WazirX
0.00
Pros
- Smooth Performance
- Features and options
- Various Charting options
- Fast deposit and Withdrawal
- Secure app
Cons
- Limited Deposit Options
- During busy hours it lags too much
WazirX Review : WazirX has suffered many setbacks since its launch in 2018. Indian financial regulator RBI has announced a cryptocurrency ban and ordered all operations for all cryptocurrency exchanges to be suspended within three months. This seems to be the end of all crypto-related platforms emerging in India, one of which is WazirX. The company responded quickly to the Indian government to ensure blockchain technology became popular in the country. To find out what makes WazirX the most trusted cryptocurrency exchange, read the full review and start making your own cryptocurrency bets today.
What is WazirX?
Wazirx is India’s largest cryptocurrency exchange, with a valuation of $2 trillion on the world market. It offers over a billion Indians a solution to take part in the crypto race and invests in over 4,000 cryptocurrencies online. The website was launched in 2018 and has gained over two million subscribers across India in a record time of three years.
However, they still need some extraordinary advantages to stand out from the competition. This prompted WazirX to introduce the world’s first automated mapping system that works for crypto transactions, which was later called P2P by the WazirX platform. Given the beer market in India, the success of the WazirX P2P system has been phenomenal and prompted other companies to adopt this strategy.
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Surprisingly, the platform has crossed 100 crores peer-to-peer trades with an astonishing 50% monthly growth. As the goal for WazirX hit, the platform typically greeted all its users in the Indian way with a “Namaste Tribe” message as a proud announcement.
WazirX Review
Cryptocurrencies are creating opportunities for everyone to generate passive income. However, to generate good passive income, we have to take steps wiser. One step is choosing a perfect app for all our work and needs. There are many reasons that WazirX become the one of the most successful cryptocurrency trading app in India, but our picks are here in this WazirX Review.
App UI and UX
WazirX works on the app’s user interface based on customer feedback, making the design easy to understand even for beginners. With short creative sessions, they develop solutions and introduce custom modules to better understand goals and meet user needs.
The Open Sans font was chosen as the generic face to offer users a natural yet comfortable device with excellent readability for trouble-free data processing. They also added illustrations that follow the brand colors to convey a visual image and better spread the blockchain and leading cryptocurrency revolution.
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Working
One of the many reasons WazirX is so popular among traders and investors is that they are often held in low-risk hands. Cryptocurrency exchanges work with pairs of highly liquid assets (such as the US dollar) for trading purposes while having equally secure assets (such as the euro or the Japanese yen) at their disposal.
Because this market structure exists, you do not need to physically own this asset. This feature makes WazirX something very attractive to investors and traders, both small and large. In addition, WazirX is considered being one of the first and only fully regulated, fully functional, and legitimate online trading centers.
Security
All cryptocurrencies listed on WazirX are subject to the same discipline and trading policies that apply to all registered exchanges on a global scale. The sole exception to this policy is that the user must go through a KYC process to execute trades for deposit and withdrawal of funds.
WazirX also offers flexibility in the types of currencies allowed for long-term trading, as well as newbies, the maximum margins for each currency pair. Plus, all currencies are allowed for trading, with no restrictions on pairing one currency with another. This enables you to have freedom in choosing which coins you wish to trade, and it also makes the risk assessments much more accurate.
Customer Support
If you run into any trouble with the app, you can always reach the support staff of the platform through which you can easily report any problem. The support staff is available round the clock through which you can exchange any problem with them.
In addition, you can also get help with the different kinds of issues that you may encounter with various currencies that are traded on this exchange platform. These two aspects make WazirX the best place for its customers to sell in the cryptocurrency market.
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Payment
Another essential benefit of WazirX is its robustness when it comes to payments and the security of your deposits. WazirX automatically transfers funds in real-time to your bank account as soon as you meet the minimum limit of withdrawals.
Because of this extensive security payment network, WazirX is able to offer a high level of trust to its clients. They also get an option for Net Banking, NEFT/RTGS/IMPS, and UPI for adding money to your wallet. UPI is the best way to add money to your wallet, allowing you to make secure payments with very low transaction fees while paying with QR codes.
