Wobit is a cryptocurrency exchange that allows its customers to trade various cryptocurrencies on its efficient trading marketplace in a comfortable and secure trading environment. In this Wobit review, we are going to have a deep look at this cryptocurrency trading platform and see how it accommodates new and experienced traders. Also, we are going to find out whether or not it is worth it?
Before we get started, I would like to give you a brief overview of how an unfamiliar concept of cryptocurrency got so much hype? It all started back in 2009 when a crypto coin named Bitcoin was introduced. Cryptocurrencies are basically decentralized, which means that there is no central authority that is controlling this type of currency. Their decentralized nature is what attracts the attention of traders and investors. If we go back in time when Bitcoin was introduced in the market, the idea of cryptocurrency was relatively new as compared to now. Traders were not aware of the potential that crypto trading had at that time, and that resulted in them in big regrets later on.
As the prices of Bitcoin shot from pennies to thousands of dollars, more than $50K, to be specific, more and more traders have shown their interests in crypto trading. The retail, as well as institutional demand of Bitcoin, is rising significantly and exponentially with each passing day. Nowadays, Bitcoin is not the only cryptocurrency that is present out there. Rather, there are many other digital assets that have been introduced in the cryptocurrency market. Some of those cryptocurrencies are Ethereum (ETH), Ripple (ETH), DASH, Litecoin, which have also become popular in the crypto space.
But a beginner trader or investor who doesn’t know much about crypto trading is still confused about how this trading works. So to clarify this confusion, brokers and exchanges play their roles. There are hundreds of exchanges that are providing platforms to the traders to exchange their fiat currencies with crypto coins. If you search for cryptocurrency exchanges online, you are going to find thousands of them listed. But in the world of online trading, new traders who are relatively new to the field are not much aware of the legitimate ones. There have been many scam cases reported as well, which shows that crypto trading is a place where you may find a lot of scams and frauds as well, just like any other form of trading. Whether it is Forex, stocks, or any other trading, anyone can be scammed if he is not properly educated about the field.
Fortunately, crypto trading does not require any type of degree to master this field. In fact, most of the traders working in this field are professionals. So how does an ordinary person, for example, a doctor, engineer, or even artist, become a crypto trader? There is a huge role of the exchanges and brokers behind every successful crypto trader. And today, we are going to help you by looking at one of the crypto exchanges named Wobit.
Choosing a cryptocurrency exchange is one of the first and most important steps of crypto trading. These exchanges determine whether you are going to become a successful trader or will just struggle throughout your experience. To help new and also experienced traders, I have done the research and found out some pretty interesting and promising features of Wobit that make it a worthy choice for most of the traders. But this statement alone is not going to prove anything, so the following are some of the reasons why Wobit is a worthy choice.
Wobit – Is It A Good Choice?
If we talk about cryptocurrency exchanges, we have a lot of options available on the internet. Some of them claim pretty fascinating services and features, while some of them are just average. But to help you make a better decision, I have researched about Wobit and came up with these points as the salient ones.
As an exchange, Wobit has been rated as one of the best ones among the competitors. This is due to the services that it offers. The Wobit exchange is aimed at delivering everything that will enhance the user’s experience because it focuses on customer satisfaction, unlike any other competitors. If we look at other options, most of them are just indulged in a race of numbers and claims, but when you actually sign up with the platform, you realize that it wasn’t worth it. But with Wobit, traders’ trading experience always remains good. Everything that is claimed before signup is delivered by the team of Wobit.
This means there are no fancy claims like others but just a very robust and secure platform that has everything that a trader would need during trades. The experience that the team of Wobit possesses helps the traders to enjoy a very professional and reliable platform. The team of Wobit knows exactly what a trader wants, and with keeping that in mind, Wobit has designed everything accordingly. This is the reason why most experienced traders recommend Wobit, and this recommendation adds to the credibility of the platform.
Multiple Options To Trade
There are endless cryptocurrency exchange options on the internet, but most of them offer just one or two assets. Most of the exchanges are offering the most popular digital asset of the world that is Bitcoin. But Wobit has taken a different approach. It offers a wide variety of digital assets to trade.
If you are wondering why it is good to have more options, then let me clear out the confusion. There are basically two types of traders, one who is willing to trade only one particular asset, Bitcoin, for example. For such traders, it is easy to find an exchange that is offering their preferred asset. But then there is another type of trader who is willing to experience different assets. Having multiple options to choose from is good for traders as it gives them the liberty to choose from other potent cryptocurrencies like Ethereum, DASH, etc. hence Wobit has kept this thing in mind, and they are providing some of the major cryptocurrencies which have a lot to offer to its traders.
The Wobit crypto exchange has also listed the live price charts of some of the major assets that they provide, for example, BTC, ETH, XRP, BCH, LTC, and many other less popular assets as well.
Wobit Offers Leverage To Its Customers
Wobit is one of the most reputed and recommended cryptocurrency exchanges. So there must be something that makes Wobit a distinctive and better option than other competitors. Leverage is one of the key features that Wobit is providing to its customers.
Leverage is basically participation or help from the platform to the new traders who don’t have big investments. As we know, there was a time when the price of one Bitcoin was dramatically low as compared to recent rates. Now the Bitcoin price stands at more than $50K, and the price growth is not stopping. Rather it continues to rally higher. But as a new trader, you don’t have that much capital to buy a significant amount of Bitcoin, that is where Wobit comes in handy, and it takes a step further to help its customers. With the Leverage feature of Wobit, the platform is providing up to 10X of investment from its own pocket to accommodate traders in buying cryptocurrency. In return, the profit which is gained by that coin is divided according to the investments that both parties made.
