How to withdraw money in WazirX? A step by step guide to withdraw funds back into the bank

WazirX is one of India's premier crypto exchanges with over 2 million users. crypto industry has boomed in India over past years since Supreme Court reversed RBI's ban on cryptocurrencies. However, recently many crypto exchanges have been facing problems with payment services from banks, as banks have refused to offer services to companies dealing with cryptocurrencies. Recently, WazirX has opted to use Mobikwik as ir payment provider and users can deposit money through Mobikwik. However, all se issues have created doubt among users about security of ir funds, but WazirX has reported that withdrawals have been unaffected. Re on to know how to withdraw money in WazirX. 

How to withdraw money in WazirX? Is WazirX safe?

WazirX is one of safest crypto exchanges in India, and have highest number of users, as compared to or crypto exchanges. WazirX withdrawal process is quite easy. However, users should note that y need to have ir bank account registered along with KYC process completed before y can withdraw funds from WazirX exchange. Here is step by step process to withdraw money from WazirX. 

• Step 1 - Open WazirX app, and tap on 'Funds' option. 
• Step 2 - If you need to sell any of your coins, you can choose to sell m to convert your crypto into Rupees.
• Step 3 - Your funds in rupees will be visible in funds section. on INR option and you will be able to see your account transactions, deposits and withdrawals. 
• Step 4 - At bottom of screen, you will be able to see two option, 'Deposit' and 'Withdrawl'. 
• Step 5 - on withdrawal option, and you will be taken to a new screen, where you will be able to enter amount you need to withdraw. Enter amount and submit. 
• Step 6 - You will receive an email, where you have to verify withdrawal. Once you have verified, funds will be reflected in your account shortly. 

However, users should note that re are WazirX withdrawal charges that users should be aware of. re are two withdrawal option, NEFT which has a 5 rupee and withdrawal can take longer. On or hand, instant withdrawal option has a 10 rupee fee, but funds are deposited instantly. Many people often face 'WazirX withdrawal rejected' issue, which can be caused by users supplying incorrect bank details to WazirX or WazirX bank servers being down. However, WazirX ensures that users funds are safe and you can contact ir support team in app to clarify any query. 

DISCLAIMER:  information provided on this website is for educational and entertainment purposes. information provided on this website does not constitute investment vice, financial vice or tring vice. Republic World does not recommend purchasing any cryptocurrency. Crypto markets are highly volatile and crypto investments are risky. Reers should do ir own research on cryptocurrencies and consult ir financial viser before making any crypto investments. 

IMAGE: WAZIRX TWITTER