Recently the Supreme Court of Indialifted the ban on Crypto Trading, this opened doors for crypto enthusiasts in India,, if not trading at least to hold some bitcoin and other cryptocurrencies.
WazirX is one of the most popular crypto exchanges in India that allows users to trade as well as offers a peer to peer network to buy and sell some of the leading digital currencies such as Bitcoin, Ethereum, Dash, Litecoin and others.
WazirX Started in March 2018, by Nischal Shetty, Sameer Mhatre and Siddharth Menon, co-founders of Crowdfire.
Binance acquired WazirX exchange to launch multiple fiat gateways, makes WazirX, One of the best options to choose when you are looking to buy cryptocurrency with INR.
The fee is decent when compared to other exchanges and it is 0.2% for buying and selling, which is not a lot.
Steps to buy Bitcoin/Cryptocurrency on WazirX?
-Download and Install WazirX app
-Signup and submit KYC, usually the KYC gets approved within two days.
Depositing INR into the Wallet
Once your KYC is approved, you can transfer money to your wallet with UPI, NEFT, IMPS or RTGS. Recommended mode of payment is UPI as it is fast and safe.
For a step by step guide Click Here.
Also, Learn how to withdraw money from WazirX
Transfer funds from WazirX to Binance
You can also transfer funds from WazirX to Binance, or from Binance to Wazirx with no fee at all.
Learn how to transfer funds from Wazirx to Binance here.
Some Important FAQ
-Is it safe to use Wazirx
In our opinion, WazirX is a reliable exchange in India, however, you should always make a habit of storing coins off the exchange after the trade to have complete control of your assets.
-Who owns WazirX exchange?
WazirX is run by Nischal Shetty, Sameer Mhatre and Siddharth Menon, co founders of Crowdfire.
-Where is wazirx Headquarters
Mumbai, Maharashtra, India
-What is WRX token?
WRX is a native digital currency of WazirX Exchange. There will be a maximum of 1 Billion WRX coins.
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