Traders can now invest in their preferred assets from the convenience of their own homes. In addition, traders can use online trading tools to get all of the tools they need to make successful trades. You may be a good trader & accept online trading into your professional career if you use the correct trading platform. However, despite the convenience which online trading tools provide for traders, you must exercise caution while selecting a reliable crypto exchange. Furthermore, not every trading firm is appropriate for every trader. A few of those might be too complicated for traders, while others may be too easy for experienced traders. So it’s critical to choose a company that can satisfy all of your needs exactly. Some of the good brokerage firms that are appropriate for all traders include Wobit. And in this Wobit review, I will compare Wobit’s top ten features to those of other online trading firms. You’ll know why Wobit is one fantastic decision for many traders after reading this review.
Wobit’s Top 10 Features
- A Proprietary Trading Platform
Firstly, I would like to discuss the significance of the firm’s trading platform. The trading platform now has a significant impact on that effectiveness of the trading expertise. It is because the whole trading procedure takes place on the trading platform. This website allows you to search for investment opportunities and place trade orders. If the trading platform’s quality is poor, you shouldn’t hope more in terms of profits.
Wobit provides a proprietary trading platform which has been built using “cutting-edge technology.” It’s critical to acknowledge because the cryptocurrency trade is quite unstable. The trader must have capable of keeping up to the asset’s quickly fluctuating nature. Under the supervision of professional traders and developers, this trading platform were created using “cutting-edge technology”. It assures because a trading platform is error-free and capable of delivering high-quality results. You could also use some advanced tools to assist you make well-informed & successful selections. The best aspect of this revolutionary platform is because it is still simple to use although a advanced technology employed in its development. The platform’s user interface is simple to use.
The Wobit trading platform comes as a web trader form. The website trader platform may be accessible via the company’s web. You easily can log into your account using your credentials from any device by visiting the website. Moreover, the website trader does not need any adjustments to your device, like downloading or upgrading software.
- Withdrawals and Deposits
To make deposits to your account when trading or investing online, you must using online banking techniques. It would be best if you also took your profits & withdraw your profit through your trading firm’s account. You must conduct these transactions through online banking ways. Many businesses, on the other hand, do not try to improve overall effectiveness of their procedures. You must go through lengthy procedures to complete each transaction in this manner. Many exchanges & firms impose commissions & charges on deposits & withdrawals in addition to the time it takes for approval. It might be discouraging, particularly for newbie traders who are likely to have lost money on their previous transactions.
Wobit offers the client-centric exchange that indicates the customer pleasure is a top priority. Keep in mind, that firm has attempted to shorten & simplify the transaction procedure. First, the company accepts a number of payment options, like “credit & debit cards, & bank wiring transfers making withdrawals & deposits.”
Regulatory requirements will demand you to produce some identity documents before your withdrawal request is processed, although it is a straightforward operation. However, since you had previously submitted all the proofs, people would not have required to do so before each withdrawal order. Wobit assures your withdrawal request around 72 hours that provides a fantastic turnaround time considering most corporations & exchanges take around 4th– 5th working days, if not longer. On deposits and withdrawals, Wobit charges no commissions or any kind fees. You will, however, be charged a refund fee if you want refund for your deposit. The best part was that the exchange were transparent, so there are no unpleasant surprises when you use it.
As a result, you can effortlessly perform all transaction procedures with Wobit because it has made every effort to make them simple and easy.
- Service Of E-Wallet for Free
When a trading firm & exchange provides any free service, you should surely take advantage of it. When you need to pay for a service individually when business exchange does not provide the service for free, this should be the case. Wobit’s service of free e-wallet is an incredible feature that people cannot neglect. Cryptocurrencies are stored in e-wallets, which are electronic wallets. They don’t required a physical thing/form. To keep the digital currency safe, you’ll require a digital wallet, often known as an e-wallet.
