WazirX crypto exchange platform is one of the most popularly known Indian crypto trading platforms. This platform is the fastest-growing platform in India which is owned by Binance and there are more than 28,00,000 users.
WazirX application is a top cryptocurrency trading platform which allows users to invest and trade in more than 100 cryptocurrencies. There are safety measures and security safeguards to keep your transactions safe. The best features are:
Intuitive User-Interface: People who are new or even have experience of trading can all use the WazirX application. It has a high trading volume and very smooth navigation features. People from different regions or with different languages can also get support as it is multilingual. Seamless function with all apps and devices is another great feature.
Advanced Trading Tools: With the WazirX Crypto App, users can access the advanced trading charts and various other tools for spot trading and powerful graphs. There are the first-ever automated machines and peer-to-peer transactions that instantly makes the match between a buyer and seller. You can also transfer your USDT to your wallet if you are a buyer.
Fast Transactions: There is a strong, robust, and scalable blockchain infrastructure which helps to handle millions of transactions in a quick go.
Security Features: In the WazirX crypto exchange platform, two-factor authentication is used which provides a security layer to your account. It has also introduced a multi-signature wallet system where KYC/AML guidelines are strictly followed.
Trading on WazirX is easy and can be quickly done after creating an account. For that, users just need to visit the website or download the application and create their account. After signing up, they will receive an email for verification with the registered ID.
Once that is done, security measures need to be set up to protect the data and privacy. Their personal information is required here like the country and type of KYC. Then, they can start their trade. Before purchasing any cryptocurrency, users need to deposit funds first which can be transferred from their account to the wallet easily and smoothly by using the P2P option.
Fees: Both the cryptocurrency exchange WazirX as well as Binance charge the standard Maker and Taker fee. With this model, trading on Binance is better than WazirX. The maximum fee charged here is 0.1% whereas the fee in WazirX is 0.2% fixed for all trading pairs. There is only an exception for the pairs with WRX token which is the native token. For such pairs, the fee is zero. There is no option to directly purchase cryptocurrency using a debit or credit card in WazirX. But Binance provides the option to do so with a 1% fee charged.
Passive Income: WazirX and Binance both offer passive income through staking where the cryptocurrency is frozen for a certain period of time. The difference between WazirX and Binance is that Binance has a pool for cryptocurrency mining. Other than that, both the crypto exchange platforms allow users to act as a validator for transactions during the staking period. When the period expires, clients get their cryptocurrencies back and interest rates as profits.
Deposit & Withdrawal: Depositing and withdrawal options are better on Binance as compared to WazirX. Binance provides all the major methods to make financial transactions that includes transfers and electronic wallets. However, WazirX has limited payment options where debit or credit cards and cryptocurrencies are not included. The deposits and withdrawals using debit/credit cards are only available for the clients that are verified on WazirX.
There are more than 100 cryptocurrencies listed on this exchange platform that include the most famous ones: