Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Zipmex Earn Review

Choose from three crypto earn programmes and earn attractive interest rates on BTC, ETH, USDT and more.

Zipmex Earn is an interest-bearing savings program that offers attractive daily interest rates on selected digital assets you hold with Zipmex, such as Bitcoin(BTC), Ethereum(ETH), Tether (USDT) and more.

Choose from three different earn options — ZipUp, ZipLock and ZLaunch. Find out how each of these works in our review below.

No reviews yet. Write a review

S$0

Deposit fee

S$0

Withdrawal Fee

Up to 8%

Yield rate

Details

Product NameZipmex
Yield rateUp to 8%
Deposit feeS$0
Withdrawal FeeS$0
Annual percentage yield (APY) BTC2%
Annual percentage yield (APY) ETH2%
Annual percentage yield (APY) LTC2%
More Info
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick verdict

Pros

  • Different types of earn programmes available
  • No minimum or maximum deposit amounts
  • Lets you earn daily returns on deposits
  • $100 million insurance on custodian assets

Cons

  • Requires continuous staking of ZMT to attain higher ZipMembership tier for attractive APY
  • A limited number of assets to choose from

How does Zipmex Earn work?

Zipmex Earn is an interest-bearing savings program that offers attractive daily interest rates on selected digital assets you hold with Zipmex, such as Bitcoin(BTC), Ethereum(ETH), Tether (USDT) and more.

Currently, Zipmex has three different earn programmes that allow users to earn rewards with their crypto assets:

ZipUp

ZipUp is a flexible earnings account (no lock-in period) that provides users with daily payouts on their digital assets.

Zipmex Earn ZipUp programme

Image source: Zipmex

ZipLock

ZipLock is a fixed-term earnings account that offers higher earnings with stable rates. Each crypto asset will be subject to a minimum lock-up period of 45 days.

Zipmex Earn ZipLock programme

Image source: Zipmex

ZLaunch

With ZLaunch, you can earn tokens rewards from newly launched projects by staking ZMT.

ZLaunch sample

Image source: Zipmex

How to participate in a ZLaunch event

Here’s a quick rundown on how it works:

1. Earning phase

To participate in the latest ZLaunch event and earn rewards, you’ll first have to lock ZMT for the specified earning period, which will typically be 30 days.

During the earning phase, your project token rewards will be automatically distributed and transferred to your Z Wallet.

2. Post earning phase

After the earning phase, the ZMT that was previously locked in the ZLaunch project’s pool will be automatically unlocked and returned to your Z Wallet.

Trading of the new project tokens will also be enabled soon after the token has been listed on Zipmex exchange, which is typically within one month after the earning phase has been completed.

Main benefits of Zipmex Earn

  • Two types of crypto earn programmes available. Zipmex offers both flexible and fixed-term earnings accounts, each with varying interest rates and suited for different types of users.
  • No limit on deposit amounts. There’ll be no minimum or maximum cap on the amount you can stake.
  • Earn crypto rewards daily. Earnings for ZipUp and ZipLock will be paid daily, in the same currency as your deposit.

What are the caveats to look out for?

  • No rewards for ZMT held to maintain ZipMembership tiers.
  • As of 7 January 2022, Zipmex only has a small selection of 6 cryptocurrencies available for staking in ZipUp and ZipLock.

How does crypto earn accounts compare to a traditional savings account

Like traditional finance, crypto earn programmes provide the opportunity for you to deposit your digital assets (which is typically loan out your cryptocurrencies to other investors) and earn a standard rate of return over time.

You’ll usually receive your earned tokens on a daily basis for flexible staking accounts, or at the end of a specified locking period if you deposited in a fixed-term staking account.

Potential risks

However, unlike traditional finance, crypto earn accounts tend to offer a significantly higher APY compared to traditional finance.

But cryptocurrency is notoriously volatile and unregulated, so it also carries a much higher risk. For instance, your returns will be in the same token as your deposit in most cases, so there’s a chance that your initial investment and returns will be wiped out if the value of your asset drops. Of course, returns will also be exponential if the value of your asset appreciates.

