Comparison of Wazirx vs Orbix [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Wazirx vs Orbix comparison!

Your expert: Alejandro Borja

wazirx

Wazirx

  • Threenvest valuation: 3,9/5
  • US legal: No
  • Security: High 4,6/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

orbix

Orbix

  • Threenvest valuation: 3,5/5
  • US legal: No
  • Security: High 4,5/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Main points

Fees

0,20%

Earns

No

Customer service

4/5

Fees

Yes

Earns

3/5

Customer service


Recommended for

Beginners

Yes

Trading

Yes

Passive income

No

Buy and hold

Yes
No

Beginners

No

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.0 – Competitive fees with additional rewards for using the native token.
4.0 – Competitive fees with additional benefits for high-volume trading.

Level

0,20%

Brief explanation

WazirX structures its commissions to be competitive within the cryptocurrency exchange market, particularly appealing to Indian traders. The platform charges a flat fee of 0.2% per transaction, which applies to both makers and takers. This straightforward, no-tier fee structure makes it easy for users to understand exactly what they will pay per trade, without any hidden complexities. Additionally, deposit fees are free for cryptocurrencies, but there may be small charges for fiat transactions depending on the method used, and withdrawal fees vary by cryptocurrency, reflecting network fees rather than platform charges.
Orbix maintains a competitive but variable commission structure that aligns with industry standards, aiming to cater to both novice and experienced traders. Trading and transaction fees are designed to be cost-effective, although not the lowest when compared to other major players in the market. The fees vary depending on the type of transaction, whether it involves fiat-to-crypto or crypto-to-crypto trades. For direct fiat transactions, users may face additional costs, especially when using credit or debit cards, which are subject to higher fees due to processing charges. Orbix’s commitment to transparency ensures that all fee structures are clearly communicated on their website, allowing traders to make informed financial decisions before executing trades.

Wazirx

wazirx
Read wazirx review
  • Year founded: WazirX was established in 2017, quickly becoming a key player in the Indian cryptocurrency space, demonstrating robust growth and longevity in a highly volatile market.
  • Security methods: WazirX employs a comprehensive set of security measures, including two-factor authentication (2FA) and regular security audits, ensuring a secure trading environment for its users.
  • Volume managed and trading volume and liquidity: Since its acquisition by Binance, WazirX has seen substantial increases in its trading volumes, benefiting from Binance’s high liquidity pools which enhance trading efficiency and price stability on the platform.
  • Reputation and Reviews: The platform is well-regarded in the Indian cryptocurrency community, known for its user-friendly interface and reliability. Its strategic partnership with Binance further boosts its credibility among users.
  • Customer service: WazirX offers a dedicated support team and has a comprehensive FAQ and support section that addresses common issues and guides new users through the trading process, contributing to a supportive user experience.
  • Pros
  • Supports numerous cryptocurrencies.
  • User-friendly interface.
  • INR deposits and withdrawals.
  • Cons
  • Occasional technical glitches.
  • Slow customer support.

Read wazirx review

Orbix

orbix
Read wazirx review
  • Security Methods: Orbix implements state-of-the-art security protocols, including multi-factor authentication and advanced encryption technologies, ensuring that users' funds and personal data are protected against unauthorized access.
  • Reputation and Reviews: Orbix has consistently received positive feedback from its users for its user-friendly interface and robust security measures. The platform is well-regarded in the cryptocurrency community for its reliability and commitment to user satisfaction.
  • Transparency: The exchange operates with high levels of transparency, regularly updating users about new features, security enhancements, and operational changes. This open communication helps build trust and credibility among its user base.
  • Trading Volume and Liquidity Orbix boasts significant trading volumes and liquidity, which ensures that users can execute trades quickly and at their desired prices, minimizing the cost of slippage and providing a better trading experience.
  • Regulation: Orbix complies with applicable regulatory frameworks, enhancing its legitimacy and safeguarding user interests. This adherence to legal standards reassures users that the exchange is operating under stringent guidelines to ensure fair and secure trading.
  • Pros
  • User-friendly, intuitive platform interface.
  • Robust, comprehensive security measures.
  • Accessible for cryptocurrency beginners.
  • Cons
  • Limited customer support responsiveness.
  • Fewer cryptocurrency options available.

