How trusted is WazirX?

When it comes to the question of "How trusted is WazirX?", there are several factors to consider. Firstly, WazirX is a popular cryptocurrency exchange in India, and its reputation within the industry can be a good indicator of its trustworthiness. However, it's important to look beyond just popularity and consider the security measures in place to protect users' funds and personal information. One key aspect to consider is the exchange's regulatory status. WazirX is reportedly registered with the Securities and Exchange Board of India (SEBI) and has also partnered with Binance, which is a well-known and reputable exchange. This partnership can provide additional reassurance to users in terms of the exchange's credibility and security. In addition, WazirX has implemented various security measures such as two-factor authentication, cold storage for most digital assets, and a robust KYC (Know Your Customer) process to prevent fraudulent activities. These measures can help to ensure that users' funds and information are protected. Overall, while there are always risks associated with cryptocurrency exchanges, WazirX appears to have taken steps to establish itself as a trusted and secure platform for users in India. However, it's always important to do your own research and consider all factors before entrusting your funds to any exchange.