{"id":2334,"date":"2021-10-21T09:41:00","date_gmt":"2021-10-21T09:41:00","guid":{"rendered":"https:\/\/rakshithpai.com\/?p=2334"},"modified":"2022-08-17T08:33:00","modified_gmt":"2022-08-17T08:33:00","slug":"wazirx-review","status":"publish","type":"post","link":"https:\/\/rakshithpai.com\/wazirx-review\/","title":{"rendered":"WazirX Review 2022: Everything you need to know!"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662c5078a44a2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\" style='display:none' id=\"ez-toc-cssicon-toggle-item-662c5078a44a2\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Introduction\" title=\"Introduction:\">Introduction:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#How_WazirX_operate\" title=\"How WazirX operate:\">How WazirX operate:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Founders_of_WazirX\" title=\"Founders of WazirX:&nbsp;\">Founders of WazirX:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Customer_ratings_and_review\" title=\"Customer ratings and review:\">Customer ratings and review:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Payment_and_Checkout_mode\" title=\"Payment and Checkout mode:\">Payment and Checkout mode:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Safety_and_Security\" title=\"Safety and Security:\">Safety and Security:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#WazirX_brokerage_charges\" title=\"WazirX brokerage charges:\">WazirX brokerage charges:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#WazirX_review_%E2%80%93_Pros\" title=\"WazirX review &#8211; Pros:\">WazirX review &#8211; Pros:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#WazirX_review_%E2%80%93_Cons\" title=\"WazirX review &#8211; Cons:\">WazirX review &#8211; Cons:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#What_is_the_WazirX_coin_WRX\" title=\"What is the WazirX coin (WRX)?\">What is the WazirX coin (WRX)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Alternate_to_WazirX\" title=\"Alternate to WazirX:\">Alternate to WazirX:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Conclusion\" title=\"Conclusion:\">Conclusion:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#How_do_I_buy_Bitcoins_on_WazirX\" title=\"How do I buy Bitcoins on WazirX?\">How do I buy Bitcoins on WazirX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#FAQs_%E2%80%93_WazirX_review\" title=\"FAQ\u2019s &#8211; WazirX review:\">FAQ\u2019s &#8211; WazirX review:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Buying_your_first_Crypto_Watch_this\" title=\"Buying your first Crypto? Watch this:\">Buying your first Crypto? Watch this:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/rakshithpai.com\/wazirx-review\/#Also_read\" title=\"Also read:\">Also read:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><strong>Introduction:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Crypto investors require a trading platform for Bitcoin and other cryptocurrencies, the service is provided by the cryptocurrency exchange. They assist traders in monitoring the fluctuating market values of cryptocurrencies and facilitate trading by connecting buyers and sellers.<\/p>\n\n\n\n<p><strong>One of India\u2019s largest and most trusted Cryptocurrency exchange platforms is \u201cWazirX\u201d.<\/strong> It was started in the year 2017 when the world saw the first major volatile movement in the Crypto market. It was then, the crypto showed its true volatile sense.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/wazirx.com\/invite\/6qwz65xv\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open WazirX Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>Just a few weeks after the company launched its service platform. The Reserve Bank of India (<a href=\"https:\/\/rakshithpai.com\/rbi-functions\/\">RBI<\/a>) imposed a blanket ban on all virtual currency trade in India. There was uncertainty everywhere. But, the company stood strong through all these issues because they knew that cryptocurrencies are here to stay!<\/p>\n\n\n\n<p>Soon after the Supreme court order. The RBI came with another statement that virtual currency &#8211; the cryptocurrencies can be traded and no such limits shall be imposed.<\/p>\n\n\n\n<p>Infact, a new board for regulating the cryptocurrency market is right around the corner. If that comes up, the user need not worry about further uncertainty. And, a regulatory institution such as the SEBI for the stock market will be established.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_WazirX_operate\"><\/span><strong>How WazirX operate:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cryptocurrency exchanges such as \u2018WazirX\u2019 connect buyers and sellers looking to conduct business.