
WazirX was founded in 2018 and became India’s biggest and most trustworthy cryptocurrency exchange.
WazirX’s founder Nischal Shetty announced on Twitter on 7th May 2021 that WazirX added 2 million customers in 3 years and half of the customers joined WazirX in April 2021 alone.
That’s crazy growth of crypto investors in India, isn’t it?

WazirX became popular in India because of
- WazirX’s super easy-to-use interface
- Easy to deposit and withdraw funds
- Mobile and Web for crypto trading
- Integration with Binance app for investment into global currencies
- Low trading and transfer fees
WazirX is popular for crypto investments in India, similar to how Zerodha is popular for stock investments.
WazirX even has its own token WRX that you can use for paying transaction fees (and save 50% on trading fees).
You can start investing in cryptocurrencies by buying Bitcoins using Indian Rupees. Bitcoin is currently priced at around INR 20,00,000. But you can buy 0.0001 Bitcoin for Rs. 200 also.
You can buy bitcoins from your Android smartphone. I have explained the step-by-step process in the later section of the article.

Cryptocurrency Trading in India (is WazirX Safe in India)
Crypto exchanges were in existence prior to 2018.
RBI came out with a “Statement on Developmental and Regulatory Policies” in 2018. And directed banks to stop dealing with entities dealing in virtual currencies, i.e. cryptocurrencies.
With the recent Supreme Court Judgement of March 2020, chances are that there will be more crypto exchanges like WazirX coming up in India.
Banks are still hesitant to deal citing a lack of clarity. Like the recent news of ICICI Bank blocking net banking transactions for crypto trades.
Presently, there is no regulation that stops an individual from investing in cryptocurrency at his own risk.
Means, you can legally invest in cryptocurrencies as long as you are paying taxes on your profits.
But in case WazirX was asked to stop the operations, we would expect Binance to take care of our portfolio assets that we can sell in the global market.
I am not expecting a complete ban on cryptocurrencies in India but the government may regulate the exchanges which is good for the investors.
Government also wants that the people of India should not lose money into virtual currencies which are not backed by any assets.
Stay away from scammers and invest in strong cryptocurrencies.
How to Open Account With WazirX
#1. Sign Up on WazirX

Click in “sign up” tab to start free WazirX account opening process.
#2. Fill Details to Start Creating Account

You need to provide your email address and create a strong password to start creating your WazirX account.
#3. Email Verification and Account Security Setup

WazirX sends you an email for account verification on the email address provided by you. Just click on the verification received to proceed ahead with account creation.
Next, you need to set up your account security. WazirX offers two options for your account security.
- Google Authenticator App
- Mobile SMS service
You can choose either of the options. But the authenticator app is safer as compared to mobile SMS which is prone to delayed receipt and the possibility of SIM card hacking.
#4. Select Country and Choose Account

In the final step, you need to select your country. You have the flexibility to open your account with or without KYC. You can only deposit and trade on your WazirX account without KYC.
I suggest you to complete KYC as it may take some time for the documentation review and approval. You can withdraw money only after completing KYC.
For completing KYC you need to enter
- Full name as appearing on KYC document
- Date of birth
- Address as per the KYC document
Then you need to upload the scanned copy of your KYC documents and selfie. After which the account gets verified within 24-48 hours from WazirX.
A lot of people are signing WazirX after the recent price surge in bitcoins. Due to which the verification process may take time.
You can contact WazirX using Telegram or Twitter in case of further delays.
How to Buy Bitcoin on WazirX in India
You can buy Bitcoin (BTC) using your WazirX Account using Indian Rupees deposited in your WazirX account.
#1. Buy Bitcoin Using the “QuickBuy” Option on WazirX App
The “QuickBuy” option is available only on the WazirX app. You can purchase bitcoin or any other cryptocurrency in 3 simple steps.
Tap on Bitcoin or any other crypto that you want to buy. And select the “QuickBuy” option at the left-hand side bottom of the app.

Next, enter the amount for which you want to buy Bitcoins.

Slide the round button to the right to complete the transaction.

You will get a message as below once the purchase transaction is complete.

