Bitcoin Forum

There are lots of similarities between binancecoin and wazirxcoin.

For the people who are not aware of acquisition of waxirx by binance, please read it here: https://www.binance.com/en/blog/404105749895733248

Binancecoin gained significant value even before it was turned to be a dapps platform. It means BNB was successful when it was being used ONLY to pay fees on binance exchanges for availing 50% discounts. (Now BNB is being used for at least for 2 applications).

Similarly WRX is just another token on BNB platform but traders can enjoy 50% discount on wazirx exchange if they pay their trading fees in WRX. It makes me think about WRX to be successful in terms of gaining significant value as traders might keep buying it to avail 50% discount.

Binance is an international exchange whereas wazirx is an India exchange but it is being known for its popular P2P operations when India's federal bank banned exchanges for crypto operations. Some studies shows Wazirx is most preferred platform in India for P2P trading compared to localbitcoins which must be the pioneer and leader in P2P trading world wide. It makes me to think about WRX may copy the success of what BNB did as being a preferred payment method in Binance exchange.

Right now,
BNB is trading around $17.05 (0.0017 BTC)
WRX is trading around $0.14  (0.000014 BTC)

I believe WRX could be the next boat for the people who had missed out the BNB on its early days, what are your thoughts?

If you compared the price, you can see a huge difference but that is expected as binance bnb coin already gained their position and reputation on the international sector. Every traders out there loves Binance and thats a fact and we all agree that they are the top exchange for everyone. If someone says a project might list to binance, see the excitement of people who owns that project.

While wazirx is a new project and focuses on expanding their market to India, this will served also as stepping stone for them to reach even Binance accomolishment. Also being backed up by one of the best exchange is a privilege to them. So I can see a birght future for wazirX project.

Maybe yes or may be no. I just try to take the fundamental of binance is much better than WRX consider about BNB was focusing to be a global coin that used in binance ecosystem while WRX can be used only on its exchange site. That means binance has more features than WRX.

WRX could be a potential coin but it will not so potential as BNB

WRX is a very tempting project for sure, I belief it can live up to BNB standard but my advice is to only invest what you can afford to lose just in case if things don't go and planned, this is crypto space where nothing is certain

   Thanks for heads up! Nice post, and I will do a research about WRX! Binance is making good moves, and most
of them are very profitable. As OP said, this can be a good moment for buying some WRX while price is cheap and
it's almost their beginning. I like when I have opportunity to be with my investment from the start of the project!
   I am not with BNB from the start, first time I bought when it was around 5$. I think BNB will have higher price
one day! WRX under Binance management can do a lot too, so I will do some research on my own and if I like it
I will invest some money!

WRX is also like BNB, they are good exchanges in this market. And as I know WRX is growing in India market, so it will have huge development potential. Should bet a little money on WRX and wait for future profits

I don't think it is, BNB already gained the trust of the people and the time BNB was just starting its journey, there are other exchanges which are very popular but BNB is slowly taking over, so you are saying that WRX will take over BNB? that seems unlikely to happen for me.

So far, I have some BNB that I buy at a low price, and I still hold some for another bull run. I am trying to learn about WRX for a while because I think the coin can have another chance to increase in the future. But it still hard to say that WRX can compete with BNB because BNB already has big support from traders and investors. Besides that, BNB has a big potential to increase in the next bull run so maybe BNB will improve first, and WRX still need more time to grow.

You are right, BInance exchange is being used by the entire world, but whereas WRX is from India only, but the coin is trading in Binance exchange too. There is a lot of difference from both these coins and it doesn't mean WRX will not increase. Yes, we can invest the amount what you can afford to lose.

Im still go to the binance because I really like the projects of this coin and that is popular because of the binance crypto exchange.
Binance will not only will go hundreds value it is thousands value for me so compared to the WRX the bnb is more potential and good to buy Im not saying you buy it because Im suggesting my own thinking that base on my research.

Wazirx is a new project, and Binance is an old project, and Binance is on an outstanding performance, we know Binance is a big project, and WazirX is still building. of course I would choose Binance  ;)

<monero https://youtu.be/3VUzdQhRRRs (https://youtu.be/3VUzdQhRRRs)

It's tempting for real despite its newly launched, there's already a lot of volume that attracts investors and traders.
But, my strategy today is not go with this kind of projects. I'd rather stick to Binance and other common altcoins.

maybe they are working for advertisement and other kind of promotion  that's why they increase the daily volume.

