WazirX is an Indian cryptocurrency exchange. Nischal Shetty, Sameer Mhatre, and Siddharth Menon launched it in 2017. waxirx exchange has a user-friendly layout and facilitates trading via online and mobile apps. It also offers services including as spot trading, futures trading, and peer-to-peer (P2P) trading,
WazirX grew in prominence in the Indian crypto industry, particularly when the Reserve Bank of India (RBI) overturned a cryptocurrency restriction in 2020. Because of its ease of use, reasonable fees, and wide selection of supported cryptocurrencies, the exchange has garnered a considerable number of consumers.
Binance, one of the world’s major cryptocurrency exchanges, purchased WazirX in 2019. WazirX’s agreement with Binance has enabled it to harness Binance’s technology and liquidity while remaining a distinct organisation. This connection also allows WazirX users to get access to the larger Binance ecosystem.
It’s crucial to remember that cryptocurrency investments come with inherent dangers, so do your homework and proceed with care before engaging in any trading activity.
How to buy/Sell Crypto currency
- Register for an account: Sign up for a new account by visiting the WazirX website (wazirx.com) or downloading the mobile app. You must enter your email address, establish a password, and complete any needed verification steps.
- Finish the verification process: WazirX asks you to authenticate your identity as part of the Know Your Customer (KYC) procedure. To finish the verification procedure, follow the steps on the site.
- Deposit money: After you’ve set up and validated your account, you’ll need to deposit dollars into your waxirx account. WazirX accepts deposits in both Indian Rupees (INR) and different cryptocurrencies. You can deposit INR from your bank account if you like.
- Go to the trading section of the WazirX platform after depositing your money.
- Select a cryptocurrency pair: Choose the cryptocurrency pair with which you wish to trade. Choose the BTC/INR pair, for example, if you wish to buy Bitcoin using INR.
- Insert a purchase or sell order: Choose whether to purchase or sell the selected coin. Set the required quantity and price at which the deal should be executed.
- Review and confirm your order’s information, including the quantity, price, and any relevant fees. Once you are pleased, please confirm the order.
- Track and manage your trade: You may track your executed order on the relevant part of the Waxirx platform. To control your risk, you may also establish stop-loss and take-profit thresholds.
It’s worth noting that the particular processes and features may differ significantly depending on platform upgrades or changes to the user interface. Furthermore, before making any investment decisions in the bitcoin market, always exercise care and conduct sufficient study.