What is WazirX and How does a P2P Crypto exchange work?

What is WazirX and how does a P2P crypto exchange work?

Like other countries, cryptocurrencies have attracted a lot of us Indians too. You talk about any currency, whether it is Bitcoin or Ethereum, all have attracted people to themselves only because of their features.

WazirX is one such cryptocurrency exchange that has recently gained popularity among Indians. This is due to the fact that it or its services are really simple to use and that in a very short period of time, its remarkable features have captured everyone’s attention. This company’s main goal is to establish itself as India’s most reliable Bitcoin exchange. The best aspect is that they are also making progress toward their goal.

Click here: Join WazirX Now and earn money

For this, along with their plans, these people have also launched a full crypto exchange that supports many different types of cryptocurrency pairs, WazirX has also started its own token, which they named WRX Coin. is kept.

What is WazirX?

In India, a very well-known cryptocurrency exchange named Wazirx allows any user to trade cryptocurrencies there. In addition, anyone around the globe can use it to trade cryptocurrencies, not just Indians.

It is the first and only cryptocurrency exchange in India that allows Peer to Peer crypto transactions. The three co-founders of this company are Nischal Shetty, Sameer Mahatre, and Siddharth Menon. These three are from a programming background.

Also, perhaps you know these three from their other social media management app which is Crowdfire, which was created by these people in 2010 and has been a very successful app. According to their website, their head office is located in Navi Mumbai.

According to their cofounders, Indian cryptocurrency exchanges are in very bad condition and they are not even providing the service as per the requirement. That’s why he believes in providing better service to the cryptocurrency enthusiasts of the country by starting Wazirx.

A user of WazirX can trade and invest in some of the best-performing digital assets in the world because of the platform’s many features, including real-time open order books, charting, transaction history, deposits, and withdrawals.

Along with this, a user-friendly and easy-to-use user interface UI has been provided to the users so that they do not face any problems using this platform.

Some Stats of the WazirX Platform

• More than 2,50,000 users are registered on this platform.
• There are 100000+ downloads of Android and iOS apps
• Their average app rating is 4.44, which is quite good.

What are the major offers of WazirX Exchange?

If we talk about their main features, then the offers given below are the main ones.

• Having Peer 2 Peer Transaction
• Cryptocurrency Exchange
• WRX Mining

Features of WazirX

Let us know about some features of WazirX:

• In this exchange, both deposits and withdrawals are made in INR.
• You can buy/sell cryptocurrency using WazirX P2P. Users get access to this service around-the-clock.
• With one trade per minute, this exchange has the fastest transactions in the entire country of India.
• It has a P2P open automated order book.
• Additionally, there are no transaction fees.
• It has a robust dispute resolution system in place.
• In the USDT market, it offers the most liquidity.
• No one in India provides cryptocurrency at the lowest prices.
• The manufacturer fee is the lowest at 0.1%.
• These are accessible on each of the three platforms, including iOS, Android, and the Web.
• Anyone can use it because of its user interface’s simplicity.
• Join WazirX Now and earn money

How to do Signing Up and KYC Verification?

Signing up for a WazirX account is a very simple process.

• You must first visit the Signup page for this.
• You can access it by clicking the Sign-Up icon in the top right corner of the screen.
• Next, you must complete a four-step process to create a login via which you can provide your information for verification.

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First Step: Email ID and Password

The choice of a login email address and password is the first step in the registration procedure.

1. Email: Enter your complete email address. You will log in later and get any contact messages using this email address, which will also be your login address. This email address cannot be changed at a later time.
2. Password: Make sure that your password is always strong and easy to remember. If possible, utilize alphabetically.

How to verify your email in WaxirX?

Step 2: Verify Your Email

• After entering your email address and password, click “sign up.” A confirmation email will then be sent to the address you provided.
• You must click the verify email button as soon as you receive the verification email.

You will be sent to the WazirX website where your verification is verified by doing this. The verification email is only good for 30 minutes, so keep that in mind. Additionally, you must click the box to resend the verification email if you did not log in within that 30-minute period.

How to verify Mobile in WaxirX?

Step 3 Mobile verification:

The next step is to authenticate your mobile number after your email has been validated.

• Mobile number – Here, you must enter your Indian mobile number, which consists of 10 digits. You must select the Send OTP option after entering.
• You will receive an OTP for verification through SMS. You must type this OTP into the verification box and then click Verify. Be patient; OTP sometimes takes some time to arrive.

