Cryptocurrency is gradually becoming more and more popular. Though Bitcoin was the pioneer, there are now many different types of cryptocurrency. In this WazirX review, we’ll be taking a look at this particular exchange. WazirX is a P2P exchange that allows users to buy and sell cryptocurrencies. But is it safe to use? And should you trust it?
1. What is WazirX?
WazirX is a cryptocurrency exchange headquartered in Mumbai, India. The company is registered with the Securities and Exchange Board of India (SEBI) and is a member of the Bitcoin Association of India. Launched in December 2017, WazirX allows users to buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. WazirX also offers a peer-to-peer (P2P) trading platform where users can trade cryptocurrencies directly with each other.
2. How does WazirX work?
WazirX is a cryptocurrency exchange that allows users to buy, sell and trade cryptocurrencies. The exchange is based in India and was founded in January of 2019. WazirX is unique in that it allows users to buy cryptocurrencies with Indian rupees, which is a huge advantage in a country where crypto is booming. The exchange has quickly gained a reputation for being trustworthy and reliable, with over 200,000 users as of February of 2020.
3. WazirX review – trustworthiness
There’s a lot of trust that goes into cryptocurrency exchanges, and for good reason. After all, these platforms are where we store our hard-earned money, and we want to be sure that it’s safe and sound. So is WazirX safe? Well, the answer to that question isn’t entirely clear. There have been reports of hacks and stolen funds, as well as allegations of insider trading. However, the team at WazirX has been working hard to address these issues and make things right. They’ve also been transparent about what’s going on, which is definitely a good sign. Ultimately, it’s up to you to decide whether or not to trust the exchange. We recommend doing your own research before making a decision.
4. WazirX review – security
WazirX is a P2P cryptocurrency exchange that allows users to buy and sell Bitcoin and Ethereum. The company has been operational for over a year now, and has built up a good reputation in the crypto community. Security is a key concern for any exchange, and WazirX has taken several measures to ensure the safety of its users’ funds. They use 2-factor authentication and have implemented several other security features. The team at WazirX is also very active on social media, and regularly responds to queries from users. We highly recommend WazirX for anyone looking to trade cryptocurrencies.
5. WazirX review – features
WazirX is a digital asset exchange that operates in India. It allows users to buy, sell, and trade cryptocurrencies like bitcoin, Ethereum, Litecoin, and Bitcoin Cash. WazirX also offers a peer-to-peer platform where users can securely trade cryptocurrencies with each other. The exchange has been operational since January 2019 and has seen significant growth in its user base.
6. How Safe Is Wazirx?
WazirX is a relatively new cryptocurrency exchange that has made a big splash in the cryptosphere. Boasting features like an order book, peer-to-peer (p2p) trading and an intuitive user interface, WazirX has quickly become a favorite among traders. But with great power comes great responsibility, and many users are wondering: is WazirX safe? In this article, we will explore the safety of WazirX and give you our honest opinion.
7. Pros Of Wazirx Exchange
WazirX is one of the latest cryptocurrency exchanges to hit the market. Boasting a user-friendly interface, low trading fees and a wide range of cryptocurrencies, it’s no wonder that WazirX has been quickly gaining popularity. Here are some of the pros of using WazirX:
– Low Trading Fees: WazirX charges some of the lowest trading fees in the industry.
– A Wide Selection Of Cryptocurrencies: WazirX offers a wide range of cryptocurrencies, including Bitcoin, Ethereum and Litecoin.
– User-Friendly Interface: The WazirX interface is easy to use, making it perfect for beginners.
– Security: WazirX is one of the most secure exchanges in the world, with multiple layers of security features.
8. Cons Of Wazirx Exchange
There are several pros and cons of using the WazirX exchange. Let’s take a closer look at Cons:
1. The exchange has had some liquidity issues in the past.
2. There have been reports of stolen funds from WazirX users.
3. The exchange charges high fees for cryptocurrency trading.
4. The website is not yet translated into English.
5. There have been complaints about the customer support team not responding quickly enough to user queries.
9. WazirX Fees
Fees on WazirX are quite nominal when compared to other exchanges. There is a 0.1% fee on both buys and sells, which is lower than what most other exchanges charge. For example, BitMEX charges a 0.075% fee on all trades, while Binance charges a 0.1% fee on transactions made with its own token, BNB. Additionally, WazirX does not charge any deposit or withdrawal fees, which is another plus.
WazirX is a relatively new player in the crypto exchange space, but it has managed to make a big mark in a short amount of time. The exchange offers a user-friendly platform and a wide range of cryptocurrencies to trade, which has made it a favourite among investors. However, it’s important to do your own research before trusting any exchange with your money. In this WazirX review, we’ll take an in-depth look at the exchange and its pros and cons.