#2. Buy Bitcoin Using Exchange on WazirX Website
For buying Bitcoin login to your account and click on INR under section “Exchange”. This is a spot market for all the cryptocurrencies paired against INR.

On the screen, you will get all BTC/INR price charts, the order book details and the order entry form on the right-hand side as shown below.

Fill in the buy order form and click on “Buy BTC”. The order gets placed instantly and you will receive Bitcoins as soon as the order gets traded.
The order may take a few minutes to get executed depending on the sellers. You need to keep patience.
Once your order is complete, you will receive a 26 to 35 character bitcoin address. You will not receive any physical coin or an e-coin. The address is proof of your bitcoin ownership.
The address consists of the alphabet and numeric characters that begin with “3”, “1” or something like “bc1”.
For example, the bitcoin address may look like.

Different Ways to Transfer INR into WazirX
You can deposit a minimum of Rs. 100 in your WazirX account. There is no upper limit to the money deposit.
WazirX wallet allows INR deposits via IMPS, UPI, RTGS and NEFT.

For depositing INR in your wallet you need to login and click “Funds”. WazirX allows you to deposit and withdraw different cryptocurrencies.
Select the option “Rupee INR” and click on deposit. Then you will need to link your bank details with your WazirX account.
WazirX verifies your bank account details automatically. So that all future deposits and withdrawal transactions happen smoothly.
Steps to add bank account –
- Go to WazirX Account Settings
- Open tab – Payment Options
- Click – Add/ Remove Bank & UPI
- Enter Bank Account Number, IFSC Code and Account Type and save.
Next, you will be prompted for “Instant deposit using IMPS/ NEFT/ RTGS” and get WazirX bank details.
Note – that the screen shows an account number from HDFC Bank. This is the current account of WazirX maintained with HDFC Bank’s Mumbai branch.
You can safely transfer the money to the above account number.
Your money (in INR) will be credited to your WazirX account in a couple of hours if you have used UPI.
Money deposited using IMPS/ NEFT or RTGS may take 72 working hours (3 days) at the maximum.
WazirX charges deposit fee as under –
IMPS, NEFT, RTGS | Rs. 5.90 per transfer |
UPI | Rs. 4 per transfer |
WazirX Fees
Presently, WazirX collects two types of fees; Trading fees and Deposit & Withdrawal fees.
#1. WazirX Trading Fees
You can trade cryptocurrencies in two different markets, namely the spot market and P2P market.
Trading fees for spot market transactions
The trading fee is 0.20% for both the buyer and seller of the cryptocurrency pairs.
You would get a 50% discount on trading fees when you enable the option to use WRX token to pay translation fees.
Enable from Settings-> Fee Settings-> Pay Trading fees with WRX.
Trading fees for P2P market transactions
Presently, the P2P market has only eight currencies paired against USD Tether (USDT).
- Euro (EUR)
- Indonesia Rupee (IDR)
- Indian Rupee (INR)
- Nigerian Naira (NGN)
- Russian Rouble (RUB)
- Suadi Riyal (SAR)
- Turkish Lira (TRY)
- Ukrainian Hryvnia (UAH)
In India, you can enter only USDT/INR transactions.
The buy and sell fees are 0%.
#2. WazirX Deposit & Withdrawal Fees
Apart from the trading fees WazirX also charges withdrawal fees when you move your crypto or money. The withdrawal fees vary from currency to currency and are subject to minimum and maximum amounts.
But WazirX has not listed any deposit fees on the website. Only cryptocurrency-wise minimum deposit amount is mentioned.
For example, in case you wish to withdraw Bitcoin (BTC) then
Particulars | Amount |
Withdrawal fees for Bitcoin | 0.0006 BTC |
Minimum Withdraw Amount | 0.0012 BTC |
Maximum Withdraw Amount | 3 BTC |
Minimum Deposit Amount | 0 BTC |
Likewise, withdrawal fees for Tether USD is 5.57 USDT, and for WazirX is 1 WRX.
3. WazirX order cancellation charges
WazirX does not charge the trading fee upfront, meaning the fee amount is deducted after the trade is executed.
No order cancellation charges are mentioned on WazirX website.
WazirX Minimum & Maximum Investment
