Comprehensive Guide to Buying Cryptocurrency: Coinbase and WazirX Demo

[Music] hello everyone uh this is the third video in my series

about cryptocurrency investment in the first video i explained about you know what is cryptocurrency investment

um explained it for people who have never done who never understood what cryptocurrencies have explained what is

cryptocurrency in the first place and then i explained about cryptocurrency investment

and in the second video i explained about you know what is my portfolio what are the cryptos that i have bought

why i have bought them with with rational and what i'm expecting out of them and like i said

i'm not a financial advisor and all i'm doing is basically giving you all the information so if you want to do

cryptocurrency trading you can do it with an informed decision uh in this video i'm going to show you

and people have been asking me uh for a week now that uh you know how do we buy it now that

you've said this how do we buy it in india in u.s uk where different countries

and where do we buy it from what's the best way so i'm going to do a demo of the crypto platforms that i use for

uk for other countries and also for india i mean there are two apps that i'm going to demo

end to end i'm going to show you everything basically from depositing your amount

uh to buying a crypto selling on crypto and withdrawing an amount and how to register with these two apps

as well and i'll also explain why i'm using two different uh apps or two different platforms and one specifically

designed for india and the other one is basically a global app and we'll also show you

uh how you can get 139 worth of free crypto genuine free crypto by just uh you know

going through a few processes and i'll also show a demo of you know how you can do that this is this is

basically very legitimate and very genuine it's not one of those internet scams um

and then there are a few things before uh you know we need before we get into the video that i want to explain one is

you know people have been asking me questions saying that we didn't get a notification about the video or they've

been asking me questions about video that had already posted so you know even i was getting my wife was getting

notification about my video like couple of days after i had posted so uh some of the youtube notifications do

not go well so uh i do have a twitter account uh which is which is on channel to london i also have a facebook page

which is on in general london again and you can follow me in either of these channels

and when i post a new video i'll also post a quick update about it and also you know if i buy a

cryptocurrency or a share that i'm i'm buying in uk i'll also post a very quick update about it

if i'm not posting a video so you can follow me in those channels as well if you want to know uh some quick

notifications from me um and finally uh you know big disclaimer is that uh

you know when i when i publish my first couple of videos especially in tamil which got

you know uh forty thousand views plus there were a lot of uh interest in in brand endorsements and

couple of uh exchanges even approached me for a brand investment in collaboration

but this is not a paid promotion this is not a brand endorsement or a collaboration with anyone

um i have not been paid for this video and you know i didn't want to do a paid collaboration

what i wanted to do was suggest the best apps that i have been using uh the ones that i felt comfortable

which is why this video is all about the one that i feel comfortable it's not a brand investment but

disclaimer having said that the links that i'm providing uh in my description for these two apps which is coinbase and

wazirex which is what i'm suggesting today in today's video i'm going to demo the

links that i'm providing are referral links if you're not comfortable with using a

referral link where i might get a small referral bonus then you can you can you're welcome to

directly go to their websites and sign up with them but you know the disclaimer is that

these are referral links the other most important point is uh when you are dealing with crypto the biggest

crippling factor is trading fees you know every transaction that you make even if you're buying like you know 10

rupees worth of crypto there's a lot of trading fees that comes into play and even if your crypto

exchange says that no trading fees basically that they are having a fees in place

it's just that they're showing you a different rate of offer they're probably giving you a higher

rate to purchase and a lower rate to sell which is how they are baking in and a

fees into it so i would rather go with a platform that is very transparent in terms of the fee

structure and they're giving me the best rates and today even if you're using wazirex

i'm going to show you how you can reduce your fees by nearly 50 by using a one simple trick

and i'm going to show a demo of that as well and explain how you can reduce your fees by almost 50 percent

so let's get into the video and and start looking at so first we'll explain coinbase

and then we'll explain towards the end of the towards the second half of the video we'll explain buzzer x

so in crypto there is a wallet and there is an exchange a wallet is basically where you can hold your krypton in

exchange is where you can actually buy and sell your crypto traditionally uh what used to happen was

