Here in this article, we will be telling you all about WunderBit Review, you need to know about WunderBit that will help you make an informed decision of whether paying for it is worth it or not.
While there are numerous cryptocurrency trading bots available, Wunderbit Trading provides an innovative service that assists you in locating the most profitable crypto bots and real traders.
In this review, we will go over all of the features, tools, functions, and prices of Wunderbit crypto trading software to help you decide if it is right for you.
What Is a Crypto Trading Bot?
A crypto bot, also known as a crypto trading bot, is a software application that interacts with a user’s exchange account via an API and executes trades automatically when market conditions meet a set of predefined criteria.
Crypto trading bots can interpret and combine traditional market signals like volume, orders, price, and time with technical analysis signals like moving averages, Bollinger Bands, the Ichimoku Cloud, and, increasingly, social media sentiment.
There are numerous platforms available to meet the various needs of the crypto trading community. Some are intended for experienced traders and allow them to develop complex automated strategies that can be tested against historical crypto market data.
What Is Wunderbit?
Wunderbit is a cryptocurrency exchange platform that focuses on Bitcoin. It is one of the most advanced trading platforms on the market, with services that can be used without registering for paid memberships.
Wunderbit can purchase cryptocurrency using credit cards, making the process simpler and faster than using wire transfers or debit cards alone.
However, in order to maintain a safe and secure environment for the entire user base, the platform still requires users to complete their verification.
Wunderbit is a relatively new company, having been founded in 2018. It distinguishes itself by providing you with a variety of automation tools that can trade for you. Not only that, but it is also a platform that connects investors and traders in the hopes of establishing long-term profitable relationships.
It allows you to automate the trading process by using a tool known as a trading bot. A trading bot is essentially a protocol that will execute the trade based on the parameters specified when it is deployed.
What Can You Do With Wunderbit?
Wunderbit allows you to manage portfolios of multiple crypto exchange accounts at the same time – without having to execute separate trades on each account – and use the full range of trading features such as simultaneous take-profit and stop-loss targets, swing trade, trailing stop, multiple entries for bots, and many more.
Wunderbit’s easy integration with TradingView and its Spread-trading terminal are two distinguishing features that set it apart from similar services.
Wunderbit Trading enables users to turn any TradingView script into a fully functional cryptocurrency trading bot. Any crypto bot can be built and adjusted in a matter of seconds using simple automated trading software.
Wunderbit’s services are divided into three categories: cryptocurrency exchange, commerce, and trading. Investors can use fiat currencies and credit cards (MASTERCARD and VISA) to purchase crypto-assets (Ethereum and Bitcoin) at low prices and competitive exchange rates through the exchange.
Individuals can accept cryptocurrency payments via email or their website by using the commerce service.
This service implies that not only merchants but also investors or traders can use it.
When it comes to trading, the service includes crypto bots as well as the ability to mimic or copy the entry and exit points of the platform’s top traders. The platform also has an ambassador program, which incentivizes users to invite family and friends to the platform.
Features & Functions of Wunderbit:
Wunderbit Trading is a cloud-based platform that makes it simple to begin trading and investing in cryptocurrency.
Users can copy trade the best cryptocurrency traders with transparent track records, trade themselves using Wunderbit’s advanced trading terminal, or use TradingView to create fully automated trading bots.
1. Copy-Trading:
Wunderbit’s copy-trading platform enables users to invest in crypto assets alongside seasoned professional traders in order to benefit from their knowledge.
This application of experience has proven to be profitable in terms of investing in crypto assets on autopilot without sacrificing transparency and control.
Wunderbit’s advanced copy-trading cryptosystem is extremely dynamic, automatically copying and executing the trades of the professional traders the user has chosen to follow.
Copy-trading is simple and can be very profitable, especially for those who do not want to monitor the crypto markets themselves.
Wunderbit Trading enables users to follow experienced and profitable traders while ensuring the safety and transparency of each trade.
All traders will have fully transparent trade records that users will be able to analyze. Users can examine all of the trades, statistics, and metrics of every trader active in the crypto markets before deciding on the one that best suits their risk/reward profile.
