Your expert: Alejandro Borja
Investing risks losing your money
Your expert: Xavier Tarrasó
Investing risks losing your money
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Wazirx | FEATURES | Paribu |
|---|---|---|
|
WazirX allows users to begin trading with relatively small amounts, making it an accessible option for beginners and those looking to test the waters without significant initial investments. |
Minimum Trade |
Paribu allows trading with very low minimum thresholds, making it accessible for beginners and those with limited capital. |
|
WazirX charges a flat fee of 0.2% on all trades, which is competitive; however, a lack of fee tiering can deter high-volume traders who typically benefit from reduced rates in other exchanges. |
Trading and Transaction Fees |
Paribu’s fees are slightly above average, but it offers reductions for higher volume traders, balancing cost with trading activity. |
|
The platform supports a broad array of cryptocurrencies, providing users with ample opportunities to diversify their portfolios with both popular and less mainstream tokens. |
Number of Cryptocurrencies |
Paribu offers a moderate variety of cryptocurrencies, primarily focusing on major ones, which might limit options for those looking to trade less common coins. |
|
Offers a substantial number of trading pairs, which is beneficial for traders looking to capitalize on market movements across various cryptocurrencies. |
Crypto-to-Crypto Trading Pairs |
The platform has limited crypto-to-crypto pairs, focusing mainly on fiat to crypto transactions, which could be a downside for versatile traders. |
|
Generally, WazirX maintains a transparent approach with visible fee structures and trading terms; however, improvements could be made in the visibility of wallet safety and fund security protocols. |
Website Transparency |
The website provides clear information about trading conditions and fees, though some details about governance and operations could be more comprehensive. |
|
WazirX lacks an exchange card, limiting flexibility in utilizing crypto assets for everyday transactions and benefits. |
Credit/Debit Card |
As Paribu focuses primarily on cryptocurrency trading within the Turkish market, the absence of an exchange card limits the utility and flexibility for users seeking integrated financial services like spending crypto directly for purchases or earning rewards. This could be an area for potential development to enhance user engagement and overall platform utility. |
|
Provides robust storage options with an emphasis on security; includes both hot and cold wallet solutions to ensure the safety of user assets. |
Storage Offering |
Offers secure storage solutions, but lacks some advanced security features like multi-sig wallets or insurance on assets. |
|
While WazirX offers staking options, the variety and rewards rates are less competitive when compared with larger platforms that specialize in staking and yield farming. |
Staking and Rewards |
Limited staking options are available, which might not cater to users looking to earn through staking or participation in network security. |
|
Both the mobile app and desktop platform are well-designed, offering intuitive navigation and comprehensive functionality that meets the needs of most traders. |
Mobile App and Desktop |
Both mobile and desktop platforms are user-friendly and well-designed, offering good usability but lacking some advanced trading tools. |
|
The platform’s customer service is an area needing improvement, with reported delays in response times and issues with the effectiveness of the solutions provided. |
Customer Service |
Excellent customer service with 24/7 availability and multiple support channels, including direct responses. |
|
Deposits and withdrawals are processed efficiently, especially for INR transactions. However, the platform could expand its support for additional fiat currencies to enhance user convenience further. |
Deposit and Withdraw |
Offers multiple deposit and withdrawal methods but can improve by adding more international options and reducing fees for certain transactions. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
