Zebpay wallet review

Zebpay
Intuitive Ease of use,  High Privacy,  Wallet platform Private Keys Stored

Zebpay is a mobile wallet mainly Bitcoin users from India. Zebpay is easy to use with a connected Indian bank account, has a built-in exchange service with decent Bitcoin exchange rates. This wallet platform is an off-Blockchain wallet, meaning transactions are fast with instant confirmation by servers.

Zebpay offers users the possibility to buy, sell and pay with Bitcoin and Bitcoin Cash through online banking, credit and debit cards. Additional services include purchase of mobile airtime, mobile recharge, payment of broadband and landline bills. Unfortunately, Zebpay has transaction limits, fees are not displayed publicly and the buy and sell charges are high compared to other Indian exchanges.

Company / organization behind the wallets

The Zebpay wallet platform was created by Zebpay, an Indian Blockchain startup. The company was started in 2012 as the first Bitcoin exchange in India by three founders: Saurabh Agrawal, Mahin Gupta and Sandeep Goenka. Zebpay aims to make Bitcoin technology more accessible in India.

Crypto Currencies Support

Traditional Currency Support

  • Indian Rupee (INR)

Language Support

  • English

Supported Systems

  • Android
  • iOS

Zebpay offers two-factor authentication, 100% insurance of Bitcoins and a 4-digit PIN for users to verify transactions. On the downside, Zebpay is not open source, doesn't support HD key generation and has no multi-signature feature. Users aren't in control of their private keys, and as suggested by Zebpay users should not handle large amounts of Bitcoin with this wallet.

Summary:

Security
Low
2 Factor Authentication
Yes
Multi-Signature
No
Private Keys Stored On
Wallet platform
Storage Type
Hot storage
Transactions Validation
Centralized validation
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

If user loses mobile phone, the hacker/thief needs the user 4 digit PIN. Three wrong attempts lock the Zebpay app. No money is lost..

The Zebpay wallet platform essentially turns users phone number into their Bitcoin wallet address. The interface is easy to use offering a positive user experience. App layout and design is simple and effective, the account set-up is easy, Zebpay provides a good customer support in India. Recommended for beginners and best for trading Bitcoins and storing small amounts of Cryptocurrency.

Summary:

Zebpay is an important web wallet provider in India with mobile applications running on iOS and Android. The wallet platform offers a user-friendly interface and built-in exchange feature for users to easily trade and store Bitcoins using an Indian bank account. Zebpay is convenient and safe enough for a few Bitcoins for everyday use on your mobile, but not for storing large amounts of coins.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Involved
Transaction fees
Set transaction fees
Setup fee
$0.00

Functionality:

  • Buy coins using bank account
  • Buy coins using credit card
  • Withdrawal funds to bank account
  • Withdrawal funds to credit card
  • Issue a debit card

Zebpay offers users the possibility to buy, sell and pay with Bitcoin and Bitcoin Cash through online banking, credit and debit cards. Additional services include purchase of mobile airtime, mobile recharge, payment of broadband and landline bills. Unfortunately, Zebpay has transaction limits, fees are not displayed publicly and the buy and sell charges are high compared to other Indian exchanges.

The wallet platform has built the exchange function in their own software and manages it locally.

Help and
support:

  • FAQ section
  • Phone
  • Ticket

Personal information for activation account:

  • Email Address
  • Phone Number

Most common
customer complaint:

Fees are not transparent and there are high price variations between Bitcoin's buy/sell price.