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How is buying and selling charge calculated on WazirX?


Pricey Tribe!

We’re elated to be part of your crypto journey. Please be assured that we at WazirX are right here for you in case you want any help. Additionally, in case you’ve gotten any considerations after studying our guides, you possibly can at all times attain out to us right here.

WazirX Guides

Buying and selling Charge Calculation

There are two sorts of trades on WazirX:

  • Spot Commerce: For charge distribution in accordance with coin, please go to:  https://wazirx.com/charges 
  • P2P: No charge relevant.

The efficient buying and selling charges you pay can be decided by the quantity of WRX held by you on WazirX. The extra WRX you maintain, the decrease your buying and selling charges can be. Based mostly in your WRX holding on the time of the commerce, your buying and selling charge price can be decided as follows:

WRX Holdings Buying and selling Charge Payable
0-10 WRX 0.20%
10-200 WRX 0.17%
200-1000 WRX 0.15%
>1000 WRX 0.10%

For instance, let’s say that you just’re holding 250 WRX on WazirX, and you purchase 100 USDT value of BTC within the USDT market. On this case, you’ll have to pay a buying and selling charge of 0.15% on this order, i.e., 0.15 USDT.

How you can allow/disable the ‘Pay buying and selling charge with WRX’ choice?

Step 1: Go to Account Settings

Cellular:

Internet:

Step 2: Click on on Charge Setting

Cellular:

Internet:

Step 3: Click on on the radio button to allow/disable ‘Pay buying and selling charge with WRX’

Incessantly Requested Questions

  1. After enabling the ‘Pay buying and selling charge with WRX’ characteristic, how will my buying and selling charges be calculated?

Suppose you traded within the BTC/USDT market, and the full charge calculated for this commerce was 2 USDT, and the present market worth of 1 WRX is 1 USDT. On this state of affairs, you can be paying 2 WRX as a buying and selling charge.

2. After enabling the “Pay buying and selling charge with WRX” characteristic, I’ve inadequate WRX in my account; what occurs?

On this case, you’ll pay charges in INR, USDT, or BTC, relying in the marketplace you’re buying and selling in.

3. I’ve WRX reserved for the buying and selling charge as per unlock schedule, do I nonetheless must allow this characteristic?

Sure, WRX, because the charge will solely be used in case you have enabled this selection.

When you have any additional questions, be at liberty to achieve out to us within the feedback beneath. We can be joyful to assist. 

Completely satisfied buying and selling!

Disclaimer: Cryptocurrency shouldn’t be a authorized tender and is at present unregulated. Kindly make sure that you undertake adequate danger evaluation when buying and selling cryptocurrencies as they’re typically topic to excessive worth volatility. The knowledge offered on this part does not signify any funding recommendation or WazirX’s official place. WazirX reserves the best in its sole discretion to amend or change this weblog submit at any time and for any causes with out prior discover.

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