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September 16, 2022

Everything You Need To Know About WazirX

WazirX is the largest cryptocurrency exchange in India. In this WazirX review, we will cover how Indians can easily trade crypto and manage their portfolios.
Marko Kulundžić
Marko Kulundžić

WazirX is a cryptocurrency exchange that allows you to buy, sell, and trade digital currencies. It was founded in 2018 by Nischal Shetty and Siddharth Menon. WazirX is based in Mumbai, India.

The company has raised $3 million in funding from investors like Fenbushi Capital, Bain Capital Ventures, and Coinbase Ventures.

It enables you to trade in 244 digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and more. The exchange has a friendly user interface that is suitable for both beginners and experienced traders.

WazirX also has a mobile app that allows you to purchase bitcoin and other crypto assets on the go. The app is available for both Android and iOS devices.

In 2019, the WazirX exchange was acquired by Binance, one of the largest cryptocurrency exchanges in the world. This has helped to legitimize the exchange and its operations further. 

WazirX homepage

However, due to a few negative reviews, most new users have doubts if the WazirX account is safe or not. This article will cover all about this crypto trading platform and its legitimacy. So, let's get in:

WazirX Review

WazirX is a crypto exchange that was launched in India in 2018. The exchange is owned and operated by the company Binance, one of the largest cryptocurrency exchanges in the world. 

This platform allows users to buy, sell, and trade a variety of digital assets, offering a wide range of features and services, such as a mobile app, margin trading, and more.

It is one of the most popular crypto exchanges based in India. The exchange is composed of a beginner-friendly user interface and is very easy to use especially for new traders. It also offers a variety of features and services, such as margin trading and a mobile app with lower WazirX trading fees.

Moreover, it comes with multiple payment methods, allowing the user to scan the destination address for cryptocurrencies. Overall, WazirX is a great choice for those looking for secure crypto exchanges that offer a variety of crypto assets and smart token funds.

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Features Of WazirX Account

WazirX offers a variety of features that make it an ideal choice for those looking for a reliable and user-friendly cryptocurrency trading platform. Let's break down a few of them:

SAAS Trading Platform

WazirX is a SaaS platform that enables businesses to exchange digital assets securely and conveniently. It offers a simple and convenient user interface on the website and the WazirX app, which makes it easy for businesses to trade cryptocurrencies without having to worry about the complex technical aspects of the underlying technology, unlike other exchanges.

The mobile apps offer almost all the features that are available on the web platform. This exchange is enabled with multilingual support. With WazirX, you can easily buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more.

Advanced Trading Tools

Advanced trading tools are important for several reasons. They can help users make more informed decisions, minimize risk and maximize returns. As the crypto market continues to mature, traders are demanding more advanced tools to take their trading to the next level.

At WazirX crypto exchange, you will receive advanced tools that provide users with an edge in the Indian market. The tools help users track prices, identify trends and make better-informed trading decisions. Some of the trading tools available on WazirX include a price tracker, trend analyzer, portfolio manager, and trading stimulator. 

Tools like these are valuable for several reasons. They can help users make more informed decisions, minimize risk and maximize returns. 

Speedy Transactions

When it comes to cryptocurrency trading, speed is of the utmost importance. That's why WazirX has built its crypto exchange platform with advanced tools that allow users to buy and sell cryptocurrencies quickly and easily.

One of the most important things for traders is to be able to react quickly to changes in the market. With WazirX, they can do just that. The platform's tools allow users to place orders quickly and easily, without having to worry about the complex technical aspects of the process.

Cross Platform Support

Cross-platform support is an essential part of the WazirX Crypto Exchange experience. By offering users the ability to trade on the platform of their choice, WazirX helps to ensure that users have the best possible experience. Cross-platform support also provides greater liquidity and price discovery. 

Cross-platform support is a key feature of any successful cryptocurrency exchange. WazirX Crypto Exchange offers users the ability to trade across multiple platforms, including Windows, macOS, Linux, and Android. This allows users to take advantage of the best prices and liquidity available on each platform.

Referral Program

If you're looking for a way to earn some extra income, consider signing up for the WazirX Exchange Referral Program. By referring others to trade on the WazirX crypto exchange, you can earn 50% of their trading fees as commission. That's right - simply by sharing your referral code with others, you can start earning commissions on every trade they make.

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How To Trade On WazirX?

Trading on the WazirX platform is the easiest task every cryptocurrency enthusiast could ever do. First of all, you will need to open an account. To create a WazirX account, head over to the website and start registering with the help of a valid and active email. Now set a strong password. 

WazirX Sign up

Crypto traders will now need to click on the verification link received on the email to verify their identity and then hit the checkbox in front of "I agree to the terms and conditions."

The next step is regarding KYC completion. Users will need to submit the images of the ID card approved by the government and a few essential details. 

Now for the identity verification, you would require to upload a selfie and then enter the bank account number. Once your KYC is approved by the WazirX platform, enter the rest of the bank account details. You can deposit money or fiat currency either in a WazirX wallet or in the Indian rupee. 

Once the bank account is connected you can easily deposit fees since the deposit methods are quite easy. Now your WazirX account is ready and you are all set to start trading on the platform.