Even the project has the same method way of other project  like thmhe success of binance doesn't  mean they will also be successful.

When compared in terms of price it is certainly very different because BNB has increased sharply every year meaning that Binance is able to provide updates even on other projects as well.
But for Wazirx they are famous after collaborating with binance so that many investors believe in this project and now Wazirx is still expanding for more development like BNB but I am sure Wazirx is able to make changes in the future because their procession is good enough now but not for the compare with Binance it will feel very far.

Time would tell if they would able to reach out that point and all would vary if they would do sort some of things like on what Binance did when they are just starting.
I havent checked out Wazirx somehow but this one made up some noise recently.I cant tell in talks of potential but lets see on how they would perform.
For those investors out there then it isnt bad to consider to add up this project into their port.Just like on what i have did back in the past
when binance was just starting up or a small one until one day they become bigger.

Binance is undisputed, it is the leading exchange and a very good investment project. We are looking at the potential of the Wazirx project, is it the second Binance?

No more competition by wazirx consider about this news https://support.wazirx.com/hc/en-us/articles/360039273693-WazirX-Gets-Successfully-Acquired-By-Binance

That means both binance and wazir in the same ecosystem. it's very strange to make a comparison between two tokens that running on the same companies.

Have you invested on Binance at the time they were just starting? What price did you happened to buy bnb tokens? Im afraid something like this would also happened to wazirX but the only problem is the exchange is suited for indians unlike Binance that launched globally. Im also thinking to get some cause we will never know right? No one foreseen how Binance end up like a giant now, so probably many people also regret not buying it while its very cheap before.

But there's always a chance once dip comes again.

I don't really find Warizx attractive. Although people in India are very crowded, the majority of people participating in the crypto market are always trading through Binance or other big exchanges, it is not prohibited at many exchanges.
so exchange in India has no effect on our markets much. I think CZ will take advantage of the law in India to create a cash and crypto exchange. The volume there will definitely be huge and they'll make a lot of money too. In addition, to develop larger projects, they had Binance exchange.

WazirX is not the second Binance, he is just an ordinary local exchange just like any other exchange, which is special from him only because it was acquired by binance

That's what we should be concerned about. This exchange was acquired by Binance and runs it. Certainly Binance will do everything for this exchange to grow in India, and I believe it will quickly become the second Binance.

With the marketing experienced by binance group this project will perform well from the place they've targeted to excel, knowing how binance understand the business and how they will do the very best to offer interesting features in attracting more people to use this platform. Expect that this project will be known since binance is behind it.

Complaining BNB with WRX for me is too far, in terms of price and reputation BNB has won a landslide victory. It took time for WRX to reach that point.

Wazrix is hosted through Binance ecosystem, also they try to implement likes binance, in wazrix exchange 50% less trading fees which was Binance marketing strategy. Binance hits in the world, but wazrix is very new platform so it’s hard to find comparison. Wazrix is still represented as a local exchange.             

Well wrx is a new coin, I think this coin has potential in the long run, it could be like binance coin. Maybe wrx will reach $1 this year this is good investment for me.

It will take time for this project to surpass Binance but to be safe, I don't want to think that it will happen.
In terms of investment, both are good investment but I'll always be more aggressive with holding BNB coin than WRX.

At the current price of BNB, I can still see that there's still plenty of room to grow, BNB going to $100 is not even impossible or unlikely to happen.

Actually wazirx is not a new project compared to finance. Both the company established on 2017. During 2018-2019 RBI banned Indian citizens to transact directly to crypto coin from the bank their bank account. At that time Zebpay was the most popular platform for the Indians but after the RBI ban it almost stopped it services.  But at that time wazirx came up with a solution of P2p transaction which was legal at that time.So it continues to became populer in India.  On Nov 2019 they accounted that Wazirx has been acquired by binance https://medium.com/wazirx/the-next-phase-of-wazirx-begins-part-1-aae88578779d .

I heard Binance already acquired the WazirX, so, WazirX is another product from Binance like the CMC!  WazirX has good potential to be a top 50 altcoin, India has a huge population and a large number of people involve in crypto! Though my expectation is not high like you but Wazirx price can hit 1-3$ easily in the next bull run!

