WazirX review

2.8Last reviewed 2026-08-23

Know before you deposit

Lost 234 million dollars in a July 2024 wallet breach and froze customer funds for over a year. A Singapore court approved a restructuring in October 2025 and trading resumed on 24 October 2025, with an initial 85 percent payout. The remaining 15 percent is owed in Recovery Tokens that remain non-tradable and non-withdrawable as of mid-2026.

WazirX is operating again, and its creditors have still not been made whole. Both facts belong in the same sentence, because the second is the reason to be careful about the first.

In July 2024 attackers drained roughly 234 million dollars from a WazirX multisig wallet. Customer funds were frozen for more than a year while Zettai Pte Ltd, the Singapore company operating the exchange, went through a court-supervised restructuring. Creditors approved an amended scheme in August 2025 with 95.7 percent support, the Singapore High Court cleared it in October 2025, and trading resumed on 24 October 2025.

The settlement paid an initial 85 percent. The remaining 15 percent sits in Recovery Tokens which, as of mid-2026, are neither tradable nor withdrawable, with no confirmed date for when that changes. WazirX has since partnered with the US custodian BitGo to strengthen asset protection.

Before the hack it was India's largest exchange by volume. Fees are 0.2 percent flat, reducible with its WRX token, and rupee funding runs over UPI, IMPS and NEFT. None of that is the point. The point is that this is a custodian which has already failed to return customer funds in full and has not finished making them whole, which is the strongest possible argument for buying and withdrawing rather than holding a balance here.

Visit WazirXOpens wazirx.com

Founded: 2018
Headquarters: Mumbai, India
Fees: 0.2 percent flat, reducible with the WRX token, plus the 1 percent tax deducted at source. Rupee deposits are largely free; IMPS withdrawals cost 10 rupees.
KYC: Required
Payment methods: IMPS, NEFT, UPI
Status: caution

How you can pay on WazirX

Every deposit rail WazirX supports in at least one market.

Domestic bank rail: IMPS NEFT UPI

As published by WazirX: UPI, IMPS, NEFT.

Pros and cons

What works

Trading, deposits and withdrawals are live again following the court-approved restructuring
Flat 0.2 percent fee that can be reduced further by holding the WRX token
Has engaged the US custodian BitGo to strengthen custody after the breach

What to watch

Lost 234 million dollars in a July 2024 breach and froze all customer funds for more than a year
Creditors received an initial 85 percent; the final 15 percent sits in Recovery Tokens that cannot be traded or withdrawn as of mid-2026
A custodian that has already failed to return funds in full is the wrong place to store a long-term position

Fees in detail

maker: 0.2 percent, reducible with the WRX token
taker: 0.2 percent, reducible with the WRX token
deposit note: Rupee deposits over UPI, IMPS, NEFT and RTGS are largely free.
withdrawal note: Instant IMPS withdrawals cost 10 rupees and NEFT 5 rupees. Recovery Tokens from the restructuring remain non-withdrawable.

Where we recommend WazirX

Countries where WazirX ranks in our local guide. Availability beyond these is possible but unverified by us.

India

Frequently asked questions

Is WazirX safe to use now?

It is trading again under a court-approved scheme and has brought in BitGo for custody, but it is a platform that has already lost customer funds and has not finished repaying them. Treat it as somewhere to transact, not somewhere to store bitcoin.

Did WazirX customers get their money back?

Partly. The approved scheme paid an initial 85 percent. The remaining 15 percent is owed through Recovery Tokens which, as of mid-2026, are neither tradable nor withdrawable, and no date has been confirmed for that changing.

What actually happened in the WazirX hack?

In July 2024 attackers drained roughly 234 million dollars from a multisig wallet. Withdrawals were suspended, and Zettai Pte Ltd, the Singapore operator, entered a court-supervised restructuring that creditors approved in August 2025 and the Singapore High Court cleared that October.

Why is WazirX still listed here?

Because it is operating, registered with the Financial Intelligence Unit India, and still used. Hiding it would serve you worse than showing it with the record attached, which is what the caution label and this page are for.