WazirX Coin is the utility token of WazirX and operates based on the Binance Blockchain. Token holders are rewarded with transaction fee discounts, WRX trade mining, token airdrops, margin fees, and various other benefits on the trading exchange.
The WazirX platform, on the other hand, identifies itself as “India’s most trusted cryptocurrency exchange.”
What is WazirX (WRX)?
WazirX (WRX), like Bitcoin and other cryptocurrencies, is a digital currency and was created by the WazirX platform. WazirX claims to offer its users six key advantages, which are listed as follows:
- Significant efforts are made to make WazirX India’s safest exchange. According to statements, regular security audits are conducted to provide an extremely secure trading platform for India.
- WaxirX, stating that it provides the correct KYC protocol using first-class identification systems, aims to significantly shorten the verification processes.
- According to WazirX, it can perform millions of transactions. The system infrastructure can scale up within a few seconds to meet increasing demand.
- WazirX claims to provide a smooth and robust trading experience on all platform applications including Web, Android and iOS mobile, Windows, and Mac.
- The WazirX platform is said to be both very fast and easy to trade on, thus focusing on user experience.
- WazirX, being blockchain-based, advocates for blockchain technology.
In addition, WazirX also offers a referral program to its users. Through the referral program, users can earn a 50% discount.
Moreover, launched in 2018, WazirX, with an average app rating of 4.6 and over 400,000 users, claims to be India’s fastest-growing cryptocurrency exchange. WazirX operates as a part of the Binance ecosystem. WazirX and Binance have launched a $50 Million ‘Blockchain for India’ fund.
Additionally, through WazirX, users can access instant conventional money deposit and withdrawal options, the Smart Token Fund feature that helps crypto investors find expert investors and manage their cryptocurrency portfolios, a P2P engine, over 80 cryptocurrencies, and the ability to log in with Binance.
WRX Coin Commentary
WazirX continues to attract significant attention, particularly due to its connection with Binance. However, the absence of a staking feature is also criticized. While many investors think that the value of WRX coin is trading below its worth, some believe that WRX coin will not experience a significant surge.
Additionally, looking at the charts, it appears that WazirX coin is not very volatile, indicating that investors are currently cautious. Investor approaches can be better understood by reviewing historical data.
As of the time this article was prepared, WazirX (WRX) is trading at $0.0781 and at 0.00000342 BTC in the WRX BTC trading pair. According to CoinMarketCap data, WazirX Coin, ranked 419th, has a trading volume of $18,277,894 USD in the last 24 hours, and it’s worth noting that the trading volume was $913,729 USD.
Furthermore, on March 7, 2020, WazirX Coin reached a record high of $0.2291, and on March 13, 2020, it hit a low of $0.0552. Currently, there are 233,817,289 WRX Coins in circulation, and this number is expected to reach a maximum of 1,000,000,000 WRX Coins.
How to Buy WazirX Coin?
WazirX Coin can be purchased reliably and quickly through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
WazirX Coin was made available for sale on Binance Launchpad on January 4, 2020.
