Wazirx vs Exmo: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Wazirx and Exmo This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Wazirx

Exmo

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Available Countries

United States

Yes

Europe

Yes

Latin America

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Wazirx is ideal if:

Great for INR-based traders seeking seamless deposits and withdrawals via Indian banking rails and P2P exchanges.
Ideal if you value a clear, user-friendly interface and mobile app with advanced charts and straightforward navigation.
Perfect choice when you want a local platform with global reach, offering many cryptocurrencies plus features like WRX-token incentives and Smart Token Fund partnerships.

Exmo is ideal if:

Effortless for beginners — EXMO shines with a clean and intuitive interface that makes entering the crypto world straightforward, even for newcomers.
Strong foundational tools — It offers essential order types (market, limit, stop), solid security layers, and mobile access—delivering the essentials without overcomplicating things.
Reward-friendly experience — If you enjoy added incentives, EXMO’s ecosystem includes perks via its native token and Earn program, enriching your engagement beyond standard trading.

Wazirx isn’t ideal if:

If you rely on instant crypto withdrawals, this platform may not suit you due to ongoing limitations and partial access issues following recent security events.
If you're an advanced technical analyst, you'll likely find the charting tools and order types (e.g. no market orders) too simplistic for complex trading strategies.
If you need responsive customer support, WazirX may fall short—user feedback points to frequent delays and limited support channels.

Exmo isn’t ideal if:

If you need advanced trading tools, EXMO may feel limiting due to the absence of high-end features favored by professional traders.
If rapid customer support matters, response times can lag behind competitors, which might frustrate users seeking instant help.
If you're after aggressive margin use, EXMO offers modest leverage, so it’s not the best choice for high-risk, high-reward strategies.

Fees & Total Costs

Spot Maker/Take

WazirX uses a tiered maker/taker model where fees decrease based on 30-day trading volume and WRX token holdings, encouraging active trading and WRX ownership for ongoing fee discounts.

EXMO applies a tiered fee structure where both maker and taker fees decrease as your 30-day trading volume rises—from standard spot levels down to zero or even negative rates at very high volumes—while EXMO-Coin-backed Premium packages offer additional, fixed discounts ranging from modest savings to full fee waivers.

Futures/Derivatives

WazirX currently focuses exclusively on spot trading and does not offer futures or derivatives, so there are no maker/taker or funding fees associated with those instruments.

EXMO currently focuses exclusively on spot and margin trading and does not support futures or derivative products, so maker/taker and funding fees for such instruments are not applicable.

Average Spreads on Liquid Pairs

Liquid pair spreads like BTC/USDT and ETH/USDT are typically narrow and market-competitive, reflecting high liquidity and fast matching, without meaningful average spread markup.

While precise spreads aren’t publicly listed, EXMO’s tight pairing on major BTC/USDT and ETH/USDT markets suggests they remain competitive in line with typical centralized exchange benchmarks.

Fiat Deposits & Withdrawals

INR fiat deposits and withdrawals work through local Indian banking channels (such as UPI and NEFT/IMPS), with generally quick processing for deposits and moderate processing times for withdrawals, depending on banking partners and verification status.

You can deposit and withdraw fiat by card, bank transfers (SEPA, wire), and e-channels; deposit fees and limits depend on your chosen method, with processing times ranging from under an hour to up to three business days for traditional transfers.

On-chain Withdrawals

Cryptocurrency withdrawals use dynamic network fees that adjust based on blockchain congestion, meaning the cost varies across networks like BTC, ETH, or TRX rather than a flat fixed rate.

Crypto withdrawals follow dynamic, network-based fees—varying by coin and network congestion—rather than flat fees, and the specific fee for each asset is shown at the time of withdrawal.

Hidden Costs

There are few hidden costs—minor currency conversion charges may apply if depositing or withdrawing in a non-INR currency, and expedited account verification might help speed processes but doesn’t incur extra public fees.

Although EXMO avoids surprise charges, users should note possible currency conversion margins, low inactive-account charges, and potential priority processing fees for expedited verification or transfers, depending on circumstances.

Real-World Cost Example: “€500 BTC

Buying €500 worth of BTC would involve paying a trading fee (discountable via WRX token), a tight market spread, and then paying a dynamic blockchain withdrawal fee to transfer the BTC on-chain—resulting in a slightly lower net BTC amount received than the €500 spent.

Suppose you buy €500 worth of BTC via fiat—your cost includes a starting trading fee (based on spot or fiat tiers), the market spread embedded in the execution price, and a dynamic crypto withdrawal charge when you transfer BTC out—which together form the total effective cost of the transaction.

Crypto Offering & Trading Features

Number of Coins & Pairs

WazirX lists over 250 to 300 cryptocurrencies and supports hundreds of trading pairs, with its top 20 pairs generally involving major coins like BTC, ETH, and USDT in high-volume combinations.

