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Enhanced Trading Experience: Revised Trading Fees at WazirX

By May 19, 2023May 31st, 20233 minute read

At WazirX, we are committed to providing our valued users with a seamless and rewarding trading experience. That’s why we are excited to announce the revision of our trading fees in the INR market. In this blog post, we will walk you through the details of the revised fee structure and how it can benefit you as a trader.

Revised Fee Structure

Effective from 22 May 2023, 12 PM IST, the trading fees will be calculated based on your last 30 days’ Trading Volume in the INR pairs and your WRX holdings. We have developed a transparent and user-friendly fee schedule categorized by different trading volume brackets. 

Your trading fee slab is dynamic in nature and is refreshed every day based on your WRX holdings and trading volume in the previous 30 days.

WazirX Fee Structure

Trading Fees Based on WRX Holdings on WazirX*
Trading Volume in INR pairs** (Last 30 Days)0 – 500 WRX Holdings500 – 10,000 WRX Holdings10,000 – 50,000 WRX Holdings50,000+ WRX Holdings
₹ 0 – 5lacs0.40%0.34%0.30%0.20%
₹ 5lacs – 1cr0.35%0.30%0.26%0.18%
₹ 1cr – 2cr0.30%0.26%0.23%0.15%
₹ 2cr – 3.5cr0.25%0.21%0.19%0.13%
₹ 3.5cr+0.20%0.17%0.15%0.10%
*GST and applicable taxes extra
** Crypto to Crypto & P2P trade volume will not be considered

To understand the revised fee rates comprehensively, please refer to the attached example. This fee schedule will provide clear insights into the fees applicable to your specific trading volume.

Example

Let’s say today is 18 May, and your last 30 days’ trading volume (trading volume between 18 April and 17 May) in INR pairs is Rs 1.32 crores. Additionally, you currently (as on 18 May) hold 11,535.98 WRX tokens.

Now, based on your trading activity and token holdings, you’ll be charged a trading fee of 0.23% for your future trades. It’s important to note that this fee is not fixed and will change depending on your trading volume during the last 30 days and the number of WRX tokens you hold. 

To better understand the information, please refer to the image below, which presents the data in a tabular format.

Trade Big, Save Bigger

We believe in rewarding our active traders and holders. With the revised fee structure, the more you trade crypto and HODL WRX, the less you pay in fees. By aligning the fees with your trading activity, we aim to offer you a more competitive and cost-effective trading environment.

Customer Support

We understand that you may have questions or concerns regarding the revised trading fees. Our dedicated customer support team is available to assist you. You can reach out to us through our support portal, and we will be happy to provide you with any necessary guidance or clarifications.

Conclusion

At WazirX, our priority is to enhance your trading experience continuously. The revised trading fees based on your last 30 days’ trading Volume in INR and WRX holdings aim to provide you with greater transparency and rewards. We encourage you to explore the updated fee structure and take advantage of the opportunity to trade big and save bigger.

Thank you for your continued support, and we look forward to serving you with an improved fee structure that aligns with your trading goals.

Happy trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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