Review on Zipmex by Pedro O. Alvino M.
Centralized exchange based in Singapore and Thailand.
Zipmex, a centralized exchange based in Singapore and Thailand, has a highly interactive crypto-asset trade, in which operators will have the most popular cryptocurrencies on the market, although the number is relatively low.
Regulated in different organizations, the security of trading on the exchange is ensured, in addition to its association with the bitgo company that stand out in the storage of assets, the exchange's wallet has a similar design where it also adds an insurance of 100 million USD in case of theft or account hacking by the operator.
The important aspect of the exchange in relation to rates, the trading commissions are established for both in terms of the order holder and creator of the order at 0.02%, but it is worth noting in terms of withdrawal rates compared to other exchanges is very high Since some currencies the network rates are well below what the exchange establishes, which means that the additional charge by Zipmex is very high, also in terms of currency, Fiat presents deposit and withdrawal charges.
Pros
- Authorized and regulated by different financial institutions and regulators.
- It has high wallet security thanks to its association with bitgo and has an insurance policy of up to 100 million USD.
- Provides versions for Android and iOS.
- It has rewards programs for registrations and referrals in the exchange.
- Integrate in live chat for technical support.
Cons
- Excessively high withdrawal fees, both in crypto and Fiat.
- Very few currencies supported.
