One of the most popular investment options that people are exploring nowadays is none other than cryptocurrency. The virtual currency market was founded in 2009 by a mysterious individual, Satoshi Nakamoto, when they launched Bitcoin, the world’s first cryptocurrency.
It hadn’t made a lot of waves back then and many people hadn’t expected much to come off it in the long-run. No one could have predicted how things would turn out because cryptocurrency has become a buzzword in the last decade and they are now being regarded as currencies of the future. As a matter of fact, some people have gone as far as to say that Bitcoin could actually replace gold as the world’s reserve asset.
Today, the cryptocurrency market is worth billions of dollars and there are more than 7,000 cryptocurrencies that can be bought and sold for a profit. It started in 2017 when cryptocurrencies first reached their peak and helped people in making massive returns.
The same kind of trend was once again witnessed in 2020, when the crypto market once again shot up and achieved new records, thereby allowing many people to make fortunes in the space. Suffice it to say, cryptocurrencies have garnered the attention of people looking for profitable investment opportunities.
As the demand for these currencies increased, it meant that there had to be platforms that could accommodate the influx of people in the cryptocurrency market. These platforms existed in the form of cryptocurrency exchanges, which are especially designed for facilitating the buying and selling of cryptocurrencies.
In the last few years, the number of cryptocurrency exchanges has increased two fold in order to keep up with the growing demand of these virtual assets. You can find hundreds of exchanges offering their services and each claims to be better than the rest.
Nonetheless, this doesn’t mean that you simply take their word for it. After all, no company or platform is going to highlight their flaws or shortcomings and will obviously claim to be the best at what they do. But, this doesn’t mean that they are being straightforward and not just trying to attract clients.
So, what should you do? When you have made up your mind to invest in the crypto space, you will obviously be looking for a cryptocurrency exchange to do so. But, you need to figure out how you will make a choice. How do you choose one exchange for your crypto buying and selling needs?
In order to find the best option, the key is to go over the services and perks you are getting and then choose accordingly. If you think the crypto exchange is able to live up to its claims and can offer you the kind of experience you want, you can go with that option.
So, where does Wynn-Exchange fall in this regard? This crypto exchange wasn’t founded that long ago and is based in Estonia. It has quickly gained some exposure because of its services, but can it be the right fit for you? Let’s see what it can provide and then reach a conclusion:
|Trading Accounts||Affordable Accounts|
|Assets Coverage||Cryptocurrencies; Bitcoin, Ethereum, and More|
|Trading Tools||Trading Indicators, Trends, Live Charts, Technical Analysis Tools, and Price Alerts|
|Education and Training||Yes, Glossaries, e-books, online video courses, webinars, tutorials, and expert sessions|
|Customer Support||24/5 through email and phone number|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
Invest from Anywhere
One of the biggest perks that cryptocurrencies have to offer to people is that they have eliminated boundaries when it comes to sending and receiving payments. As opposed to fiat currencies, crypto payments don’t involve hefty transfer fees and conversion costs, which is a big benefit that people can enjoy.
So, while cryptocurrencies offer this advantage, it can be frustrating for people if they are unable to buy and sell cryptocurrencies because of where they might be. You don’t want geographical restrictions to limit you when you are interested in investing in the crypto space. With an exchange like Wynn-Exchange this is not a problem that you have to worry about because they are providing their services to people all over the world.
No matter what part of the world you might be in, you will be able to use the exchange for making your investment in the cryptocurrency market. Even though the exchange is based in Estonia, they have catered their services to investors all over the globe, which is highly appealing, not to mention convenient for people.
Enjoy a lot of Variety
As mentioned earlier, the cryptocurrency market has experienced significant growth in the last decade. The tide started off with Bitcoin, but there are more than 7,000 cryptocurrencies that now exist in the market, which means that you will have plenty of options to invest in and some of them are quite profitable.
However, in order to be able to enjoy these opportunities, you have to find a cryptocurrency exchange that’s willing to give you access to this variety. This is where Wynn-Exchange can prove to be a solid option because they provide extensive crypto as well as fiat currency pair options.
They provide you the option of investing in some of the leading cryptocurrencies in the market, which include Bitcoin and Ethereum, and they are working on adding more as well. This means that you will not run out of options and will be able to earn a high return on investment (ROI), exactly what you were aiming for.
