Ranked in 1 of 16 countries · Exchange
WazirX Review (October 2026): Fees, Licences and Where It Works
By Vahe Hakobyan No affiliate links
- Taker fee— Not verified
- Maker fee— Not verified
- Coins— Not verified
- CustodyCustodial (assets held with BitGo since 2025)
- Founded2018
- HeadquartersMumbai, India
Our verdict
WazirX is an Indian crypto exchange operated by Zanmai Labs that offers INR and USDT spot markets, zero-fee spot trading under WazirX ZERO and INR-settled futures. After a July 2024 hack it went through a Singapore court-sanctioned restructuring, moved custody to BitGo and resumed trading on 24 October 2025.
Pros
- Zero-fee spot trading on WazirX ZERO
- INR and USDT markets plus INR-settled futures
- Custody moved to BitGo after restructuring
Cons
- USD 230 million hack in July 2024
- Fifteen-month trading halt during restructuring
Where WazirX works
| Country | Status | Rank | Local licence |
|---|---|---|---|
| India | Available | #9 of 16 | FIU-IND registered VDA service provider (reporting entity under PMLA), Zanmai Labs Pvt Ltd |
How secure is WazirX?
- Proof of reserves
- — Not verified
- Custody
- Custodial (assets held with BitGo since 2025)
Incidents since 2019
- Cyberattack on a WazirX multisig wallet, linked to North Korean hackers, drained about USD 230 million; trading was halted until October 2025
Crypto held on a platform is generally not covered by deposit insurance.
WazirX FAQ
Where is WazirX available?
Among the countries we cover it accepts residents of India.
Is WazirX regulated?
India: FIU-IND registered VDA service provider (reporting entity under PMLA), Zanmai Labs Pvt Ltd.
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.