My priority when it comes to buying cryptocurrencies is that I want to grab the best market price on each of my purchases.
That’s why I choose WazirX, which is one such exchange that helps me achieve my goal of fetching the best prices.
Because it is not just another exchange but a crypto aggregator that pools liquidity from some of the top exchanges in the world and presents the best rate on its app for every buys and sell, apart from that their customer support is also very hands-on and thus it is my preferred choice.
Other notable features of WazirX are:
With respect to liquidity, WazirX is still on its way up. The exchange had a 24-hour trading volume of USD 3.37 million, placings it on place no. 153 on the list of the exchanges in the world with the highest 24-hour trading volumes.
WazirX Trading fees
The fees at WazirX are what we call flat fees, meaning that makers and takers are charged the same fee. WazirX’s fees are 0.20% for both takers and makers. This is in line with the industry average, which has historically been around 0.25%. Today, which is quite normal.
WazirX Withdrawal fees
WazirX charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the global industry average and thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market. The global industry average is 0.000812 BTC per BTC-withdrawal, so WazirX is roughly 40% lower than that.
This is actually the only place where this particular cryptocurrency exchange takes the “gold medal” among Indian cryptocurrency exchanges. The security score received by this Indian cryptocurrency exchange site is C when performing the test at Observatory by Mozilla. No other Indian cryptocurrency exchange has a higher security score. A “C” is also in line with the global industry average.
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I personally feel WazirX is the best for trading cryptocurrencies in India. WazirX looked to me like a fresh grad student out of the university, who felt that he could take on the world right then. But the fact that Binance had acquired WazirX, elevated its status in front of my eyes. Intuitively, I started researching WazirX. And the more I read, the more still the raging waters turned in my mind. Without waiting for another night, I created my account on WazirX.
Apart from this, the association of Binance with WazirX provides its legitimate security. So far I can undoubtedly say that I am happy with my decision.
Hope that answers your question.