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How to Transfer USD into your Zipmex Account

How to Transfer USD into your Zipmex Account

31 March 2020 zipmexteam Announcements

Unlike most of the exchanges out there that do not support fiat currencies, Zipmex allows you to be able to purchase the digital assets of your choice using fiat currency.

Zipmex currently supports three different fiat currencies, namely USD, SGD, and IDR. Depending on your location it means that you can deposit one or a couple of these three fiat currencies in your Zipmex account and start exchanging them for digital assets.

In this article, we will explain how you can deposit money on your Zipmex account so you can start trading.

Steps To Deposit Money In Your Zipmex Account For Mobile Application

To deposit money into your Zipmex account, follow the following steps. 

Step 1 – Register Your Zipmex Account

Before depositing money into your Zipmex account, you need to have an account with us. If you already have an account, please login. As for new users, please click on “signup” button, fill in all the required fields and submit, after that you will receive an activation account email. Please activate the account and login.

Step 2 – Navigate to the Wallet Tab

Once you have entered the correct login credentials, you will be redirected to the homepage of your account on the Zipmex App. To proceed to deposit money onto your account, click on the “Wallet” tab located at the bottom right hand corner.

Step 3 – Deposit into Zipmex

After clicking on the wallets option from the navigation bar, you will be redirected to a page displaying assets and cash. Find the subheading “Deposit” 

Click on the “Deposit” button and then you will be presented with a new screen which lists a selection of Cash or Asset deposit options. Select “USD” as your deposit option.

The next screen will appear and automatically lists details of the Bank account to wire your funds to. All you have to do is enter:

Your “Full Name”, and the “Amount” you wish to deposit into your Zipmex account. 

Once you have provided all the necessary details, click on the “Place Deposit Ticket” button located at the bottom of the screen.

Step 4 – Check and Confirm Your Deposit Details

After you have clicked on the “Place Deposit Ticket” button, another popup will appear, containing  a summary of the details that you previously entered. Please carefully check the details are correct on this pop up deposit ticket. After verifying everything is ok, click on the “Confirm” button. 

Step 5 – Send Your Deposit

Once the Deposit ticket appears, follow instructions to wire the amount you have listed to Zipmex’s customer funds bank details. If you are depositing USD, the nominated bank is Wells Fargo. At this stage, please login to your banking portal and enter the Bank Name, Wire Number and Account Number listed on the Deposit ticket. To find the details on the Deposit ticket again, simply go to the “Wallet” tab, then click on “Cash”, and on “USD”;you will then be able to see deposit tickets that you have created before. Click on the latest ticket and you will be able to see the bank details again.

Once you have completed the transfer, click “Confirm” in the Zipmex App.

Once Your Deposit Arrives You Can Start Trading

After you have followed all the steps and wired your funds  to Zipmex’s customer bank account, your deposit will be reflected in your Zipmex wallet within 1 – 2 business days depending on how fast your bank’s transfer is. You can then use the deposited USD to buy Bitcoin, Ethereum, Litecoin, or Ripple. With not many exchanges accepting fiat deposits, Zipmex offers you the perfect platform via the our app to start investing in digital assets.

For Desktop users

You can deposit fiat in just two simple steps.

 Step 1: Log Into Zipmex

Once logged on,  you are brought to the main page. Click on Wallets on the top banner.

Step 2: Deposit Money

Find the USD United States Dollar and click the deposit icon.

Follow the Deposit instructions and fill in necessary fields, including your full name and the amount that you wish to deposit.  Once you are done, click Place Deposit Ticket.

Once you have confirmed your deposit amount, wire the exact amount stated, from your bank account to the account given and input the reference code under the comment box of the wire transfer. Depending on the bank you are using, it may take 1 – 2 business days for the amount to be deposited into your Zipmex account. Once you have received your funds, you can start buying your digital asset on Zipmex.

Bonus! Transferring Digital Assets to your Zipmex Account

If you possess digital assets in your existing account(s), you can also transfer them to your new Zipmex account. In fact, anyone can transfer digital assets to your account, as long as they have your deposit address. To locate your deposit address, click Wallets on the top of the Zipmex page. From the list of assets, locate the digital assets that you wish to receive, and click the deposit icon.

This will bring you to this page:

A QR image of your deposit address is available, as well as the deposit address itself. You can copy this address to send your digital assets over to your Zipmex account. Once the system confirms your transaction, the digital assets will appear in your account. Do note that due to large transaction volumes, confirmation of transactions may take the Zipmex network up to an hour.