The minimum deposit amount is Rs. 100 in your WazirX account. There is no upper limit to the amount of money that you can deposit.
You can invest in a few of the cryptocurrency that costs less than Rs. 100. For example, TRON is presently priced at Rs. 5.72.
WazirX Crypto Coins
WazirX crypto coins (also called as WRX tokens) was launched to build a crypto community and reward the initial subscribers.
The total supply of the WRX coin is restricted to 1 billion. There are around 381,856,872 WRX coins in circulation with volumes of $2,536,454 traded in the last 24 hours as of 17 Feb 2023.
The current price of one WRX coin is approximately Rs. 16.40.
You can use WRX coin to pay trading fees for all your crypto trades.
Presently, WazirX offers a 50% trading fee discount if you use WRX coin to pay fees. The discount will be halved next year and will be removed after the fourth year.
WazirX & Binance Partnership
Binance is the largest cryptocurrency exchange with an average daily trading volume of $28 billion.
WazirX is an Indian bitcoin exchange based out of Mumbai. Binance acquired WazirX in 2019 creating a global market for WazirX investors.
This also means that you can now use the Binance platform to buy/sell hundreds of cryptocurrencies and create your own crypto assets portfolio using Indian Rupees.
You can fund your WazirX account and use it to purchase USD Tether. Then you can shift your UDST to Binance wallet and invest in global cryptos.
WazirX Features
#1. Accessible Across Platforms
WazirX trading platform can be accessed on Web, Android smartphones, Apple iOS mobiles, Windows and Mac systems.
You simply need to download the app from the Google Play Store or Apple Stores and get started. You can even directly login to the trading platform of the WazirX from their website.
#2. Range of Cryptocurrency
You can trade in over 100+ cryptocurrencies paired with USDT. USDT is a Tether USD currency that is 1:1 backed by US dollars.
As per Tether, the USDT is 100% backed by Tether’s reserve of US dollars. The conversion rate is 1 Tether USD equals 1 USD. But the price fluctuates depending on the demand and supply.
The last four months price movements of USDT in comparison to US Dollar is under
Currency | As on 1st Nov 2022 | As on 1st Dec 2022 | As on 1st Jan 2023 | As on 1st Feb 2023 |
USDT | 1 USDT | 1 USDT | 1 USDT | 1 USDT |
US Dollar | 1.0 USD | 1.0 USD | 0.9997 USD | 1.0001 USD |
Apart from USD Tether crypto pairs, you can also trade in Bitcoin (BTC) pairs, WRX coin pairs and INR pairs.
Crypto/INR pair helps you buy more than 50 cryptocurrencies directly with INR without first converting into BTC or USDT
#3. Speed Transaction
The platform has the capacity to handle millions of transactions smoothly but still sometimes WazirX platforms stop responding in the peak trading hours.
In case you see the platform not working, you can wait for some time or check their Twitter handle to get the latest status of ongoing issues.
In general, you get a super-fast trading experience that is at par with global standards.
#4. Access to Advanced Trading Tools
WazirX is built by a team of hardcore traders & passionate blockchain professionals. The exchange integrates all the features and charting tools of TradingView.
You can analyze prices and historical data using powerful graphs, indicators right from your mobile apps.
How to Buy Different Currencies Through WazirX
You can use two methods to buy cryptocurrency of your choice.
#1. Using Spot Exchange
You can use your WazirX account to access the Spot exchange market and look for the cryptocurrency that you want to buy.
On the WazirX platform, there are over 100 cryptocurrencies available for trading.
Before you buy you need to check the currency pairs. There will be two possibilities.
1. Currency paired with INR – Here you can directly place the buy order using the buy form and get the cryptocurrency of your choice.

For example, if you are looking to purchase Ethereum then you can directly fill the buy order form and get Ethereum because it has an INR pair.
2. Currency does not have an INR pair – In such cases first you need to look for the currency pairs. Most of the cryptocurrencies have a USDT pair.

