Zebpay Review
The cryptocurrency market has continued to blossom seeing considerable growth over the past weeks and this progression has further proven a lot of critics wrong who implied that the cryptocurrency market is nothing but a faux. It is now apparent that the cryptocurrency market and Bitcoin are here to stay.
Today, cryptocurrencies are now reshaping the business world, greatly impacting how we go about businesses and pay for various services and transactions. Asides from being a medium of exchange, many investors now purchase and hold various cryptocurrencies as a store of value while others exchange them in the cryptocurrency market to gain considerable profits.
As a result of this, lots of traders and investors now believe that the greatest opportunities in the financial market lie within the cryptocurrency market. This belief has then fostered better adoption and acceptability of various digital coins in the cryptocurrency market. And most people who have been watching from afar, are now ready to get involved in the cryptocurrency market to make their own gains from it.
For intending investors and traders, the first and fundamental step they must take is to sign up or register with a crypto exchange platform. An exchange platform is a digital marketplace where traders and investors meet up to buy and sell various digital assets for profits. Apart from that, they provide the necessary support and information for traders and investors to make use of so they can achieve success in the cryptocurrency market.
Without an exchange platform, investors can’t have access to the cryptocurrency market which is why it is mandatory for every investor to sign up or register with a crypto exchange platform. Most intending traders and investors would be surprised to learn that choosing a decent exchange platform in the cryptocurrency market today, is as difficult as it gets.
This is because the crypto market is now filled with numerous exchange platforms claiming to be able to cater to all investors’ needs irrespective of their trading experience and most times these claims always prove to be false. For this reason, investors need to be extra careful when choosing an exchange platform so as not to fall for scam exchanges that are always seeking to prey on unsuspecting investors.
How Do Investors Then Go About Choosing An Exchange Platform?
The truth is every investor must carry out their homework and learn about the primary features of various exchange platforms so they can be able to make a conscious decision and then choose an exchange platform that best suits their trading needs.
However, we know researching on various exchange platforms can become frustrating and daunting and that is why we are here to help you in carrying out these researches so you can focus on learning about other aspects of the crypto market. A good example of some of the incredible exchange platforms we have in the market today is the Zebpay exchange platform.
This is the Zebpay review and we will be talking about its primary features, operations, services, and benefits it offers that make it quite exceptional.
| Exchange Platform | Zebpay |
| Website | https://zebpay.com |
| Payment method | Cryptocurrency |
| Trading platform | Web-based platform and mobile app |
| Trading assets | Bitcoin, Ripple, Ether, EOS, Bitcoin Cash, and Litecoin |
| Security | Cold wallets, Omnitrixx, Bug bounty, and KYC |
| Commission | 0.4% |
The Zebpay cryptocurrency exchange platform is a fiat to crypto exchange that offers investors straightforward and simple access to buy and sell various cryptocurrencies via their mobile trading app and desktop. The exchange platform was founded in 2014 prides itself as one of the early Indian firms to create a disrupting crypto exchange platform.
Presently, Zebpay has its headquarters established in Singapore and it is one of the popular and fastest-growing exchange platforms across the globe. Having recently established a base in Australia, the exchange platform continues to expand rapidly across the continent offering decent and top-quality services to crypto-focused investors and traders all over the world.
The Zebpay exchange platform is now considered one of the giant exchanges in the crypto market most especially in India. The exchange platform is equipped with amazing designs having a smooth user interface, adequate security measures, fee structures that enable investors to trade for free and battle-tested safety. This is why Zebpay has recorded over 3 million users and a total of $2 billion in fiat transactions since its establishment.
With Zebpay having offices in strategic locations across various continents, it continues to grow and offer exceptional trading features with its specialized Bitcoin teams and blockchain technology.
Registering With Zebpay
Signing up with the Zebpay exchange platform is a simple and straightforward process. To register, intending investors must first visit the exchange’s website then select the “Sign up” button. This will then take you to the next page; the account registration page.
All necessary information such as country code, name, address, mobile number, and 4-digit PIN must be filled and submitted. After submission, an SMS notification code will be sent to you so you can verify your mobile number on the website. Enter the code to move to the next page.
