GWEI - WazirX Guide (2024)

The term Gwei refers to a small denomination of ether (ETH), which is the native currency of the Ethereum blockchain. Wei is the smallest denomination of Ether, and gwei means Giga-wei.

Along with ETH, Gwei is the most commonly used denomination of Ethereum’s crypto, and it is particularly useful when talking about gas or computational unit of work for a transaction.

Gwei is a straightforward way to calculate gas fees (amounts paid to miners for transaction processing). Its nickname is “shannon,” after Claude Shannon, the scientist and cryptographer known as “the founder of information theory.” Specifically, a unit of Gwei is defined as one-billionth (one Nano) of Ether. So 1 Gwei equals 0.000000001 or 10-9 ETH. Conversely, 1 ETH equals one billion (109) Gwei.

GWEI - WazirX Guide (2024)

FAQs

Which coin will boom in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Ethereum (ETH)$422 billion$3515
Binance Coin (BNB)$87 billion$595
Solana (SOL)$66 billion$143
Ripple (XRP)$27 billion$0.499
6 more rows
7 days ago

How much is 1 gwei? ›

A gwei is one-billionth of one ETH. Gwei is the most commonly used ether unit because it is easier to specify Ethereum gas prices.

Why is my order not executed in WazirX? ›

If the quantity available is lower, it will partially execute your order. Similarly, if you are placing a sell order at the current market price, there should be a buy order in the order book at the same or higher price and the buy quantity should be equal to or greater than your sell quantity.

Is WazirX legal in India? ›

Yes, absolutely WazirX is safe to trade cryptocurrencies in India. Mumbai based WazirX is regularly conducting security audits to make sure about the safety of its highly secured platform.

Which crypto has 1000x potential? ›

Being a project that stands out for several reasons, EarthMeta could potentially be the next 1000x in crypto space. Since the project integrates AI with the Metaverse, creating a decentralized digital world, it allows users to own, govern, and interact with virtual cities and assets, providing a unique experience.

Which crypto will explode in 2025? ›

Let's delve into the top contenders that could potentially 5X by 2025.
  • Ethereum (ETH-USD): Ethereum, often dubbed the "king of smart contracts," is poised for significant growth. ...
  • XRP (XRP-USD): ...
  • Cardano (ADA-USD): ...
  • Dogecoin (DOGE-USD): ...
  • Toncoin (TON-USD): ...
  • Shiba Inu (SHIB-USD): ...
  • TRON (TRX): ...
  • Cronos (CRO):
Apr 7, 2024

Is WazirX blocked? ›

Cryptocurrency exchange WazirX blocked over 2,431 accounts based on its internal transaction monitoring process or directives from the law enforcement agencies during October 2022 to March 2023 period, the company said in its biannual transparency report.

What is the limit of WazirX? ›

You can withdraw up to 1 Lakh per day with a maximum limit of 1 Lakh per transaction using NEFT and 1 Lakh per transaction with IMPS. The minimum withdrawal limit is 500 INR per transaction.

Why i am not able to withdraw money from WazirX? ›

Potential issues when withdrawing from WazirX may include entering an incorrect wallet address, which could result in lost and unrecoverable funds or unexpected transaction fees. Always double-check all details before confirming a withdrawal and review the fees to avoid any surprises.

Can I use WazirX in USA? ›

Buy WazirX in United States of America in 5 Easy Steps

Input your WazirX-supported wallet address. Login with email and verify your information. Complete the payment using leading payment methods such as Credit Cards, Apple Pay, Google Pay, Bank Transfer and more to instantly receive WRX in your wallet.

Which crypto is illegal in India? ›

Using cryptocurrency as a direct method of payment for goods and services is not legal in India as of March 19, 2024. There are 3 aspects to it: Not Legal Tender: Cryptocurrencies like Bitcoin are not recognized as legal money in India. Only the Indian Rupee issued by the Reserve Bank of India holds that status.

Which crypto app is banned in India? ›

Cryptocurrency exchanges like Binance, Kraken, Kucoin and others were banned in India by the FIU. The Director FIU IND wrote to the Secretary of Meity to block these exchanges as they were illegally operating without following the provisions of the PML Act in India.

What is high potential crypto in March 2024? ›

Conclusion on Top 3 Crypto with Huge Potential

In conclusion, Solana, Avalanche, and Bitcoin represent three cryptocurrencies with immense potential in March 2024. While Solana and Avalanche showcase technological innovation and rapid growth, Bitcoin remains a stalwart in the market despite facing evolving challenges.

What is the free coin price prediction for 2024? ›

Risk Analysis
YearPredictionYearly Change
2024Bearish-95.26%
2023Bullish% 4 7
Average-27.92% $0.00000011
Bearish-37.97% $0.00000018
9 more rows

What is the prediction for Dogecoin in 2024? ›

Dogecoin Overview

Our most recent Dogecoin price forecast indicates that its value will increase by 1.02% and reach $0.12315 by June 23, 2024.

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