WazirX is a leading platform for cryptocurrency exchange. Crypto or cryptocurrency are digital currencies that you can own. You cannot use this to shop for something in a shop or a website, but you can do transactions with these online. When you sell your cryptos to a buyer, you can make profits over a period of time and would be able to withdraw the money you’ve made to your bank account.
WazirX lets you buy and sell cryptos on its platform. It is one of the best platforms for cryptocurrency exchange in India. You can buy cryptos in Indian currency. Selling will be very effective on the platform as you can check Live rates of the crypto and make an informed decision. There are a plethora of cryptos to invest in. Some of those are Bitcoins, Dogecoins, Tether, Ethereum, Ripple and many more.
What is WRX?
WazirX also has its own crypto called WRX which can be bought. As per the company, there will be a total of 1 Billion WRX coins ever created. The price of WRX as of today is Rs 114. The price fluctuates on account of various factors. You can watch the live prices for ERX and tens of other bitcoins on the WazirX trading website.
Why should you invest in cryptocurrency?
There are currently 4000 cryptocurrencies in existence. Bitcoins themselves are in crores. However, the discovery of more is expected to stop by 2040. That means all the coins will be mined. As there will be no coins left to be mined, the value of the currencies will skyrocket. It is also true that as more and more currencies are being discovered every 10 minutes, the value is constantly going up. So it might be a good time for you to buy some.
Cost of a crypto
Cryptocurrencies cost can go up to lakhs. The Bitcoin price as of right now is Rs 3589000. You don’t need to buy an entire bitcoin or any cryptocurrency. You can also buy a part of the crypto. It is possible to start investing in crypto for as little as Rs 500. In order to start trading with WazirX, you can get started by creating an account first.