WazirX: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- Zanmai Labs Pvt Ltd (FIU-IND registered entity).
- Fees
- Spot maker: WazirX ZERO plan: no spot trading fee for ₹99 per month plus GST (as of 31 October 2026).
- Risks and caveats
- A July 2024 cyberattack took about 45% of user funds; users recovered about 85% of approved claims in the first distribution, and the rest depends on Recovery Tokens.
- Checked
- 31 October 2026
Visitor ratings: do you like WazirX?
Key facts
- Type
- Centralized exchange
- Exchange launched
- 2018
- Country of registration
- India
- Operator
- Zanmai Labs Pvt Ltd (FIU-IND registered entity); Zettai Pte Ltd (Singapore entity under the restructuring scheme)
- Official site
- wazirx.com
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is WazirX
WazirX is an Indian centralised crypto exchange launched in 2018, offering INR and USDT spot markets, INR-settled perpetual futures and API trading. Its registered entity with India's Financial Intelligence Unit (FIU-IND) is Zanmai Labs Pvt Ltd, and its Singapore entity is Zettai Pte Ltd.
Good to know
- In July 2024 a cyberattack took about $230 million, which WazirX says equalled 45% of user funds. ↗
- The Singapore High Court sanctioned Zettai Pte Ltd's scheme of arrangement under section 210 of the Companies Act, with modification, on 13 October 2025. ↗
- Under the scheme, eligible users received a first distribution of about 85% of approved claims; the rest is represented by Recovery Tokens tied to possible future recoveries. ↗
- Recovery Tokens are entitlements to potential future recoveries under the scheme, not guaranteed payouts. ↗
- FIU-IND registration is an anti-money-laundering reporting registration under India's PMLA; WazirX's own blog notes it is not a general VASP licence. ↗
- India's 1% TDS applies to each trade, including trades under the WazirX ZERO plan. ↗
- A dormancy fee of ₹500 plus taxes applies after 30 consecutive days without a trade. ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | INR and USDT spot markets with 300+ listed crypto assets; QuickBuy for instant buy and sell. |
| Derivatives | INR-settled perpetual futures with leverage up to 150x, publicly launched in May 2026. |
| Fiat deposits | INR deposits by bank transfer (IMPS, NEFT, RTGS). |
| Custody / wallet | Assets are held with BitGo as custodian; Fireblocks technology was integrated in January 2026. |
| Own token | WRX; spot fee discounts under pay-per-trade depend on WRX holdings. |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| India | Zanmai Labs Pvt Ltd | Registered with FIU-IND as a reporting entity under the Prevention of Money Laundering Act, 2002 (company statement). | Financial Intelligence Unit – India (FIU-IND) |
Security and audits
- Assets are held with BitGo as custodian; Zettai Pte Ltd selected BitGo Trust in March 2025.
- Fireblocks technology was integrated in January 2026.
- Two-factor authentication is mandatory for logins and critical actions.
- In July 2024 a cyberattack took about $230 million of platform assets, which led to the Singapore restructuring.
Fees
| Parameter | Details |
|---|---|
| Spot maker | WazirX ZERO plan: no spot trading fee for ₹99 per month plus GST (as of 31 October 2026). |
| Spot taker | Pay per trade, INR markets, base tier (₹0–5 lakh 30-day volume, 0–500 WRX): 0.40% plus taxes (as of 31 October 2026). |
| Futures maker | 0.02% for WazirX ZERO members (as of 31 October 2026). |
| Futures taker | 0.04% for WazirX ZERO members (as of 31 October 2026). |
Who can use it
- Verification: KYC with PAN card and Aadhaar is required before trading.
History
| Date | Event |
|---|---|
| 2018 | WazirX launched in India. |
| July 2024 | A cyberattack took about $230 million of platform assets; Zettai sought a moratorium from the Singapore High Court. |
| 13 October 2025 | The Singapore High Court sanctioned Zettai's creditor-approved scheme of arrangement, with modification. |
| 15 October 2025 | The court order was lodged with ACRA and the scheme took effect. |
| 24 October 2025 | Trading resumed in phases, with full activation planned by 27 October 2025. |
| January 2026 | Recovery Tokens were allocated to eligible users. |
| May 2026 | WazirX Futures (INR-margined perpetual contracts) launched publicly. |
Risks and caveats
- A July 2024 cyberattack took about 45% of user funds; users recovered about 85% of approved claims in the first distribution, and the rest depends on Recovery Tokens.
- FIU-IND registration covers anti-money-laundering reporting; it is not a general VASP licence or a deposit-protection scheme.
- Futures offer leverage up to 150x, which can quickly lead to large losses.
- Each trade is subject to India's 1% TDS.
About the company
- Legal entity
- Zanmai Labs Pvt Ltd (FIU-IND registered entity).
- Parent company
- Zettai Pte Ltd, Singapore, the entity that proposed the restructuring scheme.
- Founded
- 2018
- Founders
- Nischal Shetty (founder).
- Headquarters
- HD-024, WeWork Enam Sambhav, Bandra Kurla Complex, Mumbai, Maharashtra 400051, India.
- Own token
- WRX
Official links
- Website: wazirx.com
- Fees: wazirx.com/fees
- Terms of use: s3.ap-south-1.amazonaws.com/wrx-assets/WazirXUserAgreement.pdf
- Security: wazirx.com/guardians-of-trust
- Blog: wazirx.com/blog
- Status: support.wazirx.com/hc/en-us/sections/8115931415834-FAQs-on-Moratorium-Restructuring
Questions and answers
Is WazirX regulated?
WazirX's entity Zanmai Labs Pvt Ltd is registered with India's FIU-IND as a reporting entity under the PMLA; this is an anti-money-laundering registration, not a general licence.
Is WazirX working again after the hack?
Yes. After the July 2024 cyberattack, Zettai Pte Ltd's scheme of arrangement took effect on 15 October 2025 and trading resumed on 24 October 2025.
What are WazirX's fees?
As of 31 October 2026, the WazirX ZERO plan costs ₹99 per month plus GST with no spot trading fee; pay-per-trade INR spot fees start at 0.40%, and futures cost 0.02% maker and 0.04% taker for ZERO members.
Who owns WazirX?
WazirX was founded by Nischal Shetty; its Indian registered entity is Zanmai Labs Pvt Ltd and its Singapore entity is Zettai Pte Ltd.
Does WazirX publish proof of reserves?
No proof-of-reserves report was found on WazirX's own pages; assets are held with BitGo as custodian.
Sources
- WazirX — Home page
- WazirX — Fees
- WazirX Blog — About WazirX
- WazirX — Guardians of Trust
- WazirX Blog — Managing your funds after the cyberattack
- WazirX Blog — Singapore Court sanctions Zettai's restructuring scheme
- WazirX Blog — The Scheme of Arrangement is now effective
- WazirX Blog — Trading to resume from 24 October
- WazirX Blog — One year since the restart
- WazirX Blog — 8 years of WazirX
- WazirX Blog — Zettai selects BitGo
- WazirX Blog — What is a VASP / FIU registration
- WazirX Support — Announcements
More in this section
How voting works
Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.
Page updated: