WAZIRX TUTORIAL as of 4 May 2021.

 

WAZIRX TUTORIAL (By CheemsGod Himanshu 🔥)

 

First of all, download Wazirx app (available on both popular platforms Google Play Store and Apple Store → https://wazirx.com/invite/tryv7rk7  , referral code - tryv7rk7 .

 

Why Wazirx?  → I’m using it , it’s trusted (done deposits/withdrawals successfully)  and I can tell you process to add money,buy,sell,limit etc. in this app as I am familiar with this app only.  Other apps are Binance, Coinswitch etc.

 

Method of Installation → Download the  Wazirx app and put my referral - tryv7rk7 or ban 😒 (kidding but signing up with referral will help us both regarding fee)  😂

 

 

So now I am assuming that you have downloaded WAZIRX. Now let’s move ahead.

 

 

After installing the app ,do your full KYC (Aadhaar Card, Pan card and bank account required) and all the stuff/permissions application asks. It may take hours or half day or up to 2 days to get your profile verified so please keep patience and Don’t bother people asking when your profile will get verified. It will verify and you will know.

 

I Don’t have PAN Card What to do? → Recently government has introduced a quick method of generating PAN card through Aadhaar Card. Go to this link and generate your PAN if you don't have as PAN card is mandatory for Crypto applications → https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/ApplyePANThroughAadhaar.html?lang=eng

 

HOW TO ADD FUND (money) in WAZIRX WALLET ? → After verification of profile, add funds by using IMPS (better option) or UPI .

  • In “Funds” section You will see ‘INR’ in app itself. When you will touch INR it will show you two things DEPOSIT and WITHDRAWAL.

  • When you will touch ‘Deposit’ ; it will show you your savings account which you had added in Wazirx and one another bank account (Current account and probably ICICI ) on which you have to transfer the money. That current account is basically your account allotted by Wazirx to you for sending money.

  • The moment you will send money to that current account through IMPS/NEFT/RTGS, amount will reflect in your App (check at same INR section in FUNDS option). You have to send money only from the account you have added in Wazirx ,don’t do adventure.

 

Wait for 10-15 minutes, sometimes it can take hours to reflect. Your fund will be shown in Account. And then you can invest in any coin.

 

 

HOW TO INVEST (buy/sell) IN COINS ? →After money is shown in account. Go to MARKETS , search the coin let’s say BITCOIN (short form BTC).

• Now you will see 3 types of Bitcoin → BTC/USDT , BTC/INR etc. , Touch on BTC/INR , you will find many options like Charts, Orders,Trades,My Orders, Buy/Sell. Touch ‘Buy /Sell’ option.

 

#BUY coins → you will see a format like below  (in green):-

 

At Price (inr/deposit) = (at price you will buy coin)

 

Amount (coin name) = (quantity of coin) (you can enter the coin quantity here too 1,2,3 etc. You will see their value in TOTAL.

 

Total (inr/usdt)= (here you have to enter the amount which you want to sell let’s say 100₹ ,500₹ ,1000₹ etc, you will see the amount of coin you can sell by those rupees in AMOUNT section (just above)

 

After entering amount, touch BUY. If that coin is successfully bought you will be able to see that in HISTORY and if that’s pending then it can be seen at OPEN. (You can find HISTORY/OPEN options in MY ORDER section). Same goes with SELL also. You will be able to find all your SELL/BUY/CANCELLED orders in My Order section.

 

 

#Sell Coins →you will see a format like below (in Red):-

 

 

At Price (inr/usdt) (at price you will sell coin)

 

Amount (coin name) (quantity of coin) (you can enter the coin quantity here too 1,2,3 etc. You will see their value in TOTAL.

 

Total (inr/usdt) (here you have to enter the amount which you want to sell let’s say 100₹ ,500₹ ,1000₹ etc, you will see the amount of coin you can sell by those rupees in AMOUNT section (just above)

 

 

Now some people will say that their order is showing OPEN and it’s been 5-10 minutes what to do our Buy/sell is still pending ? and we need it to purchase/sell right now instant. For them simple formula is that they should enter the amount  at ‘At Price’  a bit higher than shown in Upper Right Hand in case of BUY and bit lower in case of SELL.

 

Let’s make it simpler for you by an example →

 

Suppose the price of a coin is ₹114 . It’s showing ₹114  (upper right hand corner) when you touched the BUY button to purchase coin. Just enter ₹114.5 or ₹115 there instead of ₹114, summary is that buy at bit high price if you want an instant buy.

 

Opposite goes for SELL, sell at lower prices to sell fast. Suppose sell price of a coin is ₹114 , sell it at ₹113.5 or ₹113, it will be sold instantaneously.

 

Keep checking the prices at Upper Right Hand corner and enter the amount acoordingly. Cheat is that buy at bit higher price , sell at bit lower price for instant transaction.

This is like you are going to a shop and It’s too crowded, you asked shopper that take 5₹ more but give me fruits faster than other people (this happens when you Buy coins). He will charge you more buy you will get your Fruits (here coins) quickly.

 

In case of Selling coins, you are going to a shopkeeper and telling him/her to purchase your goods/items faster than others. He will say he will give you less money as compared to others if you want fast selling because it’s too crowded and it will take time. So what you did do, you sold your item at lower prices but your item is sold instantaneously. Same goes with selling of coins,You will get 10-20₹ less but your coin will be sold quickly.

 

 

These examples are the brainchild of me 😂 not logical but tried to let you understand.

 

 

 

Wazirx Sections (what they are for ?) →

 

CHARTS → in the shape of histograms, to show you buy/sell rates and volumes. For the idea.

 

ORDERS →basically the digital form of Chart (how much volume sold/bought)

 

 

TRADES→real time sell/buy of coin.

 

 

MY ORDER→ You will see two option :

 

(1)  OPEN → it means if you have Sold/Bought some coin and that’s still pending, it be shown in Open orders ,you can cancel them.

 

(2)  HISTORY → Your successful orders, what you bought, what you sold, what you canceled. Everything will be shown there with price and money.

 

 

 

Some other Miscellaneous Queries→

 

How to buy USDT?  Go to markets→ then search for USDT/INR → Buy USDT and done. Now you can buy coins which can only be bought through USDT.

 

There are some other Functions like Limit/Stop Limit/P2P etc. Once you get into the system you will be able to know. I will update this post further for these terms.