WOBIT Exchange Review
Read our WOBIT Exchange review and learn why we recommend this exchange for online cryptocurrency trading.
When I talk to new crypto traders who are looking for a trading platform, I always tell them to do one thing. I tell them that they should collect the reasons for signing up with the companies that they are considering. If you are a new trader who wants to step in the cryptocurrency trading world, I ask you to do the same. If you have a few options that you think are worthy of your business, make sure you start writing down the reasons for signing up with them. The more reasons you can write about a particular company, the more chances that you will be happy as a customer of that one.
Don’t make your decision based on pity. Just because an online platform does not have many traders should not mean that you should give it your business. Don’t gamble with your money in that manner. Collect the reasons, write them down, and see which option will be best for you. Only pick the one that you think will provide you with the best and most features. In my case, I followed the same strategy for picking up my first broker. I wrote all the reasons down about all of them and finally, I was able to decide that WOBIT was going to be the one for me.
Today, I will provide you with the ten reasons that convinced me to sign up with this online platform for trading my favorite digital currencies. Let’s see if you can find those reasons reasonable to.
|Trading Type||Cryptocurrency Trading|
|Funding with Crypto||Yes|
|Mining Allowed||Yes (Through WOBIT Mining Pool)|
|Cryptocurrencies||Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, etc.|
|Customer Support||24/7/365 (Phone, Email, Online Form)|
1. Customer Support
That’s the first thing I am going to talk about probably because most other reviewers completely miss out on this. They usually tell you very little about customer support. However, I will tell you everything based on my personal experience. I have signed up with four trading platforms so far and I have to tell you that I needed to contact the customer support every time. Things are always going pretty smooth and then one day, you run into something unexpected. That’s when you really need customer support agents to help you with your concern.
Interestingly, that’s also the day when you are able to decide whether or not you want to stay with the platform. If you can’t get anyone on the line or there is no one to help you with your trading account, there is no reason for you to stay. That can be quite a frustrating experience, and I am telling you that because I have been through it. I couldn’t figure out why the price that I entered the trade at was completely different when I finally entered. In other words, I was shown a different price on the software but it was completely different when I executed the trade. This was the fault of an outdated trading platform that the company was using.
However, what frustrated me more was the fact that I could not talk to anyone on the phone about my situation. With WOBIT, I have never been in that situation. Yes, there are certain issues for which I need someone’s help. The best thing is that they are always there to help me when I need it.
2. Easy Deposits
Depositing money in your online trading account should never be a problem. However, with some companies, it will become a huge problem for you. The first issue that you will face is that you will have to pay some fees and service charges when you do that. It seems funny yet frustrating that you have to pay money for depositing funds in your account. I am happy that I signed up with WOBIT because I don’t have to pay any fees or service charges that I am not sure about. Everything that I have to pay is already known to me. I am pretty sure that you will be feeling the same when you sign up with WOBIT.
In addition to that, there are other things that I really love about depositing money with WOBIT. So, I can use my credit card if I want to. I can do that when I have to deposit money fast in my account. When I deposit funds through my credit card, they appear in my online trading account within the next few minutes. However, there are times when I am just skeptical about depositing money using my credit card because I am not connected to my home network. That’s when I go with the bank wire transfer. What you are going to love about depositing funds in your WOBIT trading accounts is that you can go with the cryptocurrency transfer option as well.
Yes, if you have some digital coins in your possession that you want to use for trading, you can do that with the help of WOBIT. You will not have to incur the fees that are associated with converting your digital coins to fiat currencies and back from fiat currencies to digital coins. This is an ease that has really made things a breeze for me.
3. Trade or Stake
There are some things that I have seen only this particular platform offering. I have not seen these features from other companies even though I have signed up with a bunch of them. Now, I have to agree that these services are not meant to be provided to every single trader who wants to be a part of online cryptocurrency trading. However, WOBIT is all about offering opportunities to all types of traders. So, whether you want to take part in trading actively or go with something more passive, you can do it all with WOBIT. I am going to tell you how you can make money in multiple ways when you sign up with this broker.