The next page involves the verification of your Zebpay trading account. Clients will be required to submit some personnel documents such as proof of identity and proof of address to ascertain their identity in compliance with local laws and regulations.
- Proof of Identity: The proof of identity to be submitted can be either a driver’s license or a passport that exhibits your address, photo, and birth date.
- Proof of Address: The proof of address can either be a power bill or a water bill that indicates your present address. The whole verification process is very short, taking roughly 5 minutes to process and just some hours to get approved by Zebpay.
Let’s have a look at some of its primary features.
Security Measures
It’s no longer new how dangerous the online world and online trading have become. We hear news of new scams and fraudulent activities ripping investors of their hard-earned investments every day and that is why investors are now very vigilant and careful, not willing to make any compromise on security.
With the kind of risk present in the cryptocurrency market, Zebpay considers the security of investments to be of utmost importance. As a result, the exchange platform has adopted various measures of security, so investors can carry out various trading activities without having to worry about their safety.
The Zebpay infrastructure is well protected behind solid firewalls, restricting third parties’ access to infrastructure, and neither can service providers construct any process of product development. Furthermore, employees are thoroughly verified, with Zebpay running various background checks before giving out any role.
To ensure that the security of investments is 99% guaranteed Zebpay makes use of Cold wallets and Omnitrixx. The exchange platform also makes use of Bug bounty to test its security system.
- Cold Wallets
The Zebpay exchange platform stores about 98% of clients’ digital assets in cold wallets that are approved using HSM on air-gapped machines located in various countries and cities.
- Omnitrixx
ZebPay makes use of platform Omnitrixx and proprietary security protocol which facilitates a multi-chain system of security of top quality that protects and secures all transactions between hot and cold storage wallets.
- Bug Bounty
To ensure that all security system put in place works perfectly fine, Zebpay employs and reward security researchers to run various tests on its security system. The exchange platform provides a bug bounty program so security researchers can find issues that may put its clients at risk
The Zebpay exchange platform guarantees that its security system cannot be accessed or breached by a single person from a single location. Asides from storage on cold walkers, all transactions requiring the use of hot wallets on the ZebPay exchanged platform are approved using systems located on various cloud platforms.
Referral Program
The Zebpay exchange platform runs a referral program for its clients so that they can earn extra while trading and most importantly it gives Zebpay the avenue to reach more clients and further grow its base community.
Upon registration with the exchange platform, each client is given a personalized referral code to invite families and friends into the Zebpay community. The reward given to clients who invite an individual to join the zebpay exchange platform depends on the referral’s location.
For clients who reside in India, when a friend registers using their referral link and code, they will earn 50% of the trading fees paid by the referred provided that he/she completes the KYC verification. Therefore you gain more earnings the more your friend trades. Also, there are no limits to the number of friends one can invite, therefore investors can invite as many people as they can. This referral program has been effective since August 2020 and will end in August 2021.
For clients who reside in Australia, when a friend registers using their referral link and code and then makes a purchase of crypto worth about $100 on the exchange platform, a reward of $15 is earned by both the client and the referred. This referral program has been effective since January 2022 and will end in March 2021.
Trading Platform
The trading platform is one of the most vital and crucial features offered by an exchange platform. Vital in the sense that it controls and oversees most of the trading activities carried out by an investor on an exchange platform.
A good trading platform will ensure a great trading experience, and allow investors to manage their trades properly. A decent trading platform is then expected to have a user-friendly interface, simple and easy to navigate, and integrated with the necessary trading tools.
The Zebpay exchange platform offers a decent trading platform to its clients however not without some flaws. The trading platform offers a clean and simple user-interface. The trading platform is designed to curtail disarray and give a smooth trading experience that satisfies both beginner and expert traders.
At first login, clients get introduced to the dashboard that shows current balance and crypto holdings. From the dashboard, clients can then withdraw and deposit funds from their Zebpay trading account. The digital coins are either paired against BTC or AUD which are listed on the left side of the trading platform
One major drawback to the Zebpay trading platform is that it does not have a live price chart display. Therefore investors that depend on live price charts to time and buy digital coins at specific positions will need to utilize a crypto charting site alongside Zebpay. A very good charting site we would recommend is TradingView as it is equipped with the necessary tools to analyze the crypto market.
