deposit:
- $1
Trading platform:
- Proprietary platform
- Only INR from fiats, many cryptocurrencies, and tokens, no commissions for P2P, high terminal speed, 50% payments under the referral program
Summary of WazirX Crypto Exchange
WazirX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.48 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 consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. WazirX ranks 41 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
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.
💰 Account currency: | Cryptocurrencies, INR |
---|---|
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | 1:1 |
💱 Spread: | Market |
🔧 Instruments: | Cryptocurrencies, INR |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with WazirX:
- 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.
👎 Disadvantages of WazirX:
- overestimated commissions for individual assets;
- no discounts for high trading volumes.
Evaluation of the most influential parameters of WazirX
NOTE!
Do not miss a chance to get additional monthly bonuses and payouts for trading at WazirX cryptocurrency exchange.
Enter the referral code when you register on the website or WazirX app.
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*TU may receive partnership reward for registration of the client on the company’s website on a referral link.
Geographic Distribution of WazirX Traders
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Expert Review of WazirX
The WazirX cryptocurrency exchange is just beginning its journey, it was created in 2018. During the past three years, the platform has developed its proprietary trading terminal, which is provided in four versions, two for a desktop, and two for mobiles. The terminal interface is rated as intuitive and because it is user-friendly, it is ideal for novice traders. Also, it is functionally up there with the best segment representatives.
WazirX permits most trading strategies, including scalping. Limits and commissions depend on the selected currency (there are no commissions for P2P). This may be unusual and even inconvenient, but it should be considered more as a nuance, rather than a disadvantage. Also, some traders point to the absence of a call center, although, in general, the technical support meets the appropriate requirements.
The cryptocurrency exchange doesn’t have investment programs. As for passive earnings possibilities, an affiliate program with a referral link is offered, due to which the user gets 50% of the commissions on his transferals’ transactions. Please note that only Indian Rupee (INR) is available on the exchange. Stability and high speed of operations are among the conceptual advantages of the platform.
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Dynamics of WazirX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The WazirX cryptocurrency exchange doesn’t offer investment programs. Traders registered on the site can only earn income by trading cryptocurrencies and tokens.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Affiliate programs of WazirX
The cryptocurrency exchange WazirX uses a standard affiliate program. Traders get payments from the commissions of invited users. The algorithm for participation in the program is as follows:
Register on a cryptocurrency exchange, and go through verification. After registration, you will receive a personal referral link to be sent to other people.
A user who registers on the WazirX cryptocurrency exchange using your link will become a referral. Each referral will bring you 50% of the commission on their trades.
All income from the referral program shall be paid to your wallet within 24 hours after the commission for the referral's transaction is withdrawn. The program is indefinite and single-level.
Trading Conditions for WazirX Users
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.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
💻 Trading platform: | Proprietary platform |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Cryptocurrencies, INR |
💵 Replenishment / Withdrawal: | Bank accounts, cryptocurrency wallets |
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | From 0 |
💱 Spread: | Market |
🔧 Instruments: | Cryptocurrencies, INR |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders 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 |
Broker comparison table of trading instruments
WazirX | Bybit | MEXC | Binance | OKX | Lbank | |
Forex | No | No | No | Yes | No | No |
Metalls | No | No | No | No | No | No |
Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
CFD | No | No | No | No | No | No |
Indexes | No | No | No | No | No | No |
Stock | No | No | No | No | No | No |
ETF | No | No | No | No | No | Yes |
Options | No | No | No | No | No | No |
WazirX Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Standard | From 0.2% per market order | Yes |
Some commissions apply to STF instruments. The profit fee is 25%, the transaction limits are from $5 to $100,000. In general, Wazir’s commissions are the same as its competitor's or less. Here's a comparison to some of the other cryptocurrency exchanges:
Broker | Average commission | Level |
WazirX | $0.2 | Low |
Binance | $6 | Medium |
Bybit | $20 | High |
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 |
Disclaimer:
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.
Read also about other cryptocurrency exchanges:
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FAQs
Do reviews by traders influence the WazirX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about WazirX you need to go to the broker's profile.
How to leave a review about WazirX on the Traders Union website?
To leave a review about WazirX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about WazirX on a non-Traders Union client?
Anyone can leave feedback about WazirX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.