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High-security level
- The platform maintains a high-security level to ensure smooth trading for its users. It has high ratings for security features and secure financial transactions. The company has used encryption and conducted security audits regularly to keep the platform secure.
www.thefinancepoint.com/wazirx-app-review/WazirX App Review 2024 - Is WazirX Safe? - The Finance Point
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WazirX has strict security measures to protect users’ data and privacy. Once all the security measures are in place, the user has to fill in their personal information, such as country and...
- 2018
- 15 million+
- Mumbai
- 300+
- Review of The Top Features on Wazirx
- Wazirx Compared
- Identity Verification Requirements
- Fiat Deposits & Withdrawals
- Wazirx Fees
- Wazirx Mobile App
- Customer Support
WazirX User Interface & Trading Platform
WazirX offers a clean, minimal, and simplistic user interface that will suit beginner traders and investors. Unlike your traditional margin crypto trading exchanges, there are no advanced charting tools or indicators. For those who are familiar with technical analysis, using the WazirX charts is probably not the right option. In this case, traders are better off using WazirX in conjunction with a top crypto charting siteto analyze the live crypto prices. When it comes to placing orders, there...
Peer-to-Peer (P2P) Trading
WazirX offers P2P trading, where users can trade directly with other users. This allows users to find the best price for the crypto they wish to purchase and negotiate and trade directly with other users. WazirX acts as a matching engine to match buyers and sellers and as the escrow for the trade, ensuring both parties honor the transaction. Related: What is Bitcoin escrow and how does it work? P2P trades are not charged any fees by WazirX, and prices are set by the sellers directly. The only...
WazirX Token
The WazirX token (WRX) can be purchased without trading fees on the WazirX platform. It has a few benefits, such as trading fee discounts and potential access to airdrops, but the utility was never expanded beyond that. There were promises of WRX mining rewards, margin discounts, and other benefits, but this is no longer the case since the crypto winter has set in.
WazirX offers advanced features, an intuitive user interface, and a mobile trading app. This comparison table lists other top-rated crypto exchanges that offer world-class features.
To withdraw funds and trade on the WazirX P2P exchange, you need to submit the following information to complete the KYC process: 1. Basic personal information (date, date of birth, address etc) 2. PAN card details 3. Upload identity document (e.g. passport or driver's license) The process is partially automated and only takes a few minutes to comp...
WazirX only allows deposits of Indian Rupees (INR), which makes sense as the exchange is only available to Indian residents. Users can deposit funds via UPI, IMPS, NEFT, and RTGS from supported banks. Due to regulations, transfer fees may be applied to deposits, which can vary. Withdrawals can be made from the platform but carry a fee of 10 – 20 IN...
WazirX charges maker fees and taker feesthat depend on the type of order placed by the user. WazirX fee is 0.02% for limit and conditional orders (Taker) and 0.02% for market orders that fill (Maker). Purchasing the native token, WRK, comes with zero trading fees. The deposit fees for transferring fiat currency into WazirX depend on the selected de...
WazirX has a mobile app available for both Android and iOS. Users can trade on the app, as well as deposit and withdraw INR. The app has a lot of downloads and high ratings, but due to the low trading volume on the platform, it’s safe to say most users are not still using the app. On the Android marketplace, the WazirX mobile shows over 10 million ...
WazirX has a poor track record when it comes to providing customer support. The exchange has an overall star rating of 2.0/5 based on 123 customer reviews on Trustpilot.The recent comments refer to the terrible level of service provided by the support team on issues such as missing deposits, lost funds, and terrible user experience (UX). The WazirX...
- UPI, IMPS, NEFT & RTGS
- Bitcoin, Ethereum, Tether and 200 others
- Wazirx
Keeping your WazirX account and funds safe is always our topmost priority. You form an important part of the effort and together we can keep WazirX as the most secure exchange in India. Below are some important best practices you should follow to keep your WazirX account secure.
Best-in-class security features like 2FA and an in-app passcode for secured crypto investments. Super fast & robust KYC verification system that processes your KYC within just a few hours...
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- Everyone
Apr 26, 2022 · The WazirX app is India’s most trusted and secure cryptocurrency exchange app, with over 11 million users. The app is available on Google Play, macOS, Windows, and Apple App Store. With over 10 million downloads, the WazirX app is the most popular app for traders in India.
Feb 7, 2024 · 07 February, 2024. WazirX is a safe and transparent Indian crypto exchange with over 300 cryptocurrencies. They set themselves apart by publishing a yearly transparency report and are one of the few Indian exchanges that maintain a Proof of Funds report. We recommend this exchange for all beginner and advanced crypto investors in India. Written by.
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.
