How to buy Zipmex (ZMT) in the UK

Where to buy Zipmex in the UK

It looks like ZMT may not be available to purchase on an exchange in the UK.

You can still purchase ZMT by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase ZMT using a decentralised exchange.

1. Find ZMT on a decentralised exchange and make sure Zipmex can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for ZMT using an exchange like CoinJar. You will need to purchase enough ETH to swap for ZMT as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for ZMT on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the ZMT tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

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.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

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.
• Centralised 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 ($0.0346404 USD) against its all-time-high price of $5.88 USD on 15 April 2021. The closer the bar is to 100%, the closer ZMT is to reaching its ATH again.

How to trade, convert or sell Zipmex

You can convert or sell your ZMT with the same exchange you bought it through:

1. Sign in to the exchange you have ZMT on.
2. If you store your Zipmex in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of ZMT you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Zipmex.
6. Complete your transaction and move your ZMT to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.