Last updated 21/10/2022
Official Website: https://wazirx.com/
WazirX, the world's first auto-matching P2P engine in India, is a byproduct of cryptocurrency legislation and the central bank of India's restriction on engaging with cryptocurrency firms and exchanges. WazirX P2P, which has been gradually expanding, is now the preferred method in India for INR deposits and withdrawals.
WazirX was first created for Indians in order to give them access to the most powerful component of the cryptocurrency ecosystem as well as a reliable solution with top-notch UX and open communication.
The WazirX trading platform's official token, abbreviated WRX, was introduced to involve the WazirX community in platform development and to reward them for their contributions. The utility token WRX, which is the foundation of the WazirX ecosystem and will be built on the Binance blockchain, is the native token of WazirX.
WazirX wants to stick to the shared benefits principle found in cryptocurrencies and blockchain technology. The team gave WRX tokens to its early users at launch in order to give them a chance to share in its success.
When the government of India had just banned cryptocurrencies, WazirX's P2P functionality was being developed. The WazirX team designed and developed WazirX P2P, the first auto-matching P2P engine in the world, without deviating from the firm purpose. Users can buy cryptocurrencies using fiat money using peer-to-peer platforms, which are classified ads. In most P2P transactions, the process begins when a buyer submits a USDT buy order and is immediately auto matched with a seller. Through the escrowed policy, the matched buyer and seller confirm the transmitted and received the money. Then, USDT is sent to the buyer's wallet, while the seller avoids government regulations by receiving payment into their bank account.
Nischal Shetty, the company's CEO, and founder. Along with founding Crowdfire, he is considered as one of India's top Blockchain influencers on Twitter with over 60K followers.
WazirX's co-founder and CTO Sameer Mhatre previously created Crowdfire alongside Sherry. He oversees all things technological and excels at design and development. For entertainment, he solves programming challenges on TopCoder.
WazirX's COO and co-founder, Siddharth Menon, is also a co-founder. He is an innovator who created the first auto-order matching P2P exchange and supports the adoption of a decentralised, open economy.
WazirX, an Indian cryptocurrency exchange that was established in 2018, claims to have over 1 million members. A component of the Binance ecosystem is WazirX. WazirX wants to open up cryptocurrency to everyone in India. WazirX is a part of the Binance ecosystem and is accessible to users worldwide.
The WazirX utility token is called WRX. Based on the Binance blockchain, WRX currency. One Billion is the total supply. On the trading exchange, token holders will receive a variety of rewards, including trading fee reductions, WRX trade mining, token airdrops, margin fees, and more. Indian businesspeople with more than 10 years of expertise developing and expanding international goods are the backers of WRX. Binance also got WazirX in November 2019.
A user-friendly option to keep your $WRX secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to their MetaMask wallet.
Atomic Wallet is a popular custodial wallet option that can hold a wide variety of cryptocurrencies such as WRX making it highly desirable for users who wish to have a varied portfolio.
To store WazirX (WRX) tokens offline and secure the leading hardware provider Trezor is a great choice.
You can Buy & Sell WazirX (WRX) by heading over to the Buy Coins page of our website. WazirX (WRX) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $WRX has never been easier, simply place your order and provide your wallet address. Once your payment arrives WazirX (WRX) will be sent directly to your wallet.
If you choose to Sell WazirX (WRX) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.