Cryptocurrencies have become all the rage nowadays, with Bitcoin breaking past its previous all-time high at the end of 2020 and continuing its rise up. The overall market has also seen a drastic increase in value and during a time when other markets were struggling, the crypto space continued to grow and boom.
Subsequently, it drew the attention of people all across the globe because there were a lot of profits to be made. Who doesn’t want to get a piece of it? In addition, entering the crypto market is just as easy as other financial markets; all you need is a broker.
Due to the expansion and growth of the crypto market, there has also been an increase in the number of companies providing crypto trading services. There are a multitude of names you will find when you begin looking and this is certainly beneficial. But, it should be noted that not all of them have been created equal, which means there are some that might not be up to the mark. Therefore, you need to know what a platform offers before you sign up. One of the companies you will discover is Wobit, which has been especially established for providing crypto trading services.
What should you expect from this brokerage? Check it out below:
Variety of Cryptocurrencies
As mentioned above, the crypto market is grown significantly in the last few years and there are thousands of cryptocurrencies to be traded. Every company will offer you a different combination of these digital currencies to trade. When it comes to Wobit, you will discover that they are offering you, by far, the biggest variety of cryptocurrencies. Most companies have chosen to stick with popular and highly profitable options and ignored other smaller ones that have the potential to grow in the future. Yet, Wobit has not made the same mistake.
Upon taking a look at their offerings, you will come to know that their variety of crypto is rather impressive. Not only do you get to trade the big names like Bitcoin, Ethereum and Litecoin, you can also find some other lesser-known, yet potentially profitable ones like Bitcoin Cash, Ripple, Dash, Zcash, IOTA, NEM, Ox and NEO. You can diversify your crypto portfolio as much as you like.
Range of Accounts
Even though a number of crypto brokers exist in the market, not all of them cater to different types of traders. Some only offer their services to experienced traders, while others prefer intermediate traders. This can be quite frustrating for traders because they want a platform they can use in the long term, without having to switch repeatedly. With Wobit, you don’t have to worry about this at all because they are facilitating all types of traders.
They have developed different account types in order to do so and have created individual options for every category of trader, such as newcomers, beginners, intermediate, seasoned, experienced and professional. Trail, Basic, Trader, Pro Plus, VIP, Millionaire Club and VIP Ultra are the account options that you will find at Wobit. The lowest minimum deposit is for the Trail account and it starts at $300 whereas the VIP Ultra account has the highest deposit of minimum $1,500,000. The features of these accounts also vary and traders can evaluate each before choosing one.
It is not a good idea to opt for a broker without knowing what kind of security they offer. After all, the internet is a risky place and you don’t want to take this lightly. With Wobit, you can enjoy peace of mind because they use SSL (Secure Socket Layer) certificates for encrypting web traffic and other advanced encryption technology for protecting all data. They are also fully compliant with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) security policies. This keeps you safe from security concerns like money laundering, identity theft and financial fraud, allowing you to trade safely.