Why prices are high on WazirX?

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Why prices are high on WazirX?

Its prices were on the up because the community was adding use cases for Shiba, like decentralised exchange Shibaswap, Shetty said. On Thursday, the coin briefly was in the top 10 most valuable cryptos in the world by market capitalisation.

How safe is WazirX wallet?

WazirX stores 95\% of the funds in offline, keeping it safe from any hacking activities. It is considered to be one of the easy-to-use platforms with many competitors in India and worldwide.

What is WazirX P2P transfer?

WazirX P2P helps you convert your money to crypto instantly where WazirX acts as an escrow for safekeeping of the transaction. Step 1Place an OrderYou’ll be auto-matched with a seller instantly. Step 2Pay directly to sellerThe seller will confirm your payment.

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What is Usdt P2P?

WazirX P2P, allows you to buy and sell USDT directly with other buyers and sellers, with the WazirX platform just as a medium to match you with the right buyer or seller at the time. That’s what the P2P bit means—people to people. Think of it as a Tinder, but for cryptocurrency exchanges.

Can we convert Bitcoin to INR in WazirX?

Transfer your Bitcoins to the exchange that supports buying and selling in INR. In this case, we use WazirX, for demonstration purposes. Step 1: Open the WazirX app, and tap on the ‘Funds’ option. Step 2: Click on the INR option and you will be able to see your account transactions, deposits, and withdrawals.

Is my INR funds safe with wazirx?

Don’t worry, your INR funds are 100\% safe with us! WazirX P2P coming soon! Our banking partner has abruptly stopped supporting our bank account. This is due to the recent RBI circular banning banks from providing support to cryptocurrency exchanges.

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What is the price of wazirx (WRX)?

The live WazirX price today is $1.76 USD with a 24-hour trading volume of $750,029,293 USD. WazirX is up 58.17\% in the last 24 hours. The current CoinMarketCap ranking is #147, with a live market cap of $418,117,093 USD. It has a circulating supply of 237,516,596 WRX coins and the max. supply is not available.

How do people buy USDT on wazirx?

So people used to buy USDT on WazirX via P2P (which is legal). In P2P, INR would go directly to the seller and the buyer would receive USDT without the exchange acting as a medium in between. Later on people used to convert those USDT into BTC and other cryptos.

When will people start trading in INR?

By the time people will start trading in INR when those exchanges fulfilled with a trade order book and demand. USDT and TUSD are cryptocurrencies. INR in WazirX wallet is not. Therefore, it is possible to withdraw USDT or TUSDT in a WazirX wallet into any other exchange or private wallets.

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