If you have made up your mind that you finally want to trade cryptocurrencies, you should start looking for a crypto exchange. Undoubtedly, there are many other ways for you to buy and sell crypto, but an exchange is the best option.
However, you can only call the exchange a great option if you have done your research. I am here to help you save time on research and investigation. I can shorten your process of looking for the best cryptocurrency exchange by telling you about one that I found to be comparably better than many others.
Just like you, I have spent a long time finding a cryptocurrency exchange that I thought met all my trading requirements. I have researched dozens of them. I can tell you their pros and cons in another review.
Right now, I only want to focus on telling you about Wynn-Exchange, which I think is on top of my list of the most viable online platform for selling and buying digital coins.
I still believe that you should be left with your choice of picking the best platform that meets your requirements, but just hear me out once. Read this detailed review of Wynn Exchange and then you can perform your personal analysis to pick an exchange that you like the most.
The Most Convincing Features of WynnExchange
· You Can Trade from around the World
I have to mention this particular point before anything else. Cryptocurrencies want to solve the problem that persists in our currency global economic system. These currencies are bound by the boundaries. If you want to send money to someone in another country, you have to convert the money into the currency that they can use.
Or, it is on them to convert the currency you send as soon as they receive it. While doing so, they will lose some money in exchange rates. They will lose some more money in the form of the fees and commissions taken by the institution that converts the currency.
The biggest problem is that the banks involved in the transaction will also charge a lot of fees and commissions. When you use cryptocurrencies, you can avoid all of that. A cryptocurrency that you can use in your country will be just as usable in other countries as well. Ripple is trying to create a system just for that.
So, when you apply the same formula on online services, you want to sign up on an exchange that lets you trade on it from any part of the world. While the establishment of Wynn Exchange took place in Estonia, you can trade on it from any country on any side of the world.
· No Money Laundering Allowed
There is some dark truth that you have to know about the online trading world. You see, there are people in every country who like to earn money through illegal means. They then want this money to be hidden in bank accounts, away from the government and law enforcement agencies.
However, to do that, they have to find banks and other places of storing money that are not in their country. One of the places that they use for storing their black money is online brokers and exchanges. They open accounts on these platforms, put their money in their online accounts, and wait for the right time.
They wait for the right time until they can take this money out from these online accounts and inject it back into the system as white money. Unfortunately, some online exchanges can provide such a platform to these money launderers.
These online exchanges do not perform any checks on their identities or personal bank accounts. They just let them open an account with them and let them deposit money.
That’s not going to happen to anyone if they think about signing up with wynn-exchange.com. This exchange has made sure to have a system in which no money launderer could enter.
If you sign up with WynnExchange, you will notice that you have to provide some detailed information about your identity. In addition to that, you will also have to submit proper banking documents and their pictures to the broker. You wouldn’t do that if you were a money launderer.
When you use your account to deposit money, you have to make sure you use the same account for withdrawing money as well.
These are the requirements that Wynn Exchange will make you follow because they are the standards of the industry and regulations set forth by regulatory authorities. This discourages any money laundering activities on wynn-exchange.com trading platform.
· Perform Two-way Transactions
Since you have been dealing with fiat currencies all your life, your mind has been programmed to think that an online cryptocurrency exchange is only for buying. You might think that you only go to an online exchange to buy cryptocurrencies.
However, that’s not true at all. If you stay connected to the online trading industry, you will find out that transactions work both ways on many exchanges. Yes, that’s something you will not find on every online exchange. Some exchanges are there only to provide you with a platform to buy your favorite digital currencies.
If you are thinking about selling the same digital currencies, you have to go to another exchange. However, you will not have to do that when you sign up with Wynn-Exchange.
Wynn Exchange is completely different in its approach and will provide you with a platform where you can buy and sell a variety of cryptocurrencies at will.
So, if you are holding onto some digital coins for a long time, and you think now is the right time to release them into the market to get some profit, you can do that on the platform from Wynn Exchange.
At the same time, you can buy and then sell back the same digital assets on WynnExchange if you see that you are getting better returns.
You will be surprised to know that even some online brokers (which are not crypto exchanges strictly speaking) do not allow you to take the positions of your choice.
