Compare Binance vs WazirX
Binance and WazirX are two popular cryptocurrency exchanges that offer a range of trading services. In this article, we will compare Binance and WazirX in terms of trading fees, security, user interface, customer support, and available cryptocurrencies.
Trading Fees
Binance has a tiered trading fee structure based on the user's trading volume in the last 30 days. The fees start at 0.1% for makers and 0.1% for takers and can be reduced to as low as 0.02% for high-volume traders.
WazirX also has a tiered trading fee structure based on the user's trading volume in the last 30 days. The fees start at 0.2% for both makers and takers and can be reduced to as low as 0.04% for high-volume traders.
Overall, Binance has lower trading fees than WazirX, making it a more cost-effective option for traders.
Security
Security is a crucial consideration for any cryptocurrency exchange. Binance has implemented a number of security measures to protect its users' assets, including two-factor authentication (2FA), cold storage for the majority of its users' funds, and regular security audits.
WazirX also has a number of security features in place, including 2FA, email notifications for account activity, and a secure wallet system. However, the exchange has faced security breaches in the past, leading to losses for some of its users.
Overall, both exchanges have strong security measures in place, but Binance has a better track record in terms of security.
User Interface
Both Binance and WazirX have user-friendly interfaces that are easy to navigate. Binance's interface is modern and sleek, with advanced charting tools and real-time market data. The platform also offers a mobile app for trading on the go.
WazirX's interface is similarly user-friendly, with simple charts and an easy-to-use trading platform. The platform also offers a mobile app for trading on the go.
Overall, both exchanges have intuitive interfaces, but Binance has more advanced charting tools and a mobile app that is more widely used.
Customer Support
Customer support is an important consideration when choosing a cryptocurrency exchange. Binance offers customer support through a ticketing system, live chat, and phone support during business hours. Additionally, the exchange has a comprehensive help center with articles and tutorials to help users troubleshoot common issues.
WazirX also offers customer support through a ticketing system and email. However, some users have reported slow response times and poor customer support from the exchange.
Overall, both exchanges offer similar customer support options, but Binance's help center and live chat support are more robust.
Available Cryptocurrencies
Binance supports a wide range of cryptocurrencies, including popular coins like Bitcoin, Ethereum, and Litecoin, as well as many lesser-known altcoins. Additionally, the exchange regularly adds new coins to its platform through its listing process.
WazirX also supports a range of cryptocurrencies, including Bitcoin, Ethereum, and Ripple. The exchange also has its own native token, WRX, which can be used to pay trading fees on the platform.
Overall, Binance offers a wider selection of cryptocurrencies than WazirX, making it a better option for traders looking to invest in a range of assets.
Conclusion
In summary, Binance and WazirX are two popular cryptocurrency exchanges that offer similar trading services. Binance has lower trading fees, more advanced charting tools, and better customer support than WazirX. Additionally, Binance supports a wider range of cryptocurrencies than WazirX. However, both exchanges have strong security measures in place to protect users' assets. Ultimately, the choice between
| Company | ||
|---|---|---|
| User rating | 43 user reviews | 3 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 43 user reviews | 3 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
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WazirX is an Indian-based centralized cryptocurrency exchange providing crypto-to-crypto pairs (BTC, USDT), as well as fiat trading opportunities (INR, the Indian Rupee). Among the developments of the company, there is a WazirX P2P engine for fast fiat-to-crypto conversion. The WazirX trading platform is compatible with Android, iOS, Mobile Web, Windows, macOS. The referral program works within the platform. U.S. customers are not allowed. KYC checks are applied to customers. Customer service is available through email and Telegram channels.
|
Founding Date
| 2017 | 2018 |
Country
| China | India |
Type
| Centralized | Centralized |
Languages
| English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian | English |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) | The exchange does not disclose its location |
Fees
|
Trading fees: Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%) VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600% VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600% VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600% VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600% VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540% VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480% VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420% VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360% VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300% VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240% Full fee schedule: https://www.binance.com/en/fee/schedule |
WazirX's fees are 0.20% for both takers and makers. |
| About |
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
|
WazirX is an Indian-based centralized cryptocurrency exchange providing crypto-to-crypto pairs (BTC, USDT), as well as fiat trading opportunities (INR, the Indian Rupee). Among the developments of the company, there is a WazirX P2P engine for fast fiat-to-crypto conversion. The WazirX trading platform is compatible with Android, iOS, Mobile Web, Windows, macOS. The referral program works within the platform. U.S. customers are not allowed. KYC checks are applied to customers. Customer service is available through email and Telegram channels.
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|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2018 |
| Country | Country China | Country India |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) | Full address The exchange does not disclose its location |
| Fees |
Fees
Trading fees: Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%) VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600% VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600% VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600% VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600% VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540% VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480% VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420% VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360% VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300% VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240% Full fee schedule: https://www.binance.com/en/fee/schedule |
Fees WazirX's fees are 0.20% for both takers and makers. |
Trading
Binance trading volume is 1,023,663,221.0. The exchange has 603 available trading pairs. Fiat trading is available on the exchange. Margin trading is available.
WazirX trading volume is 430,019.0. The exchange has 130 available trading pairs. Fiat trading is available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 1023663221 | 430019 |
Pairs
| 603 | 130 |
Coins
| 173 | 73 |
Fiat trading
Deposit
| Free | Free |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 1023663221 | Volume 430019 |
|---|---|---|
| Pairs | Pairs 603 | Pairs 130 |
| Coins | Coins 173 | Coins 73 |
| Fiat trading | Fiat trading | Fiat trading |
| Deposit | Deposit Free | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin | Margin - |
Safety
Two factor authentication
Verified
| Verified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Unverified |
Social
Website
| www.binance.com | wazirx.com |
| @binance | @WazirXIndia |
Number of followers
| 1039263 | 8791 |
| Website | Website www.binance.com | Website wazirx.com |
|---|---|---|
| Twitter @binance | Twitter @WazirXIndia | |
| Number of followers | Number of followers 1039263 | Number of followers 8791 |
Rating
| User rating | 43 user reviews | 3 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Binance user rating is 2.9, based on 43 user reviews. WazirX user rating is 4, based on 3 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare Binance with WazirX. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Binance was founded in 2017 in China. WazirX was founded in 2018 in India.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Binance. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Binance is Centralized and WazirX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Binance has a mobile app available for iOS and Android. WazirX has a mobile app available for iOS and Android.
Binance has 19 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian. WazirX has 1 language available, which is English.