What is WazirX?
WazirX is
a P2P cryptocurrency exchange that will enable users to Buy and Sell, Trade
digital assets or cryptocurrency like Bitcoin, Ethereum, Litecoin, Ripple etc
in India.
WazirX Cryptocurrency Exchange Overview
WazirX offers real time
open order books, charting, trade history, deposit and withdrawals so you
can trade and invest in some of the world’s best performing digital assets.
With user friendly and easy to use user interface UI
What Solution WazirX Exchange Offers
§ Peer 2 Peer Transaction
§ Cryptocurrency Exchange
§ WRX Mining
In India, The RBI deadline has crossed, all
banking operations have stopped, and major exchanges stopped dealing with
Banks, but using WazirX P2P, Indians can always have a way to cash in and cash
out of crypto whenever you want, and we can say its absolutely legal as per
Indian law in 2018.
WazirX Google Trends
Google trends show that
there are people in Indian market who are looking for WazirX exchange.
WazirX Timeline and TeamMembers
Phase 1 (COMPLETED)
§ Launching
the WazirX platform
§ Earn 500
WRX on signing up.
§ Exclusively
for the first 10,000 traders.
Phase 2 (ACTIVE)
§ First
30,000 Traders – Completed
§ Next
30,000 Traders – Active
§ Earn 100
WRX coins for every friend you refer to WazirX – Active
Phase 3 (ACTIVE)
§ WazirX
Bitcoin Exchange Launch.
§ WRX coins
will be credited to you when you make your first Buy, Sell or Trade!
Phase 4 (Remaining goal)
§ WRX Coin
Listing on WazirX.
§ Trading of
WRX Coins starts.
WazirX Team
§ Sameer
Mhatre
§ Siddharth
Menon
All three co-founders
belong to Crowdfire which is Social Media Management
App.
There is not much info about the core team behind WazirX other than co-founders.
There is not much info about the core team behind WazirX other than co-founders.
WazirX coin (WRX)
What are WRX coins?
WRX coin is the same as Binance coin or other coins in the market, WRX is a
digital asset. There will be a maximum of 1 Billion WRX coins ever created and
over a period of time.
WazirX WRX coin is in its early stage, right now it’s not listed
on any exchange, but there are high chances that WRX coin will be listed very
soon in near future.
Note – If you join directly
from a there website you will get 100 WRX only
For now, you can hold WRX coin and sell/ trade at an expected
high price after its successful listing on Crypto exchanges.
WazirX News
How to use WazirX P2PTransaction
WazirX P2P helps you Buy and Sell USDT (Tether) for INR directly
with other Buyers and Sellers. we can say its safe and absolutely legal as per
Indian law at this time (Aug 2018)
2 simple things we can do with WazirX P2P
Cash In –
If you want to bring INR to trade cryptos, Buy USDT via P2P and then use that
USDT to buy other cryptos on WazirX
Cash Out –
If you want to move INR to your bank account, Sell your cryptos for USDT and
then sell that USDT for INR via P2P
How WazirX P2P Works
1. WazirX
matches the person looking to buy USDT for INR with someone who’s looking to
sell USDT for INR.
2. WazirX
escrows the USDT for safekeeping during the transaction
3. Buyer
transfers INR to the seller’s bank account via IMPS/UPI
4. Seller
confirms payment and WazirX releases the USDT to the buyer
Security and Trust factors
As WazirX is P2P. Its safe to trade, but it is a new platform in
Indian market it will take time to build trust in Indian crypto trading
community.
WazirX Articles
WazirX Links
THE REVIEW
WazirX
4SCORE
Overall, At this time
wazirX is a good platform. Market demands and WazirX P2P Transaction is a key
point for WazirX, if everything goes right, this Indian exchange has potential
to become best Indias exchange in upcoming years
PROS
·
Bypass the middleman
·
Probably Lowest price of all coins in India
·
Clean and user-friendly User Interface (UI)
·
Flexible payment gateway like IMPS, UPI, Paytm
·
Referral Program
CONS
·
Low trade volume compared to other Crypto exchanges
·
Can be hustling compared to other exchanges
·
New to the market
·
Trust Factor
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