in a wallet you were only able to hold your crypto uh like you like your wallet right and you can only put money in it

but you can't actually buy and sell in your wallet and if you want to buy and sell you go to an exchange if you

want to convert money for example from pounds to rupees or any other currencies you go to an exchange and convert them

but you keep your money in your wallet and you go into an exchange like that cryptos were also different in terms of

the wallet and exchange today a lot of wallets have become hybrids with

offering exchange facilities and a lot of exchanges are become hybrids by providing wallet

functionality to hold cryptos in the exchange itself so we are basically going to look at uh

two different uh uh apps or providers one is coin based for uh

uk you as rest of the countries and even in india you can use it but there is a small catch

um the coinbase is traditionally a wallet now offering exchange services where you can convert currencies and you

can buy and sell currencies and the the exchange that we're going to talk about for india is wazirex

wazirex in my opinion is traditionally an exchange and it's offering wallet services and

why are we talking about coinbase and wallet um coinbase specifically because i've been using it for nearly two to

three years and i found them to be the most easiest wallet and it's probably the most

trusted wallet in the world uh with with so many millions of phones being held in it

it is uh it is headquartered in u.s and this is a pretty safe company um you know with with today's market

there's a lot of exchanges there's thousands of exchanges coming up every day and and there is a danger real

danger that you know when when you have like millions of pounds that sitting with them worth of crypto

that they can actually walk away with that money because it's it's uh it's a it's a huge

risk and it's untraceable money as well that they can walk away with so it's a huge risk when

you're choosing an exchange or a cryptocurrency uh wallet for that matter and vaziriks again uh the reason why we

are suggesting vasirix is because they are actually now owned by binance which is the world's which is again the

world's number one uh crypto exchange from from a security perspective

it probably has the best functionality in this futures with regards to a crypto exchange so these two providers

are basically the world's number one in terms of the trust that they have one is a wallet another is an exchange

but they also offer hybrid services so uh let's look at coinbase first so if i'm going to trade in like 100

pounds or 200 pounds in a smaller amounts then actually coinbase is the best wallet out

there and it's probably easier as well if you're a beginner complete beginner coinbase is actually very easy and

you'll see the differences between even coinbase and version x but if you're going to trade a little bit

higher than that for example i keep most of my crypto money in a different wallet

and a different exchange the reason being they're a little bit more complex i'll be explaining them in my future

videos in my in my next videos uh but for if you're a beginner complete beginner then probably coinbase is the

best wallet to use so first thing is coinbase is available in nearly about 100 different countries

100 plus countries in fact you know in most of the the western countries like u.s and in

europe they offer full functionality except probably a few countries like germany

most of the europe they offer full functionality you can deposit you can withdraw

you can use your debit card you can use a bank account especially in uk is very beneficial because

you can use your bank account to instantly deposit them instantly withdraw money as well from them

use a debit card credit card you can convert and sell and even in asia they do offer support but

unfortunately in india at the moment they don't afford uh depositing and withdrawal from it

because of the rbi ban that was in place for two years even after after the withdrawal early in

march i think they have still not given the functionality to deposit and withdraw from your bank account

um so at the moment you can hold crypto in it you can transfer crypto in into it you can convert exchange you can

do all of it but you can't withdraw money from the game you can't deposit and withdraw

using your debit card or your bank account but you can transfer crypto into it and

get transcript out of coinbase so you can very well use it so you can watch the demo to get an idea of

how you can do exchanges and we can do all the other functionalities except for deposits and withdrawals into

your bank account from a coin based perspective and they have said in their website that

they are still considering it and you know anytime they could enable deposits and withdrawals for india as

well so when you get the link in the description uh when you click the link

in description you will see a screen like this that you were invited to try coinbase and

um it is always useful to if you have a laptop then use your laptop to sign up to coinbase

because if you're using a mobile there is a little bit difficulty in terms of you

know signing up to mobile if you don't have a laptop or a desktop then you can use your mobile to sign up

it's it's pretty similar but it's probably a little bit more easier in a desktop so um if you sign up using the