<strong> They act as a platform as a service provider that connects the buyers and sellers of cryptocurrencies in India.<\/strong><\/p>\n\n\n\n<p>If you want to buy Bitcoin, Ethereum, and such other prominent cryptocurrencies in the safest and secure way, then, <strong>\u2018WazirX\u2019 is your best platform.<\/strong><\/p>\n\n\n\n<p><strong>We can summarize their operation as follows:<\/strong><\/p>\n\n\n\n<ol><li>To purchase bitcoin, you must first place an order at the desired price.<\/li><li>Now, in order to sell bitcoin, the seller must place an order.<\/li><li>If your price offer and the seller&#8217;s price offer are identical, the exchange connects you to the seller (on the backend), and the trade is completed.<\/li><\/ol>\n\n\n\n<p>It\u2019s almost like a Stock brokerage service platform such as \u2018Zerodha\u2019, \u2018Upstox\u2019 who deal with the Indian Stock Market. Here, \u2018WazirX\u2019 helps you with Cryptocurrencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Founders_of_WazirX\"><\/span><strong>Founders of WazirX:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Owned by &#8211; \u201cZanmai Labs Pvt. Ltd\u201d, Parent organization &#8211; <strong>\u201cBinance Holdings Limited\u201d<\/strong>.<\/p>\n\n\n\n<p>The founders of \u201cWazirX\u201d were also the co-founder of a startup called \u201cCrowdfire\u201d, a powerful social media tool used by businesses and individuals all over the world to drive social media engagement and growth.<\/p>\n\n\n\n<p>WazirX was founded in late 2017 when the founders saw an opportunity in the new blockchain technology and the revolutionary change it brings in the current financial system.<\/p>\n\n\n\n<p>WazirX was founded by Mr.Nischal Shetty, Mr. Sameer Mhatre, Mr.Siddharth Menon, and the team.<\/p>\n\n\n\n<p>Today, <strong>\u2018WazirX\u2019 is the most used Cryptocurrency brokerage platform in India.<\/strong> It provides a cryptocurrency exchange service for traders and even supports peer-to-peer exchanges. It works with all devices, including laptops, MacBooks, iPhones, and Android devices.<\/p>\n\n\n\n<p><strong>WazirX was recently acquired by Binance, the world&#8217;s largest trading platform.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Customer_ratings_and_review\"><\/span><strong>Customer ratings and review:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td><strong>Sl.No<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Particulars<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Customer ratings (Out of 10)<\/strong><\/td><\/tr><tr><td>1<\/td><td class=\"has-text-align-center\" data-align=\"center\">Brokerage Charges &amp; Fees<\/td><td class=\"has-text-align-center\" data-align=\"center\">9\/10<\/td><\/tr><tr><td>2<\/td><td class=\"has-text-align-center\" data-align=\"center\">Security of transaction<\/td><td class=\"has-text-align-center\" data-align=\"center\">9.5\/10<\/td><\/tr><tr><td>3<\/td><td class=\"has-text-align-center\" data-align=\"center\">Platform UI<\/td><td class=\"has-text-align-center\" data-align=\"center\">9\/10<\/td><\/tr><tr><td>4<\/td><td class=\"has-text-align-center\" data-align=\"center\">Products &amp; Services<\/td><td class=\"has-text-align-center\" data-align=\"center\">8.5\/10<\/td><\/tr><tr><td>5<\/td><td class=\"has-text-align-center\" data-align=\"center\">Trading Experience<\/td><td class=\"has-text-align-center\" data-align=\"center\">9\/10<\/td><\/tr><tr><td>6<\/td><td class=\"has-text-align-center\" data-align=\"center\">Customer Service<\/td><td class=\"has-text-align-center\" data-align=\"center\">9\/10<\/td><\/tr><tr><td>7<\/td><td class=\"has-text-align-center\" data-align=\"center\">Overall Experience<\/td><td class=\"has-text-align-center\" data-align=\"center\">9\/10<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Payment_and_Checkout_mode\"><\/span><strong>Payment and Checkout mode:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/wazirx.com\/invite\/6qwz65xv\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open WazirX Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>You can <strong>deposit your money in a \u201cWazirX wallet\u201d<\/strong> and trade or invest in various cryptocurrencies. To deposit, all you need is a bank account (which must be assigned to \u2018WazirX application), and then, <strong>via UPI, Net Banking, and such other usual services,<\/strong> you can deposit money.&nbsp;<\/p>\n\n\n\n<p>Withdrawing money from \u2018WazirX\u2019 is easier than ever. Just press on the <strong>withdrawal option in your application and the amount gets credited to your assigned bank account at the earliest possible time.