That's correct, they have announce that in their official website.

Binance Acquires India’s Leading Digital Asset Platform WazirX to Launch Multiple Fiat-to-Crypto Gateways (https://www.binance.com/en/blog/404105749895733248/Binance-Acquires-Indias-Leading-Digital-Asset-Platform-WazirX-to-Launch-Multiple-FiattoCrypto-Gateways)

So this exchange could be successful like Binance but not as successful as Binance as it has been Binance that is their trade name.
We might see it grow in the future, so at this point, maybe those who believe on its future might start accumulating now.

BNB is a remarkable token of its development, this cannot be separated from the hard work of the developer team so that BNB is in high demand
in the market. It is proven now that the price of BNB is already high compared to when it first appeared. And I'm sure WRX tokens will follow
traces of BNB tokens. Moreover, the crypto community in India is so large, this will make WRX tokens have high demand. Right now the price of
WRX tokens has decreased by 9%, hence the chance we can buy WRX tokens at cheap prices. Don't miss this opportunity, or you will regret it.
Because I'm sure the WRX token will rise again after bitcoin halving occurs.

So there's no competition here as it is under in one wing. And I only heard WazirX because of this thread, so I don't think they can compete the BNB's popularity anytime soon. Most crypto users are familiar with BNB but not WRX, even though the population in India is big, yet, we are talking the global crypto community here. So right now, there's no reason to make a comparison between the two.

Indeed, both can grow together, therefore if we trust them, we should consider investing with them.
Always put in mind that we are in the early stage now, Binance may already have a big trading volume but the total marketcap of the crypto market will just increase overtime, and that will make exchanges to be more profitable and of course a chance for a small exchanges to grow on its time.

BNB and WRX? I will personally choose BNB. Because I believe that altcoin BNB has great potential for future investment. BNB coins and platforms have many users as well as a positive reputation.

WRX will grow fastest in the future, Binance is not in vain bought, what Binance buys will grow in the future, so that WRX will grow 100%, and now is the time to buy for the future. WRX has the ability to grow.

After this discussion, I went for studying wrx but not getting fully impressed on wrx's future. There were huge amount of wrx air-dropped even though they have announced burning some percentage of supply if not claimed to unlock. I guess all air dropped coins/tokens may not shine due to dump when unlocked or set to move. Otherwise, it may take more time for wrx to shine like bnb; I mean we cannot compare wrx with bnb at least in time-frame criteria.

Another worrying fact on wrx is, they plan to reduce the discount for traders if they opt to pay the fee in wrx. I guess there is no such plan with bnb (please correct me if I am wrong). I believe there should be continuous support for big discounts to traders to ensure continuous demand for wrx. Otherwise, people may start forgetting using wrx. Here are their plan:
https://i.imgur.com/wGFm5q8.png (https://support.wazirx.com/hc/en-us/articles/900000275703-Using-WRX-to-Pay-Trading-Fees)

I read wazirx requires full KYC to get start with them. But not sure about crypto-crypto trading. But, for an international crypto player, there cannot be any reason to choose wzrix among other famous exchanges because waxirx is not actively listing new coins nor engaging in any IEO things so far. This may reduces the chances for wrx tokens to growth like bnb as per your speculation.

I don't see many similarities here. The most important thing is that Wazirx is both known as Binance's subsidiary and there are still few traders there. I think CZ will not develop another exchange similar to Binance, which is too absurd. I think they need Wazirx because the laws in India are quite crypto-friendly and there are a lot of people there. they will develop OTC exchange soon in India and bring high profits, besides it cannot be a large exchange like Binance.

same here . not many but after reading the post i only notice two similiarities and that is the coin have also its own exchange and they also offer discounts for hodlers of this coin same as with bnb on binance  . still that would be enough to compare them because both coins have similarities and i agree on op  . thanks for the op for bringing it up on here   . this can be a good oppurtunity to buy now because wrx is still cheap and who knows maybe its price will grow too just like what hppen on bnb  by the time exchange of wrx  gets really popular   .

and how much can they burn tokens all the time?

But WRX has been acquired by Binance, so that will be a great speculation in the future. Spend a little budget to buy WRX and hold, I believe that in the next 1-2 years the price of WRX can increase to 300-500% compared to the present.

