Wunderbit

INTRODUCTION

WunderBit Trading is a copy trading platform that allows its clients to start trading in cryptocurrency without much effort.

WunderBit aims to create a seamless experience for users, making it the ideal platform for beginner traders with its simplicity, but more experienced traders will benefit from it because of its wealth of usable features.

Traders can copy-trade the best crypto traders or trade by using the advanced trading terminal or create a fully automated trading bot with TradingView. WunderBit Trading will help any trader to automate any TradingView scripts into the fully functioning crypto trading bot.

With TradingView’s PineEditor a trader gets the most powerful tool to create their own crypto trading strategy and they can backtest these strategies and effortlessly apply them to any crypto pair and timeframe. A trader can then set up trading alerts each time their strategy suggests buying or selling.

Using best trading view scripts together with the WunderBit automated trading system can create an unlimited number of cryptocurrency trading bots and grow the crypto portfolio for a trader easily.

The trading bot automates the trading of cryptocurrencies by using crypto signals together with the user’s settings and rules and helps traders to find top-performing crypto traders and copy all their trades automatically.

Trading bots make the process to get into the cryptocurrency trading sphere easier to maintain and help you maximize profits and minimize losses.

With trading in cryptocurrency opening a whole new world, bots are most probably here to stay.

HISTORY AND HEADQUARTERS

WunderBit was established in 2018 in Estonia by a team of experts from the fields of finance, trading, anti-money laundering, and software development.

WunderBit is a financial technology (fintech) company that strives to facilitate the use of cryptocurrencies through several products and solutions. It is licensed, accredited, and regulated by the Estonian government to enable clients to buy and sell Bitcoin safely and securely.

WunderBit believes that cryptocurrencies and blockchain technology will help create a better financial system for the future and strive to assist it by creating products and services that make the use of cryptocurrencies simple, stable, transparent, and secure.

FEATURES OF WUNDERBIT

WunderBit allows users to copy the best trading strategies from the best crypto traders. As a new and automated copy trading platform, it has various unique features that ensure a seamless experience for users.

Specific features include the following:

Copy-trading

Using technology to copy the real-time forex trades (forex signals) of other live investors (forex trading system providers). This way, you can automatically replicate (copy) their trades in your account.

Social Trading

You can register as a trader or an investor. Being a trader will allow you to trade and have investors commission you to manage their investments and being an investor will enable you to follow one or more traders of your choice, which allows you to copy their trading strategies for a commission that will be deducted from profitable trades only.

Multiple Account Management

WunderBit Trading’s simple and intuitive trade terminal allows traders to connect and manage multiple exchange account portfolios at the same time in one place and manage the portfolios of their investors through an API if they are traders.

Trading Bots

WunderBit Trading enables users to create and automate their own crypto trading bots and provides step-by-step guides and tutorials to do that.

ADVANTAGES OF WUNDERBIT

WunderBit offers logic-based decisions, which are not clouded by any human judgment and emotions, with all decisions that need to be taken, based on an algorithm formulated for maximum profit. Advantages include the following:

• Crypto Trading Bot – One of the benefits of cryptocurrencies is that the underlying market trades all day, every day. WunderBit offers crypto trading bots that will follow your exact parameters and specifications, and trade on your behalf for a specified cryptocurrency.
• Instant trading – Since the cryptocurrency market is volatile and dynamic, even just a split second can be the difference between profit and loss, therefore WunderBit enables the trader to make trades by setting a predefined rule set for the bot.
• Lots of signals – The trading bot determines to sell and buying based on the signals that the trader has allowed, which means that an informed decision will be taken after logical thinking, and with analysis from multiple sources.
• Visualizing a strategy – WunderBit’s trading terminal allows a trader to see the strategy he has in mind pan out, with the results.
• Simplicity – WunderBit makes it easy for traders to adapt to the platform.
• Multiple Account Management – WunderBit offers multiple account management. You can control and enter trades simultaneously across various exchanges from one central location.
• Spread Trading Terminal – Applying a crypto arbitrage trading strategy to crypto futures will automatically reduce the overall volatility and at the same time limit the trader’s risks in the event of unpredictable market crashes.

DISADVANTAGES OF WUNDERBIT

The relatively new platform – As it has only recently entered the market, information on the platform is still hard to obtain and the bot has not been able yet to manage to carve out a niche for itself amidst its competition.

PROS AND CONS

COST AND FEES

WunderBit cryptocurrency exchange fees and commissions are reasonable and transparent, offering one of the cheapest ways to buy bitcoin as well as excellent bitcoin exchange rates.

Registering and using the platform along with its various tools is free of charge for investors and traders. Investors, however, need to share 30% of their profit every two weeks starting from the second month of use, as the first one is profit sharing-free.

