Wobit Review – Is Wobit Scam or Legit? A Full Wobit.io Exchange Guide 0 42

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WOBIT Review

The word is changing fast. Today’s technologies have allowed people to change the way they live. Trading from your bedroom? Well, that thought might have sounded crazy before the coming of the internet. Sending people messages on the other side of the button within a second? This might have sounded like the uttering of a crazy person a few centuries ago. However, that’s what’s happening right in front of you today. Things are happening at the speed of light and among other things, the currency you use every day is changing too.

People have been trading value with each other in one way or the other. From barter trade to coins, and coins to cash money, we took many years to change our ways. However, since paper money was introduced, things have been changing quite fast. Plastic money was thought to be the biggest and best replacement for paper bills just a few years ago. However, it seems that even plastic money is not the answer. You now have digital currencies i.e. currencies that exist only within the digital world. They allow you to exchange values from across the world within seconds and without costing you too much on your transactions.

Exchanging cryptocurrencies is becoming one of the safest ways of exchanging values because of its decentralized nature. Millions of people from all parts of the world are now looking for a way to become a part of this type of trading. If you are thinking of doing the same, I think WOBIT will be the perfect starting point for you.

Broker       WOBIT
Website https://wobit.io/
Trading Type Cryptocurrency Trading
In-house Platform Yes
Leverage X10
Funding with Crypto Yes
Mining Allowed Yes (Through WOBIT Mining Pool)
Cryptocurrencies Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, etc.
Account Manager Yes
Customer Support 24/7/365 (Phone, Email, Online Form)

https://wobit.io/

A Pure Cryptocurrency Trading Platform

That’s the first thing to which I want to bring your attention. The problem with many online trading platforms is that they don’t allow you to focus on just one thing. It is true that people love to trade a variety of assets at the same time and open orders in many financial markets. However, this does not mean there are no people who like to focus on just one asset class. For example, you have millions of people who are not interested in anything other than trading forex currency pairs. They might want to trade exotic pairs, minor pairs, or just stick to the major currency pairs.

The thing is, despite those choices, they want to stay within the same market and trade the assets within it. You might have heard the idea of trading many different assets so you can diversify your trading portfolio. Most traders tell you that you should do that for dispersing your risk across many assets. The problem is that many new traders think they can’t do so within the same market. They think they have to trade many different types of assets that they don’t even understand to achieve this. That’s not true at all. You can be within the same market and trade many assets to diversify your investment portfolio.

So, if you look at WOBIT, you will realize that this company is all about providing you with the opportunity to trade cryptocurrencies. You will not be focusing on anything else. In fact, you will not be distracted by any other type of asset from any market. You can trade the assets that you like the most within the cryptocurrency market. Yes, within this market, you will get enough diversification to trade in a way that you can call diversified trading. If you are someone looking specifically for a platform that only provides you with cryptocurrency trading, I am sure you will love WOBIT.

Trade Many Digital Currencies

It does not matter how famous a particular asset is in within a particular market. The thing that matters the most is that you should be able to trade digital currencies of many different types. You won’t believe that just a decade ago, you only have the pioneering digital currency in the market. It was Bitcoin, and it has been the biggest digital asset since its beginning. To this day, you don’t have any other digital currency that can come even close to the value of this pioneering digital asset. However, it does not mean that you should limit yourself to trading only this particular asset.

You have many other options in the market today. As I told you earlier, just a decade ago, you had only Bitcoin that you could trade. After that, there was the launch of Ethereum that proved to be quite successful. However, within the next five years, there were literally thousands of different digital currencies on the scene that you could trade. Yes, access to those digital currencies has always been a challenge for traders from around the world. However, with the coming of platforms like WOBIT, you will have access to them all.

If you want to trade the biggest digital coin i.e. Bitcoin, you will have that in your access. If you want to go with the second biggest digital coin in the world, which happens to be Ethereum, you can trade that as well. You have many other digital currencies that you can trade once you are on the WOBIT trading platform. The best ones that people from all around the world are interested in include but are not limited to Bitcoin Cash, Ripple, Litecoin, and some others. I have to tell you here that you can trade all of the three cryptocurrencies that I have just mentioned when you are with WOBIT.

Updated Charts on All Assets

Charts are the most important thing you can get access to when you are a trader. You have to realize that even the most experienced traders will always use charts to see where the market is at any given moment. You can’t just rely on the news from some blog to place your trade on a particular digital currency. You have to look at everything, and the most important one is to be updated with the latest price of the asset. That’s where you can use the price charts. They are used in every single financial market for every asset that you trade.