Check out this post. I just read out the white paper of this project. I think the projector will be very good. But BNB's market has become stable, BNB's Investing and Daily Trading has gained everyone's confidence. So that's why it's not fair to say that the next BNB.

Wiazir is a part of binance company and there was no point to discuss it again. It looks like you didn't understand if this was discussing about both of exchange sites. That means whatever if that was wazir or binance and both are the same caused by managed by the same companies. You must read again to understand the context.

There is no need to compare to the two, I for one believe all the value accrued by Waziri exchange would go to Binance. I don't know why Binance decided to have another tokens for exchange in which they own, if not just to socialise their platform and make money of them, the way exchange model is now is that winner takes all we are heading towards that direction soon so all these small exchanges would be swallowed by the big ones

Both are different, and in general, these two exchanges support each other, so I believe that both will develop together in the near future.

I think in comparison, BNB is still a lot better because this coin is bought more by investors. Of course, WRX is a new option for coin-exchange lovers but should also be careful because Indian laws are very strict.

I just bit the bullet and bought 1000 WazirX. It could go either way and turn out to be a fantastic or terrible investment but its $200 AUD I can afford to lose :)

I bought 20,000 WazirX for a long preservation. Tell me how much should WazirX destroy tokens in all time?

I do not think WRX's price will become higher than BNB's price . Binance is already on the market for more than 4 years and reached all time high $40 . In near future I think we can see BNB more than $100/coin .

l absolutely do agree with your opinion it is indefinite WRP can compete with BNB, in my opinion, don't. That is why as you above mentioned BNB is really most popular and so believable from investors. Holding BNB can give you a really good profit, maybe after price increasing you can see that. WRP has to grow, maybe it needs a bit lot of time.

The Binance coin is a top rated coin nowadays. As, this coin is developed by the Binance own coin which is the top rated crypto exchange among all others today. The daily volume of this exchange is also more than others. On the other hand WazirX (WRX) is a quite good but this exchange is now acquisition by the Binance itself. So, bothe the coin is good for your portfolio.

 I heard Binance already acquired the WazirX,  India has a huge population and a large number of people involve in crypto! they will develop OTC exchange soon in India and bring high profits, besides it cannot be a large exchange like Binance.Though my expectation is not high like you. I think this coin has potential in the long run, it could be like binance coin. Maybe wrx will reach $1 this year this is good investment for me. I bought 11,000 WRX for a long preservation.

I also think she can overcome 1 dollar

WazirX is considered to be Binance in the Indian market because exchange does not lack anything, and the coins listed here are good, so I believe WazirX will be the more discussed. However, compared to other exchanges, WazirX is still very small and hopes that this exchange will have more ways to attract investors in the near future.

India's population is almost like China's. I guess both of the tokens will grow in price when more of their people are going to adopt cryptocurrency that they will come to flock in WRX exchange.

Users not from India gonna be approved if they register to WazirX? I'm wondering if the exchange will allow outsiders who are just there to invest to the exchange token.

WRX is definitely a good project to invest in. But can one actually compare WRX with BNB? The price differences are so clear. Well, WRX remains a top coin to invest in. But then, we should not forget that the crypto space is so volatile and unpredictable.

Today is an excellent trading volume, and price increases  8)

He obviously didn't read the topic and didn't update the news. He does not know these two exchanges are owned by a company and run by them. Hopefully next time he will read more carefully before making the right comment and related to the topic

I am hearing about wazirxcoin for the first time, binance just purchased the exchange which had similar working model, like a coin for the exchange or is it the new normal, put up an exchange and then create a token for the exchange so that people will purchase that thinking that the exchange will pump them  ::). I personally do not trust these coins that have limited options but with binance they could pump the coin because of the money they have at hand.

agree with you that WRX can not be underestimated, he is a newcomer who is very potential in the future. but when compared with BNB, WRX certainly still needs to show itself that it can compete and move on its own to become advanced. so it is very difficult to determine for now, that the BNB is still the best, but it could be that on the way there will be changes and in crypto it can happen, it could even be worthless.

both are good for long-term investment. but I recommend BNB. BNB has its own platform and has a large community in it.

