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Don't Buy Cryptocurrency From Wazirx, If You Are Planing To Sell Them Elsewhere (Here Is Why)

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@thecrytotrader
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Hello All Dear Hivers,


So guys today i decided to buy some Hive to Add It In My Portfolio, So As Usual i went to Wazirx and deposited 30k Inr or $394 Usd as oer current rate of Usd To Inr.

So i Got 30k in my Wazirx Inr balance.

But when i went to buy USDT using My INR balance it showed me that for 30k Inr they will give me 387$ that is just 29412 INR, that means my 578 INR or better say $7.6 Dollars Just disappeared.


Because on Wazirx the price of USD to INR is around 77.36 Rs. that is more then current price of 76.04



So when i converted my INR into USDT, So i went to market pair of Hive and USDT and i put $388.11 USDT for a price of $0.2505 Per Hive that means i got just 1549 Hive for my $388.11.

But if we see the real amount that we should get that is around 1575 Hive and that is $6 extra or better say 500 Rs extra money that became nothing.

But on Wazirx they are still giving the sell on the same rate of USDT To INR, that means if you sell that on Wazirx and convert Into inr than you will get exact amount you added into INR.

But if you are planning to buy from Wazirx and then transfer on Binance or any other exchange and selling your Profit there. Then you will need to bear this $6-7 Loss any how.

So if you use Wazirx then please Trade there Only and Buy/Sell on that exchange itself but don't transfer your funds to other exchange with less amount because you will get less for that.


Thanks For Reading My Post




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