Review on WazirX by Aman Arora
WRX built to provide features and rewards for Users
WazirX is native Indian cryptocurrency exchange built under Binance ecosystem specifically for Indian Users. Exchange has performed well under various circumstances and steps taken by Reserve Bank of India to legalize cryptocurrency Trading in India. WazirX is the only exchange that allows interexchange of Coins directly to Binance for easy conversions.
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WRX is the native token of WazirX which was built to offer multi utilities within the platforms. WRX was given as Airdrops to Early Bird user and almost all the tokens were locked as your Trading volume at Exchange decide the unlocking phase. Unlocked tokens can be used to pay off the fees for trading with 50% discount.
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You can also buy WRX at exchange with WRX/USDT & WRX/INR crosses. WazirX exchange has provided all the features required to trade specifically for Indian users as Exchange provide Staking facility of various coins as well as various competition to boost the volume of newly listed coins and has done fairly well to be amongst the top ranking Exchange.
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WazirX also provide p2p facility at reasonable rated and very low fees fiat deposits and withdrawls. With Binance behind the WazirX Exchange seems promosing and well on its way to acquire more growth and promote new features and its Native token WRX has been performing well as it is widely traded on exchanges outside WazirX with good volume.
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Updated 4 years ago
Rating changed from 4 to 5
WazirX has been recorded as higher user database in India within a time period of over two months. With Growing volume and more listings and perks to use the exchangeWazirX has the potential to become India's consistently top performing Exchange. Thats is the only percise reason I've maintained my Ratings to five stars because Im regular user of Exchange and have recorded the performance and qualities they implement to improve the Exchange services.
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Pros
- WazirX has performed exceptionally by providing Multiple trading pairs and latest facilities
- WRX provide you the facility to pay fees with 50% discounts
- Token is traded with good volume and provide users to earn rewards which boosts volume
Cons
- I dont see any negative side of Wrx token except its low value despite been good management and Ecosystem