So, when it comes to trading digital currencies, you have to look at their charts as well. Only then can you be sure that you are trading the asset at the right time. I have to tell you here that if you only look at the chart, you will only see what the price of the asset is right now. There are many other pieces of information that you need to have before you can trade any asset. For example, just because the price of an asset is going up does not mean it will keep going up. You might place an order speculating the price to be way higher after some hours, but that might not happen at all.

In that case, you should be looking at the volume of trading as well. If the price of the asset is going up but the volume of trading is stagnant or very low, you can predict that the price will go down soon. All of these details should be available to you when you are trader in the cryptocurrency market. You will be glad to know that when you sign up with WOBIT and trade digital coins, you will have access to not only the current value of the asset but its past value, volume of trading, one-day high, and one-day low. This will give you clarity on whether you should trade the asset or not.

Fund Your Account Like a True Crypto Trader

One of the things that I have always disliked about many online trading platforms is that they don’t really arrange for a perfect setup for cryptocurrency traders. You see, I always feel that there should be a difference between an ordinary trader and one that is in the cryptocurrency trading activity. There are many things different in these two types of trading and the platform you sign up with can make a huge difference in all this. So, many people who are interested in trading cryptocurrencies want to do that because they already have some digital coins in their wallets.

The problem with other platforms is that you can’t really transfer your money just like that. You want to use your wallet, but you can’t. You have a few digital coins so you want to spend them on trading. However, when you try to send the money to the company that you have signed up with for trading purposes, you can’t do that. You have to convert that digital currency into fiat currency first. What happens when you do that? Well, you have to go through the conversion process that you costs you some money. So, when you convert the money, you lose some of it too.

That’s not going to the case with your transfers when you sign up with WOBIT. If you are someone who wants to use the digital currencies they have, you can easily do that with WOBIT. The company allows you to transfer the digital coins in your wallet directly to your online trading account through which you are supposed to trade other digital currencies. There is nothing better than you being able to trade one digital currency with another one. It is an indication that you are sticking with something that has some future. So, if you have some Bitcoin or Ethereum, you can sign up with WOBIT and use them directly to fund your trading account.

A Trading Platform by the Company

I can tell you with confidence that most of the online platforms that you sign up on do not belong to the brokers that you sign up with. That’s something many new traders are completely unaware of. When they sign up with some companies, they think they are using their platform, which is not the case at all. I have been with some online companies for trading various assets, and I can tell you that most of them are going with third party solutions. The platform you use with them does not belong to them.

It is a software tool that has been provided by some other company that has the job of making softwares and applications for other brokers on the internet. In other words, the trading services provider is only providing you with the asset index and customer support. However, you will have a completely different experience when you sign up with this company. These are your professional partners who have the in-house team to create their trading platform. As a result, the trading platform will be the fastest you have used for trading cryptocurrencies.

I can tell you from my personal experience that this is a great platform. It has all the amazing features that you will need while trading digital currencies and the ease of use that I think every trader demands. You will learn all of its features and functions within a few seconds. The best thing is that you can use it on your computer, tablet, laptop, or even your smartphone. This also means that you can carry your trading platform wherever you like. You don’t have to be inside your house to trade anymore. You can be in any part of the world or traveling, but you won’t have to stop trading when you have access to this platform.

Big Leverages for Big Trades

Do you know one of the biggest mistakes that new traders often make when they just start trading? They think that minimizing risks means they should not take risks at all. I am telling you that this is nothing more than a mistake. In fact, to make a lot of money, you have to take some big risks. Read about any investors in the world that have made their names. You will notice that they all took some risks and only then they were able to do big things in their lives. So, when you talk about trading, you can’t really achieve your trading targets unless you have leverage in your access.

Now, here, I want to bring your attention to something very important. If you notice with other online platforms that provide you with trading of many different assets, you will find out that they offer you some really huge leverages. I have seen some online platforms that can offer you leverages of more than 1:500. Yes, that’s how huge you can make your trades when you sign up with them. However, there is a big catch in all of this. You can usually get this level of leverage only on the conventional assets. If you want to get the same leverage on cryptocurrencies, I am telling you that you will end up with some disappointment.