You first need to purchase USDT. Once you have received USDT in your account you can use it to buy your much-needed currency.
For example, if you want to buy an Aion Coin (AION). The coin does not have an INR pair but has a USDT pair.
So first, you have to buy USDT and then use those USDT to purchase an Aion Coin.
#2. Using P2P Market

P2P (peer-to-peer) is a WazirX auto-order matching engine (market place) where you can buy and sell USDT (Tether) using INR.
Here WazirX acts as an escrow in the whole transaction so that your transaction is safe and honored.
You need to transfer money in the seller’s bank account registered with WazirX once your buy order is matched.
The P2P market is open 24×7. You can buy any amount of USDT and can pay in INR to the seller instead of routing it through WazirX.
You need to –
- Be an existing user registered with WazirX having an active account eligible for deposit and withdraw funds.
- Your KYC is complete
- Your bank details are verified
Buy USDT by Depositing INR in P2P
You need to directly pay to the seller after the buy order gets matched on the P2P marketplace.
Before you place a buy transaction, make sure that you have your IMPS linked bank account registered with WazirX ready.
Because as soon as the order is matched you get 60 minutes to make a payment and the next 30 minutes to confirm if you missed confirming the same in the first 60 minutes.
If you miss then the order will be canceled by WazirX and your account may get banned or penalized for a bogus transaction.
Steps to use the P2P Market
Step 1 – Log in to your WazirX account and select P2P marketplace. Place a USDT buy order using the order form as shown below.

Step 2- Wait for order matching

After the order gets matched below is how you will receive an order completion message

Step 4 – Initiate Money Payment to Seller

You have to deposit the amount directly into the seller’s account using the IMPS details shown by WazirX on your screen.
Pick the account number & IFSC code of the seller for IMPS payment. Remember to use the description exactly as shown on the screen.

Note – You have to pay the exact amount as reflected on your screen. Otherwise, the amount will get into a dispute.
Important – Do not round off the amount.
For example – I placed an order for 15 USDT but the order matched was of 14.88 USDT requiring payment of Rs. 1249.92.
Make sure that you pay the exact 1249 rupees and 92 paise only otherwise there will be a difference and the transaction will land into dispute.
Step 5 – After the payment is complete from your side. Confirm the payment to the seller & WazirX by clicking “I have paid” green button.

Once the seller receives the payment in his bank account he will confirm receipt of the same to WazirX.
WazirX will then transfer the escrowed USDT into your account.
It may take up to 4 hours for the fund transfer to the seller in the banking system. The seller will only confirm when he receives payment.
If he does not confirm then the order will automatically move to dispute. And you will get an email from the WazirX dispute team asking for the payment proof via email.
You need to supply the proof as requested within 15 minutes and the decision of the dispute team will be final.
WazirX has an escrow system where neither party can cheat. USDT will not get transferred into your account unless the seller confirms receipt of payment.
Buyers face penalty or account suspension if they wrongly confirm sending the money.
To have a robust P2P system WazirX also verifies KYC details of all the persons using the platform so that you can trade with ease.
Remember –
- You need to make the payment within 60 minutes to make the payment
- Additional 30 minutes to confirm the payment.
- Use IMPS related only to the bank account registered with WazirX
After you receive USDT, you can use them to purchase any other cryptocurrency.
How to Trade in WazirX

In order to trade on WazirX, you need to visit the exchange and select the base currency. WazirX has four base currencies segmented under USDT, BTC, WRX and INR.
Choose the currency that you want to buy/sell and get started by entering the order form on the platform itself.

For example, you can buy 1 Dogecoin at Rs. 54.4005 and later wait for the price to increase and then you can sell them at Rs. 56 and earn Rs. 2 profit per coin.
Trading in cryptocurrency goes 24 hours round the clock but the market is not as liquid as compared to shares trading.
Your buy or sell order may take some time to get completed. Till such time your order will show as an “open order”.
Open orders wait for an appropriate match in terms of price and quantity in the exchange books for that particular cryptocurrency.
Once both the price and quantity criteria get fulfilled your open order matches and the order gets executed.
For quick execution, you can place buy/sell orders near to the last traded prices.
How to Check Profit & Loss in WazirX
Go to the “Download Trading Report” option under the Account settings. Select the period for which you want to check profit.
Request trading report to check profit in WazirX.


