Zebpay Review 2023: Features, Products & Fees in India

Zebpay has a simple web trading platform that you can access on your laptop & PC and a user-friendly app helpful for beginner crypto investors. 

How Zebpay Works

You need to create an account with Zebpay to buy/sell bitcoins and other cryptocurrencies. To invest you need to complete KYC by uploading documents and depositing money into your Zebpay account.

Zebpay allows you to deposit and withdraw rupees from the linked bank account.

Zebpay Features 

#1. Deposit and Withdraw INR 

You can deposit and withdraw Indian Rupees (INR) from your Zebpay account using net banking, IMPS, NEFT and RTGS.

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. 

The trading platform can be accessed on any device – like a 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 the Bitcoin blockchain (Layer 2) and allows small amounts with faster payments

Just by scanning or pasting invoices and confirming you can make peer-to-peer almost instant bitcoin payments.

Zebpay Fee & Charges

#1. Zebpay Transaction Charges

Taker fees are trading charges that happen immediately after placing the order.

Whereas, if you are required to wait for the order to get matched then you need to pay a Maker’s fee. 

 #2. Zebpay Deposit Charges

Zebpay charges for INR deposits are under –

• Rs. 12 per deposit transaction made using net banking
• Rs. 12 per deposit using UPI
• Rs. 12 for rupee deposited through bank transfer

All crypto coins deposited into your account are free.

#3. Zebpay Bitcoin Transfer Charges

If you want to transfer Bitcoin to any other wallet then Zebpay treats it as a withdrawal transaction. Zebpay charges 0.0006 BTC as Bitcoin withdrawal fees. 

#4. Zebpay Crypto Withdrawal Fee

Zebpay charges withdrawal fees when you move your cryptocurrency. The withdrawal fees vary from currency to currency and are subject to minimum and maximum amounts. 

For example, if you wish to withdraw Bitcoin (BTC) then you need to pay;

Likewise, withdrawal fees for Tether USD is 30 USDT, and for Ether (ETH) 0.010 ETH. 

#5. Zebpay INR Withdrawal Fees

Zebpay charges Rs. 15 as withdrawal fees when you withdraw INR from your account.

Rs. 100 is the minimum withdrawal amount per transaction. The maximum you can withdraw Rs. 70 lakhs in a single transaction.

#6. Zebpay Intraday Charges

You can also trade intraday (buy/sell on the same day) on Zebpay. The intraday fees charged by Zebpay is 0.10% to 0.06% depending on your past 30-day trading volume.

The intraday for cryptocurrency starts from midnight. 

#7. Zebpay Membership Fees

Zebpay charges membership fees of 0.0001 BTC or equivalent per month which comes to around Rs. 205 per month based on present BTC prices. 

The membership fee is only for inactive accounts. Means Zebpay wants you to trade at least once a month or pay membership fees.

Zebpay Products Review

#1. Zebpay App Review

Zebpay app helps you trade in cryptocurrency using your smartphone. The Zebpay app is compatible with both iOS and Android devices.

You can access the Zebpay exchange platform directly from the app. Zebpay allows you to do money deposits from your bank account and trade in crypto pairs from the app itself.

However, there are negative reviews of delayed KYC updation on the app.

App Store Information 

#2. Zebpay Wallet Review 

Zebpay Bitcoin wallet, attached to your account, helps you store almost 98% of the cryptos safely in the cold wallets. That means your coins are offline and secure. 

But your crypto assets at Zebpay are held in a secured pool and not in individual wallets with a private key. Zebpay allows you to transfer your crypto coins to other exchanges or your own individual wallet. 

Zebpay supports six cryptocurrencies storing and trading in several currency pairs.  

Zebpay wallets are secured using HSM (hardware security). Zebpay also has proprietary security protocol Omnitrixx to protect all wallet related transactions.

Zebpay Withdrawal & Deposit Limit

Zebpay deposits money (rupees) instantly. But is slow in processing withdrawal requests. The withdrawals happen in 1-3 business days from the time you submit the money withdrawal request.

Zebpay Withdrawal Limit

Zebpay offers two types of withdrawal transaction limits, namely whitelisted and non-whitelisted. If you carry high-volume transactions on a daily basis then you can whitelist the crypto that you are using. 

Whitelisting gives higher transaction limits on a more secure line. Details of whitelisted withdrawal limits are under

Zebpay Deposit Limit

Cryptocurrency You Can Buy Through Zebpay 

Zebpay supports 60+ crypto trading pairs. The company is currently revamping its exchange and platform to regain the lost momentum post removal of the RBI ban.

Presently, Zebpay only supports frontline cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, BAT, MATIC, SOL and USDT.

The trading pairs are limited to around 60 pairs mostly against INR. We hope that the scene will change soon. 

Zebpay Complete Guide

How to Open Zebpay Account

Step 1 – Visit Zebpay account opening page

Step 2 – Register by providing your name, mobile number and email address

Step 3 – Verify mobile number using OTP and PIN 

Step 4 – Verify email address by clicking the link

How to Add Money in Zebpay

You can add money (INR) in Zebpay using Mobikwik UPI. You need to click on the deposit tab and select Mobikwik to proceed further.

The other money deposit method is using net banking for IMPS, NEFT & RTGS.

Next, you need to add the amount that you wish to deposit and press the tab “Proceed to Deposit”. 

After that, you have two payment options to choose from as per your convenience – UPI or UPI QR.

#1. Deposit through UPI

For making a money deposit through UPI, you need to add your UPI handle. You will receive a payment request on your UPI app.

