Zipmex Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A crypto exchange, short for cryptocurrency exchange, is a digital platform that enables users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others for other cryptocurrencies or fiat money, such as US dollars or euros.

A crypto exchange works similarly to a traditional stock exchange where buyers and sellers can trade securities. However, instead of trading stocks, users on a crypto exchange trade digital currencies.

Crypto exchanges offer various trading pairs and different features such as market and limit orders, stop-loss orders, and other trading tools to facilitate trades. Some exchanges also provide additional services like digital wallets for storing cryptocurrencies and access to real-time market data.

There are many types of crypto exchanges, including centralized exchanges, decentralized exchanges, and peer-to-peer exchanges. Each has its own unique features and benefits, but all provide a way for users to access and participate in the cryptocurrency market .

What Is Zipmex Crypto Exchange ?

ZMT is the engine of the Zipmex ecosystem. Buying and owning ZMT is the key to higher Crypto bonuses, discounted fees and cashback rewards. By giving you access to one-of-a-kind experiences, events and rewards, it is a bridge between crypto and “real-world”. The revolution starts here. Simple: Get ZMT. Lock ZMT in the launchpool. Earn project token rewards while supporting the new token project growth. The more you lock, the more rewards you earn. Ready your ZMT and stand by – our project pools fill up fast and you don’t wanna miss this party.

Zipmex Crypto Exchange Quick Facts

How To Register At Zipmex Exchange?

To register on Zipmex , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Zipmex Exchange Supported Countries

Zipmex Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Zipmex .

How To Verify Your Zipmex Cryptocurrency Account ?

There is no mandatory verification at Zipmex , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Zipmex , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Zipmex Crypto Exchange?

There are two main options for topping up your balance on Zipmex . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Zipmex Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Zipmex Account ?

There are several steps you can take to help secure your Zipmex account and protect your funds:

1. Strong Password : Use a strong password that is made up of a variety of capital and lowercase letters, digits, and special characters. Useless information like birthdays or frequent nouns should be avoided.
2. Two-Factor Authentication (2FA) : To enable two-factor authentication for your Zipmex account, click the button below. By requiring a second verification step, typically using a smartphone app like Google Authenticator or Authy, this offers an additional layer of security.
3. Unique Email : A distinct email address that is secure only for your bitcoin accounts. Make sure to use 2FA and a strong password to safeguard this email account as well.
4. Anti-Phishing Techniques: Watch out for phishing scams. Never click on strange links in emails, and always check the website URL before entering your login information. Always use your browser’s direct link or a bookmark to access the exchange website.
5. Withdrawal Whitelist : Whitelisting withdrawal addresses is an option that several exchanges provide. Thus, even if someone were to get access to your account, they would not be able to take money and send it to an unapproved location without your consent.
6. Regularly Update Your Password: To prevent unwanted access, change your password occasionally. For your exchange account, use a special password that you don’t use anywhere else.
7. By taking these steps, you can help protect your Zipmex account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Trading Fees

Enjoy up to 50% discount on trading fees by locking Zipmex Token ZMT!

Deposit & Withdrawal Fees

Deposit and withdrawal fees are regularly reviewed and may be adjusted on the first business day of every week.

Crypto Deposit Fees [Deposits currently on pause]

Trade On Go Zipmex Is 100% Mobile Friendly

It’s wonderful to know that “Go Zipmex” is completely mobile-friendly as a trading platform. For traders who wish to use their smartphones or tablets to access their accounts and place trades while on the go, having a mobile-friendly platform can be quite useful. This can give traders accessibility and flexibility, enabling them to manage their investments and stay connected to the markets from any location.

How To Contact Zipmex Customer Support Team?

If you need help with your Zipmex account or have any questions, you can contact Zipmex customer support through the following methods:

Visit Zipmex’s official website first: Begin by going to Zipmex’s official website. Usually, this is the most trustworthy place to get contact details.

Look for “Support” or “Contact Us“: To locate a “Contact Us” or “Support” option, look through the website’s navigation menu or bottom. You may probably find instructions on how to contact their customer service team here.

Contact information: If they have a phone number for customer service, it should be clearly displayed on the “Contact Us” or “Support” page. Make a note of the phone number, then call the person.

Email: A few systems offer an email address for customer service questions. Look for an email address if you’d rather communicate in writing, and send them a thorough message outlining your problem.

Live Chat: A live chat option is available on many websites, allowing you to interact in real time with a customer service agent. Check the website to see if this choice is offered.

Social media: Look for any customer service information on their official social media profiles (such Twitter, Facebook, or LinkedIn).

