Is Zipmex a Reliable Crypto Exchange? Is It Safe?
According to our experts’ evaluation, Zipmex demonstrates a moderate level of safety and security. The exchange complies with several key security standards, but there is still room for improvement.
According to our research, the following factors determine Zipmex moderate security profile:
- Based on our methodology, it received a 6/10 score for Security and Regulation.
- Not under Tier-1 regulation, reducing overall reliability and oversight.
- Active since 2019
- Offers protection through an investor compensation fund
- Stores client assets securely in cold wallets
- Uses two-factor authentication for added safety
Is Zipmex safety backed by government regulation?
Zipmex is not a regulated exchange, which results in a lower overall regulatory profile. However, this remains fairly typical for the current crypto market. If you are looking for a regulated option, here are the top 3 exchanges with the highest level of security:
| Kraken | Coinbase | Nebeus | ||
|---|---|---|---|---|
| Regulation and safety Score | 9.8/10 | 9.5/10 | 10/10 | |
| Tier-1 regulation | Yes | Yes | Yes | |
| Investor protection fund | No | Yes | No |
How strong are Zipmex security measures?
Overall, Zipmex adheres to the core security standards and industry best practices. We compared its protection level with leading exchanges to help you make the right choice.
| Zipmex | Kraken | Coinbase | ||
|---|---|---|---|---|
| Cold wallet storage | Yes | Yes | Yes | |
| 2FA | Yes | Yes | Yes | |
| Facial authentication | Yes | No | No | |
| Investor protection fund | Yes | No | Yes |
Has Zipmex ever suffered a successful hack?
We conducted an audit of publicly available information and found no evidence of successful hacks against Zipmex. Public records, news coverage, and security disclosures contain no reports of breaches that resulted in loss of customer funds.
What is the user feedback on Zipmex?
User ratings for Zipmex are an important indicator of both security and user experience. We collected an overall score from Traders Union users and ratings from app stores (App Store, Google Play), and compared them with the leaders in our crypto-exchange rankings
| Zipmex | Kraken | Coinbase | ||
|---|---|---|---|---|
|
User Satisfaction Score
At Traders Union, we use the Customer Satisfaction Score (CSAT) to gauge user satisfaction. CSAT is calculated from reviews on each exchange’s Traders Union profile. Our dataset spans 13+ years of user feedback.
|
7.6/10 | 7.6/10 | 7.3/10 | |
| Android App Score | 4.7 | 4.5 | 3.7 | |
| iOS App Score | 4.4 | 4.7 | 4.7 |
Expert Advice
Editors' Top Picks and Insights
Strategy sells Bitcoin: Small sale tests market confidence
Ledger vs. Trezor: Search for ideal crypto wallet
Trading thin air: Why Binance is closing its NFT marketplace
Bitcoin without investors: Why IPOs are winning attention
Bitcoin price prediction based on MACD: Bearish momentum gains strength
Ethereum's identity crisis: Between Wall Street and cypherpunk
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.
Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.