ZebPay is back? | Bitcointalksearch.org

chunnu39

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Quote from: reliable on May 24, 2020, 11:13:18 AM

Quote from: chunnu39 on May 06, 2020, 08:33:12 AM

very pathetic support of zebpay exchange. I don't use that exchange which moves out when we as an Indian crypto community facing a tough time And when the supreme court gives judgment in favor of crypto they are back.
and they looted people by there High fee structure

You had heard that Zebpay was one of the pioneers in India couple of years back when they were functioning and was also producing the god service to the customs. Not sure after that since they closed their India operations and now they seems to be back. All would like them to be back with the same where they had left in terms of services and platform to be used for Indians.

that was old-time old team and old terms and policies. but the company is merged into other parent company and they have now settled out India. even the team also changed and there service too. I had a bad experience with zebpay in 2020. even my brother also faced an issue regarding customer support.

chunnu39

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Quote from: ?? on ??

Quote from: teosanru on February 03, 2020, 03:30:56 AM

Quote from: 100bitcoin on February 01, 2020, 03:16:59 PM

https://inc42.com/buzz/with-new-leadership-team-crypto-startup-zebpay-is-back-to-india/

- The cryptocurrency company is now being led by CEO Rahul Pagidipati

- The company has also onboarded new leaders for finance, marketing and strategy

- ZebPay had shuttered its Indian business in September 2018

Yes it is absolutely back here is another blog post citing the same thing: https://news.bitcoin.com/zebpay-relaunch-india/ . Looks like they are inspired by the WazirX's Acquisition by Binance. Moreover the primary reason why they left was RBI banning banking transactions with crypto exchanges but then WAZIRX realized that how nicely can P2P work in such an environment. Looks like ZEBPAY will now focus on becoming a full fledged exchange with P2P facility in India.

Quote from: akhjob on February 03, 2020, 12:50:13 AM

Quote from: avikz on February 02, 2020, 11:52:43 AM

I doubt the correctness of this news. Because the website is showing "500 server error". I don't know is it only me or everyone else is getting the same error!

Zebpay.com works fine for me. Moreover, many existing Zebpay users including me got emails that they are due for a comeback. So I guess the news is legit.

Quote from: akram143 on February 02, 2020, 08:02:35 AM

Wallet maintenance fee? Looks something new for me.

Back in 2018, when they closed, they had informed that they would charge fee for the safekeeping of the Crypto which was not withdrawn by the users after the withdrawal deadline. I guess that's what they are calling as Wallet Maintenance fee. Dont know the earlier charges were, but this was discussed in the latest email as well

Quote

Therefore, please take notice that from March 1st, 2020, we will charge a monthly fee of 0.0001 BTC per member, equal (on average) to roughly USD 0.80 / SGD 1.1 / INR 60

The line "passive Income and Borrowing program" clearly shows that they are ready to become the first exchange to dive into margin trading with leverage in India. They might even launch some investment schemes just like Binance has been doing lately. But I don't think there is much of an Indian market which would want to trade on an Indian exchange now. Everyone is pretty comfortable with exchanges like Binance and Huobi etc.

don't fall in the trap of zebpay they are foreign companies only here to earn money they didn't here for supporting our Indian crypto community. even the team has not enough members to solve support related problems. and they fee structure also surprises you. atlast i dont wanna be part of that company which think only about itself not as a indian crypto community.

amishmanish

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Quote from: libert19 on May 31, 2020, 11:38:15 PM

It was indeed a pioneer but at that time there weren't much competitors, right now there are better alternatives available and I doubt zebpay can reach the heights it once was.

All these so called entrepreneurs really need to experiment with some other ideas rather than the same old cash grabs in the name of adding new tokens and the constant milking from the trading fees. It has been sometime that the ban has been lifted and the space is wide open for something different.
I like the initiative by CoinDCX with their hashtag of #trycrypto. They are also taking some initiative about making people learn about crypto. Although there is already a lot of free material available, i feel this may be more in line with coinbase earn which pays you some pennies to go through introductions on various cryptocurrencies.

libert19

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Quote from: reliable on May 24, 2020, 11:13:18 AM

Quote from: chunnu39 on May 06, 2020, 08:33:12 AM

very pathetic support of zebpay exchange. I don't use that exchange which moves out when we as an Indian crypto community facing a tough time And when the supreme court gives judgment in favor of crypto they are back.
and they looted people by there High fee structure

You had heard that Zebpay was one of the pioneers in India couple of years back when they were functioning and was also producing the god service to the customs. Not sure after that since they closed their India operations and now they seems to be back. All would like them to be back with the same where they had left in terms of services and platform to be used for Indians.