link with your name email address you will get like seven pounds worth of free bitcoin using my referral link i

if you if you buy uh 78 pounds worth of crypto then you will get about seven pound worth of

bitcoin free uh using the referral link that i have given in my description

and once you the sign up process is very very very simple and like like most other websites you know you

give your first name last name you choose a password uh you give your email address your email address is

pretty much going to be your login and a password has to be one capital letter one small letter and one special

character like most websites that deal with finances so um once you sign up you will get an email

notification which you need to click um to to basically activate your account and and

you might get a captcha like this to make sure that captcha is basically a verification to make sure that you're a

human behind the computer not not a program that is automatically trying to create dummy accounts

so they most of the websites today have this captcha and you would have seen it some of the other websites as well

i'm explaining this for people who have never done these kind of things before in their life

so um once you um get the notification in your email you need to click on that notification

to activate your uh you to verify that it's your email address and to activate your coinbase account

and then you'll need to enter your mobile and you'll get a mobile otp as well one

time password to set it up you also need to provide your identification documents like a driver's

license is probably more easier or any other national id document photo id document

that you need to upload to do your kyc know your customer and once you've done your know a customer

that's when your account is approved for further transactions now it is it is always useful and

sometimes it's mandatory to set up a two-factor authentication uh in in coinbase it does man it is

optional but you still need to do it and i recommend authy as the option to do it but i think if coinbase doesn't

support it you can use google authenticator but i prefer using authy

so once you set up authy there will be a qr code you can scan like this and then you can set up your account by adding an

account and then they'll give you a six digit number that changes every 30 seconds

which you can use to log into your coinbase so once you log into coinbase click on

your name and then click on settings and that's where you'll see the payment methods option so

click on the payment methods if for the first time when you do it and and if you are in a country where payment

methods are allowed like outside of india then you will have an option to say add payment

method i have added my bank account and my debit card i recommend not adding debit cards um

i have also added my paypal account but i can use it only for withdrawal i can't deposit from my

paypal account to the coinbase account so i have my uk bank account if you live in europe

then you have your euro bank account also and the the withdrawals are basically

instant and free um it comes and i'll show you an example where it comes really instantly

to deposit money from your bank account they'll give you a generic bank account for

coinbase that you need to transfer money to the first time you transfer it could take a little bit longer because it's

going to a generic bank account but they'll give you a reference number which is very important you need to note

down the reference number open your bank application this is my hsbc application i'm going to open it put the reference

number and then transfer the money 20 pounds i'm going to transfer it to that bank account and once i transfer

it it takes some time i'm going to wait for it and it also gives you a message that it

can take up to three business days if you're doing it for the first time um for me it took about like you know

five ten minutes and after five ten minutes you can see the funds that i've deposited have not come

into my account the 20 pounds is now in my account now my coinbase wallet if i go

to the portfolio or the wallet balance it will show this 20 pounds that has been added

on to my uh coinbase account and now i have 30 pounds worth of british phones or gbp

sitting in my coinbase wallet i can use this money now to buy and sell on buy and trade cryptocurrencies that i

want if you see my second video explained about chain link the the cryptos that i

have bought strain link band protocol um i have also talked about cosmos which is atom coin

and uh you know the the uh looping protocol you know lrc coin that uh i spoke about which is one of my uh

in my portfolio and then xrp that i also spoke about which was one of my historic purchases from my

portfolio so these are like five or six coins out of my portfolio that you can buy in connie's coins

uh in coinbase not everything that i mentioned in my portfolio that you can buy here because i'm not

um i'm going to talk about those coins in my subsequent videos but in this you can pretty much buy these

these major five or six coins and you can also see the circulating supply what's the volume and

why this is important i explained it in my first video and you can see all of that information

in coinbase itself note that i'm i'm buying it and when i'm buying it incidentally when i was shooting this

video i bought it at a price of 6.88 nearly 680 rupees

per link and i'm going to buy it at that point i'm going to buy just one link as a demonstration and you will