Similar for exchange platforms, there were a range of e-wallet service providers with whom you must register. You must additionally pay a fee to have the e-wallet verified. Additionally, you must ensure whether the service provider giving you is a secure platform or not for storing the cryptocurrencies. But it’s incredible that Wobit offers an e-wallet service for free. It saves your time & money by eliminating the need for a different e-wallet service.
A guarantee supports Wobit’s e-wallet service. It means that if a hacker gained access to the system and stole your funds, you will get repaid. However, because of the firm’s safety precautions, this is extremely unlikely to occur.
- Uncompromised Security & Proper Regulations
The first thing that everyone interested in online trading should keep in mind is that security should always come first. Online trading firms and exchanges are increasingly being utilized as a front for frauds, becoming more widespread as the number of online traders grows. Furthermore, because their system holds sensitive data of all of their customers & access to their funds, these trading platforms are vulnerable to hackers and other cybercriminals. You may have heard numerous instances of people losing money or personal information to online trading organizations. That is because the firm was either a fraudulent scheme from the start or had inadequate security standards that the hackers could attack.
You should not compromise on security precautions and ensure that the online exchange platform offers the highest level of protection. Wobit has implemented the most up-to-date security technologies to ensure that its system is secure & impenetrable to hackers. To ensure that no one else has access to your account, the firm uses 2FA (two-factor authentication). It implies that you must give physical verification of your identity when you log in to your account. Wobit also employs SSL (Secure Socket Layer) encryption, ensuring that all of your data is secured before being sent. As a result, even if an unauthorized individual gets access to the system, they will not utilize your data for their benefit.
“Anti-Money Laundering (AML)” and “KYC (Know Your Customer)” rules are followed by the firm to prevent unauthorized access to your account. To ensure that no one else may access your account online, you must give several proofs of existence.
- Instruments of Trade Supported
Wobit is another cryptocurrency exchange which allows users to trade a wide variety of assets. A large variety of cryptocurrencies are supported by this cryptocurrency exchange. These include large cryptocurrencies such as Bitcoin, Litecoin, & Zcash, & minor cryptocurrencies like “DASH, NEO, & NEM.
The truth is that the wide range in digital currencies available that allows traders can invest with less risk. It indicates that if the exchange offers less currencies, the trader may put more money into all among them than if the trader provides many possibilities. As the market price for one cryptocurrency drops, you will suffer a small loss that if you had invested a higher quantity in cryptocurrency.
In addition the impressive number of cryptocurrencies which the broker supports, you’ll find that it also offers for mining pool where you may process Bitcoin. Mining cryptocurrency is a challenging task. Thus, Wobit’s ability to do it is amazing. You may trade a variety of commodities with such a lower chance of losing money and create your Bitcoin simply having to buy any additional hardware.
- Trading with Leverage
You’ll be happy to learn that Wobit provides leverage with the commodities it supports. It means you may take advantage of the gain of cryptocurrency trading with leverage. One of the best features which an online trading system may provide is leverage. So, you might be wondering what the big deal is with leverage. Leverage, on the other hand, is the benefit that the system provides to your assets. It means that the company contributes to your investment amount to assist you in purchasing larger assets. It is a terrific approach to get closer to any financial goals.
Based upon the account option you choose, Wobit offers different leverage rates. All rates start at 1:100, that is already rather outstanding, and go up to 1:300 is the most advanced accounts. If you’re aware to use leveraged trading correctly, you can gain a lot of benefits. However, as beneficial as this is, trading using leverage has using its own set of risks, especially when dealing with a volatile asset like cryptocurrency. As a result, when utilizing leverage to invest in cryptocurrency, you should remember to take it slowly.
- News & Alerts in Real-Time
Since its beginning in 2009, the cryptocurrency trade has experienced significant changes. As its market prices rises and falls simultaneously, it is termed a pretty unstable asset. Therefore, traders & investors must figure out how to handle these fluctuations for locating the optimal time to invest. That is why professionals must always be aware of the current market scenario.