EXMO supports around 90–100 different cryptocurrency assets and approximately 150–235 trading pairs, while its top 20 by volume include major names like BTC, ETH, ADA, DOT, LINK, XRP, SOL, LTC, AAVE, UNI, XLM, BCH, EOS, ATOM, FIL, VET, ZEC, XMR, TRX, and more.

Product Range

The platform is focused mainly on spot trading, P2P markets, NFT marketplace and copy-style features like Smart Token Fund, and doesn’t offer margin, perpetuals, options, ETFs, staking, loans, or automated bots like grid or DCA.

The platform offers spot trading (including margin with up to ~30× leverage), staking via the Earn program, OTC services, and automated features like copy-trading and third-party grid or trading bots—however, it does not support derivatives such as perpetuals, options, ETFs, or crypto loans.

Liquidity

BTC and ETH markets benefit from deep liquidity powered by connection to Binance, meaning order books are healthy and 24-hour volume remains solid for core pairs—creating tight spreads and swift execution.

EXMO’s daily trading volume generally ranges from tens to a few tens of millions of dollars, with BTC/USDT and ETH/USDT among its most liquid pairs—indicative of a mid-tier liquidity exchange offering reasonable depth for retail and many pro traders.

Tools

WazirX provides limit and stop-limit orders, alert notifications, integrated TradingView charts, and API/WebSocket access, offering a robust toolkit for spot traders without overly complex derivatives features.

Traders can place market, limit, and stop orders; enjoy basic charting and alerts; and leverage web and mobile APIs—and while advanced tools like native TradingView charts aren’t built in, external integrations via API are possible.

Geographic Restrictions by Product

Some advanced products like derivatives and lending aren’t available globally; WazirX restricts offerings based on user location and compliance rules, limiting access to certain tools in select jurisdictions.

While spot and staking are widely available, margin trading may be restricted or unavailable in certain jurisdictions—particularly the US and other regions where regulations limit leverage products.

Innovation

The platform includes creative features like a Smart Token Fund (akin to copy trading) and occasionally hosts token launch initiatives, while its P2P liquidity engine remains a standout innovation in fiat-to-crypto access.

EXMO’s Earn offering includes flexible staking that allows daily rewards and instant withdrawals, enabling compounding without locking funds; though it doesn’t currently offer launchpad or launchpool-style token launch features, its flexible earn model is a standout.

Security, Regulation & Custody

Operating Entity & Jurisdiction

WazirX is operated by Zanmai Labs Pvt. Ltd., founded in 2018 and headquartered in Mumbai, India, with its crypto operations under Zettai Pte. Ltd. based in Singapore for restructuring purposes.

EXMO operates under its legal entity EXMO EXCHANGE LTD., established around 2013–2014 and headquartered in the UK, functioning within British jurisdictional frameworks including AML/KYC mandates and the EU’s Fifth Anti-Money Laundering Directive (5AMLD).

Licenses/Registration

While India currently lacks formal crypto licensing, WazirX aligns with VASP-style requirements under FIU-India rules and is increasingly moving toward global compliance readiness, including potential future MiCA adherence.

While EXMO is registered in the UK and complies with AML and KYC obligations, it does not hold formal licenses such as VASP or MiCA—operating without formal regulatory approvals from major bodies like the FCA or SEC, though it aligns with regional compliance best practices.

Custody

User assets are held in a mix of on-chain wallets and third-party custodians, with an internal and third-party-verified Proof of Reserves system to back solvency and asset holdings, supported by periodic audits and real-time transparency dashboards.

The platform uses a hybrid custody model—hot wallets for daily transactions and cold storage for the bulk of assets—with routine security audits to bolster safety; however, there’s no public proof of reserves or explicit percentage breakdown of cold vs. hot holdings.

Insurance & Protection Funds

The exchange is actively pursuing third-party custodial solutions offering insurance coverage, and its recovery plan includes allocating a portion of trading fees into a user protection reserve.

EXMO maintains an internal insurance fund to provide some level of user asset protection against unforeseen events, though this is not comparable to coverage offered by major traditional financial insurers.

Incident History

In July 2024, WazirX suffered a major hack resulting in loss of over $230 million and suspensions of trading and withdrawals, prompting a restructuring process and implementation of new custody and recovery systems.

EXMO has experienced operational challenges—such as platform downtimes and withdrawal delays—and notable events like the 2017 kidnapping of its Managing Director, leading to heightened scrutiny; no major security breaches have been publicly confirmed since.

Risk Controls

Security measures include mandatory 2FA (via SMS, email, authenticator apps, or even biometrics), anti-phishing alerts, and internal protocols—though features like API permission granularity and sub-accounts remain limited.

The platform offers strong security tools like 2FA (now moving toward Google Authenticator and passkeys), trusted IP whitelisting, anti-phishing email measures, and granular notification settings, enhancing account protection and risk mitigation.

Transparency

WazirX issues regular transparency reports and complies fully with law enforcement inquiries; it also publishes wallet data and Proof of Reserves dashboards, though SLA metrics and public wallet tracking remain periodically updated rather than real time.

