What is Zipmex?
Zipmex's main feature is its cryptocurrency exchange that lets you buy and sell hundreds of different cryptos with AUD, USD or SGD. Their platform lists all of the major Cryptos like Bitcoin, Ethereum, Solana, Avalanche, and a wide variety of the most popular DeFi, Metaverse, GameFi and NFT tokens.
You can access the Zipmex exchange to trade Crypto in Australia through their Web app or iOS/Android app. We recommend their mobile app for the best user experience.
Zipmex has a transparent fee structure based on 'Member Levels' on their platform. The base trading fee for Zipmex is 0.2% per trade, however becomes lower based on what VIP tier you are.
You can become a VIP by buying Zipmex (ZMT) tokens and locking them. The maximum discount you can get on trading fees by locking Zipmex Token (ZMT) is 50% off, which is very competitive.
Is Zipmex Safe and Regulated?
Zipmex is a secure and licensed Digital Currency Exchange in Australia. They are registered under ASIC with the ACN 632064076. Zipmex is also registered under AUSTRAC with a DCE license number of DCE100576214-001.
The founders behind Zipmex are also active in the blockchain community in Australia. They have recently become members of Blockchain Australia and Fintech Australia to help push Crypto to regulators in the country.
The Zipmex digital asset investing platform also allows you to stake and earn cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), USDC (USDC) and USDT (USDT). You can earn up to 10% APY with US Dollar stablecoin staking on their platform if you are a VIP4.
The Bottom Line
Overall, Zipmex is a good exchange for investors in Australia or South East Asia to buy and stake cryptocurrencies. That said, they are definitely not the best exchange in Australia - with alternative platforms offering more coins, lower fees and more crypto staking options.