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Safety_and_Security\"><\/span><strong>Safety and Security:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Each <strong>login to WazirX requires two-factor authentication.<\/strong> They notify customers via email and the notifications tab on their mobile device when a trade is completed successfully.<\/p>\n\n\n\n<p>WazirX provides you with an <strong>app lock that prevents an intruder from accessing your wallet.<\/strong> Additionally, <strong>they maintain cold storage for the majority of cryptocurrencies.<\/strong><\/p>\n\n\n\n<p><strong>It is amongst the top safest and widely used cryptocurrency exchange applications in India with an active user base stretching over 20 lakh in number.<\/strong> The platform hosts India\u2019s largest liquidity base in terms of rupee transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"WazirX_brokerage_charges\"><\/span><strong>WazirX brokerage charges:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>WazirX charges a maker and taker fee of 0.2 percent on spot trading.<\/strong> They do not charge any fees for cryptocurrency deposits. They do, however, charge a substantial fee for bank transfers.<\/p>\n\n\n\n<p>Withdrawals are charged at 0.0005 BTC per BTC and <strong>there is no fee for INR withdrawals.<\/strong><\/p>\n\n\n\n<p>WazirX accepts cryptocurrency deposits as well as bank transfers, NEFT &amp; RTGS, IMPS, and UPI. However, bank transfers and NEFT incur a fee of INR 5.9, whereas UPI transactions are almost entirely free.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"469\" height=\"361\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Bank-transfer.png\" alt=\"\" class=\"wp-image-2344\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Bank-transfer.png 469w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Bank-transfer-300x231.png 300w\" sizes=\"(max-width: 469px) 100vw, 469px\" \/><\/figure>\n\n\n\n<p>Making P2P transactions is free of charge. And, in case you need professional help. WazirX got that covered for you. With a 25% charge on your profit. You can get pro tips and suggestions. It has built the world&#8217;s first auto-order matching fiat P2P exchange.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/wazirx.com\/invite\/6qwz65xv\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open WazirX Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"WazirX_review_%E2%80%93_Pros\"><\/span><strong>WazirX review &#8211; Pros:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li><strong>Best In-class Security &#8211; <\/strong>WazirX is the most secure exchange. Regular security audits are done to ensure utmost care to the user end. It ensures a highly secured trading platform in India.<\/li><li><strong>Super Fast KYC &#8211; <\/strong>KYC stands for \u2018Know Your Customer\u2019. One of the biggest issues when it comes to trading cryptocurrencies is to set up an account. But, in the case of WazirX, the identification process is simple and just. While ensuring the right protocol is followed. Within a few steps, one can start a successful trading account.<\/li><li><strong>Efficient transaction &#8211; <\/strong>WazirX handles millions of transactions every single day. The well-built advanced infrastructure and an amazing User Interface (UI) allows for convenience and ease of transaction.<\/li><li><strong>Across platforms &#8211; <\/strong>WazirX offers a seamless and powerful trading experience across all platforms &#8211; on Web, Android &amp; iOS mobile, Windows, and Mac apps.<\/li><li><strong>User Interface &#8211; <\/strong>The User Interface is the one that we appreciate the most. It\u2019s an efficient tool. Trading on the WazirX platform is super fast, easy to use.<\/li><li><strong>Built and managed by professionals &#8211;<\/strong> With \u2018WazirX\u2019 you get a professional team of coders and passionate blockchain believers who work around the clock to make the user&#8217;s experience fruitful.<\/li><li><strong>Binance support &#8211; <\/strong>As said earlier, WazirX is a part of the world&#8217;s largest Crypto exchange &#8211; Binance. You get world-class service.<\/li><li><strong>P2P service &#8211; <\/strong>A peer-to-peer (P2P) service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. And, with WazirX, you get this platform free of cost.<\/li><li><strong>Experts opinion &#8211; <\/strong>You can hand over your Crypto wallet to a professional and let them manage your money. It\u2019s completely safe and professional. With a percentage of your profit as fees (25% of the profit), you\u2019ll get pro tips and advice.