Indian Crypto Exchange WazirX Charges Higher Gas Fee?

• WazirX exchange collects 30.43 USDT as a fee for 60.80 USDT.
• Ethereum network witnessing higher transaction fees.

WazirX, India’s most trusted Bitcoin and cryptocurrency exchange collects 30.43 USDT as a withdrawal fee for the minimum withdrawal amount of 60.80 USDT. That is equal to the actual withdrawal fund (50%).

The Crypto Exchange Fees Table (Source: WazirX)

When users of the WazirX exchange attempt to withdraw money, the platform displays fees that are higher than the amount being withdrawn, meaning the user would not receive any money from it.

The largest source of cryptocurrency, Twitter, was flooded with tweets from crypto exchange customers. Users of the crypto exchange tagged WazirX and asked them questions on Twitter. But the exchange has not yet responded to anything. That made too much noise on social media. Also, some customers stated that the fees were different for each account.

Additionally, the higher transaction cost may result in an increase in the Ethereum network fees during the week. While the median-sized Ethereum network transaction fee is 0.0025 ETH or $5.30 per transfer, the average Ethereum network transaction fee is 0.0059 ETH or $12.45 per transfer.

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