The website WazirX Login, Review, Price, and Referral code benefits are going to be the main four aspects that we will focus on. WazirX exchange is considered the best bitcoin exchange in India. There are so many reasons for their flourishing business but WazirX referral code benefit and low price charges are some of the major reasons for their success. As they have a huge customer base that is still growing that is why it is important to take a look at the main aspects of their growth that I have mentioned previously.
Frequently asked questions about WazirX Exchange
Yes. The website gives you the full security on your personal information. WazirX is quite renowned and also backed by Binance so there is no issue about the security reasons. Nowadays leading channels like SonyLiv etc, are accepting advertisements from WazirX.
Nischal Shetty is the Founder and CEO of WazirX.
WazirX and Binance both companies are both interlinked. That is why if you want to buy on Binance and sell on WazirX, it is possible. The user just has to link his/her both the account to each other.
When users first start registering their UPI on the WazirX app, they must fill out two sections. The ‘Alias’ area is one, while the ‘UPI ID’ section is the other. An alias is simply another word for a name/alternate name.
In the following, I shall give you a link that will directly take you to the website.
Wazirx
Click here to visit Wazirx the website
History of WazirX website
Computer engineer Nischal Shetty with two other co-founders Sameer Mhatre and Siddharth Menon create the WazirX website. In the month of March 2018, as soon as they launched their website on the Indian market, the Indian government decided to ban cryptocurrency in India. The cryptocurrency does not have any authorized or legal authority. Many other platforms started to shrink at the time. But two days after the crypto trading ban it joined a P2P system. P2P system is a peer-to-peer system. It would link sellers and buyers directly and reduce the need for financial institutions. The launch of this specific system, helped the company to grow faster.
WazirX Login process
I am going to discuss how to complete the WazirX Login process. Write WazirX in the Google search bar, Google Chrome will take you to the page which will provide every detail about WazirX. From there simply click on WazirX.com and click. The crome will open the web page of WazirX.
Click on sign-in which I have shown you through the arrow. You will found a page that appears on the screen that will look something like the image I have attached above, In which you will find the WazirX sign-up and WazirX login options side by side.
- Now put your email id on the 1st,
- Add a preferable password,
- Put the password again to conform,
- The website has already provided you the WazirX referral code,
- click on the small box where “I agree to WazirX’s Term and Service” is written.
- Now sign in your account will be under opening process.
WazirX Login (Re-login process)
Suppose you had opened an account previously on the WazirX website but due to some reason you log out. Now in the current situation, you want to login into the WazirX website. again. To do so just click on the WazirX login option that I have colored in green in the following image.
then put the previously used email id along with the previous password and your account shall be activated.
I Hope, I have presented you with a clear view of the WazirX login and signup process.
WazirX Referral Code
Referral code gives a good percentage of brokerage and the charges of using their website are very low while trading. Most of their customers especially like this benefit. Let us deep dive to explore these two features of the WazirX website.
As soon as you open your account on the website, they will provide you, your personal referral code which you will use to get the referral benefit.
What is WazirX Referral Code?
A customer referral program’s participants are identified by a unique combination of numbers and/or letters. As soon as a consumer (the referrer) joins a program, they are given a referral code. It is a unique code that will be issued under that person’s name.
How to get a WazirX Referral Code?
As soon as you open an account on the WazirX mobile app or web, there will be a menu option. Under that menu option, there will be written Invite and Earn on which you have to click. As soon as you click on that you will get your own WazirX referral code.
In the above picture, I have shown you the place, where you can get the referral code.
Use your WazirX Referral Code to earn brokerage
Suppose you have sent your WazirX referral code to some and that person used that link and code while opening an account. Then you will become the beneficiary. If anyone else uses that code while account opening then you will get some additional benefits.
You will receive a 50% referral bonus from the website. You will receive a 50% brokerage on the amount that he trades. It means that the broker house will receive a percentage of the brokerage fee, and you will receive 50% of the brokerage fee.
What WazirX Price to pay while trading?
The other cryptocurrency exchanges charge a high percentage whenever you withdraw your crypto assets from the website or do trading. That is why people are fond of the WazirX website as they keep their charges bare minimum according to other cryptocurrencies.
Basic WazirX Price for trading
The WazirX website only asks the price of 0.2% for the maker charge and 0.2% for the taker charge. The person who is selling his cryptocurrency has to pay that 0.2% of the maker price and someone who is buying the cryptocurrency has to pay 0.2% of the taker price to the WazirX exchange. This is the only price that a trader has to pay while trading.