<\/li><li><strong>All cryptocurrencies at one platform &#8211; <\/strong>WazirX provides a platform to trade and invest in almost every cryptocurrency in existence (one that is accepted widely). It\u2019s a one-stop-shop for cryptocurrencies.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"WazirX_review_%E2%80%93_Cons\"><\/span><strong>WazirX review &#8211; Cons:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li><strong>Constant update &#8211;<\/strong> As you get used to the platform, you\u2019ll be shown a new phase of the update. Which is a requirement in the business. It might seem cumbersome for some users.<\/li><li><strong>Beta stage application &#8211;<\/strong> The mobile application is easy to use and at a beta stage with a very minimalistic UI. Hence, not many options are available for users.<\/li><li><strong>Brokerage charges &#8211; <\/strong>WazirX charges reasonable fees in regards to the maker and taker fees. But, no hidden charges.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_WazirX_coin_WRX\"><\/span><strong>What is the WazirX coin (WRX)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>WRX is a Binance-based token with a maximum market cap of 2 billion coins. You can trade WRX coins on WazirX, as their value has recently increased.<\/p>\n\n\n\n<p>If you pay the trading fee with WRX, you will receive a discount. Additionally, you can use WRX coins to purchase other cryptocurrencies on WazirX. Also, users who own WRX coins are eligible for airdrops on WazirX and a variety of other benefits.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Portfolio-683x1024.jpg\" alt=\"\" class=\"wp-image-2346\" width=\"298\" height=\"447\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Portfolio-683x1024.jpg 683w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Portfolio-200x300.jpg 200w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Portfolio-768x1152.jpg 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Portfolio.jpg 1000w\" sizes=\"(max-width: 298px) 100vw, 298px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Alternate_to_WazirX\"><\/span><strong>Alternate to WazirX:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>WazirX is the top best option in the segment of \u2018Cryptocurrency exchange\u2019 service providers. But, you also have other contenders. Such as;<\/p>\n\n\n\n<ol><li>WazirX &#8211; (Binance India)<\/li><li>Coinbase (India)<\/li><li>Zebpay<\/li><li>Coinbox<\/li><li>Kraken<\/li><li>Bitstamp<\/li><li>Bitfinex<\/li><li>OKEx<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-4 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/wazirx.com\/invite\/6qwz65xv\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open WazirX Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>Cryptocurrencies emerged as a means of decentralizing money following the 2008 financial crisis. There were some who believed that as more people purchased these coins, their value would increase and they could eventually replace paper currency.<\/p>\n\n\n\n<p>In reality, this is a possibility that cannot be ruled out. Money, as we know it, has evolved and taken on new forms over time. Indeed, the paper currency did not become popular until the 17th&nbsp;century. However, there are numerous obstacles that could prevent Bitcoin and cryptocurrency from supplanting the Dollar and Rupee.<\/p>\n\n\n\n<p><strong>Majority of&nbsp;governments may not accept crypto as a form of payment.<\/strong> Several of them have already implemented bans and restrictions on cryptocurrency trading.<\/p>\n\n\n\n<p>At the start of this year, the Indian government announced its intention to impose a complete ban on cryptocurrency and introduced a bill to that effect. It has since softened its stance and believes the proposal is out of date but is still unwilling to accept cryptocurrency as real money. Rather than that, it intends to list cryptocurrency as an asset class, bringing it closer to real estate than to actual money and the regulatory power to be handed over to SEBI.<\/p>\n\n\n\n<p><strong>Each economy is predicated on the government exercising control over its currency. This enables the government to determine the appropriate level of currency printing in response to external and internal pressures. When cryptocurrencies take the place of the rupee or the dollar, that power is lost. This is not something any government desires.<\/strong><\/p>\n\n\n\n<p>But, the future for cryptocurrency is not as dull as it sounds. In fact, <strong>we are literally looking at the &#8220;Paradigm shift&#8221; taking place right in front of us.