WazirX makes crypto investment safe for Indian investors?
When it comes to making cryptocurrency investment, many people are cautious and want to take precautions first before doing so. One of the ways that you can do so is by visiting WazirX and reviewing their services as well as how safe they really are for cryptocurrency investments.
WazirX, the crypto currency exchange founded by Nischal Shetty announced on Twitter on 7th May 2021 that WazirX added 2 million customers in 3 years. The growing demand for the cryptocurrency doesn’t seem to be slowing down anytime soon with every day having more than 1,000 transactions happening on the platform.
WazirX was founded in 2017 and became India’s biggest and most trustworthy crypto currency exchange. However, it wasn’t until 2020 that it started to gain traction as its trading volume increased from $11 million in 2019 to $1 billion by the end of 2020 which made it the biggest crypto currency exchange in India at that time.
What is WazirX?
WazirX is a new crypto-to-crypto exchange that offers a variety of trading strategies, from beginner to professional.
WazirX is an ICO (Initial Coin Offering) crypto trading platform, designed with the needs of both newbies and professionals in mind. It provides a wide range of features, including the ability to trade Bitcoin for Ethereum or Litecoin for Ripple.
WazirX provides a user-friendly interface that is easy to navigate and even beginners can use it without any problems. There are also opportunities for investors, providing them with instant profit from cryptocurrency trading insights.
How safe is WazirX?
Yes, trading crypto with WazirX is without risk.
I have been using WazirX since January 2019 and have had an excellent experience with both trading, investing, KYC processes, payments & withdrawals. It is one of the best crypto exchanges in India and highly recommended.
If you are located in India and desire to make an exchange of any kind, then no other cryptocurrency exchange will come close to WazirX. The WazirX is an exchange where people from India can buy and sell cryptocurrencies, as well as hold their cryptos. There are a bunch of quick buy features that make it easy for everyone to get involved in the market. In terms of buying and selling experience and overall functionality, WazirX rates amongst the best exchanges for Indians of varying technical backgrounds.
Some features of WazirX include:
- Easy, secure way to complete the KYC process
- User Interface and User Experience is best for all types of users.
- Quick buy feature – you can buy cryptocurrencies in seconds
- Peer-to-peer features to buy crypto directly from other users
- Feasible order book to get an idea of prices
- Price charts are realtime
- Mobile & desktop experiences are both easy to use.
- Payment methods are convenient.
- Low-cost trading fees (only 0.2%)
How to Trade on WazirX
In this section, we will learn how to trade on WazirX.
In order to buy cryptocurrency on WazirX, you will need a wallet. You can create a wallet by going to the “Create Wallet” tab and following the instructions.
You can also buy cryptocurrency on WazirX by visiting the “Buy/Sell” tab, selecting your currency of choice and entering the amount you want to buy or sell.
Below are the few steps that helps you for buy and sell cryptocurrency on WazirX.
#1. Create your account on WazirX
Image Source: @Wazirx
Visit WazirX, sign up using a few simple steps to create your free WazirX account. You can also download the WazirX app for Android or iOS. Once you have been redirected to this page, fill in your desired email with a strong password.
#2. Verify your WazirX account
Image Source: @Wazirx
You will need to verify your email address to proceed and access your free WazirX account. Check your email for the verification email, and click on ‘Verify Mail’ to complete the process. If you do not receive it on the first try, you can check your ‘Spam’ folder or click on the ‘Resend’ option to send it again on your email.
#3. KYC Verification
Image Source: @Wazirx
Select your country from the drop-down menu. You will then be asked for KYC verification. That’s it! Once you have completed the KYC verification, you will have a functional account to trade crypto easily on WazirX.
Deposit funds into your WazirX account Make sure that you’ve completed your KYC verification before depositing INR in your WazirX account.
#4. Now ‘Buy’ and ‘Sell’ Cryptocurrency
Image Source: @Wazirx
Now you select any cryptocurrency which you like to ‘Buy’ and ‘Sell’ on your dashboard. Fill in your desired INR price and the amount of your selected crypto and ‘Buy’.
Click on ‘Place Buy Order’ and wait for the execution of the transaction. Once the order has been executed, you can find the BTC in your WazirX wallet.
What are the Benefits of Using WazirX?
WazirX is a cryptocurrency exchange that provides a secure and user-friendly trading environment. It offers multiple features and benefits for both traders and investors.
The benefits of using WazirX include:
- 24/7 customer support
- Zero trading fees
- Low transaction fees
- High liquidity for major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple etc.
Conclusion:
WazirX went from being an idea to becoming India’s biggest and most trustworthy exchange in less than 2 years.
The WazirX team has brought together some world-class people for the company and are now able to offer the best trading experience as well as provide security for their customers. The company has an extensive list of features that includes instant deposits, low fees, secure wallets, proprietary trading platform, 24 hours live chat support and more.
