Update: Effective from 24th January 2022, you won’t be getting a 50% trading fee discount by paying fees. You can check the new trading fees structure here: https://support.wazirx.com/hc/en-us/articles/4417996196634
One of the use cases of WRX coin is that you can pay trading fees for all your crypto trades on WazirX.
PS: You will be practically trading for free if you already have WRX reserved for trading fees!
How to enable/disable Pay trading fee with WRX?
- Go to Account Settings
- Click on Fees
- Click on toggle to enable/disable Pay trading fee with WRX
I have enabled this feature, so how will my trading fees be calculated?
Suppose you traded in BTC/USDT market, and the total fee calculated for this trade was 2 USDT, and current market price of 1 WRX is 1 USDT. In this scenario, you will be paying 2 WRX as trading fee.
If I’ve enabled the "Pay trading fee with WRX" feature but I have insufficient WRX in my account, what happens?
In this case, you will pay fees in INR, USDT, or BTC depending on the market you’re trading in.
I have WRX reserved for a trading fee as per unlock schedule, do I still have to enable this feature?
Yes, WRX as fee will only be used if you have enabled this option.