IMAGE: WAZIRX TWITTER
WazirX is one of India's premier crypto exchanges with over 2 million users. The crypto industry has boomed in India over the past years since the Supreme Court reversed the RBI's ban on cryptocurrencies. However, recently many crypto exchanges have been facing problems with payment services from banks, as banks have refused to offer services to companies dealing with cryptocurrencies. Recently, WazirX has opted to use Mobikwik as their payment provider and users can deposit money through Mobikwik. However, all these issues have created doubt among users about the security of their funds, but WazirX has reported that withdrawals have been unaffected. Read on to know how to withdraw money in WazirX.
WazirX is one of the safest crypto exchanges in India, and have the highest number of users, as compared to other crypto exchanges. The WazirX withdrawal process is quite easy. However, users should note that they need to have their bank account registered along with the KYC process completed before they can withdraw funds from the WazirX exchange. Here is the step by step process to withdraw money from WazirX.
However, users should note that there are WazirX withdrawal charges that users should be aware of. There are two withdrawal option, NEFT which has a 5 rupee and withdrawal can take longer. On the other hand, the instant withdrawal option has a 10 rupee fee, but the funds are deposited instantly. Many people often face the 'WazirX withdrawal rejected' issue, which can be caused by users supplying incorrect bank details to WazirX or WazirX bank servers being down. However, WazirX ensures that users funds are safe and you can contact their support team in the app to clarify any query.