#WazirX #WazirXZero #CryptoTrading #FixedFee #CryptocurrencyExchange #NischalShetty #TradingModel #CryptoIndia
Mumbai: WazirX has introduced a major change to its fee structure with the launch of WazirX Zero, a new trading model that completely replaces traditional per-order transaction charges with a flat, fixed monthly fee.
Under the new model, users will be allowed to trade unlimited volumes across more than 300 tokens for a fixed cost of just ₹99 per month. This fixed fee structure now serves as the default trading model on the platform.
🔄 A Shift from Volume-Linked Fees
The launch of WazirX Zero marks a significant departure from the cryptocurrency industry’s conventional volume-linked revenue structure, where exchanges typically charge a percentage fee on every transaction.
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Traditional Model: Exchanges profit more as users trade higher volumes, irrespective of whether the trader profits or loses.
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WazirX Zero Model: Eliminates per-trade charges entirely, aiming to simplify charges and fundamentally change the dynamic between the platform and its users.
Nischal Shetty, Founder of WazirX, noted that the traditional model often creates a conflict of interest, as exchanges profit from every order placed. The new structure seeks to alter this by standardizing the cost.
💰 Significant Cost Savings for Active Traders
According to the company, the fixed-fee model offers substantial cost savings, particularly for frequent and high-volume traders, by lowering recurring costs and removing friction that discourages active trading.
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Example under Old Model: A user conducting ten buy-and-sell transactions of ₹10,000 each in a month (total monthly volume of ₹2 lakh) typically pays around 0.5% per order. These fees can accumulate to thousands of rupees annually. Over a year, such charges could reach about ₹6,000.
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WazirX Zero: All users—from high-volume traders to retail participants—pay only the fixed ₹99 monthly fee, translating to an annual cost of just ₹1,188.
This change aims to free up capital for future trades and potentially enhance long-term returns for users, especially those trading larger amounts, by guaranteeing a predictable and low trading cost.
#WazirX #WazirXZero #CryptoTrading #FixedFee #CryptocurrencyExchange #NischalShetty #TradingModel #CryptoIndia
