With the sudden boom in the cryptocurrency markets, there have emerged multiple apps to buy cryptocurrency, but since it is still a new concept for a lot of Indians, it is incredibly important to discuss good options to invest in.
Today, we are going to discuss one of the most widely used applications in India for cryptocurrency trading, WazirX.
WazirX has become one of the most popular names in the world of cryptocurrency in India. It gained popularity because of its reliability and due to its simplistic approach to the user interface and trading. It is available on the phone and is hence also widely accessible to a lot of people who were disheartened by the entry barriers to cryptocurrencies.
WazirX can also be used to buy up to 70 cryptocurrencies
You can invest in multiple currencies using WazirX. On WazirX, you can use USD, INR, BTC and more to invest. WazirX also uses a very own currency of its own called “WRX” which can be bought by using Indian Rupees (INR) and subsequently used to buy cryptocurrency with the same.
WazirX has a very rigid KYC function that requires you to verify and authenticate yourself through the submission of essential documents. This can take up to a week to verify and makes the platform more reliable and authentic for users involved. App passcodes can be used to solidify the strength of your security.
This is where WazirX can be discerned amongst its peers, it charges a very nominally low fee of 0.2% for both maker and the taker and any amount above a Rs 100 can be deposited in your WazirX wallet via NEFT, RTGS, IMPS And UPI. UPI transaction goes through without any fee and the other three charge a transaction fee of Rs 5.9
WazirX is widely available on not just mobile-based platforms like iOS and Android, but also has a dedicated website that users can use on their work machines and desktops.
Online course on cryptocurrencies
To know more about this and the endless world of cryptocurrency, Unluclass has an upcoming online course that can help you make the right decisions in your journey with cryptocurrency.
The course will offer an analysis of the history of cryptocurrency, the kinds of cryptocurrency, the best cryptocurrency apps as well as current trends that will greatly help your understanding and entrance into the crypto world. Stay tuned for more updates!