WazirX WRXPrice $ 0.031

WazirX, founded in 2018, is India’s largest cryptocurrency exchange and forms a part of Binance group. The exchange enables users to buy, sell and trade digital assets in India, and other parts of the world. The platform features comprehensive information including real-time open order books, charting, trade history, as well as, deposit and withdrawals.

The platform has an overarching goal to spread and encourage awareness about the cryptocurrency market.

WRX is the exchange's native currency and has a maximum supply of 1 billion. It was launched in 2020 with the purpose to serves as the backbone of the WazirX ecosystem. The price charts on this page reflect WRX marketprice.

What are WazirX’s key features and how does it work?

The main product WazirX offers is its exchange and market analytics. The platform facilitates spot trading, as well as P2P trading. The platform has over 80+ cryptocurrencies listed and users can trade in fiat markets. Trades on the platform will incur trading fees, depending on the amount traded and the currency of the trade. Depositing and withdrawing will also incur fees.

As mentioned, WazirX also facilitates P2P trades. The platform itself uses its own unique P2P mechanism that it calls P2P 2.0. It allows for quick trades from fiat to crypto and has simplified deposit and withdrawal processes. WazirX acts as an escrow for ensuring reliability during the process whilst the buyer and seller confirm the amounts.

The platform also offers an OTC service available 24/7 for larger trading volumes. Some benefits of the Wairx OTC service include access to the highest liquidity amounts, low trading fees, an order tracking dashboard, as well as personalized service and support.

What is noteworthy about WazirX?

The WazirX platform also has a well-developed Referral Program. The program incentivizes current users and new users. Users can refer their friends to the platform and receive rewards in return. They have the opportunity to earn 50% of every one referred friend’s trading fee, up to an unlimited total amount. Rewards are distributed of WRX irrespective of how the trading fee was paid.

WazirX also aims to promote the overall adoption of crypto. As such, community members can become WazirX Warriors, these are users who help to share WazirX’s mission to educate and spread awareness about cryptocurrencies to those who have limited or little information. Joining the program entitles users to various rewards, ranging from $100 to $1000. Other benefits include access to education resources, special event passes, early access to product announcements and more.

How can WRX be used?

WRX was launched in 2020 and built as the backbone of the WazirX ecosystem. Therefore, there are several use cases for WRX directly on the trading platform. 

First, owning WRX entitles its holders to several rewards. These include a reduction in trading fees if paid with WRX. WRX tokens can also be used for other payments on the platform, like fees on margin trades. Participating in WRX pairs on the exchange will incur zero trading fees.

WRX can also be acquired via various functions on the platform. For example, WRX can be mined, unlocked, and earned via P2P Trading. Token airdrops are also available for 

WRX token holders also have the right to participate in votes on coin listings and suggest features to be added to the WazirX exchange.

The WazirX team implements token burns every quarter. The amount burnt is based on the trading volume of the exchange and will continue until 10% of the total token supply has been burnt.

Where can you buy WRX?

WRX is available to buy on the CEXs and DEXs as listed on the market tab here. Some of the most popular exchanges include Binance, Kucoin and Gate.io

The price of WRX will depend on the exchange listing, as well as market interest. 

For full and up-to-date information about WRX price, including historical price charts, please view the price data on this page.