WazirX, launched in 2018, is described as India’s largest cryptocurrency exchange and operates as part of the Binance group. Through the platform, users can buy, sell, and trade digital assets in India as well as in other regions worldwide. It provides detailed trading tools such as real-time open order books, charting, trade history, plus options for deposits and withdrawals.

The platform’s broader mission is to promote understanding of the cryptocurrency market and encourage wider awareness.

WRX is the exchange’s native token, with a maximum supply of 1 billion. It was introduced in 2020 to serve as the core of the WazirX ecosystem. The price charts shown on this page correspond to the WRX market price.

What are WazirX’s key features and how does it work?

WazirX primarily offers an exchange along with market analytics. The platform supports spot trading and also P2P trading. It lists 80+ cryptocurrencies and lets users trade using fiat markets. Trading on the platform involves fees that vary based on the amount traded and the trade’s currency. Deposits and withdrawals also come with fees.

In addition to that, WazirX enables P2P transactions. The exchange uses a proprietary P2P method it refers to as P2P 2.0. This is designed to support fast fiat-to-crypto trades and streamlines deposit and withdrawal steps. WazirX functions as an escrow to help maintain reliability while the buyer and seller confirm the agreed amounts.

The platform also provides an OTC service that operates 24/7 for higher-volume trading. Reported advantages include access to high liquidity, low trading fees, an order tracking dashboard, and personalized service and support.

What is noteworthy about WazirX?

WazirX includes a Referral Program that is described as well-established. The program rewards both existing users and new users: participants can invite friends and receive rewards in return. Referrers can earn 50% of the trading fee from each referred friend, with no stated cap on the total amount. Rewards in WRX are granted regardless of how the trading fee was paid.

WazirX also works to encourage broader crypto adoption. Community members can join as WazirX Warriors-users helping advance the mission of educating people with limited or little information about cryptocurrencies. Enrollment provides rewards that range from $100 to $1000. Additional perks include education resources, special event passes, early access to product announcements, and more.

How can WRX be used?

WRX was introduced in 2020 as part of the WazirX ecosystem foundation. As a result, it has multiple use cases within the trading platform. 

To begin with, WRX holders are eligible for various rewards. This includes lower trading fees when those fees are paid with WRX. WRX tokens can also be used for other payments on the platform, such as margin trade fees. In WRX pairs, trading fees are zero.

WRX can be obtained through different platform-related activities. For instance, WRX can be mined, unlocked, and earned through P2P Trading. Token airdrops are also available for 

WRX token holders can also participate in voting for coin listings and can suggest features to be added to the WazirX exchange.

The WazirX team performs token burns every quarter. The burn amount is tied to the exchange’s trading volume, and will continue until 10% of the total token supply has been burned.

Where can you buy WRX?

WRX can be purchased on the CEXs and DEXs shown in the market tab here. Some commonly listed exchanges include Binance, Kucoin and Gate.io

The WRX price depends on where it’s listed and overall market demand. 

For full and current information on the WRX price, including historical price charts, check the price data on this page.