Final Words
WazirX crypto exchange is a safe, fast and convenient crypto platform available on smartphones, Windows and Mac.
The platform lets you access 100 plus global cryptocurrencies through P2P, and spot exchange mechanisms.
WazirX crypto exchange helps you diversify your investment portfolio. Crypto enthusiasts in India should open WazirX account and definitely give it a try.
If you are looking for an advance trading platform with the DeFi application then you can read the comparison between WazirX vs CoinDCX.
WazirX is a cryptocurrency exchange based out of India that helps you trade in more than 100 cryptocurrencies across the globe. WazirX has been acquired by the Binance and allowed to represent Binance in India.
Account security is a top priority at WazirX.
WazirX employs two-factor authentication (2FA) based on Google app or mobile SMS. So that you know that your account is safe.
After the recent Supreme Court ruling WazirX is totally legal and the platform can be used to buy/ sell a host of cryptocurrencies.
WazirX is an online cryptocurrency exchange platform that lets you buy/ sell over 100 cryptocurrencies.
Follow instructions to open an account as per the section “Open an account with WazirX”. Use the details in the section “Different ways to transfer INR into WazirX” to fund your account.
Use the funds to buy cryptocurrency of your choice. Details in section “How to buy bitcoin on WazirX in India”.
Withdrawal limit differs from cryptocurrency to currency. Details of minimum withdrawal limits can be found on this page.
As of now, WazirX does not allow short-selling of any cryptocurrencies on its exchange platform.
Steps to withdraw rupee amount in your bank account are as under –
– Click on “Funds” on the top bar
– Tap on “Indian Rupee” and select “Withdraw”
– Check your linked bank details
– Enter the amount that you wish to withdraw and click “Withdraw”
In order to send bitcoins to another cryptocurrency wallet, you must have the alpha-numeric crypto address with you.
In order to send bitcoins to another wallet, you must have the alpha-numeric crypto address with you.
Follow the below instructions to send bitcoins to any other wallet from WazirX
1. Click on “Funds” on the top right
2. Select Bitcoins or any other coin that you wish to withdraw/send
3. Click on the “Withdraw” button
4. Fill in the destination address. X-check the address
5. Enter the coin amount
6. Add remarks to remember
7. Click “Proceed”. Enter the OTP received and click “Confirm”
8. Open your linked email and click on “Approve this withdrawal” to complete a withdrawal.
You can reach them using the request form on the support page. Or use their social channels like Facebook and Twitter to communicate.
Without KYC you can only deposit your existing cryptos, if you have any. With the cryptos in your account you can do trading.
But with complete KYC you can deposit INR, withdraw money and undertake P2P transactions.
There is no formal route to delete your WazirX account. The only thing that you can do is transfer all your money and cryptocurrency to some other account.
Then you can request WazirX to close your account using the “Submit a request” form.
WazirX charges 0.20% trading fees on most of the crypto pairs.
This is different from your stockbroker who collects fees for exchange charges, STT, clearing charges, SEBI charges, stamp duty resulting in the need for a brokerage calculator.
Your site is very interesting and effective, Thanks for sharing!
Rs.1 CREDITED IN OUR ACCOUNT BUT STILL NOW BANK ACCOUNT VERIFICATION IS IN PROGRESS in wazirix. WHEN WILL CONFIRM MY BANK ACCOUNT?. IT IS PENDING MORE THAN 2 DAYS.
WazirX team manually verifies the Bank account if it is showing “under processing state” which may take some time.
There are only two reasons why your Bank account/UPI might not get verified.
1) Incorrect Bank details linked. Here the bank account number or IFSC link is completely incorrect.
2) Bank details are valid but Name mismatch. This means the Name on WazirX and the name on the Bank account is not matching.
If you suspect any error then you can remove the bank account and add the correct account again using Add/remove option.
Or you have the option to get in touch with their support team.
Nice post. I learn something new and challenging on sites I stumbleupon every
day. It’s always useful to read content from other writers and use something from other web sites.
Hi, i have question, i have accounts in crypto exchange apps like wazirx,coinbase,etc but i haven’t done any transactions or exchanges,so if crypto gets ban in india should i pay any charges for holding the accounts?
No
Sir when I was trying to upload my PAN it’s showing already taken. I have fund in my new Wazirix account. How can I solve my problems sir.
Contact WazirX support team.
