HomeBitcoinHow is buying and selling payment calculated on WazirX?

How is buying and selling payment calculated on WazirX?


Expensive Tribe!

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

WazirX Guides

Buying and selling Payment Calculation

There are two sorts of trades on WazirX:

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

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

WRX Holdings Buying and selling Payment 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 price of BTC within the USDT market. On this case, you’ll have to pay a buying and selling payment of 0.15% on this order, i.e., 0.15 USDT.

Tips on how to allow/disable the ‘Pay buying and selling payment with WRX’ possibility?

Step 1: Go to Account Settings

Cell:

Internet:

Step 2: Click on on Payment Setting

Cell:

Internet:

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

Regularly Requested Questions

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

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

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

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

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

Sure, WRX, because the payment will solely be used when you have enabled this feature.

When you’ve got any additional questions, be at liberty to succeed in out to us within the feedback beneath. We might be pleased to assist. 

Joyful buying and selling!

Disclaimer: Cryptocurrency shouldn’t be a authorized tender and is presently unregulated. Kindly be certain that you undertake ample threat evaluation when buying and selling cryptocurrencies as they’re usually topic to excessive worth volatility. The knowledge offered on this part would not symbolize any funding recommendation or WazirX’s official place. WazirX reserves the fitting 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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