Another major risk that your investment may be exposed to is the lack of insurance. Since most cryptocurrency banks are not covered by consumer protection, there’s no guarantee you’ll get any of your assets back should the provider goes under.

So be sure to conduct your own research and decide if the risk is worth the reward.

Interest earn rates

Zipmex offers varying crypto earn rates for three of its earn programmes (ZipUp, ZipLock and ZLaunch):

ZipUp (Flexible term)

Here’s the overview of the APY you’ll earn for different digital currencies with the ZipUp programme, based on your ZipUp membership tiers:

Digital currencyVIPVIP 1VIP 2VIP 3VIP 4
Zipmex token (ZMT)6%6.75%7%7.5%8%
USD Coin (USDC)3%3.75%4%4.5%5%
Gold (GOLD)3%3.75%4%4.5%5%
Bitcoin (BTC)2%2.75%3%3.5%4%
Litecoin (LTC)2%2.75%3%3.5%4%
Ethereum (ETH)2%2.75%3%3.5%4%
Tether (USDT)2%2.75%3%3.5%4%

*The rates indicated in the table is accurate as of 7 January 2022.

ZipLock (Fixed term)

Here’s the overview of the APY you’ll earn for different digital currencies based on your ZipLock membership tiers, as of 7 January 2022:

Digital currencyVIPVIP 1VIP 2VIP 3VIP 4
Zipmex token (ZMT)12%12.75%13%13.5%14%
USD Coin (USDC)9%9.75%10%10.5%11%
Bitcoin (BTC)4%4.75%5%5.5%6%
Ethereum (ETH)4%4.75%5%5.5%6%
Tether (USDT)4%4.75%5%5.5%6%
Litecoin (LTC)3%3.75%4%4.5%5%

*Note: There’ll be a minimum lock-up period of 45 days for each digital asset. The rates indicated in the table is accurate as of 7 January 2022.

ZLaunch

ZLaunch’s APY (annual percentage yield) is equal to its APR (annual percentage rate) since there’ll be no compounding interest when you lock ZMT for reward.

How to earn the highest interest rate with Zipmex Earn

ZipMembership — Zipmex’s loyalty programme (also known as ZipCrew) — offers 4 VIP tiers, each providing increasingly higher interest rates.

To be part of ZipCrew, simply purchase and lock some ZMT tokens in your Zipmex wallet. Do note that you’ll need to re-lock your ZMT each time the lock-in period is over to maintain your tier status/level.

Here’s the minimum number of ZMT tokens you’ll need to hold in your Zipmex wallet to be eligible for the various tiers:

TiersAmount of ZMT tokens in Zipmex wallet
VIP 1100
VIP 21,000
VIP 35,000
VIP 420,000

What are the other benefits of having a ZipMembership?

On top of benefiting from higher-earning rates in ZipUp and ZipLock programmes, you’ll also enjoy other perks such as:

  • Trading fee discounts
  • Invitation to exclusive events
  • Dedicated client support (for VIP level 4 only)

How experienced do you need to be with crypto to use Zipmex Earn

Earning crypto rewards through Zipmex Earn is easy, especially with Zipmex’s user-friendly interface and step-by-step prompts.

If you’re new to cryptocurrencies, you can skip the process of depositing crypto assets from an external wallet or another exchange by simply purchasing digital assets directly from Zipmex exchange with Singapore dollars (SGD).

Once you’re purchased your tokens, you may proceed to stake them for crypto rewards with Zipmex Earn. This process is quick and can typically be completed within minutes (excluding the time required for your bank deposit to reflect in your Zipmex balance, which could take up to 48 hours for your first deposit).

Zipmex exchange review

What cryptocurrencies can I use with Zipmex Earn

As of 7 January 2022, you can earn crypto rewards through ZipUp and ZipLock with the following currencies:

  • Zipmex Token (ZMT)
  • USD Coin (USDC)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Litecoin (LTC)

Is Zipmex Earn safe to use?

