How to buy and sell WazirX (WRX) currency

The WazirX exchange, headquartered in India, utilizes WRX as its native token, offering advantages like trading fee reductions, rewards, and governance involvement.

Nov 29, 2024 at 11:30 am

How to Buy and Sell WazirX (WRX) Currency

WazirX (WRX) is a cryptocurrency that powers the WazirX exchange, one of India's largest cryptocurrency exchanges. WRX has a variety of uses on the exchange, including paying for trading fees, earning rewards, and participating in governance decisions.

If you're interested in buying or selling WRX, here's a step-by-step guide to help you get started:

Step 1: Create a WazirX Account

• Visit the WazirX website (https://wazirx.com/) and click on the "Sign Up" button.
• Enter your email address, create a password, and agree to the terms of service.
• You will receive a confirmation email. Click on the link in the email to activate your account.

Step 2: Deposit Funds into Your Account

• Once your account is activated, you can deposit funds into it using a variety of methods, including bank transfer, UPI, and cryptocurrency.
• To deposit funds using bank transfer, click on the "Deposit" button on the WazirX website and select "Bank Transfer."
• Enter the amount you want to deposit and follow the instructions on the screen.
• To deposit funds using UPI, click on the "Deposit" button on the WazirX website and select "UPI."
• Enter the amount you want to deposit and follow the instructions on the screen.
• To deposit funds using cryptocurrency, click on the "Deposit" button on the WazirX website and select the cryptocurrency you want to deposit.
• Enter the amount you want to deposit and the wallet address you want to send the funds from.

Step 3: Buy WRX

• Once you have deposited funds into your account, you can buy WRX.
• Click on the "Exchange" tab on the WazirX website and select the WRX/INR pair.
• Enter the amount of WRX you want to buy and the price you are willing to pay.
• Click on the "Buy WRX" button. Your order will be placed on the exchange and executed once the market price reaches your desired price.

Step 4: Sell WRX

• If you want to sell WRX, you can do so on the WazirX exchange.
• Click on the "Exchange" tab on the WazirX website and select the WRX/INR pair.
• Enter the amount of WRX you want to sell and the price you are willing to accept.
• Click on the "Sell WRX" button. Your order will be placed on the exchange and executed once the market price reaches your desired price.

Step 5: Withdraw Funds

• Once you have sold your WRX, you can withdraw the proceeds from your WazirX account.
• Click on the "Withdraw" button on the WazirX website and select the method you want to use to withdraw your funds.
• Enter the amount you want to withdraw and the wallet address you want to send the funds to.
• Click on the "Withdraw" button. Your withdrawal request will be processed and the funds will be sent to your wallet address.