Today, the Cryptocurrency business is booming at a faster pace. But, do not believe in my words; see the statistics to understand the entire picture. Before knowing the Wazirx review, you must know the current condition of the Crypto-market. Currently, the Cryptocurrency industry is standing at 2 trillion USD. It also has a 4000 plus Cryptocurrency Circulation all over the world.
In a country like India, 1 billion people are behind acquiring cryptocurrencies. You will get A To Z information regarding the Wazir X from this article of mine. You need to make sure that you read the article until the end to get the complete details on Wazirx Review.
Wazir X Exchange Summary
|Date Of Foundation||2018|
|Native Token||WRX Coin|
|Supported Fiat Currencies||Russian Rouble( RUB) Indian Rupee,(INR) Euro( EURO) & 5 more currencies are there|
|Trading Fees||0.20% Taker fee/0.20% maker fee|
|Customer Support||Live Chat|
|PC/Mobile application||Windows, iOs, and Android|
|Types of Deposits Allowed||RTGS, NEFT, IMPS, UPI|
Wazirx Review Summary In 2021-2022
Wazir is one of the most popular Crypto trading platforms that offer a simplified trading app and many exciting features to look forward to in 2021. You can use the Wazirx coin to start your Crypto trading journey here.
It is one of the most user-friendly Crypto trading platforms you can bank on your investment. The best thing about the Wazir X is it comprises robust security features to provide your transaction with maximum security.
Considering the Wazirx review, you must know about its recent integration with Binance, which has increased its popularity to the next level. In addition, the introduction of the WRX tokens and P2P trading exchange facility has increased the chances of adoption for the Wazirx platform in the country.
Birth Of Wazirx Platform- A Quick Glance On Its Inception
When you want to do a Wazirx review, you must know about the inception story of this Wazirx platform to make your idea clear about it. This platform was launched in 2018 by Sameer Mhatre, Nischal Shetty, and Siddharth Menon. This trio has built the foundation of this Cryptocurrency platform in the country.
The best thing about the Wazirx Platform is it allows beginners, professionals, and seasoned traders to try their luck in the Crypto market. Limitations are less, and opportunities are more here. For example, you can deposit money through UPI, IMPS, RTGS, and NEFT, but credit card deposits are strictly prohibited here.
A Brief Story Of Revolutionary Crypto -Exchange Wazirx
Wazirx Exchange is an Indian Cryptocurrency trading platform that is currently creating wonders in the Crypto-market world. It is now open to all the customers of the world who are interested in Cryptocurrency trading. On March 8, 2018, it was launched by Zanmai Labs private LTD. This organization is run by three partners Nischal Shetty, Siddharth Menon, and Sameer Mhatre.
The Cryptotraders calls Wazirx more than just a Crypto trading exchange. The main reason behind it was that it bridges the gap between fiat currency with Cryptocurrency; with the application of Wazirx P2P, it is the first auto-matching P2P machine in the world right now. The best thing about it is that it offers native Crypto assets.
This native Crypto asset is also known as the Wazirx tokens or the WRX coins. Some interesting facts about this platform are its objective behind forming this Crypto-exchange.
It was opened for Indian traders only, but later on, it had opened the doors for the world traders. On March 27, 2019, it had granted permission to the world Crypto- traders to trade on this platform.
On November 21, 2019, Wazirx was taken over by Binance, and now you can make use of your desktop, laptop, and smartphones to make your trade with Wazirx.
Wazir X Review & Brief Story Of Its Initial Set Backs
If you want to do a Wazirx review, you must know it’s the entire story of ups and down when its use was entirely banned in the country due to the regulation of RBI. The banking system was ordered by RBI to restrict the use of Crypto. Later on, the ban was lifted. Due to this ban for a few days, Wazirx has to stop the operation.
Keeping in mind the interest of the Crypto traders, it has launched the World’s first auto-matching system with the help of the WazirX P2P system.
