A cryptocurrency is a digital or virtual currency that uses cryptography. It is difficult to counterfeit because of its security feature.
WazirX is a popular Cryptocurrency exchange app that is used for trading on cryptocurrencies.
WazirX is an Indian cryptocurrency exchange that supports buying, selling, and trading of cryptocurrencies.
Cryptocurrency is a popular application worldwide for crypto. Many investors have started investing in cryptocurrency. However, entering crypto is not as easy as it seems, and people should do intensive research before joining cryptocurrency.
Indian crypto exchanges such as WazirX and Coinswitch have made it easier for ordinary Indian people to enter cryptocurrencies in India, where people can buy crypto quickly and safely.
What is WazirX App?
WazirX is a cryptocurrency exchange platform or application. You can trade various cryptocurrencies and coins by using the national currency. Users can deposit money in exchanges and buy cryptocurrency with the money. The money which is added to your WazirX wallet is used to purchase the cryptocurrencies. The users complete their KYC process before they start trading in crypto.
WazirX is one of the older crypto trading apps and launched on March 18.
WazirX started peer-to-peer trading where people can do crypto exchanges without money. It kept alive until 2020, when the Supreme Court re-legalized cryptocurrency in India.
WazirX has become the largest crypto exchange in India and has a significant role in making crypto trading to India's public.
Any crypto exchange platform works by charging some small percentage of its users on every trade. WazirX works on this basis. 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.
Readers are advised to do in-depth research before investing in any cryptocurrency.
The WazirX platform supports trading in USDT, BTC, and INR (fiat).
WazirX was founded to bring cryptocurrency to those who had no means of purchasing crypto assets. The exchange focuses on flat currency for cryptocurrency, which increasing crypto adoption in every direction. The support of legal deposits makes WazirX the 'entry-level exchange.'
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.
Features of WazirX
1. 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.
2. Super Fast KYC
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.
3. Lightning Speed Transactions
WazirX handles millions of transactions. Our system infrastructure will grow in a few seconds to meet the demand.
4. ACROSS 5 PLATFORMS
WazirX provides a powerful trading experience across many platforms on the internet, Android, iOS mobile, Windows, and Mac applications.
5. 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.
6. Built By Blockchain Believers
We are a team of staunch traders and passionate blockchain believers. Powerful graphs, mobile apps, etc., are being built into WazirX.
WazirX can expand its fiat-on ramp solutions to many developed and emerging markets and incorporate them into the crypto revolution.
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.
You can open your account from the below-given link:
Referral Code: pnamr4h4