Introduction of Ethereum on Zebpay
Introduction of Ethereum on Zebpay : Recently Zabpay has introduced Ripple and Litecoin in their Wallet and today in this article, we are going to inform you about the Zabpay‘s new move. Yaa, they has now introduced new cryptocurrency i.e. Ethereum. Now, users can trade in Eth on Zebpay . This means that the users will be able to buy, sell, send and receive Ethereum (ETH) using Zebpay.
What is Ethereum?
As per the official website, “Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.” It worked out as they had envisioned it. Only 3 years after the official launch, it has created a new ecosystem of decentralized applications working with each other in synergy.
A large number of tokens in the top 100 of Coinmarketcap are built using the Ethereum technology. From renting out storage space and computing resources to useless tokens and viral cats on the blockchain, people are using the Ethereum technology for all kinds of things. At the heart of all this lies Ether, which is used as a fuel to run smart contracts on the Ethereum blockchain.
Ethereum was bootstrapped with a presale in 2014 at the price of around Rs 20–30. At its peak, Ether reached an all time high of around Rs 1,00,000 in January 2017. If you had invested in ETH during its presale, you now have more than ~500000% return on that investment in terms of INR.
Make sure you check price, total supply and other stats for ETH on Coinmarketcap before you start trading.
Not able to see Ether (ETH) option?
Don’t Worry, If your are unable to see Ether ETH option, balance or any existing coin, do the following steps to resolve the issue: (follow the above image)
1. Open Zebpay App.
2. Now, open the menu from the left slider by tapping the 3 bars on top left side of the app.
3. Now, Go to the verification screen.
4. Refresh this screen by tapping the refresh icon on top right side of the app.
5. Go to Zebpay (home screen) from the left slider menu.
6. You should now be able to see Ether option.
Receiving Ether: Once you have deposited money and made a buy transaction, ETH will be credited in your wallet on a successful deposit after 100 block confirmations (which is around 25-30 minutes).
What is Minimum and Maximum Ether Deposit Amount?
The minimum ether deposit amount per transaction is 0.0001 Ether. If you send ether less than the minimum amount, ether will not be credited. The maximum ether deposit amount is 3000 Ethers.
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