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Author Topic: WazirX Bitcoin Exchange India  (Read 328 times)
Jeffery Musk
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February 14, 2018, 08:08:07 AM
 #1

WazirX is a new Bitcoin Exchange India,  developed by co-founders of Crowdfire. The platform is launching in March 2018 with the support of multiple cryptocurrencies including  Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies in India.
Know More: https://coinpedia.org/exchange/wazirx-bitcoin-exchange-india
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February 14, 2018, 08:42:19 AM
Last edit: February 14, 2018, 09:04:54 AM by edgycorner
Merited by amishmanish (1)
 #2

A website which couldn't even provide its true information while registering the domain
 

Using a service like domainsbyproxy, makes you look fishy as hell.I won't suggest anyone to sign up on that website.Save your personal details.These guys don't want us to know who they are.

I will never trust an exchange, which is so desperate to hide its identity.I am going to post about this on other scam review websites.So that people can make their own judgement before sending money to you guys.I am also leaving a negative trust here.
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February 14, 2018, 08:47:32 AM
 #3

Well, they are over 30K KYC completed already. I don't know if they are scam or not, but recently people have tend to be careless with the amount of KYC they are doing for getting tokens. Hope this goes well.

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February 14, 2018, 07:03:58 PM
 #4

Well, they are over 30K KYC completed already. I don't know if they are scam or not, but recently people have tend to be careless with the amount of KYC they are doing for getting tokens. Hope this goes well.

Can you explain this clearly ? You mean to say that people are creating multiple accounts on exchanges with different KYC for tokens ?
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February 17, 2018, 10:13:57 AM
 #5

Well, they are over 30K KYC completed already. I don't know if they are scam or not, but recently people have tend to be careless with the amount of KYC they are doing for getting tokens. Hope this goes well.

Can you explain this clearly ? You mean to say that people are creating multiple accounts on exchanges with different KYC for tokens ?

No he doesn't mean that..He is talking about people giving personal documents everywhere, including ICOs which have started linking bounties with KYC. This has potential for identity theft as most ICOs tend to be scams these days.
 
You don't need different KYC for tokens. You can open accounts on all the different exchanges and provide the same KYC everywhere.

Which brings up the question? What makes you think of multiple accounts with different KYC? You are getting confused or are trying to do something scammy.. LOL..That is the typical "Ration card scam" we Indians love so much..Would love to know the thought behind that question??

A website which couldn't even provide its true information while registering the domain
 

Using a service like domainsbyproxy, makes you look fishy as hell.I won't suggest anyone to sign up on that website.Save your personal details.These guys don't want us to know who they are.

I will never trust an exchange, which is so desperate to hide its identity.I am going to post about this on other scam review websites.So that people can make their own judgement before sending money to you guys.I am also leaving a negative trust here.

Good find. Hope the promoters can either clarify this or more people can see this and save themselves from another scam exchange.

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February 17, 2018, 10:37:10 AM
 #6

this one is new one in this exchange already added some altcoins but how can i trust on this exchange. this exchange is genuine or anything else. anyone can clarify me.

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February 17, 2018, 01:15:54 PM
 #7

this one is new one in this exchange already added some altcoins but how can i trust on this exchange. this exchange is genuine or anything else. anyone can clarify me.

You have added your altcoins on this exchange without getting full details about the exchange and now you are asking about its genuinity I think this you can now tell much better as you have deposit your altcoins and are you able to trade and how is the trade volume. In india if anyone starting exchange is not possible in legal way as it is not allowed. So leaving the older exchanges other all new exchanges are threat as anytime they can shut down when the law crack on them and find them, that time they will run away. So it is much better to use the old exchanges which are more safe.

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April 03, 2018, 12:41:10 AM
 #8

this one is new one in this exchange already added some altcoins but how can i trust on this exchange. this exchange is genuine or anything else. anyone can clarify me.

