When you think of buying crypto in India, WazirX, a popular peer-to-peer and fiat-to-crypto exchange based in India that supports INR deposits and a wide range of tokens. Also known as Binance India, it was acquired by Binance in 2019 and became one of the first exchanges to adapt to India’s strict financial reporting rules. Unlike global platforms that got blocked by Indian regulators, WazirX stayed open by registering with FIU-IND and enforcing KYC—making it one of the few legal options for Indian traders.
But legality doesn’t mean safety. WazirX fees, a mix of trading, withdrawal, and deposit charges that vary by payment method and token are higher than many global DEXs, and users have reported delays in withdrawals during market spikes. The platform supports over 200 coins, including Bitcoin, Ethereum, and lesser-known tokens like RGAME and JMPT—but that doesn’t mean they’re all trustworthy. Many of the tokens listed here are low-volume, high-risk projects with no real use case, and WazirX doesn’t vet them beyond basic compliance. Indian crypto platform, a term that refers to exchanges operating under India’s FIU-IND framework, requiring strict user verification and transaction monitoring like WazirX are forced to walk a tightrope: stay compliant or get shut down. That pressure often leads to compromises in user experience.
If you’re in India and want to buy crypto legally, WazirX is still one of the most accessible options. But don’t assume it’s the safest. Compare its WazirX security, a combination of two-factor authentication, cold storage, and regulatory compliance, but with no public third-party audit reports to platforms like CoinDCX or ZebPay. Check if your favorite coins are actually liquid, not just listed. And never keep large amounts on any exchange—especially one that’s been flagged for withdrawal holds.
Below, you’ll find real user experiences, regulatory updates, and comparisons that show exactly how WazirX stacks up against other exchanges in India—and what you should do if you’re already using it.
India hasn't banned crypto, but it has shut down unregistered exchanges. Learn which platforms are blocked, why they were banned, and which ones you can safely use now.
