ZebPay is India's oldest cryptocurrency exchange, founded in 2014 and operating with FIU-IND registration as a Virtual Asset Service Provider. One of India's original Bitcoin exchanges, ZebPay has survived through multiple regulatory cycles — including a 2018 RBI banking ban that forced it to temporarily suspend operations — and re-emerged as a multi-country platform with operations in India, Australia, and Singapore, offering INR fiat support, crypto lending, and yield products.
About ZebPay
Founded in 2014 in Ahmedabad, ZebPay was one of India's first mobile-first Bitcoin exchanges, gaining popularity among early Indian adopters through its simple SMS-based interface. The exchange navigated India's challenging regulatory history, including the RBI's 2018 circular that prohibited banks from providing services to crypto businesses — forcing ZebPay to relocate to Malta and suspend Indian operations temporarily. Following the Supreme Court's 2020 reversal of the RBI ban, ZebPay resumed Indian operations and has since expanded internationally.
Key Facts
| Item | Details |
|---|---|
| Founded | 2014 |
| HQ | India (Ahmedabad/Mumbai) |
| Regulation | FIU-IND registered (VASP) |
| Listed Coins | 100+ |
| Fiat | INR, AUD, SGD |
| Trading Fee | 0.15% maker / 0.25% taker |
| Markets | India, Australia, Singapore |
| Products | Trading, lending, yield |
Key Features
10-Year Indian Market History
ZebPay's decade-plus operating history makes it the most experienced exchange in India, having survived the 2018 RBI banking ban, multiple bear markets, and India's 2022 tax changes. This resilience track record provides institutional credibility that newer Indian exchanges cannot match.
Crypto Lending & Yield
ZebPay offers crypto lending and yield products, allowing users to earn interest on held Bitcoin and other assets. These yield products differentiate ZebPay from pure spot trading competitors in the Indian market.
Multi-Country Operations
ZebPay's expansion to Australia and Singapore — with AUD and SGD fiat support in respective markets — makes it one of the few Indian-origin exchanges to establish regulated multi-jurisdiction international operations.
Fee Structure
| Service | Fee |
|---|---|
| Maker fee | 0.15% |
| Taker fee | 0.25% |
| INR deposit | Free (UPI/bank transfer) |
| Crypto withdrawal | Network fee |
Pros & Cons
Pros
- India's oldest exchange (since 2014)
- FIU-IND registered
- Multi-country: India, Australia, Singapore
- Crypto lending and yield products
- Proven regulatory resilience
Cons
- Smaller coin selection than CoinDCX (100+ vs 500+)
- History of temporary shutdowns due to regulation
- Less market share than CoinDCX today
- India's crypto tax environment reduces returns
Summary
ZebPay is India's most experienced crypto exchange, bringing a decade of regulatory navigation, multi-country expansion, and product diversification into lending and yield. For Indian investors who value a proven operator with an established track record over market-leading coin breadth, ZebPay is a solid regulated choice — though CoinDCX's larger coin selection and user base make it the volume leader for most Indian retail investors.