WazirX Crypto Exchange Review India 2022
Our WazirX review found that this could be India’s best crypto trading site. The WazirX crypto exchange gives you great rates for BTC, ETH and more. Our WazirX review India delved into all the most important areas – trading fees, site usability, and account types.
As a WazirX India customer, you’ll realise that this site is one of the few crypto exchanges that are actually based in our country. This means that you can make a WazirX deposit in Indian rupees and enjoy easy communication via customer support.
WazirX: Pros & Cons
- Pioneering Indian crypto exchange
- Excellent rates for trading Bitcoin, Ethereum and more
- User-friendly site and excellent trading apps
- Fast customer support via live chat and email
- Not as large as some other crypto exchanges
Our WazirX crypto review found that this is a well-designed and professional site. It features a stylish design that has a simple white background that makes everything easy to read. The main exchange page shows all of the WazirX markets in a clear and logical manner. This means that you can easily switch between the different crypto pairings of INR, BTC, USDT and so on. All of the trading options are updated in real-time and we were impressed with how quickly the pages were refreshed.
Beyond the basic trading, you’ll find that WazirX’s site is nicely logically designed. This means that you’re never too far away from important features like customer support, P2P trading, accessing the WazirX futures markets and so on. Plus we should note that there’s an easy way to use the WazirX referral code to earn 50% off your trading fees.
Above all, our WazirX India review appreciated the fact everything was clearly laid out and easy to understand at the site. There were simple guides that informed you how to make your trades, and we also liked the way in which there was interesting information about the Indian founders of WazirX. All of which meant that this was a trading site that could be trusted.
How To Trade – Read our WazirX how to trade guide below
We think that WazirX has put together a very simple way for you to enjoy crypto trading. Basically, it looks and works like the majority of crypto trading sites. If you’ve read our Binance review, you’ll quickly get to grips with WazirX. But just to help you out, here’s a quick run-through of how you trade at WazirX.
The first thing to do is to sign up and create your account. You’ll just have to enter in some simple personal details like your email address and enter in your password. Following this, you may have to provide more information to verify your account. Once your account is set up you’ll be able to make a deposit in Indian rupees. This needs to be at least ₹100 and can be done with the UPI, IMPS, NEFT or RTGS payment methods.
From here you can simply head to the exchange and see the different pairings for cryptos and Indian rupees, BTC, USDT and the brand’s own cryptocurrency. Then it’s just a matter of selecting which crypto you want to buy, setting the amount and then submitting your purchase request.
Our WazirX India review was very pleased to see that you can make deposits at this site in Indian rupees. This puts the brand at a major advantage ahead of many rival crypto exchanges. You will be able to deposit in Indian rupees either by the UPI, IMPS, NEFT or RTGS payment options.
Just so you know, the WazirX minimum deposit is currently set at ₹100, but we didn’t find any maximum deposit limits in our WazirX crypto review. Bear in mind that there will be deposit fees that charge between ₹4 and ₹5.9 per transfer depending on which payment method you use. All UPI deposits should take just 15 minutes, while using other deposit methods may take up to 24 hours to show up in your WazirX wallet.
To make a WazirX withdrawal, there’s a simple process for withdrawing in Indian rupees back to your bank account. If your withdrawal is made during banking hours, then it should be processed between two and 48 hours. Bear in mind that there are some WazirX withdrawal fees to be aware of that could cost between ₹5 and ₹10 per withdrawal. There is no WazirX withdrawal limit for daily transactions, however, there might be a 3BTC withdrawal limit for each transaction.
It’s always good to know that you’ll be well taken care of at a crypto exchange. This is definitely true of WazirX. The brand hosts a very helpful and friendly customer support team who are always ready to provide you with their expert assistance.
The easiest way to get in touch with a WazirX customer support agent is to simply click on the Live Chat button in the corner of the website. This quickly brings up a dialogue box that gives you a fast and easy way to get your queries resolved.
Beyond this, there is also a contact form on the main Contact Us page that allows you to send attachments like screenshots. We didn’t see anything in the way of a telephone hotline, but we were impressed with the large and useful help section.
The fact that WazirX is an Indian company means that there shouldn’t be any communication issues when getting help. Don’t forget that you can contact WazirX via its social media channels on Telegram, Twitter, Facebook, Instagram and so on.
We would never recommend that you use a crypto trading site unless we had made sure that it offers a completely legitimate service. So we were impressed to see that the brand is part of the Internet and Mobile Association of India (IAMAI). This is the country’s preliminary way of regulating the rise of internet-based businesses before the government provides its own regulatory framework. All of this shows that WazirX will obey the code of conduct for cryptocurrency companies in India.
This can be seen in the fact that WazirX hosts a completely secure crypto trading site. You’ll have to pass the two-factor authentication procedure to gain access to your account and it’s worth noting that this is a completely encrypted site. This means that there’s no chance of anyone snooping on the communications between your browser and the crypto trading website.
Reputation and customer feedback – Have there been any WazirX scams?
The good news is the fact that there don’t appear to have been any major hacking incidents at WazirX. Plus it’s nice to see that the brand has enjoyed relatively positive reviews from the crypto trading community. Most of these reviews commend WazirX on its user-friendly interface and speedy withdrawals.
However, it’s worth noting that a few WazirX users have encountered a handful of problems. These are mostly related to things like a slow KYC procedure and relatively low trading volumes. But on the whole, the prevailing attitude is that WazirX is a legitimate trading site and a good option for Indian customers.
We think that WazirX offers you a great way to get started in crypto trading. Above all, it’s a strong option for Indian customers. Not only is WazirX an Indian company, but you can make simple deposits in Indian rupees and even see the WazirX price displayed in the national currency.
In terms of the actual crypto trades, you’ll find that WazirX has all of the major coins featured like Bitcoin, Ethereum, Ripple, Litecoin and so on. The fact that WazirX has even taken the time to create its own WazirX coin is an interesting touch too.
If we had any criticisms, it would be that some exchanges might feature more cryptocurrencies and also that the trading volume of WazirX is relatively small. While some people might find the trading fees excessive, they are no more extreme than those that you’ll find at other crypto trading sites.
Above all, we think that WazirX has done an excellent job in creating a crypto trading site that’s geared towards Indian customers. All of which sets this site up for a bright future. So be sure to sign up to WazirX and put down your crypto trades.