The most important decision to make when considering starting to trade cryptocurrencies is choosing the right exchange. It is essential that the exchange you choose provides security for your investment and has a simple and straightforward process. WazirX, for example, is an online cryptocurrency exchange that focuses on protecting investors’ interests and improving their online transaction experience. Whether you are a seasoned trader or a beginner, the WazirX exchange offers a smooth interface.
Creating an account on the exchange and the processes after that can also be daunting. But some exchanges make this easy. For example, to create your account on WazirX, all you have to do is visit its website and go through the know-your-customer (KYC) process. Once your account is up and running, you can add funds and start investing in different cryptocurrencies.
The first thing you need to do is link your preferred payment method to your WazirX account. To do this, simply go to the “Account Settings” tab on the website or mobile app and click on “Payment Options”.
You will be redirected to a page where you will need to fill in your bank details (if you want to make a bank transfer) or enter your details (if you want to make the deposit via MobiKwik).
Once you have entered all the required information, click submit. WazirX will take a few moments to verify the details you provided before adding the payment method to your account.
Likewise, if you want to make the deposit using MobiKwik, you can link your MobiKwik account to your WazirX account and have it verified. Verification will help WazirX ensure that users enjoy seamless online transactions.
A nominal fee may be charged for making deposits into the account. This is because the crypto exchange uses payment processors to help you transfer money to the account in an instant.
Now that you’ve added a payment method, you can use it to transfer money to your WazirX account. To do this, you need to find the “funds” tab on the WazirX website or mobile application. Then select ‘INR’ as the currency, enter the amount you want to add and press the submit button. You will then be prompted to select your preferred payment option.
If you prefer to make a bank transfer, click on Instant Deposit (Net Banking). Alternatively, if you want to make the deposit using your MobiKwik account, click Instant Deposit (Wallet Transfer).
If you choose to opt for online banking, you will be redirected to your bank’s online banking website where you will need to log in and complete the transaction. On the other hand, if you continue with your MobiKwik wallet, a payment request will be sent to the digital wallet of your choice. You can then accept the request and proceed with the transaction. Remember to have enough funds in your digital wallet to make the payment.
Wait for your funds to appear in your WazirX account. Most trades on the WazirX platform are completed within an hour. However, it can sometimes take up to 24 hours for the funds to appear in your trading account.
Points to keep in mind:
WazirX currently has over 10 million users, making it a top name in India’s crypto market. You can visit the WazirX website or download its mobile app to learn more about cryptocurrencies and trading them.
(Edited by : Priyanka Deshpande)
First post: STI