Friday, April 27, 2018

How to Transfer Bitcoin from Zebpay to Koinex?

Zebpay is the most popular Bitcoin exchange in India. Secure, very reputed and highly reliable.

However, in recent times, the big difference in its buying and selling price has become a matter of frustration for many. For the traders, in particular, who cannot leverage market volatility to buy sell Bitcoin and cut a decent profit, all thanks to big spread on Zebpay.

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How to transfer Bitcoin from Zebpay to Koinex?
At the same time, another Indian Bitcoin exchange has emerged on the scene, already becoming a darling, is Koinex.

Not only Koinex has a rather small difference in its buying and selling price (even with its 0.25 transaction fee), it also offers few other Cryptocurrencies, including Litecoin, Ethereum, Ripple and Bitcoin Cash.

Now as it stands…

More and more people are looking to transfer from Zebpay to Koinex. More and more of them want to transfer Bitcoin from Zebpay to Koinex.

Thankfully, the Zebpay to Koinex process is fairly easy (just 3 steps, really). And it doesn’t even take too much of time.

If you too want to transfer your Bitcoin between these exchanges, for whatever reason, follow the below steps.

NOTE: Zebpay has updated its app (Zebpay 2.0). This guide has been updated accordingly!

Also read: Zebpay and Koinex Review + 13 Indian Bitcoin Exchanges

3 (Simple) Steps to Transfer From Zebpay To Koinex


Step 1: Get Your Koinex Wallet Address

To transfer your Bitcoin to Koinex, you need a Koinex account in the first place. (Duh!)

So if you haven’t already signed up on this exchange, do that now. REGISTER ON KOINEX.

Given the high rush these days, the KYC verification can take anywhere between 2 to 5 days. So have patience.

(Note: Even when your KYC isn’t verified, you can still transfer your Bitcoin to your Koinex account. However, you won’t be able to sell it and withdraw the money in your bank account. For this reason, we advise that you should get verified first then make the transfer. Imagine you already have transferred your Bitcoin and some problem emerges in your KYC verification, you don’t want to get stuck with this!)

Once you have a fully-functional Koinex account, login. You will see your dashboard. Click on the “Balances” tab at the top of the menu bar.
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Koinex Dashboard- Transfer from Zebpay to Koinex
Right under the ‘Koin Wallet’, click on the ‘Deposit’ option of Bitcoin. (Be careful to pick ‘BITCOIN’. Because that’s what you’re transferring. A mistake in choosing your token can create all sorts of problems.)
zebpay, zebpay-to-koinex, transfer-from-zebpay-to-koinex, transfer-bitcoin-from-zebpay-to-koinex
How to transfer from Zebpay to Koinex
You will get a popup. There you will find your secure wallet address. You will see both your address (in the gibberish text), as well as your QR code. 
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Transfer Bitcoin From Koinex
Leave this window open. Go to step 2.

Step 2: “Send” Bitcoin from Zebpay

Enter your Zebpay app. Click on the ‘Send’ tab.
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Transfer Bitcoin from Zebpay to Koinex
You will be on the page ‘Send Receive Bitcoin’. There will be three different icons on the page. Make sure you have selected the middle option—the option to ‘Send to Bitcoin Address’.

At the lower bottom of the page, you will see a circular icon of Bitcoin sign. Click on that.
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Transfer Bitcoin from Zebpay to Koinex
Now you will be taken to the page where you have to provide the new Bitcoin address where you want to transfer your Bitcoin. You can either type your Koinex wallet address or you can even scan the QR code from the window we have left open in step 1.
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Transfer Bitcoin from Zebpay to Koinex
Once you have provided the New Bitcoin wallet address, you will be asked how many Bitcoin you want to transfer. You likely want to ‘Send All’, so select ‘Send All’. 
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Transfer Bitcoin From Zebpay in Koinex
You can even write a note for the receiver. Just click on that pencil icon.

After everything is set, confirm your transaction by providing 4-digit PIN.
zebpay, zebpay-to-koinex, transfer-from-zebpay-to-koinex, transfer-bitcoin-from-zebpay-to-koinex
Transfer Bitcoin From Zebpay in Koinex
Note: Zebpay will charge you 0.0005 Bitcoin as transaction fees.

Step 3: Wait….

The transfer from Zebpay to Koinex can take anywhere between 20-minutes to 1 hour. During rush hours, it can even take 4-hours. So, relax.

Also, you might see zero balance (and zero Bitcoin) in your Zebpay account already, but the transfer isn’t reflecting in your Koinex account. This delay is common. It takes a bit of time. Don’t worry.

Your Koinex wallet will soon show your transferred amount. Give it at least one hour. If you find any problem, you can always contact Koinex customer care. (But don’t expect a prompt response.)

That’s it!!!!

You have just successfully completed the process of Zebpay to Koinex Bitcoin Transfer. Congratulations.

Side Note: Unless you are planning to trade, Zebpay is a decent option. It’s highly secured. If you have invested in Bitcoin for long-term, there aren’t too many reasons why you should transfer your Bitcoin from Zebpay to Koinex, Unocoin, BuyUcoin, Coinbase, Btcxindia, Coinsecure or any other exchange for that matter.

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