CoinDCX vs WazirX: Fees, Coins, Safety Comparison
| Feature | CoinDCX | WazirX |
|---|---|---|
Overall |
2.2 |
3.8 |
1 |
3.0 |
|
2.7 |
4.1 |
|
2.8 |
4.5 |
|
Investment Instruments |
2.1 |
4.1 |
Platforms and Charting Tools |
2.4 |
3.7 |
Deposit and Withdrawal |
2.2 |
3.4 |
Research |
2.5 |
4.6 |
Education |
2.1 |
4.0 |
Support |
1.7 |
3.7 |
Bonuses |
2.2 |
3.1 |
|
Your capital is at risk.
|
CoinDCX vs WazirX: Pros and Cons
The CoinDCX exchange is a platform for spot, margin, and futures trading using cryptocurrencies and tokens. CoinDCX’s clients have access to Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, AAVE, NEO, PAX, and many other assets. Only Indian rupees are represented as fiat currency. The leverage for the spot is x6 and x20 for margin trading. Fees for trades are determined by the volume of trades. The largest fee is 0.1% for taker/maker. The exchange offers several options for investing in cryptocurrencies, including staking and lending in addition to cryptocurrency trading. There is a referral program with fixed payments for each partner. An exchange feature is its proprietary academy with an extensive database and guides, including video courses on cryptocurrency trading.
The WazirX exchange is a cryptocurrency exchange and trading platform. The site offers such assets as Bitcoin, Ethereum, Ripple, Litecoin, and others. The WRX is the platform's proprietary token, which was created to draw attention to the site and is the essence of the cryptocurrency exchange ecosystem. You can exchange the WRX token for cryptocurrencies and other tokenized assets. The company has developed its own trading terminal with a high degree of protection. The terminal is provided in desktop and mobile versions. The system’s infrastructure can vary scale in a few seconds to meet a growing demand and ensure high transaction rates. It is a young Indian exchange that uses advanced technologies and offers comfortable trading terms.
| CoinDCX | WazirX | |
|---|---|---|
| Overall Pros | the most popular cryptocurrencies and coins are present; | 2 FA Authentication |
| significant leverage for spot and margin; | Low Minimum Deposit | |
| all major cryptocurrencies are traded on the exchange; | Passive Income With Staking | |
| simple and functional TradingView terminal; | Minimum maker fee $0 | |
| proprietary applications for mobile trading; | Indicators Available | |
| low commission fees (up to 0.04/0.06% for maker/taker); | Derivatives, NFT Available | |
| several options for investing in cryptocurrency; | Strong Research | |
| convenient investment system with a customizable portfolio; | ||
| high levels of security; | ||
| Overall Cons | only Indian rupees are represented in the range of fiats; | No tier-1 Regulation |
| demo accounts are not available; | Market and Trailing Stop orders are not available. | |
| Only 1 fiat currency supported – INR | ||
| Deposits and withdrawals via e-wallets are not available | ||
| No Special Offers |
CoinDCX vs WazirX: Safety and Regulation
| Regulated By: | CoinDCX | WazirX |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
CoinDCX vs WazirX: Trading Conditions
| Trading Conditions | CoinDCX | WazirX |
|---|---|---|
Minimum Deposit |
100 INR |
INR 100 ($1) |
Trading Platforms |
TradingView |
Web, mobile |
Max Leverage (Futures) |
1-20 |
1:1 |
Number of Markets |
250+ |
236 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, INR |
INR, 50+ Crypto |
CoinDCX vs WazirX: Fees
Trading Fees
| Fee | CoinDCX | WazirX |
|---|---|---|
Max Maker |
0.200% |
0.2% |
Max Taker |
0.200% |
0.2% |
Min Maker |
0.040% |
0 |
Min Taker |
0.060% |
0 |
Debit/Credit Card Purchase Fee |
0 |
- |
Futures Trading fees
| Fee | CoinDCX | WazirX |
|---|---|---|
Max Maker |
0.200% |
not supported |
Max Taker |
0.200% |
not supported |
Min Maker |
0.040% |
not supported |
Min Taker |
0.060% |
not supported |
Non-Trading Fees
| Fee | CoinDCX | WazirX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No for fiat deposit |
Bank Transfer Withdrawal Fee |
Not supported |
10 INR |
Debit/Credit Card Withdrawal Fee |
Not supported |
10 INR |
BTC Withdrawal Fee |
0.0005 BTC |
- |
Inactivity Fee |
No |
No |
CoinDCX vs WazirX: Trading Assets
| Asset Name | CoinDCX | WazirX |
|---|---|---|
Overall |
250+ |
|
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
CoinDCX or WazirX: Investment Programs
| Asset Name | CoinDCX | WazirX |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: WazirX or CoinDCX
| CoinDCX | WazirX | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: WazirX or CoinDCX
| CoinDCX | WazirX | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: WazirX or CoinDCX
| CoinDCX | WazirX | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: WazirX or CoinDCX
| CoinDCX | WazirX | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: WazirX or CoinDCX
| CoinDCX | WazirX | |
