Pros and Cons of Zebpay that you should know before buying bitcoins

Zebpay is a leading Bitcoin wallet provider in India. Zebpay is India’s first company to launch the simplest mobile Bitcoin wallet app that enables bitcoin transactions using a mobile number without any complexities to understand bitcoin addresses, taking backups or fear of losing bitcoins.Using Zebpay wallet app, users can buy, sell, store and spend bitcoin using a mobile number and 4-digit pin.  

Pros and Cons of Zebpay that you should know before buying bitcoins

Now, let’s directly jump to Pros & Cons of Zebay so that you can make the right decision while purchasing bitcoins from Zebpay. 

Pros of Zebpay

  • The customer base of Zebpay in recent times has increased significantly as compared to other bitcoin wallet providers. To know more about other bitcoin wallet providers, refer our blog -
  • Zebpay quickly reflects the deposited balance in your bitcoin wallet, when transferred by IMPS.
  • Zebpay is as simple as using instant messaging apps.
  • With Zebpay, you can experience faster credibility of funds in your bank account within 2 hours after selling of Bitcoins. 
  • Zebpay wallets are highly secured with mutlisig wallets.
  • The process of depositing/withdrawing funds from Zebpay’s wallet is extremely easy.

Cons of Zebpay

  • The difference between Buying and Selling Price of Bitcoin is huge as compared to other bitcoin wallets. You can check here -
  • To buy / sell bitcoins you need to have a Zebpay’s mobile app. You cannot do so through Zebpay’s website.
  • You need to set a 4 digit PIN to secure your wallet. But if in case you enter wrong PIN for more than 3 times then you'll be blocked for next 36 hours and you will not be able to access Zebpay in any way.
  • Zebpay only offers one Cryptocurrency - Bitcoin. You cannot sell/buy other cryptocurrencies such as Ethereum, LiteCoin and many others. For more information on cryptocurrency, refer our blog - What is Cryptocurrency? The ultimate guide for beginners
  • If you select Payment Gateway as payment mode in Zebpay then additionally you need to pay 1.46% fees.
  • Our StalkOwl Crypto tracker helped to conclude that Zebay generally has high selling price for Bitcoin. So to trade/invest smartly, learn how to track and set price alert for cryptocurrency here before you make any purchases.
  • Zebpay charges 0.20% fess + 18% GST when you buy bitcoins.
  • While withdrawing money to our bank account, Zebpay charges Rs.10.

So, take your decision wisely. I also recommend to refer this blog on Zebpay - Step by Step explanation on How to buy/sell bitcoins in India from Zebpay?

Have I missed any point? Share with us in comments.

Disclaimer: The information shared here is reflection of personal experience. Trading in bitcoins and cryptocurrencies is subject to market, technical and legal risks. Prices in India vary from international prices due to local demand and supply. Zebpay does not guarantee any returns. Users use Zebpay at their own risk.
Pros and Cons of Zebpay that you should know before buying bitcoins Pros and Cons of Zebpay that you should know before buying bitcoins Reviewed by StalkOwl on December 23, 2017 Rating: 5

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