WazirX India announced on Twitter that it will allow its users to add money to their wallets using UPI. The users will now be able to deposit INR instantly to their WazirX wallet via Google Pay, PhonePe, Paytm UPI & more. The service will be available to users 24×7 on all days.
Although, the exchange hasn’t specified the daily limit. However, the minimum deposit required is 100 INR for the transaction. From the deposit, 0.236% will go to Wazirx as a fee. Using the UPI feature, now users can easily make transactions for buying cryptocurrencies.
With this move, WazirX eases up crypto trading for its users to a great extent. This would also reduce several complexities involved with depositing the payments. Apart from the UPI, WazirX also allows its users to deposit money to their wallets through NEFT and P2P.
Top 15 FAQ on WazirX, like how to deposit and withdraw money, How to sell on WazirX? and so on, click here to read.
Crypto exchanges around the world are going through regulatory measures. Earlier, last month, the ED had served the exchange notice for violation of FEMA. The notice raised questions on the very essence of crypto and its fundamental structure which allows crypto users to transfer coins from their wallets to any other Wallet.