WazirX review

WazirX is India's largest regulated cryptocurrency exchange, operating under Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) frameworks. The platform serves as the primary on-ramp and off-ramp for Indian traders, offering spot trading in over 350 cryptocurrency pairs priced in Indian rupees. In mid-2026, WazirX introduced WazirX ZERO, a subscription-based pricing model that provides unlimited zero-fee trading to subscribers, representing a strategic pivot to retain users and compete with global fee structures. The exchange charges 0.01% maker and taker fees for standard users, with variable withdrawal fees depending on the asset. WazirX's regulatory standing is its principal distinguishing feature; it operates transparently within India's evolving cryptocurrency legal framework and has implemented comprehensive KYC (Know Your Customer) requirements. The platform suffered a notable security breach in July 2021 when approximately $8 million in cryptocurrency was stolen, though no major custody breaches have been reported in the intervening years or during 2026. The exchange maintains cold storage for the majority of user assets and has published regular security audits. The platform supports INR deposits and withdrawals through multiple Indian payment channels, including bank transfers and Unified Payments Interface (UPI), which facilitates rapid onboarding for domestic users. Its asset coverage spans major cryptocurrencies such as Bitcoin, Ethereum, and Solana, alongside lower-cap altcoins popular in India. WazirX's user interface is optimised for Indian users, with Hindi-language support and localised customer service. WazirX's primary limitation is its geographic restriction to India. Indian expatriates and international users cannot access the platform, and cross-border trading functionality is absent. The exchange's asset selection, whilst adequate for mainstream trading, lags behind global competitors such as Binance or Kraken. Additionally, WazirX does not offer advanced derivatives products (leveraged trading, futures), limiting its appeal to professional traders. The 2021 security breach, whilst resolved, remains a consideration for users prioritising maximum security assurances.

WazirX is lightly regulated or non-custodial. WazirX suffered a security breach in July 2021 resulting in approximately $8 million in cryptocurrency theft; no major incidents reported since 2026 launch of ZERO model. As with any platform, use strong security and only hold what you need on it.

Yes — identity verification (KYC) is required for most features.

WazirX fees: maker 0.01%, taker 0.01%; withdrawals: Variable by asset. Always confirm current fees on the official site, as crypto fees change often.

Yes. Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.

Indian cryptocurrency traders seeking a locally compliant, low-cost exchange with direct INR on/off-ramp capabilities..

Avoid WazirX if: You require access to advanced derivatives trading, require international operations, or have concerns about the platform's previous security incident..

Pros: Officially compliant with Indian regulatory framework and RBI guidelines, making it the primary option for Indian traders; Low trading fees (0.01% maker and taker) with innovative WazirX ZERO subscription model offering unlimited zero-fee trading; Seamless integration with Indian payment systems including INR deposits and withdrawals via bank transfer and UPI. Cons: Limited to India, with no international expansion, restricting access for diaspora users and cross-border traders; Security history includes a significant 2021 breach, which may concern risk-averse users despite subsequent improvements; Smaller asset selection (350 cryptocurrencies) compared to global exchanges like Binance or Kraken, limiting diversification options.

No / limited. See the official site for current licensing.

This review was last verified on 2026-07-19 against the official site.