Fees On Wazir Exchange Platform

Market fees

Transaction Fees

The transaction fee on WazirX is 0.1%. This means that for every trade you make, you will be charged a fee of 0.1% of the total value of the trade. For example, if you buy 1 BTC worth of ETH, you will be charged a fee of 0.1% * 1 BTC = 0.0001 BTC.

Trading Fees

WazirX has a trading fee of 0.2% for both makers and takers. This is one of the lowest fees with high trading volume in the industry, making WazirX an attractive cryptocurrency exchange for crypto traders looking to minimize their costs. There is also a discount available for users who hold WRX tokens, with the fee dropping to 0.

If you're looking for an exchange with low fees, then WazirX is a perfect choice. With 0.0005 BTC WazirX withdrawal fees, 0.2% trading fee, and 0.1% transaction fee, you can trade or withdraw funds frequently without having to worry about high fees eating into your profits. 

Is WazirX Legit?

The trading system of WazirX is ranked 44th out of all other exchanges. Moreover, its account security score also has the highest ratings in India. It is one of the crypto exchanges that make sure that everything is protected from bank account verification to credit card deposits.

The number of positive reviews present on the WazirX website and application ensures that the crypto transactions on this exchange are secured and encrypted. 

As a result, there aren't any serious security threats or negative reviews since it has been taken quite seriously and the WazirX team carries out the security audits at regular intervals. 

Besides that, the ordering book and trading volume, including fiat currency exchanges, are above average so WazirX users can safely make their INR transactions. 

Shortly, the WazirX website can be trusted and has the gold standard when it comes to security. Not only the website, but the transactions on the WazirX app also have the verification shield supported by Google authenticator.

Final Words

WazirX is a good exchange platform because it has a convenient user interface, low trading fees, and easy deposit methods. It also offers a variety of features that make it a great choice for those looking to trade cryptocurrencies.

Additionally, the team behind WazirX is highly experienced and dedicated to providing the best possible experience for its users. It also understands the security concerns of cryptocurrency traders and therefore provides account security through google authenticator.

Frequently Asked Questions

Is WazirX Trusted In India?

WazirX is one of the most trusted cryptocurrency exchanges in India. With over 15 million registered users, WazirX is the go-to exchange for many Indian crypto enthusiasts.
WazirX is known for its user-friendly interface and intuitive design. The exchange makes it easy for newcomers to buy and sell cryptocurrencies.

Does WazirX charge 25% On Profit?

WazirX charges 25% on profit for STF trading. This is to cover the costs of running the exchange and to ensure that our users have a positive experience. WazirX charges this fee is fair and reasonable, and it helps us keep the lights on so that we can continue to provide a great service.

Which Is Better: WazirX or Coinbase?

If you're looking for an easy-to-use cryptocurrency exchange, Coinbase is a great option. It's one of the most popular exchanges in the world and offers a simple interface that makes buying, selling, and managing your portfolio easy.
WazirX is another popular option, especially for investors in India. It offers a few extra features that Coinbase doesn't, including P2P trading, an NFT marketplace, and Smart Token Funds.
So, which exchange is better? It depends on your needs. If you're looking for a simple platform to buy and sell cryptocurrencies, Coinbase is a great option. However, if you're interested in extra features like P2P trading or an NFT marketplace at lower trading fees, WazirX is the better choice.

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FREECASH STATISTICS

$
5000
Total USD earned on Freecash
$
0
Average money earned 
by users yesterday
0h 17m 16s
Average time until user 
makes first cashout

EASY TO GET STARTED AND
EARN TODAY

  • Sign up on Freecash
    There is over 10,000,000 website visitors every month and over 14000 five start ratings on Trustpilot. People from all over the world trust Freecash.
  • Choose an offer
    In order to start earning money for free, you need to go to the “Earn” page. On the earn page you will have plenty of tasks that you can complete. Choose your desired one.
  • Read task description and complete the task
    Now you can read the task description and go through every step one by one. When every required step is completed you will get credited your payment for this task.
  • Cashout the money
    When having enough coins you can go to "Cashout". Here you can choose from many methods to convert your coins to Cash, Gift cards, Bitcoin & more that you can use right away.
See how it works
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FREQUENTLY ASKED QUESTIONS
It is easily possible to earn more than $100 per month on Freecash, some users even reach $1000+ each month. You can check out the Leaderboard to see how much the most active Freecash users earn.
Freecash.com works together with companies that want to advertise their apps, surveys and products.

A task could be: Download an app and reach level 5 within 2 days to earn 4000 coins.

To get started choose an offer or survey. We can recommend the featured offers at the top of the Earn page. These tasks are very simple and many people have already successfully completed them in the past.

After you have completed a task you will get coins. 1000 coins equal $1.00. You can cashout the coins for PayPal, VISA cards, Bitcoin, CS:GO Skins, Amazon gift cards and multiple other types of gift cards.
Freecash.com has a live support that is always online. Our team is working 24/7 and you can contact us any time at the top of the chat. If you request a withdrawal, it will most likely get approved in less than 2 minutes.
Freecash has over 15,000 5 Star Trustpilot reviews and over 5.000.000 registered users from all over the world.

Users cash out over tens of thousands of dollars every single day.