Is WazirX backed by Binance?
WazirX, an Indian cryptocurrency exchange, has been claiming to be backed by Binance, a leading global cryptocurrency exchange. However, the exact relationship between the two exchanges has been a subject of debate and controversy. WazirX's CEO stated that Binance operates the crypto pairs on WazirX and handles crypto withdrawals, while Binance's CEO clarified that Binance does not own any equity in WazirX. Despite the confusion, WazirX continues to operate independently in India, offering a platform for users to buy and sell cryptocurrencies using Indian rupees.
How to trade using WazirX?
I want to know how to trade using WazirX. Could you please provide me with a step-by-step guide or any relevant information on trading with WazirX?
Why is my crypto withdrawal blocked in WazirX?
I tried to withdraw my cryptocurrencies from WazirX, but the transaction is blocked. I don't understand why it's happening. Is there any specific reason behind this block? I need to know the cause of this issue.
Is WazirX banned in India?
WazirX, an Indian cryptocurrency exchange, has faced several challenges in recent years. There were reports of a hack in July 2024, resulting in a loss of over $235 million. Additionally, WazirX has been involved in a legal dispute with Binance, a leading global cryptocurrency exchange, over ownership and control. Furthermore, the exchange has faced regulatory issues in India, including allegations of money laundering and a freeze on its bank assets by the Enforcement Directorate (ED). These incidents have raised questions about the status and future of WazirX in India.
Why is WazirX not working?
I'm trying to access WazirX, but it's not working. The website is not loading and I'm unable to log in to my account. I've checked my internet connection and it's fine. What could be the reason for WazirX not working?