WRX by itself will not overtake BNB, but WRX 100% will cost more in the near future than now.  8)

Yes, you right but give a look also to KCS the KuCoin's COIN that has the same function of BNB on Binance. It s increasing a lot his value because they are improving many news, first of all the stacking on pool-x. The actual price is 0.00011150 BTC but in my opinion it s an easy x2

Binance is already well known in the crypto world. Not everyone could catch bnb at the right time, maybe no one thought bnb would be so successful. But I don't know how reasonable it would be to compare wrx with bnb. If you think the future of this coin is good, then you can start researching. The plus point of WRX is that it is an Indian exchange token, and there is a huge potential for crypto in India. Who knows, maybe this token will do something big in the future!

consider ath was over 20$ but that was 2017-2018, quite an era ago

The points shown in OP are highly valid and I agree that BNB is already at a very high price and it's all because Binance gained a lot of popularity and fame in a very short span of time and we can't deny the fact that Wazirx is one same kind of an exchange that has got the exposure it didn't had since it was just limited to India but as it's now operating with Binance, I do believe that we can see X times growth in its coin over time.

Well, based on the population in India, this opinion might sound, except that I cannot see it standing in the place of BNB at any time based on use cases and the community.

In comparison, BNB will certainly be better than WRX because Binance has better finance than other exchanges. However, any coin needs time to grow, and I believe that with what is happening, Wazirx will be a lot of people interested in exchange, and the value of WRX can be very high. I would choose to invest both of these coins because these are all good options for me.

Considering both of the coins, BNB will continue to hold the strong position int he market and now partnering with this exchange BNB has made it presence more firm and more global. This will mean it will reach more masses in coming time and thus BNB will continue to do well. WRX on other hand will also rise as time passes and currently at 0.4$ as against BNB at 16.5$.

The best scenario that would happen to this exchange, Binance acquired this exchange so it's not likely to surpass the exchange that acquires it.

I hope people will realize that.

https://www.binance.com/en/blog/404105749895733248/Binance-Acquires-Indias-Leading-Digital-Asset-Platform-WazirX-to-Launch-Multiple-FiattoCrypto-Gateways

Both of these coins have a very good start, but overall, I would still choose BNB because this coin is safer and has great support from CZ, so I don't have to worry much. However, WRX is also a promising coin in the future and will certainly increase very high if there is good news. Besides, the Indian community loves to hold this coin, so you will surely earn a good profit.

as i knew a lot of exchange token/coin already created such as KCS, BIX and many more
but all of the exchange token/coin can't beat bnb as the best exchange coin my friend
maybe WRX still have a chance to grow, but i believe this token will never beat BNB

I think there are a lot of changes between wrx or bnb.If we look at the price, there is a lot of change between the two and we are know bnb There is a lot of popularity around the world.WRX on the other hand is a new project and wrx india project.We know this and the future will be much better But now with BNB we have noticed a lot of changes.

we don't know how WRX is moving forward, because it all depends on the demand for the cryptocurrency market, now BNB is focused on becoming a global coin while WRX can only be used on exchange sites, so BNB is potentially superior to WRX.

Of course, in comparison, BNB is still better than WRX, but WRX has only started to develop in a few months so it cannot say anything. I think any coin will take some time to develop, and it is certain that the WRX will be mentioned a lot in the near future.

Personally, I like both of these coins and will consider long-term investment when the market has a new correction as the exchanging coins have never let me down.

although am not familiar with this particular exchange and its coin but i always like to see new upcoming project with potentials striving hard to gain value amidst competition, it is possible this wrx can be another good opportunity for those who believe and trust it, who knows if the dev give more utility to the token instead of just being use to pay fee only just like what was done to bnb then the value will keep increasing gradually, and don't forget that there is also periodic burn of bnb to reduce supply, all this result in bnb price increase.

WRX is a good project and In their whitepaper, They have a strong future plan. The price of WRX is also quite stable and Trading volume also good.  Gradually it makes its position stronger in coinmarketcap and people are thinking about WRX. But BNB is a more popular cryptocurrency than WRX. People gain more by trading and holding BNB. BNB is a very potential and exchanger based cryptocurrency. In the current situation, it is really unfair to say that WRX is next BNB. So we can watch both of the altcoins to make our trading profit.

The fact that if only a few percents from the total population in India aware of the existence of crypto. The people without the hardware to access the internet can't do that. BNB was being adopted by so many people around the world and we know the difference from the comparison of potential adopters.