Sir 6years Back I was using a wazirx account I have forgotten my password and I have lost my sim I can’t able to re set the password.
Thats why I opened a new wazirx account I Have deposited money, But My KYC is not able to update how can I solve my problem please let me know.
You need to get in touch with the WazirX support team.
You can submit your request at https://support.wazirx.com/hc/en-us/requests/new and also on Twitter at https://twitter.com/wazirxindia
1. MY KYC is approved. My bank details verified. Rs 1 credited. But still i am not able to deposit or withdraw anything from wazirx.
2. Then i open binance. purchase usdt through p2p with inr. purchase BTC but cannot withdraw in INR.
3. Then i match binance and wazir, shift partly usdt and btc from binance. Now still i cant withdraw. P2p is endless wait on wazir, however binance is very fast.
4. if i cannot have the ease of deposit and withdraw cash in inr… then i think my asset is not safe
kindly help advice
1. The minimum deposit in WazirX account is Rs. 100. Please check with wazirX at https://twitter.com/wazirxindia regarding the deposit/withdraw-related issue.
2. WazirX is adding banking partners. This may take some time. But still you can withdraw INR as per their recent tweet.
3. Binance and WazirX are different platforms. WazirX was acquired by Binance. But the INR deposits/ withdrawal happens through WazirX. WazirX P2P platform is active and picking up.
Hi Pardeep, was more interested to know about your personal experience as subject line of the article but it’s all about how to use WazirX. Would have appreciated if you could share your personal experience and comparison with other Crypto exchanges.
I will consider your feedback in my next article update
I created my account with wazirx and verified my bank account with them.
Later, I tried to deposit money in their bank and entered wrong beneficiary name by mistake. And now money is not added in wallet and deducted from my side.
there support is not responding.
Is there any way, someone could help me out ?
Thanks in advance.
If there is any mismatch between the account number and the name then the money will be credited back into your account.
But this may take 2 to 10 days time.
Hi Pardeep,
Is there any clarity on taxing of gains from crypto transactions?
Especially the WRX coins?
Initial WRX coins were given to users as signing up bonus, and periodically unlocked. So, now one paid any buying fee for WRX coins then.
Now, if someone sells these WRX gains (1 WRX token is now almost 230 rupees. That has been a parabolic growth!), they’ll make big gains from WRX coins they acquired without paying anything.
How would these capital gains be addressed?
I would suggest you to consult with a CA or financial advisor
hello,
if place one Order for buy or sell What are the time period
Crypto exchanges are open for 24 hours
What does an open order means and when does it gets completed? I have tried to but some cryptocurrencies but it always comes in open order and not the completed one. Can you please guide me through it?
Thank you
Open orders are orders that did not find a match on the exchange order book for a particular asset.
When you enter a buy or sell order, it goes to the exchange order book and waits there till it gets a match. Till such time the order is available for matching or said to be an”open order”. When it finds a match then the order gets completed/executed.
Mismatching can be because of two things –
Price – Suppose you entered a sell order- with a price higher than the already existing sell orders. Then your order will be placed lower on the order book. Similarly, if you have entered a buy order with a price lower than the already existing buy orders, then your order will be placed lower on the order book. You need to wait till the trading happens at your price.
Quantity – If you are selling, then there should be a buyer who is ready to purchase an equal or a larger quantity than what you are selling. Vice versa if you are buying, then there should be a seller who is willing to sell equal to or greater quantity than your buying quantity.
The matching and subsequent completion of trade will happen only when both the price and quantity criteria gets fulfilled.
For best results, you can place orders (buy/sell) near to the last traded prices with lower quantities to get a quick match. But that may increase your trading cost.
In wazirx buying price and selling price is different at a time ??? Like switch coin kuber
WazirX is an exchange. Like BSE or NSE, every time the order book will show buy price and sell price along with the volume.
The buy price will always be less than the sell price everywhere. Whether it is CoinSwitch Kuber, WazirX, BSE or NSE.
