India’s No 1 cryptocurrency exchange - WazirX review 2021: Is it safe and legal? Reliability and customer care services

WazirX is most popular cryptocurrency exchange platform and become number one due to its user-friendly interface, easy to operate and availability of wide range of coins in INR, USDT, WRX and BTC series. It has its own cryptocurrency coin as WRX tokens.

India’s No 1 cryptocurrency exchange - WazirX review 2021: Is it safe and legal? Reliability and customer care services

WazirX is India’s No. 1 cryptocurrency exchange and provides the maximum numbers of coins in INR compare to any other crypto exchange in India. Best on our experience and market research, here we are reviewing the WaziX for its safety feature, is it legal in India, Reliability and how is the customer care services. You will also get details about its complete features, what WaziX offers, its interface, charts and ease of operation. You will also learn how it is easy to trade in WazirX.

WazirX is owned by Binance, the world's largest cryptocurrency exchange by trading volume, this increases the future aspects of WazirX in India.

WazirX Review 2021: Main features

Here are the main features of WazirX

WazirX is the most reliable, most secured, easy to use and quick trading cryptocurrency exchange platform in India based on traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes.

WazirX is an Indian crypto exchange platform with the maximum number of users, its 24-hour trading volume stood at $218 million with 137 coins available for trading to customers.

WazirX offers quick and easiest way of trading in cryptocurrency, you can start trading by following a few simple steps such as registering, completing KYC, depositing INR and placing an order.

WazirX also offers UPI deposit mode outside of NEFT / RTGS / IMPS / bank transfer.

WazirX offers transfer of crypto assets to your WazirX wallet.
WazirX allows you to buy or sell USDT through the P2P exchange and does not charge you any fees.

WazirX offers 68 Coins for trading in INR which is the highest number compare with other cryptocurrency exchanges in India.

WazirX offers advance feature of trading where their expert traders may maintain customer portfolio by paying them a percentage of their profits.

The WRX coin/ token can be used to trade and pay your trading fees on WazirX.
WazirX offers withdrawal of INR directly to your registered bank account within few seconds and allows safe transfer of a crypto asset to your wallet.

WazirX trading fees are approximately same as of its competitors in the market.
WazirX offers a simple app and can be downloaded from the Play Store or the App Store.

WazirX offers a 24 × 7 customer support system. There email customer service is fairly good due to heavy traffic in COVID days.

WazirX Review 2021: Is WazirX safe?

WazirX is the safest and most trusted Indian cryptocurrency exchange owned by the world's largest exchange Binance, allowing you to buy and sell a wide range of cryptocurrencies in INR, USDT, BTC, WZX, etc. WazirX stores almost 95% of its funds offline, protecting you from any hacking attempts. The official WazirX app is verified in Google Play Store or App Store to login and make transactions. It allows two-factor authentication and OTP, therefore the most secure platform to trade cryptocurrencies.

The WazirX website is also very secure as it also requires OTP authentication from your “Authenticator” registry mobile app for login. The WazirX mobile app is the safest for any deposit or withdrawal, it requires an authentication code link with your authenticator app and the app provides almost all functions such as spot trading, P2P, deposits, withdrawals, etc. The WazirX app provides a simple user interface and you can download it from Google play store.

WazirX Cryptocurrency trading account is linked to your bank account after KYC verification. It allows transactions (both deposit and withdrawal) through this single linked bank account, so that nobody can withdraw your money to another bank account. This offers the safest way to transact just like your BSE and NSE Demat account.

WazirX Review 2021: Is WazirX legal in India?

WazirX is the safest and most trusted Indian cryptocurrency exchange owned by the world's largest exchange Binance, allowing you to buy and sell a wide range of cryptocurrencies in INR, USDT, BTC, WZX , etc. WazirX is legal in India and follows all government guidelines, to open an account in WazirX you need to verify your KYC (Adharcard, PAN and Photo Selfie by holding your ID near your face).

WazirX Review 2021: Is WazirX Reliable?

Compared with other cryptocurrency exchanges in India, WazirX is the most reliable platform to trade cryptocurrency. Where other exchanges are hanged due to high traffic (high trading volume), WazirX works smoothly without any hanging problem. Its server is capable of handling heavy to heavy traffic and the WazirX application runs smoothly 24/7. For people who don't have the time or skills to manage their portfolios, WazirX offers a special STF trading feature that allows you to buy reliable coins that allow you to pass your portfolio on to qualified investors. Then this professional investor carries out all the transactions for you with minimal fees.

WazirX review 2021: WazirX charges fees

In the cryptocurrency world, exchanges charge a trading fee in the form of Maker and Taker. "Maker" means the commission on the BUY transaction, while the taker fees charged on the sale transaction. Here is the WazirX charges

- a maker / taker commission of 0.2% on spot trading.

- There is no charge to make a P2P exchange

- In STF trading, WazirX charges 25% of your profits to qualified traders.

- For each INR deposit and withdrawal by bank transfer, 6.7 INR as a transaction fee. However, there is almost no charge for deposits through UPI.

Note: Currently, WazirX has temporarily suspended the IMPS / NEFT bank transfer facility, although UPI and WazirX P2P facilities are available until they get a better banking partner.

- Instant withdrawal fees are INR 10 per transaction.

- The NEFT withdrawal is INR 5 per transaction.

WazirX Review 2021: Customer Services

You can submit a request for your concerns and attach supporting documents explaining your concerns. The support team will get back to you as soon as possible. You can follow the simple steps below to submit your complaint.

Click on the help center at the bottom of the home page.
Search for your problem in the search bar to see if the solution is available.
Otherwise, click on the "contact us" button in the upper right corner of the support page.
Enter your e-mail address, subject, description of the problem and attach all necessary documents.
Click the Submit button when you are finished.

WazirX Review 2021: Pros and Cons

WazirX Pros:

The website and mobile app are the most user-friendly, easy to understand, has the best interface and graphical display, data analysis and quick refreshes compared to other cryptocurrency platforms / exchanges. WazirX allows to trade in over 100 cryptocurrencies in USDT while it allows 68 coins to trade in INR which is most comparable to other exchanges in India. The transactions are very fast and the server is able to handle a large volume / traffic. WazirX is owned by Binance, the world's largest cryptocurrency exchange.

WazirX Cons:

STF allows investors without the time to build a portfolio by paying a percentage of their profits. They don't have a crypto lending feature but are planning for the future.

Summary

WazirX is the safest, easy to operate and trusted Indian cryptocurrency exchange owned by the world's largest exchange Binance, allowing you to buy and sell a wide range of cryptocurrencies in INR, USDT , BTC, WZX, etc. It allows more than 68 coins / token in INR while 100+ in USDT. WaziX is the most secure because it is linked to your single bank account and all deposits and withdrawals are handled by KYC verification and transactions controlled by the authentication code.