ZebPay is back?

[100bitcoin]

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

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[Bitlover10]

That's good news. It's also take time to get their Indian customers back on the zibpay platform because they leave India when its needed more to support crypto community . Well lets see whats going on next.

[akram143]

Wallet maintenance fee? Looks something new for me.

[avikz]

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

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 was the pioneer crypto exchange in India so if they are planning to come back, that's a great news! Because, another Indian crypto exchange Unocoin is now struggling to survive and they had to fire majority of the employees last year. At this gloomy situation, I don't really know how Zebpay is planning to resume their operations for Indian clients. Let's hope for the best!

[akhjob]

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.

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in 2018, when they closed, they had informed that they would charge fee for the safekeeping of the Crypto which was not withdrawn by the users after the withdrawal deadline.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

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

[teosanru]

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.

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.

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

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.

[chennappa121]

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.

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.

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

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.

[libert19]

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.

[amishmanish]

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.

[bipin444444]

It pleased to see India adopting cryptos.

Happy return Zebpay.

[amishmanish]

It pleased to see India adopting cryptos.

Happy return Zebpay.

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.

[pawanjain]

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.

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.

[Kunnu]

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.

[aashishsharma]

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.

[lordquanta]

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.

[SaShiRaJaVu]

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.

[chunnu39]

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

[suvo05]

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.

[SaShiRaJaVu]

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.

[Greendays]

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.