WazirX Security: Is Your Crypto Safe on This Exchange?

When you trade on WazirX, a major Indian cryptocurrency exchange that lets users trade INR for Bitcoin, Ethereum, and other tokens. Also known as WazirX P2P, it became one of India’s most popular platforms before its security flaws turned into headlines. WazirX isn’t just another app — it’s where thousands of Indian traders lock up their life savings. But after two major security breaches in 2024 and 2025, questions about its safety aren’t theoretical. They’re personal.

Security on crypto exchanges isn’t about fancy logos or customer support replies. It’s about cold storage, multi-signature wallets, and how fast a team responds when something goes wrong. BtcTurk, Turkey’s top exchange, also faced two major hacks, and the pattern is the same: centralized control, slow disclosures, and users left holding bags of worthless tokens. WazirX had the same issues — internal access lapses, unverified withdrawal requests, and no real-time transparency. When users asked for proof of funds, the response was silence. That’s not a glitch. That’s a red flag.

What makes WazirX different from platforms like Binance or Coinbase isn’t its user base — it’s how little it disclosed after the attacks. While global exchanges publish detailed incident reports, WazirX offered vague statements and delayed refunds. Meanwhile, Coinavenir, a lesser-known exchange with its own security review, published full audit logs and fixed vulnerabilities within days. That’s the standard you should expect. If an exchange doesn’t treat security like a daily priority, your coins aren’t safe — no matter how many ads they run.

You don’t need to be a tech expert to protect yourself. Check if an exchange has public proof of reserves, uses cold storage for 95%+ of funds, and has a history of transparent communication. WazirX failed all three. And if you’re still using it, you’re gambling — not trading. The posts below dig into real cases: how hacks happen, what exchanges got right, and how to spot a platform that’s just pretending to be secure. You’ll find no fluff. Just facts from users who lost money, and those who walked away before it was too late.