So, firstly, you can open a trading account and trade your favorite digital assets. This is just like trading your digital currencies with any other company in the world. You sign up on the platform, you make a deposit in your account, you then use this money to trade various digital assets. The money that you have in your account is the only money that you can use for trading. You have to take part in trading actively to make money i.e. you have to look at the graphs and charts and trade the asset as soon as you see an opportunity. That’s not the case with staking, which is something not every new crypto trader is familiar with.
However, I have to tell you that this idea can help you make a lot of money. You just have to sign up with WOBIT and keep your digital assets with the company. The process of keeping the money with the broker is enough for you to make money. That’s something I have to admire about WOBIT because I have not seen any other similar company offer anything even remotely similar to this particular feature.
4. Safety for You
You must never take safety for granted when it comes to the online world. Now, in the real world, you have doors on your walls. In those doors, you have locks that you use every night to keep you and your family safe. In the online world, you have to do the same, but unfortunately, many new traders don’t understand this idea. They think that they should just be focusing on trading and making money as soon as possible. They ignore this feature and pay the price when they sign up with the wrong trading services provider. I have to say that the safety measures taken by WOBIT are the best I have seen online.
The company has made sure that you can feel safe while trading no matter what your background is. Whether you are from this side of the world or that, you can feel safe when you trade with WOBIT. Firstly, you have the KYC and AML policies in place, which ensure that every person that signs up with this company provides their detailed banking and personal information. You can’t really sign up with the company unless you disclose these pieces of details. However, when you provide such specific details on the internet, you need to look for encryption. Does this company have encryption in place?
That’s something only the best online trading services providers will offer you and I am glad to say that you will get it from WOBIT as well. Yes, every piece of data that you use with is encrypted as soon as you enter it on the website. You can feel safe while trading with WOBIT and rest assured that no one is going to steal your information from the system that belongs to the company.
5. Pick Assets from Many Choices
You have a variety of assets that you can choose from when you sign up with WOBIT. That’s not something common when you consider the new cryptocurrency market. This market has not been around for a long time. Well, I can say that it has been around for more than a decade, but you can’t really compare that duration with the duration of other financial markets. Talk about forex and stock markets, and they have been around since forever. So, when you choose to trade cryptocurrencies, you are trading new assets that are still trying to make a name in the world.
The problem is that many online platforms are playing it safe and their traders don’t even know that. When you sign up with those platforms, you will notice that they will not let you pick the position of your choice. In some cases, they will only let you buy the asset and in other situations, they will only let you sell those assets. At the same time, you will notice that they are not offering you many assets for trading anyway. In other words, you are stuck with only a few assets, which usually happen to be Ethereum and Bitcoin. If you want to go beyond these digital currencies, I have to recommend WOBIT to you.
In addition to Bitcoin and Ethereum, you have WOBIT providing you with access to some new yet very stable cryptocurrencies, such as Litecoin, Bitcoin Cash, Ripple, and many others. This way, you can diversify your crypto trading portfolio like experts suggest.
The leverages that you will get from WOBIT are not the biggest in the industry and I agree with that. However, there is a very important piece of information that you have to know before you can claim that WOBIT does not offer you great leverages. When you look at other trading platforms, they might even have leverages in the ranges of 1:1000. The strings that are attached with those leverages is that they are only on some specific assets. I can tell you with guaranty that they cannot offer you this leverage on cryptocurrency trading.
In fact, I can tell you from my personal experience that they usually offer you something close to 1:2 when it comes to leverages on cryptocurrencies. That’s just not very big. However, I am sure that you are going to love the leverages of 1:10 with this company because this will allow you to trade many digital coins and make a lot of money on them when you are successful with your trade.
