- How does WazirX ZERO work?
WazirX ZERO gives you unlimited trading with zero trading fee. You pay a monthly charge of ₹99 (plus applicable taxes) that renews automatically, so you can focus on trading while everything else is taken care of. Once active, you can place as many trades as you want across supported markets without worrying about trading fees.
- When and how is WazirX ZERO renewed?
WazirX ZERO renews automatically every 30 days. The renewal charge is taken from the INR balance first. If your INR balance is insufficient, the remaining balance is taken from crypto balances, starting with the lowest-value holdings.
- What happens once the Free Pass ends?
Once your Free Pass ends, WazirX ZERO will renew automatically. A monthly charge of ₹99 plus applicable taxes will be collected from available balance so you can continue trading with zero trading fee.
- Are all tokens supported for the renewal charge?
Yes, there is no designated set of supported crypto tokens for WazirX ZERO renewal. All existing (excluding delisted and unlisted tokens) and newly listed crypto tokens on the platform can be used if needed, commencing with the token of the lowest holding value.
- Can I opt out of WazirX ZERO?
Yes, you can switch to the standard Pay Per Trade option at any time.
- Is TDS still applicable with WazirX ZERO?
Yes. TDS applies as per government regulations. From 1 July 2022, TDS (Tax Deducted at Source) of 1% of the trade value will be deducted on each trade as per the Government’s guidelines issued on Virtual Digital Asset (VDA) transfers. This TDS can be claimed while filing your ITR.
FAQs on WazirX ZERO
Akshay