notice that the fees is about 0.99 for 10 pounds worth of uh chain link that i'm buying it's 0.1999

uh that i need to pay as a fees but when i click on buy chain link

um you'll notice that it is instantly um it is done and if i go to my portfolio the money 10

pounds is taken out of my british ponds and now i have one link which is nearly roughly 10 pounds worth but

because 99 pence went into the fees transaction now i have nine pounds worth of crypto

of of chain link sitting in my account so it's basically that simple it takes like literally a couple of seconds for

you to buy it once you have funded your account with uh with money it it is really that simple to buy

uh crypto now this is a link chain link that i sold like couple of weeks back where i sold it for nearly about 8.88

nearly roughly about 980 rupees and i got about two pounds difference in terms of the

um chain link that i'm buying now so i sold it at a higher price and now i'm buying it back at a lower price

so if it goes back again i can sell it for a profit again that's how you trade that's how you make

profit out of it now let's look at the uh free coin free cryptocurrencies in

coinbase so this is called as coinbase on where uh they will give you free cryptos um

for you to look at some some explainer videos and answer a few questions this is

uh really basically about educating people about some cryptos and giving cryptos in return as rewards for them

for going through and understanding what those cryptos are about the intent is that you will buy more

cryptos by understanding the cryptos one disappointment that i have is that currently it is not

eligible or available for people in india and this was something disappointing for

me when i was shooting this video i was expecting that india was available here it is available in most european

countries in u.s in in uk uh singapore for that matter but in india it is currently not available but

you know i think uh you know they're they're saying that they're working hard to make it a

naked available in more countries and and hope that it is available in india quite soon and

the most important thing is you should have only one coinbase account do not attempt to create multiple

coinbase accounts just to get free crypto out of it so let's actually look at i'm going to

show you a demo so i have earned some free crypto but i've kept some of the free crypto unearned

to do this demo basically and i'm going to show you how i want it so like for example oxt i got six dollars

worth of crypto as also i got six dollars worth of crypto die i got six dollars and there's

this money remaining that i have to um earn still which i'm going to show you with a

demo as well so let's take cello as an example cgld is the code for cello crypto

it's a new crypto that's coming to the market new relatively new and uh they are basically going to show

me a two minute video and i'm going to learn with you basically what uh sello is what cgld is

and why one should buy it and once you've seen this two minute video you need to answer a very simple

question it's not that you get it wrong and you don't get the money but it's basically

about education so you can retake that question if you want and once i uh click the right answer i get

two dollars just like that uh two dollars worth of crypto just like that so there are three lessons basically and

each of them two minutes long you listen to the two minute video the answer is in the 2-minute video

you understand what that crypto is what it does and why people should invest in that crypto

basically you're just going through on the video and understanding that video and once you've done that in all of

these three lessons which are two minutes long you get a question in each of them

and again i'm going to select the right answer and once i select the right answer just

like that i get another two dollars worth of crypto free so this is uh you know i can make six

dollars worth of crypto just in day alone in these three lessons in about six minutes time just

going through this and answering a a simple um question like i said it's a way for them to promote their

coins promote awareness about those coins and when people know more about it there'll be more

support for the coins and um i just showed you about cello which is cgld

and there are several other coins where you can earn free crypto like this and in some of the free crypto um it might

probably say so i'm going to show you where the crypto is coming so you can see the six dollars

worth of free crypto which is nearly 2.4 um cgld and and 4.71 pence of pounds worth of it six dollars is 4.71

that is sitting in my account and some of the cryptos will if you go to it will probably say that

all of it is being claimed and you can uh you can be notified when it becomes available

so you can put a waiting list over there and i got uh for a few of the waiting lists

that's how i got it you know maybe a couple of weeks couple of months but you get a notification saying that

it is available now and you can go and start the course at that point when you get the

notification even if it is not available immediately for you to start the course um there are so there's basically this

is the list of all the cryptos where you can get the free cryptos and there are about three coins

uh z cash uh basic attention token zero x where they are still um

in waiting list but the rest of them are still currently available and it's about fifty nine dollars worth

on top of it eos and stellar lumens they offer forty dollars each ten dollars for each referral up to four

people so maximum of four people um so you can refer your friends for it and and four people actually take up the

course and do that referral and do that uh self learning course then you get 10 worth of it that's how the

