Crypto Exchanges
By Steven Anderson
1 / 13
WazirX is a Bitcoin and Cryptocurrency Exchange in India. They say if you have not bought cryptocurrency yet, you will be able to buy one in just 5 minutes.
2 / 13
Normally those who are in India, buy cryptocurrency in India from WazirX using IMPS/NEFT/RTGS.
3 / 13
This means: IMPS/NEFT/RTGS deposits are temporarily disabled.
4 / 13
During every IPL match, users will be able to participate in exclusive giveaways, trading contests, quizzes and more.
5 / 13
For clarity, IPL is the Indian Premier League. The teams who are participating in the 2021 season are CSK, DC, RCB, MI, PBKS, RR, SRH, and KKR.
6 / 13
India is just getting used to cryptocurrency and therefore it is very common to see airdrops happening in the exchange for eligible users.
7 / 13
They organized club house events in which they discuss crypto use cases, application and more.
8 / 13
We cannot be sure that cryptocurrency transactions are smooth as there are lot of community members expressing stuff like:
9 / 13
I deposited 10000 but not credited to my WazirX account. And they share their ticket id.
10 / 13
Someone pointed to a Q and A which states: “Is there a Deposit Fee? Yes, in order to facilitate the instant deposits we use payment processors so that the amounts are…
11 / 13
In response one of the users stated: You deducted such a high fee per transfer but saying deposits are made instantly, yet it takes such a long time. Care to explain?
12 / 13
There are also real time users who say, WazirX should try and improve on it support system. It is very frustrating not to being attended to ordinary KYC.
13 / 13
Onboarding to the exchange also seems to be a bit hard. There are also complaints about difficulties in withdrawing funds.
The Currency Analytics
Want the full story?