Got email from zebpay and now they have increased the minimum amount to deposit from 1000 to 5000 INR.
Although one can buy btc for 1000 INR also but if he still have to deposit minimum 5k INR.Ridiculous.
Zebpay will kill itself.
Yes that's is right that if you can buy for 1000 then why should I deposit 5000? Also I am not sure what is the withdraw limit? Then people will withdraw those 4000 and it will be more work for those guys only as they have to process 4000 unnecessarily .
Good point.I think the minimum withdrawal limit is still 500 INR so those who want to buy btc for less than 5k INR,will deposit 5k and after buying btc of their desired amount,they will withdraw the remaining amount.But Zebpay will get fee again for withdrawing thier money.
In a way this will help them to be more focus on higher transaction deals rather than small ones.
That will make difficult for a common man to buy bts because now they need 5k INR even for buying 1k worth of btc