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WazirX is one of India's fastest-growing cryptocurrency exchanges, with over 15 million users and 300+ coins. Read the pros and cons, features, fees, and security of WazirX, and how it recovered...
Aug 12, 2022 · ED further alleged that the lax KYC norms, loose regulatory control of transactions between WazirX & Binance, non-recording of transactions on Blockchains to save costs and non recording of the ...
Jul 20, 2024 · WazirX may be the only option for some users, but it is not one of the best exchanges to use as the exchange lacks advanced features and tools for serious crypto traders. Moreover, Wazirx was hacked for $235 million from its wallet this year.
Oct 7, 2024 · Security and Regulation. The security score of the WazirX trading system from India has a high rating, and the sale and other transductions of instruments are fully safe with the usual encryptions. Account security is taken very seriously, and security audits are carried out at regular intervals.
Aug 30, 2024 · Is WazirX Safe? Yes, WazirX is a safe platform as it stores almost 95% of your funds in offline cold storage, keeping it safe from any hacking attempts. However, you can keep track of a couple of things to secure your assets: Only use the official website or app downloaded from the play store or app store to login and order trades.
Sep 5, 2024 · Overall Rating. 4.4/5. Open An Account > FAST FACTS. Account Minimum: 100 INR. Fees: 0.2% Maker & Taker Fee. Best For: Fiat/Crypto Trading. Warning: Trading in cryptocurrency is highly speculative and carries a high level of risk. It is possible to lose all your capital.
In May 2021, the online security firm, CertiK, which specialises in cryptocurrency exchanges, audited WazirX and found there were no critical, major or medium graded issues stating that the platform is safe.
Sep 9, 2024 · WazirX is generally considered a safe crypto exchange in India and follows general best security practices. However, in July 2024, WazirX was subject to a cyber attack and has confirmed a loss of more than $230 million as a result. Is WazirX legal in India? Yes.
Aug 19, 2024 · WazirX, a crypto exchange in India, suffered a major security breach in July 2024, resulting in the theft of $230 million worth of digital assets. Users affected by the hack may have various legal recourses, such as filing a complaint under the IT Act, pursuing a civil suit, or approaching the CDRC.
4 days ago · Security - Is WazirX Safe? WazirX takes comprehensive security measures seriously, such as conducting regular security audits and using multi-signature wallet systems. Furthermore, two-factor authentication provides another layer of protection for users while some digital assets are held cold storage to safeguard them from online threats.
