How to trade WazirX (WRX) coins to others

To trade WRX coins on WazirX, users must sign up for an account, deposit coins, create a trade order, fulfill the order through matching with another user, and finally withdraw the acquired cryptocurrency to their own wallet.

Nov 29, 2024 at 08:27 am

How to Trade WazirX (WRX) Coins to Others

WazirX (WRX) is an Indian cryptocurrency exchange that allows users to trade cryptocurrencies with Indian rupees. WRX is the native token of WazirX, and it is used to pay for trading fees, participate in governance, and earn rewards.

If you want to trade WRX coins to others, you can do so by following these steps:

1. Create a WazirX Account

To begin, you need to create a WazirX account. You can do this by visiting the WazirX website and clicking on the "Sign Up" button. Once you have clicked on the "Sign Up" button, you will be prompted to enter your name, email address, and password. You will also need to agree to the WazirX Terms of Service.

After you have entered your information, you will need to click on the "Create Account" button. Once you have clicked on the "Create Account" button, you will be sent a verification email. You will need to click on the link in the verification email to activate your account.

2. Deposit WRX Coins into Your WazirX Account

Once you have created a WazirX account, you will need to deposit WRX coins into your account. You can do this by clicking on the "Deposit" button on the WazirX website. Once you have clicked on the "Deposit" button, you will be prompted to select the cryptocurrency that you want to deposit. You will then need to enter the amount of cryptocurrency that you want to deposit.

Once you have entered the amount of cryptocurrency that you want to deposit, you will need to click on the "Deposit" button. The cryptocurrency that you deposited will then be credited to your WazirX account.

3. Create a Trade Order

Once you have WRX coins in your WazirX account, you can create a trade order. To create a trade order, you need to click on the "Trade" button on the WazirX website. Once you have clicked on the "Trade" button, you will be prompted to select the cryptocurrency that you want to trade. You will then need to enter the amount of cryptocurrency that you want to trade.

Once you have entered the amount of cryptocurrency that you want to trade, you will need to select the type of order that you want to create. You can choose to create a market order or a limit order. A market order will be executed immediately at the current market price. A limit order will only be executed if the price of the cryptocurrency reaches the limit price that you specify.

Once you have selected the type of order that you want to create, you will need to click on the "Create Order" button. The order that you created will then be displayed in the "My Orders" section of the WazirX website.

4. Fill Your Trade Order

Once you have created a trade order, you need to wait for the order to be filled. The order will be filled when another user places an order that matches your order. When the order is filled, the cryptocurrency that you are selling will be transferred to the other user's account, and the cryptocurrency that you are buying will be credited to your account.

5. Withdraw Your Cryptocurrency

Once your trade order has been filled, you can withdraw the cryptocurrency that you bought to your own wallet. To withdraw cryptocurrency, you need to click on the "Withdraw" button on the WazirX website. Once you have clicked on the "Withdraw" button, you will be prompted to select the cryptocurrency that you want to withdraw. You will then need to enter the amount of cryptocurrency that you want to withdraw.

Once you have entered the amount of cryptocurrency that you want to withdraw, you will need to click on the "Withdraw" button. The cryptocurrency that you withdrew will then be sent to the wallet address that you specified.