Pros Of WunderBit
- Reasonable and transparent commissions and fees.
- Instant purchase of crypto with payment cards
- Provides access to the currency assets such as Bitcoin, Ethereum, Litecoin or Bitcoin Cash.
- Simple and intuitive website design.
- The exchange is fully compliant with all relevant laws and regulations.
- Supports world-class anti-money laundering, source-tracing, and identity verification procedures.
- The exchange does not store user assets in either the form of cryptocurrency or traditional money.
- Quick and easy registration.
- Accept credit cards, debit cards, and SEPA bank transfers.
- Supporting exchange of crypto from 60+ countries, incl. the United States.
- High limits (first purchase up to USD 10k, following purchases up to USD 25k)
Cons Of WunderBit
- Does not allow the registration of corporate accounts.
- Using Bank payments to buy bitcoin can take up to 2 days
- Possible to sell bitcoin only with bank payment
- Not possible to sell Ethereum, Litecoin or Bitcoin Cash
Wunderbit is a fintech that strives to facilitate the real world use of cryptocurrencies through a number of products and solutions. Wunderbit currently offers crypto exchange service, social trading platform, bitcoin payment processing service and over-the-counter service.
Wunderbit Exchange currently allows its users to buy Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Not only does it accept credit and debit cards as payment like most big exchanges, it also accepts SEPA bank transfers and Skrill.
Wunderbit’s fees and commissions depend on the transaction type. You may face a bank transfer fee, a Bitcoin transaction fee, a debit or credit card processing fee, and, of course, Wunderbit’s commission.
Wunderbit exchange is a fully accredited European financial institution that operates as a provider of exchange services between virtual and fiat currencies under a government license issued by Estonia.
Wunderbit exchange is developed to shield users from coins used in criminal movements. This exchange maneuver’s an attestation system that examines each and every incoming bitcoin transaction before accepting it. Most of the bitcoin exchanges accommodate at least a few ‘dirty’ coins. This comprises of purloined bitcoins from hacked wallets, connected with criminal activities, or utilized in money laundering. Dirty bitcoins are a huge discouragement for buyers across the globe, especially if you’re in thoughts to stake huge amount into bitcoin, you want to be assured you’re investing in clean coins. Thus, buying from Wunderbit you are safe.
Moreover, Wunderbit is run by a strong team of experts with diverse expertise in the fields of trading, finance, IT and anti-money-laundering.
How Do You Get Started With WunderBit?
Levels of authentication
There are currently 2 levels of authentication available on Wunderbit. These dictate your transaction limits and available means of payment.
In order to reach the first level, you will need to provide your full name and address, upload a high quality scan of a personal identity document, as well as a high quality photo of yourself holding the same document. If you want to reach the second level of authentication, you will need to upload a high quality photo of your bank account statement in which your name, surname, the name of the bank, and your account number are clearly visible, and, similarly to the first level, a high quality photo of yourself holding the same bank statement.
Wunderbit claims to store only the data necessary for the functionality of their service and promises to never disclose your data and personal information to any third party without your consent.
Wunderbit is also very serious about security and privacy protection. They have a multitude of password protected directories and databases to safeguard the user’s information, advanced security technologies, such as SSL to encrypt and protect your data, as well as other measures to prevent their servers from unwarranted access, exploits and attacks.
Limits and available payment methods
Purchasing limits at Wunderbit vary, depending on you level of verification and payment method.
To buy crypto
For payment with credit card (VISA and MasterCard):
- First transaction: from 50 USD to 10 000 USD
- Daily limit: up to 20 000 USD
- Monthly limit: up to 50 000 USD
For payments with Skrill:
- Daily from 200 EUR;
- Monthly limit 15 000 EUR
For payments with Bank Transfer:
- Daily from 500 EUR;
- Monthly limit 15 000 EUR
To sell crypto
Currently it is possible only to sell Bitcoin. It is possible to receive only in Euro and to get it by SEPA bank payment. In order to do so Level 2 of verification must be obtained.
Once the verification is done, you can proceed to sell bitcoin in Exchange tab of the cabinet. In order to settle the order you will need to provide details of how you obtained the bitcoin. For example, valid reason can be: previous purchase of bitcoin, trading activity, mining, actual trade (selling of goods).
More details can be found at https://wunderbit.co/en
Wunderbit’s affiliate program allows its participants to earn 20% of every successful transaction. Commission is paid out on a weekly basis and anyone can apply to become an affiliate of Wunderbit.