Commissions And Fees
Exchange platforms charging investors various fees and commissions in the cryptocurrency market is a natural thing. However, what isn’t natural is extremely high charges which is a gimmick used by scam exchanges to exploit investors of their hard-earned money. For this reason, investors look to register with exchange platforms whose fees and commissions are pretty low or at least in line with the industry’s global average.
One of the many things that get investors and traders excited about an exchange platform is low fees and commissions. No investor is willing to pay more than necessary to participate in the cryptocurrency market and this is why the Zebpay exchange platform is a top choice for investors.
The Zebpay exchange fees and commissions offer quite the competition in the industry as the exchange platform charges a very little percentage on its trading fees.
- Trading Fees
Every exchange in the cryptocurrency market charges a trading fee on every trade executed. The trading fee charged by Zebpay, however, differs based on location.
For investors who reside in India, the Zebpay exchange platform charges no trading fee (0.00%) hence the execution of trades is free. Furthermore, the free trading is not subjected to any limitations such as minimum balance requirement and number of trades clients can make per day.
However, for clients in Australia, Zebpay charges 0.4% at a flat rate on all crypto assets. In comparison with other exchanges in Australia, a trading fee of 0.4% is highly competitive and one of the smallest fees within the country.
- Withdrawal Fees
The withdrawal fee charged by Zebpay is also location-dependent just like the trading fee. For clients who reside in India, a withdrawal fee of 0.00049BTC is charged on every BTC withdrawal made by clients. This withdrawal fee is also very competitive as it is way below the Industry’s average of 0.0006BTC.
For clients residing in Australia, no withdrawal fee is charged on crypto or Dollar withdrawal. However, all network fees regarding withdrawals are expected to be paid by the investor.
Withdrawals And Deposits
Withdrawals and deposits are fundamental aspects of trading both to the exchange platform and the investor itself. Because of this, exchange platforms are expected to make available a simple and straightforward process to withdraw and deposit funds into trading accounts.
Generally, lots of exchange platforms offer two or more payment method options so their clients can choose one that is convenient and best suits their circumstances at that period. The Zebpay exchange platform follows this model and offers two various payment method options for both deposits and withdrawals. This includes Bank Transfer (EFT), and POLi Deposits which are available to investors 24/7 so that they can rapidly and easily find their Zebpay account.
- Bank Transfer (EFT)
The Zebpay exchange platform enables its clients to make deposits using Electronic Funds Transfer (Bank Transfer). Clients who prefer to make use of this payment method must submit their bank account details and must be approved before they can start using bank transfer.
It takes about 1-2 business days to process an approved deposit via bank transfers on the Zebpage exchange platform. Once the fund reflects in the trading account, a notification email will be sent to inform the investor.
- POLi Deposits
Investors and traders can also make use of POLi to deposit funds into their trading accounts. POLi deposits have a daily deposit limit of $2,000 but can however be increased in the long run depending on trading activity.
With POLi deposit, funds deposited are processed immediately while reflecting on clients’ accounts instantaneously. However, the first deposit made using the POLi deposit may take roughly 24 hours to process. Once the fund is credited to the trading account, a notification email will be sent to inform the investor.
Customer Support
Customer support is another important feature to look out for when choosing an exchange platform because you need all the assistance you can get in the course of your trading journey.
The Zebpay exchange platform offers the necessary support and a vast community its clients can bank on whenever the need arises and they are guaranteed to get rapid and adequate answers to their requests and complaints.
The first line of support offered by Zebpay is the FAQ section. The FAQ section gives answers to all the commonly asked questions to reduce the burden on customer representatives. In case clients don’t get a satisfactory answer on the FAQ section they can then get in touch with a customer representative via email and phone call.
Final Thoughts
The Zebpay exchange platform provides excellent services to its clients across the globe. Its simplicity in carrying out various trading operations, competitive fee structure, and great trading experience offers its client makes it one of the incredible crypto exchanges in the industry.
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