Zipmex is an exchange and offers a high interest lending service.
I also use Zipmex and it is the exchange where I place a lot of my funds.
I would say it is the exchange I trust the most.
Zipmex is a crypto currency exchange founded in 2018 by Marcus Lim and Akalarp Yimwilai.
I personally highly recommend this crypto currency exchange and lending service provider.
It currently operates crypto currency exchanges in Thailand, Indonesia, Singapore, and Australia.
Zipmex operates exchanges in four countries, mainly in Southeast Asia and Australia, with Zipmex Thailand being the one with the highest trading volume.
In Thailand, Zipmex Thailand operates under a crypto currency exchange and broker license granted by the Securities Commission of Thailand (SEC).
It can trade major crypto currencies such as Bitcoin and Ethereum, as well as stable coins and emerging coins, and is the second largest exchange in the Thai crypto currency industry after Bitkub, which is the largest.
And Zipmex's system uses the world's best Alpha Point white label. And for custody services, Zipmex has partnered with BitGo, which is also one of the best in the world.
Zipmex is one of the best exchanges in the world in terms of systems and security alone.
Feature of Zipmex Crypto Exchange
Zipmex's exchange is characterized by high liquidity because it works with global brokers.
Compared to Zipmex's AlphaPoint white label, Zipmex's system is not as good, and Zipmex is better than Bitkub in the system itself.
In addition, Bitkub is not licensed as a broker by the Thai SEC, and therefore cannot engage in the brokerage business, while Zipmex is licensed as a broker, and therefore provides liquidity not only to traders in Thailand but also to the rest of the world.
Zipmex is a broker licensed exchange that offers liquidity not only to traders in Thailand but also to the rest of the world.
The high liquidity of the system makes it a suitable exchange for OTC trading of large amounts.
It can be said that it offers advanced investment features and secure protocols to its users, facilitating the trading process for institutional investors and traders.
The cryptocurrency markets in Thailand, Singapore, Indonesia and Australia where Zipmex operates are described below
Thailand Crypto Market
Indonesia Crypto Market
Singapore Crypto Market
Australian Crypto Market
Why Zipmex is strong and popular in Thailand
Currently there are exchanges operating in four countries, but Thailand's Zipmex boasts an overwhelming share of the market.
There are two major reasons why Zipmex is strong in Thailand.
Financed by a major bank.
Zipmex is funded by Krungsri (Bank of Ayutthaya), one of the leading banks in Thailand.
Krungsri Bank is Thailand's fifth largest commercial bank by assets, with a history of nearly 70 years.
I believe that the fact that Krungsi Bank is funded by a major bank is one of the reasons for its strong support in Thailand.
Daughter of Thai business tycoon joins management team
The CMO (Chief Marketing Officer) of Zipmex is Proud Limpongpan.
In addition to her own impressive career, her father, Sathit Limpongpan, is one of the biggest names in the Thai business world.
Mr. Sathit has served as Permanent Secretary of the Thai Ministry of Finance and Chairman of the Stock Exchange of Thailand (SET).
In recent years, he has attended and spoken at events related to blockchain and crypto currency.
I believe that his daughter's participation in the crypto currency business has had a strong influence on his appearance at these events.
Although Thailand is friendly to crypto currency, it still has a strong image of speculation.
Even the regulator, the Securities and Exchange Commission (SEC) of Thailand, still considers crypto currency to be a source of speculation since there is nothing to back it up.
Because of this situation, it is great to have a big name in the business world at Zipmex, and I think it is reassuring for the crypto currency community in Thailand. In fact, you can see his father's image on Zipmex's Youtube.
Connections are very important when doing business in Thailand.
In fact, Zipmex offers an interest rate service, which may be considered securities, and is a very dangerous service.
The reason why other exchanges such as Bitkub and Bitazza are not able to do this is probably because of the securities nature of the service. Other exchanges might get stung by the SEC.
Zipmex offers an interest rate service, which is a gray area. This is also likely due to its strong connections in the business world.
I personally think that the connections are very important in the still new field of crypto currency, and I think that Zipmex, backed by big names in the business world, is one of the main reasons for the growth of Zipmex in Thailand.
Zipmex has released Zipmex Token (ZMT), an exchange token.
It is tradable on Zipmex and Bitfinex, Uniswap (V3) in Thailand, Indonesia, Singapore and Australia.
ZMT is an ERC-20 token and is designed primarily for use within the Zipmex ecosystem.
ZMT holders can reduce transaction fees when trading on the Zipmex platform, an exchange fee reduction feature similar to Binance's BNB token, for example.
The rate of return on crypto currency deposited on Zipmex can also be increased to match the rate of ZMT ownership. This is a feature that BNB and others do not offer.
ZMT has announced that it will use its own service, ZipPay, to accept payments in Thailand in the future.
ZMT owners will also be able to make payments with ZMT using QR codes at retail outlets in Thailand and receive cash back and rebates for each payment.
The Zipmex ecosystem has a total of 200 million ZMT, with 38% of the total supply being used for community development, 15% for private sales, and 22% for the Zipmex team.
The remaining 5% and 20% are likely to be allocated to Zipmex's initial advisors and others, respectively.
Although the total supply of tokens is capped, demand for ZMT is expected to continue to grow as the token ecosystem and use cases continue to expand.
