reviewURL: www.zebpay.com

Zebpay is India's first bitcoin company to launch simplest mobile Bitcoin wallet app that enables bitcoin transactions using mobile number without any complexities to understand bitcoin addresses, taking backups or fear of losing bitcoins

It was launched in 2012 (under a different name) in India, amidst controversies around crypto-exchanges and people dealing in cryptocurrencies. Recently, a statement by Finance Minister of India put the entire cryptocurrency market in a turmoil, with the prices of Bitcoin plunging below $10,000. With that high population affecting the prices of Bitcoin and other cryptocurrencies that seriously, Indian users and investors do possess a great hold at the volume and rotation of money.

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Mobile app Score
iOS: 7.6
Android: 7.6
Score - 6.9Score6.9
Score Android - 7.6Score Android7.6
Score iPhone - 7.6Score iPhone7.6
Location - IndiaLocationIndia
Currencies - Currencies
Languages - ENLanguagesEN
Buy with - BTCBuy withBTC
Fees - Maker 0.2% - Taker 0.25%FeesMaker 0.2% - Taker 0.25%
Altcoins - YesAltcoinsYes
Margin trading - NoMargin tradingNo (Exchange does not support margin trading)
Trust score - BTrust scoreB
Beginner friendly - YesBeginner friendlyYes (Exchange is simple for beginners)
Stability - 3. MuchStability3. Much (Exchange is stable, but it has a downtime in the high stakes)
Fiat - NoFiatNo (The Exchange does not support Fiat currency like USD, EUR, etc ...)
Support speed
API - NoAPINo (The Exchange does not have an API)
Rest API - NoRest APINo (The Exchange does not have an API)
Websocket - NoWebsocketNo (The Exchange does not have Websocket)
Mobile app - YesMobile appYes (Exchange has a mobile app)
Credit card - NoCredit cardNo (Exchange does not support credit cards)
Referral - NoReferralNo (Exchange does not offer an affiliate program)
Two factor authentification - YesTwo factor authentificationYes (The Exchange supports two factor authentication)
Withdrawal limit
Verification time
Lending - NoLendingNo (Exchange does not support lending)
Stop limit - NoStop limitNo (Exchange does not support stop limit)
US licence - NoUS licenceNo (Exchange don't have US licence for Money transmitter)
PGP support - NoPGP supportNo (Exchange does not have PGP encryption)

Zebpay was initially named 'buysellbitco.in', and Mahin Gupta was its first founder. And it was later changed into Zebpay in 2014, also adding two more partners - Saurabh Aggarwal and Sandeep Goenka. Zebpay became one of the very first exchanges, providing access to people of India to buy or sell Bitcoins.

Initially it started only with Bitcoins, while now it has Ripple, Bitcoin Cash, Ethereum and Litecoin. They are yet to list many cryptocurrencies like Monero, Dash, ZCash etc. as of now, but they do have plans on expanding their crytpo-portfolio. Zebpay has no web-based platform (like a website or an online portal) available for users.

They only have Android and iOS application. Zebpay is also famous for being a wallet. Since its launch, it hasn't been hacked which makes it one of the most secure platforms to buy or sell cryptocurrencies in India.

If we talk about security, Zebpay has been under scanner and government radar since a long time. Very recently Indian government;s Income Tax Department also conducted a raid on their office, which scared the users that the exchange might have to shut their operations, but thankfully nothing happened, and Zebpay resumed its operations like before.

The app's security is tight, as they also allow users to enable 2FA (two factor authentication). They provide a private key to all their users, and the sign-up is easy and quick. In case the user loses his private key or pin-code to access Zebpay, he can recover it quickly. Zebpay users have their unique ID that is synced with their mobile devices, but if you lose your device you can still access your cryptocurrencies and prevent them from being lost forever.

They have listed a hot-line number, if the users call on that number they can immediately block all the outgoing transactions on their account and freeze the crypto-assets.


