crypto-to-crypto deposits, withdrawals and trading are available with email confirmation only.
  • Security features. Zipmex recommends 2-factor authentication for your Zipmex account as well as the email address you've used to register your account. Zipmex says it uses an "overlapping security structure". There are no known instances of Zipmex being hacked.

How do I create an account at Zipmex?

Go to Zipmex's website
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What else do I need to know about Zipmex?

Singapore-based Zipmex first opened its doors in 2019.

Zipmex was built by prominent figures in the Australasian business community. The Zipmex CEO and co-founder is Marcus Lim, founder of Australian online marketplace Oneflare, and a winner of the Anthill Entrepreneur Award and the Deloitte APAC Fast 500.

Its advisory board includes the former Stock Exchange Thailand chairman and the vice minister to the deputy prime minister of Thailand.

In a nutshell

Pros

  • Aggregated liquidity. Zipmex aggregates liquidity from global markets and OTC desks.
  • High-speed trading. Zipmex says its platform can process 1.4 million trades per second.
  • Fiat currency support. Zipmex offers USD, SGD, IDR and AUD fiat currency trading options.
  • Very simple fee structure. Zipmex has a very straightforward fee structure: 0.2% trading fees and nominal deposit/withdrawal fees.

Cons

  • No fee discounts. Zipmex doesn't offer discounted fee tiers for high-volume traders like many other exchanges.
  • Limited cryptocurrency selection. Zipmex only offers BTC, ETH, XRP, EOS and LTC.

Ready to sign up?

Go to Zipmex's website
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Compare Zipmex against other exchanges

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
BPAY
Cash
Cryptocurrency
POLi
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH & over 120+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Cryptocurrency
Electronic Funds Transfer
POLi
SWIFT
PayID
AUD, NZD, USD
BTC, BCH, ETH, LTC, XRP, OMG, ZRX, EOS & 3+ more
Trade AUD and other fiat currencies against a wide range of cryptos at competitive rates.
BPAY
Cryptocurrency
Electronic Funds Transfer
Osko
PayID
AUD
BTC, ETH, XRP, LTC, XLM, ETC, OMG, GNT, BAT, POWR, BCHABC, BCHSV
Browse the various coin offerings of this Australian based exchange, where coins can be purchased using AUD, LTC and BTC.

Compare up to 4 providers

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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