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How to buy Zipmex (ZMT)
Learn how to buy Zipmex (ZMT) in our step-by-step guide.
Zipmex (ZMT) is in the top 1,000 cryptocurrencies by market cap, valued at $3,835,087.
Zipmex is a highly volatile asset capable of major price swings in a single day. Just take a look at today's ZMT price of $0.04404205, which is showcasing a double-digit loss of compared to yesterday, when it was trading for $0.0516023337. Zipmex's seen a decrease of -98% over the past year.
So before you buy Zipmex, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Zipmex.
How to buy Zipmex in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchangesThe easiest way to buy Zipmex is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an accountTo create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a depositOnce verified, you can deposit using the payment method that best suits you – fiat and cryptocurrency payments are widely accepted.
Buy ZipmexYou can now exchange your funds for Zipmex. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Zipmex to your personal wallet.
Where to buy Zipmex
Find an exchange to buy, sell and trade ZMT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How we keep this Zipmex guide up-to-date
- ZMT price data is regularly updated through data feeds so you always have the latest information.
- Zipmex performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
- Key information on coins and how to buy them is regularly reviewed by our editorial team of James Edwards, Frank Corva and Billy Endres.
- Our coin coverage and exchange information is regularly reviewed by our publishing experts Louise Vinciguerra and Molly Wiltshire-Bridle.
How do I find the best places to buy Zipmex?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Zipmex?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Zipmex.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing ZMT with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Zipmex?
Once you've created an account, you will need to deposit funds to buy ZMT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy ZMT:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase ZMT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for ZMT on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Zipmex?
The easiest way to buy ZMT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Best Zipmex wallets to store your ZMT
You can keep your ZMT on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your ZMT below.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is Zipmex a good investment?
Like all investments, altcoins need to be thoroughly researched prior to committing funds. Here are a few factors to consider before investing in ZMT:
- Security: The Zipmex exchange implements a high level of security to protect user’s accounts and funds from external threats. Most funds stored within the exchange are stored within cold storage wallets. In the event of a hack, the platform’s insurance policy with BitGo can also cover up to $100 million worth of losses. The level of security and insurance offered by Zipmex could help to encourage adoption, which could eventually lead to a demand for the native ZMT token.
- Centralized control: While the token was developed for the Ethereum blockchain, the Zipmex ecosystem and, therefore ZMT token, are fully controlled by Zipmex Asia Pte. Ltd., a Singapore-based company. The future of the native ZMT token is directly correlated with the regulatory environment surrounding Zipmex Asia Pte. Ltd. The exchange appears to be working on several licenses to become fully compliant with Asia-Pacific regulatory requirements. Any defiance to accommodate regulatory requirements could negatively impact the ZMT token.
- Competitors: There are hundreds of cryptocurrency exchanges within the cryptocurrency industry and several that offer a native cryptocurrency token. The Zipmex exchange and ZMT token will need to compete with exchanges such as Crypto.com (associated with CRO), Binance (associated with BNB), and FTX (associated with FTT).
- Wide utility: Zipmex has continuously worked to expand the utility of the native ZMT token. New utility has been added as more products and services are added to its ecosystem. As of today, the token can be used within Zipmex, ZipSpend, ZipCard, ZLaunch, ZipWorld, ZipLend, and ZipStock. As the utility of a token grows, demand for the token can often increase accordingly.
Today's Zipmex price versus ATH
Compare today's price of Zipmex ($0.04404205 USD) against its all-time high (ATH) price of $5.88 on April 15, 2021. The closer the bar is to 100%, the closer ZMT is to reaching its ATH again.
How do I trade, convert or sell Zipmex?You can convert or sell your ZMT with the same exchange you bought it through:
- Sign in to the exchange you have ZMT on.
- If you store your Zipmex in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of ZMT you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Zipmex.
- Complete your transaction and move your ZMT to a wallet for storage.
Get started with crypto
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Learn how to buy other cryptos
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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