WazirX Cryptocurrency Exchange – One of the largest crypto exchanges in India
WazirX was established in Mumbai, India, in 2017. After a few years, however, it was acquired by Binance Holdings, the world’s largest cryptocurrency exchange by trading volume.
WazirX makes it simple and quick to withdraw and deposit INR-based funds. Another notable aspect of WazirX is its user-friendly design, which allows even non-techies to use the marketplace and buy and sell cryptos via a Live Open Order Book mechanism. It also includes graphing tools to aid in the analysis of pricing, trends, and historical data.
The integrated P2P transaction engine with the Fiat Gateway platform of WazirX exchange sets it unique from others.
WazirX’s integrated P2P transaction engine with Binance’s Fiat Gateway technology, which is available on both Android and iOS. Smart phones, sets it different from other exchanges. Plus, there’s more. WazirX allows you to purchase and trade up to 70 different cryptocurrencies. Withdrawal costs range from Rs 5 to Rs 10 depending on how the money is withdrawn.
Zebpay One of the oldest and trusted cryptocurrency exchange in India
Zebpay, which was created in 2015, is one of the oldest crypto exchange platforms in Singapore. Ahmedabad is the headquarters for the company’s Indian operations. However, due to India’s cryptocurrency restriction, it had to close its Indian activities. Despite this, it returned to the market in 2020 following the Supreme Court’s hearing on the RBI’s crypto ban.
So far, 3 million people have enrolled on the Zebpay cryptocurrency exchange, making it the most trustworthy. The platform’s cutting-edge security features and inexpensive transaction costs make it worthwhile. Users may purchase and sell cryptocurrencies with free trading costs on the Zebpay platform, which is available in 130 countries. Zebpay now accepts fifty different cryptocurrencies.
WazirX Fees: Maker and Taker Fee Structure of Cryptocurrency trading exchanges
There are two types of fees charged on any platform: a taker fee and a creator cost. WazirX allows traders to trade on the spot market, the STF market, and the peer-to-peer market. As a result, the fees will vary correspondingly. When it comes to WazirX, the maker and taker fees for the spot market are 0.2 percent. The fees for P2P market trading are matched against the USD and eight additional currencies: the Euro (EUR), the Indonesian Rupee (IDR), the Indian Rupee (INR), the Nigerian Naira (NGN), the Russian Rouble (RUB), the Suadi Riyal (SAR), the Turkish Lira (TRY), and the Ukrainian Hryvnia (UAH) (UAH).
However there is an option to reduce the fee by using WRX Token (WazirX Token) if you select to pay maker and taker fee via WRX Token they charge 50% i.e. 0.1 percent only. So paying via WRX Token is a better deal as compare to normal INR or any other currency which makes WazirX fee lowest in the market.
WazirX, on the other hand, exclusively allows USDT/INR P2P transactions. Fees for P2P transactions are 0%, and there are no minimum purchase or sell orders. You can only make one buy bid at a time. The maximum buy bid you can place is 2000 USDT with a minimum value of 14.5 USDT.
Zebpay Fee : Maker and Taker Fee on cryptocurrency trading exchange
The trading fee is charged immediately after your purchase on the Zebpay exchange. If you have to wait for your purchase to be matched, you will be charged the maker cost as well. On Zebpay, the taker cost is 0.25 percent and the maker fee is 0.15 percent. If your buy is closer to market values, however, keep in mind that the taker charge is substantial. Zebpay charges 0.1 percent intraday fees.
Unlike WazirX, Zebpay charges a membership fee of 0.0001 BTC or the INR equivalent of current BTC pricing. Furthermore, the Zebpay cryptocurrency exchange has a 0% FIAT deposit and withdrawal charge.
The conflict between WazirX and Zebpay is intensifying by the day. With the use of these details, choose one that suits you the best.
Zebpay vs WazirX Comparison
| Particular | WazirX | ZebPay |
| Started Operations | 2018 | 2014 |
| Segment | Spot Exchange, P2P and STF | Spot Exchange |
| Cryptocurrency Supported | 80 + Trading Pairs | 50 + Trading Pairs |
| Deposit & Withdrawal In INR | Yes | Yes |
| Deposit Via Credit Cards | No | No |
| Own Coin/Token | WazirX Token (WRX) | No |
| Wallet | WazirX Wallet | Zebpay Pooled Wallet |
| Account Opening Fee | NIL | NIL |
| Maker Fee | 0.2% | 0.15% |
| Taker Fee | 0.2% | 0.25% |
| Intraday Fee | N.A. | 0.10% |
| P2P Fee | 0% (No Fee Charged) | N.A. |
| BTC Withdrawal Fee | 0.0005 BTC | 0.00049 BTC |
| INR Withdrawal Fee | 0.00 | INR 10 |
| Platform | Web & Mobile Application | Web & Mobile Application |
WazirX vs Zebpay Charges Comparison
WazirX, unlike Zebpay, allows users to trade in exchange, peer-to-peer, and STF markets. Zebpay offers spot and intraday cryptocurrency trading.
The following are the details of the various fees received by both crypto exchanges:
