After the supreme court invalidated the Reserve Bank of India (RBI) ban on digital currencies in India, the crypto market witnessed a huge engagement of people around the country. Ever since some newcomers are also taking quite an interest in the entire trading while some have begun to make the selling happen on WazirX App. Well, if you are searching for the exact ways to sell these virtual currencies on the said app, then this article could help you. Here, we are providing a step by step guide to sell Bitcoin and other Cryptocurrencies on WazirX.
What is WazirX App?
It is a platform where many cryptocurrencies can be exchanged. Yes, whether a person has to sell his digital coins or purchase them from a seller, this cryptocurrency online exchange platform will make the work easier. WazirX helps the investors to trade easily with help of their respective national currency. The usage of this crypto trading app begun on 18th March and since then, its popularity has been growing rapidly. Though it’s pretty easy to use, sometimes the sudden high traffic from numerous investors cause the app to slow down a bit.
How to sell Bitcoin or other cryptos on WazirX?
Now, coming on to the section you might have come here for. To sell any cryptocurrency on the WazirX app, you must have to own that coin. The reason why people even sell their cryptos in the first place is that they need to invest in other currency by exchanging their existing ones with the newer ones. Though some people also sell their currency to earn profit. So, if you are wondering how to make your first selling of cryptocurrencies on WazirX then check these steps mentioned below.
- Visit the WazirX website and download WazirX App from there.
- Once you open the app, you will see the “Funds” option. Click on that option.
- After clicking, all the currencies you have bought so far would be seen in that option with their respective currency, you used to make the purchase.
- Next, you have to pick the cryptocurrency you are planning to sell.
- Once you click the crypto coin, you would see two options, “Buy” and “Sell”.
- Click the “Sell” option there and then another section will appear where you have to choose the amount you are willing to sell the coin at.
- With the selection of the amount, your order will be placed.
- Your order will proceed once the market price of that crypto coin matches the amount you had selected.
- As your selling will complete, you can withdraw the INR through your bank account.
There are certain charges for making the transaction on the WazirX app as well. Yes, you will have to spend 0.2 per cent as the app charges this amount as a commission. However, the crypto exchange platform is one of those apps that charges the lowest crypto commissions. Other than that, a person will have to pay around Rs. 5 for depositing of money while Rs. 5 to 10 is the charge to withdraw the money from the said app. The charges also depend on the method of your money withdrawal.