Your expert: Alejandro Borja
Investing risks losing your money
Your expert: Xavier Tarrasó
Investing risks losing your money
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Wazirx | FEATURES | Coinjar |
|---|---|---|
|
WazirX allows users to begin trading with relatively small amounts, making it an accessible option for beginners and those looking to test the waters without significant initial investments. |
Minimum Trade |
CoinJar allows users to trade with small minimums, making it accessible for beginners to start with lower risk. |
|
WazirX charges a flat fee of 0.2% on all trades, which is competitive; however, a lack of fee tiering can deter high-volume traders who typically benefit from reduced rates in other exchanges. |
Trading and Transaction Fees |
The fees are slightly higher than some competitors, which could be a disadvantage for frequent traders. |
|
The platform supports a broad array of cryptocurrencies, providing users with ample opportunities to diversify their portfolios with both popular and less mainstream tokens. |
Number of Cryptocurrencies |
CoinJar offers a solid range of cryptocurrencies, providing good options for users looking to diversify their portfolios. |
|
Offers a substantial number of trading pairs, which is beneficial for traders looking to capitalize on market movements across various cryptocurrencies. |
Crypto-to-Crypto Trading Pairs |
It supports various trading pairs, allowing users to trade directly between cryptos without converting to fiat first. |
|
Generally, WazirX maintains a transparent approach with visible fee structures and trading terms; however, improvements could be made in the visibility of wallet safety and fund security protocols. |
Website Transparency |
The website is clear and informative, providing all necessary information about fees, services, and trading options without hidden details. |
|
WazirX lacks an exchange card, limiting flexibility in utilizing crypto assets for everyday transactions and benefits. |
Credit/Debit Card |
nJar offers a prepaid Mastercard that allows users to spend their cryptocurrency in-store and online wherever Mastercard is accepted. The card supports over 50 cryptocurrencies and integrates with Apple Pay and Google Pay. |
|
Provides robust storage options with an emphasis on security; includes both hot and cold wallet solutions to ensure the safety of user assets. |
Storage Offering |
Provides excellent digital wallet services with robust security measures, ensuring the safety of user assets. |
|
While WazirX offers staking options, the variety and rewards rates are less competitive when compared with larger platforms that specialize in staking and yield farming. |
Staking and Rewards |
Offers some options for staking and rewards but may not be as competitive or extensive as other platforms. |
|
Both the mobile app and desktop platform are well-designed, offering intuitive navigation and comprehensive functionality that meets the needs of most traders. |
Mobile App and Desktop |
Both the mobile app and desktop platform are user-friendly and well-designed, offering a seamless trading experience. |
|
The platform’s customer service is an area needing improvement, with reported delays in response times and issues with the effectiveness of the solutions provided. |
Customer Service |
Generally receives good reviews for customer service, though response times can vary during peak times. |
|
Deposits and withdrawals are processed efficiently, especially for INR transactions. However, the platform could expand its support for additional fiat currencies to enhance user convenience further. |
Deposit and Withdraw |
CoinJar supports multiple methods for deposit and withdrawal, including bank transfers and digital wallets, though fees may apply. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
