In this post, I will elucidate the Binance and WazirX integration with all-inclusive features and benefits that as a user you will get while using either of the platforms. Meanwhile, you will also find an easy to follow guide on how to connect your Binance and WazirX accounts and transfer funds (free) between the two, seamlessly.
In November 2019, one of the largest cryptocurrency exchanges in the world, Binance announced the acquisition of WazirX (India). Soon after the acquisition of WazirX, several interesting developments have taken place between the two platforms. One of the major developments is Binance’s deep integration with WazirX which has brought a plethora of features for Indian cryptocurrency users and more specifically to WazirX users.
Binance + WazirX integration and added features
Before learning how to connect your Binance and WazirX accounts it’s worthwhile to explore all the features and enhanced utility beforehand that Binance + WazirX integration has brought to its users;
1). This integration allows Binance users in India to sign into WazirX directly using their existing Binance accounts. This is quite useful for Binance India users who might want to cash out USDT for INR.
2). The most important feature this integration has brought is that it enables you to connect your Binance and WazirX accounts to make the seamless transfer of funds between Binance and WazirX wallets.
3). WazirX offers a great fiat to crypto on-ramp, while Binance offers over 150 crypto coins to trade. This combination has made it possible for Indian crypto users to buy Bitcoin or USDT with INR on WazirX and trade hundreds of crypto coins on Binance, simultaneously.
4). Additionally, this integration has made all Binance cryptocurrency services and products including Binance futures, options, margin trading, staking, etc., easily accessible to WazirX users.
Now let’s understand how to connect your Binance and WazirX accounts and how to transfer funds between the two.
First of all, you must have a registered account on Binance as well as on WazirX with the same e-mail ID. If you have an account registered with Binance only, you can still connect Binance and WazirX accounts. If you don’t have accounts already registered with these exchanges, you can create one by using our easy to follow exchange guides.
Let’s follow the step-by-step process to connect your Binance and WazirX accounts;
1). Login to your Binance account.
2). In the top menu on homepage, hover over “Wallet” and click “Overview” in drop down list.
3). In “Overview” section click “WazirX” and it will open a pop-up window.
4). Click on “Connect WazirX” in the pop-up window and it will take to the next page.
5). Now it will take you to the WazirX exchange where you have to click “Login Via Binance” tab.
6). In next step, it will automatically use your email-ID (used for Binance account) to create and link your WazirX account. Click “Continue” to procced.
7). Now it will ask you to set 2FA for your WazirX account. Choosing Google Authenticator is recommended.
8). As you choose Authenticator App for 2FA, it will open a pop-up window. Scan the QR code provided with Google Auth. App (or Authy) and also write down the given code on a paper. Keep the written code in a safe place because it will help you to activate 2FA again, in case you lost your device.
9). Now enter the code generated in your Authenticator App and your WazirX account security settings are updated.
10). Finally, you will get a welcome message stating that your WazirX and Binance accounts are now connected and ready to use.
Now let’s see how you can transfer funds between Binance and WazirX wallets instantly.
Transfer of funds from Binance to WazirX wallet;
1). Login to your Binance account and in the menu section hover over “Wallet” and click “Overview” in the drop-down list.
2). Click on “WazirX” in wallets and it will open next page.
3). Select the crypto and enter the amount that you want to transfer.
4). Confirm the transfer by completing your Binance 2FA Authentication.
At present you can transfer 18 crypto coins including Bitcoin, USDT.
Transfer of funds from WazirX to Binance wallet;
1). Login to your WazirX account and click on “Funds”.
2). Now click on “Transfer funds to Binance” option.
3). In next step, select the crypto and enter the amount.
4). It will ask for 2FA Authentication, enter the 2FA code and confirm the transfer. That’s all.
Apparently, Binance and WazirX deep integration have made available a whole lot of Binance ecosystem to Indian cryptocurrency users. You can buy and sell Bitcoin, USDT, etc. with INR on WazirX and transfer the same to your Binance account and use your funds for spot trading, margin trading, futures and options trading, Staking, Binance loans, etc.
Hence this integration has proved to be a win-win situation for both existing Binance and WazirX users and other cryptocurrency users in India, who are looking for a better alternative for cryptocurrency-related services in India.
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