WazirX Crypto review

Crypto trading has acquired a clear shape now that the cryptocurrency market is valued at over 2 trillion dollars and there are over 4000 cryptocurrencies in circulation. WazirX was founded to ensure that India's 1 billion people do not fall behind in the crypto race.

WazirX Review 2022 Summary

WazirX is a well-known Indian cryptotrading platform that offers a user-friendly trading interface with a variety of useful features. WazirX's user-friendly crypto trading platform comes with a variety of security features. Its popularity and widespread adoption have also been aided by its connection with Binance, the introduction of WRX utility tokens, and the innovative WazirX peer-to-peer trading platform.

WazirX accepts deposits via UPI, IMPS, NEFT, and RTGS, but not through credit cards. Every trading transaction on WazirX is subject to a 0.20 percent taker and 0.20 percent maker fee.

A Quick Glance At WazirX – The Revolutionary Crypto Exchange

WazirX Exchange is a cryptocurrency trading platform based in India that is now available to users all over the world. Nischal Shetty, Sameer Mhatre, and Siddharth Menon started Zanmai Labs Private Limited on March 8, 2018.

WazirX is a cryptocurrency exchange that is much more than that. With WazirX P2P, the world's first auto-matching P2P engine, it provides a one-of-a-kind solution for bridging the gap between the world currently ruled by fiat currency and the ever-evolving cryptocurrency. The WazirX token, often known as the WRX coins, is the company's own crypto asset. It was created to suitably reward the WazirX community for their efforts in getting it up and running.

WazirX was initially only available to Indian crypto investors, but on March 27, 2019, it became available to all crypto traders worldwide. Binance, the world's largest cryptocurrency exchange, announced the acquisition of WazirX on November 21, 2019. WazirX is available on the web, as well as on desktop and mobile devices.

WazirX Initial Setbacks

Soon after its launch, the platform suffered a setback when the RBI, India's financial regulatory organisation with headquarters in Mumbai, declared a banking ban on cryptocurrency and a three-month deadline for all cryptocurrency exchanges to cease operations. WazirX reacted quickly and effectively to this. It had to be ensured that Indians did not miss out on the global Blockchain revolution. With this in mind,

WazirX introduced WazirX P2P, the world's first auto-matching technology for P2P trading.

The WazirX exchange was a huge success. It reached a milestone of 100 crores of P2P deals, which is unusual in a bear market in India. The success of peer-to-peer (P2P) trades has demonstrated that the Indian market is open to crypto currency. WazirX has developed at a phenomenal rate of 50% every month, earning it the title of greatest crypto exchange in India. The exchange joyfully proclaimed their achievement to WazirX customers on their website, congratulating them with a "Namaste Tribe," a traditional Indian greeting.

Here's a look back at what went on at WazirX in January.

What happened in the previous month?

  • There are 20 new market pairs: Last month, we introduced 8 USDT tokens and 12 INR tokens to our USDT market! COCOS, AMP, CTXC, VOXEL, ONE, NEAR, ENS, POWR, ROSE, ANT, ARDR, GRT, OOKI, CREAM, BTTC, GLMR, ANY, and XNO are now available to buy, sell, and trade on WazirX. 
  • From January 4 to 14, 2022, WazirX and EasyFi teamed up for a variety of activities and incredible giveaways. There was a $47,100 prize up for grabs. 
  • WazirX and Ethereum Push Notification Service (EPNS) teamed up for a series of activities and incredible giveaways from January 27 to February 3, 2022. There was a reward of $25,500 up for grabs.
  • WazirX and UniLend teamed up for a Republic Day promotion that will run from January 27 through January 31, 2022. The goal was for everyone to be able to discover their financial freedom simply by entering the cryptoverse. The award was valued at $20,000 and was up for grabs.
  • Gurukul Kangri's Free Bilingual Blockchain Course: Gurukula Kangri (Deemed to be University) in cooperation with WazirX has launched a free education project for students. Siddharth Menon, Co-Founder of WazirX, can teach students everything they need to know about blockchain and cryptocurrency for free.
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What are we building?

* New coins: In the next weeks, we'll be adding more tokens to WazirX.

* AMM Protocol: Some of the protocols that our DEX relies on have experienced unanticipated delays. We are unable to go live as a result of this. We don't have an estimate for how long this will take right now. Please be assured that we are collaborating closely with the protocol team to speed up the process.

Some highlights

* Kannada is now available for crypto fans to browse their favourite crypto blogs!

* WRX will no longer be accepted for fee payment in INR marketplaces as of January 24, 2022. Rather, depending on your WRX balance on the exchange, it will assist in minimising your trading expenses. In the USDT, BTC, and WRX markets, you can still pay trading fees in WRX, but only in INR.

FAQ

Is WazirX good for crypto?

Of course! WazirX is a well-known cryptocurrency exchange. It is based in India and has a partnership with Binance, which adds to its reputation. Peer to peer networks can be used to transact a wide range of cryptocurrencies.

Wazirx accepts a number of popular cryptocurrencies, including bitcoin, Ethereum, Litecoin, Ripple, and others. They prioritise decentralised exchange in order to avoid dealing with middlemen.

Is WazirX safe for crypto trading?

Wazirx has evolved into a trustworthy and safe trading platform for Indian and international users to purchase, trade, and sell over 100 digital assets. WazirX was bought by Binance, the world's largest cryptocurrency exchange, in late 2019. Binance is a well-known and reputable cryptocurrency exchange.

Is it good to use WazirX?

WazirX is a crypto exchange that is safe, fast, and convenient to use on smartphones, Windows, and Mac computers.

Is WazirX safe and legal in India?

Wazirx has developed to become a trustworthy and safe trading platform for Indian and international users to purchase, trade, and sell over 100 digital assets. WazirX was purchased by Binance, the world's largest cryptocurrency exchange, in late 2019. Binance is a well-known and reputable blockchain exchange.

Is WazirX safe for long-term investment?

While popular platforms like WazirX are secure enough to retain (or HODL) your funds for as long as you need them, it's still a good idea to learn everything you can about how to avoid being scammed or falling victim to phishing with your cryptocurrencies.

Can WazirX coin reach $100?

Wazirx is a large crypto currency exchange in India. I am stating unequivocally that in the next 5 years or earlier, the price of a single Wazirx coin will be $100 (Rs 7500).