Wazirx and Zebpay are two of the most popular crypto exchanges in India. However, there are a lot of cryptocurrency exchanges in India, WazirX continued to operate as they met all the regulatory requirements, whereas Zebpay is the oldest and premier crypto exchange started in India.
Zebpay, one of the largest Bitcoin exchanges in India, is still revamping its operations and is more expensive if you are starting a cryptocurrency investment. However, Zebpay is one of the oldest and most trusted exchanges in India.
WazirX, a leading cryptocurrency exchange in India, is teaming up with Binance, the world’s largest crypto exchange by daily trading volume. This new partnership will help spur cryptocurrency development in India and around the world. Wazirx has many trading pairing options that are beneficial for new and professional crypto trading partners and investors.
About WazirX
WazirX was established in Mumbai, India, in 2017. After a few years, however, it was acquired by Binance Holdings, the world’s largest cryptocurrency exchange by trading volume.
WazirX makes it simple and quick to withdraw and deposit INR-based funds. Another notable aspect of WazirX is its user-friendly design, which allows even non-techies to use the marketplace and buy and sell cryptos via a Live Open Order Book mechanism. It also includes graphing tools to aid in the analysis of pricing, trends, and historical data.
The integrated P2P transaction engine with the Fiat Gateway platform of WazirX exchange sets it unique from others.
WazirX’s integrated P2P transaction engine with Binance’s Fiat Gateway technology, which is available on both Android and iOS. Smartphones set it different from other exchanges. Plus, there’s more. WazirX allows you to purchase and trade up to 70 different cryptocurrencies. Withdrawal costs range from Rs 5 to Rs 10 depending on how the money is withdrawn.
About Zebpay
Zebpay, which was created in 2015, is one of the oldest crypto exchange platforms in Singapore. Ahmedabad is the headquarters for the company’s Indian operations. However, due to India’s cryptocurrency restriction, it had to close its Indian activities. Despite this, it returned to the market in 2020 following the Supreme Court’s hearing on the RBI’s crypto ban.
So far, 3 million people have enrolled on the Zebpay cryptocurrency exchange, making it the most trustworthy. The platform’s cutting-edge security features and inexpensive transaction costs make it worthwhile. Users may purchase and sell cryptocurrencies with free trading costs on the Zebpay platform, which is available in 130 countries. Zebpay now accepts six different cryptocurrencies.
WazirX Fees
There are two types of fees charged on any platform: a taker fee and a creator cost. WazirX allows traders to trade on the spot market, the STF market, and the peer-to-peer market. As a result, the fees will vary correspondingly. When it comes to WazirX, the maker and taker fees for the spot market are 0.2 per cent. The fees for P2P market trading are matched against the USD and eight additional currencies: the Euro (EUR), the Indonesian Rupee (IDR), the Indian Rupee (INR), the Nigerian Naira (NGN), the Russian Rouble (RUB), the Suadi Riyal (SAR), the Turkish Lira (TRY), and the Ukrainian Hryvnia (UAH) (UAH).
WazirX, on the other hand, exclusively allows USDT/INR P2P transactions. Fees for P2P transactions are 0%, and there are no minimum purchase or sell orders. You can only make one buy bid at a time. The maximum buy bid you can place is 2000 USDT with a minimum value of 14.5 USDT.
Zebpay Fee
The trading fee is charged immediately after your purchase on the Zebpay exchange. If you have to wait for your purchase to be matched, you will be charged the maker cost as well. On Zebpay, the taker cost is 0.25 per cent and the maker fee is 0.15 per cent. If your buy is closer to market values, however, keep in mind that the taker charge is substantial. Zebpay charges 0.1 per cent intraday fees.
Unlike WazirX, Zebpay charges a membership fee of 0.0001 BTC or the INR equivalent of current BTC pricing. Furthermore, the Zebpay cryptocurrency exchange has a 0% FIAT deposit and withdrawal charge.
The conflict between WazirX and Zebpay is intensifying by the day. With the use of these details, choose one that suits you the best.
Zebpay vs WazirX Comparison
| Particulars | WazirX | Zebpay |
| Started in | 2018 | 2014 |
| Segments | Spot exchange, P2P and STF | Spot trading |
| Cryptocurrency supported | 70+ trading pairs | 15 trading pairs |
| Deposit & Withdraw INR | Yes | Yes |
| Own Coin | WazirX (WRX) | none |
| Wallet | WazirX wallet | Zebpay pooled wallet |
| Trading fees | WazirX | Zebpay |
| Account opening fees | NIL | NIL |
| Maker fees | 0.2% | 0.15% |
| Taker Fees | 0.2% | 0.25% |
| Intraday Fees | N.A. | 0.10% |
| P2P | 0% | N.A. |
| STF (fee on profit) | 25% | N.A. |
| BTC withdrawal fees | 0.0005 BTC | 0.00049 BTC |
| INR withdrawal fees | Not mentioned | Rs. 10 |
| Membership fees | None | 0.0001 BTC or equivalent per month |
| Platforms | Web and Mobile apps | Web and Mobile apps |
WazirX vs Zebpay Charges Comparison
WazirX, unlike Zebpay, allows users to trade in exchange, peer-to-peer, and STF markets. Zebpay offers spot and intraday cryptocurrency trading.
The following are the details of the various fees received by both crypto exchanges:
| Particulars | WazirX Charges | Zebpay Charges |
| Trading Fees (Taker) | 0.2% | 0.25% |
| Trading Fees (Maker) | 0.2% | 0.15% |
| Intraday Fees | N.A. | 0.10% |
| P2P | 0% | N.A. |
| STF (fee on profit) | 25% | N.A. |
| BTC withdrawal fees | 0.0005 BTC | 0.00049 BTC |
| INR withdrawal fees | Not mentioned | Rs. 10 |
| Membership fees | None | 0.0001 BTC or equivalent per month |
Conclusion
We’re excited to announce that WazirX will be partnering with Binance. This partnership is a big step for the continued development of cryptocurrency in India and around the world. With this new relationship, we’ll have increased access to more trading pairs and features than ever before–benefiting both our customers and investors.
If you want detailed information on how best to make investments or trade cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH), contact us today! We can help you start investing now so that your portfolio doesn’t miss out on any potential upside!
For Best Exchange in India WazirX, BuyUCoin, ZebPay,
Best International crypto exchanges Binance or Poloniex
You May Also Like Our post on: Which is the best WazirX Vs CoinDCX in 2021?