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Zipmex customer support can assist you efficiently.

Features Of Zipmex Crypto Exchange

Trading cryptocurrencies

Users may have been able to trade a number of cryptocurrencies on Zipmex, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and other well-known coins.

Great Prices & Low Fees

We operate globally. This lets us offer you trading fees as low as 0.1%, instant availability, high liquidity, fast transaction times and the best prices on all your trades.

Zipmex for Android & iOS

Our mobile app is the fastest, easiest and most secure way to sign up and start your crypto journey. If you get stuck, our support team is always ready to help and guide you.

User-Friendly Interface

To make trading accessible to both novice and experienced traders, cryptocurrency exchanges often strive towards a user-friendly interface. This contains simple-to-use charts, order placement options, and trading screens.

Security precautions

For every cryptocurrency exchange, security is essential. Users’ assets are kept safe thanks to features like two-factor authentication (2FA), cold storage for the majority of cash, encryption, and frequent security assessments.

Trading Pairs

Exchanges often offer a range of trading pairs that let consumers exchange one cryptocurrency for another. Both well-known and unpopular cryptocurrencies may be included in these pairs.

Liquidity

A good exchange should have enough buy and sell orders to ensure a seamless trading experience. This is known as liquidity.

Customer care

For users who could run into problems when trading or utilizing the site, a responsive and helpful customer care system is essential.

Options for Deposit and Withdrawal

The platform is more accessible to customers thanks to a variety of deposit and withdrawal methods, such as bank transfers, credit/debit cards, and occasionally even PayPal.

Zipmex Good Or Bad Points

Zipmex is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Zipmex :

Good points:

1. User-Friendly Interface: Zipmex may provide a platform that is simple to use and straightforward, especially for those who are new to the bitcoin industry. Users may find it simple to navigate the exchange with a clear interface.
2. Variety of Cryptocurrencies: If Zipmex provides a large selection of cryptocurrencies, consumers may have the ability to diversify their portfolios and access a wide range of investment opportunities.
3. Security precautions: A reputable bitcoin exchange should put security first. It could be seen favorably if Zipmex adopts robust security measures including two-factor authentication (2FA), cold storage for cash, and frequent security audits.
4. Liquidity: On an exchange, greater liquidity can result in more seamless trading and possibly better prices for users. Investors and traders may be drawn to Zipmex if it offers strong trading volume and liquidity.

Bad points:

1. Regulation and Compliance: Depending on the jurisdiction, different laws apply to cryptocurrencies. If Zipmex operates in jurisdictions with hazy or loose legislation, there may be questions regarding the platform’s legal standing and accountability.
2. Customer service: Users that experience problems with their accounts, transactions, or security may become frustrated as a result of poor customer service. If Zipmex doesn’t have quick and helpful customer assistance, that could be a negative.
3. Fees: For transactions and withdrawals, cryptocurrency exchanges frequently levy fees. The profitability of users may be affected if Zipmex’s cost structure is expensive in comparison to other exchanges or if there are unstated expenses.
4. Privacy issues: In accordance with company policies, Zipmex may ask users to submit sensitive personal data when registering. For people who value the security and confidentiality of their data, this can cause privacy concerns.
5. Limited capabilities: For experienced traders or investors looking for more sophisticated options, Zipmex may not be the best choice if it is missing advanced trading capabilities or tools that are present on other platforms.

Is Zipmex Is Safe Platform To Trade ?

Zipmex is a cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies. While no exchange can guarantee 100% safety, Zipmex has implemented various security measures to help protect its users’ funds.

For example, Zipmex stores the majority of its users’ funds in cold wallets, which are offline and not accessible through the internet. This makes it much more difficult for hackers to steal funds. Zipmex also uses two-factor authentication (2FA) to provide an extra layer of security for users’ accounts.

However, it’s important to note that no exchange can guarantee complete safety, and there is always some risk involved in trading cryptocurrencies. It’s essential to do your research, understand the risks, and take appropriate security measures to protect your assets.

In summary, Zipmex has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

Zipmex Conclusion

A trustworthy and user-friendly cryptocurrency exchange, Zipmex offers traders and investors a number of services. For individuals wishing to purchase, sell, or keep cryptocurrencies, it is a desirable alternative due to its minimal trading costs, staking opportunities, and security features. Its affiliate program and community involvement also give users more chances to get rewards and meet people who share their interests. Whether you’re a novice trader or a seasoned pro, offers the resources and tools you need to thrive in the world of cryptocurrency trading.

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