How to use Wazirx App and do trading?

wazirx app kaise use kare and how to do trading? Stay with us in the article to know. In the previous post, I had given a lot of information related to what is wazirx and how to create an account.

If you do not have information about wazirX, then you can read that post by clicking on the link given below, after reading this post, then everything will be well understood.

To use WazirX, you should be aware of all its features, then only you will be able to use it easily and will be able to trade. so let’s know guys

How to use Wazirx App?

As soon as you create your account in WazirX and open this app, you will see many options. All the options you need to know to use Wazirx

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Profile Settings

The Profile Settings Icon will appear on the top left and right. On clicking on the Profile Settings Icon, many options will be available. Let us know in which use those options come.

1. Security

Through Security, you can set a password in the WazirX app.

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2. Payment & Banking Options

You can set Payment & Banking Options at your convenience. Through this, you can add another bank account.

3. Fee Settings

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By turning on Fee Settings, you can pay AMC charges and other charges in the form of WRX tokens.

4. Download Trade Report

Which trades you have done through Download Trade Report and how many charges are there, they can all be downloaded and seen.

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5. Trade Settings

By turning on Trade Settings, you can remove the confirmation window that opens again during the trade. That is, the currency will be bought or sold in a single tap.

6. Language

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You can change the language of WazirX by clicking on Language.

wazirx app kaise use kare

On the home page itself, you will see 4 buttons below-

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1. Quick Buy
2. Exchange
3. Orders
4. Funds

Quick Buy

By clicking on Quick Buy, many currencies will come in front of you. If you want to buy any currency without immediately viewing any chart, click on Buy.

After this, you can buy or sell it by entering the amount.

Exchange

After clicking on Exchange, you can see many things written on the top. like –

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Sign, INR, USDT, WRX, BTC.

Star symbol (🌟)

By clicking on the option of the Star symbol (🌟) below, the currency that you have added to the favorite will appear. To add coins to Star , open the currency pair. Then click on the star in front of the name of the currency above.

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INR

INR will show the currency pairs that you can buy using Indian Rupees (INR).

USDT

The currency pairs will appear in USDT that you can buy using Tether coin.

WRX

By clicking on WRX, you will see the currency pairs that you can buy using WRX. WRX is WazirX’s own coin. Which you can earn and buy in many ways.

BTC

BTC means bitcoin. If you have bitcoins, you can buy the currency pairs that appear in the BTC section.

Information about currency pairs

You can see all the information related to it by clicking on the currency pairs shown below in INR, USDT, WRX and BTC.

Click on any one currency pair to see all the information related to currency pairs. As soon as the currency pair is opened, you will see a chart, in which you can see the performance of that currency pair.

With the help of the chart, you can see how much the rate of that currency is going up or down in a given time.

To change the style of the chart, click Vol. Click on the second icon just below it, after which several chart styles will appear. From that, you can select the chart according to you.

Vol. You can change the time frame of the chart by clicking on the first icon just below it. For example, if you select 1 minute, then you will be able to see how much the price of that coin has gone up or down in 1 minute. You can select 1 hour, 2 hours etc. as per your wish.

Vol. The third option below is Indicators. From here you can easily trade by selecting different indicators.

After Indicators and just before Reset, there is a Settings icon, from where you can change the color of the chart, etc.

wazirx app kaise use kare

Order

The Orders option will appear next to Quick Buy. Ongoing to the Orders section, you will see two options above.

1. Open

In Open you will see all the orders that are currently pending. That is, if you have bought any currency then it will also appear here and if you have sold any currency then it will also be visible here.

2. History

All those orders will be visible in the history which will have been closed. That is, after buying a currency, if you have sold that currency in profit or loss, then it will be visible.

Also, if you have bought any currency by selling it, then it will also appear here. Apart from this, you will also get to see the history of canceled orders here.

Funds

Clicking on Funds will take you to the next page where you will see many options. Let’s know about them –

Total portfolio value

You will see the total portfolio value at the top i.e. the amount of money that will be added to your WazirX Account and the total amount of money you have invested in buying cryptocurrencies will appear there.

INR

All your money in INR will be shown in Indian Rupees. After clicking on INR, you will see 2 options of DEPOSIT and WITHDRAW.

You can add money to your WazirX account by clicking on DEPOSIT. You can use Net Banking and Mobikwik wallet to add money.

By clicking on WITHDRAW, you can transfer your earned money to UPI or bank account. For this you have to fill the details

WALLETS

Whatever tokens or currency you have purchased will be visible in WALLETS.

wazirx app kaise use kare

How to trade in WazirX?

Trading in WazirX means buying any coin cheaply and selling it later when its price increases.

1. To trade in WazirX, go to the Exchange option.

NOTE – Since we have added money in INR, so choose one of the currency pairs available in INR on Exchange option.

Then open whatever currency pair you want to buy.

2. By looking at the chart of the currency pair, analyze whether that currency can give you profit or not.

3

4. Now a small window will open in front of you, in which you can put the price to buy the currency according to you and enter the buying amount.

5. On the top right side of the small window, you will find one of Market or Limit written along with a small arrow. With the help of which you can change it.

6. By selecting Limit, you can put the price of buying any currency. For example, suppose she is currently running at a rate of Rs 50 and you want to buy it for 45, then by setting the limit option, put 45 in the box below the AT price.

7. After this, when the rate of that currency decreases to Rs 45, then it will be automatically bought.

8. If you select Market, then when you click on Buy, then the rate in which that currency will be running, will be bought immediately at the same rate.

9. Enter the amount of currency you want to buy in the box below Amount. For example – if you want to buy 5 coin then write 5.

10. After this, in the box below Automatic Total, the amount will be written as required to buy that currency. For example, if you want to buy 5 coins at the rate of Rs 45, then you will automatically write Rs 225 in the total.

11. You can trade directly using 25% or 50% or 75% of your total capital by clicking on 25%, 50% etc.

After selecting it, you will not have to fill the currency amount. Amount will come automatically according to your capital.

12. After setting everything up, click on Buy. Then slide on the option of Slide to Confirm from left to right.

13. Order will be placed after doing this. Now if that currency comes down on your limit rate then your coin will be bought.

14. After this, you can see that currency by going to the order section. If it has been bought and is showing in profit, then sell it.

How to sell currency in WazirX

1. To sell the purchased currency, first go to the Exchange. Then click on the same currency that you may have already purchased.

2. Then click on Buy/Sell. Now click on Sell option next to Buy.

3. Now set the Market or Limit order as mentioned above.

4. Then click on Sell. Then confirm the order by sliding from left to right.

4. If you have selected the market then your coin will be sold immediately

5. And if the limit is selected, then when the price of that coin is equal to the rate set by you, then it will be sold.

How to Cancel Order in WazirX?

Suppose the rate at which you would have placed the order to buy the currency, before the buy, the rate of the currency has increased many times more than that, then in such a situation how long will you wait for the rate to go down.

In such a situation, you should cancel the order. To cancel the order, go to the section of Order. Then click on the currency for which you want to cancel the order. Then click on Cancel Order. Then click on Confirm. Your order will be canceled.