Zebpay Exchange Review 2022 | Fees and features

Zebpay Exchange Review 2022

Zebpay is one of the best cryptocurrency exchanges in India since operating in 2014. Let Understand Zebpay Exchange Review 2022 | Fees and features before jump into trading. Zebpay exchange is one of the first Indian companies to establish a disrupting exchange platform.

The company currently has its headquarters in Singapore and it operates worldwide. This explains the reasons why many reviews of ZebPay claim that the app has a record of over 2 billion dollars of transactions that were converted into cryptocurrencies as well as a total of 3 million users globally. 

A review of Zebpay also reveals that the company was the first cryptocurrency exchange application that provides Light wallets around the world. In addition, the reviews of Zebpay affirm that the exchange does not charge any type of commission, regardless of the cryptocurrency with which the user operates.

Is ZebPay Legit?

Since its launch in 2014, Zebpay has handled billions of customer assets and is considered a legit crypto exchange. There have been no reported major security incidents, hacks, or loss of users’ assets on Zebpay, and has kept users’ funds safe. ZebPay is the best cryptocurrency app in India among users.

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How To Register With Zebpay

The process to register a Zebpay account is really easy. To start, visit the website and click on the ‘Sign Up’ link at the top right-hand corner. This will bring you to the account registration page as shown below. 

Here, enter in your mobile number and country code, your name, and set a 4 digit PIN. This is the PIN that you will need to login. Once you have done this, click continue to receive an SMS with a Zebpay verification code.  

Enter in your code and you’re almost there.

Verifying Your Zebpay Account

The next step is to verify your Zebpay account.  You will need to submit personnel documents to verify your identity (KYC) to comply with local regulations and prove:

  • Your Identity: This can be a passport or driver’s license that shows your photo, date of birth, and address.
  • Your current Address: This can be a utility document such as a water or power bill that shows your current address. 

The overall KYC process takes approximately 5 minutes if you have the documents ready to upload and a few hours for Zebpay to approve.  

Zebpay Exchange Review 2022 Summary

Headquarters Singapore
Found in 2014
Native Token $ZEBRA Token
Listed Cryptocurrencies 20+
Trading Pairs 40+
Supported Fiat Currencies Yes ( AUD, EUR, INR)
Minimum Deposit Depend on the currency you choose
Trading Fees None
Withdrawal Fees Free (for Fiat withdrawals)
Customer Support Support Ticket

Zebpay Features

#1. Deposit and Withdraw INR 

You can use Indian Rupees to deposit and to make a withdrawal from your Zebpay account. The INR amount can be used for investing in cryptocurrency. Once you have Bitcoins, Ethereum, or USDT, you can use them to buy other cryptocurrencies.

#2. Accessible Across Platforms

Zebpay trading happens through mobile apps and web applications. 

Both the trading platforms can be accessed on any of the devices like laptop, tablet, smartphone, and PC that has an internet connection.

#3. Fast Lightning Payments

Zebpay offers a new protocol free of charge that is built over Bitcoin and allows small amounts with faster payments by scanning or pasting invoices.

Presently, the system allows a maximum of 0.002BTC per transaction and up to 10 transactions per day. 

Zebpay Wallet Supported Coins

The wallet supports six digital assets. This includes BTC, XRP, BCH, ETH, LTC, and EOS. In addition, it supports AUD and EUR. With the launch of Lightning Network Payment in March 2019, users can now trade BTC against Euro. They can also withdraw fiat from their wallets.

To find out where you can obtain BTC, XRP, BCH, ETH, LTC, or EOS in the first place, go to our Cryptocurrency Exchange List and use the filters to find the right exchange for you.

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Zebpay security

Since operations commenced, there has been no report of the wallet being hacked. The wallet uses both the 2FA methods and third-party encryption as security measures. Other security measures include:

  • Multisig cold storage for user funds
  • Multichain security system enabled by Omnitrixx to protect transactions between cold and hot wallets.

Since wallet IDs are synced to mobile devices, recovery of lost private keys is easy, quick, and secure. Users are also provided with adequate customer support.

Trading fees

Maker: 0.15% : 

Also called a limit order. If you place an order for a price some distance away from the current market price, your order goes on the order book and waits to be filled. 

When you place an order onto the order book, you are called a maker because you are making a new trading opportunity on the exchange’s order book. You are also said to be adding liquidity to the market.

Taker: 0.25% : 

Also called a market order. When you place an order to buy or sell at the current market price your order will be immediately filled by the next available counterparty (trader taking the opposite side of your trade).

By matching an order that is already on the order book, you are taking that order off the book. That’s why you are called a taker. You are taking that particular trade opportunity off the order book so no one else can match that order. You are said to be removing liquidity from the market.

Intraday: 0.10% :

If your order entry and exit happen within the same day, you get a reduced trading fee. 

ZebPay is one of the few crypto exchanges to offer a lower intraday trading fee

You will be charged the normal maker or taker fee at the time of your order. The difference will be calculated after midnight UTC and credited back to you the next day.

*Crypto-Crypto fees are lower: just 0.10% for the maker, taker, and intraday.

Deposit fees

*All crypto deposits are free.

Fiat deposit fees

Deposit Method Fee
Net Banking ₹10
Bank Transfer ₹7
UPI Transfer ₹25

Fiat withdrawal fees

*There is a flat ₹10 (10 rupees) fee for all fiat withdrawals.

Conclusion

To conclude our ZebPay review, we can say that Zebpay is an excellent crypto exchange in Australia for beginners to get started with crypto. Zebpay is among the top 5 cryptocurrency apps in India. It has been designed for simplicity, competitive fee structures, a stress-free experience, and safety in mind to allow you to trade with ease and peace of mind. 

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Frequently Asked Questions (FAQs)

Does ZebPay Require KYC?

Users need to complete a KYC procedure to be able to purchase crypto and withdraw funds from Zebpay. Personal identification documents are required to prove identity and comply with local regulations. 

Does ZebPay Have Fund Insurance?

ZebPay does not state on its website if an insurance fund is available to protect users against a breach of the exchange’s physical security measures, employee theft, or loss of any crypto held in the Zebpay wallet.  

Does ZebPay Have A Mobile App?

Zebpay has a mobile phone app for iOS and Android devices that allows you to buy and sell crypto instantly from anywhere with an Internet connection. Like the online version, the mobile app version of Zebpay is user-friendly and intuitive.  The web version of the platform is also mobile-friendly and can be used on smartphones.

Does ZebPay Have A Referral Program?

Zebpay offers a referral program as a reward for bringing in new users to the platform. When you introduce your friends to the world of crypto with Zebpay, you will both receive a credit worth $10.

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