7. Great Trading Platform
The trading platform from WOBIT is nothing short of genius. This trading platform has been designed by the company for you only. You will notice that learning this platform is no task at all. I have been with other companies and I can tell you that the trading platforms they provide you with look good only on the surface. When you start using them and spend some time with them, you realize that there is a lot wrong with them. The biggest problem is that you will take many weeks to learn them completely. On the other hand, this trading platform will start making sense to you from the first minute of using.
There are many things that I can admire about this trading platform but I will only talk about the ones that matter to every trader. The charts and graphs are great on the platform. The best thing is that you can use it the way you prefer. You can use it on your mobile device and desktop computers. You can even bring this software in your use on your tablet device. What operating system you have on your device does not really matter when it comes to using the trading platform from WOBIT. I am sure you will learn it within seconds and use it to the best of its and your potential.
8. Other Services
There are some additional services that you can get from WOBIT but many traders are completely unaware of this particular service. I have to tell you here that trading is not the only thing you can do with WOBIT. Firstly, you can deposit money in your account and open a savings account. This account will allow you to make money when you hold your digital currencies in your account for a specific period. Yes, you don’t have to do anything more than that. You can just deposit funds in your accounts, and keep depositing more with time. These funds will earn you profits in a very good percentage.
You can also aim for a loan when you sign up with WOBIT. I have to tell you that this service is something you might not get from any other company on the internet. There might be some, but I have not discovered them yet so I can’t really tell you about them. So, at times, you need money instantly but you don’t have it. You might have some digital coins but you can’t really convert them into fiat currency instantly. That usually happens to people who are holding on to some new digital currencies. You can’t really do anything with those currencies if no one accepts them yet.
That’s where a platform like WOBIT come into the picture. This platform will allow you to get a loan on your digital currencies. You can deposit your money with WOBIT, and get a loan on the amount. You can return this amount with very flexible rates so you don’t consider it a burden on your budget.
9. Segregation of Funds
This is yet another thing that I personally appreciate about this company. I have been told by experts over and over that I should only deposit my funds in an account where the broker does not keep its own money. Interestingly, I found out from the previous trading services providers, and they told me that they were going to keep their money and my money in the same account. That’s not the answer that you expect from a professional company on the internet. You always have to look for someone that can help you maintain your funds in separate accounts.
What matters even more is that you should only sign up with them if they tell you that your money will be maintained at reliable and regulated banks. I have been trading with WOBIT rest assured that everything was being taken care of by the broker in a pretty neat way. So, when you deposit money with this company, it will go into segregated accounts. These segregated accounts are only at the most regulated and reliable banks of the world. You can rest assured that these are the right people taking care of your money when you deposit it.
I can’t really tell you about a lot of other platforms that take care of such intricate details. Yes, it is an intricate detail because most new traders don’t even know about this particular issue. If a broker was to ignore this feature completely, the traders would never know. However, you know more when you sign up with WOBIT. It will take care of all your interests and make sure that you get the service that you can remember. And there is nothing more valuable than the sense of security that you will get from trading with WOBIT.
10. Account Managers and Education
Lastly, I have to talk about the account managers and education features that you will get when you sign up with WOBIT. I have to tell you here that the help you can get from account managers is really something you are going to love. There are many companies in the world that can provide you with great features, but if they are not willing to help you with the start of your trading career, you will not feel the need to continue with them at all. So, if you want to trade with confidence right from day one, I recommend that you consider signing up with WOBIT. It provides you with access to account managers who help you with your trading.
They will make sure that you are trading the right assets in the right financial markets. They will also ensure that you trade at a time when the chances of making profits are high. In addition to the account managers, you can get help from the training material as well. This training material will teach you everything basic and advanced about trading. You can learn what cryptocurrencies are as a starter and then move on to trading strategies that help you make money even when the market conditions seem to be going down. In other words, with those strategies, you can make money at just about any time you can imagine.
So, you can see that all the ten features I have told you are something that mean something to every trader in the world. I did not talk about features that anyone can ignore before signing up with an online broker. In this particular, I have mentioned only the features that will really make or break your trading experience. Based on this information, I am sure you will be in an easy position to decide about signing up with WOBIT.