Topic: STAY AWAY FROM ZEBPAY - page 2. (Read 726 times)
One needs to get few things straight. NO crypto exchange in this world is all good and trustworthy. Not in India nor international exchange will guarantee about your crypto or money. If you take bittrex which is International exchange based in US, you will notice that there rules are so stringent and account recovery is so pathetic that one may consider them as out right thief. However If you look from company perspective you need to keep your account safe. If you loose the credential or lose a double authentication then user is screwed. It is better to speak directly with zebpay associate than over email.
Never had a problem with the exchange. Always have a problem with gov regulations, and I dont see how this would be sorted out soon.
ZEBPAY is the worst exchange there could ever be! I was in an urgent need of money and I deposited some coins at zebpay, it took them 3 LONG DAYS TO PROCESS MY FIAT WITHDRAWAL.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
One of my friend working in Zebpay and always praise his company and their employee culture...
Now a days nobody is using indian exchange
Yes most of the indian exchanges now have low volumes when compared to volume in march and april months
Agree with you. Zebpay charging more fees as compare to other platform in india and also taking much time to process any transaction.
Right now most fastest PEER MATCH is WAZIRX , you sell crypto for USDT and withdraw USDT to INR also pretty good rate you get compare to live USD / INR price .
Agree, but the volumes are very low in wazirx so it's better to use high volume exchange like local Bitcoins for inr transaction and the rate is pretty good there also.
Right now most fastest PEER MATCH is WAZIRX , you sell crypto for USDT and withdraw USDT to INR also pretty good rate you get compare to live USD / INR price .
Now a days nobody is using indian exchange
Yes most of the indian exchanges now have low volumes when compared to volume in march and april months
Now a days nobody is using indian exchange
ZEBPAY is the worst exchange there could ever be! I was in an urgent need of money and I deposited some coins at zebpay, it took them 3 LONG DAYS TO PROCESS MY FIAT WITHDRAWAL.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
It's because of Saturday and Sunday. If you tried to withdraw money on Saturday, they proceed on Monday. Because they are not operating service on Saturday and Sunday. For me, It took always 3-4hour to withdraw money from zebpay except for Saturday and Sunday.
And as explained by you that your transaction completed in just 3-4 hours.
So other people who experienced negative or positive results while trading through this exchange; should share here to improve the knowledge base of people who do not know about it.
Indian Cryptocurrency Exchange Zebpay Plans to Return All User's Money
on September 4, 2018, Zebpay - one of the leading crypto exchanges of India made an announcement about the Rupee Balances of Users stating that the exchange is overwhelmed with the extraordinary support of users since 4 years, while also expressing their responsibility towards the users.
After RBI issued a circular to stop all the crypto-trading services and the related banking transactions in India, Zebpay was forced to ask its users to withdraw their balances within a certain allowable period of time. This move highly affected the Zebpay users and the exchange as well.
The situation remains quite the same in India, as the withdrawing banking support still prevails. However, the exchange took a responsible action for its users and made an announcement to return all of its user's money. Zebpay stated:
"We could hide behind the stalemate that has been imposed upon our industry owing to the RBI action, but we choose not to do so. Today we are announcing our intent to work with our bankers, and return all the money (Indian Rupee) that you have sent us for purposes of trading. Not doing so would make us feel like we are holding you hostage, and that is not a good feeling. When this happens, all your outstanding INR-related orders will be cancelled, and your rupees returned to your bank account."
Commenting on the Future, Zebpay is convinced that Blockchain... To continue reading click here.
on September 4, 2018, Zebpay - one of the leading crypto exchanges of India made an announcement about the Rupee Balances of Users stating that the exchange is overwhelmed with the extraordinary support of users since 4 years, while also expressing their responsibility towards the users.
After RBI issued a circular to stop all the crypto-trading services and the related banking transactions in India, Zebpay was forced to ask its users to withdraw their balances within a certain allowable period of time. This move highly affected the Zebpay users and the exchange as well.
The situation remains quite the same in India, as the withdrawing banking support still prevails. However, the exchange took a responsible action for its users and made an announcement to return all of its user's money. Zebpay stated:
"We could hide behind the stalemate that has been imposed upon our industry owing to the RBI action, but we choose not to do so. Today we are announcing our intent to work with our bankers, and return all the money (Indian Rupee) that you have sent us for purposes of trading. Not doing so would make us feel like we are holding you hostage, and that is not a good feeling. When this happens, all your outstanding INR-related orders will be cancelled, and your rupees returned to your bank account."
Commenting on the Future, Zebpay is convinced that Blockchain... To continue reading click here.
