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Saturday, January 22, 2022

WazirX Cryptocurrency Exchange Review: It Is Legit & Secure Exchange

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About WazirX

Launched in 2018, WazirX claims to be India’s fastest growing cryptocurrency exchange with over 400,000 users, with an average app rating of 4.6. This is a part of the Binance ecosystem. WazirX and Binance have launched a $50 Million USD ‘Blockchain For India’ fund. The exchange is available for the global audience, and key features include:

  • Instant INR (fiat) deposit and withdrawal options
  • Smart Token Fund to help crypto investors find expert traders, and let them manage their cryptocurrency portfolio
  • World’s first auto-matching P2P engine with high liquidity
  • 80+ tokens
  • Login via Binance option

WRX is the utility token of WazirX Cryptocurrency. WRX token is based on the Binance blockchain. Its total supply is 1 Billion. The token holders will be rewarded with various benefits on the trading exchange like trading fee discounts, WRX trade mining, token airdrop, margin fee, and more.

WRX and WRX are backed by Indian entrepreneurs with over 10 years of experience in building and scaling global products out of India. The was also acquired by Binance in November 2019. The goal is to make crypto accessible to everyone in India.

Basic Information

ExchangeDetails
Exchange NameWazirX Cryptocurrency
Exchange TypeCryptocurrency
Trading FeeA 0.2%
Withdraw Fee0.0006 BTC
Taker Fee0.20%
Maker Fee0.20% 
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

WazirX Deposits and Withdrawals

WazirX for deposits & withdrawals is very high on the score. There are several deposit methods, and the deposit fees are very reasonable in BTC in tune with the industry average. The optimized app of allows crypto traders to transact on very easily while on the go.

Overall, a rich deposit trading experience for traders on WazirX! You can carry out a WazirX Cryptocurrencywithdrawal too. The fees for withdrawal are quite low compared to other exchanges’ withdrawal fees. For example, the withdrawal fee for one Bitcoin is 0.0005 BTC when processed on.

WazirX Payment & Trading Methods

WazirX accepts a vast range of payment methods, and they are:

  • Bank Transfer
  • Net Banking
  • NEFT/RTGS/IMPS
  • UPI

WazirX Trading Fees

The different types of WazirX Cryptocurrency fees have been elaborated below:

  • The Deposit & Withdrawal Charges – Charges for deposits in case of bank transfers is INR 6.7 while INR 5.9 is levied on NEFT, RTGS, & IMPS transfers. For UPI deposits, charges are insignificant.

The withdrawal fees differ with the crypto asset, which can be checked here. A 50% trading fee discount is offered to traders who use WRX coins to pay, whose value would be halved every consecutive year.

  • Spot Trading Fees – A 0.2% maker/taker fee is levied.
  • P2P Transaction Charges – The charges are nil for a P2P exchange.
  • STF Trading Fees – The skilled trader will earn 25% of the profits for STF trading.

Why Choose WazirX Cryptocurrency

Best In Class Security

We’ve left no stone unturned to make WazirX India’s most secure exchange. We’re investing in regular security audits to ensure a highly secured trading platform for India.

Lighting Speed transactions

WazirX Cryptocurrency can handle Millions of transactions. The system infrastructure can scale up in a few seconds to match surging demand.

Across Platform

The offers a seamless and powerful trading experience across all platforms – on Web, Android & iOS mobile, Windows, and Mac apps.

Simple & Efficient Design

Trading on the platform is a super fast experience you’ll fall in love with! We’ve built technology used by Millions, and that experience has helped us build this powerful exchange.

Built By Blockchain Belivers

We’re a team of hardcore traders & passionate blockchain believers. WazirX Cryptocurrency understand exactly what you need. Powerful graphs, mobile apps, etc are features being built into from day 1.

WazirX Cryptocurrency Exchange Review

6.9

CURRENCY VERITY

6.5/10

REPUTATION

7.0/10

CUSTOMER FEEDBACK

6.5/10

CUSTOMER SUPPORT

8.0/10

DESIGN

6.5/10

Pros

  • Fastest growing cryptocurrency
  • Wide range of crypto tokens supported.
  • Easy-to-use and minimal interface.
  • Free fiat/crypto swaps.

Cons

  • Lacks crypto lending feature.
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