The Zipmex team is managing the demand and supply of ZMT as it is gradually brought to market over the first four years of its launch.
zipmex uses the world's best AlphaPoint white label system.The system is the best in the world.
The company has also released a mobile app, available for iOS users and Android users.
The mobile app provides users with a smoother and faster experience while instantly transacting digital and legal tender.
The dashboard provided by the Zipmex exchange is as easy to navigate as any other exchange and uses "Tradingview" for chart display functions.
Tradingview offers a variety of advanced trading tools and indicators that help traders maximize profits while minimizing losses.You can use a variety of analysis tools together.You can use a variety of analysis tools together.
It can be said that a vast number of time frames and tools are provided to analyze market conditions while drawing trend lines, adding multiple indicators, and graphing patterns to make perfectly timed trades.
There is only one major drawback with the Zipmex system.
That is that Zipmex does not provide an API.
Since it uses Alphapoint's white label, it should not be difficult to provide an API.
The competitor Bitazza, which also uses the Alphapoint white label, offers an API, but Zipmex has yet to implement it.I am not certain why it is not provided at this time.I contacted support once myself, but they said it is not implemented at this time.
Perhaps there are reasons such as server load or increased costs.
This may not be a major drawback unless you are bot trading, but it is a major drawback for system traders.
Zipmex Thailand is currently looking for someone who can write the API documentation, so it is probably being prepared now.
Zipmex crypto currency wallet
When trading crypto currencies and choosing to use an exchange, it is very important to consider the level of security of that exchange.
Zipmex uses BitGo, one of the best in the world, for its custody services.
With the collaboration of BitGo,I can say that our platform is very secure.
The BitGo system has the highest standards for security access.
Since BitGo is the custodian service provider, it is also almost impossible for hackers or their own employees to hack the cold wallet.
Because BitGo is the custodian, the level of security is also very high.
Zipmex customer support
The level of customer support is also important in using an exchange.
How much do they spend on user support?
I believe you can see how serious an exchange is by looking at the quality of service they provide.
I think a big reason why Binance took first place in the cryptocurrency world, despite being a late starter in 2017, was because of its very good customer support.
CZ also took the initiative on Twitter to say that users' assets are safe (Funds are SAFU), and I think the fact that they always tried to act with their customers in mind was also a big reason why they gained users.
If the response time of the customer support is fast, I can feel relieved even if there is a trouble. Binance had very fast customer support as well.
I consider the customer support part very important when using a crypto currency exchange.
Now, this is a bit off topic, but Zipmex's customer support, in my opinion, is of a high level.
Compared to other Thai crypto currency exchanges, the response time is very fast.
You can contact them via the chat function on the site and get an immediate response.
The FAQs are also well developed, and you can check the FAQs first to see what you want to inquire about. The content is updated daily and is not neglected.
Zipmex Interest Service
Zipmex offers a service that other crypto currency exchanges, such as those in Thailand and Indonesia, do not offer.
That is the interest rate service.
You can earn interest just by depositing your crypto currency.
In Thailand, Bitkub has a dominant market share, but I basically put my money in Zipmex because I get interest just for depositing.
This is a feature that Bitkub and other exchanges do not offer.
The interest rates are set considerably higher than the interest rate services of Japanese exchanges.
They offer the same high interest rates as BlockFi and Crypto.com, whose main service is lending services.
This high interest rate is great despite the fact that they are mainly in the exchange business.
Zipmex's interest rate service offers the following two services
Zipup is the general term for a service that allows you to receive interest simply by depositing crypto currency on the Zipmex exchange.
There is no lock period and interest is paid out daily according to the amount deposited.
You can withdraw or trade at any time and no fees are charged.
Ziplock is a service that allows you to lock in funds and increase the APY you receive.
Like Zipup, interest is paid out daily.
It is also possible to increase the APY if you hold a specified amount of ZMT.
Interest rates are normal compared to other lending services in the world. It is a few percent lower than Youhodler, which has one of the highest interest rates in the industry.
While the interest rates are not high, the exchange is well-run and the systems and wallets used are among the best in the world.
I also believe that the interest rates are among the highest in the world for lending services offered by exchanges.
Binance, Bybit, and FTX also offer lending services, but their interest rates are lower than Zipmex.
In Thailand, they are licensed by the regulator and operate their exchange under strict standards.
This makes them more trustworthy than Youhodler, Coinloan, or industry giants BlockFi and Nexo.
The latest Interest Rates are listed on the following page in comparison with other competing companiesZipmex interest rates
2022 Zipmex Review
I describe the advantages, disadvantages and summary from my point of view
Pros and Cons
- Exchange system uses the world standard AlphaPoint white label
- Broker license, providing world-class price bodies and liquidity to buy and sell crypto currencies.
- Custody service is BitGo, world-class security.
- Customer support is through Zendesk and is fast and responsive.
- Zipmex's proprietary token, ZMT, increases revenue.
- Zipmex is funded by a major Thai bank. Zipmex is funded by a major Thai bank and supported by some of the biggest names in the business world.
- API and WebSocket are not available, so system trading is not possible.
Zipmex does business in Thailand, Singapore, Indonesia, and Australia, and is licensed and operated under a financial license in each of these countries, so you can be assured of its safety.
It is also a reliable exchange in my opinion because of its world-class systems and wallets.
If you are a resident of a country that Zipmex serves, it is a good idea to open an account and earn interest by depositing your crypto currency!