Wobit Review – Is Wobit Scam or Legit?

Wobit Exchange Score
Overall
4.1
  • Trading Platform
  • Asset Index
  • Risk Management
  • Account Types
  • Payment Options
  • Trading Education

Summary

Today we are writing a Wobit Review for you and are giving you all the info you need to know before signing up with Wobit, we want to recommend Wobit for online trading because it is NOT a Scam.

Wobit Review

Wobit logoWith the arrival of Bitcoin, the financial infrastructure of the world is going to change. Cryptocurrency comes with great opportunities the world has ever witnessed. A lot of people have earned millions of dollars by just holding crypto assets. With every new day, thousands of people across the world join the crypto venture. The trading of digital currencies via trading platforms, such as Wobit, will make you a rich person. Recently, Bitcoin, the top digital currency, has touched the mark of $50,000, the highest level in the entire history of Bitcoin. The leading digital asset has achieved this new milestone of claiming $50,000 with the support from top companies of the world, such as Tesla, Mastercard, PayPal, and others.

Financial giants and tech firms are flocking towards Bitcoin and other leading coins. The hefty investments in the industry have pushed the global crypto market to claim $1.5 trillion. Tesla has invested $1.5 billion in the flagship cryptocurrency. Similarly, payment giant Mastercard hinted at supporting digital currencies later this year. PayPal has already started allowing people to buy and sell cryptocurrencies. All these things have brightened the future of Bitcoin. You should also join the fast-growing crypto space before it’s too late. You just need to find a good place to buy your favorite coin.

Similarly, one can also earn a lot of profit by trading these assets. There are hundreds of trading brokers that assist people in trading, but most of those are scam projects. In order to avoid scam firms, one must do proper research before diving into the industry. But I have made your journey easy as I will introduce you to a crypto trading brokerage where you can buy, sell, and trade your favorite cryptocurrencies. After thorough research, I come up with Wobit, an extraordinary place for crypto trading. In the Wobit review, I will tell you all the things which will be helpful for you.

Brief Introduction to Wobit: Leading Crypto Exchange

When it comes to reliable and trusted cryptocurrency brokers, people recommend Wobit because it offers those facilities that are not available on any other site. You will come to know these features as I unfold the comprehensive details of the company. On the platform of Wobit, you will find leading cryptocurrencies, such as Bitcoin, Ethereum, XRP, and many others.

Wobit is a versatile place that equips you with options for buying, selling, and trading leading crypto assets. What’s more, premium things are also at the service of customers. These premium things include funding options, margin trading, leverage, and a mining pool. Basic things in a broker, such as a user interface, customer support, security, and privacy, are fabulous. According to the mentioned information, it was founded back in 2016, and since that, it has empowered thousands of people, and the majority of those are now financially independent.

Creation of Wobit Account

All crypto exchange firms make it mandatory for customers to create an account with the site before a user uses its services. But the difference lies that some websites ask a ton of information while others make it simple and demand the only necessary introduction of a new user. Wobit is one of those exchanges which ask customers just required details, not more than that. The trading exchange sign-up procedure is easy as it does not put you in a problematic situation of going through a lengthy and tedious process. At the time of creation, you would have to introduce yourself by pasting important details, such as full name, phone number, email address, mother country name, and at the end, there is a need to create a strong password. The password must be difficult so that you would not become vulnerable to any kind of theft attack. If you are done with the account creation, the next step is to choose which type of account you are going to pick for trading. When you land on the site, the button labeled “Create Account” is present on the homepage’s right upper corner.

Make a Deposit

One cannot trade unless he or she drops money into the wallet of a broker company. The deposit process demands a little time from you. As mentioned on the website, you are required to deposit funds in Bitcoin. However, users must contact the support team to ask whether they have added support for fiat money or not. One should do a comprehensive research before dropping money on any company wallet because many fake companies are out there. Once you deposit money in a fake site, your money will be gone forever. You will never get access to money because you don’t know who to connect with. The fake companies claimed to be registered entities, but they are not. This is not the case with the registered exchanges. A user can contact the regulatory agency if he faces a money scam with the trading firm.

It is informed to you that a renowned regulatory authority regulates Wobit. If you face any kind of issue, you can connect with the regulatory body and can claim your money.

Deposit funds in Wobit’s wallet as much as you want as it does not add restrictions on the addition of funds. If you are a new trader, you should start with a low amount.  An experienced or a professional investor should invest a heavy amount as one can earn a profit based on his investment amount. In other words, if you invest $100, your profit will be low, but if you invest $1,000, your profit will increase.

