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
Comparison sponsored by the best exchange
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| Wazirx | FEATURES | Yellow Card |
|---|---|---|
|
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 |
Yellow Card supports relatively low minimum trades, making it accessible for beginners who might want to start small. |
|
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 |
The platform offers competitive fees, though not the lowest in the market. This could be more attractive with clearer fee structures. |
|
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 |
Offers only a limited selection of cryptocurrencies, which could be a limitation for those looking to trade beyond the most popular 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 |
Limited trading pairs are available, focusing primarily on major cryptocurrencies, which restricts trading strategies. |
|
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 |
Yellow Card’s website provides clear information about their services and fees, enhancing user trust. |
|
WazirX lacks an exchange card, limiting flexibility in utilizing crypto assets for everyday transactions and benefits. |
Credit/Debit Card |
Yellow Card lacks an exchange card, missing an opportunity to extend additional benefits and conveniences to its users. |
|
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 |
Provides secure storage options, though details on cold storage or insurance would enhance user confidence further. |
|
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 |
Offers basic staking services but lacks the variety and competitive rates found on more established platforms. |
|
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 highly functional, suitable for traders on-the-go or at home. |
|
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 |
Generally responsive and helpful customer service, although peak times can see slower 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 |
Supports multiple deposit and withdrawal methods, though some users may find the options limited compared to larger exchanges. |
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.
