Are you thinking about diving into the cryptocurrency space? You are definitely not the only person considering this option, as the ongoing bull-run of Bitcoin has drawn the attention of people from all over the globe. Many people have already made extremely impressive returns and there is room for making more in the future as well, which is generating a lot of interest amongst traders and investors. To be able to follow through on your wish, you will first have to find a reliable crypto trading platform.
Considering the popularity of these digital instruments, it is not very challenging to find options, but sorting through them to choose the right one can be daunting. There have been some scams in the market that emphasize the importance of being cautious when making a decision. Founded in Amsterdam, Wobit is one of the companies specializing in crypto trading and investment and it appears to be a good choice at first glance. However, a deeper Wobit review is required for making an accurate assessment. Some of the things that you need to take into account are:
The Asset Index
Your first priority should be to take a look at the asset index of the Wobit exchange in order to see what cryptocurrencies you will be able to invest in. Yes, Bitcoin is the powerhouse in the cryptocurrency market, but this doesn’t mean that others don’t generate good returns. As a matter of fact, some of them have helped their investors make 100% returns and there are those that have the potential of generating more. Therefore, you want to make sure you have some variety available.
Fortunately, Wobit has proven to be quite thorough in this regard because they have added a wide range of cryptocurrencies to their offerings. Other than the top options, such as Bitcoin, Ethereum, and Litecoin, they have added some other smaller yet profitable names to the mix. These include Bitcoin Cash, Dash, Ripple, Monero, IOTA, and NEM. This gives their clients the ability to diversify their crypto investments, which can reduce their risks and maximize their profits.
The Security Measures
You should never opt for a company without knowing their stance on security. Cybersecurity is of the utmost importance because there are hackers and scammers, looking to take advantage of even the smallest loopholes. If you don’t want to suffer from losses and disastrous consequences, then you need to choose a secure platform. This is where Wobit fits the bill because they have implemented top-notch security measures on their platform for creating a safe trading environment for everyone.
They have opted for SSL (Secure Socket Layer) encryption that can protect all sensitive and confidential information and encrypt website traffic. In addition, they also follow rules of customer account segregation for keeping the funds of their clients safe and ensure there is no misappropriation. Most importantly, the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies have also been implemented by Wobit for verifying the identity and address of their clients. This can help in reducing the risk of identity theft, financial fraud, terrorist financing, and money laundering.
Registration and Account Choices
How do you open an account with Wobit? Finding the answer is important because you want to ensure that you can meet their requirements. They only have one form on their website that you will have to complete for registering yourself on their platform. It doesn’t take you more than a few minutes because the form asks for very basic information like your first name, last name, phone number, location and an email address, and a password.
You are asked to agree to the Terms & Conditions and then you can immediately move onto choosing accounts. Seven account options have been added by Wobit to facilitate traders from different backgrounds and you can go over the options to pick one that works for you.
Along with low fees, an advanced trading platform, and excellent customer support, Wobit can be a good choice for smooth crypto trading for everyone.