WunderBit Trading, a cryptocurrency exchange, aims to assist both novice and experienced traders in blockchain technology. WunderBit Trading allows users to open a free account and trade or purchase crypto assets using their credit cards.
Anybody can verify their trader (upto $300 for trader with verification), before they can use this platform. It doesn’t store funds, making it safer than other platforms.
WunderBit Trading lets you automate trading by using a tool called “trading robot”. A trading bot is basically a protocol which executes trades according to the parameters it was given at deployment.
It allows users to copy the specifications (entry and exit) of top crypto traders, which is unique.
WunderBit: How to get started
WunderBit Trading registration is easy and takes just a few minutes. These are the steps that will get you started:
- Visit the website https://trading.wunderbit.co
- Click the button “Sign up!” in the upper right corner.
- Enter your email address to create a strong password
- Verify your email address using the verification code
- Log in to WunderBit Trading with your new credentials
After creating an account, it is a smart idea to activate Two Factor authentication. This will improve account security. Click on the link “Settings” at the top to activate 2FA.
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78% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading forex or CFDs on margin involves a high degree of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss equal to or greater than your entire investment.
CFDs are complex instruments and involve a high risk of losing money quickly because of the leverage effect. 68% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
WunderBit automates trading using TradingView bots that receive trading signals from the market and execute complex trading orders
TradingView uses PineScript as its coding language. This allows traders to create predefined criteria and further customize them as needed.
This is WunderBit’s greatest selling point in this review.
TradingView scripts make WunderBit bots easy to set up and maintain. You can also set them up to make a profit.
TradingView scripts allow extensive backtesting. Users can use this feature to test their strategies against market conditions, and then see how they perform.
If the bot works well, you can immediately launch it and start earning money. It’s back to square one if it fails.
WunderBit Smart Trading
WunderBit’s smart trading terminal allows users to trade multiple assets on one exchange.
Select the assets that you want to combine into a spread and the trade terminal will simultaneously buy and sell each asset.
With the flexible options of the terminal, you can also create smart trading orders.
It is as simple as clicking a button and adding or editing Take Profit, Trailing stops, or Stop Loss to any order the bot has previously assigned.
Multiple crypto trading accounts can use automated trade execution orders. As many accounts as you want.
WunderBit has perfected the classic investment strategy. Their DCA bot excels when there have been price fluctuations and volatile markets.
Because it involves smaller trades than one big order, this method reduces the risk of volatile markets.
By investing less, the bot can help overcome market downturns. The DCA bot reduces the risk of bad timing.
This classic is a timeless classic in crypto trading.
WunderBit Grid Bot
Grid bot, which is still in the WunderBit Pot and will be available to crypto traders who choose this company’s trading automation tool, is soon to hit the markets.
You can make sure they sell when it rises, and you buy when it falls.
These bots work best in volatile markets with frequent and severe price swings.
A sequence of orders creates a type of grid that gives rise to the entire approach.
Arbitrage trading will also be available soon. This strategy lets you make the most of price differences across different markets.
WunderBit’s trading bots will be able to spot a pair on two exchanges (e.g. Ethereum) and notice a price difference of 7%.
The bot will purchase Ethereum at a discount of 7% and then sell it to an exchange with a higher price by 7%.
The difference is when you make a profit directly in your crypto wallet.
Crypto Portfolio Tracker
WunderBit also provides tools that simplify and streamline digital finances and make it easier for you to trade crypto.
WunderBit’s crypto portfolio tracker provides, for instance, one space for every balance or exchange you have at any given time.
To keep track of all balances regardless of exchange, connect the API to exchanges.
Multiple Account Management
WunderBit makes it easy to trade on various exchanges that you have accounts.
Their API allows you to add multiple exchanges into your trading bot and to execute orders on each one.
You can manually trade crypto day using your trading terminal but it is not recommended if you already have a crypto bot.
This would also render this review of a bot for crypto trading redundant. I believe you will agree.
Pros and Cons
|Automated trading capabilities||Automated trading needs refinement|
|Easy platform for arbitrage tactics|
|Multiple accounts can be managed using the same source|
What is the cost of WunderBit trading?
WunderBit’s comprehensive and robust services will show you that you have to be willing to spend. There are a variety of subscription options available, including premium and free, which can be scaled up to suit your needs. Below is the pricing range:
- Free: $0
- Basic: $9.95 per month
- Pro: $24.95 per month
- Premium: $44.95 per month
The best thing about the free trading apps is that it is not limited to a basic level. WunderBit’s greatest feature is the ability to use up to two active bots, even though you don’t have to pay anything. If you require more automation for your portfolio, you can upgrade to one the many paid subscriptions.
WunderBit is a leader when it comes to connected exchanges. They have a number of top crypto exchanges, such as Bitmex (FTX), KuCoin and Huobi.
This flexibility is very much appreciated and goes hand-in-hand with their cross-exchange abilities.
WunderBit has its own exchange, and is connected to other exchanges. This is a great solution that can be used by itself, and it comes with a large amount of digital assets and cryptos supported. There’s also a 1% transaction commission.
You don’t have to participate in any particular exchange.
WunderBit Trading is a multi-exchange service that allows users to trade crypto directly through the Trading Terminal. Users can also copy top traders and automate bots from the most popular crypto trading platforms.
It’s great to be able to search for hundreds of bots and view trader’s performance in the market. It offers many features that traders and investors of all experience levels can use to maximize their cryptocurrency portfolio’s profits. WunderBit Trading is a simple, yet solid platform for serious crypto traders.