Review on Zebpay by Fanuel PORPORTY
Zebpay - Crypto wallet
Zebpay wallet is a product of Zebpay, a crypto company that has been in the business since 2014. Prior to this, the company existed under the name BuySellBitcoin, which had been founded in 2012 by Mahin Gupta. When it rebranded to Zebpay, two more partners joined, Sandeep Goenka and Saurabh Aggarwal.
It is primarily an exchange and trading platform which offers crypto storage facilities. Initially, it focused on the Indian market where at one point it had a 60% market share. But with time, it has expanded to gain global footing.
Currently, the platform has its headquarters in Singapore and operates in over 132 countries. Though it is not a regulated platform, it seeks to comply with Know Your Customer (KYC) requirement, requiring identity verification for all its users.
Pros
- Lightning network payments
- Convenient use on mobile app
- Versatile platform with exchange and trading features
Cons
- As a hot wallet, it is vulnerable to online malicious attacks
- Not regulated
- Lengthy user identity verification process
- Digital asset variety still limited
- Private key Zebpay wallet stored by service provider
