WazirX Review: Is WazirX Legal in India or Not?

Cryptocurrency is growing fast in India. And when people talk about buying Bitcoin or Ethereum, one name always comes up, WazirX. Started in 2018 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon, WazirX became one of the biggest and most trusted crypto exchanges in India. But many people still ask: Is WazirX legal? Is it safe to use? And should you trust it in 2025?

What is WazirX and How Does It Work?

Think of WazirX like Zerodha or Groww, but instead of trading shares like TCS or Infosys, you’re trading digital currencies like Bitcoin, Ethereum, or even fun ones like Dogecoin. How it works:

1. Create an account, sign up on the app or website.
2. Do your KYC, upload Aadhaar, PAN, and a selfie.
3. Add money, use UPI, bank transfer, or IMPS.
4. Buy or sell crypto, just like buying a stock.
5. Withdraw, either send crypto to another wallet or sell it and transfer rupees to your bank.

Is the WaziX App Legal in India?

Yes, WazirX is legal to use in India. Since cryptocurrency itself is not banned, anyone in India can buy, sell, or trade crypto using platforms like WazirX. However, there’s a lack of clear government rules for how these exchanges should work. So while it’s not illegal, it’s also not fully regulated. As of now, Indian companies dealing in crypto, like WazirX, are required to report their crypto holdings and trades for each financial year, as per the Ministry of Corporate Affairs.

WazirX Login

Here is the login process for WazirX:

1. Visit the WazirX official website.

2. Enter the email address.

3. Enter your password.

4. Then click on the Login button.

5. You can also log in Via a Google Account or an Apple Account.

If you forget your password, tap on the "forget password" option, enter your registered email, click on the next button, verify your account, and set a new password.

What the Indian Government Says About WazirX?

The Indian government hasn’t banned WazirX, but it’s keeping a close eye on it. Here’s what’s happened so far:

• In 2022, the Finance Minister announced that all crypto profits will be taxed at 30%. No deductions allowed, even if you lose money elsewhere, you still pay tax on your gains.
• The Enforcement Directorate (ED) once investigated WazirX for possible money laundering, but no ban or shutdown followed.
• Now, as per the Ministry of Corporate Affairs, all Indian companies must report their crypto transactions and holdings every financial year.

Pros and Cons of Using WazirX

Here are the pros and Cons:

Pros of WazirX

• Indian platform: Built for Indian users with Indian customer support.
• Easy UPI deposits: Add money quickly using your bank apps.
• Huge variety of coins: Trade over 500+ cryptocurrencies.
• Beginner-friendly: Simple design and easy to understand for new users.

Cons of WazirX

• App crashes sometimes: During heavy trading, the app may lag or stop responding.
• No phone support: Only email support is available, which can be slow.
• Crypto laws are still unclear: Government rules can change anytime.
• Confusing Binance link: Ownership and control are still not fully clear.

Should You Use WazirX or Not?

If you’re a beginner and just want to try crypto with ₹500 to ₹1000, WazirX is a good place to start. It’s simple, Indian-friendly, and offers a wide range of coins. But remember, crypto is not a fixed deposit. Prices can go up or crash overnight. So don’t invest more than you can afford to lose.

Use WazirX if:

• You're starting small.
• You want to learn how crypto works.
• You prefer Indian apps with UPI support.

Be cautious if:

• You plan to invest big amounts, use a hardware wallet, or trusted platforms for better safety.
• You want quick customer support, but WazirX has no phone helpline.
• You see random messages on Telegram or WhatsApp, avoid all unofficial groups, and use only the app or official website.

Note: Start slow, stay informed, and always double-check before you trade.

WazirX Alternatives Apps

This platform competes with other popular cryptocurrency exchanges, such as ZebPay, CoinDCX, and Unocoin. Let’s have a look:

ZebPay: ZebPay has been around longer and is known for its simple user interface, whereas WazirX offers more features and a larger selection of cryptocurrencies.

Coindcx: Well, both platforms offer a wide range of cryptocurrencies and staking options, but WazirX has a P2P system that gives an edge for the INR transaction.

Unocoin: This Unocoin platform focuses more on Bitcoin, whereas WazirX offers a broader asset selection and a better trading tool.

Conclusion

In conclusion, WazirX is legal, popular, and Indian-friendly. You can use it to trade crypto easily, just like you use Zerodha for stocks. But crypto is still a risky playground. The Indian government is watching. Taxes are high. Rules may change. So if you use WazirX, be smart, trade small, and never invest money you can’t afford to lose.