Author: Jagdish Kumar, India
After the announcement of Zebpay stopping operations, Bitbns has come out to the rescue of Zebpay users with zero fee.
The crypto exchange in a statement said, ” We at Bitbns, understand the plight of hundreds of thousands of cryptocurrency holders and traders in this unfortunate hour, and that is why we are here to help Zebpay users migrate their funds to Bitbns.”
“Today is a bad day for the Indian crypto industry and traders across India, as Zebpay, one of the biggest cryptocurrency exchanges in India, is shutting down its exchange business. From now on, Zebpay will offer its wallet service only,” Bitbns statement added.
The exchange also said that all the fee collected on crypto withdrawals from Zebpay will be waived off by Bitbns for selected tokens. Offer lasts indefinitely.
However, the Zebpay users will must keep the entire migrated amount in Bitbns wallet for at least a week, or engage it in trading activities on Bitbns to receive the withdrawal fee refund.
Bitbns also said that zero fee is applicable for all deposits from 28th September 2018 on each coin it support.
To claim the withdrawal fee refund, post the screenshot of the transaction and write the Transaction ID (also called Hash ID) in the post description, along with this mandatory hash tag.
Zebpay users have to first register with Bitbns and follow steps given by the exchange to complete the migration.
Bitbns was one of the first crypto exchanges that have launched peer to peer (P2P) service allowing crypto trading even after the ban came into force from 5 July 2018.
The exchange currently offers 61 digital assets with a daily trading capitalization of close to $2 million, according to CoinMarketCap.com.
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