Bitcoin Forum

Well!! Did you know?


South East Asia’s leading low fee Zipmex exchange (https://coinpedia.org/press-release/get-15-bitcoin-free-on-zipmex-launching-this-week-in-australia/) opens its doors to Australian customers this week

You can get $15 in free bitcoins just by signing up with the zipmex exchange

What's your take on this?

Adding lots of alternative exchangers certainly makes it easier to add more altcoins that grow and deserve to be supported too.
frankly I have never been and have no desire to try it before I myself learn and receive information from colleagues who use.
continue to be successful with Zipmex exchangers, hopefully they can help with crypto development.

Is It Marketing Move??

It's just a way of trying to get active traders which is not a bad idea, the only concern should be the reputation of the exchange and how much they charge their customers a fee.  In the end, only customer friendly exchanges with good reputation will survive.

This is only good for 500 users which do able to verify themselves - (KYC as usual).This isn't a bad marketing though but
reputation of this new exchange is still questionable.

Basing on whats being written on the article it did mention "Founded by Australian tech entrepreneur Marcus Lim (Oneflare), the Singapore based exchange has quickly amassed users across 57 countries." If this stats is true then it should really have some liquidity. Then why not being listed on  CMC?

So its clear that most thing being said on article aren't right or just simply making up things convincing yet its obvious that they didn't still able to reach out that state.

Yeah zipmex exchange charges very low fees

At first, they offer 15USD only to Australian people?
Secondly, there are many airdrops that offer real and valuae coins for easy KYC process, but for me it looks like they are paying for getting your ID only.

Looks like it's only for the first 500 customers, and being registered in Australia, the website is almost certainly going to want you to complete KYC verification.

Sell my ID to some sketchy new website for $15? I think not.

Otherwise, simply sign up and withdraw the money, rince and repeat with muliple IP addresses.

Right!!

Such free distributions of cryptocurrency is only a marketing move to attract new traders and expand the existing customer base. Now there are many exchanges and all of them are too young, they did not manage to earn a reputation, therefore they create marketing campaigns with the aim of drawing attention to their exchanger.

I think this is quite normal because each project also has their own marketing campaign, registration and receiving prizes are majority

$15 is very cheap to acquire a new customer.  They are doing it because it is a smart business move.  It is the same with crypto casinos giving out 20 dollars in free spins, they make more money then they are spending on customer acquisitions. 

I think this is smart move by zipmex

giving a $ 15 bonus to registrants is a good strategy...
but It was my first time hearing about this exchange. ZIPMEX is very foreign in my ears, when they released this exchange, I didn't know.??

Strongly believe you are new to this industry and if not, you are possibly one of the team member of the exchange, you are paid to post for them, in other word creating the awareness for others. But due to the competition in this industry, many exchanges have diversified ways to get the attention of users to their exchanges and that has worked pretty good for some projects I know before now. What you see them doing is;  creating awareness to potential investors or traders to their platform.

Thats a good marketing strategy But is it open to all new users or just for australian users. Actually these is not new other exchange was also do this as form of welcome bonus but its more attractive if $15 dollars BTC bonus is open to all new users globally.

If the team will be doing it globally and it needs more than a hundred million dollars to be airdropped to the global users. that airdop is giving for the first 500 users who are signing up after read that announcement. The australian users will be getting the VIP access to the insurance funds.
I guess the airdrop will be giving for the first 500 users only and no more.
It's too little consider this exchange site has claimed already had 100 million dollars to be paced as insurance funds.

It is just for Australian users

Zipmex exchange is a new exchange thats why i wont drop my ID for the 15$,if the exchange is a very good one it would have been listed on few awareness creating websites,bitsdaq and vindax did the same,its risky giving out your ID to new exchanges that might not even launch someday,its more like they are buying KYC for 15$

Alright!!

I think that nowadays it doesn´t matter where you send your IDs. We have seen that our datas are not safe any more. I am talking about Facebook affair or last Binance KYC hack.  :D

Agree with you, each exchange will certainly provide the best promotion but whether it can be fun in the next step? as you say if it's good you can be sure it will be listed on the site clearly. it's better to listen to lots of information than those who might have tried it.

okay!

alright

There are so many new cryptocurrency exchanges and they need customers. Do you know what is better marketing strategy than giving away real money? I don´t.  :D

very reasonable exchanger is currently giving some bonuses on bitcoin, altcoin is for attracting users and also usually this condition is always related to kyc, but should be a little cautious too because some exchanges that do this have been proven to be scam exchanges so my advice if you want to choose an exchange do not move will be bonus given but it is better to choose an exchange that is clear and has a large enough volume.

Exactly i agree with you buddy

Yeah, many people will be interested in getting bonus, it is valid only for Australian users.

Considering the competition you see nowadays, with soo many exchanges already in the business and many being launched each day, you need to attract customers in order to run your exchange, and I think this is a wise move by Zipmex. I will have to try it find more about this exchange.

Honestly I'm not familiar with an exchange, probably this is a new exchange or a small exchange just trying to be aggressive with their marketing technique. However, I doubt that this strategy will be effective, I'm afraid this will only be abuse by the cheaters in the space.

This new exchange has to run a promotion like this so they will gain popularity in the space.
With the big number of exchanges with good liquidity, I think this exchange will have to find all the techniques to introduce their exchange in the market.

I was able to access the exchange, and it's not bad in my eyes, they also have a decent volume in their trades, let's see if they can add more altcoins as we need more exchanges for altcoins due to the big number of altcoins in the market.

with 15 usd each for the first 500 users to sign up and verify, they will have to spend only $7500 for this promotion, so hopefully they'll get some benefits on it. I don't know how to verify, whether through email only of users needs to comply with the KYC.

the kindest explanation of it is their self promotion. i hope it'll work as simple as it sounds and no unexpected conditions would appear.

This is a promotional program for this exchange to attract new users when the event opens for users in Australia. Promo activities related to airdrops to new users as free money always attract a lot of new users, and many active users will help exchange quickly popular among the Crypto community in countries. I always appreciate the same activities, and I will participate in this exchange and will stay if this exchange is excellent.

Yeah exactly. People just give out their personal info anywhere. The worst is airdrops that ask KYC. Can't believe people tell other people where they live. Like what the hell. Did their parents teach them nothing?
They can do a HWID on your pc so the only way to make a new account and get paid again is with an entirely new IP, computer and account. This is how software developers protect their software from being cracked.

KYCs are not really much of a big deal anymore because hackers can get it even from third party kyc platforms or exchanges just like that of Binance hack few months ago. The most important factor should be doing your best to verify the platform you give it to. Besides, security operatives are now knowledgable of the rampant identity theft happening accross the globe so I doubt you will go to jail for having a random guy use your data to Rob a bank in Mexico while you are in South Africa

I still won't just hand over my info unless it in entirely necessary. I will just invest elsewhere or trade somewhere else. No point doing something if you are going to be unhappy with it.
This whole KYC thing is the wrong way around if you ask me. Keep your info safe.