|---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
CoinDCX vs WazirX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | CoinDCX | WazirX |
|---|---|---|
Bank Transfer |
Yes |
No |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
CoinDCX vs WazirX: Research
| Research Type | CoinDCX | WazirX |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
CoinDCX vs WazirX: Education
| Education Type | CoinDCX | WazirX |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
WazirX vs CoinDCX: Support
| Support Features | CoinDCX | WazirX |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
CoinDCX vs WazirX: Crypto Bonuses and Promo
| Promo | CoinDCX | WazirX |
|---|---|---|
Crypto Bonus |
Bug Bounty program |
No |
Affiliate Program |
Each user who follows this link and actively trades on the exchange will bring you ₮25 (USDT). |
50% of the trading fees paid by the referred user |
|
Your capital is at risk.
|
Top 5 Reviews on WazirX
-
Comment
WazirX boasts an extensive selection of cryptocurrencies. But the fee structure is disproportionately high compared to competitors, eating into profits and discouraging active trading. Hidden fees and unclear pricing models only add to the frustration, leaving traders feeling nickel-and-dimed at every turn.
-
Comment
Of course, they threw me beautifully at WazirX. At first everyone was so friendly. Filled them with money - immediately the attitude changed. And then they just did everything to drain my money. I do not recommend!
-
Comment
I can't call WazirX normal. They interfere with work, so it’s impossible to trade profitably. They leaked me a couple of times, I decided to leave. I withdrew the balance from the account for 2 months. I do not recommend trading with this company.
-
Comment
I decided to open a trading account with WazirX. I registered, and immediately the manager of this company called me. I didn't like his aggressive demeanor. I told him about it. In response, insults rained down. I immediately knew who I was dealing with. Didn't even make money.
-
Comment
This is my first time working with the Indian stock exchange, although I have heard that this country is actively developing in the field of technology. And WazirX seems to be a good exchange. Assets are popular, for the most part, except that you need to get confused with commissions, for some cryptocurrencies they are not very profitable. But the terminal is great! Clear, simple, I still have enough functionality, but we'll see. This is enough for my current level, but I think if I decide to increase volumes, I won’t stay at WazirX: it’s more pleasant to have bonuses at high volumes, which WazirX cannot offer. I recommend it for beginners and amateurs. There will be no problems with speed, replenishment and withdrawal. The rest is up to you and your work.
Top 5 Reviews on CoinDCX
-
Comment
coindcx is a normal crypto broker, although not very popular. It should run an advertising campaign to have more clients. coindcx has something to show. The performance of the platform is something that few companies can boast of. The conditions may not be the most favorable, but they are acceptable. I have already traded with it enough to understand that my choice is right. The broker is honest.
-
Comment
I switched to CoinDCX from another broker, for some reason I decided that this is a great company. As a result: the trading platform works disgustingly, there are hidden commissions when withdrawing money, and in general, the withdrawal takes a long time. I can't say enough good things about this company.
-
Comment
For the CoinDCX company, I can note that it was opened for money laundering in the cryptocurrency market. There are already so many reviews about CoinDCX that it would be simply disrespectful to yourself not to bypass this broker.
-
Comment
Initially, I came to the CoinDCX cryptocurrency exchange for active trading. There is a large selection of digital currencies and tokens, as well as low commissions for makers and takers. However, then I discovered that this company also offers earnings on loans. You can lend digital currencies to your colleagues and get up to 10% interest. Alternatively, CoinDCX also offers staking, but the rate will be lower there. The company expects long-term cooperation with its investors, therefore, it works honestly.
-
Comment
CoinDCX doesn't just offer tutorials for beginners and professionals, there are really smart articles and guides here. I think that it was thanks to this and the client-oriented policy of the company that I did not lose my deposit. You can rely on the support. The staff of the brokerage organization helped me sort out both trading on the site and investment opportunities. The exchange has made sure that traders are comfortable working with it. I am ready to recommend this trading platform to others.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.