I don't see any reason why we have to compare the two cryptos ever since Binance has acquired the Wazir exchange site and it clearly shows that Binance has more use cases than Wazir.

Honestly, there's nothing good that much in every exchange site own crypto than it to be used to fuel the activities done on the exchange that created it and BNB and WRX are just the same thing but have more  community support than each other.

it can happen because we don't know how WRX will move in the future, but for now, the BNB movement is far superior to WRX, because BNB's target will rival the current ETH.

Reality is that we don't know anything about the future and what can happen! It's why you do research, you decide do you have reasons to believe something with your money or not. I have some BNB, but about WRX I didn't hear much tbh! We all know what is Binance and their potential, but for WRX I need to do some basic research before I create my opinion, maybe this can be a good investment for the future.

I think you can invest in both project, bnb and wrx at the same time, so you can have both coins that can be the next potential coins which can increase later. You don't have to buy so many amounts of each coin, but you can adjust with your balance, and don't forget you need to leave your balance with some money, just in case if the price for both coins is down so that you can buy more amount at a low price.

Good suggestion, BNB already showed its potential and it's already successful, but there's still more room to grow, while wrx which was acquired by Binance, this coin will certainly have a good future as based on the trend, anything that attached to Binance succeed.

Yeah, that's the reason i think this isn’t right time to comparing both of these coin. Because Wazrix is still new developed platform only a few months going it’s launched. They trying to add all of reputed coins in their exchange so that exchange volume increasing. If it’s a fully Binance supported so definitely it’s will top ranking exchange in the future.                 

If that is the case i will make a good amount of money as i am holding over 40k WRX coins locked in my account in the exchange and they will be releasing the coins every month, sold over 4000 coins when they first unlocked and since Binance acquired the business i will be holding the rest of the coins and see how this will go, either way it is a win win situation for me as i never spent a dime to get those coins :D.

The Wazirx coins were introduced around a couple of years back in the exchange and there was literally no use as you will get those accumulated in your account whenever you trade and since you were not able to do anything for years i never thought anything about it until they unlocked the coin to trade and with the binance acquisition it might pump in the future.

If you have 40k WRX coin, you need to hold it until the price increase higher. That will be a lot of money you will get from the coin since you have a big amount of that coin.

BNB and WRX can be the next potential coin which can increase, so I think many people still hold those coins until now. I only hold BNB so far, but I don't have a big amount of BNB, but that is no problem for me.

We can do camparison between BNB vs WRX. From my points of BNB is the coin of best exchange at present time. On their exchange millions of trader trades everyday. If a exchange can go to top by their formula then their coin can also go to top position because they have much promising strategy towards their business. On the other hand WRX coin is wazirx exchange coin may have gain some popularity because of the Binance partnership. So I can play my bid on BNB not on WRX.
Thank you.

Is WRX a coin from an exchange that also works with binance? if true, maybe both coins have character and maybe the same market in the future. BNB will continue to grow when the Binance exchange continues to grow and have the trust of their traders.

WRX is an exchange from India, and they are being run by Binance and CZ. It can be said that WRX will be the second Binance in the future, just buy and wait. I believe that its price will certainly increase many times in the next 1-2 years

BNB has now become one of the popular exchanges and is in great demand by investors today while WRX is still relatively new and generally Indians use it, so BNB is superior to WRX.

maybe your intention is binance exchange, not BNB coins. binance exchange platform has several products one of which is a BNB coin. whereas for the popularity of course BNB is indeed better. the planning of BNB development is also good. there is an IEO that makes BNB use-value can continue to increase. and I think WRX can follow how BNB grows in a strong market.

Wazirx is still new, maybe it could be the choice of investors, because the potential of new projects is still very high,
especially Wazirx has good fundamentals, if I choose high gain potential I choose WRX

Initially i never thought it is a big asset as i was having the coins locked in my account for over a year and once they launched that i could see the valuation was pretty good for something you never invested and after binance acquiring the exchange it is possible that it could pump a lot in the future if the business continue to flourish and hence i might be holding a couple of years and see how it goes.

Same utility token like BNB, i do not see a long term prospect in all these N number of utility tokens but in this case these are from popular exchanges that have a huge amount of users and it is possible we will see some pump in the coin as a speculative market.