80 dollars come in to pay so basically 59 from just your learning alone another 80 dollars from a referral that

you can get which is roughly about 139 that is currently available to be claimed in coinbase

and like i said it's currently it's about 10 000 rupees worth but it's not available in india unfortunately

till now so i'm going to show you coin i showed you the coinbase web app i'm going to show you the coinbase mobile

app as well it's again very simple to use probably uh one of the one of the most

simplest uh crypto mobile wallets to use so again you know there's a i transferred in

about uh nine link from another account and i'm going to sell it i showed you buy and i'm going to sell it in

the mobile app i'm going to show you the sell process so i can click on the cell max which means that i'm going to sell

all of my link uh again like i said uh there's a coinbase fee so

i'm selling about 72 pounds worth of it and i'm paying nearly 299 coinbase fees again this is there are

ways to reduce this fees but coinbase is probably nominal i would say so i've sold it i've got 72 pounds

sitting in my coinbase account now how do i withdraw it it's basically again very simple you click on that

72 pounds and you click on withdraw button so when i click on widra i need to put how many how much money i

can be do i can better part of it or the whole amount i'm going to wish the whole amount

so i'm going to say 72 pounds and i'm going to take it to my uk bank account which i have already registered in the

first step and um i can also withdraw it to my paypal account if i want so if i click on withdraw now

i'm doing it like at 207 in the afternoon and once i click on withdraw now literally in the next second the

money comes into my bank account i'm also going to show you my bank account this is my bank account

where the money is literally 208 it has literally come into my bank account and free trade incidentally

is my share trading sales that i've still not got even after a couple of days so crypto i got it instantly out

of coinbase and shar trading i haven't got it even after a couple of days

so for india uh like i said wazirex is the uh most trusted uh exchange that i i

think in my personal opinion because it is owned by binance and binance like i said is the world's

leading exchange and so it's a very simple process again for sign up

and the link that i've given will directly take you to this page where it will tell you there is a sign up now

button and again if you can sign up using a laptop or a desktop then it's a lot more easier

but if you don't have it you can sign up with your mobile as well a little bit more difficult

so similar process to coinbase uh you enter your email address password and you

um you know you sign up and then you get an email verification and you click on the email and it will

get verified the the account will get verified um again authenticator app that you need

to sign up very similar process to coinbase where you can select the authenticator if you

don't have authy uh if you're not able to install loti you can use google authenticator

but i would suggest because it's a lot more user-friendly authy and it's also compatible to transfer to

another phone when you want to do it so you scan the qr code from your authy app

or the app is on my right in my mobile and on the left is my laptop once you scan it there is a six digit

code that comes in you enter the six digit code into the two factor authentication screen on your uh

xerx account and then it is linked together basically and then every time you log in it will ask you for the

the two factor authentication in a new machine now you select the country as india and

this is where it becomes more important and and where the difference comes in only with kyc you will be able

to do the withdrawal without kyc you can deposit but don't deposit till your kosc is done

because you know there are options there are occurrences where uh kyc doesn't get done and

i was testing with a couple of my friends and um there were a few challenges with regards to kyc because

of documents i'll explain what it is so complete your kyc before you do your first deposit

what you need for your kyc is you need to enter your pan number the front of it and

you need to upload a picture of your pan number and you also need your other card the front and back of your other card

you need to put a picture of it you need to upload a picture of it you also need to hold the other card

take a selfie and you need to upload the selfie of the other card as well the challenge comes in where some people

the the name in the pan card and the other card are slightly different but some people only have the first name

and they have initials in the other card whereas they have the full name in the pan card

so you might need to basically send another mail to the help desk and they'll get it

authenticated initially they could come back saying that the names are different but send the documents back and just

contact help and they'll authenticate it this is what happened with a couple of my friends as

