In this Paybito Vs Zebpay and Unocoin comparison, we are going to speak about the three popular Crypto exchanges on the Indian market. Here, you’ll know about what services they provide, what they are and how you can use them.
As this is a review, you are also going to know which exchange is better for amateur traders. Before we begin discussing Paybito Vs Zebpay and Unocoin, let’s take a quick glance at what these exchanges are. Let’s begin with Paybito.
Paybito refers to a cryptocurrency and bitcoin exchange trading platform for various cryptocurrencies highlighting Bitcoin, Ether, Bitcoin cash, Litecoin, HCX, Ripple, ECR20 and many more. This platform enables purchases in INR, USD and also supports cryptocurrency trading pairs.
Paybito provides hassle-free trading of cryptocurrency because the prices on the order book reveal the same.
Whenever you place an order, Paybito charges a trading fee. This trading fee usually happens to be a percentage of the trade value order. Various exchanges distinguish between takers and makers. Takers refer to those who take an order from the order book.
Paybito charges a fee of 0.1% for each cryptocurrency sale or purchase. This fee goes down to 0.075% for makers paid by HCX. Paybito also offers trading pairs. This means it also offers exchange rates.
PayBito charges flat fees, indicating that both takers and makers pay the same fee: 0.1%. These taker charges are completely in line among the industry average for centralized exchanges. The average has been approximately 0.20-0.25% historically, but we now recognize new industry standards being approximately 0.10%-0.15%.
When it comes to liquidity, avg liquidity of Paybito exchange is as low as zero which makes trading effortless and also predictable to some extent. With less fluctuations and more predictability, trading is hassle-free on Paybito.
Variety of assets
PayBito possess an outstanding portfolio of digital assets including Bitcoin (BTC), Ethereum (ETH), HCX, Bitcoin Cash (BCH), Litecoin (LTC), Ethereum Classic (ETC), Ripple (XRP), Chainlink (LINK), EOS, Basic Attention Token (BAT) and many more.
Being one of the popular cryptocurrency exchanges in India since 2013, Zebpay is a platform to buy and sell cryptocurrency and digital assets. Also, two-third of the cryptocurrency investors in India bought their initial Bitcoin from Zebpay.
Zebpay does not come with an order book like Paybito. Instead, it focuses on live prices for buying and selling which is quite different from Paybito.
Which one should you use?
If you are an amateur trader and are looking forward to exploring the industry and its prices, it is better to start with Paybito as beginners don’t do well with market predictions.
Earlier, Zebpay used to charge a fee of 0.25% for takers and 0.20% for makers. This stayed in line with the industry standards that was around 0.25% per order. But, today, Zebpay does not charge anything, no matter which cryptocurrency you trade. However, for corporate and trust funds the fee is 0.4%.
When it comes to average liquidity, Zebpay stands at 183. This indicates a substantial liquidity slippage in this exchange platform which is quite more unlike Paybito.
Variety of assets
Zebpay comes with a range of assets, however they are only limited to Bitcoin, Ether, BAT, Tether, Litecoin, EOS, and Bitcoin Cash unlike Paybito packed with the largest variety of digital assets among all the Indian crypto exchanges.
Unocoin is one of the most popular Indian cryptocurrency exchange portals where users can buy and sell digital assets namely Bitcoin, Tether and Ether. It is one of the trusted Indian platforms for digital currency.
Unlike Paybito, Unocoin comes with a calculator that helps you calculate the prices when you begin trading. However, for beginners, it might turn out to be a complex job until they become a professional. To start with, Paybito comes with an easy dashboard and order book for you to predict the market and do transactions.
The trading fee for makers range from 0.5 – 0.7%, i.e for mariners it is 0.4% and 0.6% for takers.
Which is ideal?
When considering beginners, Paybito is beneficial as its trading fee is as low as 0.1%.
Taking a look at the prices in the platform, you can see that there is a fair amount of liquidity slippage unlike Paybito which is 0%.
Variety of Assets
Unlike Paybito, Unocoin has a limited variety of assets. Their primary trading assets include Bitcoin, Ether and Tether.