Once you approve the transaction on your UPI app the money would be credited to your Zebpay account.

#2. Deposit through UPI QR

Scan the QR code displayed on the screen with your UPI app to deposit money. After confirmation, the money will get credited to your Zebpay account.

How to Receive & Buy Bitcoin in Zebpay

To receive a Bitcoin

On the app, you first need to select the cryptocurrency that you want to receive. You need to select the Bitcoin symbol to receive Bitcoins. 

Click on the receive option and tap the (+) button on the bottom right-hand side to create a receiving address. You can label the receiving address. For sending the link you can scan the code or copy it and share it via email or message.

To buy Bitcoin 

To buy Bitcoin you can log in to the Zebpay exchange and on the left-hand side, you have the order entry form. 

Click on BTC-INR to buy Bitcoin and fill in the amount and the limit price.

For example, if you want to buy Bitcoins for Rs. 5000 then you need to fill the amount as Rs. 5000. 

The limit price is the price at which you want to buy bitcoins. Bitcoins are presently traded at Rs. 6,80,000 on the Zebpay exchange. You can place a limit order at Rs. 6,75,000 per Bitcoin.

For Rs. 5000 you will get approximately 0.00740741 BTC. Click on “Place buy order” and confirm the trade.

Once the order is traded, then you will receive the bitcoins in your account.

How to Send Bitcoins From Zebpay

To send the Bitcoin from Zebpay you need to have the receiver’s Bitcoin address. Make sure that it is a Bitcoin address only because Ethereum, Bitcoin, or any other coin will not accept Bitcoin on their address.

Once Bitcoins are lost then recovering them is very hard unless you have the seed words. 

For sending Bitcoins from Zebpay, select the Bitcoin address from the address list and enter the quantity of Bitcoin that you want to send.

Click on the send option to initiate the transaction and enter the PIN to confirm the transaction.

How to Convert BTC to INR Zebpay

For converting BTC (Bitcoins) into INR you need to sell Bitcoins on the Zebpay exchange and receive the sale proceeds in INR in your Zebpay account. 

For selling Bitcoins you need to select BTC-INR and sell option. Enter the amount of Bitcoins that you want to sell and the BTC limit price at which you want to sell.

For example, you need to sell approximately 0.01481481 Bitcoins then you will get around Rs. 10,000 as sale proceeds.

You can transfer this amount into your linked bank account and use them. 

How to Transfer Bitcoin From Zebpay to Koinex

The transfer of Bitcoins from Zebpay to Koinex is possible only when you have the Bitcoin address from Koinex. The Bitcoin address can be from your Koinex account or somebody else to whom you are sending the Bitcoins.

To get a Koinex Bitcoin address, you need to tap the deposit option of Bitcoin. Then you will get a pop-up with the address details in the form of QR code and in text form also.

Send this code to your Zebpay. The Bitcoin address list will get added to Zebpay. 

To send Bitcoin from  Zebpay, click on the send option and select the Koinex Bitcoin address and tap to proceed for the transfer. Enter your PIN numbers and confirm the transfer. 

How to Buy Ripple in Zebpay

Select the Ripple crypto coin from the drop-down list and select Ripple.

Enter the buy order form by indicating the amount and the limit price at which you want to buy Ripple. Ripple is presently traded at Rs. 16.70.

For example, you can set the limit price at Rs. 16.70 to buy Rs. 2000 worth of Ripple. You will get approximately 119.760479 Ripples for Rs. 2000. 

How to Withdraw Bitcoin From Zebpay

To withdraw Bitcoins from Zebpay, you need the Bitcoin address to whom you want to give. Bitcoins do not have physical existence like paper rupee (fiat) that you can hold, touch and feel. 

Select the bitcoin address from the address list and enter the quantity of Bitcoin that you want to send (withdraw).

Click on the send option to initiate the transaction and enter the PIN to confirm the transaction.

How to Withdraw Money From Zebpay

Zebpay allows money withdrawal anytime only to the linked bank account that is registered with Zebpay.

The withdrawal is subject to minimum and maximum limits, the information of which will be displayed on the bank page while withdrawing.

You need to select the “withdraw” icon on the dashboard and click the right arrow. Next, you need to fill the amount of money that you want to withdraw and click “Proceed to Withdraw”.

There will be a pop-up page with bank details to verify, check the details and enter the PIN to confirm the transaction.

The money will get credited into your bank account in 1-3 business days.   

Zebpay Pros 

• 0.15% maximum maker fees
• Intraday trading in cryptos at 0.10% fees
• Simple Zebpay app & wallet facility
• Lightning-fast payments

 Zebpay Cons 

• Membership fees of 0.0001 BTC for inactive accounts
• Supports only 14 cryptocurrencies 
• Trading pairs are limited to around 60 pairs 

Conclusion

Zebpay is totally safe and legal to deposit & withdraw Rupees and do bitcoin trading.

Zebpay has been in the crypto exchange business since 2014 but had to close Indian operations following the ban imposed by the RBI. Now, Zebpay has revamped its operations post that. 

Zebpay offers intraday trade in crypto coins at a lower 0.10% fee and simple to use app and trading platforms for you to get started.   

If you want to look for an alternative, I would suggest reading the comparison between WazirX vs CoinDCX. WazirX is the biggest crypto platform in India whereas CoinDCX is becoming more popular.

About Pardeep Goyal

I talk about saving & investing money. You would love my articles related to Credit Cards, Travel, Shopping, Tax Saving. I share transparently how I am making passive income from multiple sources online.