well so if your names are different again you can do this process

but again very straightforward process turnaround times are very quick you know i got some of my

kyc done for my friends in like you know 10 15 minutes as well sometimes it could take half a day

so once you've done then you get the screen like where you have inr wallet if you are registering i

registered as a uk citizen as well i didn't get this inr option except that i got everything else

so once you have the ir you click on deposit and you can link your bank account number you can give your

bank account number and ifsc code and you click on submit which then links your bank account to

your xerx account from that point onwards it's very simple to transfer your money

from your bank account to your wazir exactly similar to how we did it for coinbase so deposits and

withdrawal are both similar to that but if you are not done kyc it will still allow you to do the deposit

but if you click on the withdraw option without doing the kyc then it will tell you

that your account is not verified so like i said don't deposit money into it before you uh have

done your kyc and know that you can withdraw money out of it now there are some other things

where it says deposit but the other crypto deposits are basically where you buy it from another crypto like

coinbase for example and then you transfer it into this and some of the cryptos are supported like xrp is

supported where you can transfer from coinbase to azure x some of the cryptos are not

supported like for example chain lick you can't transfer um the crypto from coinbase into um wazirex whereas in many

other wallets all of the cryptos are transferable from one wallet to another wallet

some limitations here how do you buy it so you go to the section slightly different

like i said you know coinbase was a wallet hybrid as a exchange version x is an

exchange hybrid as a wallet so you go to the exchange and there are three tabs usd

btc and inr if you go to inr there are only limited pairs only about 10 or 12 pairs that are

available where you can buy a crypto or exchange crypto using your inr directly for

example xrp i can buy um using inr directly and i'm going to do it i'm going to

put in an amount that i want to buy on my right um and i'm going to say that click on buy

xrp now immediately it did not go through because you know i i spent about two seconds before i actually

clicked on buy in the two seconds the price had changed so you really need to click on that the

lowest price been in during buying you have to click on lowest price and doing selling you

have to click on there is a button called lowest price or the highest price there

and you click on the button and immediately click on buy xrp then it goes through the first time it didn't

work for me so i had to do it the second time where i had to adjust the price again

because the price had fluctuated during the point so the price increased by 20 paisa almost and then i

clicked on buy xrp immediately and then it immediately went through so if you face this challenge where

your buy did not go through immediately then make sure that you click on the lowest price again

it might have increased slightly then you click on buy x or buy whatever currency that you want and

now it shows that it is now completed and if i go to if i click on the funds tab

uh you can see that the xrp that i had bought is now showing up in my account it's

again that simple to buy a buyer buy a crypto in wazirex again so it has taken out money from my rupee

um account and then it has con it has converted and bought the

xrp now how do i buy the rest of the currency like chain link or any other currencies for that matter so

you need to first convert your inr into usdt which is a tether uh cryptocurrency so usdt is basically tether

cryptocurrency it's called a stable coin where it is always linked to one dollar the price will not go up or

higher the price will remain tied to the u.s dollar so uh it is called as a stable

coin there are a few stable coins like usd usdc in bazirix they support usdt so

you will have to buy usdt first and then you will have to use the usdt to exchange it to

another cryptocurrency so you can only buy the limited cryptocurrencies using your

inr so i'm going to buy usdt here and again the first time that it didn't go through

and i'm going to basically cancel the order cancel the order and i'm going to buy it again because the price had

changed during the two minutes thought i know 10 seconds that i was explaining during the video so now it's uh it's

bought and i have uh usdt in my account so if i go to my funds tab

i can see that i have xrp and i also have usdt in my account so i have 10 usd that i have converted

using 700 rupees of my indian rupees wallet so now i go to the exchange tab and instead of the inr tab

now i go to the usdt tab because i have usd in my account and i click on the link usdt path this

is called as a pair which means that if i give usdt or if i give usdd i'll get link

or if i give link i'll get usdd that's pair it's basically a barter system so now i'm going to use my usda i'm

going to click on buy link so i'm trying to buy link using my my my 10 dollars worth of usdt

