How to buy WazirX (WRX) in the UK

Where to buy WazirX in the UK

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best WazirX wallets to store your WRX

You can keep your WRX on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your WRX below.

Recent WazirX developments

February 2022: WazirX has added a new product to their exchange, allowing businesses to build their own exchange using WazirX's APIs and architecture.
February 2022: India clarified their regulations for cryptocurrency trading, with the nation now taxing gains on digital assets by 30%. This was viewed as a positive for the WazirX exchange, as the official announcement will "help legitimise the sector".

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is WazirX a good investment?

Investing in altcoins, especially new coins such as WazirX, can be risky. It’s important to understand its investment potential and use cases before investing in WRX. Main things to consider are:

• Discount on the trading fee onlined on its blog. One of the use cases of the WRX token is it allows users of the WazirX to access a discount on their trading fees. Over 4 years the trading fee discount is set to be reduced from 50% in year 1 to 6.25% in year 4.
• Other user cases. WRX holders can use the tokens to pay for listing fees on the WazirX exchange or pay for fees on margin trades.Governance. As a WRX holder you will be able to suggest what features should be added to the WazirX exchange and get the right to vote in coin listings.
• Mining. Users can mine, unlock and earn WRX tokens by performing peer-to-peer trades.
• Supply. The supply of WRX is capped at 1 billion. The tokenomics of WRX is designed so that WRX tokens are based on the trading volume of WazirX’s crypto-to-crypto platform. Over time 10% or 100 million of WRX tokens will be destroyed or “burned” to raise the token value of WRX over the longer term.

Today's WazirX price versus ATH

Compare today's price of WazirX ($0.113858 USD) against its all-time-high price of $5.88 USD on 05 April 2021. The closer the bar is to 100%, the closer WRX is to reaching its ATH again.

How to trade, convert or sell WazirX

You can convert or sell your WRX with the same exchange you bought it through:

1. Sign in to the exchange you have WRX on.
2. If you store your WazirX in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of WRX you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of WazirX.
6. Complete your transaction and move your WRX to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.