WunderTrading was started to improve the trading process for users from every background, and thus, it went live with a list of pretty intuitive features. Some of these features might even be critical in yielding high returns for the users on their investments. Let’s go into the details of the WunderTrading review.
WunderTrading Summary
| Official Website | https://wundertrading.com/ |
| Headquarters | Estonia |
| Found in | 2018 |
| Native Token | None |
| Listed Cryptocurrency | BTC, LTC, BCH, ETH, XLM, BNB, and XRP |
| Trading Pairs | N/A |
| Supported Fiat Currencies | USD, EEK |
| Supported Countries | 200+ |
| Minimum Deposit | N/A |
| Deposit Fees | Depends on Currency |
| Transaction Fees | Maker – 1% / Taker – 1% |
| Withdrawal Fees | 0.0005 BTC |
| Application | Yes |
| Customer Support | Live Chat, Mail, Phone, Contact Form, & FAQ Support |
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WunderTrading is a cryptocurrency trading terminal that focuses on Bitcoin. It is one of the most advanced trading platforms on the crypto market, with services that one can use without signing up for paid memberships.WunderTrading can buy cryptocurrency through credit cards, which makes the process easier and faster than only wire transfers or debit cards.
However, the platform still requires the users to complete their verification to maintain a safe and secure environment for the entire user base.
Quick Overview of WunderTrading
- WunderTrading is a user-friendly cryptocurrency exchange platform for beginners and experienced traders.
- Through WunderTrading, individuals can buy cryptocurrency with the help of their debit cards, credit cards, or wire transfers.
- WunderTrading offers advanced features such as a fully automated trading bot (one can deploy multiple bots) that can execute a trade without any involvement set by the account user.
- The cryptocurrency exchange has a thorough verification process that might act as a safety mechanism and other security measures, including source-tracking and additional money laundering preventive methods.
- WunderTrading supports multiple crypto-assets, such as Ethereum, in addition to Bitcoin.
- The fee charges for transactions are low and highly competitive, whereas the membership starts with a free account that is unlimited, unlike any other trading terminal and exchange.
What Is WunderTrading?
WunderTrading is quickly gaining popularity due to its lucrative and unrivaled key features that have been the cause of user retention and bringing in new individuals. The cryptocurrency exchange aims to serve beginners and seasoned traders in the blockchain world.
This advanced trading terminal allows users to start trading through a free account and buy crypto assets using credit cards. Users can start trading without completing the verification process, although the net amount allowed for non-verified accounts is low ($300). As the exchange does not store any of the funds, it seems safer than another trading terminal, especially those compromised in the past.
WunderTrading provides a way to automate the trading process with the help of a trading bot tool. The details of the same have been discussed later in the review. One thing that sets it apart from the competition is that users can copy the specifications of the best crypto traders of the exchange (the entries and exits).
Another one of the features offered by the trading terminal is portfolio management, where users can do technical analysis and maintain multiple portfolios through its crypto portfolio tracker.
How Does WunderTrading Work?
WunderTrading, a cryptocurrency exchange, works and functions similarly to other platforms. WunderTrading charges a small transaction fee which is lower than the industry average. It offers various premium packages for individuals wishing to take advantage of this unique platform.
The account pricing ranges from approximately $0 to $44. The free account isn’t crippling for users who can experience trading with this advanced trading terminal before committing to a subscription plan for more premium features (which mainly implies a higher quantity of the limited features). Together, these form the platform’s primary sources of revenue and profit.
Trading Bots by the WunderTrading Platform
A trading bot is a protocol executing the trade based on the parameters entered during deployment. These trading bots are made with specific parameters which decide if the trade will be automatically executed when the requirements of these parameters have been met.
The users can restrict the functionalities of crypto bots and APIs if they seek to increase the overall security of their accounts. The two trading bots provided by the trading terminal are as follows:
Automated Copy Trading Bots: This crypto trading bot accommodates the needs of investors who have never traded in the cryptocurrency market. They can use the copy traders strategy with the help of this bot. The feature enables novice traders to mimic the actions of expert traders with a proven track record. In this manner, they can profit when the trades do well.
