The era of cryptocurrencies is creating a lot of hype day-by-day. It is quintessential that you grow along with these emerging technologies.
If you haven’t been aware of the cryptocurrency exchanges that are trending in the crypto world then let me take you through a ride of the Zipmex Exchange Review.
What is Zipmex Exchange?
Zipmex Exchange is the first Australian exchange to cluster liquidity from around the world. Basically, a Zipmex Exchange is a digital asset exchange, focused on providing retail and institutional investors with secure investment into cryptocurrencies. The exchange mainly aims at providing exceptional cryptocurrency trading experience to all its users.
The Zipmex Exchange came into existence in 2019. The most prominent figures of the Australiea Business community are the creators of this exchange. Marcus Lim who is the co-founder and CEO of Zipmex, is also the founder of Australian online marketplace Oneflare as well as winner of Anthill Entrepreneur Award and Deloitte APAC Fast 500. The former Stock Exchange Thailand chairman, and the vice minister to the deputy prime minister of Thailand are a part of the advisory board.
Currencies Supported
The zipmex exchange supports Fiat currencies as well as Cryptocurrencies. The Fiat currencies supported includes USD, AUD, SGD, and IDR. Also, the exchange supports a range of top cryptocurrencies like Bitcoin, Ethereum, Ripple, EOS and Litecoin.
The payments processed in Zipmex are through various methods like: Traditional Bank Transfer, Cryptocurrencies and POLi Payments Pty Ltd. With a combination of advanced trading features and charting tools, the Zipmex platform allows its users to access the liquid market with a wide range of cryptocurrencies.
Zipmex Fees
In Zipmex Exchange, the deposit and withdrawal fees are adjusted as per the blockchain and fiat transfer conditions. The platform trading fees that the exchange follows is 0.2%.
The deposit fees for the Zipmex Exchange is as follows:
| Currency | Deposit Fees |
| Cryptocurrency | Network fees |
| USD | 10 USD |
| AUD | 1% |
The withdrawal fees for Fiat currencies is as follows:
| Fiat Currency | Withdrawal Fee |
| AUD | Free |
| SGD | Free |
| USD | $25 |
| IDR | 0.2%, 25000, IDR minimum |
The Withdrawal fees for various cryptocurrencies is mentioned below:
| 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 |
The Zipmex Exchange is available worldwide except for the USA. The exchange has no app yet, although the website is mobile-friendly. While performing crypto-only trading there is no ID verification required. While performing fiat currency trading, the user needs to upload proof of ID and residence.
Pros:
- The Zipmex Exchange aggregates liquidity from global markets and OTC desks.
- This exchange platform has high speed trading wherein it can process 1.4 million trades per second.
- Zipmex exchange supports Fiat currencies like USD, SGD, IDR, and AUD trading options.
- The exchange has a simple and straightforward fee structure of 0.2% trading fees, and nominal deposit/withdrawal fees.
Cons:
- The Zipmex exchange do not offer any discount fees for high volume traders like other exchanges.
- The exchange offers limited cryptocurrency selection like BTC, ETH, XRP, EOS and LTC.
Also Read: Bitsane Exchange Review, Bittrex Exchange Review, BitBay Exchange Review
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