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WazirX
3.4
based on 43 Reviews
Company Overview
Company Locations
Working at WazirX
Company Summary
Operates a leading cryptocurrency exchange in India, facilitating the buying, selling, and trading of digital currencies to promote blockchain adoption.
Overall Rating
3.4/5
based on 43 reviews
11% below
industry average
Critically rated for
Job security, Promotions, Company culture
Work Policy
Monday to Friday
66% employees reported
Flexible timing
85% employees reported
No travel
91% employees reported
Day shift
75% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
2 employees reported
View detailed benefits
About WazirX
Founded in2017 (8 yrs old)
India Employee Count--
Global Employee Count11-50
India HeadquartersNavi Mumbai, Maharashtra, India
Office Locations
Websitewazirx.com
Primary Industry
Other Industries
--
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WazirX is India's most trusted cryptocurrency Exchange.
WazirX has been built by a team of hardcore traders and passionate blockchain believers. We're on a mission to involve every Indian into the Blockchain revolution. The world is moving on to this revolution at an unprecedented pace.
With WazirX you can Buy, Sell & Trade digital currencies with amazing ease, confidence and trust. Whether you’re a first-time investor or a professional trader - WazirX has got you both covered!
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WazirX Ratings
based on 43 reviews
Overall Rating
3.4/5
How AmbitionBox ratings work?
5
21
4
6
3
2
2
3
1
11
Category Ratings
3.6
Work-life balance
3.4
Salary
3.4
Work satisfaction
3.3
Skill development
3.1
Company culture
3.1
Promotions
2.8
Job security
WazirX is rated 3.4 out of 5 stars on AmbitionBox, based on 43 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
WazirX Reviews
Top mentions in WazirX Reviews
Compare WazirX with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.4/5 based on 43 reviews | 3.6/5 based on 39 reviews | 3.5/5 based on 7 reviews | 3.0/5 based on 100 reviews |
Highly Rated for | No highly rated category | No highly rated category | No highly rated category | No highly rated category |
Critically Rated for | Job security Company culture Promotions | Job security Promotions Work satisfaction | Salary Promotions Skill development | Job security Promotions Skill development |
Primary Work Policy | - | - | - | Work from office 53% employees reported |
Rating by Women Employees | 2.7 Poor rated by 18 women | 3.5 Good rated by 19 women | 2.6 Poor rated by 3 women | 2.6 Poor rated by 29 women |
Rating by Men Employees | 3.7 Good rated by 22 men | 3.7 Good rated by 19 men | 4.9 Excellent rated by 4 men | 3.2 Average rated by 64 men |
Job security | 2.8 Poor | 2.6 Poor | 3.1 Average | 2.7 Poor |
View more
WazirX Salaries
WazirX salaries have received with an average score of 3.4 out of 5 by 43 employees.
KYC Executive
(7 salaries)
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₹2 L/yr - ₹2.7 L/yr
Customer Support Executive
(4 salaries)
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₹2.9 L/yr - ₹4.3 L/yr
Customer Service Executive
(4 salaries)
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₹4 L/yr - ₹8 L/yr
Customer Happiness Executive
(4 salaries)
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₹3.4 L/yr - ₹6 L/yr
Software Development Engineer 4
(4 salaries)
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₹45 L/yr - ₹55 L/yr
Senior Customer Service Representative
(4 salaries)
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₹6.5 L/yr - ₹7.1 L/yr
Senior Marketing Manager
(3 salaries)
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₹18 L/yr - ₹30 L/yr
Senior Software Developer
(3 salaries)
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₹22.5 L/yr - ₹35 L/yr
Team Lead
(3 salaries)
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₹7 L/yr - ₹7.8 L/yr
Legal Manager
(3 salaries)
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₹18 L/yr - ₹22.1 L/yr
WazirX News
View all
MITCOIN: The Ultimate Crypto Shield – Recover Stolen Funds & Take Back Control
- MITCOIN introduces a retrievable transaction system, challenging the irreversibility of blockchain transactions and offering security against fraud and theft.
- The ecosystem includes features like Transaction Pause & Reversal Protocol, MIT EXCHANGE for secure trading, and MIT WALLET for ultra-security.
