Binance.US vs WazirX

How Binance.US vs WazirX compare on our ratings, exchange specs, funding, pros and cons.

VS
WazirX3.0/5
Feature
Ratings
Our score4.1/53.0/5
User ratingNo reviews yetNo reviews yet
Fees5.04.0
Security & trust4.01.5
Asset selection4.04.0
Ease of use4.03.5
Support3.53.0
Specs
MarketsSpot, OTCSpot, Futures
Maker fee0%Not disclosed
Taker fee0.02%Not disclosed
Coins listed200300
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHBank transfer
KYC required Yes Yes
Accepts US customers YesNot disclosed
Proof of reserves YesNot disclosed
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesFIU-IND registration, India
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certifiedMandatory two-factor authentication, End-to-end encryption, BitGo custody
Futures & perpetuals No Yes
Max leverage (x)Not disclosed150
Copy trading NoNot disclosed
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund NoNot disclosed
Referral program Yes Yes
Company
Founded20192018
HeadquartersUnited StatesIndia
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1Not disclosed
Strengths and weaknesses
Pros
  • 0% maker fees across all 250+ spot trading pairs
  • Zero-fee fiat deposits and withdrawals through bank ACH transfers
  • SOC 2 Type II and ISO 27001 third-party security audits
  • Staking support across 25+ proof-of-stake cryptocurrencies
  • FIU-IND registered crypto exchange operating in India
  • Perpetual futures markets with leverage up to 150x
  • Zero-fee spot trading available for ₹99 per month
  • Supports direct INR bank transfers via IMPS, NEFT, and RTGS
Cons
  • Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas
  • ACH fiat deposits carry a mandatory 7-day withdrawal hold
  • Centralized custody model requires full trust in the exchange for fund safety
  • Mandatory KYC identity verification required before trading or depositing
  • Suffered a 2024 cyberattack leading to asset shortfalls
  • User balances remain subject to ongoing restructuring and rebalancing
  • Mandatory KYC prevents non-verified or anonymous trading
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsIndian crypto spot traders, INR-settled futures traders, High-volume traders using monthly subscriptions

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