Is Zipmex a Good Crypto Exchange for Beginners?

Share this:

It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Zipmex is a good crypto exchange to start trading with. In this article you will learn whether Zipmex is good for beginners, what its pros and cons are and what a novice trader needs to know.

Short summary about the broker Zipmex

The Zipmex exchange is a platform for exchanging and trading cryptocurrency for crypto-to-crypto and crypto-to-fiat pairs. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, BitcoinCash, OMG, SAND, and many other cryptocurrencies and tokens are available to traders. The American and Singapore dollars are the two fiats here. The exchange has its ZMT token of the ERC-20 standard. By keeping it on the account at all times, you increase your level in the loyalty program, which allows you to reduce trading commissions and earn more on deposits. The exchange offers a progressive staking system that allows users to earn money on any asset stored in the user account. There are fixed deposits, a referral program with one-time bonuses at ZMT, a novice traders training system with a large range of courses and guides. Commissions are below the market average.

💰 Account currency: Cryptocurrencies, USD, SGD
🚀 Minimum deposit: No
⚖️ Leverage: No
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, fiats
💹 Margin Call / Stop Out: No

Zipmex Pros and Cons

👍 Advantages of trading with Zipmex:

The most popular cryptocurrencies and tokens are traded on the exchange; there are two fiats;

simple registration and verification;

high level of protection for users’ funds;

deposits and withdrawals of fiat and cryptocurrencies are by various methods, including bank cards;

several investment options with daily payments and a high annual rate;

you can buy a platform token and thereby reduce trading commissions and receive other bonuses;

the exchange has a profitable referral program;

contests and promotions are held frequently;

a well-thought-out training system for novice cryptocurrency traders with a large range of guides.

👎 Disadvantages of Zipmex:

Demo accounts are not available;

communication with technical support is only through the website.

What is a Good Crypto Exchange for Beginners?

In order to choose the right broker for a beginner, you need to consider several aspects.

Here are the main ones:

  • Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.

  • Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.

  • Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.

  • Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.

  • Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.

  • Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.

In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.

Trading Conditions for Zipmex Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. Zipmex offers traders the following conditions.

💻 Trading platform: Zipmex Web Terminal
📊 Accounts: Standard
💰 Account currency: Cryptocurrencies, USD, SGD
💵 Replenishment / Withdrawal: Bank cards and accounts, electronic and cryptocurrency wallets
🚀 Minimum deposit: No
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: From 0
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, fiats
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: n/a
⭐ Trading features: Most popular cryptocurrencies and tokens, two fiats; investment with a flexible or fixed deposit; referral program with one-time bonuses, high-quality training
🎁 Contests and bonuses: Yes

Commissions and Fees

The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Zipmex commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.

Information

The standard commission of a cryptocurrency exchange for trade transactions is 0.2% for a taker/maker. If the user holds 100+ ZMTs on his account, the commission is reduced to 0.195%. If there are more than 20,000 ZMTs on the account, the commission is 0.19%. Commissions don’t depend on the asset, transaction volume, user trading volume, or other factors. The only thing that matters is the level of loyalty, which is determined by the amount of ZMTs on the account. You can also significantly reduce commissions through Traders Union rebates.

Account type Spread (minimum value) Withdrawal commission
Standard 0.2% per application Yes

Investment programs of Zipmex

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Zipmex offers the following passive income options.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The Zipmex cryptocurrency exchange offers two options for earning money on investments, which are flexible and fixed staking. Register, verify, and deposit any asset in any amount to participate in the flexible staking program. In the personal account, you can activate the staking option for any available asset.

The program will automatically accrue interest every day following the current rate for the selected asset. Funds are not frozen, the user can trade, deposit, and withdraw them. Payments are recalculated permanently.

An alternative option is a standard staking program with a deposit freeze for 45 days. In this case, the selected amount of the asset cannot be used by the client of the exchange during the specified period. A higher interest rate is among the fixed staking advantages.

Also, the interest rate on a flexible deposit depends on the selected asset and the amount of ZMT on the user's account. For example, if Bitcoin is selected and you have less than 100 ZMTs, you get the ZipStarter status, and your payout is 2%. If you have more than 20,000 ZMTs, the status becomes ZipCrew, and the income grows to 4% per annum.

The number of payments doesn't depend on the amount of ZMTs on the account for a fixed deposit. Only the asset matters. For example, the return on ZMT is 14% and the return on Ethereum is 5.5%. The exchange's insurance fund is $100 million.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

Zipmex’s affiliate programs:

The affiliate program of the Zipmex cryptocurrency exchange differs from programs on other platforms as the user who invited another user gets not a percentage of his trading commissions, but a fixed payment in ZMTs. This is an advantage for this exchange since the number of ZMTs determines the level in the loyalty program, which provides discounts and bonuses.

Register and be sure to go through the verification procedure (data confirmation) to invite users to the site. After that, a personal referral link will be available in your personal account. You can place it on any site without restrictions. Each user who follows your link and registers on the exchange will become your referral. Further, the following 2 options are possible:

  • The invited user has blocked 25 ZMTs on the account. Both parties (inviter and invitee) get a one-time bonus of 2.5 ZMTs.

  • The invited user has blocked 5,000 ZMTs on the account. Both parties get a one-time bonus of 25 ZMTs. A valuable gift from the exchange also becomes available to the user invited.

Please note: the user doesn’t get payments from a referral who has not blocked ZMT or blocked them for an amount less than 25 ZMTs. That is, even if the referral actively trades and invests, until the required amount is blocked, he will not receive income.

The program is unlimited and the exchange client can invite an unlimited number of users via his referral link and get a bonus for each of them. The program is single-level, that is, you have access to bonuses only for personally invited users, and you don't get bonuses for those users who were invited by your referrals.

Conclusion. Is Zipmex good for beginners?

The Zipmex cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Zipmex could be considered as a good cryptocurrency exchange for a start.

FAQ

What do I need to know about the fees charged by cryptocurrency exchanges?

The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.

How do I choose a reliable cryptocurrency exchange?

Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.

How many cryptocurrencies could a crypto exchange offer?

The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.

What are the risks of investing in cryptocurrencies?

Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.