- MITCOIN's native token, MTC, is capped at 4 billion and offers staking, trading, and rewards within the ecosystem.
- The Transaction Pause & Reversal Protocol allows users to halt and reverse transactions in case of illegal activity, providing a safety net against irreversible thefts.
- MIT EXCHANGE ensures secure trading by flagging high-risk transactions, preventing wash trading, and detecting suspicious activities.
- MIT WALLET is an advanced crypto wallet with multi-layered encryption, biometric authentication, and fraud detection for enhanced security.
- MITCOIN's technology could have prevented incidents like the recent WazirX hack by enabling quick action to recover stolen funds.
- Growth forecasts predict that MITCOIN (MTC) may see significant adoption and price increase in the coming years.
- By establishing a new standard for blockchain security, MITCOIN aims to bridge the gap between traditional finance and the crypto sector.
- MITCOIN is designed to provide financial stability, user empowerment, and innovative solutions in the blockchain space.
TheNewsCrypto | 13 Feb, 2025
Startup news and updates: Daily roundup (February 13, 2025)
- Agara Lake: Bengaluru’s newest address for entrepreneurs to network and brainstorm
- Khetar, an agritech startup, has developed solar dehydrating technology
- WazirX recovery scheme voting tentatively scheduled from March 19-28
- Paytm Money appoints Rajeev Krishnamuralilal Agarwal as non-executive independent director
Yourstory | 13 Feb, 2025
WazirX Voting on Proposed Restructuring Scheme Scheduled for March 2025
- WazirX has announced the voting period for its proposed restructuring scheme, scheduled from March 19 to March 28, 2025.
- The outcome of the voting will determine whether the Scheme of Arrangement moves forward, subject to final approval from the Singapore High Court.
- Once implemented, approximately 85% of Scheme Creditors' balances will be made available for distribution.
- WazirX has been engaged in recovery efforts, including freezing stolen funds and working with blockchain forensic experts, to support the restructuring process.
Cryptonewsz | 13 Feb, 2025
WazirX Offers 85% of Stolen User Funds as Deadline Nears
- WazirX plans to distribute 85.25% of the portfolio value lost in the $230 million hack from July 2024.
- Users can now view their U.S. dollar and Indian rupee balances, reflecting the value of stolen assets from the attack.
- Creditors have until February 19 to accept the rebalancing scheme; otherwise, liquidation is likely under Section 301 of the Singapore Companies Act.
- WazirX aims to avoid liquidation by launching a decentralized exchange (DEX) and introducing recovery tokens tradable in the open market.
Bravenewcoin | 12 Feb, 2025
WazirX Announces Compensation Plan After $235 Million Hack, Launches New Rebalanced Portfolio Scheme
- Following a hack that compromised $235 million in digital assets on WazirX, the exchange announced a compensation plan for affected users.
- WazirX's compensation plan promises to reimburse users 85% of the USD value of their portfolios at the time of the breach.
- The new Rebalanced Portfolio Scheme aims to provide users with a percentage of their lost funds and current market value of holdings.
- WazirX's launch of a decentralized exchange (DEX) using compensation funds may enhance long-term sustainability.
- The DEX offers users more control and security, with profits set to be shared over the next three years.
- Users will share DEX profits for a limited three-year period, while WazirX leadership stands to benefit long-term from the platform's success.
- WazirX's efforts to compensate users, build a DEX, and restore trust require continued progress in user satisfaction and confidence.
- The crypto industry observes closely as WazirX progresses with its DEX development and compensation initiatives post-hack.
- WazirX's future hinges on rebuilding its platform, compensating affected users, and proving its resilience and security in the crypto market.
- The coming years will be critical for WazirX as it strives to recover from the hack and regain trust within the crypto community.
- These actions mark WazirX's attempt to learn from past mistakes and establish a more secure and transparent foundation for the future.
NullTX | 12 Feb, 2025
WazirX Recovers 85% of Lost Assets, Concludes Rebalancing
- WazirX hack victims will get 85% of their July 18, 2024 portfolio value, with first payouts in April.
- Creditors must approve the plan by February 19 with 75% support, or face liquidation under Singapore law.
