Wazirx is the most popular and leading cryptocurrency exchange in India. Wazirx was acquired by Binance in 2020. Binance is also the largest cryptocurrency exchange in the world. Binance has the highest number of users and highest average 24h trading volume compared to all other exchanges.
Wazirx supports 229 cryptocurrencies while Binance supports more than 360 cryptocurrencies. Binance being the largest exchange has the highest liquidity which means you can buy/sell crypto at the current market price easily without affecting the price. There is a significant spread between buy and sell orders on the Wazirx exchange. Binance exchange has a very low spread and great order depth.
Also: Check out our In-depth Review of the Wazirx Exchange
Wazirx has trading pairs in INR, USDT, BTC, and WRX. Binance has trading pairs in USDT, BUSD, BTC, ETH, BNB, and many other fiat currencies. High-volume traders mostly prefer Binance over Wazirx.
Binance exchange has many other features like Futures trading, Margin trading, Staking, Binance Earn, and Binance Launchpad. Binance also has cheaper crypto withdrawal fees compared to Wazirx. Binance also has 99.9% uptime and works during rush hours
In addition to those features, the Binance exchange also has lower trading fees compared to the Wazirx exchange. The trading fee on Wazirx is 0.2%. If you hold more than 200 WRX coins in your Wazirx funds wallet, your trading fees can be 0.15%. On the Binance exchange, the trading is only 0.1%. You can also get a 25% discount on your trading if you hold Binance coin(BNB) on your Binance account. So effectively, your trading fees can go as low as 0.075%.
So most people just buy some USDT or other crypto on Wazirx and transfer them to Binance.
Transfer coins from Wazirx to Binance
In order to transfer your coins from Wazirx to Binance, you just have to follow some simple steps. The process is somewhat different for web and mobile application. Follow these steps to transfer coins from Wazirx to Binance on wazirx website.
- Go to the 'Funds' tab
- On the top, you can see transfer funds to Binance at zero fee
- Select the cryptocurrency you want to transfer and enter the amount
- Click 'Transfer to Binance'
- Enter your 2FA code to authorize the transaction
- You have successfully transferred the funds from Wazirx to Binance
Not every cryptocurrency can be transferred from Wazirx to Binance. All major cryptocurrencies like BTC, ETH, BNB, USDT, etc are supported. You can also transfer Shiba Inu coin(SHIB) from Wazirx to Binance using this method.
Wazirx to Binance transfer limit for USDT is 20,000 USDT. The transfer limit is not the same for other cryptocurrencies. The transfer limit for Bitcoin is 3 BTC.
To transfer coins from Wazirx to Binance on wazirx app:
- Go to the 'Funds' tab
- Select the coin you want to transfer or use search to find the coin and select it
- Click on 'Withdraw'
- You can see two options, one is 'Binance' and the other is 'Other Wallet'. If you cannot see 'Binance', it means, that coin is not supported to transfer.
- Enter the amount you want to transfer and click 'Transfer to Binance'
- Enter the 2FA code to authorize. Done your funds will be transferred successfully
Happy Trading!
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