Automated Crypto Trading Bots: This crypto bot will execute trades for investors. The trading parameters that users set determine how this functionality operates. Investors can execute trades on the go and take advantage of market opportunities with the assistance of WunderTrading and the Automated Crypto Trading Bot integration.
Services Offered by WunderTrading
The catalog of services offered by WunderTrading consists of three primary services: cryptocurrency exchange, commerce, and trading. Investors can use fiat currencies and buy crypto assets (Ethereum and Bitcoin) with credit cards (MASTERCARD and VISA) at low prices and competitive exchange rates through the exchange. Through the service of commerce, individuals can accept payments in crypto through email or their website.
This service not only implies that merchants but investors or traders can also use it. When it comes to trading, the service comes with trading bots and the ability to mimic or copy the entry and exits of the more performing traders on the platform. The platform also has an ambassador program that incentivizes users to invite their family or friends to the platform.
Is WunderTrading Regulated?
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With its HQ located in Estonia, WunderTrading is subjected to local laws and regulations. To comply with the respective regulations of the nations it operates in, WunderTrading follows the corresponding guidelines based on the geographic regions. Perhaps, due to these regulations, the verification process is regarded highly and imposed strictly.
WunderTrading has also employed various regulatory methods and protocols to prevent money laundering and other illicit activity on the platform. This adds to the credibility of the altcoin for the users as the sources can be tracked.
Why Use WunderTrading?
The Crypto marketplace can be considered one of the most volatile and dynamic marketplaces, fluctuating significantly and operating around the clock. This can be an issue for individuals who do not wish to suffer any loss of opportunity or the value of their crypto assets. To prevent this, WunderTrading allows automated crypto trading bots to monitor the market and execute the trade as specified by the users.
These protocols can be modified after being made, albeit the way to do it might not be the most intuitive. New users can also copy the trading methodology of the best crypto traders and try to increase their profits.
WunderTrading Review: Pros and Cons
Pros |
Cons |
| WunderTrading offers low trading fees with respect to the industry average. | Some of the more advanced features on the platform are not streamlined, unlike the rest of the platform. |
| WunderTrading enables users to execute trades through automated bots. | The net amount of value that can be traded without verification is not high ($300). |
| WunderTrading provides additional services, such as the ability for merchants to get payments through cryptocurrency. | The list of payments is not as diverse as some of the other platforms. |
| WunderTrading offers a free basic account for crypto trading. |
Creating a WunderTrading Account
Beginners or professional traders can follow these simple steps to create a WunderTrading account with the trading platform:
Register: Individuals who wish to sign up with WunderTrading can create their accounts using their email, phone number, etc. The users are advised to set up the account with a strong password that follows suit with the guiding norms for password strength.
Verification: To trade for more than $300, the traders must go through the verification procedure. This requires an official ID that consists of users’ faces.
Connect: Once the user obtains the API key and secret key from the website, they can use one of the many features, like the trading bot. Users must connect to the exchange or the exchange API. After entering the form’s account name, API Key, and secret key, traders can proceed with the next step.
Create Bots: Users can begin trading or building trading bots after connecting to the exchange API. Traders can trade themselves or let the copy trader execute their trades.
Buying/Selling Cryptocurrencies With WunderTrading
The process of trading cryptocurrencies on WunderTrading is a very intuitive and seamless one. Starting with buying cryptocurrencies, individuals can deposit money through their credit cards. Individuals can buy up to 17 tokens on the platform right away after logging in or signing up on the exchange.
When it comes to selling crypto assets, the feature of crypto trading bots has made the process a hassle-free one. The dynamic aspect of the market is no longer a point of concern for selling as these automated bots can execute the trade in the market.
What Can You Trade at WunderTrading?
WunderTrading allows users to trade several crypto assets (through about 17 fiat tokens). These assets include LiteCoin, Binance Coin, Stellar, Ripple, etc. The platform also supports two of the most prominent altcoins on the crypto marketplace (ETH and BTC). WunderTrading supports an impressive array of registered exchanges to trade, with several exchanges added shortly.
