ZebPay review
ZebPay has been serving Indian buyers longer than almost anyone, and it is the cheapest of the large Indian platforms if you use the right screen.
Registered with the Financial Intelligence Unit India, it charges 0.15 percent maker and 0.25 percent taker on the spot order book. Quick Trade, the one-tap route, starts at 0.5 percent and climbs, which is the familiar convenience premium in Indian dress. The gap is entirely under your control and is the single biggest saving available on the platform.
Funding is straightforward. Rupee deposits are free up to 5,000 rupees and tiered above that, and withdrawals cost a flat 15 rupees. UPI, IMPS and NEFT all work. As on every Indian platform, the 1 percent tax deducted at source applies to nearly every trade on top of whatever the exchange charges.
One quirk worth knowing before you park funds: ZebPay charges a small monthly membership fee on inactive accounts, denominated in bitcoin. It is tiny, but it is a reason to withdraw rather than leave a balance sitting idle, which is what you should be doing anyway.
- Founded
- 2014
- Headquarters
- Ahmedabad, India
- Fees
- Spot trading at 0.15 percent maker and 0.25 percent taker; Quick Trade starts at 0.5 percent. Rupee withdrawals cost a flat 15 rupees.
- KYC
- Required
- Payment methods
- IMPS, NEFT, UPI
- Status
- Operating
How you can pay on ZebPay
Every deposit rail ZebPay supports in at least one market.
As published by ZebPay: UPI, IMPS, NEFT.
Pros and cons
What works
- Spot fees from 0.15 percent maker, the cheapest published rate among the large Indian platforms
- Registered with the Financial Intelligence Unit India, so it sits inside the legal compliance perimeter
- Operating in India since 2014, one of the longest continuous records in the market
- Free rupee deposits up to 5,000 rupees across UPI, IMPS and NEFT
What to watch
- Quick Trade starts at 0.5 percent, several times the spot book, and it is the default path for casual buyers
- A small monthly membership fee applies to inactive accounts, charged in bitcoin
- The 1 percent tax deducted at source applies on top, as it does on every Indian platform
Fees in detail
- maker
- 0.15 percent on the spot order book
- taker
- 0.25 percent on the spot order book
- spread note
- Quick Trade, the one-tap route, starts at 0.5 percent and rises, so it costs several times the spot book for the same bitcoin.
- deposit note
- Rupee deposits are free up to 5,000 rupees and tiered above that, over UPI, IMPS or NEFT.
- withdrawal note
- Rupee withdrawals cost a flat 15 rupees. A small monthly membership fee applies to inactive accounts.
Where we recommend ZebPay
Countries where ZebPay ranks in our local guide. Availability beyond these is possible but unverified by us.
Frequently asked questions
What is the cheapest way to buy on ZebPay?
Use the spot order book, where maker orders cost 0.15 percent and taker orders 0.25 percent. Quick Trade starts at 0.5 percent for the same bitcoin, so the screen you choose matters more than anything else.
Does ZebPay charge a fee just to hold an account?
Yes, a small monthly membership fee applies to inactive accounts, denominated in bitcoin. It is minor, but it is another reason to withdraw holdings to a wallet you control rather than leaving them on the platform.
What is the 1 percent TDS I keep seeing?
It is tax deducted at source under Indian law, applied to nearly every crypto transaction since July 2022. It is collected by the exchange and remitted to the tax authority; it is not a platform fee and it applies wherever you trade in India.
Is ZebPay registered in India?
Yes. ZebPay is registered with the Financial Intelligence Unit India as a reporting entity, which is the registration Indian platforms need to operate lawfully.
Worth comparing
- 4.0CoinDCXIndia's largest exchange by volume, FIU-registered with free UPI funding, and the one that absorbed a 44 million dollar breach rather than passing it to customers.
- 3.9CoinSwitchBeginner-focused Indian app, FIU-registered with free UPI deposits, priced well above the platforms that run a real order book.