Topic: Peoples have more dependency with the zebpay (Read 213 times)
It's not just Zebpay. Although exchanges are looking for ways to continue their business. Also they were alerted by Zebpay through their website, news, twitter and they received emails from them warning them about it a long time ago and who wanted to withdraw fiat had done it and the do not want to, keep it there to continue the transaction and eventually they can always withdraw electronically that part is not closed.
As u know the ZEBPAY has stoped its service from yesterday
but many of the peoples have keept more dependency on zebpay
and now they have strucked with that and got blanked without further steps
but many of the peoples have keept more dependency on zebpay
and now they have strucked with that and got blanked without further steps
As I knew about the Zebpay services and its been highly tortured by RBI many times for withdrawing and depositing the Cryptocurrency on their accounts and i am very feared to take the Zebpay services right now because of they're own highly manipulative prices and their manipulation prices is what people are looking for and they are attracted towards as they give higher prices compared to international prices. It is better to avoid Zebpay for now as their prices is not good for trading and better switch to some other broker who offers escrow system services along with low transaction fees something like Koinex or WazirX.
That dependence will be a burden on addicts who use it because it needs to be tuned using another Bitcoin wallet application that allows mobile bitcoin transactions without any complexity to understand the address. bitcoin, backup or afraid of losing bitcoin. So, whether you are doing a transaction or any other exchange for the purpose; The issues are now the same for all users.
As u know the ZEBPAY has stoped its service from yesterday
but many of the peoples have keept more dependency on zebpay
and now they have strucked with that and got blanked without further steps
Can you people just not use coinbase/Coinomi , if you want an app? And you can exchange it for fiat using localbitcoins? Everyone knew that this was coming, why were you people using it until the last minute? Its the crypto world, you have limitless choices, just don't rely on Zebpay only. Keep your hopes high.but many of the peoples have keept more dependency on zebpay
and now they have strucked with that and got blanked without further steps
Alternatives to zebpay: https://medium.com/@pocketbits_83512/best-zebpay-alternatives-c358cd1f0359
As u know the ZEBPAY has stoped its service from yesterday
but many of the peoples have keept more dependency on zebpay
and now they have strucked with that and got blanked without further steps
- If they have kept any fiat there than its almost gone because zebpay have already asked users to withdraw out fiat.but many of the peoples have keept more dependency on zebpay
and now they have strucked with that and got blanked without further steps
- They can still trade their bitcoin/coins in other exchanges against crypto or USDT/TUSD and move funds from one exchange to another.
- To cashout they can use localbitcoins like platform where no any RBI rule applies.
- Government can't track each and every transaction so it is quite unlikely that you will get caught for exchanging your bitcoin for fiat unless it is really big amount.
As u know the ZEBPAY has stoped its service from yesterday
but many of the peoples have keept more dependency on zebpay
and now they have strucked with that and got blanked without further steps
Just start using local bitcoins.com as I have been using it for the past two years.Even yesterday,i completed a trade there. but many of the peoples have keept more dependency on zebpay
and now they have strucked with that and got blanked without further steps
The major problem will be for those who got used to it, i.e. got into a habit from using it and are used to it. But there are other alternatives we can look for which serves as a substitute for the one mentioned in the post. Try looking up at the internet for further help.
you are wrong in your assumption.
simply because this is not the first time Indians are facing a problem like this so they are familiar with what they need to know and how to handle this situation. it is just you that looking at them from outside thinking it is strange!
additionally they have been warned by the Zebpay through their website, news, twitter and they received Emails from them warning them about it a long time ago and those who wanted to withdraw fiat have already done it and those who didn't want to, have kept it there to continue to trade.
and finally they can always withdraw cryptocurrencies that part is not closed.
simply because this is not the first time Indians are facing a problem like this so they are familiar with what they need to know and how to handle this situation. it is just you that looking at them from outside thinking it is strange!
additionally they have been warned by the Zebpay through their website, news, twitter and they received Emails from them warning them about it a long time ago and those who wanted to withdraw fiat have already done it and those who didn't want to, have kept it there to continue to trade.
and finally they can always withdraw cryptocurrencies that part is not closed.
Its not after all close they can still withdraw their funds. There are lots of option besides zebpay, I'm sure they can find what they need for their liking. Business come and go. Did they claim bankruptcy? Crypto exchanges are booming, the number of exchange ICO releasing their own token is growing in numbers which obviously the reason why its lucrative. Do you think they have plans to release their own coin?
you are wrong in your assumption.
simply because this is not the first time Indians are facing a problem like this so they are familiar with what they need to know and how to handle this situation. it is just you that looking at them from outside thinking it is strange!
additionally they have been warned by the Zebpay through their website, news, twitter and they received Emails from them warning them about it a long time ago and those who wanted to withdraw fiat have already done it and those who didn't want to, have kept it there to continue to trade.
and finally they can always withdraw cryptocurrencies that part is not closed.
simply because this is not the first time Indians are facing a problem like this so they are familiar with what they need to know and how to handle this situation. it is just you that looking at them from outside thinking it is strange!
additionally they have been warned by the Zebpay through their website, news, twitter and they received Emails from them warning them about it a long time ago and those who wanted to withdraw fiat have already done it and those who didn't want to, have kept it there to continue to trade.
and finally they can always withdraw cryptocurrencies that part is not closed.
As we know, too much dependency on something is never good, there should be an alternative. However, there's always an option to it. Cryptocurrencies keep opening and getting shut down, or even banning, but they get back to their place after sometime. In case of Zebpay, I hope the same.
Based on this its really disappointing news for users also they will open new brunch in India also those are happening soon based on this you can transfer your money now or else you have exchange this in another country better try to withdraw. 
if they does dependent with the zebpay then I don't think there is any problem zebpay is a wallet and the users use it for their trading ,transaction but one shouldn't turn it in to addiction then it will be hard to exchanges with other wallet.
Well, yes you are right that zebpay has stopped their service from yesterday. But now people are dependent on it and it becomes a big issue. But I will tell suggest not to worry because there is always a third option the option which was before zebpay.
Yes Zebpay has stopped their service. They announced about the stoppage few days back. Since RBI has instructed them to close the operation, they have been bound to do so. However, if Indian Govt. reconsider the decision, they might come again in the market.
The restrictions on the crypto transactions through Indian Banks have been imposed on all the exchanges working in India. It is not only Zebpay. So whether you were doing transactions through zebpay i.e. you were dependent on Zebpay or any other exchange for the purposse; the problems are now same for all the users.
Though exchanges are finding ways to continue their business.
Though exchanges are finding ways to continue their business.
That dependence will be a burden for those who have been addicted to using it, and I think it should be able to be developed.
This is pretty much the truth. That dependence will be a burden for those who have been addicted to using it as it needs adjustments using another Bitcoin wallet app that enables bitcoin transactions using mobile number without any complexities to understand bitcoin addresses, taking backups or fear of losing bitcoins.
I think it could be, because Zebpay app is a simple bitcoin wallet, and can send and receive Bitcoins using only mobile numbers.
I can feel what the Indians are feeling who are using zebpay. I assume it is the best local exchange where they can easily casho ut/cash in to their accounts.
But if this will stay, you have to adopt their decision and look for another option like LBC. You can deal with any person and start peer to peer trading.
But if this will stay, you have to adopt their decision and look for another option like LBC. You can deal with any person and start peer to peer trading.
It seems that many people are struck with the zebpay as they became so much dependent on it and now the zebpay has stopped servicing.
People will somehow manage it manage it anyway. Nothing to worry about it.
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