EXMO emphasizes user data security and transaction integrity but does not offer frequent public reports like monthly transparency statements or live wallet addresses, and it lacks a formally published SLA for uptime or service levels.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

WazirX accepts INR deposits via UPI, IMPS, NEFT, and RTGS, with minimums as low as ₹100 and maximums up to ₹50 lakh per transaction; UPI deposits are instant, while bank transfer methods usually complete within a few hours during business hours, up to a maximum of around 72 hours.

You can deposit fiat via bank transfers (SEPA, wire), Visa/Mastercard cards, and various e-wallets; minimum and maximum limits vary by method and currency, can be found in your account, and deposits typically arrive within 1 minute to around an hour depending on the channel.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

WazirX applies a tiered Re-KYC process annually with varying document requirements; basic identity validation unlocks most features, and advanced verification may be prompted for higher volumes or full-feature access, with timing ranging from instant to up to 72 hours.

New users must complete identity verification to access core features; additional levels like address or card verification unlock higher deposit/withdrawal methods and limits, with processing typically done within a few hours.

Withdrawals

INR withdrawals are processed via linked bank accounts only, with no third-party transfers allowed; withdrawals typically clear within a few hours up to 72 hours depending on the bank, and fees differ by transfer mode (e.g. NEFT vs instant). Crypto withdrawals allow network-specific address tagging, especially for assets like XRP/XLM, and fees are dynamic based on blockchain conditions.

Crypto withdrawals depend on the network chosen (e.g. TRC20, ERC20) and are subject to dynamic network fees; there are high upper limits (e.g. up to $500k or £10k) and actual processing times vary with method and network congestion.

Customer Support

WazirX offers in-app live chat around the clock, along with email and blog support, plus dedicated phone support Monday to Sunday during Indian daytime hours; response times vary but the chat feature and support center help ensure timely assistance.

EXMO offers 24/7 support via chat, email, and ticketing, though response times may vary; there’s also a comprehensive knowledge base to help with common questions.

Languages & Localization

The platform is fully localized for English speakers, displays amounts in INR but allows traders to conceptualize values in € or $ mentally, and operates under Indian regulatory guidelines—even though fiat is exclusively INR-based.

The platform fully supports English and displays fees in major currencies like EUR and USD; localization extends to fiat support and regulatory considerations in regions where it operates.

App Quality & Stability

The mobile app is stable and well-maintained, with frequent updates and minimal reported crashes—keeping enhancements rolling smoothly for a reliable user experience.

EXMO provides both mobile and web apps for trading, with a long-standing reputation, though users sometimes report downtimes and slower support responses—indicating a solid but not flawless user experience.

Experience, Performance & Ecosystem

UX/UI

WazirX’s revamped 3.0 interface delivers a clean, intuitive layout with order book and open orders adjacent to trading, requiring minimal learning effort for both beginners and experienced traders.

EXMO delivers an intuitive and beginner-friendly interface with a “Simple” or “Advanced” trading view that lets users choose between a clean, streamlined flow or a more detailed layout—facilitating a smooth learning curve from novice to experienced levels.

Performance

Order latency is generally responsive and smooth thanks to streamlined UI, though users may occasionally notice slower response or brief interface lag during extreme market volatility or peak traffic surges.

Users note that EXMO handles typical order latency well under normal conditions, although heavy volatility can slow response times, and during crypto bull runs, KYC queues can lead to delays in verification that hold up trading access.

Education

WazirX offers a “Learn & Earn” campaign with quizzes tied to real trading, plus a dedicated Crypto Learning Zone and partner educational programs, but lacks a simulated demo or practice account for risk-free trading.

While EXMO doesn’t offer a full-fledged demo account, it does provide educational material—including guides and blog posts—and supports Spanish-language resources to help users learn trading basics and platform features.

Community

WazirX maintains an active presence on social platforms like Telegram and Reddit, runs educational contests and “Learn & Earn” campaigns, and supports referral programs to incentivize user growth.

EXMO maintains an active presence on channels like Telegram and focuses on referral incentives to build community engagement, though it lacks a dedicated forum or Discord server for deeper user interaction.

Integrations

Traders benefit from integrated TradingView-style charts and API access, while official support for third-party bots or tax-accounting tools is limited—though the platform’s API allows flexible automation for developers.

EXMO has embedded native TradingView charting directly into its platform for technical analysis, and supports external bot integrations via API—but does not yet offer formal integration with tax reporting or accounting tools.

Who Each One Is Best For

WazirX suits crypto novices who want a clear and efficient interface with educational rewards, and suits mid-tier traders comfortable with API tools—but is less ideal for those needing a virtual demo, heavy automation, or advanced pro-trader environments.

EXMO is ideal for traders seeking a user-friendly, approachable platform with flexible UX modes and integrated charting—especially beginners and casual users—while power-user traders may find it less adequate due to limited simulator tools and backend integrations.