WazirX was India's best-known exchange until a $235 million hack in July 2024 froze withdrawals for over a year. After a Singapore court approved its restructuring, trading restarted in October 2025. Here is where it stands now.
WazirX is operating again, with new custody partners and the lowest costs for frequent traders thanks to a flat ₹99/month plan. But users lost about 15% of their holdings in the hack and waited more than a year for the rest; weigh that history before keeping large balances there.
| Best for | High-frequency INR traders who want flat fees |
|---|---|
| Founded / HQ | 2018 · Mumbai (now run by Zettai Pte Ltd, Singapore) |
| FIU-IND registered | Yes, registered with FIU-IND; no FIU penalty found |
| INR deposits | UPI, IMPS/NEFT bank transfer |
| Spot trading fee | WazirX ZERO: ₹99/month + GST for zero-fee trading; otherwise 0.10% to 0.40% on INR markets. USDT markets currently 0%. |
| Futures | Yes, INR-settled perpetual futures on BTC and ETH (since May 2026), up to 10x, 0.02% maker / 0.04% taker |
| SIP / recurring | Not confirmed |
| Coins listed | 300+ |
| 1% TDS deducted | Yes, automatically; free Taxlyst tax reports |
| Security record | July 2024: about $235M stolen from a multisig wallet (attributed to North Korea's Lazarus Group). Withdrawals frozen for ~15 months; users got ~85% back under a court-approved scheme plus recovery tokens. Custody now with BitGo and Fireblocks. |
| Official website | wazirx.com |
On 18 July 2024 attackers drained about $235 million from one of WazirX's multisig wallets, the largest hack of an Indian exchange. WazirX froze withdrawals and sought protection from creditors through a restructuring scheme in Singapore, where its operating company, Zettai, is based. Creditors approved the plan by a wide margin and the Singapore High Court sanctioned it on 13 October 2025. Users received roughly 85% of their balances, plus recovery tokens that pay out if more funds are recovered.
Trading restarted on 24 October 2025, with custody moved to BitGo and Fireblocks. WazirX says 95% of traders since the restart were returning users.
Since December 2025 WazirX has offered WazirX ZERO: pay ₹99 a month (plus GST) and trade without per-trade fees. Without the plan, INR-market fees run from 0.10% to 0.40% depending on volume. For someone trading ₹1 lakh a month or more, the flat plan is usually the cheapest deal among Indian apps. In May 2026 it added INR-settled perpetual futures on BTC and ETH with up to 10x leverage at 0.02%/0.04% fees.
WazirX is FIU-registered and has new custody partners, but its record is the worst of the major Indian apps. The sensible approach, whichever exchange you use, is to keep only your trading balance on the exchange and hold long-term coins in a wallet you control.
Active INR traders who will actually use the flat-fee plan and who accept the trust question. Long-term investors and beginners have simpler options, see CoinSwitch or ZebPay.
Yes. After the Singapore High Court approved its restructuring in October 2025, WazirX restarted trading on 24 October 2025, and deposits and withdrawals are running.
Mostly. Under the court-approved scheme, users received about 85% of their balances plus recovery tokens, which pay out if more of the stolen funds are recovered.
A subscription launched in December 2025: ₹99 a month plus GST for trading without per-trade fees.
Yes, WazirX is registered with FIU-IND and deducts the 1% TDS on sells automatically.