This feature is very encouraging for young traders who are not that experienced in crypto trading and are struggling with investments. If you are a trader who is worried about the high price of Bitcoin or any other cryptocurrency that you wish to buy, then Wobit is the cryptocurrency exchange option that you want to try.
Big Advantage For The Miners
As a trader, it is obvious that there are a lot of reasons to choose Wobit as your cryptocurrency exchange. But Wobit doesn’t only have services for traders. The platform also provides some pretty promising features for miners as well. If you are a miner who doesn’t have huge resources to mine, then Wobit is the option you definitely want to try.
Mining is not an easy job, whether it is in real life where miners dig up holes and tunnels in the mountains to mine precious stones and resources, or it is the mining of cryptocurrency. Both require pretty big resources, which is not easy for every miner to have. In crypto mining, miners need pretty big setups of supercomputers if they wish to mine cryptocurrency effectively. But not every miner is capable of doing that, as there are some miners who have just started.
So what Wobit does is offers an option of pool mining. It is basically an idea of sharing your resources with other miners. This way, the resources that are required by a miner to add the next block to the blockchain are distributed among different miners, and the burden is divided equally among all. This way, the miners take their share from the profit according to the investment that they made. This is the way which is preferred by many miners as it requires fewer resources to start from, but not only that, it also gives you an option to work with more experienced miners that are already there in the cryptocurrency industry.
Security Is Not Compromised
In the world of online trading, everything from depositing your investment to keeping your cryptocurrencies is done online. No doubt technology has helped humans to live an easy life as compared to the one that our ancestors used to live. But this technology has some flaws as well. Talking about the internet, we all know that nowadays everything is dealt with on the internet. In fact, there is no such person in the world who doesn’t need the internet nowadays. But what most of us don’t know is that the internet also gives access to your information to other people as well. As a result, hackers can get their hands on your privacy or steal your money and data.
The same is the case with crypto trading as well. There have been many cases reported regarding scams and frauds in this industry. Some of them were big enough to even ruin the reputation of some exchanges. Wobit has taken that into consideration and has equipped some of the latest encryption technology. As a responsible and professional crypto exchange, Wobit pays special attention to the protection of the privacy of its customers.
The platform is equipped with SSL (Socket Secure Layer) encryption technology which will keep your money and data in a safe place. If you are wondering how Wobit is going to get your information, then you should keep in mind that when you sign up with a crypto exchange, you have to provide your information, and that information can be stolen by hackers and used against you. Moreover, the cryptocurrencies that you keep in your wallet can also be accessed by hackers. Hence Wobit has taken all the necessary precautions to secure its platform.
As far as the regulatory status of Wobit is concerned, then you should know that it is a regulated platform. This means that the financial authorities have regulated Wobit, and therefore, it is a properly licensed digital currency exchange. This regulation means that Wobit will have to reach all the standard requirements like AML (Anti Money Laundering) policy and KYC (Know Your Customer Policy). These policies help exchanges to keep an eye on every individual that is getting registered with the platform. In the presence of these policies, it is very difficult for criminals to get access to your personal information. Hence traders can trade with peace of mind, and they don’t have to worry about their privacy or any scams.
Wobit is accompanying many experienced traders as well as new traders as well. The traders who don’t have much experience in trading are not that much aware of how trading works. And the complex interface that many other cryptocurrency exchanges have just confuses the trader itself.
But Wobit has taken this point into consideration and has kept its platform extremely simple and user-friendly. The platform of Wobit is kept as simple as possible to welcome every level of trader. So no matter if you are someone who is new to the field, everything is kept in place and organized in a way that is extremely easy to get used to. But if you are an experienced trader, then there is no feature that is lacking in Wobit. Everything is being provided by Wobit but in a very well-organized and user-friendly way.
As a crypto trader, all of the tradings are operated by a platform provided by the exchange. So it is very important for a trader to choose a crypto exchange that is offering a platform that is easy to understand. Complex designs and tons of unorganized options just make it more difficult for new traders, but Wobit is playing its role in providing a very user-friendly platform to its customers.
Customer Support Is Very Important
A platform that does not prioritize its customers and does not try to provide the help they would need is not the one that users would favor. Traders usually don’t prefer to sign up with a cryptocurrency exchange that does not have a good customer support system. This is especially the case with traders who are new to the field because they are often lost and confused. New traders need extra help, and that is why having a customer support system in place is helpful.
Once again, Wobit is a good digital currency exchange because it does not disappoint its customers when it comes to providing quality customer support service. It has tried its best to maintain the relationship between the company and the customers. If traders are stuck in a complex situation, then they have access to a team of professionals that can support them.
Customers of Wobit can contact the team for help in a number of ways. The first thing that customers can try out is the FAQ section. This is purposely built so that customers can review previously asked questions, and it has proven to help many traders. This includes answering basic questions that most people struggle with, and by dedicating a section to this, a lot of time is saved. This way, the traders can just choose the topic they are struggling with and browse through the answers. If they do not find an answer or a solution, then users can choose to call or email the customer support team. This is a remarkable feature as it helps the trader choose the option which is most convenient for them. All of these options and details are available on the Wobit site. The last option is that users can fill out a form through which traders can share any issue with the company. This is also very quick and efficient.
Wobit is a name that is repeatedly heard in the market. All of its services are beneficial for traders as they are specially designed to meet the needs of all types of traders. No matter how experienced they are. If you think this digital currency exchange is exactly the one you are looking for, then I think you shouldn’t waste your time and should immediately sign up with it.