Question 1

Is WazirX safe to use after the 2024 security incident?

Accepted Answer

WazirX suffered a $235M hack in July 2024. The exchange has since suspended withdrawals and is undergoing restructuring. Use with caution — do not keep large funds on WazirX until full recovery is confirmed.

Question 2

Does WazirX deduct TDS automatically?

Accepted Answer

Yes. WazirX automatically deducts 1% TDS on sell transactions above the threshold. However, given ongoing operational issues, verify your TDS status in Form 26AS before filing ITR.

Question 3

Can I withdraw my funds from WazirX?

Accepted Answer

As of 2025, WazirX has partial withdrawal restrictions following the 2024 hack. Check the official WazirX blog and app for current withdrawal status before making transactions.

Question 4

Is WazirX registered in India?

Accepted Answer

Yes. WazirX is registered with India's FIU-IND and is a Binance-affiliated exchange. However, it is currently undergoing legal and operational restructuring following the 2024 security breach.

Question 5

What coins are available on WazirX?

Accepted Answer

WazirX supports 200+ coins including all major coins (BTC, ETH, SOL) and many Indian rupee trading pairs. The platform is particularly well-known for listing Indian crypto projects early.

Question 6

How do I calculate tax on WazirX trades?

Accepted Answer

Download your WazirX trade history from Profile → Reports → Trade History. Import the CSV into our free Crypto Tax Calculator to calculate your 30% tax + 4% cess liability under Section 115BBH.

Maker Fee	0.20%
Taker Fee	0.20%
INR Deposit Methods	UPI, Bank Transfer
INR Withdrawal Fee	₹0 (UPI)
Crypto Withdrawal Fee	Network fee varies
KYC Required	Yes — mandatory
TDS Handling	✅ Auto-deducted

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