<\/strong> If cryptocurrencies lead and win this fight. Then, the US dominance of power, the Chinese dominance of power, and the rest country&#8217;s governments ill faceted decisions that kill their individual&#8217;s wealth via inflation can be tackled at once.<\/p>\n\n\n\n<p><strong>If you wish to be part of this revolution. Something, that has a chance to succeed. Then, check out various cryptocurrencies available. Look for stable crypto that offers better returns with the safety of capital. In India, you can invest in cryptocurrencies via &#8220;WazirX&#8221;.<\/strong><\/p>\n\n\n\n<p>WazirX is an Indian cryptocurrency exchange platform that offers automated order fulfillment and STF investment. It is user-friendly for beginners, offers an excellent referral program, and has one of the best mobile trading apps. If you&#8217;re looking to begin your crypto investment journey, WazirX may be the place for you.<\/p>\n\n\n\n<p>Taking into account all of the features, such as security, beginner-friendliness, fee structure, user interface, deposit methods, and others. We believe WazirX is one of the best options for a beginner. WazirX, on the other hand, has a high maker and taker fee, which Zebpay or Coinbase (India) can compensate for.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_do_I_buy_Bitcoins_on_WazirX\"><\/span><strong>How do I buy Bitcoins on WazirX?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Step 1: <\/strong>Open a Bitcoin Wallet. To have your account opened. <strong><a href=\"https:\/\/wazirx.com\/invite\/6qwz65xv\">Click here!<\/a>&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>Step 2: <\/strong>Provide your account details such as Name, Phone number, Mail id and verify.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"419\" height=\"533\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Open-image.png\" alt=\"\" class=\"wp-image-2341\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Open-image.png 419w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/Open-image-236x300.png 236w\" sizes=\"(max-width: 419px) 100vw, 419px\" \/><\/figure>\n\n\n\n<p><strong>Step 3: <\/strong>Provide documents for KYC. Keep your Aadhar card and PAN details ready (You need to upload images).<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"699\" height=\"569\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/country-id.png\" alt=\"\" class=\"wp-image-2342\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/country-id.png 699w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/06\/country-id-300x244.png 300w\" sizes=\"(max-width: 699px) 100vw, 699px\" \/><\/figure>\n\n\n\n<p><strong>Step 4: <\/strong>Be in a well-lit area, you\u2019ll need to share a selfie \ud83d\ude09&nbsp;<\/p>\n\n\n\n<p><strong>Step 5<\/strong>: Set up your bank account.&nbsp;<\/p>\n\n\n\n<p>That\u2019s it! Once your application is approved. You are all set to go. Start trading will all the world&#8217;s cryptocurrencies.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-5 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/wazirx.com\/invite\/6qwz65xv\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open WazirX Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_%E2%80%93_WazirX_review\"><\/span><strong>FAQ\u2019s &#8211; WazirX review:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li><strong>How to Invest in Bitcoin in India?<\/strong><\/li><\/ol>\n\n\n\n<p>You can purchase bitcoin in India through trading platforms and then store it in your wallets. Additionally, you can purchase bitcoins through various platforms that facilitate peer-to-peer transactions, such as WazirX, Coinbase, and Zebpay.<\/p>\n\n\n\n<ol start=\"2\"><li><strong>How can I earn Bitcoin in India?<\/strong><\/li><\/ol>\n\n\n\n<p>There are numerous methods for earning Bitcoin. One could be employed in a field related to cryptocurrency and accept payments in Bitcoins. Additionally, you can earn bitcoins by simply accepting them as a form of payment at your business.<\/p>\n\n\n\n<ol start=\"3\"><li><strong>Can I buy Bitcoin with Rs. 100?<\/strong><\/li><\/ol>\n\n\n\n<p>Yes, with applications such as \u2018WazirX\u2019, you can buy Bitcoin, Ethereum, and such other cryptocurrencies with as little as Rs.100<\/p>\n\n\n\n<ol start=\"4\"><li><strong>Can I trust WazirX?<\/strong><\/li><\/ol>\n\n\n\n<p>Yes, you can completely trust the service provider. In terms of security, WazirX appears to conduct regular security audits in order to maintain a highly secure platform. This is reflected in their security score. The security score is \u201cC\u201d, which is in line with the global industry average, according to Mozilla&#8217;s Observatory test.<\/p>\n\n\n\n<ol start=\"5\"><li><strong>Will I get hacked?