Pros & Cons
What is WazirX?
WazirX is a secure and user-friendly cryptocurrency exchange platform based in India that allows users to buy, sell, and trade digital assets. It also provides users with access to a wide range of trading tools and features to help them make informed decisions. The platform is designed to make trading convenient, secure, and fast.
WazirX Features Overview
Here is an overview of the most popular features offered by WazirX:
1. WazirX Spot Trading: The WazirX spot trading exchange allows users to buy and sell digital assets at the best available market prices. This feature is powered by their advanced matching engine and provides users with a seamless trading experience. The main base pair is INR, but you can also trade with USDT, WRX, or BTC.
2. WazirX P2P Trading: WazirX P2P trading allows users to buy and sell digital assets directly from each other without a middleman. This feature allows users to buy and sell digital assets in a secure and fast manner. The website claims P2P buying/selling is free (zero fees), safe, and “the world’s first auto-matching P2P engine.”
3. WazirX Token: WazirX Token (WRX) is the native token of the platform. WRX token holders can enjoy a variety of benefits such as discounted trading fees, access to exclusive events, and more.
4. WazirX Referral Program: WazirX Referral Program allows users to earn rewards by referring their friends to the platform. The rewards include WRX tokens and cashback.
These are some of the most popular features offered by WazirX. With its advanced security measures, user-friendly interface, and wide range of features, WazirX is one of the best cryptocurrency exchanges in India.
WazirX Mobile App
WazirX has a mobile trading app for iOS and Android that you can download for free to start trading crypto.
WazirX Token Price (WRX Price)
WRX to INR Chart (WazirX To INR)
If you’re looking for a WRX to INR conversion, here you go:
Can US Citizens Use WazirX?
No, WazirX is not available to US-investors. In addition, WazirX is not available to investors from certain geographic regions, including the United Kingdom, the United States, Hong Kong, and Japan.
WazirX Trading Fees
When it comes to fees, WazirX offers competitive rates. Withdrawal fees depend on the cryptocurrency being withdrawn and are generally quite low and there’s typically a minimum withdrawal amount. Some coins, like Cardano, are free to withdraw.
Ethereum, for example, costs .002 ETH to withdraw with a minimum withdrawal amount of .004 ETH and a maximum withdrawal amount of 15 Ethereum per transaction.
Maker and taker fees are also very competitive. Maker fees are 0.2%, and taker fees are 0.2%.
These fees are well below the industry average and make WazirX an attractive option for traders.
WazirX also offers discounts for users who hold the WRX token on a sliding scale. These users can enjoy discounts of up to 25% on trading fees depending on how much they are holding.
Here’s the WRX trading fee discount rates:
Overall, WazirX is a great option for traders looking for a user-friendly platform with low fees.
How To Sign Up For WazirX
- Visit www.wazirx.com or download the WazirX mobile app
- Click “Sign Up” in the top right of the screen
- Enter your email address and create a secure password and enter a referral code (optional)
- Verify your email address 5. Enable 2-factor authentication for security (recommended)
- Enter your personal information (name, mobile number, PAN, etc.)
- Upload your PAN card, Aadhar card, and other required KYC documents - you’ll need to do this to deposit INR or crypto
- Verify your identity and select your country
- Deposit INR or crypto and start trading on WazirX
WazirX Review - Is this Crypto Exchange right for you?
Overall WazirX is a solid crypto trading exchange with a ton of features, competitive fees, and solid trading tools for beginner to advanced traders.
They have a wide range of crypto assets to trade and a user friendly platform and make it easy to sign up and start trading.
We recommend WazirX especially if you’re located in India.