Topic: Zebpay - Simplest Bitcoin mobile wallet (Read 2183 times)

bc ab zebpay bhi end-to-end ho gaya ... no moderation ... no manipulation bhencho

Zebpay is nice wallet and it also give referral bonus so please join it. Get bitcoins worth ₹100 free on your first bitcoin buy or sell with referral code 'REF43942451'. Download the app: http://link.zebpay.com/ref/REF43942451

i see , thanks for explaining ..

That is to discourage arbitrage and day trading.

Arbitrage:
People would grab every chance of buying Bitcoin on any of the exchange for a little lower price and sell it on Unocoin even if the difference is very small like $100. Unocoin would have to closely monitor and update their own prices every minute to prevent this, so the easy solution is to just set the sell price way lower.

Day Trade:
Since Bitcoin is very volatile, people will just keep buying / selling large quantities just to earn some profit on daily basis. This will be difficult for Unocoin because the coins are not exchanged between users directly (like Coinsecure) but it is managed by Unocoin. In such case it is difficult to predict the coin supply and cater to volume demand when necessary. Preventing day trading helps them in gaining a stable trade volume which gives them ability to predict coin supply / demand on daily basis.

TLDR: Hue difference between buy/sell prices is for discouraging arbitrage and day trading because it poses some operational challenges for exchanges which are not user-to-user order books.

Hmm can be but serious ridiculous difference of Unocoin and Zebpay frankly . Do they use different exchange price chart for Buying and Selling . How can be such huge difference i don't understand in these 2 sites , specially Unocoin lol .

That's because Coinsecure is probably the only user-to-user exchange in India. On all other exchanges the buy/sell prices are controlled by exchanges, not users.

I know that crazy price difference of BUY / SELL of Indian Exchanges except CS , but hey only the fool will buy with that price hehe .. whenever i need to buy via Indian exchange i only use CS but most time from International exchanges , But yes i tested first withdrawal with ZebPay and they are on time , i wouldn't say fast which previously CS had but its on time as they mentioned in their site within 1 working day .

There is huge difference in buy and sell which make difficult for middle investor to buy it.but if you consider by speed it is quite fast and good.kyc is fast as well.withdrawal take 12-48 hrs to the bank in my experience.

they have visited all exchanges to check if there is no illegal trading going on.as zebpay is the biggest exchange in india right now.ceo of zebpay also gave interview to some new channel.cryptocurrency is gaining momentum in india as it is quite good for digital expansion of country.

Was Zebpay also one of the exchanges where the IT department paid the visit yesterday? What was the outcome of this?

How fast are the Withdrawals ?

So you just needed to bump a 3-year old thread just to post something that had nothing to do with the topic? Care to open a new thread? N00bs these days...



Keep only small amount (if you're making transactions often from phone) in Zebpay or other mobile wallets.
For larger amounts, I recommend keeping them in a cold wallet offline.

certainly there are many other wallets that are recommended as opposed to storing BTC in ZebPay.  you can try blockchain.info or btc.com , both are trusted providers in the Bitcoin space and give you control of your pvt keys.

As private keys are not in our hand, wil you really suggest to store btc other than zebpay wallet.
CC. i m much concerned about security.

Hi, i am from chennai, anyone here with technical knowledge about pow/pos coins? kindly contact me on telegram @arun738686

I notice Zebpay made it onto YourStory.com today.

Congrats!

http://yourstory.com/2014/10/zebpay-bitcoin-transactions/

Thanks

Regards

Congractulations!!!!

Thanks for the reply Mahin. Now I understand.

Thanks for your comments and support.

Zebpay, well, we worked really hard to come up with good brand name that is catchy and be differentiated from other players in this crowded market. We had setup few constraints on choosing brand name :
1. We wanted it to be very different.
2. We did not want web 2.0 names like webio etc because that space is too crowded now for any meaningful name and it is tough to market.
3. Zeb ventures is umbrella group starting with zebpay as wallet/payment solutions. So our main branding must be unique across other segments we want to  expand in future. This is tough one as finding main brand identity uniquely available across various segments is tough.
4. We do not want to have bit, crypto, coin as they are tough to market and domain squatting has been done to death.
5. As our services are financial services we do not want to be creative with spelling morphing as that might go wrong with phishing sites appearing in future. Name has to be very simple to spell.
6. Having character like animal, bird, cartoon is much easier to brand initially ( this is general perception and not baked by any scientific research, but we buy this )
6. We like zebra, as zebras have few unique properties. Their stripes come in different patterns, unique to each individual. They are generally social animals. Zebras have never been truly domesticated. We wee able to establish connections between Zeb ventures culture, brand and product suite with this features.

And on top of everything,

We wanted people to ask this question, How did you come up with name zebpay

Regards

I like the fact Zebpay is giving away small amounts of bitcoins at sign up. The biggest hurdle in getting a new user to use bitcoin right now is to get him to buy a bitcoin. It just seems like a lot of effort for them to go through the process of buying a bitcoint to simply try it out once.

If we want to spread bitcoin use in India, we have to give away free bitcoins initially I feel.

So kudos to zebpay for adopting this strategy.

By the way, I've asked this on a different thread as well, but I'm going to ask it here again because this seems to be the right place for it.

How did you come up with the name Zebpay?