Crypto exchange platforms are nowadays challenging to choose from. Traders generally don’t get the idea from where to start and what to compare in order to get their hands on a platform that perfectly matches their idea. Therefore, we came up with ZebPay vs WazirX, which comes among India’s top crypto exchange platforms. This article will give you a deep insight and comparison of both of them.
What is ZebPay?ZebPay has been there in the business of cryptocurrencies since 2014 and has achieved dizzying heights with over five million+ users and $10 Billion in fiat transactions. The platform is one of the fastest-growing and most popular cryptocurrency exchanges, which is headquartered in Singapore. With a recently established presence in Australia, they continue their rapid expansion across continents, attracting both crypto-focused investors and crypto-traders from across the globe.
Read our ZebPay Review to know more.
VISIT ZEBPAY ZebPay What is WazirX?WazirX is a well-known cryptocurrency platform from India. The WazirX exchange has over 80 Lash users, thus making it the fastest-growing crypto exchange platform. It was co-founded by Sameer Mhatre, Nishchal Shetty, and Siddharth Menon. The medium is the most trusted one among traders, which is the reason behind its growing popularity. Moreover, the platform also provides a secure trade with various cryptocurrencies like Bitcoin, Ethereum, Ripple, Tron, Zilliqa, and many more. In addition to this, WRX Token is the native crypto token of WazirX.
Read our WazirX review to know more.
VISIT WAZIRXAlso Read: WazirX P2P: Exchange Crypto with 0% Fees
ZebPay vs WazirX: Features ZebPayAlso Read: WazirX vs CoinDCX vs Bitbns – Who has the Lowest Fees?
ZebPay vs WazirX: Supported CryptocurrenciesCryptocurrencies are digital assets that are created with the help of blockchain and cryptography. It is an encrypted string of data or hash encoded to signify one unit of currency. Moreover, these can’t be influenced by any external body like political organs or government agencies.
Many cryptocurrencies are supported by ZebPay, and some of the popular currencies among them are Bitcoin (BTC), Ethereum (ETH), Basic Attention Token (BAT), Ripple (XRP), Tether (USDT), Litecoin (LTC), and many more. Moreover, about 15-12 crypto/fiat trading pairs and four crypto-crypto pairs are available on ZebPay.
There are about 100+ cryptocurrencies that are supported by WazirX. These cryptocurrencies are Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple, etc. WazirX, apart from this, also offers four base pairs: WRX, BTC, USDT, and INR. Also, there are 70 cryptos paired against INR.
Supported Cryptocurrencies ZebPay vs WazirX: Fee Structure ZebPay FeesZebPay Deposit and Withdrawal Fees: There is no deposit fee on the platform. The fiat deposit fee for bank transfer is INR 7, UPI transfer is INR 25, and net banking is INR 10. The withdrawal transfer fee differs for different cryptocurrencies. However, across all fiat withdrawals, the fiat withdrawal fee is flat INR 10. In addition to this, there is a monthly membership fee of 0.0001 BTC that ZebPay charges. Also, you can avoid an additional monthly payment by at least making one trade a month. Moreover, it only applies to inactive accounts.
ZebPay Trading Fees: The maker and takers fee that ZebPay charges is around 0.15% and 0.25%, respectively. Moreover, there is a 0.10% fee for intraday.
VISIT ZEBPAY ZebPay Fees WazirX FeesOn spot trading, WazirX charges a maker and a taker fee of 0.2%. However, there is no fee for making a P2P exchange, but you will have to pay skilled traders 25% of your profit on WazirX STF trading. In addition to this, you will have to pay INR 6.7 as a transaction fee if you make an INR deposit through a bank transfer. Furthermore, users also have to pay a withdrawal fee, as is mentioned below in the table:
VISIT WAZIRX WazirX FeesAlso Read: Coinbase vs WazirX | Who has the Lowest Fees?
ZebPay vs WazirX: SecuritySecurity is of paramount importance with the nature of risk surrounding cryptocurrencies.
Is ZebPay Safe?ZebPay adopts the highest measures of security so that you can trade cryptos stress-free. The following are the security measures taken by ZebPay:
Also Read: How to Deposit Money in WazirX?
Is WazirX Safe?Keeping your WazirX account and funds safe is always their topmost priority. Moreover, 95% of your funds are securely kept in offline cold storage. The points that are mentioned below are some of the best practices you can follow to keep your account secure:
ZebPay provides its traders with an intuitive mobile application. The app’s design is clutter-free and user-friendly; it does not bother whether you are an experienced player or just a novice. Moreover, with the ZebPay app, you can get started with just INR 100. Below are the steps of how to get started:
Also Read: How to Buy NFTs in India on WazirX?
WazirXWazirX app provides its traders with almost all the website’s features, including spot trading, deposit, withdrawals, WazirX P2P, etc. You can deposit funds using UPI in the WazirX app; however, it frequently changes its deposit methods as WazirX faces problems in INR deposits.
Apart from this, the app can be downloaded through links present on the website and has a simple user interface. It is made available for both Android and iOS devices.
WazirX Mobile Application ZebPay vs WazirX: Customer Support ZebPayIf there is any problem that you are facing regarding ZebPay’s platform, you can reach out to the ZebPay support page, where you will find solutions to any problem. These articles will surely help you out. However, if you do not find an appropriate solution, you may also raise a ticket via your registered email address at help.zebpay.com. In addition to this, you can also mail them at ZebPay’s email id: [email protected].
ZebPay Customer Support WazirXWazirX support can be accessed by simply submitting a request for the problems you are facing and also attaching all the necessary documents explaining your concerns. In addition, there are some WazirX customer care numbers that you can make use of, and those are their toll-free number 1800-309-4499 or 0124-6123101/0124-4189201.
Moreover, you can also use the help center that is present at the bottom of the home page. If there you are unable to find your solution, you can click on the ‘contact us’ button and submit a request.
WazirX Customer SupportAlso Read: 5 Best Bitcoin exchange in India
ZebPay vs WazirX: Pros and Cons Zebpay WazirX ZebPay vs WazirX: ConclusionZebPay and WazirX are both equally comparable in terms of every feature they provide. On one side, WazirX is a better platform for traders who are advanced or new. Also, it offers new traders a facility of STF to start bitcoin investment. Zebpay, on the other hand, has a payment system that is lightning-fast and highly secure. It is also the first crypto exchange in India to have its NFT Marketplace. Hope this ZebPay vs. WazirX review has given you a brief comparison on both the exchange platforms.
ZEBPAY WAZIRX Frequently Asked Questions What is the WazirX brokerage calculator?On most of the cryptocurrency pairs, WazirX charges its users 0.2% trading fees. Further, this is somewhat different from the stockbrokers, who usually collect fees for SEBI charges, Clearing charges, Exchange charges, etc., which results in the need of a brokerage calculator.
How to change the pin on ZebPay?1. Go to the Main Menu and then navigate to Security Center and select Change Pin.
2. To verify your account enter the pin.
3. Then, verify the OTP and set a new pin.
5. Now, your pin has been successfully changed.
No investment in the market is risk-free. However, WazirX is a well-known cryptocurrency exchange platform and thus takes all the precautions to safeguard traders’ funds. But you must know that every type of investment is subject to market risk, especially crypto assets, as currencies are highly volatile.
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