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WazirX P2P improvements: Payment remarks + Multiple buy orders

By September 25, 20192 minute read

Namaste Tribe! At WazirX, customer feedback is our number 1 way of improving the product. Weโ€™ve been closely talking to many of you, understanding your requirements and figuring out solutions. Here are two major requests that popped out in our discussion with the community:

  1. Find a faster and safer way for sellers to confirm their P2P orders
  2. Increase the number of open orders you can have in P2P

Solution 1: Paymentย Remarks

This is the most wanted feature for WazirX P2P, and weโ€™re happy to share that itโ€™s now available for everyone! โ€œPayment Remarksโ€ solves two major problems.

  1. It helps the seller confirm a transaction faster, especially if they are dealing with multiple buyers
  2. It ensures that buyers only enter this special โ€œPayment Remarksโ€ and do not enter keywords that get you in trouble with your banks (Iโ€™m sure you all know why such keywords should not be entered in the remarks)

Letโ€™s say, youโ€™re a P2P buyer looking to buy USDT with INR. When you go to WazirX P2P to make payment to the seller, youโ€™ll see โ€œPayment Remarksโ€ along with the sellerโ€™s name, account number, amount and such details. You have to enter the remarks in the banking app you will use to make payment to the seller.

What a P2P buyerย sees
What a P2P sellerย sees

Click here to share this news with the community.

Solution 2: Multiple orders forย buyers

We have improved our P2P system further such that it analyses a P2P buyerโ€™s past behaviour, and based on the same, it lets buyers place multiple orders on P2P. Until now, the maximum multiple orders was 2. Weโ€™re happy to say that now you can place up to 4 buy orders on P2P if you have a certain portfolio value in your WazirX account.

๐Ÿ‘‰ Buyers with a portfolio value of โ‚น15,000 can place orders for up to 4500 USDT
๐Ÿ‘‰ Buyers with a portfolio value of โ‚น20,000 can place orders for up to 6000 USDT

Weโ€™re making more and more changes to make trading on WazirX seamless for you. If youโ€™ve got more feedback, do tweet to us @WazirXIndia!


Siddharth Menon, Co-founder & Head of Productโ€Šโ€”โ€ŠWazirX. The world needs to get on to the crypto evolution asap. Follow me onย Twitter
*Above content is migrated from medium to wazirx blog
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