Wobit does not charge fees on deposits, and fees on other trading services are also competitive.

Trade

Once you add funds to the wallet of the exchange, the next step is to trade cryptocurrencies. The managers of the firm will help you in this regard. They can assist you in the creation of a versatile portfolio full of potential cryptocurrencies. These crypto-assets include Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. What’s more, the platform lists efficient tools, which make trading more profitable.

Crypto Assets

Crypto assets are the best performing assets on the planet. Prominent hedge fund managers are now adding crypto assets to their portfolios. MicroStrategy has invested more than $1 billion in Bitcoin till now. Recent reports unveil the company is going to invest another $600 million in the top digital currency. Payment giant Mastercard will likely add support for cryptocurrency in 2021 amid heavy institutional investments. Elon Musk-led Tesla, the biggest electric maker, purchased Bitcoin worth $1.5 billion. Many tech and financial firms entered the crypto space, which caused the price value of Bitcoin to cross $50,000 for the first time in its entire history.

Wobit gives an opportunity to traders and investors all over the world to trade high market cap coins. These include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH).

Bitcoin is the biggest cryptocurrency on the planet in terms of market cap and users. It was created back in 2009 when Satoshi Nakamoto tried to create an internet currency. He achieved his goal as Bitcoin today is the only currency that is not controlled by any government or agency. Instead, it is designed on the principles of decentralization. Most of the crypto experts call it a good store of value rather than a good currency. At many times in the past, the flagship asset went high when the traditional markets were down. Many hedge fund managers now call it by the name “digital gold” due to its resemblance with the gold bullion, such as limited supply. People bought Bitcoin when it was trading low, and now, they are one of the richest persons on the earth. According to market analysts, the price is currently standing at around $49,000, and it would go as high as $500,000. So, it’s a big opportunity in life before it’s too late for you. On the platform, you can buy, sell, and trade Bitcoin.

Ethereum, the top altcoin by market cap, has broken all previous price records. What’s more, it’s on the path to claiming a new all-time high level with a push from wealthy investors. Recently, it witnessed a new all-time high of $1,873. It is not stopping here as decentralized finance received fresh investments. Currently, Ethereum is trading at $1,743 after decreasing by 4.30% in the past 24-hours. Medium investors have a chance to invest in the second-largest coin before it skyrockets. Many institutional players make big bets on Ethereum by adding it to their versatile portfolios.

XRP remained the third biggest coin for a long time but was then pushed downward by high-flying altcoins. Currently, XRP has the 6th spot, according to data from CoinMarketCap. The market cap of XRP is standing above $23 billion. It was affected by the SEC’s lawsuit, but it recovered from that dent. It will be a wise decision to buy the coin in the dip position. XRP is known as a cross-border coin and has a bright future.

Bitcoin Cash came into existence as a fork of Bitcoin. It was forked to provide solutions to block size and got accepted in the crypto community. At one time, it became successful in grabbing the 4th spot in the crypto market. Currently, it is trading at $686, but still, there is a lot of room for growth.

Wobit also offers trading of Litecoin (LTC), the 8th largest digital coin by market cap. With the decentralized Litecoin, one can transfer money across the borders with complete security.

Besides the cryptocurrencies mentioned above, the platform also equips customers with the trading of a wide range of digital currencies. You will also find hundreds of trading pairs against Bitcoin and Ethereum.

Funding Options

It is clear from the given information that the site accepts the only cryptocurrency. People, who manage and hold different digital currencies, can start the trading process by adding any digital currency. The deposit of funds via digital currency takes only a few minutes of your precious time. However, it has not mentioned different funding options on the site.

The option of Leverage Trading

Wobit allows you to invest more than your deposit money- it is called leverage trading. In leverage trading, one can bet up to 100 times more than his capital. For example, if a broker company offers 1:100, it means a trader can trade up to $100 on his $1. However, a few trading companies provide an opportunity to leverage trading on digital currencies. Wobit, on the other hand, gives a chance to his customers to trade up to 10x. With leverage functionality, traders can increase the potential of trading many times.

Mining Pool of Wobit

Wobit is determined to make both traders and miners rich persons. The company has founded its own mining pool. If you want to earn Bitcoin, you should join the mining pool of Wobit instead of investing a lot of money on hardware and energy required for the mining process. The procedure to join the trading company’s mining pool is easy as you need to sign up with the Wobit mining pool. A lot of profit from Bitcoin mining will make your living rich and luxurious. The mining pool of Wobit will save your time as well as money on electricity and hardware.

