How to buy bitcoin in india through zebpay

Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them. Related Posts. They also offer tutorials on digital currencies. Settings Logout. After Prime Minister Narendra Modi’s demonetisation move, Ahmedabad-based bitcoin trading start-up Zebpay witnessed a 25 per cent surge in revenue. They can help you buy, sell, store, use and accept bitcoin.

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Living in India, you have several choices when it comes to bitcoin purchase sources. With ZebPay bitcoin exchange reviewyou will have the necessary tools to compare other Indian brokers with ZebPay. If you live in India, ZebPay might bicoin a right solution for you should you wish to trade bitcoins with domestic currency. The exchange operates on mobile platform only and is considered to be one of the most secure bitcoin providers to trade. This article will provide you with step-by-step guides on how to verify your account and purchase bitcoins while comparing the exchange with other players in the Indian BTC market.

Zebpay Alternatives For Indians

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure. Don’t have a wallet? Unocoin is India’s leading Bitcoin platform. Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Crypto exchanges are facing the music

Living in India, you have several choices when it comes to bitcoin purchase sources. With ZebPay bitcoin exchange reviewyou will have the necessary tools to compare other Indian brokers with ZebPay. If you live in India, ZebPay might be a right solution for you should you wish to trade bitcoins with domestic currency. The exchange operates on mobile platform only and is considered to be one of the most secure bitcoin providers to trade.

This article will provide inda with step-by-step guides on how to verify your account and thrlugh bitcoins while comparing the exchange with other players in the Indian BTC market. ZebPay was the first bitcoin exchange how to buy bitcoin in india through zebpay in India and was the first to offer mobile apps as a trading platform.

Started inthe company invia to be one huy the biggest providers of BTC, hand-in-hand with Unocoin and Coinbase since the mobile applications were designed to attract Indian investors to start trading the bitcoin.

The application, available for both smartphone and iPhone users, is deemed as one of the most advanced hhrough technologies on the market, which has an aim to provide a clear explanation of bitcoin trading ohw beginners. India faces an interesting situation right now when bitcoin trading is in question. Currently, banks are forbidden to endorse payments that include cryptocurrencies. Thus, although not illegal, traders from India can buy bitcoin through altcoins.

Mining operations have the largest obstacles right now, due to the lack of fiat liquidity in the market. The new draft from December would really put off the pressure that bitcoin miners feel right.

Although the supply of the market is legal, without a steady income expressed in domestic currency, bitcoin farms cannot really thrive. The draft should come into power duringthough the exact date is yet to see the light of the day.

Thus, crypto traders should exhibit patience and engage in crypto-to-crypto transactions for the time.

Due to the current zepbay ban, only peer-to-peer P2P platforms work without issues, including Paxful and LocalBitcoins. Domestic exchanges, such as ZebPay, offer another getaway for bitcoin purchase but not through INR payments.

We also strongly suspect that the draft includes KYC and AML policies, meaning that privacy will be very hard to achieve in the future.

You would need to download iOS or Android platform on your phone in thdough to trade bitcoins. After the app installation, you would be required to undergo full verification of your details, including email, phone and ID to be able to purchase and sell bitcoins within ZebPay platform.

The current buying and selling rate imdia stands at around 5, INR approx. Thgough compensates the large price difference is the security of the platform and high fluctuation of the BTC, creating space for traders to make a profit from the BTC transactions.

Apart from the mobile applications, the exchange offers auto buying and selling options for bitcoin traders. At the registration of your fo, you would receive a 4 digit PIN code that you should keep with you safely. The PIN code works as two-factor authentication measure, preventing hackers to gain access to your ZebPay funds.

Wallets and all transactions are multisig as two signature codes would need to be used to push the transaction process towards its completion. Finally, in order to trade bitcoins at ZebPay, traders would need to complete the full verification process, creating a safe environment to buy and sell BTC. Currently, all fees concerned zebpa purchasing and selling bitcoins are part of the bitcoin value. Sending and receiving Bitcion from bitcoon members of ZebPay network are free while withdrawing and uploading bitcoins would cost you 0.

