🧩 What is WazirX?
WazirX is an Indian crypto exchange platform founded in 2018. It allows users to:
✔ Buy & sell cryptocurrencies
✔ Perform peer-to-peer (P2P) transactions
✔ Trade using spot markets
✔ Transfer crypto to external wallets
Popular cryptos available include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Dogecoin (DOGE)
- Polygon (MATIC)
- USDT (Tether)
🛠 Step-by-Step Process to Trade Crypto on WazirX
Step 1: Download the WazirX App
WazirX is available on:
✔ Google Play Store
✔ Apple App Store
✔ Web browser version
After installation, click “Create Account.”
Step 2: Register and Verify Email
Enter:
✔ Email ID
✔ Password
Confirm your email through the verification link sent by WazirX.
Step 3: Complete Mobile Number Verification
Enter your mobile number and verify using OTP.
Step 4: Complete KYC Verification
KYC is required to deposit/withdraw INR.
Upload:
📄 PAN Card
📄 Aadhaar / Passport / Driving License
📄 A selfie for identity matching
KYC approval usually takes 1–48 hours depending on verification load.
Step 5: Add Funds to Your WazirX Account
There are two funding options:
Option A: INR Deposit
Fund easily via:
✔ UPI
✔ Net Banking
✔ IMPS / NEFT
Once INR is added, you can directly buy crypto using spot trading.
Option B: P2P Market
Buy USDT from other users using:
✔ UPI
✔ IMPS / Bank Transfer
P2P is useful if direct INR deposits are limited or paused.
Step 6: Buy Your First Crypto
To buy crypto:
- Go to Exchange or Spot Market
- Select trading pair (e.g., BTC/INR, USDT/INR, ETH/USDT)
- Choose order type:
- Market Order (Instant buy/sell)
- Limit Order (Set your own price)
- Enter the amount
- Click Buy
Crypto will reflect instantly in your Funds wallet.
Step 7: Sell Crypto Anytime
To sell:
- Select the coin
- Choose Sell option
- Use Market or Limit order
- Confirm the sale
You will receive INR or USDT depending on the trading pair.
Step 8: Withdraw INR or Transfer Crypto
To withdraw INR:
➡ Go to Funds → INR → Withdraw
Enter bank details and amount.
Withdrawal time depends on bank processing.
To transfer crypto:
➡ Go to Withdraw Crypto
Enter wallet address + network
Confirm withdrawal
Always verify wallet addresses carefully to avoid loss.
💸 Fees & Charges
Typical charges include:
✔ Trading fees
✔ Deposit/withdrawal charges
✔ Network fees (for crypto transfers)
Fees vary per market & network.
⚠ Legal Status & Taxation in India
- Cryptocurrency is not banned in India.
- It is not considered legal tender like INR.
- Crypto profits are taxed at 30% on gains + TDS for certain transactions.
- Banking rules, taxation, and compliance may change based on government regulations.
Always keep records for tax filing.
🧠 Tips for Safe Crypto Trading
✔ Start small and learn gradually
✔ Avoid trading on hype and rumors
✔ Use 2FA security for your account
✔ Diversify your crypto holdings
✔ Don’t share private wallet keys
✔ Stay informed about regulations
📌 Conclusion
WazirX is a beginner-friendly exchange for Indians looking to enter the crypto market. With simple KYC, multiple deposit options, and P2P trading, users can easily buy, sell, and transfer cryptocurrencies. However, traders should stay updated on Indian laws, tax rules, and crypto market risks.
📜 Disclaimer
This blog is for educational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency markets are highly volatile and regulatory conditions in India may change. Trading crypto involves the risk of financial loss. Always do your own research and consult qualified financial or legal professionals before investing.