According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Only INR from fiats, many cryptocurrencies, and tokens, no commissions for P2P, high terminal speed, 50% payments under the referral program
Our Evaluation of WazirX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
WazirX is a moderate-risk cryptocurrency exchange with the TU Overall Score of 5.21 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by WazirX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Experts consider WazirX as one of the most promising cryptocurrency exchanges. At the moment, over 140 assets are represented there and their number is constantly growing. Reference is made to the high speed of all types of transactions. The convenient highly protected proprietary trading terminal comes in Windows, Mac, iOS, and Android versions. This exchange is focused more on novice traders.
Brief Look at WazirX
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.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- variety of cryptocurrencies and tokens;
- you can replenish the balance using fiat currency;
- high-speed order execution;
- fast funds replenishment and withdrawals;
- the platform's proprietary token is traded without commission;
- simple interface, suitable for novice traders.
- overestimated commissions for individual assets;
- no discounts for high trading volumes.
TU Expert Advice
Author, Financial Expert at Traders Union
WazirX is a cryptocurrency exchange offering a wide range of digital assets, including Bitcoin, Ethereum, and Ripple, on its proprietary desktop and mobile platforms. The exchange supports only INR as a fiat currency, facilitating seamless integration within the Indian financial system. WazirX is known for high-speed transactions and a user-friendly interface, making it accessible for novice traders. Additionally, the platform does not charge fees on P2P transactions, offering an excellent advantage for users seeking cost-effective trading.
However, WazirX has some drawbacks, such as higher-than-average spot trading fees and the lack of volume-based discounts which may not favor high-frequency traders. The absence of certain advanced features, like cryptocurrency options and trading bots, may limit its appeal to more experienced individuals. Despite these issues, WazirX can be a suitable platform for novice and intermediate users who prioritize a variety of cryptocurrencies and a straightforward trading environment.
WazirX Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, INR |
| 💵 Deposit / Withdrawal: | Bank accounts, cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0,2%-0,2% |
| 🔧 Instruments: | 295 supported coins, Perpetual contracts, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | n/a |
| ⭐ Trading features: | Only INR from fiats, many cryptocurrencies, and tokens, no commissions for P2P, high terminal speed, 50% payments under the referral program |
| 🎁 Contests and bonuses: | n/a |
It is convenient to cooperate with WazirX due to low commissions, besides there are no commissions for the P2P segment at all. Taking into account the high operations speed and a well-considered trading terminal interface, WazirX could be considered as the optimal cryptocurrency exchange option for novice traders and professionals. Also, there is the possibility of passive earnings through the referral program for active traders.
WazirX Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Regulation and safety
With a 5/10 score, WazirX demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Cold wallet storage
- Investor protection fund
- Not government-regulated
- Successful hacks history
WazirX Security Factors
We also compared WazirX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| WazirX | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | Yes | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | No |
Is WazirX a regulated crypto exchange?
WazirX is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean WazirX is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at WazirX?
Yes, KYC verification is mandatory at WazirX. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is WazirX available?
WazirX complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact WazirX support.
Is WazirX available in the USA?
Yes, WazirX is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
WazirX commissions and fees
WazirX received a 7.25/10 score for its trading fees. While WazirX is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- No P2P fee
- Spot fee above industry average
- Withdrawal fee may be applied
What are WazirX trading fees?
We analyzed WazirX’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
WazirX trading fees vs competitors
| WazirX | Gemini | BitoPro | Industry average | |
| Spot, maker fee (%) | 0,2 | 0,1 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,35 | 0,2 | 0.194 |
| Futures, maker fee(%) | 0 | 0.024 | ||
| Futures, taker fee(%) | 0 | 0.053 |
What are WazirX deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 1,5 USDT |
Does WazirX offer P2P trading?
Yes, WazirX offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.WazirX P2P Fees
Deposit and withdrawal
WazirX received a 10/10 rating for its deposit and withdrawal services. WazirX supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- Bank transfers for deposits and withdrawals
- No deposit fees
- P2P for flexible transfers
- PayPal payments
- Withdrawal fee applies
Deposit and withdrawal options
WazirX supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, PayPal, Advcash Wallet, Google Pay, Apple Pay.
WazirX Deposit and withdrawal options vs competitors
| WazirX | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | Yes | No | Yes |
What is WazirX minimum deposit?
The minimum deposit at WazirX is 1000 INR USD/USDT or 0,0001 BTC. The minimum trade size is 100 INR USD/USDT, which also serves as the minimum amount required to start trading on the platform.
WazirX minimum deposit vs competitors
| WazirX | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1000 INR | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 100 INR | 0,00001 | 1 |
Does WazirX support fiat money?
WazirX supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
WazirX received a score of 5.5/10 in this category, reflecting a solid selection of tradable assets and markets. WazirX supports 295 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Fiat currencies supported
- Crypto futures available
- NTFs not available
- Crypto options not available
WazirX supported coins and markets vs competitors
We compared WazirX with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| WazirX | OKX | Kraken | |
| Supported coins | 295 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
WazirX passive income options vs competitors
We also compared WazirX with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
WazirX received a score of 7.1/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Advanced tools and automation with API
- Mobile indicators allowed
- Positive user feedback on the iOS app
- Full-featured trading on desktop
- No Face ID
- Android App score below 4 points
- No access to Copy Trading
Trading apps
WazirX provides web and mobile apps for both Android and iOS users, with an average rating of 4,2 on the App Store and 3,7 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the WazirX platform is for mobile use.
| WazirX | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does WazirX offer a desktop app?
Yes, WazirX offers a desktop app with full trading functionality. It supports advanced charting, fast execution, and is compatible with both Windows and macOS systems.
Does WazirX offer advanced charting with TradingView integration?
No, WazirX does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Unit at 10th Floor, WeWork, L&T Tower 1, Seawoods Grand Central, Seawoods, Navi Mumbai, Maharashtra 400 706, India. |
| Official site | wazirx.com |
Latest WazirX News
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i