That’s because the buyers will always be willing to purchase at a lower price and the sellers will try to sell at a higher price. So at a particular time, the order book will show a different buying and selling price.
When I withdraw after selling, can I withdraw it in INR also? Or is it only possible to withdraw in bitcoins etc here?
Yes, you can withdraw funds in INR. Steps to withdraw INR into your bank account-
1. Click on “Funds” on the top bar
2. Tap on “Indian Rupee” and select “Withdraw”
3. Check your linked bank details
4. Enter amount that you wish to withdraw and click “Withdraw”
WazirX charges for instant withdrawal – 10 INR per withdrawal.
For NEFT withdrawals – 5 INR per withdrawal
You can also withdraw/send Bitcoins from your WazirX account to another wallet or exchange.
Steps –
1. Click on “Funds” on the top right
2. Select Bitcoins or any other coin that you wish to withdraw/send
3. Click on “Withdraw” button
4. Fill in the destination address. X-check the address
5. Enter the coin amount
6. Add remarks to remember
7. Click “Proceed”. Enter the OTP received and click “Confirm”
8. Open your linked email and click on “Approve this withdrawal” to complete withdrawal.
For BTC the minimum withdrawal amount is 0.001BTC and max is 3BTC and the withdrawal fees is 0.0006BTC at WazirX.
MY bank details still not verify How much time will Take to verify now is more than 20 Days from 20 days is showing (your bank account verification is pending your Kyc under review. your bank account details will be verified after your Kyc is approved) please let me know How much time will take
WazirX is ramping up its support team.
You can try reaching them on Twitter (@wazirxindia) OR WazirX Telegram channel (https://t.me/wazirx)
How the customer feel safe whether customer care number or their address not disclosed, my friend facing refund issue, so horrified. Too much risky to get your hard earned money.
You can get in touch at Twitter (@wazirxindia) OR through the Telegram channel (https://t.me/wazirx)
I have transfer amount form my bank account to wazirx app, after latse of 3 days I have not found my mony baider at this app not received back in my bank account. No response of email or cunsumer help center very worst experience
WazirX is experiencing a rush in the number of users. It may be due to the recent price surge in cryptocurrencies.
This is also reflected by the recent Nischal tweet.
If customer care & emails have not being replied then you can reach WazirX on Twitter – https://twitter.com/wazirxindia OR Telegram (https://t.me/wazirx
I purchased bitcoins on wazirx but did not receive any bitcoin address after my purchase , the 26-35 characters long address which consist of alphabetic and numeric. why is that ?
Sent a email to their customer care but still no reply.
Im having second thoughts about the legitimacy of wazirx
The long alpha-numeric characters that you received after the purchase are the Bitcoin address. And the same needs to be stored safely.
Cryptocurrency like Bitcoin has a global appeal but the crypto exchanges and cryptocurrencies are not regulated by any entity or government.
In India, WazirX is the largest crypto exchange. You can check their Twitter -https://twitter.com/wazirxindia
As per recent Inc 42 article – WazirX, along with other exchanges are coming up with a self-regulatory code for crypto exchanges in the country. https://inc42.com/buzz/union-budget-2021-indias-crypto-startups-seek-clarity-on-taxes-more/
I am not able to add funds in wazirx . When it will work again .Why it is showing unable to fetch. Everything is verified. Why I am no able to do in INR transaction. Please guide.
Thanks in advance for the guidance.
I have added a section “Different Ways to Transfer INR into WazirX”. Please check and let me know if you still face any issue.
Nice and very informative article. Thanks for putting this up. I read recently we need digital wallet to store crypto-currency securely. Does wazirx come with such secure wallet?
Is signing up with wazirx enough to buy and hold my BTC for long term (say 3 to 5 years) or do I need to get additional wallet? I do not intend to trade, just invest in BTC for long term.
Having a separate bitcoin wallet helps store bitcoins and other cryptocurrencies safely and securely for any length of time.
WazirX is a crypto exchange that helps you buy, trade and store your bitcoins in its exchange wallet. WazirX security features can be checked at – https://support.wazirx.com/hc/en-us/sections/360000342873-Security
But exchange wallets are continuously online and do carry risk.
If you just want to invest and hold for a long time period its better to get a separate wallet for storing your bitcoins. More details and the list of best bitcoin wallets -https://www.cashoverflow.in/best-bitcoin-wallet-india/
Is Wazir X legal in india
yes. it’s legal
How much time it will take to verify bank details?
2-3 working days