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Difference Between WazirX and Other Cryptocurrency Exchanges

WazirX Vs Other Cryptocurrency Exchanges

WazirX is a leading cryptocurrency exchange based in India that was launched in 2018. However, in 2019, the platform was acquired by Binance, and since then, users can trade over 70 cryptocurrencies worldwide. Following Binance’s acquisition, WazirX now represents Binance in India, which works highly in favor of the WazirX, backed by one of the world’s largest crypto exchanges (Binance).

WazirX in India

Most exchanges or DeFi applications still do not have features that can take INR into their systems and convert them into a cryptocurrency. This is solved by WazirX, and Indians got the opportunity to continue trading cryptocurrencies on a reliable platform.

How to Trade in WazirX?

Trading in WazirX is simple, and for that, the users first need to register an account on the platform by visiting the official homepage of WazirX and then signing up on the platform. It requires the users to feed in some personal details like full name, date of birth, address, country code, and an active email and phone number to authenticate the details. Once the account has been created successfully, then the users need to select their preferred base currency. There are 3 base currencies available on WazirX: INR, USDT, and BTC. Users are recommended to select USDT to open up more cryptocurrency options to trade; INR has only 10 options. After selecting the base currency, the users must select the currency they want to buy or sell. If you want to buy cryptos, fill in the order forms accordingly and click on the “Buy Crypto Now” order form. Similarly, if you want to sell crypto, click on the “sell crypto” option, and you will be guided accordingly by the exchange’s database.

How is WazirX different from other crypto exchanges?

The main difference between WazirX from other crypto exchanges lies in the fact that it is among the very few exchanges that survived the banking ban on cryptocurrencies. Soon after the ban on the country’s financial regulatory body, WazirX emerged stronger with its innovative auto-matching feature- WazirX P2P to solve the Fiat currency-cryptocurrency complexities existing in the crypto industry.

What are the benefits of trading with WazirX?

WazirX is the country’s most trusted crypto exchange that gives its users opportunities to trade their preferred cryptocurrencies on a reliable platform. It provides the following benefits to users.

  • Robust Security: WazirX is India’s most secure cryptocurrency exchange that regularly invests in security audits to provide users with a highly secure and reliable crypto trading exchange. The platform also has powerful security features such as two-factor authentication processes, email/SMS alerts, PIN lock, etc.
  • Faster Transactions: WazirX has a robust infrastructure that can handle millions of transactions in seconds. The KYC verification process is also super-fast and gets completed within a few hours after users sign up on the platform.
  • Accessible across 5 platforms: WazirX provides its users a seamless trading experience across 5 platforms. It can be accessed on Web, Windows, Mac applications, Android, and iOS devices. Users need to download the app from the Google Play Store or Apple Store, per their convenience and get started right away. They can also directly login to the WazirX trading platform via any web browser.
  • Advanced Trading Tools: The WazirX trading platform is built by a team of hardcore blockchain professionals who understands traders’ needs thoroughly. The platform has powerful features and charting tools built on it that help traders analyze prices and historical data directly from their mobile applications.
  • Efficient Customer Support Team: There is an efficient customer support team working behind the platform that operates from 4:30 a.m. to 13:30 UST on all 7 days of the week. Traders facing any issue while operating on the platform can submit a ticket to get ready solutions from the customer support team. Generally, it takes around 24-48 hours to respond to the traders’ issues; the support team only operates via email.

Wrap Up

Thus, the WazirX cryptocurrency exchange platform helps users diversify their investment portfolio by offering them a faster, safer, and more convenient crypto trading platform that can be accessed via smartphones, Windows, or Mac applications. The platform lets users access over 70 global cryptocurrencies through P2P, STF, and Spot Exchange mechanisms. Many WazirX Reviews are available on the internet, besides the official website, where you can log in to know more about the exchange.

Christopher Walter

Christopher Walter is a senior journalist at currentbitcoin.news. He expertises in bitcoin mining. He has keen interest in reading cryptocurrency trading. He is also a cryptocurrency blogger.