Topic: Zebpay - Simplest Bitcoin mobile wallet (Read 2192 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?

Awesome idea!

But how is really useful when are not many stores that accept BTCs and one can't even convert BTCs to Fiat money easily.

Keen observation!

UX is pretty good. All the best.

While I agree that ultimate Bitcoin wallet should allow you to control your private keys, we believe that we are still not in that age of user awareness where they can manage their own private keys. While for medium to large amounts it has to be stored on your own physical wallets, change wallets have its own place in ecosystem. Also one of our focus is to get people first use it and enter into eco system without worrying about all those security best practices.

An yep, you must know about holding company and company should make all efforts so customers can trust it. In fact, initially we are giving away free coins ( very small amount though ) so that users do not need to put in their own coins to see how our application works and can see if it actually is usable and secure. I personally have worked in Bitcoins from 2011 and I know the history very well and always say go for Armory if you want to save your coins, but I can not say same to average Joe. We want to focus on average Joe

Reagrds

thank you for the clarification. i am assuming zebpay is going to hold the coins within your servers and the local user will not really have any "control" as such on them. in that case its important to know who the holding company is and as to where they are located. even though its going to be a spend wallet, a lot of people's lose change can make up a lot of money and we dont want anyone seizing the servers.

Regards

good one
thats why i like bitcoin
a big community of devs and a lot of cool stuff to come out

Hi Shadil,

We have incorporated company in Singpaore via our legal counsel and the current address is of our legal counsel office which is very common when you setup your business offshore initially. We do not have any physical office in Singapore at the moment, but we are planning to get one soon and it will be only administrative contact office.

We are not related to any other business in any manner. If we will have any business or strategic partnerships we will announce the same via our blog in future.

We are trying to build product that is aimed at liquid Bitcoin markets for the time being as our focus is allow people to spend Bitcoins. Having based in Singapore helps us to expand, reach other countries in terms of business operations. Singapore does have some great advantages when it comes to business related to financial market and it has  comparatively encouraging environment when you are looking at raising funds. Flipkart is also based in Singapore

I hope I was able to answer your questions, please feel free to get back to me in case you have any questions or concerns.

Regards

hi,
    i signed up for zebpay and something caught my eye. on the thank you page, your office is listed as

Zeb Ventures Pte Ltd
10 Anson Road
International Plaza
#18-17 Singapore 79903
Singapore

     what i also noticed was another post in this forum by crxzone.com wherein there address mentioned is

Intellect Market Pte. Ltd.
#22-16 , 10 Anson Road,
International Plaza,
Singapore, 079903

incidentally both these addresses seem very close to each other if not together.

what i want to know is are these 2 firms related to each other.
Also, i am assuming you are in Indian. in that case why is your company not registered in India.

Thannks

Thanks mate

Regards

Very nice mate!!!

Hi all 
Presenting Zebpay, simplest Bitcoin mobile wallet.

Sign Up for early access invite and 1$ worth of free Bitcoins
https://zebpay.com/

During all my years with Bitcoin, I have tried to explain people how good Bitcoin can be, the advantages and the technical brilliance it brings to table but always found tough to explain it to new users.

For an average Joe today Bitcoin is a Digital currency (?), Distributed(?), Cryptography based (?), having Bitcoin address with 30+ characters, QR codes and blah blah. Bitcoin apps today show you various BTC notations ( mBTC, BTC ) and several decimal places digits as bitcoin balance along with big black QR codes and long addresses with warnings that if backup your wallet now or you will loose your Bitcoins. Average Joe does not want to lose his Bitcoin and may be not equipped with knowledge of all the things above. And yes we have not ventured into sending and receiving bitcoins along with confirmations.

We wanted to make it simple, dead simple for an average Joe to use Bitcoin.

Presenting zebpay :
- Get your mobile wallet by simply verifying your mobile number. Your number is your wallet.
- Its a change wallet just like leather wallet that resides in your pocket for your daily spending. Small transactions and small balance only.
- Its dead simple.. Just like Whatsapp.. Yes, same as Whatsapp
- Though word beautiful is subjective, but we claim its beautiful.. Not scary for sure. Simple.
- Even though its change wallet we practice highest security standards and we are working hard to get insurance for your balance. Secure.
- Available on all major platforms, starting with Android. Mobile.
- Send it to your contacts just like you send them message on Whatsapp. Social.
- Share your payments like rents, lunch with friends and trip to Vegas. Group.
- Pay bills to your near by sellers or that cafe that you love to hangout. Local.
Setup billing and we will automatically pay your bills. Auto.

and much more...

Beta invite starting from 3rd Nov.

Regards.