WazirX is most
popular cryptocurrency exchange platform and become number one due to its user-friendly
interface, easy to operate and availability of wide range of coins in INR,
USDT, WRX and BTC series. It has its own cryptocurrency coin as WRX tokens.
India’s No 1 cryptocurrency exchange - WazirX review 2021: Is it safe and legal? Reliability and customer care services
WazirX is India’s No. 1 cryptocurrency exchange and provides the maximum numbers of coins in INR compare to any other crypto exchange in India. Best on our experience and market research, here we are reviewing the WaziX for its safety feature, is it legal in India, Reliability and how is the customer care services. You will also get details about its complete features, what WaziX offers, its interface, charts and ease of operation. You will also learn how it is easy to trade in WazirX.
WazirX is owned
by Binance, the
world's largest cryptocurrency exchange by trading volume, this increases the
future aspects of WazirX in India.
WazirX Review 2021: Main features
Here
are the main features of WazirX
- WazirX is the most reliable, most secured, easy to use and quick trading cryptocurrency exchange platform in India based on traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes.
- WazirX
is an Indian crypto exchange platform with the maximum number of users, its 24-hour
trading volume stood at $218 million with 137 coins available for trading to
customers.
- WazirX offers quick and easiest way of trading in cryptocurrency, you can start
trading by following a few simple steps such as registering, completing KYC, depositing
INR and placing an order.
- WazirX
also offers UPI deposit mode outside of NEFT / RTGS / IMPS /
bank transfer.
- WazirX offers transfer of crypto assets to your WazirX wallet.
- WazirX allows you to buy or sell USDT through the P2P exchange and does not charge you any fees.
- WazirX
offers 68 Coins for trading in INR which is the highest number compare
with other cryptocurrency exchanges in India.
- WazirX
offers advance feature of trading where their expert traders may
maintain customer portfolio by paying them a percentage of their profits.
- The WRX coin/ token can be used to trade and pay your trading fees on WazirX.
- WazirX
offers withdrawal of INR directly to your registered bank account within few
seconds and allows safe transfer of a crypto asset to your wallet.
- WazirX trading fees are approximately same as of its competitors in the market.
- WazirX offers a simple app and can be downloaded from the Play Store or the App Store.
- WazirX
offers a 24 × 7 customer support system. There email customer service is
fairly good due to heavy traffic in COVID days.
WazirX Review 2021: Is WazirX safe?
WazirX is the safest and most trusted Indian
cryptocurrency exchange owned by the world's largest
exchange Binance, allowing you to buy and sell a wide range of cryptocurrencies
in INR, USDT, BTC, WZX, etc. WazirX stores almost 95% of its funds offline,
protecting you from any hacking attempts. The official WazirX app is
verified in Google Play Store or App Store to login and make
transactions. It allows two-factor authentication and OTP,
therefore the most secure platform to trade cryptocurrencies.
The WazirX website is also very secure as it also requires
OTP authentication from your “Authenticator” registry mobile app for login. The
WazirX mobile app is the safest for any deposit or withdrawal, it requires an
authentication code link with your authenticator app and the app provides
almost all functions such as spot trading, P2P, deposits, withdrawals, etc. The
WazirX app provides a simple user interface and you can download it from Google
play store.
WazirX Cryptocurrency trading account is linked to your bank account after KYC verification. It allows
transactions (both deposit and withdrawal) through this single linked bank
account, so that nobody can withdraw your money to another bank account. This
offers the safest way to transact just like your BSE and NSE Demat account.
WazirX Review 2021: Is WazirX legal in India?
WazirX
is the safest and most trusted Indian cryptocurrency exchange owned by the
world's largest exchange Binance, allowing you to buy and sell a wide range of
cryptocurrencies in INR, USDT, BTC, WZX , etc. WazirX is legal in India and
follows all government guidelines, to open an account in WazirX you need to
verify your KYC (Adharcard, PAN and Photo Selfie by holding your ID near your
face).
WazirX Review 2021: Is WazirX Reliable?
Compared with
other cryptocurrency exchanges in India, WazirX is the most reliable
platform to trade cryptocurrency. Where other exchanges are hanged due to high
traffic (high trading volume), WazirX works smoothly without any hanging
problem. Its server is capable of handling heavy to heavy traffic and the
WazirX application runs smoothly 24/7. For people who don't have the time or
skills to manage their portfolios, WazirX offers a special STF trading feature
that allows you to buy reliable coins that allow you to pass your portfolio on
to qualified investors. Then this professional investor carries out all the
transactions for you with minimal fees.
WazirX review 2021: WazirX charges fees
In the
cryptocurrency world, exchanges charge a trading fee in the form of Maker and
Taker. "Maker" means the commission on the BUY transaction, while the
taker fees charged on the sale transaction. Here is the WazirX charges
- a maker / taker
commission of 0.2% on spot trading.
- There is no
charge to make a P2P exchange
- In STF trading,
WazirX charges 25% of your profits to qualified traders.
- For each INR
deposit and withdrawal by bank transfer, 6.7 INR as a transaction fee. However,
there is almost no charge for deposits through UPI.
Note: Currently,
WazirX has temporarily suspended the IMPS / NEFT bank transfer facility,
although UPI and WazirX P2P facilities are available until they get a better
banking partner.
- Instant
withdrawal fees are INR 10 per transaction.
- The NEFT
withdrawal is INR 5 per transaction.
WazirX Review 2021: Customer Services
You
can submit a request for your concerns and attach supporting documents
explaining your concerns. The support team will get back to you as soon as
possible. You can follow the simple steps below to submit your complaint.
- Click on the help center at the bottom of the home page.
- Search for your problem in the search bar to see if the solution is available.
- Otherwise, click on the "contact us" button in the upper right corner of the support page.
- Enter your e-mail address, subject, description of the problem and attach all necessary documents.
- Click the Submit button when you are finished.
WazirX Review 2021: Pros and Cons
WazirX Pros:
The
website and mobile app are the most user-friendly, easy to understand, has the
best interface and graphical display, data analysis and quick refreshes
compared to other cryptocurrency platforms / exchanges. WazirX allows to trade
in over 100 cryptocurrencies in USDT while it allows 68 coins to trade in INR
which is most comparable to other exchanges in India. The transactions are very
fast and the server is able to handle a large volume / traffic. WazirX is owned
by Binance, the world's largest cryptocurrency exchange.
WazirX Cons:
STF
allows investors without the time to build a portfolio by paying a percentage
of their profits. They don't have a crypto lending feature but are planning for
the future.
Summary
WazirX is the
safest, easy to operate and trusted Indian cryptocurrency exchange owned by the
world's largest exchange Binance, allowing you to buy and sell a wide range of
cryptocurrencies in INR, USDT , BTC, WZX, etc. It allows more than 68 coins /
token in INR while 100+ in USDT. WaziX is the most secure because
it is linked to your single bank account and all deposits and withdrawals are
handled by KYC verification and transactions controlled by the authentication
code.
DISCLAIMER: The
information provided on this website is for educational and entertainment
purposes and does not constitute investment advice, financial advice or trading
advice. This website editor does not recommend purchasing any cryptocurrency.
Crypto markets are highly volatile and crypto investments are risky. Readers
should do their own research on cryptocurrencies and consult their financial
adviser before making any crypto investments.
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