Exquisite Features Of Wazirx Exchange To Know More About It
If you want to do a Wazirx review, you should know some of the exclusive features of this trading exchange before you make your opinion about it. Some of the features of this platform are as follows:-
1. Offers Long Term Trading Opportunity
WRX tokens are also known as Wazirx Cryptocurrency. This token will not give the investors immediate returns from their investments; instead, it will offer long-term returns to your investment. The company is working on the plans that WRX must provide high value to its customers for their long-term investments. Therefore, those who want to make long-term investments in Wazirx are welcome on this platform.
2. You Will Get Referral Commission
The best part of trading in Wazirx is that it will help you get 50% of the referral commission. This is because fees for the trading are split in the 50-50 format, which increases the traders’ chances to split the referral commission. Therefore, more will be savings in the Cryptocurrency trading fees when more person makes the transaction. Hence, the opportunities for your earning will increase.
3. Cross-Platform Support Is Possible
The best part of the Wazirx review that you need to know is it offers cross-platform seamless functions. Wazirx offers multiple devices compatibility that includes a web browser, Windows PC’s, Mac, and Android IOS smart platforms to start your trading journey in India.
4. Innovative Design For Trading Platform
Whether it is fiat or the ramp, it will provide a global exchange facility whether you are trading on Fiat or the ramp. It offers a beginner-friendly crypto-trading platform with the chance of a high trading volume. All the features available in the web platform are available in the mobile apps.
5. WRX Token & Its Support System
The utility token of the Wazirx is the WRX token. 1 billion tokens of WazirX are available now. According to the coin market cap, the prices of the WRX token will increase in the upcoming years. The current market cap of Wazirx is $479 million, and 293,763,596 WRX coins are now in circulation. There are 3.9% tokens available for the mining of WRX coins.
6. Speed Of Transaction
The current price of the Wazirx coin price is 100INR. The Blockchain Transaction of the Wazirx is quite efficient and scalable as millions of transactions are possible within a few seconds. You have to understand the facts before doing your Wazirx review. You cannot frame your opinion in grey.
7. Advanced Trading Tool
The peer-to-peer transaction system of the Wazirx Platform is quite innovative in nature. The auto-matching P2P engine matches the needs of the buyers and sellers instantly. In most cases, the buyer places the USDT orders and pays them to the seller directly. It is one of the best means to make your trading efficient and worthwhile.
8. Best In Class Security
95% of the Wazirx funds are in cold storage. To secure the customer accounts, the two-step verification feature is present in it. The multi-signature wallet system maintains KYC/AML guidelines. It ensures high-end security for traders in the global market.
9. Better Customer Support Is Possible
The customer care number is not available on the Wazirx platform. Traders can use the traditional form of the ticketing process to clear their doubts. The Wazirx review is available on various social media sites like Facebook, Twitter, YouTube, Instagram, Linkedin, and Coin market cap.
10. Offers Referral Program
The Referral program of the Wazirx Will helps you earn 50% of the commission in every trade you do. You can easily earn a passive income if you wish to make more from it. You just have to focus on some simple steps of its registration process.
11. Interactive Trading Platform
The interactive user interface of this platform has made it popular among traders, especially among various social media platforms. You can join the group of Wazirx community on various social media sites to get more information on it in detail.
Wazirx Reviews Based on Its Merits & Demerits
|The minimal interface is easy to use.||Crypto lending feature is lacking|
|A wide range of Crypto tokens can be traded.|
|No Custody of fiat funds is there.|
|Crytoswaps and Fiat are free.|
|Portfolio building is possible as smart token funds assist it.|
Final Take Away
Hence, if you want to share your review depending on the Wazirx review, you have to consider all the essential points in your mind. You cannot afford to make your choices in grey. Instead, you can make the best choices and the selection that can help you meet your requirements in the best possible manner within a short time frame.
FAQ( Frequently Asked Questions)
Is Wazir X a trustworthy site?
Wazir X seems to offer regular security audit. It offers better security and ensures a high transaction rate.
Is Wazir X is legal In India?
Cryptocurrency is legal in India and Wazir X is one of the most secure platforms to make your Crypto trading in India. It is one of the best Cryptocurrencies to trade in India.
Is Wazir X is banned In India?
Wazir X market crashes when the use of the Cryptocurrency platform was banned in India. Later on the ban was lifted and Wazir X usage increased in the market.