How to add and withdraw funds from the WazirX app

If you’re starting with WazirX, a leading cryptocurrency exchange, and looking for a straightforward guide on funding and withdrawals, this guide is perfect for you. Additionally, we simplify the entire process into clear, easy steps to ensure you confidently manage your funds. Furthermore, it is ideal for beginners or those needing a quick overview. Moreover, it covers everything from setting up your payment method to smoothly executing transactions. Lastly, dive into WazirX with us and enjoy a seamless crypto trading experience!

What is WazirX and how does it work?

WazirX, an India-based cryptocurrency exchange platform, allows for the buying, selling, and trading of various cryptocurrencies like Bitcoin, Ethereum, and Ripple. It’s designed with user-friendliness in mind, catering to both novice and seasoned traders. The platform features an intuitive interface, sophisticated trading tools, and strong security protocols. Additionally, WazirX simplifies the process of depositing and withdrawing funds, supporting a variety of payment methods to accommodate users’ diverse needs.

How to Deposit Funds in WazirX

1. Go to WazirX and log in to your account

2. First, go to the “funds” section. Then, click on “deposits” and select any three of the methods for depositing money.

WazirX offers three deposit methods tailored to user convenience:

1. Instant Bank Transfer (IMPS/NEFT/RTGS): Traditional bank transfer options are available, allowing deposits through methods like IMPS, NEFT, and RTGS. This method usually has a standard processing time depending on the bank’s schedule. A transaction incurs a fee of ₹10. Moreover, the limit for each transaction is between Rs. 100 and Rs. 50 lakhs, with no daily limit on the number of transactions. Furthermore, the processing time can take up to 3 hours, depending on the bank’s settlement cycle.
   
2. Standard Deposits via UPI: UPI (Unified Payments Interface) on WazirX offers instant deposits, ideal for users seeking quick transactions. This popular method is known for its convenience and fast processing times. Furthermore, transactions can range from ₹1,000 to ₹10 lakhs per transaction. Various modes like NEFT, RTGS, or IMPS are available for making deposits. Moreover, the processing time for these deposits is typically up to 6 hours, operational from 9 AM to 9 PM on bank working days.
   Note: This method is Temporarily unavailable
   
3. WazirX’s P2P: On WazirX, you can purchase USDT directly from others using INR. This process involves various payment methods such as UPI, IMPS, NEFT, or RTGS. WazirX ensures the transaction is smooth, secure, and reliable. This peer-to-peer method provides a direct and efficient way to trade USDT, a popular cryptocurrency, using familiar and accessible payment options.

Additionally, each of these methods has its specific limits, processing times, and potential fees, which are subject to change. Furthermore, for the most current information and detailed guidelines on each deposit method, please visit the WazirX website.

How to withdraw funds from WazirX

1. Go to WazirX and log in to your account

2. Now go to funds click on deposits and click any two of the methods for withdrawing funds

WazirX offers two withdrawal methods tailored to user convenience:

1. IMPS Instant Withdrawal: WazirX’s IMPS Instant Withdrawal feature provides users with a quick and efficient way to withdraw funds. Moreover, users can withdraw a minimum of ₹500 and up to ₹1 lakh per transaction. Furthermore, the daily withdrawal limit is ₹5 lakhs. Each withdrawal transaction comes with a fee of ₹25, inclusive of all taxes. This feature is designed for ease of use and quick access to funds.
   
2. NEFT Withdrawal: WazirX sets specific limits and conditions for NEFT withdrawals. Transactions have a minimum of ₹500 and a maximum of ₹1 lakh, with a daily cap of ₹5 lakhs. The processing time generally takes up to 2 hours during banking hours on weekdays. Transactions are not processed on weekends and banking holidays. Additionally, each transaction carries a ₹15 fee, which includes all applicable taxes.

Frequently Asked Questions (FAQs)

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