ZebPay, a global crypto exchange founded in India in 2014, now serves over 5 million traders. Facilitating over $10 billion in transactions, it offers to trade in BTC, LTC, ETH, and many other altcoins, as well as some fiat currencies.
TU experts have revealed the ZebPay review, in the review its low trading fees and absence of deposit and withdrawal fees are commended. However, it does not support margin trading or USD transactions.
Pros and cons of ZebPay
Traders Union evaluates the advantages and drawbacks of ZebPay, a key player in the global cryptocurrency exchange space.
Pros:
- Broad service reach – ZebPay operates in 162 countries.
- Attractive fees – low commissions for intraday and cryptocurrency pair trades.
- Zero deposit fees – no charges on deposits of any fiat or digital currency, and no withdrawal fees for EUR, AUD, or INR.
- Enhanced security – crypto assets stored in cold wallets with multi-tier authentication.
- Easy access – low minimum deposit requirement of just €5.
- Versatility – trading options available via both web platforms and mobile applications.
- Customer incentives – frequent contests, promotional codes, bonuses, and referral rewards.
Cons:
- Limited fiat and crypto options – Outside India, only six cryptocurrencies are available, and USD is not accepted.
- No leverage trading – ZebPay does not allow leveraged trading.
- Lack of passive income opportunities – The platform doesn’t offer any investment solutions for generating passive income.
Expert review of ZebPay
TU experts provide a comprehensive summary of ZebPay’s journey and current offerings.
- Founded in 2014 in India, ZebPay launched its mobile application in 2015.
- The company marked its presence in Australia in 2019 and Singapore in 2020.
- After a rebranding in 2020, ZebPay relaunched in India and now operates in 162 countries.
- The list of fiat currencies is limited, only including Euro, Rupee, and Australian Dollar.
- The selection of tradable cryptocurrencies varies by jurisdiction: 20 for Indian traders and 6 (including Bitcoin) for those outside India.
- Trading can be performed via mobile applications or a web platform, with the only market and stop-limit order types available.
- Open buy/sell orders are automatically closed after 61 days.
- Approximately 98% of cryptocurrencies on ZebPay are stored in cold wallets with multi-signature and multi-geo authentication.
Analysis of the main features of this crypto exchange
TU analysts have assessed ZebPay across various performance metrics, presenting the results as follows:
- Overall score: 3.43/10
- Execution of orders: 3.22/10
- Investment instruments: 3.64/10
- Withdrawal speed: 3.28/10
- Customer support: 3.58/10
- Variety of instruments: 3.06/10
- Trading platform: 3.8/10
Comparison of ZebPay with other Brokers
Traders Union conducts a detailed review of ZebPay, contrasting its features and services with those of other top-tier brokerage companies in the market.
- Bybit: Unlike ZebPay’s limited leveraged trading options, Bybit supports up to 100x leverage. Bybit, however, caters more to experienced traders with complex trading tools.
- OKEx: OKEx offers a wider range of cryptocurrencies and futures contracts compared to ZebPay. It also provides leverage trading, which is absent on ZebPay.
- Binance: Binance boasts a broader spectrum of cryptos, advanced trading features, and an extensive educational platform, overshadowing ZebPay’s simpler, less diverse offerings.
- Huobi Global: Huobi Global provides a more diverse range of cryptocurrencies and derivatives than ZebPay, along with a user-friendly interface and better educational resources.
- KuCoin: KuCoin supports a larger number of cryptocurrencies and offers additional services like staking, which are not available on ZebPay. However, it doesn’t support fiat currencies like ZebPay.
It is to be noted that Warizx is another platform worth noting in this comparison. While ZebPay focuses on a user-friendly experience with limited options, Warizx offers a more advanced trading ecosystem, supporting a wide array of cryptocurrencies, high liquidity, and advanced trading tools.
Conclusion
While ZebPay offers a user-friendly platform with a limited but accessible range of services, other exchanges present a broader spectrum of cryptocurrencies and more advanced trading tools. Each platform has its unique strengths, and the choice depends on individual trading needs and experience. For more detailed comparisons and reviews, we recommend visiting the Traders Union website.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