It is always recommended not to keep your coins in any exchange as you are not in control of the coin address. Zebpay and other indian exchanges are almost dump one no one is good, it is much better to trade in localbitcoins as you are in direct contact with the buyer or seller and localbitcoins escrow system is very good.
Can you please explain how does this escrow system works? If govt stops the banking services to exchanges then only peer to peer will work but how does the payment and receiving work there?
You can find trusted escrow in this forum from these threads:
https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
https://bitcointalksearch.org/topic/recommended-bitcointalk-escrow-services-2439910
Always do your own research and make sure you contact the original account of members offering escrow service listed in these thread, there are many imposters who will make similar username, just to trick new people.
For example: My username is Guvn0r, it is easy to someone to contact you with a similar username such as Guvnor or Gunv0r etc..
Yeah. Try using tomatocage. I've been using him since 2013. Most trusted escrow on this forum.
Well the correct step now would be to not trust any Indian exchange as Govt and RBI are not clear on what so they want to do with crypto. So at this time, do not send money to indian exchanges and if you have any coins in them then its better to move them to some International exchange.
It is always recommended not to keep your coins in any exchange as you are not in control of the coin address. Zebpay and other indian exchanges are almost dump one no one is good, it is much better to trade in localbitcoins as you are in direct contact with the buyer or seller and localbitcoins escrow system is very good.
Can you please explain how does this escrow system works? If govt stops the banking services to exchanges then only peer to peer will work but how does the payment and receiving work there?
You can find trusted escrow in this forum from these threads:
https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
https://bitcointalksearch.org/topic/recommended-bitcointalk-escrow-services-2439910
Always do your own research and make sure you contact the original account of members offering escrow service listed in these thread, there are many imposters who will make similar username, just to trick new people.
For example: My username is Guvn0r, it is easy to someone to contact you with a similar username such as Guvnor or Gunv0r etc..
It is always recommended not to keep your coins in any exchange as you are not in control of the coin address. Zebpay and other indian exchanges are almost dump one no one is good, it is much better to trade in localbitcoins as you are in direct contact with the buyer or seller and localbitcoins escrow system is very good.
Can you please explain how does this escrow system works? If govt stops the banking services to exchanges then only peer to peer will work but how does the payment and receiving work there?
Simple. A third party(trustable party) holds your coins until the fiat payment is made. Once the payment recipient receives it and gives the green. The coins are released to the buyer.
Read localbitcoins FAQ. They have all info on an escrow.
It is always recommended not to keep your coins in any exchange as you are not in control of the coin address. Zebpay and other indian exchanges are almost dump one no one is good, it is much better to trade in localbitcoins as you are in direct contact with the buyer or seller and localbitcoins escrow system is very good.
Can you please explain how does this escrow system works? If govt stops the banking services to exchanges then only peer to peer will work but how does the payment and receiving work there?
Surprised to see this comment. Zebpay withdrawals have been super smooth and fast for me - max. 1 business day and sometimes within 4-5 hours of placing the request.
ZEBPAY is the worst exchange there could ever be! I was in an urgent need of money and I deposited some coins at zebpay, it took them 3 LONG DAYS TO PROCESS MY FIAT WITHDRAWAL.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
I don't face the problem like this.I sold BTC in zebpay 4 days before ,they sent my money in 2 to 3 hours in my account.
There may be any problem with your accounts or something else.
Maybe because he withdraw the money on Sundays i think and this makes take nearly 3 days to get fiat payment to our local banks. So it is always good to withdraw on weekdays in order to get fiat payment with 3 to 4 hours time.
ZEBPAY is the worst exchange there could ever be! I was in an urgent need of money and I deposited some coins at zebpay, it took them 3 LONG DAYS TO PROCESS MY FIAT WITHDRAWAL.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
I don't face the problem like this.I sold BTC in zebpay 4 days before ,they sent my money in 2 to 3 hours in my account.
There may be any problem with your accounts or something else.
ZEBPAY is the worst exchange there could ever be! I was in an urgent need of money and I deposited some coins at zebpay, it took them 3 LONG DAYS TO PROCESS MY FIAT WITHDRAWAL.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
Even the rates are shit(because of those fees).LBC has much better rates.
They even charge a whopping 0.0005 BTC TX fees on withdrawals + fees on trading too.RIPPERS!
STAY AWAY FROM SUCH A SHIT EXCHANGE.SHIT ZEBPAY.And after the coinsecure scam, if you are still keeping your coins in zebpay then WITHDRAW NOW!
Go for P2P trading.Dump these shit exchanges.
It's because of Saturday and Sunday. If you tried to withdraw money on Saturday, they proceed on Monday. Because they are not operating service on Saturday and Sunday. For me, It took always 3-4hour to withdraw money from zebpay except for Saturday and Sunday.
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