The site has its own blog with various crypto related articles, as well as a weekly market analysis video with trading advice and detailed explanations of the market’s activity.
Furthermore, Wunderbit created a mobile game to educate people about trading basics in an entertaining way. The game is free and available for Android.
Wunderbt Millionaire is an easy way to grasp the core elements of crypto investment in a straightforward format and develop a strategic approach to the crypto market.
The objective is very clear, to become the richest player by the end of the game! Each player will have an initial amount of capital, which he will have to invest intelligently into crypto assets that are available in the game. The player can adopt any strategy of his choice – buy and sell bitcoin; buy and hodl bitcoin, or maybe Buy Sell Repeat.
One of the key elements of the game are the Power Cards. With their help, the player can manipulate the market in his favour or deliberately drop the prices down to decrease the profit of his opponents. These pumps and dumps are heavily linked with the real life situations that occurs in the crypto market, in which a single major player can have a strong influence on the crypto asset. This game represents an ideal stepping stone into the world of crypto currency investment and speculation and prepare the potential trader / investor to think strategically about the opportunities that are available in crypto markets.
– Become the richest trader by the end of the match.
– Compete with up to 3 other traders.
– Play against 3 difficulties of AI.
– Challenge your friends in local multiplayer.
– Use Power Cards to manipulate the cryptocurrency market.
– Study the investments of other players to gain the competitive edge.
– HODL and receive dividends every time your investments go above 250$.
– Advanced game features: Bank, Pro Mode, and Bankruptcy.
– Experience this and much more in Wunderbit Millionaire!
Not just an exchange – other products of WunderBit.
Wunderbit Trading is a social trading platform that allows two types of audience to engage and profit from each other. It brings together people who would like to invest in crypto with people who actually know how to do that. Trading platform is connected to the largest crypto exchange – Binance, where all actual crypto trading happens. This also ensures a high level of security and liquidity. Role of Wunderbit Trading is to make the capital management and trading activity as sophisticated as possible by allowing to focus on the most important – analysis and decision-making.
Investing in crypto should be intelligent
People with investing mindset purchase crypto and keeps it with them. Which is a good strategy if you enter and exit at the right moment. On a bullish market investors will profit, but in a bearish market investor’s balance in fiat will break the floor. A great way to hedge yourself is to do at least a little bit of trading, thus to exit once the growth potential is exhausted and re-enter the market in the beginning of the next wave. Trading requires certain level of expertise, a good portion of your time and a strong nerve.
If you want to become a smart crypto investor you just need the right instrument, and this is Wunderbit Trading. This platform allows you to enter the crypto world seamlessly and let professional crypto asset managers with transparent track record, handle your portfolio profitably.
Benefits of investing with Wunderbit Trading
In house exchange
As mentioned earlier in the article, the entry and exit into the world of crypto is very easy with Wunderbit. It designed its own crypto exchange and it is licensed legally to purchase and sell crypto in several ways.
Carefully selected traders
Anyone can register at Wunderbit Trading as a trader, but in order to gain access to investors’ capital, has to pass a certain threshold and achieve positive trading results. Their own algorithms are monitoring trading statistics and based on the performance make successful traders visible for investors. Automatic selection exclude human-bias and make Wunderbit Trading a profitable platform for each party.
Make your crypto work
Investor can select a trader of his choice, who would manage his capital for a commission which will be deducted only from profitable trades. For example: the selected trader earned 10% gain on investor’s capital. Out of that 10% only, investor will have to pay a commission to trader. In case of zero-profit or a loss no commission is charged.
No risk of fraud
Traders will manage investors’ funds through the API with the withdrawals regulations. This will enable them to process trades on stakeholders account and will limit them from moving investors’ funds anywhere. Thus, there is Zero risk investor’s funds will be stolen.
Transparency & Control
In the investor’s cabinet, the user will be able to see each trade that is executed by a trader. And the best part is that there are no fixed contracts, which binds investor to stay with trader for more that he would like to. One-click and you are disengaged from the trader with all the funds in your exchange account.
Trading crypto with a consistent growth
What’s make most traders successful is consistency in trading. However, to achieve that consistency a trader will require significant amount of time. With Wunderbit Trading you can automate your trading strategies, thus spend a lot less time for monitoring and execution.