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Product selection

Native token

Token WRX
No

Earns

No
Yes

NFT marketplace

Yes
No

Cripto/debit card

Yes
No

Company information

Full name

Zanmai Labs Private Limited
Unknown

Regulation

Not regulated
Not regulated

Year founded

2018
Unknown

Founder

Nischal Shetty
Unknown

Payment methods

Transfers

Yes
No

Mastercard

Yes
No

Wire transfer

Yes
No

Card

Yes
No

Comparative table

Wazirx FEATURES Orbix
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
Orbix allows for relatively low minimum trade amounts, making it accessible for beginners.
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
Fees are competitive, but could be improved to match lower fee structures offered by other exchanges.
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
Offers a moderate variety of cryptocurrencies, suitable for most traders but less than larger exchanges.
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
Orbix provides a decent selection of crypto-to-crypto pairs, though not as extensive as some competitors.
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 about fees, policies, and trading options, enhancing user trust.
WazirX lacks an exchange card, limiting flexibility in utilizing crypto assets for everyday transactions and benefits.
Credit/Debit Card
Orbix does not currently offer its own exchange card for customers to use for in-store purchases or to receive benefits.
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 secure storage options with advanced security measures to protect 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 competitive staking options and rewards, encouraging longer-term investment on the platform.
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 mobile and desktop platforms are highly user-friendly, offering full functionality with ease.
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
Customer support is available but response times can be slow; an area that needs improvement.
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
Deposits and withdrawals are handled efficiently, though improvements could be made in fee structure.

Key features

Analysis tools

Basic charting tools
Unknown

Mobile APP

Yes
No

Security

High 4,6/5
High 4,5/5

Additional features

Staking, WazirX token (WRX) rewards, WazirX Earn, fiat on/off ramps
Margin trading, futures trading, staking, Orbix Earn

Anonymity

No
Yes

Key points

Available cryptocurrencies

100+
Limited, primarily derivatives

User-friendliness

WazirX provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.
Orbix offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides good value for money with competitive fees and a wide range of supported cryptocurrencies, making it an affordable choice for Indian users.
Provides decent value for money with competitive fees and a user-friendly interface, though it may lack some advanced features.

Countries of operation

India, United States, Canada, United Kingdom, Australia
United States, Canada, United Kingdom, Australia, Singapore

Best for

Ideal for Indian investors seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.
Ideal for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.

Base currencies available

INR, USDT
Not widely known

Account

Trading

WazirX is one of the largest exchanges in India, offering a wide range of cryptocurrencies and easy fiat integration. It has competitive fees and a user-friendly platform but has faced regulatory challenges.
Orbix provides a secure and user-friendly platform with a good selection of cryptocurrencies. It offers competitive fees but lacks some advanced trading features.

Deposit and withdrawal

WazirX is one of the largest exchanges in India, offering a wide range of deposit methods. Withdrawals are processed quickly, with competitive fees.
Orbix supports various deposit and withdrawal methods, including bank transfers and crypto. Withdrawals are processed efficiently, with low fees.

Account opening process

WazirX offers a straightforward and user-friendly account opening process. Users need to provide personal information and verify their identity. The process is efficient and typically takes less than a day to complete.
Orbix provides a straightforward and fully digital account registration process. Users need to submit personal details and verify their identity. The process is quick and usually takes less than a day to complete.

KYC required?

Yes
No

Customer Service

WazirX offers extensive customer support via email, live chat, and phone. The support team is responsive and available 24/7, making it reliable for users in India.
Orbix provides support through email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

WazirX offers comprehensive security measures, including 2FA and cold storage. It is regulated by Indian authorities, ensuring high security for investors.
Orbix employs robust security features, including 2FA and encryption. However, it is not regulated by major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As one of the experts reviewing WazirX, I recommend this platform for Indian users looking for a straightforward entry into the world of cryptocurrencies. Its integration with Binance enhances liquidity and provides a robust range of trading options, which is beneficial for both novice and experienced traders. However, be mindful of occasional technical issues and prepare for potential delays in customer service response times. Overall, WazirX stands as a solid choice, especially if you value an easy-to-navigate interface and a wide selection of crypto assets.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As a Threenvest expert, I find Orbix to be a reliable choice for those entering the cryptocurrency trading space or looking to diversify their trading strategies. While it offers robust security features and an intuitive interface, I recommend potential users to consider the limitations in terms of cryptocurrency variety and geographical availability. For those able to access and utilize its services, Orbix could indeed be a valuable addition to your trading toolkit.

View all comparisons against Wazirx

View all comparisons against Orbix

How do we review crypto exchanges?

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.

Risk Disclaimer

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.

More comparatives Wazirx and Orbix