There are many upsides and advantages of using this Indian cryptocurrency exchange. Some major ones are -

  • Zebpay is one of the most popular platforms in India to exchange cryptocurrencies for fiat money. They accept Indian Rupees (INR), through bank wires and payment gateways. They accept payments through NEFT, RTGS, IMPS and Net-Banking, which are one of the most common ways to transfer money over internet in India.
  • Zebpay as an application is extremely easy to use. It is not only user-friendly in nature, but it is also quick and effective.
  • Registering for a new account on Zebpay takes hardly 5 minutes. You just need to verify your email ID and phone number. Apart from that, Indian users need to submit some identification documents like PAN card, Aadhar Card (local government issued ID). Verification takes 2-3 days typically, and sometimes even more depending upon the traffic on network.


There are many downsides of this India-based Bitcoin exchange. Zebpay Review would be incomplete without discussing its shortcomings -

  • There is no web-based portal or website available for Zebpay. It is only available for iOS and Android applications. Lack of website makes them less attractive to potential users.
  • The application is not meant for traders. It has a very simple interface which does not have much charts or information. It isn't meant for seasoned traders, or experts who wish to trade.
  • The margin between buy and sell on Zebpay is usually large. Sometimes as large as thousands of rupees. Which does not allow people to trade at all. In the recent update they have reduced the margin and made it almost equal, though.
  • They do not allow payments from debit cards or credit cards, neither do they allow payments from mobile wallets like PayTM, PayPal etc. The only way to deposit money is through bank deposits.
  • They do not allow any other currency to be deposited. Since it is an Indian exchange, the only currency allowed is INR (Indian Rupees).

Manuals for Zebpay

After verifying your account with Zebpay.com which may take from a few minutes to a couple of days, you are now able to buy BTC from them. To purchase BTC, a deposit of INR must need to be done. Below are ways to get INR into your Zebpay wallet.

  1. Express Transfer (Kotak Bank) – The minimum deposit for an express transfer from your bank account to Zebpay.com is INR 21 and the maximum is INR 1000.
  2. Normal Transfer – For a normal transfer the minimum deposit is 5000 INR and the maximum is INR 2000.
  3. Payment Gateways – For payment gateways, the minimum is INR 2500 and a maximum of INR 50k.

Deposits can be done using Netbanking, Credit/Debit Cards, and online SBI Internet Banking. It may take a few minutes before the balance will reflect under your Zebpay account. To check your account just head on to your wallet balance and click transaction fees. Once your balance is showing, you can now purchase BTC with one button. Please be advised that transaction fees are applied when buying and selling BTC through their App.

Verified users can also transfer funds from one account to the other without any fees, making it easier to have a network of users connected to one another. This would be an easy option for family and friends to send money privately and almost in an instant the balance will reflect on the email provided.

If a user plans to send BTC to a different address the transaction fee is 0.0002 BTC. If a user plans to sell their BTC, just click on sell and the available balance under INR will be automatically updated for their current price of BTC sold.

Verified users are also able to withdraw money from their Zebpay.com account and into their bank accounts. Make sure that your bank account is linked to your Zebpay account before requesting any bank withdrawals to avoid any problems. The fee for bank withdrawal is INR 10 per transaction.

The website earns money from their BTC listing. This means that as a trader, you do not need to worry about leverage, margin fees, and whatnot since all you need to do is deposit INR, press purchase BTC and you’re all good. Or, you can also sell your own BTC for their listed price.

Review of Zebpay

Zebpay is a good portal to buy crypto-assets in India. Despite their down-sides and shortcomings, they are the only ones available with an excellent user experience for users. Many users are still loyal customers of Zebpay solely because of the ease of use and user-friendly interface they get. If they reduce fees and improve on their customer service experience, they will surely become unbeatable at least in India! 

Mobile apps review of Zebpay

To create an account with Zebpay.com, the user needs to have a local phone number from India to create an account. Since the service exists as an Application for smartphones, the user needs to download the Apps from different channels. Users can download the Android version here, and the iOS version here respectively.

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