More importantly, Wynn-Exchange also supports different fiat currencies on their platform as well, such as EUR, GBP, USD, CAD, NZD, JPY and AUD, amongst others. You can use cryptocurrency to buy fiat or use fiat to buy crypto, as per your preference.
The support and availability of so many options at Wynn-Exchange mean that you don’t have to deal with any conversion charges, as you will be able to use your local currency for making your purchase. This is not a feature that you will find in many exchanges out there, which makes it a prominent benefit.
No Money Laundering or Other Fraud Activities
A major risk in the online world is that of criminal activities, such as money laundering, terrorist financing, financial fraud, identity theft, and various other illegal activities. A lot of cybercriminals use cryptocurrency exchanges for conducting such activities because they believe they can get away with it.
Wynn-Exchange is aware of these risks and they have taken steps to mitigate them in order to provide people with a safer and more secure environment. They have opted to comply with the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies, which are developed for the primary purpose of reducing such risks.
Under the rules of these policies, anyone who signs up with the Wynn-Exchange crypto exchange is required to provide some detailed documentation, which is used for verification of their identity and their residence.
Since such documents have to be provided, only authentic accounts can be created on the exchange and cybercriminals will not be able to use their services. You have to provide an international passport, a national ID card or a driver’s license as your proof of ID. To verify your address, you will have to share a utility bill or a bank statement that confirms your name and residential address.
These documents have to be provided in order to use your account on Wynn-Exchange. Unless your account is verified, you will not be able to use it for buying and selling cryptocurrencies.
Easy and Fast Registration
You have to open an account with a cryptocurrency exchange in order to be able to use their services and this means you first have to register with them. But, what exactly does this process include? Most people are not familiar with the answer, which can make it quite daunting and people can be quite nervous.
What should you expect? Obviously, no one wants to wait for days to register themselves because it means you will not be able to buy or sell crypto right away. Wynn-Exchange understands this feeling and so, they have kept their registration fast and easy.
You don’t have to worry about having to deal with any complex steps or procedures to register yourself with Wynn-Exchange. Their registration and account opening process is very simple; visit their website, complete the form and your account will be opened. These are the three simple steps and it doesn’t take you longer than a few minutes, which makes it a piece of cake for everyone.
As far as the form itself is concerned, you will be pleased to know that it doesn’t require a lot of extra or unnecessary details. There is a simple form that you have to complete on Wynn-Exchange’s website and it asks for you to enter your email address and password.
Bear in mind that these will be used as your login details, so you should pick those that you can remember easily. In addition, you have to share a legitimate phone number in the form as well because this will be part of your verification.
After entering these details, you have to confirm three things. First, you need to confirm that you are 18 or above in order to use the exchange’s services. Secondly, you have to agree with the Terms & Conditions that you will find on their website.
Several Payment Options
When you are buying or selling something, you will obviously have to make or receive payments, which means you need to know what options are provided in this regard. Crypto exchanges have their own payment solutions and you need to know the choices, as well as the charges that you will have to pay for making your payments.
This also applies to Wynn-Exchange and you will be pleased to know that they offer a number of options for you to explore when it comes to making payments. They have allowed their clients to use debit and credit cards, including VISA and MasterCard, which are safe and quick. Bank wire transfer is another option that can also be explored.
All procedures are safe and compliant, so you don’t have to worry about your money being stolen or ending up in the wrong hands. As far as charges are concerned, Wynn-Exchange has a 4.7% fixed commission applicable, so you will know exactly what you have to pay when you are making your deposits and withdrawals. In case the transaction is not processed, a fee of $50 is applicable. A minimum deposit of $200 has to be made for people to start buying and selling their crypto.
Use of Encryption
As you share sensitive data and information with the crypto exchange when using their services, it also needs to be protected. But, not all exchanges are proactive in this regard, which can be quite disappointing. Luckily, Wynn-Exchange doesn’t fall in this category and they have proven to be quite attentive.
They have an SSL (Secure Socket Layer) certificate on their website and use encryption for protecting all data that’s shared between them and their clients. This ensures that your information will not be compromised in any way and will not end up in the wrong hands. Whether it is your personal information or your banking details, all of them are kept safe and hackers cannot gain access to it.
The website is also monitored regularly to prevent any information leaks. Wynn-Exchange also recommends its clients use strong passwords and not share login details with anyone for keeping the data safe. With the features and services provided by Wynn-Exchange, you can also jump on the cryptocurrency bandwagon and start reaping the rewards these digital currencies have to offer.