ZebPay Crypto-Exchange Review

ZebPay is a crypto exchange platform headquartered in Singapore and founded by Sandeep Goenka, Mahin Gupta, and Saurabh Agrawal. The trio started the ZebPay crypto trading service in India in October 2014.

Initially, ZebPay was founded in 2012 as Buy Sell Bitcoin. Still, with Bitcoin considered a risky investment back then in India because it's a decentralized system, it took a while for the founders to develop a plan to ensure the users understand the blockchain ecosystem and safe digital asset trading. Finally, in 2014, the founders finalized the strategy, and the company name changed to ZebPay. 

In April 2019, ZebPay was granted blockchain Australian membership and launched its services in Australia from May 2019. Later, in Jan 2020, ZebPay established its crypto trading services in Singapore and re-launch the services in India in the next eight weeks in March 2020 after the Indian Government lifted the ban on crypto trading. In India, ZebPay has its registered office in Ahmedabad (Gujarat).

In January 2021, ZebPay announced launching the $ZEBRA token, India's first NFT (non-fungible token) with a unique reward program. Though ZebPay hasn't officially announced the launch date, the company has mentioned that the ZebPay user who did at least one transaction since March 2020 has a 1% chance of receiving the $ZEBRA token via airdrop.

ZebPay has introduced the Bitcoin Lightning Network payment method similar to the Wallet of Satoshi for sending and receiving Bitcoin from whitelisted and non-whitelisted addresses.

In addition to crypto exchange trading, ZebPay also offers crypto lending and fixed deposits to all its users. Furthermore, ZebPay also offers the lowest fees of 0.10% for intraday trading in cryptos. 

To ensure the crypto exchange platform safety, ZebPay charges a monthly membership of 0.0001 BTC or equivalent only for inactive traders; thus, it is mandatory to do at least one crypto trading in a month. 

ZebPay has partnered with Chainalysis, the globally best blockchain data platform company that offers high-end security to various financial companies, government agencies, and crypto exchange platforms to maintain secured blockchain transactions of the ZebPay. 

ZebPay has partnered with BitGo, a worldwide most prominent leader in securing digital assets offering USD 100 million insurance for ZebPay users for the crypto wallet security.

Why choose ZebPay Exchange as your Crypto Exchange partner?

• ZebPay offers a clutter-free platform with advanced trading features — exchange, lending, fixed deposit, and crypto-pairing. 
• ZebPay has partnered with BitGo — a world prominent digital asset security company with USD 100 million insurance for the ZebPay users.
• ZebPay offers trading across four major crypto-crypto pairs — Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Tether (USDT). 
• ZebPay offers up to 6% returns on open terms and up to 12% on fixed-term crypto holdings.
• ZebPay offers a Bitcoin Lightning Network payment method to send and receive Bitcoin on the ZebPay platform to whitelisted and non-whitelisted addresses. 
• ZebPay crypto exchange platform is GDPR (General Data Protection Regulation) compliant, ensuring the safety and security of the user data.
• ZebPay is a member of ADCA (Australian Digital Commerce Association), AUSTRAC (Australian Transaction Reports and Analysis Centre), Switzerland Bitcoin Association, and Crypto Valley Association.
• ZebPay has introduced India’s first NFT Token — $ZEBRA to its users. 

How to Open a Crypto Trading Account on ZebPay?

• Go to https://ZebPay.com/ or install the ZebPay app on your Android or iOS (For KYC verification, you need to log in on your mobile app. It is advisable to sign up through the mobile app directly).
• Enter the mobile number you wish to register and click on sign up.
• Enter your first and last name
• Enter your email id and promo code (ZebPay100)
• Set a four-digit pin.
• Confirm the four-digit pin. 
• Accept terms and conditions, check the “I’m not a robot” box, and click continue.
• Verify your mobile number by entering the four-digit pin you have set and clicking on login.
• Verify your email address by clicking on the link sent to your email.
• Click on “verify identity.”
• Choose your nationality and country of residency.
• Click on “I hereby consent to the document usage terms given here,” and click on continue.
• You will need to submit an ID Document, Address Proof, and Declaration.
  • ID Documents: Upload your PAN card copy. 
  • Address Proof: Select one — Aadhar Card, Driving License, Passport, or Utility Bill dated within the last three months. Upload the photo of your selected document.
  • Declaration: Source of funds and Occupation.
• Click on continue, and the page will redirect to bank account details.
• Fill in your bank account details — Account holder name, bank name, account number, and IFSC Code.
• Upload cancel cheque or bank account statement copy (1st page), showing the user name, account number, and IFSC Code.
• Click on save bank details.
• You will get the message shortly for the account activation.

Supported Crypto Currencies in ZebPay

ZebPay supports 132 digital coins, including the five strongest cryptocurrencies — Bitcoin, Ethereum, Ripple, EOS, and Tether are available for trading pairs. In addition to crypto trading, ZebPay offers lending and fixed deposits on cryptocurrencies.

How to deposit money and withdraw money in ZebPay exchange?

DEPOSIT:

• Log in to your mobile app and enter a four-digit pin or biometric.
• Click on Portfolio.
• Click on Deposit.
• You will get two options — Instant Deposit (via NEFT, RTGS, IMPS, and UPI) (minimum INR 100, maximum INR 50,00,000) or Net Banking (minimum INR 50, maximum INR 5,00,000)

Please note: The instant deposit will take less than 5 minutes to get a deposit and ZebPay charges INR 7. Net Banking will take up to 15 minutes to get deposited, and ZebPay charges are INR 10 per transaction.

• Instant Deposit — Transfer via UPI: You will be given a UPI address, and you need to deposit INR via a verified account that you have registered on the app.
• Instant Deposit — Transfer via bank: You will be given an account number, and you need to add the beneficiary to your registered bank account to make the transfer
• Net Banking — Enter the amount you want to deposit and select the payment transfer (ATOM Deposit). Click on proceed to deposit and choose the net banking linked bank account. Click on verify and pay. Follow the steps. 

WITHDRAWAL

• Log in to your mobile app and enter a four-digit pin or biometric.
• Click on Portfolio.
• Click on Withdraw.
• Click on Bank Withdrawal
• Please note: ZebPay charges INR 10 per transaction, and the user can withdraw a minimum of INR 100 and a maximum of INR 70,00,000. The processing time is up to 2 business days.
• Enter the amount you want to withdraw and select your bank.
• Click on Withdraw.