Overview of WazirX
WazirX has emerged as a leading cryptocurrency exchange in India, boasting over 2 million registered users and support for 200+ cryptocurrencies. Its seamless INR pairings and intuitive interface cater to both beginners and experienced traders. Key highlights include:
- Peer-to-peer (P2P) trading with zero platform fees
- WRX token offering reduced trading fees
- Mobile app (4.1/5 rating) for iOS and Android
- Integration with Binance for expanded liquidity
👉 Discover how WazirX compares to top global exchanges
What Is WazirX?
Launched in 2018, WazirX is India’s fastest-growing crypto platform, featuring:
- 0.2% trading fees (reducible via WRX holdings)
- INR direct deposits/withdrawals
- Cold storage for 95% of user assets
- 24/7 customer support via live chat
Core Offerings:
- Spot Trading: 250+ crypto pairs including BTC, ETH, SOL, and MATIC.
- P2P Marketplace: USDT trading with escrow protection.
- Staking: Earn rewards on select assets.
How to Open a WazirX Account
Step-by-Step Registration:
- Sign Up: Email + password (10+ characters recommended).
- Verify Email: Link expires in 15 minutes.
- Enable 2FA: SMS or Google Authenticator.
- Complete KYC: Upload ID proof and selfie (processes in ≤72 hours).
👉 Start trading on WazirX today
Key Features of WazirX
1. Peer-to-Peer Trading
- Zero fees on USDT/INR trades
- Escrow protection for secure transactions
- 24/7 market access
2. WRX Token Benefits
| WRX Held | Trading Fee |
|----------|------------|
| 0–500 | 0.2% |
| >50,000 | 0.1% |
3. Mobile App
- 10M+ downloads
- Trade, deposit, and withdraw on-the-go
4. Referral Program
- 50% fee share for referrals
WazirX Fees Structure
| Type | Fee |
|---------------|--------------------|
| Trading | 0.1%–0.2% |
| Crypto Withdrawal | Varies by asset (e.g., 0.0006 BTC) |
| INR Deposit | ₹100 minimum |
Note: 1% TDS applies to Indian traders under 2022 tax laws.
Security Measures
- 95% funds in cold storage
- 2FA mandatory (SMS/Authenticator)
- Google Authenticator for app transactions
No insurance fund disclosed.
Customer Support
- Phone: 0124-6124101 (9 AM–6 PM IST)
- Live Chat: 24/7 with bot → human escalation
- Social Media: Active on Telegram, Twitter, and LinkedIn
User Reviews
- Trustpilot: 1.8/5 (122 reviews) – mixed feedback on verification delays.
- Google Play: 4.1/5 – praised for UI but criticized for occasional crashes.
Final Verdict: Is WazirX Right for You?
Best For:
✔ Indian traders seeking INR pairs
✔ Beginners needing a simple interface
✔ Users interested in P2P and WRX perks
Limitations:
❌ No fiat withdrawals for international users
❌ Limited advanced trading tools
FAQ
1. Is WazirX regulated in India?
Yes, it complies with Indian crypto regulations.
2. How do I reduce WazirX fees?
Hold WRX tokens to access lower trading fees (as low as 0.1%).
3. Can I withdraw crypto from WazirX?
Yes, but network fees apply (e.g., 0.0006 BTC for Bitcoin).
4. What’s the minimum deposit?
- Crypto: No minimum
- INR: ₹100
5. How does WazirX compare to CoinDCX?
WazirX excels in P2P trading, while CoinDCX offers more altcoins.
Disclaimer: Crypto trading involves risk. Conduct independent research before investing.
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