Explanation of WazirX maker and taker price
Suppose you have made a buy of 1000 rupees and as WazirX website’s maker or taker price is 0.2% so the buyer has to pay 2 rupees to the website. I have attached a calculation in the following which will help you to understand how the maker and taker charge work
As the maker and taker charges are the same (0.2%) on the Wazirx website, that is why I have only attached one calculation. Because the 2nd calculation will fall under the same pattern.
Improvised Fee on WazirX Price
The maker and taker charges could be more low as you have to go through some simple steps. First, buy some WRX coins from the exchange as you have to pay the maker or taker charges pay from that WRX coins. But before that, you have to enable the WRX paying option which lay under the menu. Then you will see the price of 0.2% will change into 0.1%.
WazirX Coin Price in the cryptocurrency exchange
Wazirx has its own coin in the cryptocurrency exchange popularly known as WRX coin. This coin can be used to pay the exchange’s maker and taker charges. As I writing the price of WRX coin in today’s market it will cost you 115 rupee approximately
Some Pros and Cons of Wazirx.in
Wazirx is considered one of the best cryptocurrency websites in India. That is why this cryptocurrency exchange has more Pros than cons. In the following, we are going to take a brief look at the advantages and disadvantages of the exchange.
Advantages of Wazirx.in
The pros or advantages of this cryptocurrency exchange are in the following,
Beginner-friendly interface
For beginners, it is a fairly simple interface to utilize. Wazirx is the easiest website to grasp. if you are a beginner in bitcoin trading on the cryptocurrency exchange. Here you can quickly understand how to buy and sell bitcoins as well as other cryptocurrencies. As a newbie, you can use this website to learn about cryptocurrency trading and improve your understanding of the topic.
Peer to peer facility
It has a p2p system for trading, which is also known as a peer-to-peer system. In this case, there are no trading fees for the customer to pay. Wazirx offers this service to their customers, allowing them to trade in Indian money. You can purchase and sell straight in INR or USDT.
Easy to open account
The account opening process is very easy as I have told you earlier in this blog. You just need to go through some specific process and your account shall be open with an hour or two.
Different versions available
Wazirx offers both mobile applications and websites. You may do quick trading with your phone, which gives you more features and alternatives. You can ping the CEO on Twitter if you have any severe concerns. He is quite active in that area. He’ll check into it more to find a solution to your problem.
Disadvantages of WazirX
Though the website is quite efficient but still has some flaws too. In the past paragraph, we discussed the pro of the website now is the time to take a look at the con or disadvantages of the Wazirx The cons are
The website hangs rarely
The exchange either hangs or freezes during large crypto moves. Wazirx is attempting to manipulate the situation, or the server is unable to handle the traffic demand. It can’t even be certain. Though it is not a very big issue as a big authority is could be considered as one of their cons.
Support service
They claim that support is available 24 hours a day, seven days a week. Though they kept their word at first, that is why their consumer base has increased significantly. As a result, they are unable to meet the customer’s requirements. Now the support service has become very poor or maybe slow in responding to their client.
Future trading option is not available
On Wazirx, we will not be able to do future trade. On the Wazirx exchange, only Spot Buying and Selling are possible. After all this year it is important that they introduce this facility to the customers.
WazirX Review
When we review a company it is important to know about the past. In such manner only you can see in which situation they started the company and how much they flourishing now. After analyzing and learning about all of the advantages and disadvantages of the leading cryptocurrency exchanges Wazirx, I am going to give my review on the website.
Wazirx is a very useful app and website. Its beginner-friendly dashboard is liked by the non-professional traders and the professionals like the website as Wazirx charges them with very bare minimum trading charges. Their referral code benefit is being liked by so many people because just referring your code to someone else you will get 50% of brokerage upon their trading. That means you can earn a certain amount of money at the end of the month without doing anything.
WazirX Review – Pros
After learning all the advantages it is quite clear that why this cryptocurrency exchange holds 1st place in the Indian cryptocurrency exchange market. Let me give a quick review on wazirx so that it will be easily summarised for you. They provide you premium quality service at a bare minimum price. Their all other services also make them unique from the rest of the other exchanges.
WazirX Review – Cons
Though the website has some cons those are under the website’s surveillance. That means The website is also keen to fix it. If you ask my review on the cons of WazirX then I would say the progressive aspect that the website has presented us over the years, I believe they will solve these minor issues very soon.
It is a very useful website and you should use it without any hesitation. WazirX is enough trustworthy to trade with. So finally I have given my review up on the WazirX website and I hope it will be helpful for you.
Conclusion
WazirX is the best cryptocurrency website if you are interested in cryptocurrencies such as Bitcoin, Cardano, Ethereum, etc. It’s easy to reach a support system, a beginner’s friendly interface will always help you while trading. If you are a professional trader, in that case, the website will provide you additional services through the charts. Because the chart is very informative to the professional traders as well.
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