Zipmex is a Singaporean cryptocurrency exchange established in 2019, and has recently opened their doors to Australian users, as a option for both beginners and more experienced traders. They offer basic buy/sell options to ease newcomers into crypto, but they also incorporate features that are not usually found on simple exchanges, in order to expand the range of functionality. It is registered with ASIC and AUSTRAC, and has up to $100 million insurance cover by BitGo so you can trade without worry. Keep reading to see why Zipmex is a great choice for Aussies.

Zipmex Features

Beginner-friendly

Zipmex Australia has a very easy-to-use instant buy and sell feature for those that are complete crypto beginners. This means that you can get your hands on some crypto simply, without needing to understand complex graphs or limit orders. The fees for instant buying and selling is the same low fee as trading on the market, 0.2%, which is very low compared to other Australian crypto exchanges.

Trade on the markets

Instant buying and selling is perfect for new crypto investors, but if you are an astute crypto trader, you want to use the markets, where you can choose the price you buy or sell your assets at, to maximise your profits. You can trade over [ZM]+ cryptocurrencies against AUD or USDT, with TradingView charts and technical indicators.

Grow your cryptocurrency passively

If you have done some research on cryptocurrency you have likely heard of staking, which is a way that you can earn rewards on your coins, similar to earning interest in a bank. With Zipmex Australia, you can earn interest on several cryptocurrencies, and you can lock them in for 45 days, or keep it flexible at a lower interest rate. If you plan on HODLing crypto for the long-term, locking it in and gaining interest is a great method of increasing your cryptocurrency holdings.

ZMT coin

Zipmex exchange has their own coin called ZMT, which can be traded on the Zipmex platform. You can stake ZMT and earn over 12% interest a year, and also gain extra benefits from doing so. You will receive higher interest rates on your other staked coins, as well as lower trading fees, depending on the amount of ZMT you have staked. You even get additional perks such as the option of buying Zipmex NFTs, accessing exclusive airdrop campaigns and priority access to future projects and launches.

Live Chat support

Zipmex Australia has an excellent customer support team, with live chat options to solve your problems quickly. There is no need to wait hours or days for an email reply, when you can immediately get in touch with the helpdesk using live chat. This is really useful especially for newbies who may not understand everything to do with the exchange.

Pros and Cons of Zipmex Australia

Zipmex Deposit Methods

Zipmex only allows fiat deposit by bank transfer.

Zipmex Australia Fees

Deposit fees on Zipmex are 1% of the deposit amount, capped at a maximum of $3.

Trading fees only 0.2%, whether you trade on the market, or buy/sell instantly. If you have ZMT staked, the fees are lower, based on the amount staked.

Withdrawing AUD from Zipmex will cost $5 flat fee.

Security

Zipmex is an exchange that takes their security very seriously. They use stringent verification and KYC techniques to make sure that all their customers are who they claim to be. The majority of their digital assets are held offline in cold storage, and the rest of the funds are covered by their insurance provider BitGo, up to $100 million. Zipmex Australia is registered with ASIC and AUSTRAC, and is regulated in Australia, so you know you can trust them with your money.

Conclusion

Overall, Zipmex Australia is a fantastic cryptocurrency exchange, that offers more than some of the other Australian crypto platforms. Not only does it have basic functionality for beginners with their instant buy and sell, but they have low trading fees of 0.2%, advanced charts, crypto earning, live chat and their own native token ZMT that comes with reduced trading fees and higher interest rates on staked coins. The small drawback is that Zipmex only offers [ZM]+ cryptocurrencies, which is not as high as some of the other best Australian crypto exchanges such as Digital Surge with over [DS]+. However, if you plan on sticking with the main popular coins, the range at Zipmex will be sufficient for your daily trading needs. To keep researching other crypto exchanges, I suggest you take a look at our article on the top exchanges for Aussies (read here) to make a more informed decision.

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