Is WRX a safe investment? - WazirX Blog (2024)

FAQs

Is WRX a good investment? ›

Yes, WazirX can be considered a good investment. Various Crypto-oriented websites show a bullish trend on WRX and believe it is a good investment. So, if you are considering investing in WRX, you can go ahead.

If we talk about safety and security features, WazirX tops the chart with gold-standard safety measures. However, there are a few concerns over the limited options for depositing funds into a WazirX account, which are either done via a bank account or peer-to-peer (P2P) transactions.

WazirX can be considered a good investment for long and short-term investments. It is more likely to go up than down because of the excellent use case, well-designed tokenomics, active community, and a strong team behind it.

WazirX's accounts worth Rs 64.67 crore were frozen in August 2022 after the ED launched a money laundering investigation into the crypto exchange's alleged role in assisting 16 Indian fintech firms and loan apps by transferring money for them to unknown foreign wallets, according to reports.

Unfortunately, the WRX has much worse fuel economy than competitors and worse mpg than already bad previous-generation models. It's also one of the more expensive higher-performing compact sedans on the market.

A Subaru WRX will depreciate 45% after 5 years and have a 5 year resale value of $20,487. The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year.

Potential issues when withdrawing from WazirX may include entering an incorrect wallet address, which could result in lost and unrecoverable funds or unexpected transaction fees. Always double-check all details before confirming a withdrawal and review the fees to avoid any surprises.

One of India's largest crypto exchanges WazirX has said that 43% of customer funds lost in a recent cyberattack are unlikely to be recovered. In a virtual press conference, the exchange announced it is undergoing a restructuring process, which could take up to 6 months.

In July, WazirX, one of India's largest cryptocurrency firms was hit by a cyber-attack. More than $230 million of users' holdings were stolen—accounting for close to half of the platform's reserves.

2023 WRX Sedan Safety

The NHTSA crash tests returned a perfect five-star rating in every category, while the IIHS has given it a score of Good in almost every area, though some trims only get Acceptable for headlights.

Can WRX be reliable? ›

So which is the most reliable Subaru WRX year? According to RepairPal, the Subaru WRX has a reliability rating of 3.5 out of 5.0, with a rank of 32nd out of 36 compact cars. Therefore, one can argue that the WRX isn't the most reliable compact car. However, it doesn't mean it's automatically an unreliable sedan.

Is the 2024 Subaru WRX a Good Car? Yes, the 2024 WRX is a solid choice if you're seeking an affordable sports sedan. The WRX packs a zippy turbocharged four-cylinder engine and standard four-wheel drive, and while it feels quieter and more refined than some WRXs of the past, it's still lots of fun on twisty roads.

Cryptocurrency exchange WazirX said on August 19 that its laptops were not compromised in the recent cyberattack, which resulted in the theft of digital assets exceeding $230 million (Rs 2,000 crores) from one of their Multisig wallets.

WazirX CEO Nischal Shetty was strongly criticised for his slow updates regarding the cyberattack and for not resuming crypto withdrawals. While several crypto outlets have reported that North Korea-linked hackers were behind the cyberattack, this has not yet been formally confirmed by WazirX.

About 4.2 million of WazirX's 16 million users were struck by a massive hack of the cryptocurrency exchange on 18 July that wiped off 40-50% of their crypto balances. Most of those affected users were Indians.

WazirX Price Prediction Analysis

According to our current WazirX price prediction, the value of WazirX will increased by 252.05%, reaching $0.47 by end of 2026. All technical indicators indicate that the current sentiment is Bearish, while the Fear & Greed Index is reading 18.42, which means extreme fear.

According to data collected from verified new-vehicle buyers for the J.D. Power 2022 Automotive Performance, Execution and Layout (APEAL) Study, 72 percent of new Compact Sporty Car buyers are male (vs. 62 percent for the industry), and the median age of a new Compact Sporty Car buyer is 49 years (vs. 54).

Typically, the Subaru WRX STI will last 200,000-250,000 miles, with a high mileage point at 200,000 miles, and good mileage at 175,000 miles. If it's well-maintained, a used Subaru WRX STI with high mileage will serve you well. We hope this information is valuable as you hunt for your next car!

A: The Subaru WRX model years considered safe to buy used include 2017, 2018, 2019, 2020, and 2021. These model years have fewer reported problems and are generally more reliable.