WazirX — Building India’s most trusted Bitcoin & cryptocurrency exchange

Nischal Shetty
Feb 1, 2018 · 3 min read

Namaste Everyone! I’m Nischal and I’m the founder of WazirX. I’ve been building products for the last 10 years. I’ve been on and off the blockchain right from the beginning. It started with mining in 2009 and then trying out new international bitcoin wallets that popped up in 2012–2013. But 2017 was the year when I was completely sucked in to the Blockchain rabbit hole and I decided to build a cryptocurrency exchange for India.

Building a cryptocurrency exchange wasn’t the first thought that hit my head though. I had tons of ideas and even started executing on a completely different plan. However, the more I used the existing crypto exchanges in India, the more frustrating it was.

If the frustrating experience of sub standard product wasn’t enough, I was surprised to see how opaque most of the exchanges were in terms of communicating with their users.

When dealing with other people’s money, transparency is the best way forward. People trust us with their money, we need to provide them with clear information on what’s happening behind the scenes, why something’s not working right, what features we’re building, what fees we charge them etc. It’s also our responsibility to inform users prior to making changes that affect them.

This frustration due to a string of bad experiences led me to take up the challenge of building a crypto exchange for India. My team and I know this isn’t a trivial problem to solve but we’ve always loved challenges. The challenge of building a global product from India and scaling it to 19 Million users was something we’ve been successfully solving all this while with Crowdfire.

WazirX is the start of a brand new journey for us. Wazir is the queen piece in chess. It’s the strongest piece and can play any move. With WazirX, we want to provide you with the most powerful piece of cryptocurrency trading software you deserve! We want to provide every Indian with a product that surpasses every other global product in terms of quality. We want to make sure we involve the community while building this product so that we build it in the right way.

Two Big Announcements

To stay true on my commitment to all our users and the cryptocurrency community in India, I’m making two big announcements today.

  1. India’s first coin backed by a cryptocurrency exchange

We’re launching WRX, a brand new coin which will be an integral part of our trading platform in the future. We have great plans for WRX and we’ll reveal them to you over time.

2. The Great 150 Million WRX Giveaway

We believe users make or break a product. This is the reason why we’ve decided to reward our early adopters with WRX. We’ve reserved a huge chunk of the coins (15% of the total supply) exclusively for you, our community members. If everyone from the community trades actively on WazirX then we’ll be able to take WRX to the moon

With these two initiatives I want to give every Indian an opportunity to be part of our success by earning WRX coins for Free. When you pre signup to WazirX you’ll get 500 WRX coins. You will also have your own way of spreading the news further and making your family and friends part of the give away through the referral program.

That’s the ethos of crypto and blockchain — To share the wealth instead of hoarding it.

Blockchain is a technological innovation that does not come around often. Once in a lifetime does a generation get to be part of something that brings about a paradigm shift in the world. While India has been a follower of trends, I believe we can be the frontrunners in the crypto adoption. If we adopt the blockchain in the right way then we have a chance at being a super power in the near future. Every Indian right now is learning how this works and we envision WazirX as the gateway for their entry into the Blockchain world.

Expect us to be very vocal about what’s happening in the Blockchain space in India. We’re just getting started and we need your help in getting every Indian on to the Blockchain. If you’re involved with spreading the word about crypto in India, then feel free to get in touch with me on Twitter. Happy to discuss collaborations!

If you haven’t signed up for WazirX yet, you can do so by clicking here.

Jai Hind!

WazirX

Building India's Most Trusted Bitcoin Cryptocurrency…

Nischal Shetty

Written by

Founder, CEO @WazirXIndia + @Crowdfire — Product + Tech guy — Forbes 30 under 30 — Building India’s most trusted cryptocurrency exchange.

WazirX

WazirX

Building India's Most Trusted Bitcoin Cryptocurrency Exchange

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