<\/strong><\/li><\/ol>\n\n\n\n<p>WazirX stores nearly 95% of the funds in offline cold storage, which protects them from hacking attempts. SO, your investments are completely safe.&nbsp;<\/p>\n\n\n\n<ol start=\"6\"><li><strong>Is it safe to give my details to WazirX?<\/strong><\/li><\/ol>\n\n\n\n<p>Yes. any details you give to \u2018WazirX\u2019 are for KYC requirements alone. It is done so to make the user experience fruitful. All your information is stored securely.&nbsp;<\/p>\n\n\n\n<ol start=\"7\"><li><strong>Can I deposit money in WazirX?<\/strong><\/li><\/ol>\n\n\n\n<p>Yes, It\u2019s all transparent. Once you assign your bank account to WazirX, you can deposit an amount as little as Rs.100 at once and start trading in cryptocurrencies.<\/p>\n\n\n\n<ol start=\"8\"><li><strong>Can I withdraw money from WazirX?<\/strong><\/li><\/ol>\n\n\n\n<p>Yes, your money once stored in WazirX will be shown in \u2018WazirX wallet\u2019. All you need to do is click on withdraw and the money will be credited to your bank account.<\/p>\n\n\n\n<ol start=\"9\"><li><strong>Will Indian government ban Bitcoin?<\/strong><\/li><\/ol>\n\n\n\n<p>No. In the current situation, a ban on Cryptocurrency is highly unlikely. In a democracy, no one is above the supreme justice system. And, in the words of Indian Supreme court, wherein the court issued a statement as follows &#8211; \u201cThe cryptocurrency can be accepted as a valid payment for legal<strong> <\/strong>transactions, and the payment system can be regulated by the RBI\u201d.<\/p>\n\n\n\n<ol start=\"10\"><li><strong>Is Bitcoin legal in India?<\/strong><\/li><\/ol>\n\n\n\n<p>Yes. Investing in Bitcoin and other cryptocurrencies is completely legal. The RBI circular clearly confirms the right to do transactions and do business with crypto firms.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Buying_your_first_Crypto_Watch_this\"><\/span><strong>Buying your first Crypto? Watch this:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe loading=\"lazy\" title=\"Buying your first crypto? Things you should know | WAZIRX EXPLAINS\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/XMc1gaYuIh4?list=PLOeafRbQHEI2HBes2_u4hfrHF5xoiAXtL\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-6 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/wazirx.com\/invite\/6qwz65xv\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open WazirX Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><strong><strong>Disclaimer: <\/strong><\/strong>All the information on this website is published in good faith and for general information purpose only.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_read\"><\/span><strong>Also read:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><a href=\"https:\/\/rakshithpai.com\/how-to-construct-a-profitable-investment-portfolio\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Construct a Profitable Investment Portfolio?<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/zerodha-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zerodha Review 2021: Everything you need to know!<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/best-psu-stocks-to-buy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Best PSU stocks to buy in India 2021<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/best-fmcg-stocks-to-buy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Best FMCG stocks to buy in India 2021<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/upstox-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">Upstox Review 2021: Everything you need to know!<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: Crypto investors require a trading platform for Bitcoin and other cryptocurrencies, the service is provided by the cryptocurrency exchange. They assist traders in monitoring the fluctuating market values of cryptocurrencies and facilitate trading by connecting buyers and sellers. One of India\u2019s largest and most trusted Cryptocurrency exchange platforms is \u201cWazirX\u201d. It was started in [&hellip;]<\/p>\n<div class='heateor_sss_sharing_container heateor_sss_vertical_sharing heateor_sss_bottom_sharing' style='width:44px;right: -10px;top: 100px;background-color: Dark Blue' data-heateor-sss-href='https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/2334'><div class=\"heateor_sss_sharing_ul\"><a aria-label=\"Facebook\" class=\"heateor_sss_facebook\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F2334\" title=\"Facebook\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg\" style=\"background-color:#0765FE;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg 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