WazirX vs Binance
A side-by-side of the facts only: FIU-IND status, fees and INR rails, taken from each exchange's official pages and the government's March 2026 list. Last checked 2026-10-21. Where something is not published or we could not verify it, we say so. Not a recommendation; BtcMedia has no affiliate relationship with either exchange. Fees exclude 18% GST unless stated.
| WazirX | Binance | |
|---|---|---|
| Legal entity | Zanmai Labs Pvt Ltd | Nest Services Ltd (earlier Binance International Ltd), Seychelles |
| FIU-IND registered (Mar 2026 list) | Yes (Annexure I, S.N. 8) | Yes (Annexure I, S.N. 47). It also appears on Annexure II, the list of platforms whose URLs were directed for takedown (an earlier action). |
| Base spot fee | 0.40% (pay-per-trade) or ₹99/mo plan | 0.100% / 0.100% |
| Spot fee details | Two options. "WazirX ZERO": ₹99/month + GST, with zero trading fees. "Pay Per Trade" INR market: 0.40% at under ₹5 lakh 30-day volume with under 500 WRX held, falling to 0.10% (one rate, no maker/taker split published). USDT market: 0% "for now". GST extra. | Spot: Regular user 0.100% maker / 0.100% taker (global fee schedule). |
| INR deposits | UPI, IMPS, NEFT, RTGS. Deposit fee: not stated on the support page we checked. | Direct INR bank deposit: not published for India on the pages we checked. |
| INR withdrawal fee | ₹10 | Not published |
| INR withdrawals | ₹10 per withdrawal (incl. taxes). Minimum ₹500, maximum ₹2,00,000 per transaction, ₹10,00,000 per day. Instant or NEFT. | Not published for India on the pages we checked. |
| Notable incidents | 18 July 2024: more than $230 million was stolen from a WazirX multisig wallet. A restructuring scheme for Zettai (WazirX's Singapore parent) was sanctioned by the Singapore High Court on 13 October 2025 and took effect on 15 October 2025. The platform restarted on 24 October 2025, a first distribution was made to users, and Recovery Tokens were allocated by January 2026 for future recoveries. | FIU-IND imposed an ₹18.82 crore penalty for PMLA non-compliance (order dated 19 June 2024). |
FAQ
Which has lower trading fees, WazirX or Binance?
On the official pages we checked on 2026-10-21, the base spot fee was 0.40% (pay-per-trade) or ₹99/mo plan on WazirX and 0.100% / 0.100% on Binance. GST at 18% is added to fees. Higher tiers and plans can change this.
Are WazirX and Binance registered with FIU-IND?
WazirX: Yes (Annexure I, S.N. 8) Binance: Yes (Annexure I, S.N. 47). It also appears on Annexure II, the list of platforms whose URLs were directed for takedown (an earlier action). Registration makes a platform a reporting entity under PMLA; it is not a licence or a safety guarantee.
What does it cost to withdraw INR from WazirX and Binance?
WazirX: ₹10. Binance: Not published. Details: WazirX — ₹10 per withdrawal (incl. taxes). Minimum ₹500, maximum ₹2,00,000 per transaction, ₹10,00,000 per day. Instant or NEFT. Binance — Not published for India on the pages we checked.
Sources
- WazirX: Fee structure (Dec 2025 update)
- WazirX: INR deposit
- WazirX: INR withdrawal
- WazirX: Cyber attack preliminary report
- WazirX: Court sanctions scheme
- WazirX: Recovery tokens
- Binance: Fee schedule
- Binance: FIU-IND order
- Lok Sabha USQ 5805 (30 Mar 2026), Annexure I/II
Tax on any exchange: 1% TDS on sales and 30% + 4% cess on gains — estimate yours. Full table of 9 exchanges: Crypto exchanges in India compared.
More comparisons: CoinDCX vs WazirX · WazirX vs ZebPay · CoinDCX vs ZebPay · CoinDCX vs Mudrex · ZebPay vs Giottus · WazirX vs Bitbns · CoinDCX vs Binance
Updates to this page
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- Published from official fee pages and the Lok Sabha USQ 5805 list (checked 2026-10-21).