WazirX Review - India (2021)

This review will breakdown all of the key features of the WazirX Cryptocurrency exchange that operates locally in India.

Tanya Chen

Editor at Buy Bitcoin Finder

WazirX Review

The WazirX Exchange is the largest cryptocurrency exchange based in India that enables locals to buy and sell over 200 different crypto assets with Indian Rupees (INR). Launched in 2018 out of Mumbai India, the WazirX team is lead by some of the most experience executives in Crypto Finance, which consists of Nischal Shetty, Sameer Mhatre and Siddharth Menon.

Key Features

WazirX is one of the most feature-rich cryptocurrency exchanges exchanges in the world. The list below comprises of some of the key features underpinning the WazirX platform.

  • Sleek and easy to use interface for Web, iOS and Android
  • Best-in-class security with routine security audits for the most secure experience in India
  • Fastest KYC for quick sign-ups
  • Very low fee trading for cost-effective investing
  • WazirX offer over 200 different cryptocurrencies and altcoins against the INR currency

WazirX Fees

The WazirX Exchange has the lowest fees by far when compared to other competitors in the industry. Their Spot Trading fees for every single cryptocurrency are 0.2% per trade.

When compared with other exchanges like Coinbase that charge 2.99% per trade, WazirX is easily one of the most cost-effective exchanges in India.

Is WazirX Safe?

Launched in 2018, WazirX is the largest, most secure and regulated cryptocurrency exchange for locals in India.

The WazirX exchange was acquired in 2019 by Binance, who are the world's largest exchange. This ultimately means that WazirX has the backing of the largest institution of crypto and can therefore be deemed as a trustworthy platform.

The WazirX App

The WazirX Exchange platform also offers an intuitive iOS and Android mobile app for users to trade crypto on the go.

The main WazirX Exchange App features are:

  • Deposit/Withdraw INR funds instantly at any time
  • Trade over 200 different tokens with low fees
  • Low fee and instant crypto deposits/withdrawals
  • Best-in-class app security on iOS and Android
  • Trading View charts available on mobile app

WazirX Customer Care

As a local exchange based in India, the WazirX team have arguably the best customer care and customer support team in the industry.

Based on our research and user testing, the WazirX Customer Care team took on average 4 hours to respond to 5 different questions we asked over 5 different accounts. This is nearly the fastest we have tested when compared with other exchanges around the world.

Does WazirX Support Dogecoin?

Yes you can buy Dogecoin (DOGE) with Indian Rupees on the WazirX exchange. The image below is a screenshot of the trading platform with the DOGE/INR trading pair. You can view the Dogecoin price and invest on WazirX by signing up via this link.

WazirX vs Coinswitch

When comparing Coinswitch vs WazirX, we prefer WazirX due to the fact that Coinswitch does not offer a native cryptocurrency wallet. This means that you have to purchase your own hardware wallet to store your crypto if you use Coinswitch.

WazirX has an in-built wallet for you to store your cryptocurrencies and the fees are considerably cheaper.

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Coinswitch
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WazirX
Trading Fees 0.49% per trade 0.2% per trade
Customer Care Average (12 hour response) Very Fast (4 hour response)
Headquarters Unknown Mumbai, India
Beginner Friendly Image Image
Summary A new exchange that only enables Credit Card purchases of crypto. The best-in-class exchange and largest in India.

Final Verdict

In summary, WazirX has grown to become India's best and largest cryptocurrency exchange by a very wide margin. They have the most feature-rich cryptocurrency exchange for users in India to buy over 200 different crypto assets with the local currency the Indian Rupee (INR).

Through their partnership with Binance, they have continued to build and iterate on their platform and have become a powerhouse within the crypto industry.


Visit WazirX