It was indeed a pioneer but at that time there weren't much competitors, right now there are better alternatives available and I doubt zebpay can reach the heights it once was.

reliable

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Activity: 868

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Quote from: chunnu39 on May 06, 2020, 08:33:12 AM

very pathetic support of zebpay exchange. I don't use that exchange which moves out when we as an Indian crypto community facing a tough time And when the supreme court gives judgment in favor of crypto they are back.
and they looted people by there High fee structure

You had heard that Zebpay was one of the pioneers in India couple of years back when they were functioning and was also producing the god service to the customs. Not sure after that since they closed their India operations and now they seems to be back. All would like them to be back with the same where they had left in terms of services and platform to be used for Indians.

Greendays

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Activity: 135

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I wonder that zebpay now charging membership fees on per month basis. this is ridiculous, https://www.zebpay.com/in/fees. it means zebpay is no more a wallet, you can trade there, but why would anyone join zebpay if their is so many wallets and exchanges with almost no fee. zebpay must think of this carefully. while i am writing this post, the membership fee is stated 0.0001 BTC or equivalent per month in thier official site.

SaShiRaJaVu

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Quote from: suvo05 on May 17, 2020, 02:33:07 PM

RBI has uplifted the ban but that is not permanent the judgment is still ongoing so there could be a chance that RBI could reinforce the ban again. So we can't say that ZebPay is completely back.

The judgement is to lift the banking ban of companies and so is the reason all the companies started functioning like it used to be in the past. That means RBI cannot reinforce the ban as it is not superior than the supreme court judgement, the option they have is to take things legally and present a case that is illegal to begin as the central bank has no power to restrict a business to function.

suvo05

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RBI has uplifted the ban but that is not permanent the judgment is still ongoing so there could be a chance that RBI could reinforce the ban again. So we can't say that ZebPay is completely back.

chunnu39

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Activity: 294

Merit: 1

very pathetic support of zebpay exchange. I don't use that exchange which moves out when we as an Indian crypto community facing a tough time And when the supreme court gives judgment in favor of crypto they are back.
and they looted people by there High fee structure

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: lordquanta on February 25, 2020, 03:38:06 AM

On the other hand, somebody has mentioned about the monthly fees (account maintenance fees) might not be charged if some trade is done during that month. So their is a hope for better days. Once this kick-starts properly then other companies will also follow the suit.

If account maintenance fees is the only source of making money then they will not survive, all the exchanges have trading fees and that is how they will survive and that is the business model they need to look forward and if they provide a competitive price then with volume they will have their profit.

With the court case keep on extending and the announcement of Zebpay making a return to the Indian market i am expecting some kind of drama again from the government or from the RBI to curb things once again, right now there is no individual ban but i wont be surprised if they exercise something like that as the government always like in making controversy rather than doing anything meaningful.
Still not clear whether they are planning to come up with P2P based trading or any other method.

lordquanta

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Quote from: akram143 on February 02, 2020, 08:02:35 AM

Wallet maintenance fee? Looks something new for me.

At first glance, this change in their strategy may seem bit awkward. However we need to understand that their way of operating business has been totally disrupted by the changes from govt and banks. Banks have mostly stopped/closed accounts which were active in the crypto-trade. This has largely affected the crypto-trade from which zebpay might have been able to earn their profits. Now that part of profit earning gone, they might had to look for new source of raising income to sustain the business.
On the other hand, somebody has mentioned about the monthly fees (account maintenance fees) might not be charged if some trade is done during that month. So their is a hope for better days. Once this kick-starts properly then other companies will also follow the suit.

aashishsharma

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Quote from: Kunnu on February 14, 2020, 10:44:02 AM

This comeback is going to be very tough for zebpay now mostly Indian crypto community has much better sources for trading or selling cryptocurrencies and mostly people are satisfy with those sources so it will be very challenging for zebpay to make its place and reputation again between Indian crypto community.

