You might have heard about Bitcoin or Crypto Currencies, If you are planning to buy your first Bitcoin then you must be wondering where you can buy one. WazirX is India’s Leading cryptocurrency exchange to buy/sell or trade Bitcoin, ETH, and hundreds of other cryptocurrencies in seconds. Let me share everything about WazirX with you and let you know that it is safe or not.
What is Cryptocurrency?
Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. It is decentralized digital money, based on blockchain technology.
Cryptocurrency got its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers.
What is WazirX?
WazirX is India’s fastest-growing cryptocurrency exchange with over 80 Lakh users. It is the most trusted and secure cryptocurrency exchange app to buy and sell Bitcoin, Ripple, Ethereum, Tron, Zilliqa, and over 100 cryptocurrencies. You can buy Bitcoin and other cryptocurrencies by depositing INR via UPI or IMPS instantly. The exchange was launched in March 2018 and is based in Mumbai, India. The team is led by an experienced group that comprises of Nischal Shetty, Sameer MhatreEx, and Siddharth Menon.
How to Create an account on WazirX?
- Download the WazirX app or visit the WazirX website. After that, hit the sign-up button.
- Enter your e-mail address (which you use) and a password.
- Click on the account activation link in the e-mail.
- Click on the terms and conditions of the checkbox, but read it once before checking.
- Lastly, press the Sign Up
- After that, You need to complete your KYC in order to deposit funds in INR or crypto.
How to Deposit and Withdraw money in WazirX?
You need to make deposits so that you can start investing in cryptocurrencies. You can deposit and withdraw INR instantly on WazirX via UPI, IMPS, NEFT, or RTGS automatically. It is available 24×7!
WazirX is loaded with advanced security features like 2FA and in-app passcode. They use industry best practices to make WazirX the most secure cryptocurrency exchange and wallet.
WazirX Referral Program
WazirX has an exclusive referral program that lets you earn 50% commission on fees for every trade. Invite your friends to sign up and earn a 50% commission on every trading fee. There’s no limit unlike other cryptocurrency exchanges in India.
The trading fee is 0.2% for each trade whether you are buying or selling for most of the cryptocurrency pairs. If you are paying your trading fees in WRX tokens then you will get a 50% discount. To pay trading fees using the WRX token you have to enable it from Setting >> Fee Settings >> Pay Trading Fees with WRX.
WazirX P2P – How it Works?
WazirX P2P helps you Buy and Sell USDT for Fiat directly with other Buyers & Sellers. It’s 24×7, safe, and absolutely legal. 2 simple things you can do with WazirX P2P –
- If you want to bring Fiat to trade cryptos, Buy USDT via P2P and then use that USDT to buy other cryptos on WazirX!
- If you want to move Fiat to your bank account, Sell your cryptos for USDT and then sell that USDT for Fiat via P2P!
WazirX Customer Support
WazirX Support Center is online 24/7 to help with your needs. You can easily access WazirX support by creating a ticket or you can use the live chat. You can also tweet on WazirXIndia handle with your raised ticket for instant response.
Is WazirX Safe?
Yes, it is safe and secured.
Is WazirX legal in India?
Trading in cryptocurrencies in India is still not legal by the government.
Is WazirX P2P safe?
Yes, WazirX has an escrow system to make the entire transaction secure so neither party can cheat the other. In the escrow system, WazirX will hold the seller’s USDT until the transaction is successfully completed and the payment is confirmed.
Launched in 2018, Wazirx has become a trustworthy and safe trading platform for customers in India and internationally to buy, trade, and sell over 100 digital assets. It is a beginner-friendly app with a great referral program and one of the best mobile trading apps. If you are looking to start your crypto investment journey, then WazirX can be your destination.
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