WazirX Coin operates as the utility token of WazirX, based on the Binance Blockchain. Token holders are offered various benefits including transaction fee discounts, WRX trade mining, token airdrops, margin fees, and various other advantages on the trading platform.
The WazirX platform presents itself as “India’s most trusted cryptocurrency exchange.” The platform lists six main advantages for its users; among them are efforts to be the most secure exchange in India, providing the correct KYC protocol using top-level identity systems, and the ability to scale the system within seconds to meet increasing demand.
WazirX claims to offer a seamless and robust trading experience across all platform applications, including Web, Android and iOS mobile platforms, as well as Windows and Mac. It also purports to be both extremely fast and conducive to trading, with a focus on user experience.
Launched in 2018 and with over 400,000 users, WazirX aspires to be the fastest-growing cryptocurrency exchange in India. 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 that helps crypto investors find expert traders and manage their cryptocurrency portfolios, a P2P engine, over 80 different cryptocurrencies, and the ability to log in with Binance.