Launched in 2018, WazirX, with an average app rating of 4.6, claims to be India’s fastest-growing cryptocurrency exchange, boasting over 400,000 users. WazirX is part of the Binance ecosystem.
What is WazirX (WRX)?
WazirX and Binance have launched a $50 million “Blockchain for India” fund. The exchange is available for global users and includes the following key features:
- Instant traditional money deposit and withdrawal options
- The Smart Token Fund, available to help cryptocurrency investors find expert investors and manage their cryptocurrency portfolios.
- Users can benefit from the world’s first high liquidity automated matching P2P engine.
- There are listings for over 80 tokens.
- Login available with Binance option.
WRX is WazirX’s utility token. The WRX token is based on the Binance blockchain. Its total supply is 1 Billion. Token holders are rewarded with various benefits such as transaction fee discounts on the exchange, WRX transaction mining, token airdrops, margin fees, and more. WRX is backed by Indian entrepreneurs with over a decade of experience in creating and scaling global products outside India. WazirX was also acquired by Binance in November 2019 and aims to make crypto accessible to everyone in India.
WazirX offers its users the following benefits:
- High security: WazirX aims to be the most secure exchange in India, investing in regular security audits to provide a very secure trading platform for India.
- Fast KYC: First-class identity verification systems process KYC within a few hours of registration. Enhancements are being made to sharply reduce verification times.
- Lightning Network: WazirX can handle millions of transactions. The system infrastructure can scale up in seconds to meet increasing demand.
- Cross-platform communication: WazirX offers a smooth and robust trading experience across all platforms including Web, Android and iOS mobile, Windows, and Mac applications.
- Simple and efficient design: Trading on the WazirX platform is very easy. They have developed technology used by millions, and this experience has helped create these robust transactions.
- Blockchain technology: The WazirX team is very strong.
According to CoinMarketCap, WazirX coin ranks 95th in market volume at $1,024,510,648. Meanwhile, WazirX Coin was trading at $4.31 at the time this article was prepared, with a 24-hour trading volume of $770,320,614 USD. In addition, WazirX Coin saw its lowest level on March 13, 2020, at $0.555, and its all-time high on April 5, 2021, at $5.94.
In addition, there are currently 237,516,596 WRX in circulation, and it is stated that the total supply of WRX Coin will be 989,300,001 WRX.
Where to Buy WRX Coin?
WRX Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by transaction volume.
To buy WRX Coin, you first need to sign up for Binance and then send fiat currency such as dollars. After sending fiat currency, purchasing operations can be performed in the WRX trading pairs of Bitcoin (BTC), BUSD, Binance Coin (BNB), and Tether (USDT).
In addition, on Binance, users can place buy orders not only at market price but also at a lower price. To do this, use the Limit tab and enter the amount and price you want to buy.