WunderTrading Fees
The platform offers two kinds of fees, trading fees, and membership fees for the user account. The trading fees are low and, thus, inspire the users to trade without paying a high amount to the platform. For most purposes, the fee by the trading platform would be around 1.00%, and the bank transfers would be free of cost. The membership fee has four total structures and starts from $0 and goes up to $45 (estimation).
Any investor can start with the free account and switch later when they wish to deploy more bots or other premium features. Check out the official site for proper details of the fees structure.
WunderTrading Deposit and Withdrawal Methods
Depositing funds to WunderTrading can be achieved through credit cards (MASTERCARD & VISA). Other payment methods are Skrill or SEPA bank transfers. Each of these payment methods has its charges that the individuals would be subjected to. There is also a fee associated with withdrawals for withdrawals, and for Bitcoin, it is 0.0005 BTC, whereas the industry average is 0.0008 BTC.
WunderTrading Supported Cryptocurrencies & Countries
WunderTrading is accessible in numerous countries and provides various cryptocurrencies supported by the top crypto exchanges on the platform (such as Binance and FTX). The case of countries supported would be a little more complicated. Various countries support different services and payment options, and on the other hand, Skrill is supported in some additional countries.
The list of cryptocurrencies and countries can be checked on the company website. Some countries have been banned from virtual currencies (e.g., Bangladesh, Cambodia, China, etc. ).
WunderTrading Trading Platform
WunderTrading is one of the most cutting-edge and leading platforms for trading crypto and connecting with crypto exchanges. WunderTrading’s trading fees are also lower than most of the other platforms. The platform also aims to provide the best interest rates and competitive prices for various crypto assets. This platform is an exceptional choice for users who are pretty comfortable with technology.
WunderTrading Mobile App
A mobile app is available for Android and iOS devices, and the platform can also be accessed through their website. Through these applications, the users can reap the same benefits and functionalities as the website.
WunderTrading Security
WunderTrading is a relatively safe platform with various security methods. One of these measures is 2FA (two-factor authentication). Furthermore, the platform does not store funds and, thus, tends to be more secure. The funds are held with the exchanges or the wallets that users have chosen.
WunderTrading Customer Support
WunderTrading has been able to uphold a reputation for a platform with prompt and excellent customer support. WunderTrading reviews aggregated from different rating sites imply that the brand’s support team is very efficient and helpful in solving customer issues.
WunderTrading Review: Conclusion
WunderTrading is on the bleeding edge of technology as a platform that enables users to trade cryptocurrencies through different digital crypto exchanges. For the investor who wishes to use every moment to maximize the return on his investment, WunderTrading is a platform that can help achieve that goal with its tools that, include a crypto trading bot.
FAQs
Is WunderTrading Legit?
WunderTrading has built its reputation as a reliable and legitimate platform for connecting to various cryptocurrency exchanges and starting crypto trading.
Where Is WunderTrading Based?
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Based out of Estonia, WunderTrading is one of the most successful EU startups. It has already begun reaching a vast user base through its lucrative features and unique services that make crypto trading easy and more profitable.
How Much Is WunderTrading Trading?
The platform charges 1.00% as a trading fee, and the rates of exchange from the crypto exchanges and withdrawals are subject to their respective modes of payment.
Is It Possible to Open a Business Account at WunderTrading?
Yes, the platform does allow individuals to set up a business account. However, to set up a business account for Bitcoin trading, the users would have to complete the full verification of their accounts.
How Does the WunderTrading Make Money if It’s Free?
Even though it’s a free membership tier, the platform can generate revenue and profits with the help of transaction fees that WunderTrading charges. It has other payment models that aren’t free of cost but offer more scalable features.
Is WunderTrading Safe?
WunderTrading has portrayed itself as one of the safer platforms for cryptocurrency & social trading. Since the platform does not store the funds itself, it would be better to consider the security of wallets and the exchanges in question. The platform does offer a 2FA authentication method that adds a layer of safety. Any WunderTrading trading review is usually found to be praising the security of the platform.