Zebpay Review: Your Comprehensive Guide for Indian Crypto Users
Discover all you need to know about Zebpay exchange: fees, app usage, depositing INR, security measures, and KYC steps.
Intro
Zebpay, the crypto exchange founded in 2014, is one of the oldest in India. Zebpay claims more than a million users, while its exchange is touted to offer a user-friendly mobile app along with a powerful trading system. If you have searched for “Zebpay review” or wondered if Zebpay is safe, you need to know what Zebpay really is, how much it will cost you, how well it will meet the Indian market demands, and if it’s a suitable platform for you. This review aims at a detailed understanding of Zebpay that’s SEO-optimized, useful and truly helpful for Indian investors.
- About Zebpay: The Indian Crypto Exchange
Founded: 2014, by Sandeep Goenka and Saurabh Agrawal
Headquartered: Singapore, the company operates internationally from a hub in Mumbai India as well
Market Focus: Indian users, retail investors, HNWIs, and institutions
Supported Coins: More than 40 coins, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), USDT and other stable coins, etc.
Regulation: Complies with RBI guidelines (it is not providing banking services to crypto companies); complies with the KYC/AML rules prescribed by Financial Intelligence Unit India.
As a first mover, Zebpay has a significant advantage when it comes to being a household name among users. The exchange enables INR deposits which is an area of high interest among Indians. It has collaborations with several Indian banking institutions, and therefore, the process of converting rupees to crypto and vice versa will be cheap as well as quick.
Zebpay remains one of the longest-running crypto exchanges in India focused on INR trading and regulatory compliance.
- Zebpay Exchange
2.1 Trading System
Zebpay supports high-speed trade order matching that takes less than a second. This is ideal for the active day traders who have a need to make fast trades. The exchange also does not offer trading of the future or leveraged product, as it is in accordance with the guidelines of RBI.
2.2 Order Types
Market Order: It is an order that gets immediately filled at the best available price of the moment.
Limit Order: When you use limit order, you can place it at any price you wish and it will be executed at that price or better only.
Stop-Loss Order: It is a stop-loss order, where an order is set at a particular price and when it touches that price, the order becomes a market order.
2.3 Liquidity and Order Book Depth
Zebpay sources liquidity from different global exchanges. This results in narrow spreads in the major trading pairs like BTC/INR and ETH/INR, thereby offering a good competitive price to investors when compared to other Indian exchanges such as WazirX or CoinDCX.
- Zebpay App: User-Friendly, App-Based Trading
The platform is frequently listed among the most trusted crypto apps in India for beginners and long-term investors.
The Zebpay app is a flagship product of the platform, available on Android and iOS. This is why users in India often rate the platform highly:
User-Friendly Dashboard: Displays real‑time price charts, shows your current portfolio, and features a “Quick Buy” button that lets you instantly swap INR for crypto.
Dark/Light Modes: A fully skinnable interface that also saves your battery life on OLED screens.
Password-Protected Login: Access the platform with fingerprints or Face ID, alongside a 6‑digit PIN for enhanced safety.
In-App KYC: Simply upload your KYC documents and get verified in a few minutes.
Push Notifications: Get real-time alerts regarding order status, price changes, and other security notifications.
There is also an offline mode for those that are based in areas with little or poor internet connectivity (such as rural regions), which lets you view crypto price action using the most recently downloaded data.
- Zebpay Fees: A Breakdown of Zebpay Fees for Indian Traders
Before you start trading on Zebpay, it makes sense to understand what Zebpay fees will look like, to see if they fit your trading strategies. Let’s go over the fees that apply to Indian users:
Trading Fee: 0.20% maker, 0.25% taker (Applied on the amount you trade with, either in INR or in crypto.)
Deposit Fee (INR): Free via NEFT/IMPS/UPI (Nothing. No matter what payment method you use to add rupees to your account, there are no fees involved.)
Withdrawal Fee (INR): Flat fee ₹30 per transaction (up to ₹5,000) (When you want to send rupees back to your bank.)
Crypto Withdrawal Fee: ~0.001 BTC, or equivalent to the coin you withdraw (varies by network) (This is just a network fee. No other Zebpay fees apply to it.)
Inactive Account Fee: ₹200 per month after 12 months (This fee applies if you haven’t logged in or made a trade within 365 days of signing up.)
So let’s say that you want to purchase ₹10,000 worth of Bitcoin. Here’s how the transaction costs stack up:
Deposit INR: ₹0
Trading Fee (maker): 0.20% x ₹10,000 = ₹20
Bitcoin withdrawal transaction fee: ~0.0005 BTC (≈ ₹150)
Total fees = ₹170 (doesn’t include price spread).
The fee structure for Zebpay is made very easy to understand, for the sake of novice Indian investors who may have been burned by other platforms before.
- How to Add Funds to Zebpay: Zebpay INR Deposit
Zebpay offers several options for Indian investors looking to deposit INR:
UPI (Unified Payments Interface): Instant, no-fee transfers from your own bank, to Zebpay. You just need to have a UPI ID.
IMPS/NEFT: Bank to Bank transfers (via UPI, mobile app, Net Banking etc). IMPS transfers are completed quickly (within 30 minutes), while NEFT takes a couple of hours.
Bank Transfer (via Virtual Account): Zebpay will issue you a unique virtual account number, which you will then be able to use via mobile app or other payment apps. Money will then be deposited into your Zebpay account.
Zebpay Deposit Guide
Login to your Zebpay account from the mobile app, navigate to the Wallet and click on Deposit.
Tap on INR Deposit, then choose the preferred mode from your list, be that UPI, IMPS or NEFT.
