WazirX vs CoinDCX: The Battle of the Cryptocurrency Exchanges

WazirX vs CoinDCX: The Battle of the Cryptocurrency Exchanges

Two cryptocurrency exchanges, namely WazirX and CoinDCX, have been in the news recently for different reasons. 

Both of these exchanges have unique features that have helped to make them popular with users. However, some differences between the two exchanges are worth discussing in more detail. 

In this article, we are going to look at some of the key differences between WazirX and CoinDCX and see which one is better overall. 

This comparison will be based on the following criteria: reputation, security, exchange rates, transaction fees, customer support, and products and services available.

Introduction to WazirX?

The WazirX exchange is a peer-to-peer cryptocurrency trading platform. It is based in India and allows users to trade in multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Ripple. 

It was founded by Mahin Gupta in 2018 who is a self-proclaimed serial entrepreneur. It is based in India and has a 100% crypto-to-crypto trading platform, which means it does not offer fiat trading pairs. 

The exchange focuses on meeting traders’ needs for low latency and high throughput. WazirX has been working closely with regulatory authorities to ensure compliance with legal guidelines. 

It also offers advanced features such as smart order routing, social trading features, and stop loss limits. 

A notable feature of WazirX is its one-click investing feature that lets users start trading cryptocurrencies by clicking just one button. It also offers native mobile apps for iOS and Android devices.

Introduction to CoinDCX

CoinDCX is a cryptocurrency exchange that has been in operation since 2013. It is based in India and was founded by Alok Jain and Rakesh Yadav. 

the index offers customers a secure and easy way to buy, sell, trade, or exchange digital currencies with each other. 

They are also one of the largest cryptocurrency exchanges in terms of liquidity, which means they offer some of the lowest trading fees out there.

There are many reasons why people love CoinDCX, including its intuitive user interface, low fees, a wide variety of cryptocurrencies available for trade (150+), high levels of security, and compliance with KYC/AML requirements.

WazirX vs CoinDCX

Both WazirX and CoinDCX are cryptocurrency exchanges. Both exchanges provide advanced trading features and good customer support, but there are still some differences between them. Read on to find out how they compare.

Comparison 1 – Trading Pairs and Fees

The first difference between WazirX and CoinDCx is the trading pairs they offer. 

WazirX offers five different cryptocurrencies to trade in, while CoinDCx only has Bitcoin and Ethereum. 

The second difference is that WazirX charges an 0.25% fee on deposits and a 0.25% fee on withdrawals, while CoinDCx charges 0.25% for both. This might not seem like a lot, but over time it will add up.

The last difference is their deposit limits. the index has a deposit limit of Rs. 1 lakh per day and Rs. 2 lakhs per month, which makes it difficult to cash out larger sums from your wallet without making multiple transactions every day or waiting 30 days before you can withdraw again (unless you want to pay more fees). Meanwhile, WazirX does not have any limit on how much you can deposit per day or month.

Comparison 2 – Currencies Offered

Unlike CoinDCX, WazirX offers an expansive list of cryptocurrencies. Including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) among many others. 

WazirX also offers a wider array of trading pairs including USD, INR, and EUR. This is a huge advantage for international traders who can’t easily use US-based exchanges like Coinbase or Gemini.

However, there are downsides to this. On January 10th, 2018 it was reported that Indian cryptocurrency exchange CoinDCX had halted withdrawals in all tokens except Bitcoin due to regulatory issues from the Reserve Bank of India.

Comparison 3 – Exchange Interface

While both Wazirx and CoinDCX are great options for Indian cryptocurrency traders, they have different interfaces. 

Wazirx is a cryptocurrency exchange that features an old-school design with a list view that puts all trading pairs side by side. It is also one of the few exchanges to offer crypto-crypto trading pairs.

CoinDCX has a more modern interface but it might take some time to get used to. For now, we will give this round to Wazirx due to its user-friendly UI. 

However, if you are new to the market then you may want to go with CoinDCX because it will be easier for you.

If you like tinkering around with charts and graphs or prefer getting real-time notifications, go for CoinDCX. 

There is no clear winner here, rather it depends on your preference between simplicity or sophistication.

Comparison 4 – Security 

The first factor to consider when choosing a cryptocurrency exchange is security. WazirX and CoinDCX provide their users with two different types of two-factor authentication. 

At WazirX, you can use Google Authenticator, while at CoinDCx, you can use SMS verification. Both exchanges have strong security protocols in place to ensure that funds are safe.

However, unlike WazirX, CoinDCX doesn’t require you to verify your phone number before making trades. For this reason, it is wise to invest money into a wallet on an exchange that offers 2FA security features or else risk losing your account due to a stolen phone.

Comparison 5 – Customer Support

Another aspect to take into consideration is customer support. If a user has issues with his/her account, he/she should contact customer support immediately. 

While both exchanges offer customer support in various languages including English, Russian, Korean, Japanese, Spanish, and Portuguese; only WazirX provides 24/7 service for all those languages.

Additionally, both exchanges offer email support but we found that emails sent to WazirX were responded to quicker than emails sent to CoinDCX. When it comes down to who is better, it depends on what kind of trading experience you’re looking for.

Who Is Better?

CoinDCX is a decentralized exchange that provides access to various cryptocurrencies and digital assets. 

WazirX is a centralized exchange with an easy-to-use interface that allows you to buy, sell, trade, and store your cryptocurrency.

Both exchanges have pros and cons but in our opinion, WazirX offers more features. For example, WazirX has a 24/7 support team available for their users while CoinDCX does not provide any sort of customer service at all.

In addition, WazirX also offers payment integration so it’s easier to purchase your favorite cryptocurrency or trade it for other coins on the platform. 

The downside is that WazirX doesn’t offer as many trading pairs as CoinDCX but they do offer Bitcoin Cash (BCH) which means BCH owners can now buy BTC from India through this platform without having to go through third parties like ShapeShift. 

As far as user experience goes, both platforms are about equal when it comes to user-friendliness. 

CoinDCX might be slightly better because they have fewer ads and allow you to chat privately with people who are selling or buying crypto near you but again, WazirX seems a little faster when using the site overall.

One thing we like about both platforms is that they are completely free to use. No fees whatsoever.

Who Has a Better Reputation?

When it comes to selecting a cryptocurrency exchange, there is no shortage of options. Many factors can help you decide which exchange is best for you, but one thing to keep in mind is a company’s reputation. 

Reputation matters because it indicates how trustworthy exchange is and how well they follow regulations. 

Here are two exchanges, WazirX and CoinDCX, and their reputations. 

Looking at reviews online, it appears that WazirX has a slightly better reputation than CoinDCX. Reviewers have praised its customer service and ease of use while criticizing its confusing interface. 

Reviews of CoinDCX have been mixed. Some users have said that the platform is not safe and others have commented on how easy it was to withdraw money from the platform when they needed to cash out quickly On both platforms, people complain about long waiting times for withdrawals.

So, You should carefully consider your own needs and preferences before deciding which cryptocurrency exchange will work best for you.


In conclusion, Wazirx and CoinDCX both have benefits and drawbacks to their services. However, if you are looking for a more secure way to trade your cryptocurrency then we would recommend WazirX as it has many of the same features that CoinDCX offers, but with more security in place. Ultimately, both exchanges are viable options and which one is better will depend on what is important to you.


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