WazirX Review: Is WazirX Legal in India or Not?
WazirX is India's popular crypto exchange platform, started in 2018 by Nech, Sameer Mhatre, and Siddharth Menon and it has grown to be the most trusted exchange in the Indian Crypto market. Here we will discuss the WaziX review.
The Cryptocurrency market continues to grow globally, and Indian crypto has witnessed substantial development. This platform allows users to trade, buy, and sell over 500 cryptocurrencies. It is part of the Binance group, the world's largest crypto exchange, serving over 180 countries.
Is the WaziX App Legal in India?
The WaziX is legal in India, as cryptocurrency is legal and anyone can trade, buy, and sell. So India has had a lack of a regulatory system to regulate their operation which is presently uncontrolled. Now the company must document their crypto trading inside the financial year according to 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 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.
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, this platform is good for the crypto investor, as it is the leading cryptocurrency exchange in India, offering an extensive range of crypto, robust security, and fees. This platform is legal in India as the Indian government allows exchanges to operate with regulatory clarity.
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