Type in the amount (lowest you can deposit is ₹100). Tap Confirm.
Pay from your banking application or online portal.
In a matter of seconds (when UPI), or within two hours (for NEP/IMPS), the money will land in your Zebpay wallet.
Note for Indian traders: It is best to always cross-check the virtual account number and the name of the beneficiary. It may take up to 24 hours for your deposit to go through if you have made a mistake.
After completing your INR deposit, you can quickly buy crypto in India using Zebpay’s simple mobile interface.
- Is Zebpay Safe?: Compliance and Security
The most searched query in search engines: “Is Zebpay safe?” This is a platform that implements a variety of protective layers.
Cold storage: Over 95% of assets are kept offline in separate physical locations, which reduces exposure to theft and hacks.
Two-factor authentication: Required to log in to new devices, and to withdraw funds.
Biometrics: To be able to access the mobile app on your phone you must verify using fingerprint or Face ID.
Secure socket layer encryption: All data in transit is encrypted with full HTTPS encryption.
Regulatory compliance: Zebpay adheres to KYC and AML laws in India, has established an audit trail, and will report suspicious activity to the FIU-IND when needed.
Long-term holders may also combine exchanges with secure crypto wallets in India for additional asset protection.
Audits and Insurance
In common with many similar companies, crypto holdings on Zebpay are not insured. However, the company undergoes quarterly security audits by external parties. Zebpay will not release the results of these due to regulatory reasons, however, it will share them with the RBI if they ask to see them.
Summary: For Indian customers, Zebpay’s platform meets the minimum compliance criteria for companies in the financial space, it goes beyond it even. The mixture of cold storage, 2FA, and regulatory compliance means you will be using a safe and secure platform no matter if you are a beginner or an experienced trader.
- Zebpay KYC: Quick Verification Process for Indians
KYC is required for anyone using a crypto platform in India. Zebpay provides a fully digital, safe, and quick KYC verification process.
Documents needed
PAN card: A clear image of the front side. You can also enter the number if you wish.
Aadhaar card: Images of front and back sides (hide any confidential details). You can also authenticate the card using an OTP sent to you.
Bank statement (last 3 months): A PDF or snapshot containing your name and address which is consistent with the address in the details provided for PAN/Aadhaar
ID selfie: You hold the PAN/Aadhaar and take a photo to confirm authenticity.
Time required to get verified
Real-time verification: If everything can be cross-referenced with the details in the UIDAI or the PAN database, you can expect the account to be verified within 2 minutes.
Manual approval: In case of discrepancies in the information you provided, an approval officer needs to check the documents themselves. This can take between 30 minutes to two hours.
Benefits of completing KYC on Zebpay
Higher Deposit Limits: Up to ₹5 Lakhs per day after full KYC.
Full Access to Pairs: Certain coins can only be purchased once you complete your KYC.
Improved Security: A mandatory KYC check helps Zebpay detect and delete malicious accounts that might be used for illegal activities or money laundering.
Zebpay Pros & Cons
Zebpay Pros
No deposit fee: Deposits via UPI are completely free. This is excellent for users who deposit in small amounts repeatedly.
Quick deposit time: Deposit money instantly and use it to trade almost instantly.
Great mobile app: The app is clean, easy to use, has biometric authentication, and allows you to complete KYC inside the app.
Robust security: 95% of funds are stored cold, two-step authentication available, audits performed.
Transparent fees: Clear fee structure that doesn’t have hidden or surprise fees on either trading or deposits.
Zebpay Cons
No derivatives trading: Zebpay offers no derivatives trading for India. Only spot trades are available, no futures, options, or leveraged products.
Crypto withdrawal fees: You have to pay network fee for each withdrawal. This is sometimes expensive.
Customer response times: Response times can get quite slow during periods of high volume (e.g., market crash).
Beginners comparing beginner-friendly platforms may also benefit from reading this CoinSwitch Kuber review.
Zebpay vs Competitors: The Big Picture
Zebpay: INR Deposit (UPI) Free, instant; Trading Fee 0.20% / 0.25%; Crypto Withdrawal Fee Network fee; List of Coins 40+; Storage 95% cold storage, 2FA; KYC Completion Time 2 to 30 minutes
WazirX: INR Deposit (UPI) Free, instant; Trading Fee 0.20% / 0.20%; Crypto Withdrawal Fee Network fee + 0.2%; List of Coins 200+; Storage 85% cold storage, 2FA; KYC Completion Time 5 to 60 minutes
Some users also compare Zebpay with WazirX India because of its larger coin selection and P2P marketplace.
CoinDCX: INR Deposit (UPI) Free, instant; Trading Fee 0.20% / 0.30%; Crypto Withdrawal Fee Network fee; List of Coins 300+; Storage 90% cold storage, 2FA; KYC Completion Time 5 to 45 minutes
Traders comparing liquidity and fees may also want to explore CoinDCX India before opening an account.
What makes Zebpay interesting is its focus on simplicity and security. It’s more about the quality of service than just having hundreds of coins.
Final Thoughts
Zebpay is a great choice for anyone who wants a simple, safe, and transparent way to trade crypto in India. It has everything a beginner or experienced trader needs: easy INR deposits, a fee structure you can understand, top-notch security, and a quick KYC process. The only limitation is that it’s spot-only. If you’re looking for derivatives or margin trading, this is not for you. However, for standard trading needs, the platform delivers.
Advanced traders looking for futures and leveraged products may also research Binance India.
So, is Zebpay safe? Yes, absolutely. Definitely, provided you aren’t looking for advanced trading features.
Ready to begin? Download the Zebpay app, complete your KYC, and start depositing funds via UPI to buy and trade crypto immediately.