but it's saying that the minimum i need to buy is 1.11 and i can only buy 1.04 which means not allowing me so there's

some limitations in version x whereas show is asking you to buy um you know

as a lower limit is that in some exchanges there is no lower limit you can basically buy like 10 rupees worth

of crypto as well so here it's asking me to buy nearly about 12 worth of it so i funded my

account with twelve dollars and i bought chain link and now i have one point two chain link

which is roughly 934 rupees so similar to how we bought chain link in uh in coinbase we've now done it in uh

version x slightly different process because this is a exchange rather than a wallet to uh

start with but you can hold your cryptos here like a wallet in the fun step

so that's how we buy xrp or we buy link or any other coin for that matter now i'm going to

sell my link so i'm going to go to the same usdt pair because if i want to convert link into

indian rupees first i need to convert it into usdt so i'm going to go and sell my usd sell my link into usdt

convert it into usdt so my link has now become the stablecoin of usdt i'm again going

to go to exchange tab i'm going to go to the inr to usdd pair and i'm going to sell my

usdt which i have now got an account and convert it into inr that's how you need to do it so there is a

intermediate step in between if you want to directly convert your link into inr you can't the power

supported don't allow it so i'm going to sell my usd link to usd usdt to inr and now i got my inr in my

account and now i can actually withdraw this inr into my bank account

similar process to coinbase again now that you have linked your bank account you can actually withdraw it now i will

show you a demo of the web app version x again similar process to coinbase you have a mobile app but

the mobile app is in some ways it's better in some ways it's not better for example transferring in a currency

if it is not supported from from another crypto or crypto wallet or another exchange

it directly shows you in that screen itself where there is no uh deposit button there you know if uh

if there is a deposit available bat for example ava for example uh if the if i can transfer from another

crypto wallet to this one it has a deposit green button shown there which means that i don't

have to search for which ones are enabled which ones are not enabled so that's a bit little bit more

intuitive again you have the usdt pair you have the btc parent you have the inr pair btc i wouldn't

recommend because the price of bitcoin uh from a from a volatility perspective is too high so i wouldn't recommend

using the btc pair unless until you really want to buy bitcoin use the btc

um so again buying and selling process the the uh exchange screen is entirely similar

to what we saw in our uh um you know web app in our web so the you can click on buy and you click on

sell and you can do the exchange from inr to xrp or from inaudible to buy or sell your

link similar to how we did it in the uh web application so that's how you do it and every time you do it there is a fees

that is associated with it there is a 0.2 percent fees that comes into play and

once you uh place your order you will get an email to confirm that you you placed your order and the

order has been executed and that email will also show you you know what your fees is and you know how much you paid

as a fees and how much amount you paid in inr or in usd and how much you converted into

whatever crypto that you bought or sold and you can see your history also in the history button where

you can see what all exchanges you have done so far in in in terms of the cryptos that you bought

and sold so this is my trading report that i get from wazirex and you can see that for

every transaction that i'm doing if i'm paying the fees in inr i'm paying like two rupees and one rupee fifty peso

three rupees and it just goes on right so on an average if i'm doing like 20 or 30

to me 20 transactions for that matter i'm spending like 50 rupees 50 rupees to even 100 rupees at that

matter for that matter in fees alone now what can i do to reduce this fees you know

how can i reduce this fee to 50 percent right so if you go to settings and you click on fees in your account settings

in version x in the laptop or in your in your mobile you see there is an option to pay

trading fees with the wrx wrxs version x own cryptocurrency coin and you get a 50

discount by paying your fees in wrx this is very important because the fees actually

accumulates over a period of time and i'll show you with a demo as well you know is it really true that you are

actually going to get um 50 discount by using um wazirex i mean the the wrx token so first you

need to buy uh so vazirik's basically wrx is basically about 7 rupee 31 pins

31 paisa in value so i'm going to actually buy um zerex and keep it in my account so

i'm going to key i'm going to buy an um so minimum transaction or minimum version wrx that you need to buy is

