WazirX Coin operates on the Binance Blockchain as the utility token of WazirX. It offers token holders various benefits including transaction fee discounts, WRX trade mining, token airdrops, margin fees, and other advantages on the trading platform.
The WazirX platform identifies itself as “India’s most trusted cryptocurrency exchange.” It lists six main advantages for its users, which include striving to be the safest exchange in India, ensuring proper KYC protocols through advanced identity systems, and scaling the system within seconds to meet increasing demand.
WazirX claims to provide a seamless and powerful trading experience across all platform applications, including Web, Android and iOS mobile, Windows, and Mac. It also asserts to be both very fast and suitable for trading by focusing on user experience.
Launched in 2018 and boasting over 400,000 users, WazirX aims to be India’s fastest-growing cryptocurrency exchange. It operates within the Binance ecosystem and has jointly launched the ‘Blockchain for India’ fund worth 50 Million Dollars with Binance.
Through WazirX, users can access instant conventional money deposit and withdrawal options, the Smart Token Fund feature which helps crypto investors find expert traders and manage their cryptocurrency portfolios, a P2P engine, over 80 cryptocurrency options, and the ability to log in with Binance.