Review on WazirX by Temitope Babatunde
Wazirx Exchange
Wazirx cryptocurrencies exchange came life in 2017 when its CEO and founder in conjunction with some top crypto expert in India lunched what is now a for most ans reknown crypto exchanges
Wazirx cryptocurrencies exchange came life in 2017 when its CEO and founder in conjunction with some top crypto expert in India launched what is now a formost and reknown crypto exchange in India. It is legally registered and recognized, the company is at Mumbai India.
Wazirx has so many features that makes it very good for new comers, the interface is friendly no complications and no need for much explanation before one can be able to use it. There is an opportunity to do peer to peer, which means you just look for a buyer of your coin and wazirx will just act as middle men in-between and the buyer will pay directly into the sellers account, wazirx do not charge any fees for this.
Because of the volatility of the market wazirx started a program where you can decided to make your coin available to an experienced trader who will trade on your behalf and give you the profit having taken out its commission. There is also an opportunity to deposit fiat on the platform.
Security wise, there is a measure of security put in place to assure that hackers do not gain access to the platform. There is a coin native to the wazirx its name is WRX. The fees they use to charge for transactions is one of the best in the market.
By November 2019, Binance acquired wazirx though it still continues as wazirx and is helping Binance to take care of the Indian market.
Pros
- You can easily sell your assets and convert it to cash through their peer to peer system
- Especially for Indians you can deposit fiat.
- Has a good team.
Cons
- The peer to peer program is not worldwide.
- It has been acquired by Binance, thereby loosing its identity.