Very well said. I myself got a trusted individuals in different countries with whom I trade daily. If Zebpay actually allows INR -> Crypto trading. That would be pretty cool. If not, I'm pretty happy with what's going right now.

Kunnu

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This comeback is going to be very tough for zebpay now mostly Indian crypto community has much better sources for trading or selling cryptocurrencies and mostly people are satisfy with those sources so it will be very challenging for zebpay to make its place and reputation again between Indian crypto community.

pawanjain

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Nothing lasts forever

Quote from: libert19 on February 08, 2020, 12:22:04 AM

Quote from: akram143 on February 02, 2020, 08:02:35 AM

Wallet maintenance fee? Looks something new for me.

Yes, and it's like 60 inr per month, if you make at least one trade in month you won't be paying fees for that month. I hope every zebpay wallet user is aware of it, otherwise they will be paying fees unknowingly.

Yeah, Zebpay clearly mentioned in the announcement that only inactive accounts will be effected by the change they are bringing.

Quote

Once we resume crypto-crypto trading, you won’t be charged a wallet fee as long as you place even one trade per month. Even better, if you trade the no-fee pair of the month (starting with BTC-ETH) you won’t pay a trading fee, either.

source: https://static.zebpay.com/marketing/custody-fee.html

So I guess, Zebpay has planned their strategy well inorder to bring Crypto back to India.
Still I would not consider it the same as before because they have not mentioned anywhere about crypto to INR transactions.
May be they will just bring crypto to crypto trading or something like that.

amishmanish

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Activity: 1876

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Quote from: bipin444444 on February 09, 2020, 04:21:59 AM

It pleased to see India adopting cryptos.

Happy return Zebpay. Kiss

Hey bipin444444. Welcome to the Indian sub as well as the forum. I am hoping you are a complete beginner. There is a lot to learn and do here at the forum if you are not here just for the bounties. We are always looking for complete newbies at the India sub hoping to guide them through the myriad of scams and imposters and getting them to become contributing citizens of the cryptosphere.

Merited one of your posts about the blockchain courses. Keep learning and contributing. If you see this message, do drop in here for a quick intro to the scene['url] and maybe introduce yourself too.

bipin444444

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It pleased to see India adopting cryptos.

Happy return Zebpay. Kiss

amishmanish

legendary

Activity: 1876

Merit: 1157

Zebpay was probably the most used wallet in India during the 2016-17 BTC breakout. It was where i purchased my first BTC before the banks started closing things down. By the slump got over, i had lost about 50K INR of the investment putting money in worthless ICOs and having decided to no longer "buy" crypto until i understood its use.
I have mostly come to the conclusion that holding and earning SATS is the most worthwhile thing you can do apart from actually getting involved. I had the wallet on my old mobile phone. It asked me for the phone number i registered with and i got the SMS delivered (on a different phone). It worked alright after i entered the 4-digit pin which i luckily recalled.

The wallet looks slicker now but i don't think they have updated crypto-to-crypto trading yet. The BTC wallet also shows a "Lightning" payment tab which i haven't tried because there are no lightning payments to make.I think I'll go and try one from LoyveV's thread to see how it works. Its good news that they are relaunching in India. Hopefully the "Zebpay build" initiative can be of help to developers.

libert19

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Quote from: akram143 on February 02, 2020, 08:02:35 AM

Wallet maintenance fee? Looks something new for me.

Yes, and it's like 60 inr per month, if you make at least one trade in month you won't be paying fees for that month. I hope every zebpay wallet user is aware of it, otherwise they will be paying fees unknowingly.

chennappa121

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Quote from: teosanru on February 03, 2020, 03:30:56 AM

Quote from: 100bitcoin on February 01, 2020, 03:16:59 PM

https://inc42.com/buzz/with-new-leadership-team-crypto-startup-zebpay-is-back-to-india/

- The cryptocurrency company is now being led by CEO Rahul Pagidipati

- The company has also onboarded new leaders for finance, marketing and strategy

- ZebPay had shuttered its Indian business in September 2018

Yes it is absolutely back here is another blog post citing the same thing: https://news.bitcoin.com/zebpay-relaunch-india/ . Looks like they are inspired by the WazirX's Acquisition by Binance. Moreover the primary reason why they left was RBI banning banking transactions with crypto exchanges but then WAZIRX realized that how nicely can P2P work in such an environment. Looks like ZEBPAY will now focus on becoming a full fledged exchange with P2P facility in India.

Quote from: akhjob on February 03, 2020, 12:50:13 AM

Quote from: avikz on February 02, 2020, 11:52:43 AM

I doubt the correctness of this news. Because the website is showing "500 server error". I don't know is it only me or everyone else is getting the same error!

Zebpay.com works fine for me. Moreover, many existing Zebpay users including me got emails that they are due for a comeback. So I guess the news is legit.

Quote from: akram143 on February 02, 2020, 08:02:35 AM

Wallet maintenance fee? Looks something new for me.

Back in 2018, when they closed, they had informed that they would charge fee for the safekeeping of the Crypto which was not withdrawn by the users after the withdrawal deadline. I guess that's what they are calling as Wallet Maintenance fee. Dont know the earlier charges were, but this was discussed in the latest email as well

Quote

Therefore, please take notice that from March 1st, 2020, we will charge a monthly fee of 0.0001 BTC per member, equal (on average) to roughly USD 0.80 / SGD 1.1 / INR 60

The line "passive Income and Borrowing program" clearly shows that they are ready to become the first exchange to dive into margin trading with leverage in India. They might even launch some investment schemes just like Binance has been doing lately. But I don't think there is much of an Indian market which would want to trade on an Indian exchange now. Everyone is pretty comfortable with exchanges like Binance and Huobi etc.

Yes zebpay was giving service properly for Indian users and most trustworthy. I'm really happy they are going to relaunch it in india with some special features like margin trading if it is possible then zebpay will get huge success in india again.

teosanru

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Quote from: 100bitcoin on February 01, 2020, 03:16:59 PM

https://inc42.com/buzz/with-new-leadership-team-crypto-startup-zebpay-is-back-to-india/

- The cryptocurrency company is now being led by CEO Rahul Pagidipati

- The company has also onboarded new leaders for finance, marketing and strategy

- ZebPay had shuttered its Indian business in September 2018

Yes it is absolutely back here is another blog post citing the same thing: https://news.bitcoin.com/zebpay-relaunch-india/ . Looks like they are inspired by the WazirX's Acquisition by Binance. Moreover the primary reason why they left was RBI banning banking transactions with crypto exchanges but then WAZIRX realized that how nicely can P2P work in such an environment. Looks like ZEBPAY will now focus on becoming a full fledged exchange with P2P facility in India.

Quote from: akhjob on February 03, 2020, 12:50:13 AM

Quote from: avikz on February 02, 2020, 11:52:43 AM

I doubt the correctness of this news. Because the website is showing "500 server error". I don't know is it only me or everyone else is getting the same error!

Zebpay.com works fine for me. Moreover, many existing Zebpay users including me got emails that they are due for a comeback. So I guess the news is legit.

Quote from: akram143 on February 02, 2020, 08:02:35 AM

Wallet maintenance fee? Looks something new for me.

Back in 2018, when they closed, they had informed that they would charge fee for the safekeeping of the Crypto which was not withdrawn by the users after the withdrawal deadline. I guess that's what they are calling as Wallet Maintenance fee. Dont know the earlier charges were, but this was discussed in the latest email as well

Quote

Therefore, please take notice that from March 1st, 2020, we will charge a monthly fee of 0.0001 BTC per member, equal (on average) to roughly USD 0.80 / SGD 1.1 / INR 60

The line "passive Income and Borrowing program" clearly shows that they are ready to become the first exchange to dive into margin trading with leverage in India. They might even launch some investment schemes just like Binance has been doing lately. But I don't think there is much of an Indian market which would want to trade on an Indian exchange now. Everyone is pretty comfortable with exchanges like Binance and Huobi etc.

Topic: ZebPay is back? (Read 440 times)