What ZebPay is
Launched in 2014, ZebPay is India's oldest cryptocurrency exchange and one of the most used, with millions of registered users and both crypto-INR and crypto-crypto pairs. Its history mirrors that of Indian regulation: it suspended domestic operations in 2018, after the central bank (RBI) circular barring banks from serving crypto companies, and resumed them when India's Supreme Court struck down that ban in March 2020. Every user is KYC-verified with a linked bank account. In October 2025 it marked 11 years with a rebrand and in January 2026 it launched Bitcoin systematic investment plans (SIPs), betting on disciplined periodic investing. (Verified: September 2026)
Regulation and licences
- MiCA: NOT applicable — ZebPay does not operate in the European Union and is not an authorised CASP: it is not an EU-regulated option. (Verified: September 2026)
- India: registered as a reporting entity with FIU-IND (Financial Intelligence Unit - India) under the PMLA, India's anti-money-laundering law — a mandatory requirement for exchanges operating legally in the country (49 platforms registered as at early 2026). (Verified: September 2026)
- Indian tax context: crypto capital gains taxed at 30% plus a 1% TDS on transactions — a regime that since 2022 has shifted part of Indian volumes abroad; the rates are set by the annual budget law and can change.
Security
- ZebPay states that custody is predominantly in cold storage with user funds held separately; there are no publicly known breaches of customer funds in its history — unlike its compatriot WazirX, hit in 2024 by a serious theft.
- The crypto lending/yield feature, with stated returns between 3% and 12%, involves locking coins with the platform: it should be treated as a counterparty-risk product, not as a guaranteed deposit. Availability and the rates actually applied can change over time.
Alternatives
- WazirX — the other big Indian name, marked by the 2024 theft
- Binance — the global leader, out of the EU since July 2026 but active in India
- Kraken — for those looking instead for an operator with a MiCA licence valid in the EU
FAQ
- Can I use ZebPay from the EU? ZebPay is built for the Indian market (KYC with an Indian bank account, rupee pairs) and is not a MiCA-authorised CASP: it is not an EU-regulated option. (Verified: September 2026)
- Is ZebPay legal in India? Yes: it is registered with FIU-IND as a reporting entity under Indian anti-money-laundering rules, a necessary condition to operate legally in the country. (Verified: September 2026)
Verified sources
- https://www.exchange4media.com/people-movement-news/rahul-pagidipati-returns-as-zebpay-ceo
- https://mediabrief.com/rahul-pagidipati-returns-as-ceo-of-zebpay/
- https://medium.com/coinmonks/top-10-fiu-registered-crypto-exchanges-in-india-2026-guide-11
- https://zebpay.com/in/blog/top-10-crypto-exchanges-in-india-for-2026
TEAM MEMBERS
LEADERSHIP
HQ OF ZEBPAY
Kataria Arcade, Off, Sarkhej - Gandhinagar Hwy, nr. Adani Vidya Mandir, Makarba, Ahmedabad, Gujarat 380051, India
CONTACTS OF THE ZEBPAY
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