WazirX Charges
In this WazirX Review, we would like to reveal the fee of transactions as well. Whenever you transfer money from your bank to WazirX account for purchasing any coin from the market, they charge you 5 to 10 rupees; depending on the amount, the set amount can vary as there is no specified number. In general, bank transfers cost you 5.9 rupees per transaction, including NEFT, RTGS, & IMPS transfers.
Withdrawal Charges at WazirX for crypto depend on which currency you are trading. There’s a whole list of charges available on the website for you to see before making any trade online. A spot trading fee of 0.2% is taken for any instant buy and sell order. Luckily, there are no charges for P2P Transactions, and new traders get to enjoy 25% of the profits for STF trading at an early stage.
WazirX Features
There are a lot more features than you can think about WazirX, so buckle tight and read this WazirX Review further:
Cross-Platform Support
Evolving into a global exchange allowed fiat to create its own currency (a means of buying and selling things like money using digital assets). The platform offers fast deals with multiple devices, and you can choose between an Android, iOS, or Windows computer for your daily transactions and never miss an opportunity. Plus, the website has all the features you need on an exchange to buy, sell and invest large amounts of crypto every day without worrying about shortage issues.
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Beginner-friendly
The ease of use of the platform design makes it a preferred choice of more than half the WazirX users in the world. The drag-and-drop interface of the platform allows you to quickly access the different screens and make important decisions without any difficulty.
Moreover, the news and articles provided by WazirX are also encouraging and informative to help more people to invest in the crypto exchange. Apart from that, the software provided by the company is also a big boost to the user experience. It also provides a safe and secure environment for trading, which is again a massive attraction of the users.
With all these benefits and advantages, WazirX confidently calls itself a premium platform for those who are looking forward to investing in the outrageous market of the digital asset exchange.
Investment Products
As a bonus, WazirX is introducing other investment products that support the P2P model and give consumers more opportunities to make money from crypto investments. Here are some great investment products from the WazirX website:
WRX Token
WazirX has created an ecosystem where the WRX token serves as the backbone to support the entire platform while remaining exclusive to its users. The crypto has a market cap of $479 million and a total supply of 293,763,596 coins that consumers can buy, sell, or mine for everyday use.
As much as 30% of the coins are reserved for foundation, and the public can buy 10% shares, while private investors with big pockets receive 5% exclusive offers to invest in WRX Token. WazirX has partnered with SonyLIV and signed a sponsorship agreement for UEFA EURO 2020, generating a trading volume of 96 Million dollars within 24-hours.
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WRX Mining
People can mine WRX coins and generate long-term wealth without investing any money in buying crypto. Almost 3.9% of tokens are available for mining, which you can easily do from your desktop computer and earn rewards upto 10,000 coins every day.
STF
STF helps new traders start the game with cryptocurrencies and learn while investing with very little chance of losses. STF, also known as Smart Token Funds, connects beginners with experts to help them expand their portfolios and generate 25% profit on their first WazirX transaction.
Supported Cryptocurrencies
As mentioned above, WazirX offers a large pool of cryptocurrencies for users to pick and trade. They have more than 4,000+ online tokens like Bitcoin, Ethereum, Ripple, Litecoin, and much more to give a wide spectrum to users to pick their future investments.
Untill now, means at the time of writing this WazirX Review, WazirX does not allow short selling, but there are rumors in the market that this feature will be added in a few years. You will also receive trading reports for all your transactions, made monthly, daily, or yearly, as per demand to track your gains and losses over time.
Speed of Transaction
WazirX light-weighted platforms have the capacity to maintain millions of transitions smoothly, so there is very little chance of lags and errors at the peak of the hour. Plus, the Twitter handle stays updated 24/7 to notify users in case of a problem in advance by the WazirX team. The platform can compete with any global alternative in terms of speed, which shows the true power of Indian software systems and standards.
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Advanced Trading Tools
Hardworking traders and blockchain experts who are passionate about making it easy for modern people to buy and sell cryptocurrencies developed this platform. WazirX comes with all kinds of line, measurement, and graphing tools to provide users with up-to-date information. You have years of data collected about price, performance, and key figures that you can call on your smartphone at the touch of a button.
Referral Program
Referral Program is one of the major things that separates the best platforms from the mediocre ones. A WazirX Review would not be complete without a mention of its strong referral program that gives you up to 50% for a new client. Here they offer a two-tier affiliate marketing system where you get a high commission for every successful trade you make on their trading app. You can also get a free training course at their website and get full access to their trading platform with the entire training course in your hands.
Unlike other online brokers, WazirX allows its users to earn commission based on every trade that they perform. This is a great feature that makes the platform stand out from other competitors in the same league. With this feature, the token holders are able to earn an additional commission every time their customers convert their tokens to any other coins or commodities like gold, silver, or platinum. With such a referral program, you can expect to get extra incentives from the trading platform.
Deposits and Withdrawals
Deposits and withdrawals are very easy for WazirX customers because you get an efficient setup that allows traders to easily add or remove funds from their online wallets. Compared to other exchanges, the fees during processing are minimal, and it doesn’t take long to add funds to your account vice versa.
Another great thing about WazirX is that spot traders can place crypto orders ahead of time, and if the price is what you expect, the trade will be executed automatically. This ensures that you don’t miss an opportunity when trading big coins like Bitcoin and Ethereum. In addition, the WazirX P2P engine helps buyers and sellers choose an automated system, so users don’t have to waste time searching for deals online.
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History of WazirX
WazirX has suffered many setbacks since its launch in 2018. Indian financial regulator RBI has announced a cryptocurrency ban and ordered all operations for all cryptocurrency exchanges to be suspended within three months. This seems to be the end of all crypto-related platforms emerging in India, one of which is WazirX. The company responded quickly to the Indian government to ensure blockchain technology became popular in the country.
However, they still need some extraordinary advantages to stand out from the competition. This prompted WazirX to introduce the world’s first automated mapping system that works for crypto transactions, which was later called P2P by the WazirX platform. Given the beer market in India, the success of the WazirX P2P system has been phenomenal and prompted other companies to adopt this strategy.
Surprisingly, the platform has crossed 100 crores peer-to-peer trades with an astonishing 50% monthly growth. As the goal for WazirX hit, the platform typically greeted all its users in the Indian way with a “Namaste Tribe” message as a proud announcement.
How to Open an Account With WazirX?
Opening an account with WazirX to manage your cryptocurrency portfolio is very easy. Here are the steps to open a WazirX trading account without any hassle.
- Mobile users can download the application from here: , and computer users must visit the WazirX website.
- Select the registration button available in the middle of the screen.
- Enter details such as email, password and agree to the terms.
- Follow the activation link sent to your email, and you will be confirmed.
- Secure your WazirX account by enabling 2-factor authentication (2FA) and selecting your security level.
- In the last step, enter KYC variation, and you can now trade any currency available on WazirX.
Why did WazirX become a success in India?
Real estate and other industries have declined significantly from the rise in NFTs. Another important driver is the ban on gold transactions by Indian banks, which was implemented as part of a large-scale corruption scandal that recently rocked the country’s economy and politics.
It should be noted that in highly volatile market conditions, the cryptocurrency exchange industry in India is growing steadily, and the ban will only force more investors to diversify their investments even more.
Why WazirX is the best app for crypto trading?
In order to be considered a valid exchange, they must maintain high standards of performance, maintain transparency in their operations, and meet adequate deposit and withdrawal requirements. These requirements are designed to prevent abusive trading practices, scams, and fraud.
Even though all cryptosystems are subject to similar demands for maintenance, the standards applied to WazirX are especially high because of the volume and frequency of activity associated with this exchange. This provides traders and investors with the ability to trade in dozens of different world currencies at once with proper safety and security in mind.
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WazirX Review : Conclusion
Indians are experiencing a boom in the cryptocurrency market that will disrupt the government’s modern financial infrastructure in 2022. Because of a lack of regulation and knowledge, people are afraid to invest. So Wazirx has given the possibility for all Indians to take part in the crypto race together with the rest of the world.
Through our WazirX review, you will find that the platform is fast, secure, and easy to use for day-to-day traders, which makes it ideal for anyone interested in investing in Bitcoin, Ethereum, or any other global currency. You can now diversify your investment portfolio through the P2P and STF exchange mechanisms introduced by WazirX and open yourself to a new phase of online investing.
Good Review.