Zipmex has a number of security measures in place to ensure the security of its users’ assets and funds:

  • Regulation. Zipmex operates as an exempt entity from the Monetary Authority of Singapore (MAS) under the Payment Services (Exemption for Specified Period) Regulations 2019. It also partners with BitGo as its custodian for digital assets, which insures the digital assets stored on its custody wallet with coverage up to US$100 million.
  • Verification process. Zipmex requires user identity verification for fiat currency deposits, withdrawals and trading. Crypto-to-crypto deposits, withdrawals and trading are available with email confirmation only.
  • Security features. Zipmex recommends 2-factor authentication for your Zipmex account as well as the email address you’ve used to register your account. Zipmex says it uses an “overlapping security structure”. So far, there are no known instances of Zipmex being hacked.

How do I get started with Zipmex Earn account?

To start earning crypto rewards with Zipmex Earn, you’ll first need to open a Zipmex account and complete the required KYC verification.

Verdict

If you’re a crypto investor and want the opportunity to earn attractive returns on your idle assets while you hold them, then a Zipmex Earn account may be ideal for you.

However, many other exchanges such as Gemini, Crypto.com and KuCoin are also offer staking programmes, so take the time to compare options before you sign up.

Consider factors such as fees, barriers to entry, APY offered as well as the type of assets you need before getting started.

Ready to sign up?

Compare Zipmex Earn against other crypto savings accounts

1 - 9 of 9
Name Product Mobile View Crypto Savings Yield rate Deposit fee Cryptocurrencies
  • Yield rate

    Up to 12%
  • Deposit fee

    S$0

  • Cryptocurrencies

    51

Up to 12%
S$0

51

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

A multi-currency card that supports over 150 currencies, including more than 8 cryptocurrencies at interbank rates.
  • Yield rate

    Up to 8.05%
  • Deposit fee

    1.49%

  • Cryptocurrencies

    28

Up to 8.05%
1.49%

28

Earn daily compounded interest on your crypto balance, including stablecoins. No hidden fees or lock-in period.
  • Yield rate

    Up to 12%
  • Deposit fee

    S$0

  • Cryptocurrencies

    51

Up to 12%
S$0

51

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Access supercharged rewards and curated merchant offers in addition to standard Wirex digital payment features and travel card.
  • Yield rate

    Up to 12%
  • Deposit fee

    S$0

  • Cryptocurrencies

    51

Up to 12%
S$0

51

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Enjoy revolutionary digital payment features on-the-go, plus exclusive merchant deals and higher rewards when you spend on your Wirex card.
  • Yield rate

    Up to 8%
  • Deposit fee

    S$0

  • Cryptocurrencies

    42

Up to 8%
S$0

42

Earn attractive APY on selected cryptocurrencies and newly launched projects. Choose from flexible and fixed term options.
  • Yield rate

    Up to 9.5%
  • Deposit fee

    S$0

  • Cryptocurrencies

    13

Up to 9.5%
S$0

13

Buy, sell, and earn crypto on an all-in-one digital platform. Earn competitive APY on stablecoins and other cryptocurrencies, plus access a variety of crypto-backed loans.
  • Yield rate

    Up to 13%
  • Deposit fee

    $0

  • Cryptocurrencies

    7

Up to 13%
$0

7

Yield App offers a crypto savings option that allows you to earn interest on your BTC, ETH, USDC, and USDT with a yield of up to 13% interest.
  • Yield rate

    Up to 7.5%
  • Deposit fee

    $0

  • Cryptocurrencies

    2

Up to 7.5%
$0

2

Earn competitive interest on BTC and USDC, plus access dollars or more bitcoin from BTC-backed loans.
  • Yield rate

    Up to 13.86%
  • Deposit fee

    0

  • Cryptocurrencies

    8

Up to 13.86%
0

8

Earn competitive APY and maximise the potential of your Bitcoin, Ethereum or stablecoins holdings with this Singapore-based crypto lending platform.
loading

Compare up to 4 providers

Frequently asked questions

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.

Ask Finder

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Privacy Policy.
Go to site