Indian Crypto Exchanges Cutting Fees
The Indian crypto sector has been growing ever since the Supreme Court of India lifted the banking ban imposed by the Reserve Bank of India (RBI). More people are now interested in bitcoin and other cryptocurrencies. local crypto exchanges are seeing increased trade volumes and signups.
One of the main factors why a user chooses one cryptocurrency exchange over another is the fee structure. Due to popular demand on social media, a number of crypto trading platforms have lowered their fees.
Wazirx, a popular crypto exchange in the country, charges 0.1% when paid through WRX, CEO Nischal Shetty told.
“We lowered our USDT fees to make it zero fees for transfer to Binance,” he detailed. “So effectively maximum users in India now enjoy 0 fee USDT transfer from Wazirx to Binance and for other withdrawals, the fee has been lowered to 1.5 USDT.” The CEO further shared, “We’re planning to lower withdrawal fees for other tokens as well over time.”