About WazirX
WazirX is best cryptocurrency exchange in India. Started in 2018, WazirX has grown to be the most trusted cryptocurrency trading app in the Indian crypto market. Most important it is a part of Binance group, which is the world’s largest crypto exchange, serving users in 180 countries.
Also, WazirX and Binance have recently announced a $50 million Blockchain India Fund in alignment with its vision of making crypto accessible to India what are liquidity providers.
With a volume of $5.4 billion per month, and growing at an exponential pace, WazirX is seeing a steep rise in the number of new users as well as trading activity. With 6 million registered users, WazirX’s growth has just started.
Furthermore, WazirX and Nischal Shetty, the pioneer of the #IndiaWantsCrypto movement, have a social media reach of more than 5 million.
What Is A Cryptocurrency?
Without a doubt, two words make up the word cryptocurrency – ‘crypto’ and ‘currency’. Crypto stands for cryptography. A cryptocurrency uses cryptography to secure, conduct, and validate monetary transactions.
Above all, no individual or organization controls the creation and issuance of cryptocurrencies as they exist on distributed, decentralized networks called blockchains.
Blockchains basically consist of information packets called ‘blocks’ that are interconnected in a ‘chain’ type arrangement. Contrary to centralized ledgers maintained by banks or data repositories ‘controlled’ by software and networking behemoths, blockchain is a decentralized ‘peer-to-peer’ digital ledger.
Bitcoin is known as a type of cryptocurrency because it uses cryptography to keep it safe. There are no physical bitcoins, only balances kept on a public ledger that everyone has fair access to (although each record is encrypted). All Bitcoin transactions are verified by a massive amount of computing power through a process known as “mining.” Bitcoin is not issued or backed by any banks or governments, nor is an individual bitcoin valuable as a commodity.
How To Open a Crypto Trading Account for cryptocurrency trade on WazirX?
WazirX offer a plethora of options for you to buy bitcoin or any other cryptocurrency according to your budget. It also provides essential news for cryptocurrency,
To start, you need to set up an account on WazirX. India’s most trusted and best cryptocurrency app till now. Follow the below steps for the same:
- To begin with you need to Download the WazirX app or visit the website. Then hit the Sign Up button
- Afterward fill in your email address (one that you use frequently), and your desired password
- Click on the Terms of Service checkbox, but go through it once before checking
- Then press the Sign Up button
- Hence, you will be sent a verification email after hitting the sign-up button. Once email received, click on Verify Email to complete the process. On successful verification, you should see this message:
KYC Verification
The last and foremost stage in the account set up process is KYC verification. Select your country from the list:
Then verify your KYC and finish the process. After that do click on WazirX Login and guess what!!, you are all set to buy Cryptocurrencies from WazirX!