50 rupees so i'm going to buy 350 rupees roughly about 366 rupees worth of wrx and keep it in my account um to show

you this demo so this is probably the first step that you need to do uh if you're going to buy a

cryptocurrency 50 wrx or you need to buy minimum of twx but you can sell it back at any point of

time so i'm buying 50 wrx and i'm going to hold this wrx in my account

so i have 50 wrx now now now i'm going to do the same transactions where initially i bought

xrp um i'm going to do the same transaction with inr and i'm going to do it with wrx

so when i did it with inr without that option enabled i spent about 50

roughly about 0.5 rupees in fees which i can show you in this report when i did it with wrx i spent about 0.035

wrx now how do i know this is really half right so i am going to do a comparison

of i'm going to i bought same amount of tokens about 14 xrp for both the transactions

so point um zero three five wrx multiplied by seven point three is uh 26 pisces so which is exactly half of

my fees that i paid in inr so that shows you the 50 discount is working if you pay your fees

in wrx so this is a very important step that you can do uh you can make sure that

your fees doesn't add up so because you know ultimately we spend like you know um you know 10 or 15 transactions you

might spend up uh end up spending like you know 200 or 300 rupees in fees alone and this way you can basically reduce it

to 50 percent you can spend only like 100 rupees or 150 rupees from a fees perspective

so now i'm going to show you how we can transfer cryptocurrencies from one wallet to another wallet or one exchange

to another exchange for that matter so in this example i'm going to transfer from wazirex to coinbase

the process to transfer from coinbase to a zerix is also exactly the same you just do it the other way around

so if i try if you want to transfer usdc a stable coin for that matter right or any ethereum based coin then you will

see what the process i go and copy the address i copy my address for every crypto there is an address associated

with it and i go to my versirx account i'm going to try and paste this

this address and say you know what does it take to transfer this amount but if i want to transfer 23 us dollars

worth of usdc this is another stable coin it says that i have to pay eight dollars worth of

withdrawal fees so nearly like one third of the amount that i need to pay in withdrawal fees

so i'm not going to do this i'm going to cancel it and i'm going to come and look at my xrp address so i'm i'm coming

here and looking at my xrp address xrp address is a bit unique where it has two addresses

one is a wallet address another xrp tag so i'm going to was verzerx and i'm going to go to my xrp

i've converted all of my crypto into xrp now and i'm going to select xrp and try and

withdraw xrp send xrp to my coin base address and here again you can see the

destination address and there is a destination tag which was shown in coinbase so i am going to first paste

the destination address and i'm going to go back to coinbase copy my destination tag as well

and come here and put the destination tag so xrp is probably a bit unique where it has two addresses just the

wallet address and tag as well like how you transfer in a bank you have a reference as well right

so like that so you need to put the destination tag and you can see the withdrawal fees is

literally 0.25 x rps out of roughly 100 xrp the face is very very negligible

unlike where uh you know stable coins and ethereum coins there is literally one third the price

so it asks for my um authenticator account i use my authy as the authenticator account which i showed you

in the first place get the authenticator code and click on authenticate

and that's it uh it's done but it will send me for the first time i do it it probably might send me an approval

email and just to make sure this i i'm doing this withdrawal so i go to the email and click on approve withdrawal

and the funds will come into my coinbase account from wazirex in a matter of minutes you know it could take like even

like sometimes it takes like less than a minute to come into my coinbase account

so i've received it in my coinbase account here um and i spent literally 0.25 worth of

xrps piece so very low fees i was able to transfer from my version x into my coinbase account and if you want to

transfer from coinbase to v0x this is exactly the same process you just do it the other way around you

get the version x address and you uh copy i mean you paste it into coinbase and transfer it from coinbase

to version x so hopefully uh this video was useful to you and people who have never done

trading who wanted to understand trading even if you have done trading if you want to understand some of the nuances

reducing your fees and all those tips and tricks hopefully i was able to teach you something do

post your feedback and your comments because your feedback is what keeps me going spending

um an enormous amount of time making these kind of videos so do post your feedback and also you

know follow me on the other social media channels like twitter and facebook so again until next time thank

you bye [Music] you