I have been with many companies to know their faults and flaws. They usually offer you the biggest leverages only when you trade fiat currency pairs or stocks. As soon as you move the cryptocurrency market, you notice that your leverages have shrunken greatly. In most cases, they don’t offer you anything more than 1:2. That’s not a big deal and you are not really going to like such a small leverage. However, you are going to love the fact that you can get leverages with WOBIT that will allow you to trade 10x higher than what you are trading with your money.

The Mining Pool

This is something I can tell you that you will not find with any other company on the internet. If you are familiar with cryptocurrencies, you must have heard the name blockchain as well. That’s the technology that makes cryptocurrencies possible. With this technology, you can’t really tamper with the online ledger that rests on the computers of many users in the world. There millions of people who are now connected to this universal ledger that is being shared by millions of other people who are using a particular cryptocurrency.

However, I have to tell you here that you can go a step further by becoming a part of the mining process. Do you know what mining is all about? Well, just like they print the currency that you use in your every day life, you have to produce the currency that you are going to use in the digital world. In other words, the Bitcoin or Ethereum that you use have been mined somewhere and by someone. Can you be a part of that process? Doesn’t it intrigue you that there are people in the world who are mining, or in other words, producing these digital coins all the time?

They become a part of the process that validates every single transaction that takes place with the help of a digital coin. Once they validate the transaction successfully, a specific number of that digital coin is produced. This particular number of coins belongs to the person who validated the transaction. That’s what mining is all about. So, when you sign up with WOBIT, you have a chance to become a part of this particular activity. You can produce coins as well if you become the part of the mining pool. WOBIT has given you access to this pool, whereas other online platforms don’t even talk about it.

At this moment, you will be able to mine Bitcoin only if you sign up with the company to become a part of the Bitcoin mining process. There is something about Bitcoin that attracts traders from all around the world to trade this digital currency. If you want to get your hands on it, you should definitely try being a part of the mining pool with this broker.

Customer to Appreciate

While most of the things are getting better for new traders, I have noticed that some things are not getting better at all. So, I have to tell you about customer service that most other online companies are providing to their traders. In some cases, I have noticed that there is nothing for traders more than the FAQs on the website. When you run into a problem, you have to open that page on the website and look for the answers to all of the questions. If you find your question, you are lucky. However, in most cases, you will not find your specific question, especially when it is of technical nature.

That’s something I really don’t appreciate about online trading services providers. There are so many that think that you are happy with just looking at the frequently asked questions. Now, there is another category that I think is doing a great job but can be better. These are the brokers that provide you with customer support but only during the working hours. Also, they might not always provide you with a phone number. In some cases, they only give you an email address to send all your concerns to. On the other hand, you have WOBIT providing you with something that I call impressive.

You have the customer support department available to help you with all your needs and requirements 24/7. Not just that, in fact, these people are there 365 days a year, which means you can call them on Christmas or any other occasion and they will still be there to help you with your problems. You have the location of the company on the website for your peace of mind. There is a phone number you can call or you can also use the email address on the Contact Us page of the website.

Final Thoughts

Is it the start of professional cryptocurrency trading? Well, I will be overreaching if I just say yes. However, I can see glimpses of the new world when I look at the services being provided by WOBIT. We really are entering a world in which we can exchange value through digital currencies. We are reaching a point where we will not have to be an active part of the trading process and the trading platform will take care of everything on its own. With great customer support and strong passion, you can definitely see a great future as a cryptocurrency trader with WOBIT.

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Craig Wright’s Wife Wins Case Against UFX Exchange 0 62

Not only does Craig Wright claims to be Satoshi Nakamoto, the mysterious founder of Bitcoin, but he also has a reputation of being litigious. Now, it appears that his wife shares the same trait. Recently, his wife Ramona Ang managed to achieve a major victory against the UFX exchange platform. Honorable Judge Justice Butcher hailing from the UK High Court recently ruled in favor of Bitcoin SV proponent Craig Wright’s wife against UFX’s Cyprus-based operator, Reliantco. The exchange had been sued by Ang after it had closed her account without returning the funds she had deposited years ago. 

According to the judge’s ruling, the company was unable to prove that Ang was not the principal user of the account in question. The Cyprus-based company stated that they had shut down the account because it was primarily being controlled by Wright. It alleged that the account was being used by Wright for moving his funds after they had blocked his account on the exchange platform. Wright’s account had been closed down after fraud allegations were made against him, but they did return the $10,000 that had been deposited in his account. However, when they closed down Ang’s account, they didn’t offer a similar compensation.