- The rebalancing of platform assets is complete, with around 85.25% of USD value to be returned to creditors.
- WazirX introduces a decentralized exchange and tradeable recovery tokens as part of the recovery plan.
TronWeekly | 12 Feb, 2025
WazirX Recovery Plan Real Redemption or Another Scam?
- WazirX has announced a recovery plan for users affected by the $230 million hack that hit the exchange in July 2024.
- Under this plan, victims will receive 85.25% of their portfolio value as recorded on July 18, with the first round of distributions set for April 2025.
- To move forward, WazirX requires creditor approval for the asset rebalancing plan by February 19, 2025.
- As part of its restructuring, WazirX plans to launch a decentralized exchange (DEX) and introduce recovery tokens (RTs).
TheNewsCrypto | 12 Feb, 2025
Wazirx Announced to Launch Rt Token To Compensate $230 Million Hack
- Wazirx, India’s largest cryptocurrency exchange, plans to launch RT tokens as a compensation for the $230 million hack.
- The RT tokens' value is equivalent to the value of assets stolen during the breach in July 2024.
- Wazirx has introduced a rebalanced portfolio as part of their recovery strategy.
- The recovery strategy includes efforts to recover stolen assets, profit sharing, and decentralized exchange initiatives.
Bitcoinik | 12 Feb, 2025
Binance Says Exiting India Was Never An Option, Sees Increased Institutional Queries Since India Re-entry
- Binance recently registered with India's FIU and tweaked their KYC structure as per India's policies; since then, operations have become smoother
- Binance is in full confidence that the Indian market is key to their growth plans and they have no plans to exit the country
- The Indian Government understands innovation and showed great foresight during the fintech boom; the country is an ideal market for the industry
- Institutional enquiries have seen a surge in user growth, with a focus on exchanges operating accounts to hold onto crypto as an investment
- Despite WazirX's hack, the growth of crypto in India hasn't slowed down, and inquiries and operating accounts show a strong interest in the sector
- Binance doubts it will acquire WazirX, while CoinDCX's Sumit Gupta remains open to the idea of taking over WazirX
- The industry waits for crypto discussion paper to come out, and Smith recommends developing an agile and comprehensive framework
- Binance's CEO acknowledges the US election had an impact on the outlook of cryptocurrency globally
- The regulators granted legitimacy to the cryptocurrency industry when they approved Bitcoin ETFs
- Cryptos like Bitcoin have become an asset class, which offers opportunities for investment from risk-seeking investors
99Bitcoins | 11 Feb, 2025
WazirX Announces Sixth Townhall Meeting Amid Community Backlash
- WazirX, an Indian cryptocurrency exchange, has announced its sixth townhall meeting on February 12, 2025.
- The meeting aims to provide clarity on the restructuring scheme and address topics such as reviewing claims and understanding the voting process.
- WazirX is offering a rebalanced amount to creditors to compensate for the hack in July 2024, but the actual return is lower than initially promised, leading to community discontent.
- Creditors can raise disputes between February 10 and February 19, 2025, and the future of WazirX relies on the creditors' decision.
Cryptonewsz | 11 Feb, 2025
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WazirX FAQs
When was WazirX founded?
WazirX was founded in 2017. The company has been operating for 8 years primarily in the Financial Services sector.
Where is the WazirX headquarters located?
WazirX is headquartered in Navi Mumbai, Maharashtra and has an office in Navi Mumbai
Does WazirX have good work-life balance?
WazirX has a Work-Life Balance Rating of 3.6 out of 5 based on 40+ employee reviews on AmbitionBox. 63% employees rated WazirX 4 or above, while 37% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read WazirX work-life balance reviews for more details
Is WazirX good for career growth?
Career growth at WazirX is rated as moderate, with a promotions and appraisal rating of 3.1. 37% employees rated WazirX 3 or below, while 63% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading WazirX reviews for more detailed insights.
What are the cons of working in WazirX?
Working at WazirX does have some drawbacks that potential employees should consider. The company is poorly rated for job security, promotions / appraisal and company culture, based on 40+ employee reviews on AmbitionBox.
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