How to buy WazirX (WRX) in Australia
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How to buy WazirX
Look for an exchange that supports both fiat and cryptocurrency to simplify buying WazirX.
- Open an account on an exchange that supports WRX.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy WazirX.
- Buy WazirX.
Complete your WazirX purchase and then find the best wallet to store WRX.
What is WazirX?
WRX is the native utility token of the WazirX exchange. Traders on the WazirX platform can get a discount on their trading fees using WRX tokens and participate in governance. According to QZ, WazirX started as a cryptocurrency exchange for India where traders can buy digital assets such as Bitcoin, Ethereum, Litecoin and Ripple. It launched a WazirX peer-to-peer solution which means users can convert fiat currency to cryptocurrency instantly, with WazirX acting as a safekeeper for the transaction. It's reported it gets most of its revenue from trading fees as traders pay between 0.1% and 0.2% in fees on each trade. It was acquired by Binance in 2019. In April 2021 WazirX announced it will launch a non-fungible tokens (NFT) platform for artists.
WazirX (WRX) is the 149th largest cryptocurrency in the world by market cap, valued at $594,529,191. The current price of WazirX is $1.31, which is -0.051% lower than yesterday. Prices have ranged between $1.39 and $1.3 over the past 24 hours. All prices are listed in US dollars and accurate as of October 22, 2021 02:10 UTC.
Where to buy WazirX
Find an exchange to buy, sell and trade WRX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Is it a good time to buy WazirX?
The technical analysis gauge for WazirX displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of WazirX based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of WazirX: moving averages, oscillators and pivots. Finder is not responsible for how WRX performs.
WazirX at a glance
|Total WRX supply||1,000,000,000|
|All time high date||February 05, 2020|
|Token uses||Exchange token, platform discounts, rewards|
WazirX price performance over time
How to sell WazirX
You can cash out your WRX with the same exchange you bought it through:
- Sign in to the exchange you have WRX on.
If you store your WazirX in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of WRX you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of WazirX.
What to consider when buying WazirXInvesting in altcoins, especially new coins such as WazirX, can be risky. It’s important to understand its investment potential and use cases before investing in WRX. Main things to consider are:
- Discount on the trading fee onlined on its blog. One of the use cases of the WRX token is it allows users of the WazirX to access a discount on their trading fees. Over 4 years the trading fee discount is set to be reduced from 50% in year 1 to 6.25% in year 4.
- Other user cases. WRX holders can use the tokens to pay for listing fees on the WazirX exchange or pay for fees on margin trades.Governance. As a WRX holder you will be able to suggest what features should be added to the WazirX exchange and get the right to vote in coin listings.
- Mining. Users can mine, unlock and earn WRX tokens by performing peer-to-peer trades.
- Supply. The supply of WRX is capped at 1 billion. The tokenomics of WRX is designed so that WRX tokens are based on the trading volume of WazirX’s crypto-to-crypto platform. Over time 10% or 100 million of WRX tokens will be destroyed or “burned” to raise the token value of WRX over the longer term.
Disclaimer: Cryptocurrencies, including WazirX, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of WRX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the WazirX or any other cryptocurrency discussed.
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