How to launch a cryptocurrency Exchange like Wazirx?

Posted On October 10, 2019 at 04:34 PM
Updated November 26, 2019 at 01:03 PM
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Building your own Cryptocurrency Exchange Website right from the scratch is a hectic task. You will always need a professional help who can guide you with a complete process so better try to look in for a well built and feature-packed clone script service provider to develop your crypto exchange platform.

We Coinjoker- As a prominent cryptocurrency exchange clone script provider, offers end to end customized solutions to launch your crypto exchange platforms like Wazirx, binance, coinbase, poloniex, paxful, etc,.

Wazirx Clone Script

It is a cryptocurrency exchange website script similar to wazirx with all its enhanced security features and API. Our well developed Wazirx clone script allows users (local buyers as well as international transactions) to buy and sell cryptocurrencies and pay the respective person with fiat or other cryptocurrencies.

Table of contents:

What is Wazirx?
What are WRX coins?
How  wazirx P2P Exchange Works?
Why does WazirX P2P only have USDT?
Is WazirX P2P safe?
Wazirx - Pros

Now, let us see how to launch a cryptocurrency exchange like Wazirx..

What is Wazirx?

Waxirx is India's most trusted Cryptocurrency exchange to buy, sell and trade digital assets. The exchange offers a simple and easy to use interface with real-time order books, charting, trade history so that you can trade and invest with 100% security.

What Solution WazirX Exchange Offers

1. Peer 2 Peer Transaction
2. Cryptocurrency Exchange
3. WRX Mining

Wazirx Coin (WRX)- What are WRX coins?

Wazirx is a digital asset that is similar to other coins in the market like bitcoin and all. Right now WRX coins are expected to increase its value, utility, and liquidity. By owing those WRX coins you can be expected to reap the benefits with its rising utility & demand of the coin.

Wazirx P2P Transaction:

Wazirx P2P helps users to directly buy or sell  USDT for fiat money. This P2P exchange is legal and safe.

Things that can be done in Wazirx P2P:

Cash In - If you want to bring fiat money to trade cryptocurrencies, Buy USDT via P2P and then use that Usdt to buy other cryptocurrencies on Wazirx.

Cash Out - In case you want to move Fiat money to your bank account, sell your cryptocurrencies for USDT and then sell that USDT for fiat.

How wazirx P2P Exchange Works?

WazirX matches the person looking forward to buying USDT for Fiat with the person who’s looking to sell USDT for Fiat.

WazirX safeguards the USDT by escrows, during the transaction

The transfer of buyer's fiat to the seller's bank account  can be done IMPS/UPI

Finally, the Seller confirms payment and WazirX releases the USDT to the buyer

Why does WazirX P2P only have USDT?

Wazirx only uses USDT to keep it simple and ensure very high liquidity. USDT is a stable coin. Which is a cryptocurrency that holds a stable value and the price fluctuation is extremely narrow. The price range of 1 USDT is always equivalent to $1.

So whenever you want to sell any crypto: Convert your crypto to USDT and then sell the USDT for Fiat using WazirX P2P. And whenever you want to buy crypto: Convert your Fiat to USDT using WazirX P2P and use your USDT to trade any crypto.

Is WazirX P2P safe?

Definitely! WazirX has an escrow system to make the entire transaction in a secure way so that no one can cheat the other. In wazirx the escrow will hold the seller's USDT until the transaction is completed and the payment is confirmed.

If you are a seller - WazirX will not release your USDT to the buyer until you make a confirmation on the receipt of payment. If you are a buyer - WazirX will hold the seller's USDT until you make a payment to the seller. The System will detect and resolves any dispute that occurs between the buyer and a seller. KYC details can be verified for every user before allowing them to trade on the platform and thus keeps a record on each and every transaction that occurs on the exchange.

Wazirx - Pros

1. Security and Trustable exchange 
2. Bypass the middleman
3. Probably the lowest price of all coins in India
4. Clean and user-friendly UI
5. Flexible Payment gateways(IMPS,UPI,paytm)

How to start an exchange like wazirx?

If you are interested in launching your exchange platform like wazirx, We will be glad to assist you with our Wazirx Clone script with value-added features based on current market trends.

Our cryptocurrency exchange clone scripts come with different plans, pricing with similar features as same as in wazirx. Our Wazirx Clone script comes with,

1. Simple and efficient Design with best Inclass security
2. Super Fast KYC-within a few hours of signing up, while ensuring the right KYC protocol. 
3. Superfast transactions
4. Provides trading experience across all platforms - on Web, Android & iOS mobile, Windows, and Mac apps.

Start your Exchange platform with our Wazirx clone script !! Our team of passionate blockchain believers will understand exactly what you need. Share your requirements in the below form and book a free demo!!

 

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