Wazirx P2P Crypto Exchange: There are a lot of platforms for buying and selling Bitcoin Exchange or other cryptocurrencies in India, one of which I personally use for trading.
Wazirx is India’s most popular Indian Crypto Exchange platform and is the right place for those who invest on Indian crypto. Wazir-X offers over 100+ cryptocurrencies for trading, including its WRX tokens, with a steadily growing user base.
In this post, we’ll explore:
What is WazirX? How Crypto Exchange Works
Launched in 2018, WazirX emerged as the platform to undertake India’s fastest growing cryptocurrency exchange, with an average rating of 4.6.
Wazirux is a part of the “Binance Ecosystem”. WazirX and Binance have launched a $ 50 million USD ‘Blockchain for India’ fund. The exchange is also available to the global user, and key features include:
- Instant INR deposit and withdrawal options
- Smart Token Fund to help crypto investors find the expert trader, and let them manage their cryptocurrency portfolio
- World’s first auto-matching P2P engine with 80+ tokens
- Login through binance account
WazirX is an India crypto exchange platform, you can start trading by completing a few simple steps to complete sign-up, KYC , depositing your Indian rupee (INR).
WazirX allows you to deposit money with the help of NEFT / RTGS / IMPS/bank transfer and UPI. You can also transfer crypto assets to your WazirX wallet.
You can use WazirX P2P to buy / sell Crypto. The service is provided 24 × 7 to the users.
How to start WazirX P2P Crypto Exchange?
It may take less than five minutes to start trading on WazirX. All you have to do is create an account, complete your WazirX, deposit money, and you are ready to make your first trade.
Create an account on WazirX
Creating an account is the first step in your crypto trading journey. To create an account on WazirX you can follow these steps:
How to Use Wazir X in Hindi:
- First, click on the official WazirX website and sign up.
- Please enter your email address and password.
- Click on the account activation link in your mail.
- Log in now, and you’re all set.
Complete KYC of WazirX
To deposit money in INR or crypto you have to complete your KYC. Follow these steps to complete your KYC:
- Click on your Profile Tab and then click on Complete Verification.
- Enter all the details according to the Approved Id Card by the government.
- Now enter your bank details. WazirX will use this bank account to withdraw money in the future.
- Upload photos of Pan, Aadhaar, and a selfie in Jpg or Png format.
- Once all the details are verified, you can deposit funds to start trading.
Deposit money and start trading on WazirX
To start treding, one must first deposit money in Wazirux, so that you can start investing in cryptocurrency. You can deposit INR with Accepted Payment Options.
To trade cryptocurrency in Wazir X, you must first deposit the amount in your Wazir X Wallet, in Crypto Assets, select the cryptocurrency you wish to deposit and transfer it to your Wazirx wallet address.
To deposit INR, you can use any of the following payment methods:
- NEFT / RTGS / IMPS
- UPI Address
- Net Banking
- Bank Transfer
What is WRX Coin?
“WRX” is the utility token of WazirX, the WRX token is based on the Binance blockchain. Which has a total supply of 1 billion.
Token holders will be rewarded with various benefits on trading fees such as Trading Fee Discount, WRX Trade Mining, Token Airdrop, Margin Fee, and more.
WRX and WRX are supported by Indian traders with a 10-year experience in building and scaling global products.
WazirX was also acquired by Baynes in November 2019. WazirX aims to make crypto accessible to all in India.
What is Crypto Dust?
Crypto Dust is a small amount of crypto that is unexpected in a transaction that is at a value below the minimum threshold. These dusts often converge due to the different trading limitations for that crypto on the platform. WazirX allows you to convert your crypto dust to WRX coins.
Is the WazirX App trusted?
WazirX is India’s most trusted bitcoin exchange. It gives you a trading experience across all platforms on the web, Android, iOS etc. WazirX has a simple and efficient design that caters to both first-time investors and expert traders.