WazirX Review: Is This Indian Crypto Exchange Safe and Worth It?

When you're trading crypto in India, WazirX, a peer-to-peer crypto exchange launched in 2018 and acquired by Binance in 2021. Also known as WazirX P2P, it became one of the most popular platforms for buying Bitcoin and altcoins with INR. But after two major security breaches in 2024 and 2025, many are asking: is it still trustworthy?

WazirX stands out because it lets you deposit and withdraw Indian Rupees directly — no need for third-party gateways. That’s a huge plus for users who want fast, simple buys without jumping through hoops. Its P2P trading system lets you trade with local sellers using UPI, bank transfers, or Paytm, making it one of the few exchanges that truly works for everyday Indian traders. But here’s the catch: after hackers stole over $20 million in 2024, users lost access to their funds for weeks. The platform eventually repaid users, but the damage to trust was real. In 2025, they added two-factor authentication and cold storage upgrades, but they still don’t offer insurance like some global exchanges do.

Compared to Binance or CoinDCX, WazirX has higher trading fees — around 0.2% per trade — and fewer altcoins. You won’t find niche tokens or advanced charting tools here. But if you’re new to crypto in India and just want to buy Bitcoin or Ethereum with your phone, WazirX still gets the job done. Its app is simple, fast, and works even on low-end devices. The customer support is hit-or-miss, but the community forums are active, and many users share real-time tips on how to avoid scams.

What you won’t find here? Margin trading, staking rewards, or a robust educational center. WazirX isn’t built for advanced traders. It’s built for people who need a straightforward way to get into crypto using Indian rupees. That’s why, despite its flaws, it still ranks among the top choices for beginners and casual users across Tamil Nadu, Uttar Pradesh, and Maharashtra.

In the posts below, you’ll find real user experiences, fee comparisons with other Indian exchanges, security breakdowns, and updates on whether WazirX has truly fixed its past problems. No hype. No fluff. Just what you need to know before you trade.