You have added your altcoins on this exchange without getting full details about the exchange and now you are asking about its genuinity I think this you can now tell much better as you have deposit your altcoins and are you able to trade and how is the trade volume. In india if anyone starting exchange is not possible in legal way as it is not allowed. So leaving the older exchanges other all new exchanges are threat as anytime they can shut down when the law crack on them and find them, that time they will run away. So it is much better to use the old exchanges which are more safe.


Why is it not legal to start an exchange in India? I have not heard of any Government License or Guideline for that. If you know of one..then please share. Else, do not spread rumors. More competition is good for industry. May the best one excel and survive.

Note: I have no connection with any exchanges.
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April 03, 2018, 12:53:29 AM
 #9

Well, they are over 30K KYC completed already. I don't know if they are scam or not, but recently people have tend to be careless with the amount of KYC they are doing for getting tokens. Hope this goes well.

Can you explain this clearly ? You mean to say that people are creating multiple accounts on exchanges with different KYC for tokens ?

No he doesn't mean that..He is talking about people giving personal documents everywhere, including ICOs which have started linking bounties with KYC. This has potential for identity theft as most ICOs tend to be scams these days.
 
You don't need different KYC for tokens. You can open accounts on all the different exchanges and provide the same KYC everywhere.

Which brings up the question? What makes you think of multiple accounts with different KYC? You are getting confused or are trying to do something scammy.. LOL..That is the typical "Ration card scam" we Indians love so much..Would love to know the thought behind that question??

A website which couldn't even provide its true information while registering the domain
 https://i.imgur.com/NSA3dEz.png

Using a service like domainsbyproxy, makes you look fishy as hell.I won't suggest anyone to sign up on that website.Save your personal details.These guys don't want us to know who they are.

I will never trust an exchange, which is so desperate to hide its identity.I am going to post about this on other scam review websites.So that people can make their own judgement before sending money to you guys.I am also leaving a negative trust here.

Good find. Hope the promoters can either clarify this or more people can see this and save themselves from another scam exchange.


Domain by proxy is owned by Godaddy (which is the largest domain registrar in the world). And this is a very legitimate way of obfuscating the domain owner's personal info. There is nothing illegal or shady in this. Almost every legitimate company does that.

Infact..reverse is true: If there is a user who opens a website (or exchange) and throws his/her personal info on registrar, then that shows that the individual is lax about privacy. That is a red flag. Any person who knows little bit about internet or webhosting knows this.

Please do not malign someone just because they are trying to protect their personal identity by using Godaddy service.

Note: I am not connected to any exchanges...or their founders in any way.
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April 04, 2018, 10:02:34 AM
 #10

Well, they are over 30K KYC completed already. I don't know if they are scam or not, but recently people have tend to be careless with the amount of KYC they are doing for getting tokens. Hope this goes well.
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April 04, 2018, 12:00:55 PM
 #11

Well, they are over 30K KYC completed already. I don't know if they are scam or not, but recently people have tend to be careless with the amount of KYC they are doing for getting tokens. Hope this goes well.

They are very active in putting their status update. TRading is live now on their platform. 30k KYC is not a big number. It means that 30k users want to trade on their platform. Not everyone will. With 5% trading, that makes it 1500 users trading on the platform. Thats not a bad number to start with (they are just 1 month old).

Its not a good idea to spread the rumors about someone who is trying to do something. Whether they fail or succeed is a different topic.

Note: I am not connected to them or with any exchange in any capacity.
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April 05, 2018, 05:17:13 PM
 #12

Well, they are over 30K KYC completed already. I don't know if they are scam or not, but recently people have tend to be careless with the amount of KYC they are doing for getting tokens. Hope this goes well.

They are very active in putting their status update. TRading is live now on their platform. 30k KYC is not a big number. It means that 30k users want to trade on their platform. Not everyone will. With 5% trading, that makes it 1500 users trading on the platform. Thats not a bad number to start with (they are just 1 month old).

Its not a good idea to spread the rumors about someone who is trying to do something. Whether they fail or succeed is a different topic.

Note: I am not connected to them or with any exchange in any capacity.
Scammer or not with the new directives from the RBI they are bound to fail.
Won't trust them with any of my money.In the current scenario, only a fool will deposit in new exchanges now.
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April 05, 2018, 05:23:23 PM
 #13

Well, they are over 30K KYC completed already. I don't know if they are scam or not, but recently people have tend to be careless with the amount of KYC they are doing for getting tokens. Hope this goes well.

They are very active in putting their status update. TRading is live now on their platform. 30k KYC is not a big number. It means that 30k users want to trade on their platform. Not everyone will. With 5% trading, that makes it 1500 users trading on the platform. Thats not a bad number to start with (they are just 1 month old).

Its not a good idea to spread the rumors about someone who is trying to do something. Whether they fail or succeed is a different topic.

Note: I am not connected to them or with any exchange in any capacity.
Scammer or not with the new directives from the RBI they are bound to fail.
Won't trust them with any of my money.In the current scenario, only a fool will deposit in new exchanges now.

It is now done as RBI has finally issued the statement of banning which means it is the time for all the exchanges to wind up and those of new exchanges will incur losses on their site as they would have spent on creating and building those sites.

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April 24, 2018, 02:58:53 PM
 #14

this one is new one in this exchange already added some altcoins but how can i trust on this exchange. this exchange is genuine or anything else. anyone can clarify me.

That is one of the question that everyone has in their mind on listening about any new exchange and i am no different. I also want to know if it is not a scam because i am also searching for a good exchange.

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April 28, 2018, 06:07:34 PM
 #15

This is new exchange working in India. Amount with same is not clear and ICO is not forcing badly for getting higher price.
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May 07, 2018, 10:44:28 AM
 #16

Well I have personally used wazirX for trading they are working well but the main problem with them is they are listing coins without community members demands. Everything is ok as of now let's see what happens when RBIs time line come closer.

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May 08, 2018, 08:56:33 AM
 #17

Wazirx launched a full crypto exchange that supports several different cryptocurrency pairs, WazirX has introduced its own token: WRX Coin, which will definitely be used for buying other cryptocurrency. Team of WazirX seems to be legit, as their company based on Mumbai, and they have revealed the name of the owners.

Still there is no info on WRX token which is coming soon since launch. It seems to be a marketing strategy for signing up members only.
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May 08, 2018, 10:26:38 PM
 #18

Well I have personally used wazirX for trading they are working well but the main problem with them is they are listing coins without community members demands. Everything is ok as of now let's see what happens when RBIs time line come closer.
Do they expect INR deposit and withdrawal at this time, most of the exchanges are not accepting INR after the circulation and how is their customer support, since this is a new exchange and i have not heard about it, i would stay away from it unless i see someone reputable endorse that they are working good and we could trust that site. If they want to show they are legit business they need to introduce their exchange in this site as this is the primary bitcoin discussion site, until then i will not visit the site. Since you are a use why don't you advice them to create a thread by the team.

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May 10, 2018, 10:06:13 AM
 #19

Well I have doubts when this exchange launch in India because when they decide to launch a new exchange the environment in India is very negative about Crypto by the RBI s crack down now exchange is working well and I personally used it one time and it's like another exchanges that I used but did not check it's withdrawal and deposit services now let's see how they works in future.
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May 10, 2018, 05:11:33 PM
 #20

Well I have doubts when this exchange launch in India because when they decide to launch a new exchange the environment in India is very negative about Crypto by the RBI s crack down now exchange is working well and I personally used it one time and it's like another exchanges that I used but did not check it's withdrawal and deposit services now let's see how they works in future.

When the reputed exchange has being facing huge issue due to theft so be careful with the new exchanges and specially during this time when the RBI has already given its directions for the banks to close the accounts.

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