Wobit’s users can get real-time price & news updates. In addition, the exchange’s cutting-edge trading technology keeps traders up to current on market prices for all times & alerts them when attractive opportunities arise. The trader can then make an investment decision according to the calculations of other tools.
- Simple & Quick Registration
Frequently, the firm will issue a lengthy form of information collected as part of the registration process. At this point, one of two things could be happen. To begin with, inexperienced traders can find it difficult to fill out the form, and if it takes too long, they will have a negative opinion of online trading in general. Second, if the company requesting lot of data upon registration, users may decide not to proceed. Again, this is due to the difficulty of trusting such sensitive data to an online platform.
Because this data is required for the account verification, reputable trading firms will request it at various times. It makes it easier for the trader to provide their information & establishes confidence. As part of the regulatory obligations, you’ll be required to provide data like all this before processing withdrawals & making purchases. However, it would help if you were careful of firms that need detailed information straight away since this may be a fraud & a scam.
Wobit has a simple and quick registration process. The reliability of a trading platform you are signing up with may easily be determined from the process of sign-up. Basic information like your “Full name, an account password, email address, country of residence, & a working place number” is required. You must also agree to the firm’s terms & conditions before clicking the create account icon. And that’s it; the first phase of the account verification process is now completed in a few minutes.
- All Users Have Account Options
If you’ve been looking at different online crypto exchanges, you’ve probably come across the functionality of multiple account kinds. This account type is available to give traders of various backgrounds an appropriate financial strategy. The bulk of these online platforms, on the other hand, offer three to four account kinds. As a result, there are seven different account kinds available on this cryptocurrency exchange.
The accounts are designed to be as flexible as possible for traders of all backgrounds. And, because there are more account options than usual, more traders will discover trading conditions that suit their needs. The Trail account is the first in a series of accounts that includes the basic account, the trader account, a pro plus account, the VIP account, the millionaire club, and the VIP Ultra Account.
These accounts have an initial deposit rate of $300 & go up to $1,500,000. Professional and experienced traders can choose from a range of inexpensive pricing in between these two options. As you upgrade these accounts, the capabilities available to you expand. As you can see, Wobit provides a variety of options to attract as many traders as possible. You can choose whichever account type best suits your current needs and scenario. Once your career is stable enough, you can easily upgrade to a better account.
- Trustworthy Customer Service
When people sign up for online exchange system, people want to know that you’ll be able to rely on customer support when people need help. That is because many things are unfamiliar or difficult to understand when you are new to internet trading. So when you require assistance from the department of customer care, this is the time to do so.
Wobit provides a customer-focused exchange platform, making a concerted effort to provide the great services possible to its users. It includes offering trustworthy customer service. Traders can submit their questions through a variety of channels provided by the firm. Numerous email addresses, telephone numbers, and the online message option are included. Wobit team members is available 24 hours a day, seven days a week, so you won’t have to wait long for a response. In addition, the company includes a comprehensive FAQ’s section which covers the bulk of the most common queries that the traders could have.
If any exchange doesn’t provide solid customer service, it is best to avoid it because you will have no way of contacting them. Whenever this comes to the online financial platforms, you should ensure when they provide adequate communication if a customer needs assistance. Wobit assures its consumers that they are trading in a secure trade environment by providing reliable customer service.
I am confident that after studying the article, you will agree why Wobit is better option than the vast majority of cryptocurrency exchanges platform available online. Therefore, it’s reasonable to state that it’s one of the greatest cryptocurrency exchanges online. The high quality of its features & services assures which trader has a pleasant trading experience.
Wobit is an excellent choice for both new & seasoned online traders. If you’re a newbie trader, I’m confident you’ll know this comparison to be really helpful. In addition, it can be used simply as guide on everything that expect if you join a new trading firm. Therefore, I’m confident that you are interested in learning much about all this cryptocurrency exchange & signing up.