How to get WazirX (WRX) coins

WazirX native coin (WRX) offers trading fee discounts, exclusive access, and reward earning opportunities through methods including direct purchase, staking, Launchpool participation, yield farming, airdrops, giveaways, and referrals.

Nov 29, 2024 at 11:30 am

How to Get WazirX (WRX) Coins

WazirX (WRX) is the native token of the WazirX cryptocurrency exchange, a popular platform for trading cryptocurrencies in India and several other countries. WRX offers holders a range of benefits, including discounts on trading fees, participation in exclusive events and airdrops, and the ability to earn rewards through staking and yield farming. Acquiring WRX coins can be done through several methods, outlined in this comprehensive guide.

1. Purchase WRX on WazirX Exchange

a. Open an account with WazirX.
b. Complete KYC verification to enable trading.
c. Deposit funds into your WazirX wallet through bank transfer, UPI, or cryptocurrencies like BTC or ETH.
d. Navigate to the "Market" tab and search for "WRX".
e. Select the desired WRX trading pair (e.g., WRX/USDT) and place a buy order.
f. Once the order is filled, your WRX coins will be credited to your WazirX wallet.

2. Earn WRX Through Staking

a. Hold WRX coins in your WazirX wallet.
b. Navigate to the "Earn" tab and select "Staking".
c. Choose the desired staking pool and the amount of WRX you wish to stake.
d. Confirm the staking period and rewards distribution details.
e. Once the staking period expires, your rewarded WRX coins will be automatically added to your wallet.

3. Participate in WazirX Launchpool

a. WazirX Launchpool offers users the opportunity to acquire new and promising cryptocurrency tokens.
b. To participate, hold WRX coins in your WazirX wallet.
c. When a new token is launched on Launchpool, staking WRX coins will earn you an allocation of the new token.
d. The allocation of new tokens will be proportionate to the amount of WRX staked.

4. Farm WRX Through Yield Farming

a. Provide liquidity to WRX trading pairs on WazirX through the WazirX Yield Farming platform.
b. Deposit your WRX and another cryptocurrency (e.g., USDT) into the designated liquidity pool.
c. Earn WRX rewards based on your contribution to the pool and the trading volume of the pair.
d. The rewards are distributed daily or weekly, depending on the pool.

5. Participate in Airdrops and Giveaways

a. WazirX periodically conducts airdrops and giveaways where users can earn WRX coins.
b. To qualify, follow WazirX on social media or participate in community events.
c. Follow the instructions provided in the airdrop or giveaway announcement to receive your WRX coins.

6. Referral Program

a. Refer friends and family to WazirX using your unique referral link.
b. When they create an account and trade on WazirX, you will earn a commission in WRX coins.
c. The commission rate and bonus amount may vary depending on the referral program terms.