WazirX is a new Indian-based exchange that has been in operation for just over a year. It is the first crypto-only exchange in India, and it has been built to support the needs of an emerging market. In this article, you will look at the factors that have led to a rise in the trading volume of WazirX and what you can expect for the future.
The cryptocurrency market has seen exponential growth in recent years, and India is not left out of this trend. If you want to get some in-depth information about bitcoin, check the benefits of bitcoin at Indian exchanges like Zebpay and Unocoin trade over $5 billion worth of bitcoin annually, and this number is on the rise.
What does it take for cryptocurrency to flourish in India?
The answer is simple: simplicity, security, and education. WazirX offers all three of these things with its new cryptocurrency exchange platform, built from the ground up with emerging markets such as India in mind.
The exchange provides a user-friendly interface and dozens of popular digital currencies. Another central selling point for WazirX is the ability to hold cryptocurrency in their multi-signature wallets securely.
What is WazirX Token (WAZ)?
3400 WAZ Tokens are provided as a reward to each user who trades on the WazirX exchange platform. The total supply of WAZ tokens is limited to 3400 tokens ever. After reaching the cap, the top 100 users with the highest trading volume will receive WAZ as a reward every month. These rewards will be distributed to the users’ registered ERC-20 compatible wallets through an airdrop.
How to trade on WazirX?
When you sign up for the WAZ token, you must confirm your e-mail and create a new account. Once you do so, you will be able to deposit your cryptos and begin trading immediately.
The platform provides two wallet options: the desktop and the web versions. You can access these wallets directly or through their mobile app. The desktop wallet is available for both Windows and Mac operating systems. A backup option is also available to allow users to download their transactions and restore their wallets; they lose them for any reason.
What is the future of WazirX?
WazirX has some big plans for the future, and those plans can help business people and individuals to reach the next level in the long run. Some of them are discussed below, and you can look at them for additional details.
- Integration of the Indian government’s Unified Payments Interface (UPI). To register for UPI on WazirX, users will need to provide their mobile number, and an OTP will be sent to their phone. They will then be able to add a bank account and begin trading. If they already have a bank account, they can enter their details to link it with UPI.
- WazirX also plans to integrate a crypto-to-crypto exchange that will allow users to trade bitcoin and other cryptocurrencies directly among themselves.
- WazirX will also be targeting long-term investors with plans to introduce an educational program that will teach people about cryptocurrency and blockchain technology.
- WazirX will also introduce a referral program to pay users to refer their friends and family to the platform.
- The company also plans to introduce two-factor authentication and a mobile app that supports instant trading.
WAZ Token Future PREDICTION!
From what you can see from the WazirX platform, WAZ Futures might grow at the rate of about +89.2% annually in 2021, which means 38 billion will reach 89 billion in 2021. This price prediction is based on the analysis done from social media comments, website analysis, market research and many other methods.
Industry analysis
WazirX has been in business for only a year, but it has an active user base and a platform that’s easy to use. It’s also one of the few exchanges in India that does not require a bank account. In a nutshell, it means it can cater to a much more extensive range of people who don’t have access to banking services. All these steps are possible due to advancements in technology, and making money from anywhere in the world is now possible.
