A cryptocurrency is a digital or virtual currency that uses cryptography. It is difficult to counterfeit because of its security feature.
Looking for investing in bitcoin in India but struggling to find any legitimate exchange. WazirX is a cryptocurrency exchange where you can trade INR, UDT, WZX, BTC pairs with most of the crypto currencies available in the market.
WazirX is a popular India Cryptocurrency exchange app that is used for trading on cryptocurrencies, You can trade currencies both on exchange and P2P market.
Lot of people to keep a good eye on trading and currency market, would know that the valuation of crypto is rising everyday, which is true for all the major crypto currencies, most popular being the Bitcoin.
Crypto exchanges such as WazirX and Coinswitch, in India, have made it easier for ordinary Indian people to enter cryptocurrency market in India, where people can buy crypto quickly and safely.
How to open account on WazirX.
Opening account on WazirX is very easy. Click this link and follow the instruction
What are the charges on WazirX
Wazirx works on a percentage based charged system. It is one of the lowest charging exchange in the world.
WazirX charges a 0.2 percent commission on every transaction, which percent rate is the lowest crypto exchange commission rate worldwide.
However, users should note that they may have to spend money when depositing and withdrawing in the app.
In WazirX, depositing money by bank transfer will cost Rs. 5.9 While withdrawing money from the app costs between Rs. 5 to 10 depending on the method.
WazirX uses a P2P system where buyers are connected to sellers, eliminating the need to book orders. Here, WazirX acts as an escrow and ensures a smooth transfer of funds between the parties involved.
WazirX became the first Indian crypto trading platform which is acquired by an international trading platform. On November 21, 2019, WazirX announced in an email to its users that Binance acquired. It prompted WazirX to bridge the gap between the emerging crypto landscape in India and the developed global crypto world. However, WazirX is still independent of Binance.
WazirX is a crypto exchange in India that exists across many platforms – from browsers to Android, iOS, Windows, and MacOS platforms.
WazirX has a native cryptocurrency named WRX that serves as the backbone for all activities performed on the exchange. WRX cryptocurrency is capped at 1 billion units.
It is a utility token supported by the WazirX ecosystem. We launched WRX tokens to help our community build WazirX and rewarded them for contributing to our success. It helps us stay true to the ethos of cryptocurrency and blockchain.
Best in Class Security
We have left no stone unturned to making WazirX the safest exchange in India. We are investing in security audits to ensure a secure trading platform for India.
The identity verification system processes your KYC with some hours of signing up, ensuring an appropriate KYC protocol. We are building robustness to reduce the verification time drastically.
Lightning Speed Transactions
WazirX handles millions of transactions. Our system infrastructure will grow in a few seconds to meet the demand.
CROSS PLATFORMS PRESENCE
WazirX provides a powerful trading experience across many platforms on the internet, Android, iOS mobile, Windows, and Mac applications.
Simple & Efficient Design
WazirX platform trading is a super-fast experience. We have built the technology used by millions of people, and that experience has helped us create this intense exchange.
Is WazirX safe in India?
WazirX offers regular security audits to ensure a highly secure platform for security. The company claims to make a maximum of 1 billion WRX. The Indian cryptocurrency exchange has decided to offer free 150 million (15%) coins to early adopters and merchants who decide to sign up early.
How does WazirX make money?
The exchange charges are between 0.1% to 0.2% on each trade. But for crypto exchanges in India to be successful and profitable, order penetration and size will be improved.
How to open account on WazirX
You can open account on official website – WazirX.