Introduction
The WazirX Referral Program offers an exciting way to earn rewards by inviting friends to trade on India’s leading crypto exchange. This guide covers everything you need to know about eligibility, tracking rewards, and maximizing your earnings.
👉 Discover how to boost your crypto earnings with referrals
Key Updates (Effective April 1, 2024)
- INR Market Trades Only: Referral rewards now apply exclusively to INR/crypto trades. Non-INR market trades are ineligible.
- Reward Currency: Distributed in INR (no crypto payouts).
- Monthly Payouts: Rewards are credited in the first week of each month (previously daily).
- 10% TDS Deduction: A 10% tax (under Section 194R) is withheld during payouts.
How the Referral Program Works
- Share Your Link: Send your unique referral link via email, social media, or messaging apps.
- Friend’s First Trade: Your referral must sign up via your link and complete their first trade.
- Earn Rewards: Receive up to 50% of their trading fees as INR rewards, based on your WRX holdings.
👉 Start referring friends today
Eligibility Criteria
- KYC & PAN-Aadhaar Link: Only verified Indian users qualify.
- Trading Threshold: Minimum INR 10,000 traded in the last 30 days.
- WRX Holdings: Reward percentage scales with WRX held (e.g., more WRX = higher rewards).
- Restrictions: No self-referrals or ads promoting referral codes. Non-INR trades are excluded post-April 2024.
Reward Structure & FAQs
How much can I earn?
Earnings are uncapped! The more referrals trade and the more WRX you hold, the higher your rewards.
When are rewards credited?
Monthly, by the first week of the following month.
How to track referrals?
Check the "Referrals" tab for:
- Total referrals and rewards.
- Reward history and referred friends (anonymized for privacy).
Pro Tips to Maximize Earnings
- Promote Strategically: Share your link via social media, chats, and emails (avoid paid ads).
- Educate Friends: Highlight WazirX’s benefits and how they gain by using your link.
- Hold WRX: Increase your reward rate by accumulating WRX tokens.
- Encourage Trading: More trades = more rewards.
Important Rules
- No misrepresentation of rewards.
- Fake/duplicate accounts result in disqualification.
- WazirX reserves the right to modify program terms.
Note: Report misuse via official support.
FAQ Section
Q: Why didn’t my referral count?
A: Possible reasons include incomplete KYC, no first trade, or signing up without your link.
Q: Can I refer users outside India?
A: No, only KYC-verified Indian users are eligible.
Q: How is TDS handled?
A: A flat 10% is deducted from your reward during payout.
Final Notes
Stay updated via WazirX’s Twitter and Telegram. Happy referring!