Review on WazirX by David Olayide
WazirX and WRX
WazirX is a fast and growing cryptocurrency exchange with over 400,000 users, based in India. WazirX is a part of the Binance ecosystem, and both WazirX and Binance have launched a $50 Million USD ‘Blockchain For India’ fund. The exchange is available for everyone globally, and it also has a host of very interesting features.
WRX is the utility, or built-in token of WazirX. WRX token is built to operate on the Binance blockchain and the token has a total supply of about 1 Billion coins as well as a circulating supply of 250 Million. Anyone who holds the token, will get to enjoy various benefits on the trading exchange such as discounts on trading fee, WRX trade mining, token airdrop, margin fee, and much more. WazirX was acquired by Binance in November 2019.
The major aim of WazirX is to make crypto accessible to everyone in India. Talk about advanced trading interface and features that allow the ease of buying, selling and trading of cryptocurrencies. Wazir operates with a live open order book system that allows users to trade more than 80 digital assets like Bitcoin, BNB, Bitcoin Cash, Litecoin, Dash and many more. Users can deposit or withdraw cryptocurrencies and also cash in or cash out USDT through the use of the Peer-to-Peer.
Pros
- The exchange supports and encourages total adoption of cryptocurrencies in India
- WazirX has a lot of interesting features
- Live open order book available
Cons
- The exchange focused it's activities mostly in India
