WazirX is India’s largest crypto exchange. Starting in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of Binance group, which is the world’s largest crypto exchange, serving users in 180 countries.
WazirX and Binance have recently announced a $50 million Blockchain India Fund in alignment with its vision of making crypto accessible to India.
With a volume of $5.4 billion per month, and growing at an exponential pace, WazirX is seeing a steep rise in the number of new users as well as trading activity. With 6 million registered users, WazirX’s growth has just started.
WazirX and Nischal Shetty, the pioneer of the IndiaWantsCrypto movement, have a social media reach of more than 5 million.
What is WazirX?
WazirX is a popular cryptocurrency exchange based in India. It was founded in 2018 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. The exchange allows users to buy, sell, and trade a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and more. WazirX also offers a mobile app that allows users to easily buy, sell, and trade cryptocurrencies on the go. The exchange has gained popularity in India due to its low fees, instant withdrawals and deposits, and strong security measures. WazirX also has its own token, called WRX, which users can use to pay transaction fees on the platform and can also provide users with various benefits and discounts on the platform.
Key Features of the WazirX
- User-Friendly Trading Platform: WazirX is a user and beginner-friendly cryptocurrency exchange platform with high trading volume. The exchange has very smooth navigation features and is enabled with multilingual support. It seamlessly functions on all the app devices as well.
- Advanced Trading tools: WazirX offers advanced trading charts, powerful graphs, and various tools for spot trading to its users. It has also launched first-of-kind peer-to-peer transactions (P2P) which is the first-ever automated machine that auto-matches the buyer and seller instantly. Then, WazirX transfers the escrowed USDT to the buyer’s secure wallet and thus the whole transaction takes place.
- Transaction Speed: WazirX boasts of a strong and robust blockchain infrastructure, which is scalable and able to handle millions of transactions in just a frame of time.
- Security Features: The exchange follows a two-factor authentication (2FA), which further provides an extra layer of security to your account. It also has a multi-signature wallet system with strict KYC/AML guidelines. WazirX also stores 95% of the funds in cold storage.
- Trading: WazirX allows users to trade in a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and more. Users can buy and sell these cryptocurrencies using Indian rupees (INR) or US dollars (USD).
- Mobile app: WazirX has a mobile app available for both Android and iOS devices. This app allows users to easily buy, sell, and trade cryptocurrencies on the go.
- Low fees: WazirX charges some of the lowest fees in the Indian cryptocurrency market, with a fee of just 0.2% for each transaction.
- Instant withdrawals and deposits: WazirX allows users to deposit and withdraw funds instantly, which can be a big advantage for traders who need to move quickly.
- P2P trading: WazirX also offers a P2P (peer-to-peer) trading feature that allows users to buy and sell cryptocurrencies directly with each other, without the need for an intermediary.
How To Buy WazriX?
To buy WazirX, you can follow these steps:
- Sign up for an account on the WazirX website or mobile app.
- Complete the KYC (Know Your Customer) process by submitting your ID proof, address proof, and other necessary documents.
- Once your account is verified, you can add funds to your account by linking your bank account or debit/credit card.
- After adding funds, you can go to the WazirX exchange and search for the cryptocurrency you want to buy (in this case, WazirX itself).
- Enter the amount of WazirX you want to buy and the price at which you want to buy it.
- Review your order and confirm the transaction.
- The purchased WazirX tokens will be deposited in your WazirX wallet.
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