Withdraw INR from your WazirX account - Process & Time taken (2024)

FAQs

Withdraw INR from your WazirX account - Process & Time taken? ›

The time it takes to withdraw from WazirX can vary based on several factors, such as the specific asset, network conditions, and more. However, most withdrawals are typically processed in less than an hour, although some may take up to 24 hours.

The time it takes to withdraw from WazirX can vary based on several factors, such as the specific asset, network conditions, and more. However, most withdrawals are typically processed in less than an hour, although some may take up to 24 hours.

Synopsis. Indian crypto exchange WazirX faces temporary withdrawal suspension due to a security breach. Multisig wallets compromised, funds moved to new address. Users advised to revoke approvals for safety.

Once you click on submit, your details and docs move into the verification process. When the verification has been completed, you will receive an email from us approving your account! The verification process could take up to 72 hours depending on the volume of signups. But we try to be as fast as possible.

Withdrawal fees slashed from Rs 25 to Rs 10.

In most cases, withdrawals are almost instant and normally should take no longer than 2-3 hours to be processed. Note: Withdrawals will be sent from an address that differs from your crypto's deposit address.

In July, WazirX, one of India's largest cryptocurrency firms was hit by a cyber-attack. More than $230 million of users' holdings were stolen—accounting for close to half of the platform's reserves.

WazirX CEO Nischal Shetty was strongly criticised for his slow updates regarding the cyberattack and for not resuming crypto withdrawals. While several crypto outlets have reported that North Korea-linked hackers were behind the cyberattack, this has not yet been formally confirmed by WazirX.

Instead, WazirX is currently owned by Zanmai Labs Pvt Ltd, an India-based firm registered with local regulators. Zanmai is a subsidiary of Zettai, a Singapore-based company owned by Shetty.

Why is my KYC verification taking so long? ›

Incorrect Information: Our compliance team conducts thorough checks to ensure the accuracy of the provided information. If any discrepancies are found, the processing time may be extended. 2. Incomplete Documents: Each KYC tier requires specific information to be provided.

How long does it take to approve the KYC documents? Within three to five business days, the KYC data is often verified. After the approval has been completed successfully, an SMS will be issued to the registered mobile number.

It can take between 1-3 business days for you to see the micro-deposits used for verification in your bank account. Once you've seen the micro-deposits in your account, you have about 10 days to complete your bank verification on Remote.

No, wazirx crypto is not scam and it is genuine app. It's india's largest platform to exchange crypto.

To withdraw USDT to a bank account, you can transfer your USDT to an exchange that supports the withdrawal of USDT to a bank account. Then, you can initiate a withdrawal request and provide the necessary information, such as the bank account number, name, etc. The withdrawal process may take a few days to complete.

Depending on which bank you have an account with, the funds should be credited to your account within 72 hours. Please try and avoid contacting the support team unless your withdrawal has not been reflected for more than 72 hours.

The wait times are as follows: Once the trade is matched, as a buyer, you have 10 minutes to confirm if you would like to proceed with the transaction and pay for it. To complete the payment and confirm the same, you (buyer) get 60 minutes.

Binance will process your withdrawal transaction as soon as requested, but each blockchain has different confirmation times for transactions. Bitcoin (BTC) can take around 10 to 30 minutes to confirm a withdrawal operation. Withdrawals from Binance Smart Chain usually only take a few minutes.