How to Transfer Bitcoin from WazirX to Mudrex: A Detailed Guide

Do you want to move your Bitcoin from WazirX to Mudrex? Mudrex is a safe and easy-to-use platform, and it does not charge any fees for depositing Bitcoin. This guide will help you transfer your Bitcoin step by step.

Things You Need Before Starting

Before you begin, make sure you have these things ready:

• Verified Accounts: You need a WazirX account with some Bitcoin in it. You also need a Mudrex account where you have completed KYC. This includes providing your phone number, email, PAN card, and Aadhaar card details, along with completing a liveliness check to prove who you are.
• Enough Bitcoin: You must have enough Bitcoin in your WazirX wallet to transfer. You also need a little extra to pay WazirX’s withdrawal fee. For Bitcoin, this fee is usually 0.0005 BTC.
• Good Internet: Use a strong and stable internet connection, like Wi-Fi or mobile data, so there are no mistakes during the transfer. 
• Two-Factor Authentication (2FA): This is like a double lock for your accounts. Turn on 2FA on both WazirX and Mudrex to keep your Bitcoin safe. 

Step-by-Step Guide to Transfer Bitcoin from WazirX to Mudrex

Step 1: Get Your Mudrex Bitcoin Address

This is like finding the address of your new Bitcoin house on Mudrex.

1. Open Mudrex: Download the Mudrex app from the App Store or Google Play. Sign in with your email and password.
2. Go to Wallet: In the app, post KYC, look for a section called “Wallet” or “Coins.” Click on it.
3. Choose Bitcoin: Find Bitcoin in the list of coins and click “Deposit.” This tells Mudrex you want to add Bitcoin to your account.
4. Pick the Right Network: Mudrex will show you a network for Bitcoin. This is the path your Bitcoin will travel. Make sure it’s the same network WazirX uses. If you pick the wrong network, your Bitcoin could get lost.
5. Copy the Address: Mudrex will give you a special Bitcoin address. It’s a long string of letters and numbers, like a bank account number. Click “Copy” to save it. Check it a couple of times to make sure it’s correct, because even one wrong letter can send your Bitcoin to the wrong place.

Step 2: Transfer Bitcoin from WazirX

Now, you’ll tell WazirX to send your Bitcoin to Mudrex’s address.

1. Open WazirX: Open the WazirX app or go to their website. Sign in with your email, password, and 2FA code.
2. Find Your Bitcoin: Click on the “Funds” tab. This shows all the coins you have. Look for Bitcoin in the list.
3. Start Withdrawal: Click “Withdraw” next to Bitcoin. This means you’re ready to send your Bitcoin out of WazirX.
4. Paste Mudrex Address: Carefully paste the Bitcoin address you copied from Mudrex. Check every letter and number to make sure it’s exactly the same. A mistake here can mean losing your Bitcoin forever.
5. Choose the Network: Pick the same network you chose on Mudrex. If the networks don’t match, your Bitcoin won’t reach Mudrex.
6. Enter Amount: Type how much Bitcoin you want to send. If you want to send all your Bitcoin, click “Withdraw All.” But make sure you have enough to cover the withdrawal fee (0.0005 BTC) and meet WazirX’s minimum withdrawal limit (usually 0.001 BTC).
7. Check the Fee: WazirX will show you the withdrawal fee. For Bitcoin, it’s usually 0.0005 BTC. This is what WazirX charges to send your Bitcoin.
8. Complete Security Steps: WazirX will ask for your 2FA code or an OTP. Enter it correctly. Then click “Proceed” to start the transfer.

NOTE: Always double-check the wallet address and network. If you send Bitcoin to the wrong address or network, you might lose it forever, and no one can get it back.

Step 3: Check Your Bitcoin on Mudrex

Now, wait for your Bitcoin to arrive in Mudrex and make sure everything is correct.

1. Look at Transactions: In the Mudrex app or website, go to the “Wallet” section. Find the “Activity” or “Transactions” tab. This shows if your Bitcoin transfer is underway.
2. Match the Details: Check that the wallet address, network, and amount are the same as what you sent from WazirX. If Mudrex asks you to click “Verify Deposit,” do it.
3. Wait for the Transfer: Bitcoin transfers usually take 10 to 60 minutes. It depends on how busy the Bitcoin blockchain is. If it’s very busy, it might take longer.
4. Get Notified: Mudrex will send you an email or show a message in the app when your Bitcoin arrives. You can then see your Bitcoin in your Mudrex wallet.

Extra Tips for a Smooth Transfer

• Start Small: If you’re new to this, try sending a small amount of Bitcoin first (like 0.001 BTC) to test if everything works. Once it’s successful, you can send more.
• Save Your Address: Mudrex might give you the same Bitcoin address for future deposits. Save it safely, but always check if it’s still correct before using it again.
• Contact Support: If your Bitcoin doesn’t arrive in Mudrex after 2 hours, contact Mudrex support or WazirX support. 
• Keep Records: Take screenshots of your withdrawal from WazirX and the deposit in Mudrex. This can help if you need to talk to customer support.

ALSO READ:  Best Practices for Safe Crypto Transfers

Conclusion: Move Your Bitcoin Easily

You’re now ready to transfer your Bitcoin from WazirX to Mudrex! Follow these simple steps, and your Bitcoin will move safely to Mudrex’s secure platform. Enjoy managing your crypto with Mudrex’s easy-to-use app. 

Want to learn more or connect with other crypto fans? Join the official Mudrex Telegram channel for tips, updates, and support. Also, download the Mudrex app from the App Store or Google Play to start exploring all its features today! 

FAQs

How long does it take to transfer Bitcoin from WazirX to Mudrex?
It usually takes 10 to 60 minutes, depending on how busy the Bitcoin blockchain is. If it’s very busy, it might take a bit longer.

What is the fee to transfer Bitcoin from WazirX to Mudrex?
WazirX charges a withdrawal fee, typically 0.0005 BTC. Mudrex does not charge any fee for depositing Bitcoin.

Can I lose my Bitcoin if I make a mistake?
Yes, if you enter the wrong wallet address or choose the wrong network, your Bitcoin could be lost forever. Always double-check before sending.

What is the minimum Bitcoin I can transfer from WazirX?
WazirX usually requires a minimum withdrawal of 0.001 BTC, but check their “Funds” section to confirm the exact amount.

What should I do if my Bitcoin doesn’t arrive in Mudrex?
Wait at least 2 hours. If it still doesn’t show up, contact Mudrex or WazirX support with your transaction details.