Based on the volatility of the market, they might stop you from either buying or selling the cryptocurrency on their platform. You will not experience such a thing when you sign up with wynn-exchange.com.
· Your Information Is Safe
All can go in vain if you sign up with an exchange that does not have a system to protect your information. That’s something you will notice with many online exchanges and brokers. They talk a lot about security, but when you look at how they provide you with security, you are only disappointed.
There are many things that can be considered when talking about security of the traders and investors. The most important thing for me is the information that you provide on the website when you are signing up or withdrawing money from your account.
Any information that you provide on the website is of sensitive nature and hence its protection is extremely important.
So, you will be glad to know that your information will be fully safe when you sign up with Wynn-Exchange. I had to confirm this before I signed up on this exchange. I know I was fully interested in trading cryptocurrencies, but I did not want to make any moves in a hurry.
That’s something many investors from around the world do. They like the exchange based on a few points that the exchange gives on the website. What they don’t consider is that their information’s security and protection are the responsibility of the exchange.
In this particular case, I am glad to inform you that Wynn Exchange is safe when you are providing your information on the website. The website of the broker is safe because it has proper SSL certificates installed. In addition to that, all the information that you provide on the website will be protected through high-level encryption.
· An Exchange for All Your Devices
This is the point that became the deciding factor for me when I was looking for the best exchange for trading cryptocurrencies. You see, when you talk about traders who want to invest their money in cryptocurrencies, you think of young and new generation.
Yes, most of the people who are interested in digital currencies are the young ones. They know what they are looking at. They know that digital currencies could make up the future of the world’s economy.
Now, when these people trade, they trade in a way that suits them. They cannot stick to old ways of trading, which is limited to making them sit in front of a computer to use the trading platform.
When I think of a modern trading platform, I have to think of something that I can use on any devices that I own. I have a computer that I use for gaming, but I also have a tablet that I carry with me to my office.
In addition to that, there is my favorite smartphone in my pocket. Can I use my trading platform on all these devices? I think wynn-exchange.com has made things pretty easy for me by providing me with a trading platform that I can use on any of these devices.
I don’t have to be in front of my personal computer to use this trading platform. I can buy and sell cryptocurrencies whenever I can.
In the world of trading, especially when you are in the cryptocurrency market, things can change at any moment. Cryptocurrencies are going up and down in their values all the time. Bitcoin has gone up and down by 20% of its value in one day in the past.
With that in mind, you never know when you have the perfect moment to trade a particular cryptocurrency. So, as soon as you think it is the right time to trade, you should be able to trade. And that’s where a trading platform from Wynn-Exchange is the perfect choice for anyone who is thinking about investing in digital coins.
· Trading More than Bitcoin
I have been to a lot of online exchanges. I can talk about the big ones as well, but I don’t want to because the big ones have not been the best ones in the past.
If you don’t know, the biggest and most experienced exchanges have blemishes on their past because they were not able to protect their platforms from the online hacking attacks.
On the other hand, I can proudly tell you that wynn-exchange.com has not become a victim of any such attack. Coming back to the point, I am glad that WynnExchange has chosen to provide its traders and investors with multiple of options of trading digital coins.
When you land on other cryptocurrency exchanges, you will notice that they are limiting themselves to Bitcoin. Perhaps, they are only targeting the market which they think will benefit them monetarily.
It is true that most of the world knows more about Bitcoin than it does about any cryptocurrencies. However, this should not make you completely disregard the importance of other cryptocurrencies that make up a huge portion of the online cryptocurrency market.
So, when you are with Wynn Exchange, you will be happy to be able to trade other digital currencies than just Bitcoin.
It is not to say that you will not be able to trade Bitcoin. You will have access to the biggest cryptocurrency of the world. You can buy it or sell it, that’s your choice. However, you will also have other big cryptocurrencies like Ethereum and Ripple at your disposal for buying and selling.
If you face any problems while buying and selling cryptocurrencies with wynn-exchange.com, you have a web form that you can use to get in touch.
You also have a support email on the website through which you can send in your queries and get answers within 24 hours. With such a complete system for cryptocurrency trading, I don’t think Wynn-Exchange is far behind any other big cryptocurrency exchange that’s known around the world.
I have given you the points that convinced me to sign up with this exchange. You can now make up your decision based on what you think about it.