Step 4 – KYC details

• You must upload the KYC documents by filling up your data for verification when your email and a mobile number have been validated.
• Name: You must provide your full name as it appears on your PAN card.
• Address: You must include your complete address, as it appears on your Aadhaar card, in this field as well.
• Date of Birth: In this field, DOB must be entered in the format DD/MM/YYYY.
• Card Number on PAN
• PAN Card Front Upload: You must fill out this form with a scanned image of the PAN Card’s front.
• Aadhaar Card Number – You must enter your Aadhaar Card number here.
• Aadhaar Card Front Upload – You must fill out this form with the scanned image of the Aadhaar Card’s front.

How to trade in India?

After creating an account, Deposit funds to your WazirX account.

There are two ways to process a deposit to your WazirX account.

Depositing Indian Rupee (INR)

It is important to note that your KYC verification must be completed before you decide to deposit funds into your WazirX account.

To deposit Indian Rupee (INR) in WazirX, you can use methods like UPI/IMPS/NEFT/RTGS. You need to submit your transaction details to WazirX for verification.

How to Depositing Cryptocurrencies in WazirX?

WazirX, India’s top cryptocurrency exchange, allows its users to deposit cryptocurrencies into their WazirX account. The process is made simple, and easy and you can deposit or transfer your desired crypto from other wallets and cryptocurrency exchanges to a WazirX account in India.

Best thing? The process is absolutely free with no fees on any deposit! You can start by getting your ‘deposit address’ from your free WazirX account. Once you do, you can easily transfer the crypto of your choice to your WazirX Wallet by sharing the deposit address with your holding wallet.

How to Buy cryptocurrency in India?

Once you deposit your funds into your WazirX, whether in Indian Rupees (INR) or the crypto of your choice, you can easily sell or buy cryptocurrency in India. For example, let’s find out how you can buy bitcoin with WazirX.

Visit the WazirX exchange to view the latest bitcoin price in Indian Rupees (INR).

Why choose WazirX to trade cryptocurrencies in Indian Rupees (INR)?

WazirX is India’s top cryptocurrency exchange as it promises its users to make deposits and withdrawals in Indian Rupees (INR) at extremely fast speeds. Here are some important reasons why you should choose WazirX to sell and buy cryptocurrencies in India:

Extremely safe

WazirX is India’s most trusted cryptocurrency exchange and is highly secure to ensure that every transaction carried out is secure and verified, setting high standards of security by conducting regular security audits.

Great access

WazirX is a popular cryptocurrency exchange in India due to its excellent access to various platforms especially when you want to sell and buy cryptocurrencies in India. It offers an amazing trading experience on various platforms like the web, and mobile, and its application is compatible with both Android and iOS.

Instant transaction

WazirX’s advanced trading interface enables instant transactions for everyone from first-time crypto investors to professional and experienced traders

Referral commission

WazirX users get a whopping 50% commission for referring the application to inspire current users to bring their friends, colleagues, and family to the crypto world and be a part of the great blockchain revolution.

Minute Price Tracking

Lastly, when you choose WazirX, India’s #1 cryptocurrency exchange, you also get access to exclusive charts that provide one-minute price tracking for the full range of cryptocurrencies. In addition, the simple and elegant user interface ensures that the user has a smooth and easy trading experience.

What is WazirX P2P – How does it work?

With the help of WazirX P2P, you can easily Buy and Sell USDT in INR directly with other Buyers and Sellers. It is available 24×7, safe, and 100% legal!

Two simple things that you can do in WazirX P2P:

• Cash In – If you can use INR to trade cryptos, Buy USDT via P2P and then use that USDT to buy other cryptos on WazirX!
• Cash Out – If you want to move INR to your bank account, you can sell your cryptos in the form of USDT and then sell that USDT in exchange for INR via P2P!

Is WazirX P2P Safe?

WazirX has an escrow system that takes special care that no party cheats any other party. In this system, WazirX holds the seller’s cryptos until the transaction is successfully completed and the payment is confirmed.

If you are a seller: Then WazirX will not release the crypto to the buyer until you confirm the receipt of INR.

If you are a buyer: Then WazirX will not release the seller’s crypto until you pay the seller.

 

FAQ’s

 

Q. Where is Wazirx HeadQuarter located?

Ans. Wazirx Head Quarter is located in Navi Mumbai.

Q. What platforms can WazirX run on?

Ans.  As of now, WazirX can run on Android and iOS platforms.

Q. Who is the founder of WazirX?

Ans. Nischal Shetty is the founder of WazirX.

Q. Is WazirX Legal in India?

Ans. Yes absolutely WazirX is completely legal in India. The Supreme Court itself has confirmed this.