In the suit filed by Ang, she had demanded a total figure of $708,857, which included her initial deposit of $400,000 that had been invested in Bitcoin futures and the other $300,000 was for the profits she had made since then on her open positions. In fact, a loss of $1,334,163 was also claimed by Ang that would have come if she had opened a Bitcoin account on Kraken and used the asset’s fork to earn 3500 BCH. The total compensation that had been claimed by Wright’s spouse was around $2,643,020. The judge explained in his ruling that even though some of the claims had proven to be inaccurate and untruthful, there wasn’t any evidence to show that Ang wasn’t the principal user of the account.

Hence, the exchange would have to give her a refund. While Ang has enjoyed some success where her lawsuit is concerned, the same cannot be said for Wright. The self-proclaimed founder of Bitcoin has been involved in a legal tussle with his former business associate, David Kleimann’s family, regarding the ownership of Bitcoin. Other than this suit, Wright has had to deal with a few other legal losses as well. In August, Wright was bashed on Twitter by Hodlnaut, a crypto-commentator from Norway, for not paying the $60,000 fee involved in a suit he had lost. 

The suit had been made a year ago, after Wright had been labeled as a liar by Hodlnaut for claiming to be Satoshi Nakamoto. Along with names like Peter McCormack and Adam Back, the man had sued Hodlnaut for libel. Wright said that the commentator had slandered him. However, the case had been thrown out last December by the Norwegian District Court and the Bitcoin SV proponent had been asked to pay the legal fees involved.

Genesis11 Review – Is it a Legitimate Broker? 0 140

Genesis11 Review

The world of online trading is not without its risks, but the lucrative opportunities often make it difficult to resist. In addition, the current economic conditions are prompting people to look for different ways to earn some extra income and the financial markets provide an excellent solution. You may not need a lot of education, years of experience, or copious amounts of money to start trading, but you do need a broker in order to kick off your trading career. They will be your partner in the journey and provide you the assets, tools, and other features you need for unlocking the potential of these markets. 

Where do you find a broker? A Google search will work and you will end up with a list of names to explore. However, it is necessary to remember that not all of these choices may be legitimate and reliable. There are some shady platforms that exist as well and some scams have also been known to happen in this market. Hence, it pays to be cautious and not make a mistake that can set you back in the long run. When you come across Genesis11, you will certainly be wondering whether it is a legitimate option or not. 

https://genesis11.com/
https://genesis11.com/

The only way you can find out is by assessing its features and offerings and then coming to a conclusion. Let’s check Genesis11 out:

It is AML and KYC Compliant 

Two of the most well-known security policies in the world are referred to as AML (Anti-Money Laundering) and KYC (Know-Your-Customer. The purpose of these policies is to prevent the platform from being used for identity theft, money laundering, terrorist financing and financial fraud. If Genesis11 wasn’t legitimate, it wouldn’t be concerned about these illegal activities, so it is reassuring to know that it has chosen to follow proper procedures.

It Keeps Account Segregated

If a company is a scam, they would love to steal your money, which means they certainly wouldn’t offer you segregated accounts. This means that your money will not be kept in segregated accounts and will be mixed with the platform’s funds, so they can use it for their own purposes. Yet, Genesis11 keeps your money in segregated accounts and they are maintained with the top financial institutions for ensuring their security. 

It Offers Excellent Customer Support

Another common indication of a shady firm is that they don’t give you a way to connect with them once you start facing problems. But, on Genesis11, you will discover that they have offered you different channels for customer support. Not only do they have an FAQ section where traders can find answers to any queries, but they can also speak to their representatives through various channels 24/6. They are accessible via live chat, phone and email as well. 

It is Transparent About its Conditions 

When you visit a broker’s website and don’t find any knowledge about the trading costs and fees you will have to incur, it should send up a red flag. With Genesis11, this is not something you need to be concerned about because they are quite transparent about their charges. They offer you excellent spreads and they also charge a commission, which is clearly mentioned on their website. It is a flat rate of $6.95, so you don’t have to worry about increasing costs. Apart from that, they don’t spring up any hidden fees on you like market data fee or inactive account fee. This is certainly appealing because it tells you what to expect in terms of costs and how much profits you get to take home.

Genesis11 has also added a simple registration procedure, a range of trading instruments, educational resources and advanced trading tools for their clients. They offer them easy payment methods to follow and don’t have any unnecessary or complicated requirements, thereby ensuring that you are signing up with a legitimate platform that can help you trade easily.

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