Secondly, traders who can make consistent profit, may not have enough capital to make trading as their full time job. On Wunderbit Trading platform, successful traders get access to investors’ capital and receive commission out of profitable trades, therefore boosting their own capital.
Flexible way of creating orders: adding Take Profit and Stop Loss to any order on Binance. Operate as many trading accounts as you want at the same time with automatic execution of a trade on all accounts.
Access to investors’ capital
Trader can connect with thousands of new investors and create consistent profit by applying your strategy to investor’s funds. Become a top trader and receive extra profit as a percentage of investors’ capital gain.
Multiple Account Management
Traders can manage multiple personal and investors accounts at the same time without the need of executing the strategy on each account. Also, traders can connect and manage existing external investors into Wunderbit Trading through API without registration.
All technical functionality is absolutely free of charge for traders. Trader can start trading with your own capital with zero commission per trade and no monthly subscription.
Should you go for Wunderit Trading?
With Wunderbit Trading platform Crypto traders become more than a trader, they become fund managers. The instruments that are combined in the platform allows traders to create, manage and grow their capital in a flexible and easy to use manner
Bitcoin payment service provider (PSP)
Wunderbit Commerce is a bitcoin payment service provider that allow merchants to accept Bitcoin payments and have the funds directly deposited into their account.
With Wunderbit Commerce you can create and send invoices issued in Bitcoin. You even have the ability to use it as a payment method on your website. It’s easy to jump into the service as the sign up is simple and quick. The exchange rate of the EUR is tied to the invoice and automatically updated.
Benefits to start accepting bitcoin payments with Wunderbit:
- Gain access to $250 billion crypto market
- Just 1% fee
- No chargebacks or ID theft
Why to start accepting bitcoin payments with Wunderbit Commerce?
The service is straightforward and easy to use from both the customer side and the merchant side.
Ways to accept
- Issue invoice and send by email: send invoices to your customers as quickly and easily as sending an email.
- In person: accept Bitcoin payments on your smartphone or tablet.
- On your website through integration: accept Bitcoin payments instantly from your customers online.
Choose payout method
Merchants can choose whether to keep bitcoin or to get it instantly converted to euro and receive to their bank account.
How to sign up and start accepting payments?
- In order to start accepting bitcoin payments you need to sign up on commerce.wunderbit.co and fill basic information. In case you want to get payout in EUR you will need to submit legal documents and get verified at Wunderbit.
- Once the payout currency is sorted, you can start accepting payments in person or by sending invoices through email. In order to start accepting payments online, you need to integrate the service to your online store. We have few options ready to make it easier. In case you may need help, you can always contact the support.
- Once a period payments will be settled the payouts to your account will be performed.
Wunderbit charges only 1%.
OTC (over-the-counter) trading
Wunderbit offers OTC trading for institutional buyers and sellers.
What we trade
- Bitcoin BTC
- Ethereum ETH
- Litecoin LTC
- Ripple XRP
Terms and Eligibility
- EUR 50,000.00 minimum transaction
- SEPA Transfers
- EU company
- Eligibility subject to AML/KYC and other requirements
Benefits of working with Wunderbit OTC
- Same-Day Settlement
- Expertise and insights
- Deep liquidity
- EU license for cryptocurrency exchange services
How it works
1. Sign up
if you are interested in purchasing or selling a huge number of digital valuables over-the-counter, get started by simply approaching the Wunderbit OTC desk and complete the necessary documentation. You can also mail at email@example.com for further queries.
Everyone should go through the standard Wunderbit onboarding process, and complete their standard level of verification, to allow huge transactions by becoming an OTC client.
All OTC clients should provide their information like a Government ID, Residence certificate and Proof of Income.
3. Send request
Write an email with your request, it can be as simple as:
You: “I would like to buy 100 Bitcoin.”
Wunderbit: “I can sell 100 Bitcoin at a price of 6,000 EUR per Bitcoin.”
4. Send funds
After affirming the request, stand-by for an affirmation of the transaction via email. In this email, you’ll get SEPA guidelines for the bank account, where you will transfer the funds.
5. Confirm order
After transaction funds into your account, Wunderbit OTC will contact you to affirm the present price offer.
Once you confirm the offer, your order will be processed.
6. Complete order
Wunderbit OTC will send the assets to the specified wallet address, along with a confirmation email to your inbox, and the order is complete.