Zebpay is an Indian cryptocurrency exchange, operating since 2012, and originally had the name buysellbitco.in, but due to regulatory instability, it was renamed in 2014. Its founders are Saurabh Aggarwal, Mahin Gupta and Sandeep Goenku. The company is currently headquartered in Singapore.
Zebpay became one of the first exchanges to provide access to residents of India to buy or sell cryptocurrencies. Initially, the exchange provided the opportunity to trade only with Bitcoin, and now it has Ripple, Bitcoin Cash, Ethereum and Litecoin. At the moment, they have not yet listed many popular cryptocurrencies such as Monero, Dash, ZCash, etc., but they have plans to expand their crypto portfolio.
Zebpay Exchange is proud to be one of the first Indian companies to create a revolutionary exchange platform that offers the same services as an Internet-based trading platform, but with the only difference that Zebpay is only available from mobile devices through the app. According to the company's website, this exchange is available for both iOS and Android devices. Zebpay as an app is extremely easy to use. This is not only convenient in nature, but also fast and efficient.
Moreover, the app not only has special features that make it easier to use for customers, but also proved to be convenient for novice investors, as it offers the opportunity to buy vouchers from popular online stores, as well as convenient payment methods, such as debit cards, for the purchase of cryptocurrencies.
The app has a very simple interface, with few charts or information, and is not intended for experienced traders or experts who want to trade.
The exchange does not allow payments from debit or credit cards, nor does it allow payments from mobile wallets such as PayTM, PayPal, etc. The only way to deposit money is through bank deposits, but since this is an Indian exchange, the only currency allowed is Indian Rupees (INR). Depositing any other currency is prohibited.
The margin between buying and selling on Zebpay is usually large, making trading impossible. However, in a recent update, they reduced the margin and made it almost equal.
Zebpay offers its users a high fee structure. Zebpay's fees are one of the most controversial issues on online forums and in communities, but they still charge exorbitant prices to their users. They follow a manufacturer-buyer model, such as Poloniex. They charge 0.59% to manufacturers, and they charge buyers a commission of almost 1.18%.
There are limits on deposits and withdrawals for both fiat and cryptocurrency.
If we talk about the security of the Zebpay application, it is quite high, since the exchange requires users to use 2FA (two-factor authentication). They provide a private key to all their users, and registration is easy and fast. If a user loses their private key or PIN to access Zebpay, they can quickly recover it.
Zebpay users have their own unique ID that syncs with their mobile devices, but if you lose your device, you will still be able to access your cryptocurrencies and prevent them from being lost forever. They have provided a hotline number, if users call this number, they can immediately block all outgoing transactions on their account and freeze crypto assets.
- To own your crypto assets, you need to manage your own private keys.
- Ledger hardware wallets make private key management easy and secure.
- Each unique 24-word recovery phrase creates a new set of private keys.
- Make sure you secure your 24-word recovery phrase properly.