Margin Trading

Similarly to leverage trading, margin trading will increase your chances of big profit. But financial experts warned that only experienced traders should go for the margin option. Margin trading is as profitable as risky. The beginners must avoid margin facility as high risk is attached with it. Education plays an important role that empowered traders to take high risks as they are trained to manage high risks.

Account Management

Wobit has labeled the managers’ assistance to traders as account management. The account management of Wobit is highly professional as hired managers of the company have years of experience in this particular field. When a user opens his account with the site, an account manager will be given to him for his guidance. Account managers make customers comfortable at the time of decision-making with their expertise and professionalism.

What’s more, they are always ready to tell users which trade is best at the given time. You can design a strong, profitable investment portfolio with the knowledge provided by the account managers of Wobit. If you are new in the industry or do not want to directly control the account, you can pass on the account to the dedicated manager. With the high skills of account managers, one can earn an unlimited amount of profit.

Experienced Team Members

Without a good team, no company can surpass millions of users. Wobit has customers around the world, which has become possible due to the highly experienced staff members of the company. First, the developers have made the site so attractive and user-friendly that traders cannot control themselves from trading crypto coins on Wobit’s platform. The account managers, specialized persons in giving trading advice, had helped many people make large sums of money from crypto trading. Similarly, the support staff of the firm is highly skillful in providing support services to users. All these things make Wobit a unique place for cryptocurrency trading.

Professional User Interface

The user interface of Wobit gives a joy of professionalism- even to beginner traders. The user interface is sophisticated and charming a. It usually happens in the trading world that people leave that site which they find difficult to use. Wobit’s user interface, on the other hand, gives a charming look to users who land on the site, which makes their minds use the site for crypto trading. However, if you are finding something difficult, you should connect with the support staff for details. The more you dive into the site, the more you love the site and its features.

Wobit’s Support

The support section of the crypto trading exchange remains active 24-hours a day. The support team has solutions for all your issues as the team is highly experienced and professional. The company gives more focus to its customers- the feature you will not find in competitor crypto trading sites. Competitive customer support is managed by a team of experienced people giving the most efficient solutions. The issues related to accounts, deposits, withdrawals, and trading will be solved on an urgent basis.

The platform has given three different phone numbers of offices established in three countries. Furthermore, one can also join the support team via email: support@wobit.io. The support agents react quickly to users’ queries and messages.

Platform Security

The management of the website says they are focused on keeping the site secured and trusted. What’s more, it is also safe and secured from any kind of external vulnerability. The management puts high-security levels around the website to stop any kind of cyber attack. With the advancement of technology, hackers have also become more sophisticated as they now use new techniques to breach an online firm’s security wall. But the developers of Wobit’s site are also skillful and competent as they have established strong security walls, which are unable to break. The company has not faced any kind of breaching attack so far. On the other hand, there are many exchanges in the markets that suffered from cyber attacks, and hundreds of investors lost money. Keep away from those sites which hackers easily attack. Wobit is a secure and trusted place where you can trade cryptocurrencies after adding funds.

The platform has also taken care of the policies which are imposed by the authorities- dealing with money laundering. To prevent any kind of money laundering activity on the site, the site has complied with anti-money laundering (AML) policies. To make itself align with the AML rules and regulations, the site restricts users from doing certain things. Following that, it has also complied with know your customer (KYC) policies, which are also necessary to avoid actions related to money laundering by knowing about the customers’ true identity.

How is Wobit Better than other Crypto Trading Sites?

Wobit has triumphed other crypto trading exchanges due to its exceptional characteristics. First, it is made for both beginner traders and expert crypto investors as it offers a wide range of services. Second, the company’s account management service is outstanding and efficient- enough to stand it out as the best platform dealing with cryptocurrency. Third, it proposes premium features such as a wide range of funding options, margin trading, leverage trading, and mining pool.

The mining pool of the Wobit will make you a miner of Bitcoin. You just need to register with the mining pool and invest some capital. Without doing a bit, you will get Bitcoin as a result of mining, which is done on the part of the company. On the other hand, if you do the mining process, you will put money on purchasing hardware for mining and the electricity used to run the miners.

Conclusion

As a regulated crypto trading exchange, it allows crypto-inspired traders and investors to buy, sell, and trade a wide range of cryptocurrencies, such as the top digital coin Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, and others. The premium features of Wobit include the option of trading top digital coins, 24/7/365 customer support, speedy verification procedure, in-depth market analysis, high liquidity, easy withdrawal process, and the option of margin trading.

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