Zeb pay is a cryptocurrency exchange platform that was founded in 2014 and on this platform you can trade in digital coins like Bitcoins, Ethereum, Ripple, and Lite coin. To use this app you have to register at Zeb pay and complete KYC verification, deposit money and start Crypto trading as it offers all Crypto wallet services. In this article, I will tell you about zebpay map in detail and you will get a complete review of this app so that you can know if it suits your needs or not. In this blog we are going to tell you the Zebpay App Review, so read this full blog to get the complete information.
About Zebpay
Zebpay is a crypto exchange platform that allows its users to buy and hold Bitcoins and other cryptocurrencies like Ethereum, Ripple, TUSD, and Litecoin. It is a simple trading platform and an app for beginners which helps them to understand the trade easily. You can either use this cryptocurrency exchange on your mobile device by using the app or you can also use it on the web using the device of your choice. For using this app you just have to create an account with Zebpay to buy or sell Bitcoins and other cryptocurrencies which means that you need to complete KYC by uploading documents and depositing money into your zebpay account so that it will allow you to deposit and withdraw rupees from the linked bank account. 4 rupees 10 withdrawal fees so if you want to withdraw INR from your account you have to pay this as INR withdrawal fees. Below we have mentioned all the points which you need to know about Zebpay.
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Features of Zebpay App
Zebpay offers many features to its users which are as mentioned below:
Deposit and withdraw INR
This feature allows you to deposit and withdraw Indian rupees from your zebpay account using net banking and UPI and INR amount can be used for investing in cryptocurrency. Once you have Bitcoins, Ethereum, or USDT, you can use them to buy other cryptocurrencies.
Accessible across platforms
Zebpay allows you to do trade through mobile apps and web applications. Both these trading platforms can be accessed on any device like laptop, tablet, smartphone, PC as if it just needs an Internet connection.
Fast Lightning payments
It offers a new protocol free of charge which is built over Bitcoin. It allows small amounts with faster payments by scanning and pasting invoices. Currently, the system allows a maximum of 0.002 BTC per transaction and it can go up to 10 transactions per day.
How to use: Way to use Zebpay app
To use Zebpay, you have to follow the steps mentioned below:
- Firstly open the Zebpay account
- Register within the app by providing your name, mobile number, and email address
- That it will verify your mobile number by using OTP and pin
- The email address will also be verified by clicking the link.
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How can you add money to Zebpay?
You can add INR in Zebpay by using Mobikwik UPI. For this, you need to click on the deposit tap and select Mobikwik to proceed with the further process. You can have other money deposit methods which are through the GoCash Free app and net banking. Further, you need to add the amount that you want to deposit, and at the last click proceed to deposit. After that, you will get two payment options to choose from which are UPI or UPI QR.
Deposit through UPI
For depositing money through UPI, you need to add your UPI handle and you will receive a payment request on your UPI app. Once you approve the transaction on your app, the money will be credited to your Zebpay account.
Deposit through UPI QR
In this process, you have to scan the QR code displayed on the screen with your UPI app to deposit the money and after confirmation, the money will be credited to your Zebpay account.
How to withdraw money: Steps to withdraw money
Zebpay app allows its users to withdraw money anytime only to the linked bank account which is registered with it. The withdrawal is subjected to a minimum and maximum limits which will be displayed on the bank page when you will withdraw. The following are the steps to withdraw money from Zebpay:
- You need to select the withdraw icon on the dashboard and click the right arrow
- Then you need to fill in the amount of money that you want to withdraw and click proceed to withdraw
- You will get a popup page with the and details to verify there check the details and enter the pin to confirm the transaction
- At last, the money will be credited to your bank account in 1 to 3 business days.
How to withdraw Bitcoin from Zebpay?
To withdraw Bitcoin from zebpay you need to have the Bitcoin address to whom you want to give Bitcoins. Bitcoins do not have physical existence like paper rupees (Fiat) which you can hold, touch, or feel. For withdrawing Bitcoin from zebpay you need to select the Bitcoin address from the address list and then enter the quantity of Bitcoin which you want to send or withdraw. Then click on send option to initiate the transaction and at last, you have to enter the pin to confirm the transaction.
How to receive and buy Bitcoin in Zebpay?
To receive Bitcoin
For this, on the app, you have to select the cryptocurrency that you want to receive and you need to select the Bitcoin symbol to receive Bitcoin. Then click on the receive options and tap the add button on the bottom right-hand side to make a receiving address and you can label the receiving address. For sending the link you have to scan the code or copy it and share it via email or message.
To buy Bitcoin
To buy Bitcoin you have to log in to the Zebpay exchange and on the left-hand side, you will have the order entry form. Then click on the BTC INR to buy Bitcoin and fill in the amount and the limit price and then click on place buy order and confirm the trade. Once Your order is traded and you will receive the Bitcoins in the account.
How to send Bitcoin from Zebpay?
To send the Bitcoin from zebpay you need to have a bitcoin address of the receiver and make sure that the address is a Bitcoin address only because Ethereum, Bitcoin, or any other coin will not accept Bitcoin on their address. Once Bitcoins are lost then you cannot recover them as it is very hard unless you have the seed words. If you want to send Bitcoins from zebpay, firstly select the Bitcoin address from the address list and then enter the quantity of Bitcoin which you wish to send. Then click on the send option to initiate the transaction and at last, you will have to enter the pin to confirm the transaction.
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How to buy Ripple in Zebpay?
The following are the steps to buy ripple in Zebpay:
- Select the Ripple Crypto point from the list.
- Then enter the buy order form by indicating the amount and the limit price at which you want to buy Ripple and it is presently traded at Rs 16.70.
- For example, set the limit price at Rs 6.70 to buy Rs 2000 worth of Ripple and you will approximately get 119.760479 ripples for Rs 2000.
Pros and Cons of the Zebpay app
The following are the cons or advantages of the Zebpay app which makes it a great app:
- It has 0.15% maker fees.
- It offers intraday trading in cryptos at 0.10% fees.
- It has a simple Zebpay app and wallet facility.
- It provides lightning and fast payments.
The following are the cons or disadvantages of the Zebpay app which you should know:
- It has membership fees of 0.0001 BTC for inactive accounts.
- It supports only 6 cryptocurrencies.
- The trading pairs are limited to around 15 tradings only.
FAQs
1. Is Zebpay legal in India?
Ans. Like other Bitcoin exchange apps, it has closed all its operations after the RBI ban in 2018 but with the recent Supreme Court orders relaxing ban so now Zebpay is safe and legal in India.
2. Which mobile version is supported by Zebpay?
Ans. Zebpay supports iOS versions 10 and Android 5 for its app you have to make sure that your OS is of the above version which is mentioned.
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Conclusion
Zebpay is a safe and legal platform to deposit and withdraw rupees and do Bitcoin trading as it has been in the Crypto exchange business since 2014 but had to close Indian operations following the ban imposed by the RBI. However, it is back and is revamping its operation as it may take some time to run full-fledged observations. This app offers intraday trading Crypto coins at a lower 0.10% fee and it is also easy to use this trading platform. Therefore, by the above-mentioned points, it will be easy for you to decide whether it will be worth your time and money or not. In last, I hope this blog sufficient enough to provide the complete information about Zebpay App Review.