WazirX Relaunch in India – What’s Going On & How You Can Withdraw Your Money?

After months of uncertainty and downtime, WazirX — one of India’s leading cryptocurrency exchanges — is finally relaunching operations in India. In June 2024, WazirX suffered a major Security Breach in which $230 million was transferred to a Suspicious Address. But now the platform’s return marks a major step forward for Indian crypto traders who were left waiting to access their funds. Here’s everything you need to know about the relaunch and how you can withdraw your money smoothly.

1. Why the Relaunch Matters

The WazirX relaunch is more than just a technical comeback — it’s a confidence rebuild for India’s crypto ecosystem. Following operational challenges and security concerns that led to trading pauses and withdrawal suspensions, the exchange has undergone major restructuring and enhanced its security framework.

The relaunch signals that WazirX is ready to restore full trading and withdrawal functions with renewed transparency, stronger compliance, and improved infrastructure. For users, this means the opportunity to finally access their assets and re-engage with one of India’s most popular crypto platforms.

2. What’s the Current Situation

As the platform reopens, users can expect phased rollouts for different features. Fiat (INR) withdrawals have been prioritized to help customers regain access to their funds quickly, while crypto withdrawals and trading pairs are being reintroduced gradually to ensure stability and security.

If you hold funds in your account, it’s important to ensure your KYC details are up to date and your linked bank account is verified before initiating any transactions.

3. How to Withdraw Your Money from WazirX

Here’s a simple step-by-step guide to withdrawing both INR and cryptocurrency from your WazirX account.

A) Withdrawing INR (Indian Rupees)

1. Log in to your WazirX account.
2. Ensure your KYC verification is complete and your bank account is linked correctly.
3. Navigate to Funds → Under “Indian Rupee” → Click Withdraw.
4. Enter the amount you wish to withdraw and confirm the transaction.
5. Withdrawals are processed through IMPS (near-instant) or NEFT (within a few hours to 3 days, depending on your bank).
6. You can track your withdrawal status directly on the dashboard.

Key Notes:

• Minimum withdrawal amount: ₹20
• Fee: ₹10 per transaction
• Maximum withdrawal: ₹1 lakh per transaction, ₹5 lakh per day

B) Withdrawing Cryptocurrency

1. Go to the Funds section and select the cryptocurrency you want to withdraw.
2. Click Withdraw and enter the destination wallet address.
3. Specify the amount to withdraw.
4. Confirm the withdrawal through OTP verification and email approval.
5. Ensure the receiving wallet supports the same network as the one you’re withdrawing from to avoid loss of funds.

Important: Crypto withdrawals may still be limited in certain cases as part of the exchange’s phased reopening. Users are advised to monitor official WazirX updates for full functionality timelines.

4. Things to Keep in Mind

• Stay Updated: Follow official announcements for updates on trading pairs and withdrawal timelines.
• Verify Details: Always double-check wallet addresses and withdrawal networks before confirming any crypto transfer.
• Avoid Scams: WazirX will never ask for your OTP or password — beware of phishing attempts.
• Keep Records: Save transaction confirmations and screenshots of your balances for reference.

5. Final Thoughts

The WazirX relaunch marks a new beginning for India’s crypto trading landscape. It represents not just the return of a major exchange but a renewed focus on user safety, regulatory compliance, and reliability.

If you’re a WazirX user, take a few minutes to verify your account, update your details, and withdraw or manage your funds responsibly. The future of Indian crypto trading looks stronger — and more secure — than ever.