When you are in the market for a brokerage, you will notice that there is a flood of options to sort through and each one is going to claim to be better than the rest. With cryptocurrencies being in great demand nowadays, the number of platforms catering to this market has also gone up, but the confusion remains. How do you pick one platform? Knowing the essential aspects of a broker can certainly make this easier and this is exactly what this Wobit review claims to accomplish. Based in Amsterdam, Wobit is a trading solution that has been primarily developed for those who are solely interested in the crypto market.
The company has developed its platform and offerings to cater to clients who want to get a share of the cryptocurrency pie, which has become quite lucrative nowadays. Wobit is also enjoying a lot of popularity and attention and this is primarily due to its package. What is it? You can find out the essentials below:
Security and Privacy
While there are a number of other things to be considered, it is best to begin with security and privacy because these are not something you can take lightly. If your information is compromised, or your funds stolen, it is a disaster for you. When you take a look at Wobit’s security and privacy policies, you will certainly be reassured.
The broker is KYC (Know-Your-Customer) and AML (Anti-Money Laundering) compliant, which means traders have to provide proof of ID and residence to use its services. It reduces the risk of money laundering, financial fraud and identity theft. High-end encryption and SSL (Secure Socket Layer) certificates have also been used by Wobit for protecting all sensitive and confidential data. Their Privacy Policy indicates that no unauthorized individual can access their system or any information.
Cryptocurrency Choices
You also need to look at the cryptocurrencies that are being offered by Wobit because the choices available will determine how much risk you are taking on and the profits you can expect to make. No two digital currencies have the same return on investment, so it is best to know what you will get and how much you can make through the choices. The good news is that there are a multitude of digital currencies that have been added to the platform.
Most platforms don’t go beyond a handful of choices in the crypto space, but the market has expanded and there are thousands of options that exist. Therefore, Wobit has added an array of options that include well-known choices like Bitcoin, Ethereum and Litecoin and others that are also gaining recognition like Bitcoin Cash, Dogecoin, NEM, Monero, Binance Coin, Dash, ZCash and NEO. You can diversify your crypto investment through these options.
Trading Platform
The software used for trade execution and market monitoring is known as the trading platform and each broker is free to offer any platform to its clients. You will find a web trading platform available on Wobit exchange that has been especially developed for crypto trading and it operates online. Boasting a highly intuitive user interface, the platform uses top-notch trading technology for delivering lightning fast trade execution. You can keep up with the market in real-time and see the results of your trades right away.
The platform is easy to navigate for everyone, regardless of your trading background and experience. Furthermore, it has been equipped with a set of trading tools that can simplify the process of trading. Price alerts, trading signals, live charts and graphs and various risk management tools can be found. There is no download or installation required for the Wobit trading platform and it can work on any device supporting a browser, thereby giving you flexibility.
They also have a simple registration process, plenty of account options and round the clock customer support available, so Wobit can easily fulfill your cryptocurrency trading needs in a single package.
