With the development of India, many new things are introduced in the Indian Financial Market. One of them is Cryptocurrency, It first appeared in the form of bitcoins in 2009, and the technology behind it is far older. However, in recent years, they have grown in favor. Because cryptocurrency is decentralized, there is no central authority to back it up. As a result, the government is opposed to cryptocurrency. Cryptocurrency has emerged as a promising investment because, as can be shown, cryptocurrency does not go down with the rest of the globe. We will look upon one such Crypto wallet WazirX founder Nischal Shetty, Net worth of Nischal Shetty, When WazirX founded and many more things. Keep reading for acquainting yourself with Wazir X and its founder.
Who is Nischal Shetty?
Nischal is currently an entrepreneur who started his career as a software engineer. He established Wazir X, a cryptocurrency exchange platform that allows users to purchase and sell the various cryptocurrencies available on the market, and Crowd fire. He was the founder of four separate organizations.
He was born in the Indian city of Mumbai. His father was a restaurateur in Mumbai’s City of Dreams, and his mother was a housewife. He admires his father’s business, but he has no desire to join it. He’s always been interested in technology and wanted to work in the IT Sector.
Nischal Shetty’s net worth?
Nischal Shetty’s net worth is estimated to be about $5 million dollars. Being an entrepreneur and having his own crypto trading exchange platform, Wazir X, the largest and most trusted in India, is his primary source of income. Users can purchase, sell, and exchange prominent virtual currencies like bitcoin, Ethereum, and Litecoin.
Shetty co-founded Wazir X with Sameer Mhatre and Siddharth Menon in 2018. Binance, the world’s largest cryptocurrency exchange, bought it two years after it launched.
Crowd fire, a social media management start-up, was also created by him. Before launching his own business, Nischal worked as a software developer. And now Nischal Shetty net worth is around $5 million in US.
Personal Life Of Nischal Shetty?
Shetty was always interested in technology, even when he was little. He subsequently made the decision to pursue a career in that industry. He started his career as a programmer and software developer.
In 2007, he completed his higher education at Visvesvaraya Technological Institution in Belagavi, Karnataka, a collegiate public state university. He earned a Bachelor of Science in Computer Science from the university. When he began designing his own game, he began his coding experience.
Nischal Shetty’s Professional life?
Shetty began his profession as a coder, programmer, and software developer because of his passion for computers. From October 2009 until March 2011, he worked as a software developer and member of the core team at a firm called Burrp. Following that, he became an entrepreneur and started his own business.
He founded Twi5 in January 2009, which is a one-stop shop for customers to locate the greatest Twitter applications. The project only lasted ten months, ending in October of the same year.
In 2010, he also established Crowd fire. It is an AI-powered marketing assistant that currently has over 19 million users. It streamlines the management of your numerous social media profiles by consolidating them into a single user interface. It is for all types of enterprises, large and small.
Nischal Shetty established Wazir X in 2018. It is on its way to becoming India’s largest and most trusted bitcoin trading platform, four years after its start. The company has reaped the benefits of the growing number of traders who are investing in virtual currencies. They are now looking at other nations after outperforming their competitors in India.
Wazir X’s registered users have doubled to 6.5 million, with a trading volume of $6.2 billion in the second quarter of 2021.
His Twitter account, where he posts on Crypto and BlockChain, has a sizable following. Many aspiring entrepreneurs look up to Shetty and aspire to emulate his success.
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What is WazirX and When WazirX Founded?
WazirX is a financial services company based in India. The headquarters of the company are in Mumbai, Maharashtra, India. It is the most reputable Bitcoin and cryptocurrency exchange in India. WazirX’s focus is to get every Indian involved in the Blockchain revolution. At an unprecedented rate, the globe is going forward with this change. Net worth of Wazir X is 5 million dollars.
Wazir X introduced its WRX token in February 2020, based on the Binance Chain and Ethereum Chain. Binance, the world’s largest crypto trading platform, bought Wazir X in April 2021.
The Enforcement Directorate issues a show cause notice to WazirX in June 2021 for a bitcoin transaction of Rs. 2,790 crore. Wazir’s NFT platform went live in March 2021.
Following the Indian government’s decision to submit a new cryptocurrency bill in Parliament to restrict private crypto, the Wazir X app suffered tremendous user activity and server breakdowns in November 2021, setting a new record for trading in a year at $38 billion.
Some recent stories
- The co-founder of WazirX has denied claims that he intends to depart the company – In a statement, a company representative said, “Nischal is leading both Wazir X and Shardeum , and he plans to continue doing so.”
- Budget 2022 gives the crypto community new hope – Taxation on digital assets is a step forward, according to the CEOs of Coin DCX, Wazir X, and Coin Switch Kuber.
- Nischal Shetty, CEO of WazirX, and Siddharth Menon, co-founder of WazirX, are relocating from India to Dubai.
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The content above covers all the necessary details regarding cryptocurrency in India and the founder of a famous Indian cryptocurrency ‘Wazir X’. We have discussed Nischal Shetty net worth , personal life, etc. This article can also help you have a clear idea of investing in cryptocurrency and the various options available.
Ques1. Who is the founder of WazirX?
Ans. Nischal Shetty and Siddharth Menon, are the co-founders of WazirX. They recently shifted to Dubai.
Ques 2. How much is Nischal Shetty Net Worth?
Ans. 5 Million Us Dollers is the net worth of Nischal Shetty.
Ques 3. What are the platforms available in India for purchasing cryptocurrency?
Ans. To purchase cryptocurrency, you can use a variety of platforms/apps. Many Indian exchanges, such as Coin switch, Kuber, Wazir X, and Coin DCX, provide Bitcoin for purchase .
Ques 4. Is Wazir X an Indian company?
Ans. Yes, it is an Indian company. Although the founders of Wazir X have relocated to Dubai but their business is running as usual in Indian headquarters. It is headquartered in Mumbai, and none of its working practices have changed.
Ques 5. Is it safe to use WazirX app?
Ans. Yes, it is safe to use Wazir X. Wazir X keeps 95% of its funds offline, ensuring that they are protected from any hacking attempts. It is regarded as one of the most user-friendly platforms in India and around the world, with numerous competitors. However, when there is a lot of traffic, the app may struggle to keep up with the demands of the users.
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