ZebPay Review : Read before investing in crypto

Cryptocurrency investment is slowly moving towards the mainstream world. Earlier it was considered a scam or a bubble that will be busted any time but then the pandemic came and it made us realize many things including the potential of cryptocurrencies.

Today, not only the retail investors believe in it but also the world influential peoples like Elon Musk also believe in the future of cryptocurrencies. And that’s why he has compared bitcoin with in terms of storage value. His company Tesla also allowed their customers to buy their products using bitcoin. Not only, Tesla, many other big companies like Goldman Sachs, Visa, etc have invested in cryptocurrencies.

But people still have one issue that is confusion in selecting an exchange. Earlier there were only a few exchanges that can be used to buy, sell, and trade cryptocurrency, but today there are so many exchanges that it makes the choice more difficult.

I will review an exchange called ZebPay so that you came to know about all the details of the exchange and it helps in making the choice.

Introduction

ZebPay was launched in the year 2014, with the launch of bitcoin Wallet in India. It is a very popular and widely-used platform with more than 3 million users. It has $2 billion fiat transactions and $3 billion cryptocurrency transactions across more than 160 countries. It was founded by Rahul Pagidipati who is the company’s CEO also. The cryptocurrency exchange enables its users to buy, sell, and trade-in cryptocurrencies like Bitcoin, Litecoin, Ether, Bitcoin Cash, XRP, and many more.

ZebPay app is available on iOS and Android that focuses on the long-term value investment. ZebPay’s app offers a very simple, user-friendly interface, and it is also easy to navigate, has many advanced trading features. The exchange also has uploaded a bunch of youtube videos in regional languages for beginners. Recently, It has introduced a referral program to attract the masses.

Also Read : Gemini Review

Features

• The registration process is very simple. You only need to fill the KYC form and upload your photographs. Then register your bank account and you are ready to go.
• You can start with just Rs 100 worth of any cryptocurrency on this platform.
• It has an unreachable security protocol. That makes it one of the most secured cryptocurrency exchanges.
• ZebPay is very easy to use and trading on it is really simple.
• The transaction speed of the exchange is very high that normally exchanges don’t offer.
• As I already mentioned it has more than 3 million users, so you can analyze its potential.

Fees

There are many different fees on this exchange.

• Trading Fees

It currently offers zero trading fees on BNB-INR pairs.
If you place the order immediately then you will have to pay the Takers fees of 0.25 %.
If you want to hold on to match the order then there would be a nominal Makers Fee of 0.10 %.
ZebPay charges 1.10% for Intraday transactions.

And If you are dealing in USDT-INR and Crypto-Crypto, then trading fees are flat 0.10% for Maker, Taker, and Intraday transactions.

• Monthly Membership Fee

The monthly membership fee is approximately ₹ 75.

• For Fiat Transactions

Any kind of deposit method other than Net Banking is absolutely free.
Net banking is charged at 1.77%.

• Withdrawal fees

Withdrawal fees for fiat transactions are very nominal and are around Rs 10.

Also Read : Bityard Review

Security

The wallet offered by the exchange follows a strict verification process that validates each of its users. KYC is mandatory in this exchange. ZebPay follows a multi-layered security system. The exchange keeps 98% of assets in offline cold storage to keep them safe from any security breach. Recently, it has introduced third-party testing that tests the security system from time to time and it also rewards those who report bugs in the system. According to the customers, the ZebPay exchange platform protects its crypto wallet services just like Templars protect the Holy Grail.

Supported countries

ZebPay supports the following countries:
Costa Rica, Burkina Faso, Burundi, Benin, El Salvador, French Guiana, Denmark, India, Sint Maarten, Sri Lanka, Sierra Leone, Cape Verde/ Kabu Verdi, North Korea, Saudi Arabia, Guinea Ecuatorial, South Korea, Dominican Republic, Papua New Guinea, São Tomé and Príncipe, Northern Mariana Islands, Congo Brazzaville, Česká Republika, Bosnia and Herzegovina, Central African Republic, Equatorial Guinea, New Zealand, Caribbean Netherlands, United Arab Emirates, the United Kingdom, etc.

What happened to the exchange when India has banned cryptocurrencies?

In the year 2018, RBI has banned all the cryptocurrencies, when the exchange was in its best times. The ban has forced the company to move to another country and that created a downfall in India for the exchange. Then CEO, Ajeet Khurana has said that they have to move out of their home country due to the ban.

The team of the exchange has worked very hard to developed new features in the exchange. Then in 2020, the Supreme court has lifted the ban and the exchange came back in the country. And the country has welcomed it with a great response.

ZebPay is a great option for the people of India, but selecting it will completely depend on your criteria.