Wednesday, February 21, 2024

Worried whether WazirX will survive the ongoing blows? Here’s how you can delete your account

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Cryptocurrency companies around the world are facing a huge downward trend. With liquidity issues increasing in a lot of companies and every other day you get to see someone joining the list of companies that have halted trading and withdrawals, the crypto industry seems to be in a mess.

After the Luna and UST crash, Bitcoin tumbled down a lot, Three Arrows Capital closed down, and then companies like Voyager Digital, Celsius Network, and Vauld, halted their operations. Amidst this chaos, WazirX, one of India’s largest crypto trading platforms has also been making it to the headlines. The ED investigation, its breakup with Binance, and then more than 50% drop in trading value show people are concerned that the company is not here to stay.

The deal breaker was probably when Binance parted ways with the company and the company’s CEO cleared it didn’t own any stakes in WazirX’s parent company, Zanmai Labs. The fact that people thought WazirX was backed by Binance gave the platform more credibility. There’s a lot that can happen and by looking at the current scenario, the question of whether ‘would crypto survive or not?’ may also come to your mind. But currently, people and traders want out.

Here are a few easy steps to delete your WazirX account from your Android or iOS:

Before you delete your WazirX account permanently, you should keep in mind that deleting your account is irreversible. You cannot temporarily delete your WazirX account. So, before you delete your account, make sure that you have closed all the orders and also withdrew all the funds. Keep in mind that The WazirX team will charge you some amount when you withdraw or deposit your money.

The amount you’ll be charged when you withdraw money will depend on the way you choose to do it and can vary anywhere between Rs. 5 to 10. It charges Rs. 5.9 while desopiting and also charges a 0.2% commission on every transaction.

After you have made up your mind, you can follow these simple steps to delete your account:

  1. Open your WazirX Application and click on the ‘Settings’ option.
  2. From there, select ‘Support and Contact Us’. From here you will be redirected to the official website of WazirX.
  3. Click on ‘Contact Us’, and fill the reason for account decativation.
  4. After you have filled the form, on clicking send, your request to deactivate your account will be submitted.
Image Credits: WazirX Official Website

Alternatively, you can also contact their live chat support to deactivate your account. You can also directly access the WazirX and follow a similar process to get your account deactivated. After someone from the WazirX team has reviewed your application, you will receive a confirmation mail and will move forward to delete your details completely.

Again, before going forward with the process of deactivating your WazirX account, check whether you have closed all the orders and withdrew your funds as this action will be irreversible.

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