The accepted payment methods at ZebPay are:. ZebPay only supports India at the moment, while accepted currency is Indian Rupee. In this section, we will compare ZebPay with Unocoin and Coinsecure exchanges as both brokers are based in India and are direct competitors that are bent on attracting Indian bitcoin investors.

When comparing ZebPay and Unocoin, the first thing that traders should have throguh mind is that Unocoin has platforms available for PC while ZebPay incia an only mobile-based platform. Fees presentation is also a difference, since ZebPay includes these costs in the price of the bitcoin, while Unocoin lists them transparently. Customer care is held in higher regard bitccoin ZebPayas the support is active and responds quickly to inquiries, while Unocoin has a bad reputation due to the prolonged ticket response.

Everything else is very similar as both accept only INR transactions and require verification of your account. Coinsecure is very similar to ZebPay and Unocoinas the company is based in India, accepts only INR payments and requires full verification to start trading bitcoins. The fees at Coinsecure are one of the lowest in the Indian market, standing at 0.

The bank deposit should be done prior to the purchase process as no other methods are accepted at ZebPay. The BTC would automatically appear in your wallet, as you have deposited funds prior to the purchase.

Next, you should thdough the number of your phone and complete the code challenge in order to verify it. Once you have verified your phone, now bjtcoin should create your PIN code and proceed to your account page. The verification can take up to 3 business days, so be armed with patience. Purchasing BTC can be done only after you have completely verified zbpay account details, which includes phone, email, ID and bank account. Bear in mind that purchasing throguh can only take place when you have a fund bicoin in your online wallet.

It would mean that prior to BTC purchase you would need to deposit the funds into a bank account. At ZebPay you are required to verify your profile fully to be able to trade bitcoins. The verification includes scanned PAN card and your personal details.

ZebPay offers discount vouchers that can be gained through promotions and bitcoin trade. These coupons can be used to hw goods and services of online companies that have signed idia with ZebPay.

In next window, you would be required to enter your PIN code. With correct code, the transaction would be carried out instantly. With account registration, you would get automatically a ZebPay wallet that functions as any other BTC storage bircoin. The keys provided are private, thus can be used in other mobile devices should you happen to change or lose your phone. There are other Indian and international exchanges that are available for bitcoin trade.

Although they could be similar to ZebPaythey differ in terms of fees, limitations and available platforms. We have investigated them for you so check our reviews about CoinbaseCEX.

Although not Indian-based, the exchange services are available for traders that are located in India. Unocoin is also an Indian-based exchange that offers INR purchase methods for their clients. As theough direct competitor of ZebPaywe have made a review about Unocoin so you can benchmark these two brokers in how to buy bitcoin in india through zebpay of fees, payment methods and ease of use.

Should you have any question concerning ZebPay that has not been covered by this guide, feel free to contact us at BitcoinBestBuy. Vote count:. Table of Contents. Unocoin has announced that Indi rupee deposits, as well as withdrawals through bank accounts, are temporarily not available in accordance with Reserve Bank of India directive dated April 6, Coinsecure, an Indian cryptocurrency exchange, is closed, as it didn’t recover after hack attack on April 9, See More in Full Coinbase Review.

Complete Review CEX. Learn More in Unocoin Review. How useful was this post? Click on a star to rate it! As you found this post useful Follow us on social media! We are sorry that this post was not useful for you! Let us improve this post! Tell us how we can improve this post? Submit Feedback. You may also like. Previous article Bitstamp Bitcoin Exchange Review. More Stories.

A hostile regulatory environment

We may receive compensation when you use Coinmama. You can back up the wallet at another location so that you don’t lose data if your hard drive crashes. Learn how your comment data is processed. Airtm Popular. They can help you buy, sell, store, use and accept bitcoin. Settings Logout. Sad news! However, the central bank hasn’t unequivocally banned Bitcoins in the country. Legal status is definitely not there,» he added.