Real-time WRX price analysis
The current price of WazirX in real time is US$0.2468and its trading volume is equal to US$1,495,666 in the last 24 hours. WRX price has grew by
2.42%
on the last day and increased by
0.58%
in the last 7 days. It is important to note that WazirX’s current market capitalization is US$94,246,433Speaking of working resources, the WRX has 381 856 872 coins. Currently, WazirX’s market ranking is #365.
WazirX price today
95.84%
below
always on top and that’s it
509.79%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling WRX are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is WazirX (WRX)?
WRX is the native token of WazirX, an Indian company. cryptocurrency exchange. The exchange belongs to Binance ecosystem. If you are interested in the underlying price trends of WRX, take a look at the WazirX price chart above.
The main goal of WazirX is to provide crypto infrastructure to Indian crypto enthusiasts. The task is made somewhat more difficult by the cryptocurrency ban in India, which was introduced in 2018.
To overcome regulatory hurdles, WazirX uses automatic P2P mechanism. The engine eliminates the participation of financial institutions in the trading process and ensures direct interaction between buyers and sellers.
They work on the WazirX exchange live open order book system. An order book is a list that shows all open orders currently active for a particular trading pair. It gives users access to over 80 popular cryptocurrencies including BNB, Bitcoin, Litecoin and so on.
In 2019, Binance decided to invest in the WazirX exchange and make it part of its ecosystem. This was a big step forward for the exchange and had many advantages. For example, to allow traders to transact using Indian Rupees, Binance integrated the exchange with its Binance Fiat Gateway tool. Additionally, with the help of Binance, WazirX launched a $50 million Blockchain for India fund.
Founders of WazirX
The WazirX exchange was launched in 2018 by the company Nischal Shetty, Siddharth Menon and Sameer Mhatre.
Nischal Shetty has a degree in Computer Science. Before founding WazirX, Shetty worked as a software engineer at 3i Infotech. Additionally, he also founded Twi5 and Crowdfire. In addition, he is a committer on Shardeum.
Siddharth Menon has a degree in geology. Apart from co-founding WazirX, he has also co-founded companies such as Borget Solutions, 3CRUMBS, Justmigrate, Crowdfire and Tegro.
Sameer Mhatre has a degree in Computer Science. Before joining the founding team of WazirX, he was a software developer at Myzus Infotech Pvt Ltd and Infomedia18 Ltd. Additionally, he also co-founded Crowdfire.
Purpose of WRX Tokens
WazirX tokens are stored on the Binance blockchain. They are the driving force behind the WazirX crypto project. WRX tokens are mainly used for trade. However, they are also used as payment method for various fees, including trading commissions, margin fees, listing fees, and so on. However, WRX token holders receive various discounts on these fees in addition to random tokens. air drops and a few more advantages.
Don’t forget to take a look at the mentioned WazirX price chart to see the current price of WRX.
WRX Tokenomics
WRX tokens do not have a maximum token pool, meaning that new WRX tokens can be created whenever there is a need. The initial total supply is 1 billion WazirX coins. Since the value of WRX may decline over time, WazirX burns some of its own tokens on a quarterly basis to prevent the price of WRX from falling. Therefore, if you decide to invest in WRX tokens, please be aware that the price of WazirX may change due to its volatility.
What is the trading volume of WazirX in the last 24 hours?
WRX has trading volume US$1,495,666 in the last 24 hours.
What is the highest price for WazirX?
WRX has the highest price $5.94which was achieved at April 05, 2021 (2 years 10 months ago).
What is the lowest price for WazirX?
WRX has the lowest price $0.0405which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling WRX?
Currently the most active and dominant exchanges for buying and selling WazirX are Binance, Kraken & Kucoin. The most popular WazirX trading pairs WRX/USDT
(on
Binance
),
WRX/USDT
(on
Billiards
),
WRX/INR
(on
WazirX
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing WRX?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage WazirX. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
