{"id":7128,"date":"2019-03-27T08:53:12","date_gmt":"2019-03-27T08:53:12","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=7128"},"modified":"2019-09-09T12:46:25","modified_gmt":"2019-09-09T11:46:25","slug":"wazirx-cryptocurrency-exchange-review","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/","title":{"rendered":"WazirX Cryptocurrency Exchange Review"},"content":{"rendered":"<h1><\/h1>\n<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">2 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7129\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review.png\" alt=\"WazirX Cryptocurrency Exchange Review\" width=\"800\" height=\"800\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review.png 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-150x150.png 150w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-300x300.png 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-768x768.png 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-370x370.png 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-41x41.png 41w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-82x82.png 82w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-760x760.png 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-424x424.png 424w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-740x740.png 740w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>\n<span style=\"font-weight: 400;\">WazirX is an Indian cryptocurrency exchange. It is run by Nischal Shetty, Sameer Mhatre, and Siddharth Menon.<\/span><br \/>\n<span style=\"font-weight: 400;\">This India&#8217;s largest crypto exchange is now open to all countries. They are giving away free WRX Coins for signing up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As we wrote before, the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Reserve_Bank_of_India\">Reserve Bank of India<\/a> on 5 April 2018 directed all banks to end their existing banking relationships with cryptocurrency exchanges and traders. The ban became active on 6 July 2018. The ban was, however, appealed. The final hearing before the Supreme Court in such appeal was on 11 September 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And now there is in India the largest <a href=\"https:\/\/traders-paradise.com\/recommends\/wallstreet-forex-robot\">crypto exchange<\/a> opened to the traders all over the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In its blog, the company pointed out that fiat to crypto conversion is a global issue and a lot of cryptocurrency enthusiasts across the globe struggle to convert fiat to crypto and vice versa. They have to rely on local platforms that charge high fees and high spreads. WazirX wants to take its tried-and-tested P2P platform to solve this problem across the globe.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7130 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-2.jpg\" alt=\"India's trusted bitcoin exchange\" width=\"800\" height=\"289\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-2.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-2-300x108.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-2-768x277.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-2-370x134.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-2-760x275.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-2-424x153.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>\n<span style=\"font-weight: 400;\">WazirX offers real-time open order books, charting, trade history, deposit, and withdrawals. So you can trade and invest in some of the world\u2019s best performing digital assets. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The user interface UI is friendly and easy to use.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/#WazirX_Exchange_Offers\" >WazirX Exchange Offers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/#What_makes_WazirX_different\" >What makes WazirX different?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/#WazirX_trading_fees\" >WazirX trading fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/#They_are_giving_away_free_WRX_coins\" >They are giving away free WRX coins<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/#WazirX_withdrawal_fees\" >WazirX withdrawal fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/#Deposit_methods\" >Deposit methods<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/#Security\" >Security<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/wazirx-cryptocurrency-exchange-review\/#The_bottom_line\" >The bottom line<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"WazirX_Exchange_Offers\"><\/span><b>WazirX Exchange Offers:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">&#8211; Peer 2 Peer Transaction<\/span><br \/>\n<span style=\"font-weight: 400;\">&#8211; Cryptocurrency Exchange<\/span><br \/>\n<span style=\"font-weight: 400;\">&#8211; WRX Mining<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are a large number of cryptocurrency exchanges based in India. In addition to this exchange, there are Koinex, EthexIndia, BITSSA, Unocoin, and ZebPay, to name a few. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But most of them only offer to trade in BTC however. The only Indian cryptocurrency exchanges with more than a dozen different cryptocurrencies traded are WazirX, Koinex, and ZebPay.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Different exchanges have different trading looks. \u00a0You have to determine which trading look that suits you the best. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">What their designs usually have in common is that they all show the order book or at least part of the order book, a price chart of the cryptocurrency and order history. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_makes_WazirX_different\"><\/span><b>What makes WazirX different?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"WazirX_trading_fees\"><\/span><b><i>WazirX trading fees<\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">WazirX charges 0.25% if you\u2019re a taker.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It also takes the silver medal with respect to its maker fees, only BITSSA charges lower fees. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The exchange charges 0.10% if you\u2019re a maker. This means a 0.15% discount compared to the exchange\u2019s taker fees.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"They_are_giving_away_free_WRX_coins\"><\/span><b><i>They are giving away free WRX coins<\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">WRX is a digital asset just like <a href=\"https:\/\/traders-paradise.com\/recommends\/monetizing-bitcoin\">Bitcoin<\/a>. We found on their official web site that there will be a maximum of 1 Billion WRX coins ever created. Over a period of time, creators expect the value, utility, and liquidity of WRX to increase substantially.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By owning WRX coins through the WazirX signup and referral reward program, you become one of the early holders of the coin. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Why they are doing this?<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7131 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-3.jpg\" alt=\"WRX coin giveaway\" width=\"800\" height=\"269\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-3.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-3-300x101.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-3-768x258.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-3-370x124.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-3-760x256.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/wazirx-cryptocurrency-exchange-review-3-424x143.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">As we could see, they want to gain customers trust and involve you in helping them build WazirX. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">That&#8217;s why they want to reward new customers for joining in early.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, they intend to build a strong user community. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8221;This also helps us stay true to the ethos of crypto and blockchain &#8211; to share the wealth instead of hoarding it,&#8221; they stated on the official web site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They planned to launch WRX. Instead of launching an ICO first, they plan to include community members as the first holders of WRX.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you join directly from a there website you will get 100 WRX.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"WazirX_withdrawal_fees\"><\/span><b>WazirX withdrawal fees<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">WazirX charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the global industry average. We can say that is a rival advantage upon the majority of other top crypto exchanges in the market.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Deposit_methods\"><\/span><b>Deposit methods<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">WazirX allows wire transfer deposits but not credit card deposits. As far as we know, only one Indian cryptocurrency exchange allows credit card deposits at all (BITSSA).<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Security\"><\/span><b>Security<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">This is actually the only place where this particular cryptocurrency exchange takes the first place among Indian cryptocurrency exchanges. No other Indian cryptocurrency exchange has a higher security score. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">WazirX is the most secure exchange in India. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On their web site, we found a detailed explanation about some important practices you should follow to keep your WazirX account secure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One point more for them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is safe to trade, but it is a still new platform in the Indian market. So it will take time to <a href=\"https:\/\/traders-paradise.com\/recommends\/how-to-trade-with-signals\">build trust<\/a> in Indian crypto trading community. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And now, all over the world.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"The_bottom_line\"><\/span><b>The bottom line<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">WazirX is a good platform. If everything goes right, this Indian exchange has the potential to become the best Indias exchange in future years. WazirX, the largest Indian crypto exchange is opened to traders all over the world now.<\/span><\/p>\n<p><strong>Don&#8217;t waste your money!<\/strong><\/p>\n<p><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\"><b>risk disclosure<\/b><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2 min read WazirX is an Indian cryptocurrency exchange. It is run by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. This India&#8217;s largest crypto exchange is now open to all countries. They are giving away free WRX Coins for signing up. As we wrote before, the Reserve Bank of India on 5 April 2018 directed [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1010,1004],"tags":[878],"class_list":["post-7128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-overviews","category-latest-financial-news","tag-wazirx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WazirX Cryptocurrency Exchange - In-depth Review<\/title>\n<meta name=\"description\" content=\"WazirX is an Indian cryptocurrency exchange. It is run by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. 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