Today WazirX serves traders in 180 countries. There are no restrictions for Russian citizens to register a personal account, trade and deposit funds.
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Regulation and platform security
The trading platform is regulated by Indian law. WazirX pays commission tax, which pays customers when making transactions. The platform uses self-regulation by implementing KYC (Know Your Customer – Know Your Customer) system to counter fraudulent and illegal activities.
Security protocols
- storage of part of the funds in a cold, protected place;
- operation of the multi-signature wallet system;
- two-factor authentication of funds withdrawal;
- instructions in the regular audit of security systems.
Registration on the WizarX website with starting bonuses
Similar to the Tinkoff service, you can register on the WaziriX exchange and receive bonuses by invitation. If you don't have a friend who already trades on the exchange, then you can go to the site and register using our partner link and get a 50% discount on the commission when trading and WRX to BUSD convert.
The creation of a personal account begins with the “SIGN UP” button in the upper corner of the screen. Then we get to the registration page. In the “EMAIL” field, enter your valid mail, in the “PASSWORD” field – a strong password of at least 6 characters, we repeat the password. Put a tick in front of “I agree with the WazerX Terms of Service” and press the “REGISTER” button.
Token WRX
The native WRX token is a token utility that underpins the WazirX ecosystems.
No More Than 1 Billion WRX Coins Will Ever Be Created
The WRX token is issued on the Binance blockchain. During the launch of WazirX in March 2018, WRX tokens were distributed to early adopters to encourage them to develop and extend WazirX.
We offer a 50% discount on trading fees to all traders who pay commission using WRX tokens.
If we talk about Wazirx, then the most weighty plus of this project is its belonging to the global mega-ecosystem Binance. Changpen Zhao and the company will never get involved with an outright scam, let alone launch it on their own blockchain. WRX coin can be exchanged for other crypto and fiat money. The Wazirx project helps billions of people from underdeveloped countries to take advantage of blockchain technology. The only drawback is the relatively small number of trading platforms. The exchange and the coin itself are primarily focused on India and neighboring countries, but in principle anyone can work with it. The development strategy of Wazirx provides for:
- Creation and development of specialized Telegram communities for different countries.
- Hosting and participating in more meetings, conferences and social events.
- Launching innovative reward programs.
- Partnering with DeFi wallets and apps to provide a fiat gateway solution.
- Of course, without the support of Binance Wazirx, most likely, it would have remained a little-known Indian exchange all crypto pairs, but now the project's capabilities have increased significantly.
Development prospects
The native Wazirx token may show further growth. The exchange does not have serious competitors in its region and, at the same time, is itself part of the global Binance platform, which will help it open up new markets.
Of course, a lot depends on the pace of development of the cryptoindustry and the policies of local authorities.