How to Deposit Money in WazirX? | All You Need to Know About Ways to Deposit Funds in WazirX

Investing gives economic security in the present and the future. It helps us to get inflation-beat results. So the topic of today’s article is an investment app. Investing in cryptocurrency is still uncommon in India, but few people trade cryptocurrency and several trading applications provide people with the best functionality and services. In today’s article, we will discuss WazirX, a cryptocurrency trading app. We’ll learn how to deposit the money in WazirX in today’s article.

• What is WazirX?
• How to Deposit Money in the WazirX App?
• Benefits of the WazirX App
• How long does it take for my payment to show up in WazirX?
• Is it possible to send money from another person’s bank account to my WazirX Account?
• Is there a deposit fee?
• FAQs on How to Deposit Funds in WazirX App

What is WazirX?

WazirX is a bitcoin trading platform based in India. It is the most reputable Bitcoin and cryptocurrency exchange in India. People can purchase, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, and others. Nischal Shetty developed it in 2018, and Binance, a cryptocurrency exchange, bought it in 2019. As of March 2022, the market had over 10 million users, illustrating the app’s legitimacy and trustworthiness.

How to Deposit Money in the WazirX App?

Go through these simple steps mentioned below to deposit funds in WazxriX App. They are as such

1. In the top bar, select Funds.
2. Select the Deposit option under Indian Rupee.
3. Select Instant Deposit from the drop-down menu (Net banking)
4. Please Click after entering the amount clients want to deposit.
5. You will then be redirected to the Bank Transfer login screen for your bank.
6. After successfully logging in, you can approve the transfer of funds by entering your net banking User ID and Password.
7. It may take up to 24 hours for the deposit to be effectively credited to someone’s WazirX account after a transfer. The majority of deposits occur in a significantly shorter period (even 1 hour).

Benefits of the WazirX App

• Excellent interface and multifunctioning app.
• Superfast KYC.
• It provides lightning-fast transactions.
• It is much easier to use and no extra effort is required to use WazirX.
• Designed Using Blockchain Technologies.
• Dedicated phone support and one can simply handle this app from their cell phone.
• The WazirX exchange has a high reputation, it shows its authenticity and high rating.
• Safety and privacy are important measures for any application and Hazirx is one of the safest applications.

Also, Read:

• How to Send Money from Phonepe Wallet
• How to Transfer Money from Amazon Pay to Bank Account

How long does it take for my payment to show up in WazirX?

Currently, the greatest time it would take to effect is seven banking days. The majority of deposits take substantially less time to form (even 1 hour). If your transaction has not been shown in your account for more than 72 hours, please contact the support team.

Is it possible to send money from another person’s bank account to my WazirX Account?

No. The deposit must be made from the bank account/UPI ID associated with your WazirX account. The name on your WazirX profile must match the name on the bank account and the UPI ID of your link. You are unable to transfer funds from another person’s account.

Is there a deposit fee?

Yes, They utilize payment services to enable immediate transactions so that the funds are credited almost immediately. The deposit charge is displayed on the INR deposit page and probably depends just on the payment option. All duties are covered by the deposit fee.

FAQs on How to Deposit Funds in WazirX App

1. What is the WazirX app?

It is an Indian cryptocurrency trading app that was founded in 2018.

2. Why I am not able to deposit money in WazirX?

Your payment is immediately deposited to your WazirX profile after a recent transfer. It can require up to several hours for IMPS, NEFT, or RTGS deposits to reflect. The vast majority of deposits are completed in a fraction of the time, sometimes in under an hour.

3. Why can’t I deposit money in WazirX?

You are unable to add funds because the bank account number or IFSC linked to the account is wrong. Although the bank data is correct, there is a name mismatch. This could all be a factor in your difficulty to deposit funds in WazirX.

Conclusion

In a summary, we can claim that using WazirX is simple and convenient for first-time users. In this blog, we addressed how to deposit money in WazirX, and it was a simple process to follow. WazirX, on the other hand, is a multifunctional program that allows us to accomplish various actions at the same time.