PayBito and WazirX | A Brief Comparison Between The Two Biggest Crypto Exchanges In India
Lately, after the Supreme Court favoured cryptocurrency, India witnessed a boom in investment from buyers and traders who were looking forward to trying their luck in this market. Not only this brought a huge number of global crypto exchanges (including Paybito) to India but additionally pointed to their development as well. With light to this, it will be beneficial if you take a walk through the features of the two exchanges.
Prices on the Order Book
With Paybito being the pioneer of crypto exchange all over the globe, WazirX is an underdog champion when it comes to the comparison of prices on the order book. Here’s how:
After a brief comparison of both the exchanges, you can see that there is a huge variation in the prices on the order book. While the best price in Paybito being Rs 797143.047, the WazirX INR price highlights Rs 827409. This indicates a higher price on WazirX, and a lower rate on Paybito.
Variety of Assets
Global crypto exchange, Paybito possesses a broad array of assets. Other than that, the asset amount/volume varies to a great extent. There is a chance of a trader getting better volume at a lower amount.
Trading Fees
When it comes to trading fees, Paybito charges 0.1% trading maker fees and 0.075% when the transaction is paid in HCX. On the other hand, WazirX adopts a maker-taker trading fee model where they charge a fee of 0.1% maker fees and 0.25% taker fees.
Less Liquidity slippage
With Paybito’s Liquidity score, users can easily compare and understand the variation in liquidity beyond a diverse marketplace, unlike WazirX. Also, users can expect to witness less slippage on markets having higher liquidity scores. This ensures less unexpected transaction costs. With a tremendously high liquidity slippage, buying and selling happen to be quite difficult and unpredictable for users making them choose Paybito over WazirX.