Further, if you want to access the best that WunderBit has to offer, you must be prepared for some expenses. The platform allows users to scale up their subscription based on their needs, ranging from free to premium, according to the following pricing spectrum:

• Free: $0
• Basic: $9.95 per month
• Pro: $24.95 per month
• Premium: $44.95 per month

PAYMENT METHODS

Users can buy Bitcoin online with a credit or debit card instantly using WunderBit for USD, EUR, or RUB. These top cryptocurrencies can be bought fast and securely. Other than credit and debit cards (Visa and Mastercard), WunderBit also accepts a SEPA bank account.

SAFETY AND REGULATION

WunderBit assures prospective users that no risk of fraud exists with this function because no one can steal your funds due to the use of specific application programming interface (API) keys.

WunderBit trades directly on the exchange side, making trades and resources safe and secure.

The developers of WunderBit promise that it is safe and secure to use the bot since they do not hold traders’ funds; it is secured on the exchange side.

HOW TO USE WUNDERBIT

When creating your account on WunderBit Trading, you link your account with one of the supported exchanges with your API keys which will allow you to track and manage your portfolio.

You can start by either trading yourself or creating your own personal bot.

WunderBit’s website includes a comprehensive FAQ section, which will answer how to access the platform’s most advanced features.

WunderBit does not get permission to withdraw funds, so a trader’s assets are safe on the exchange. A trader simply funds their exchange account as they normally would and then they can use whichever features from WunderBit they would like to automate their crypto trading and maximise their profits day and night.

CUSTOMER SUPPORT

WunderBit allows you to contact them either by phone, by email or through an interactive chat.

Quite a few users have complained about glitches in the WunderBit system, but the team behind it promised to do their best to support users if things go awry.

EDUCATION AND TRAINING

Before starting to trade, potential WunderBit clients should arm themselves with all possible information and trading skills needed to be successful in the world of cryptocurrency trading. If WunderBit ’s website itself does not provide enough means, a trader should explore other information sources to obtain those skills and knowledge.

RESEARCH

Potential traders always need to do as much as possible research about speculative trading before commencing to do it. Successful trading relies heavily on knowledge and understanding of the markets and the platform; therefore, research options form an integral part of its features when choosing the right company to trade with.

SUMMARY

WunderBit is a platform that can be useful for traders, regardless of their level of experience due to the ability to copy the best traders.

The excellent features combined with top-level security and the fact that it is free to use makes it an excellent choice for anyone interested in crypto trading. With its automated bots and copy trading feature WunderBit separates itself from the crowd regarding cryptocurrencies and their always-on nature.

The WunderBit pricing spectrum allows people to scale up their services on a try-before-you-buy basis.

DISCLAIMER

WunderBit warns potential traders that Forex and Crypto trading always carries a prominent level of risk, therefore may not be suitable for all investors.

WunderBit products are complex instruments and come with a substantial risk of losing money rapidly due to leverage, thus not necessarily suitable for all types of investors.

Potential traders should consider whether they understand how these products work and whether they can afford to take the substantial risk of losing money.

FAQ

What is a crypto trading bot?

Cryptocurrency trading bots are software programs that can help you automate your trading strategy and take full advantage of the crypto exchange market.

Why are crypto trading bots useful?

Bots enable a trader to run his trading plan 24/7 so if you are a part-time cryptocurrency trader or are unable to always stay on top of the market, a bot allows you to trade efficiently without having to dedicate lots of time to market analysis.

Are trading bots legal?

Cryptocurrency trading bots are fully legal but not all brokers allow bot trading. Algorithmic trading is legal, but many people have objections to how automated trading can impact the markets.

Are trading bots safe to use?

WunderBit takes security very seriously and it follows the strictest processes to assure a higher level of security by using encrypted data.

How to choose the best trading bot?

There are specific key functions to remember when choosing a cryptocurrency trading bot. You need to understand functions like reliability, security, profitability, transparency, and ease of use when researching bots, so it is important you understand exactly what each one means.

Do I need to deposit funds?

It is optional and usually depends on the service a trader wants to use.

Are there trading fees charged?

No, WunderBit does not take any fees from trades. The only fee you need to pay is the one from your enabled exchange, nothing from WunderBit.

What types of payment does WunderBit accept?

Currently, WunderBit accepts debit and credit cards and SEPA accounts.

Do I need to pay for the signals?

There are Free and Paid signal providers and copy traders integrated with WunderBit. Some of them require an extra cost that you may pay directly to them externally or internally.

How much profit can a trader make?

As a platform WunderBit’s role is that of an intermediary, to make it easy to trade or invest for traders, but it cannot assure any profit. Profit depends on the trader’s choices and the market conditions.

Is a trading bot easy to use?

Yes, if you decide to go with Profit Sharing, which is the easiest way to invest, you only need to choose a trader to invest in and allocate the desired amount. And if you need help, support is available.