If you have any interest to buy Zipmex (ZMT), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of Zipmex (ZMT).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Huobi
Now let me show you how to Zipmex (ZMT) using your investment from Binance.
But not every crypto can be traded in Binance we need to transfer our coins to an exchange that Zipmex (ZMT) can be traded.
I will show you how to use Huobi which is a famous exchange to trade altcoins. We will use the link below to register your new account.
Once you have completed similar processes as you have done before with Binance you are ready to transfer our Bitcoins.
Step 4: Depositing BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades Zipmex (ZMT), you will need to transfer your BTC from Binance to that specific exchange.
Usually done through a wallet system. to huobi deposit move your mouse over to “Balances” on the top right and click “Exchange Account”. Look for “BTC” from Token section and copy the given “Deposit Address”
To do this part may be a little difficult but don’t worry, it is easier than a bank transfer. Then copy your unique BTC wallet address and go back to Binance.
Then move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”. Look for BTC in the list and click on “Withdraw” on the right hand side.
You have to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Type down the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Next, click on the Submit button to begin with the withdrawal process. To proceed with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That’s all, now you should wait for a while so that the blockchain to confirm your transaction.
Step 5: Trade Zipmex (ZMT)
Now you have to go back to Huobi to buy Zipmex (ZMT) with the Bitcoins you sent.
Move your mouse over “Spot Trading” and click “Exchange” then you will see trading menu. Look for huobi trade in the left column make sure to select “BTC” pair and in the search bar type in “ZMT”.
After you move your coin click on it and now you will see a price chart of ZMT/BTC in the middle of the page. Select the “Market” tab as that is the Easiest way of buying orders.
Also, you can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
Once you have confirmed everything, click “Buy ZMT”. Now you own your ZMT!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Zipmex gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Zipmex securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Zipmex for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy Zipmex with cash?
The answer is No. Because there is no way you can directly buy Zipmex with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy Zipmex while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase Zipmex or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
What is ZMT?
ZMT is a ERC-20 token custodised on BitGo created and governed by Zipmex, a digital assets exchange and investment platform. ZMT is designed to be used mainly within the Zipmex ecosystem. Holders of ZMT will receive a boost on earnings from digital assets stored in Zipmex and can receive reduced transaction fees when trading on the Zipmex platform. ZMT is also designed to facilitate payments within Thailand with ZipPay, which will be rolled out in Q4 2021. Holders of ZMT can make electronic payments with ZMT using QR codes at stores in Thailand and receive cashbacks and rebates with every payment.
What is Zipmex?
Zipmex is the only fully regulated cross-jurisdictional digital assets exchange in Asia Pacific with a variety of investment products including interest-bearing accounts (ZipUp), lending (ZipLend) and payments (ZipPay). Its vision is to be the leading digital wealth generation platform in this region by providing people with better financial and investment opportunities. Fully-regulated by the relevant authorities and operational in Singapore, Australia, Indonesia, and Thailand, Zipmex provides users with a safe and secure platform to buy digital assets at the best prices via the provision of the deepest liquidity pools.
What are the use cases for ZMT?
Higher earnings from Zipmex earnings schemes when ZMTs are bought and staked.
Lower lending fees from ZipLend when ZMTs are bought and staked.
Make electronic payments with merchants while receiving cashbacks and other benefits in Thailand.
Use to trade for other tokens on Zipmex exchange.
Get trading fee discounts on Zipmex exchange.
What is the circulating supply of ZMT
There will be a total of 200,000,000 ZMT in the Zipmex ecosystem, of which 66,000,000 ZMT are targeted to be in circulation by the end of 2021.
38% of the total supply will be used for community development, 15% for private sales, 22% for the Zipmex team. The remaining 5% and 20% is allocated to Zipmex early advisors and the Treasury respectively.
While the total token supply is capped, the demand for ZMT is expected to continuously rise as the ecosystem and use cases for the token continue to expand. As ZMT will be gradually released into the market over the course of four years from launch, the Zipmex team will manage the demand and supply of ZMT.
How are ZMTs secured?
As the token is a ERC-20 token, it uses smart contracts for the token implementation.. On Zipmex, ZMTs are stored in BitGo’s custodian wallet.
Who are the founders of Zipmex?
Marcus Lim is an accomplished entrepreneur who previously founded Oneflare.com.au, Australia’s fastest growing marketplace for local services, which was partly acquired to form part of the Domain Group (ASX:DHG) for AUD$43M. He is an expert with vast experience in the digital assets and financial technology industry. This has earned him speaking opportunities on Bloomberg, Channel New Asia and many more. Marcus graduated with a Bachelor of Economics and Bachelor of Commerce from the University of New South Wales and was a UNSW Co-operative Scholar. His vision to ‘make investing accessible through financial inclusion’. Marcus oversees the entire regional expansion and development of Zipmex.
Dr. Akalarp Yimwilai is a legal veteran in the finance industry specializing in capital markets and new asset classes. Having seen the benefits of blockchain and how digital assets can be used for driving positive change, he is a strong advocate in bringing the benefits to all. Prior to realizing this calling, Akalarp was previously an executive director in a securities brokerage and investment bank. With his Georgetown law degree and a PhD in Public Administration, Akalarp is at ease working within senior government and corporate finance remits.
Who is the Zipmex team?
Zipmex’s management team comprises of a diverse group of finance and technology professionals with experience across sectors such as banking, consulting and tech.
James Tippett, Zipmex’s Chief Technology Officer, a technology leader who specifically oversaw several major transitions, including MySQL to PostgreSQL and memcached to redis. Since 2013, he has mined and coded many blockchain-related technological applications. He was previously the Head of Engineering at AirTasker where he designed and developed numerous APIs, along with other back-end infrastructure and systems design.
Proud Limpongpan, Zipmex’s Chief Strategy Officer, is a trained economist with both strategy and operations experience, Proud brings deep expertise in tech strategy and marketing to making finance accessible and fun. She has worked with private equity firms and multimillion dollar companies across nine countries, as well as invested in and built companies from scratch. She grew her latest manufacturing company by 16x in revenue within 3 years. Prior to Harvard Business School, Proud was a consultant at the Boston Consulting Group, focusing on establishing strategic initiatives for C-suite clients.
Jonathan Low is Zipmex’s Chief Operating Officer. He is a seasoned banking professional who specialises in launching and scaling new products and divisions, always with the customer at heart. Previously from ING, where he was leading a Global Lending Program which was tasked with keeping ING at the forefront of digital innovation across 8 of its markets. He’s passionate about ensuring that the best product is brought to market, with a strong operational infrastructure that will enable scalable growth. Jonathan graduated with a Bachelor of Business, Finance and Economics (Hons) from the Unversity of Technology Sydney.
Learn more about the other members of the Zipmex management team here: https://zipmex.com/about-us/
Where can you buy ZMT?
Currently, ZMT is available for purhase on Zipmex exchange with plans to list the token on other exchanges as well.