Furthermore, Wunderbit’s platform, where all trading activity occurs via API, allows users to make their crypto work completely secure. Once a trade has been completed, the traders will not be able to withdraw any funds.
Copy-Traders will also have access to a number of tools that will give them more control and flexibility over the main copy-trading function. When users begin copying any trader, they can, for example, specify the custom size of funds for copy-trading.
2. Automated Trading Bots:
TradingView is a cloud-based trading platform that provides unique trading capabilities by utilizing market information, proprietary research, and analysis. Wunderbit users can convert any TradingView script into an automated trading bot. Wunderbit allows users to change their automated crypto strategy in seconds.
Wunderbit users will need to use TradingView to build their cryptocurrency trading bots. Users can set up alerts whenever their strategy suggests a trade.
Users of Wunderbit can easily convert alerts into execution commands and choose an exchange partner.
The Wunderbit Trading Platform has made it easier to create and develop an automated crypto trading bot. It is worth noting that these automated trading bots can easily gather market data, analyze market conditions, and provide statistics to users before recommending trades.
Users, for example, can programme the bot to buy when the price of a specific cryptocurrency reaches a certain level.
3. Spread Trading:
Our platform’s spread trading terminal is a one-of-a-kind feature. It enables you to create a spread between various assets traded on the same exchange.
Choose which assets you want to use to create a spread, and our smart trade terminal will simultaneously buy one and sell the other.
Simply change the type of your strategy from Classic to Spread to change the view of the Smart trade terminal. These buttons can be found beneath the exchange selection field.
4. Marketplace:
Wunderbit provides you with access to an active marketplace where you can grow your cryptocurrency portfolio alongside professional traders. Copy-traders can select the best cryptocurrency trading signals and automatically copy their actions through Wunderbit Trading using their simple automated software.
When the signal provider enters the trade, either manually or through the bot, a copy trader will do the same and open the order on the exchange.
As a copy-trader, the user will be able to specify the amount and leverage he wishes to use for this strategy.
Wunderbit Trading marketplace provides detailed statistics for each account and individual bot, allowing copy-traders to analyze signal providers and make an informed decision on whom to follow.
5. DCA Bot;
DCA is a traditional investment strategy in which the trader purchases a portion of the asset after a predetermined price fluctuation. Using the DCA method in a trading system can help traders in a variety of ways. To begin with, in volatile markets, you can reduce risk by entering the position with a smaller portion of your funds.
Second, you can avoid market downturns by purchasing assets at a lower cost. Finally, using this method will smooth out the average entry price, lowering the risk of bad timing.
6. Crypto Portfolio Tracker:
Tool for tracking cryptocurrency portfolios that is simple, secure, and precise.
You will always have a clear picture of your portfolio distribution, not only across assets but also across exchanges, with the help of our online trading tools.
7. Multiple Account Management:
Wunderbit Trading offers one-of-a-kind cryptocurrency trading tools for portfolio management across multiple exchanges.
With a single click, the trader will be able to add multiple APIs to his account and trade on all of them at the same time. You simply need to select the APIs that you want to use in the trade, and the trade will take place on all of the selected APIs at the same time.
How Does Wunderbit Work?
Wunderbit does not provide a wallet service. Instead, it connects to a number of different cryptocurrency exchanges. It currently supports major exchanges like Binance, Deribit, Bybit, FTX, and KUCOIN.
However, it is in the process of adding new exchanges, and you can expect to see BitMEX, Kraken, and Bitpanda Pro among many others, in the near future.
Wunderbit, as a cryptocurrency exchange, works and functions similarly to other platforms.
Wunderbit charges a small fee for transactions (which is lower than the industry average) and offers a variety of premium packages for those who want to take full advantage of this one-of-a-kind platform.
TradingView is required to create a crypto trading bot. This tool enables you to design your own strategies, backtest them, and easily apply them to any cryptocurrency pair and timeframe. After that, you can set up alerts to notify you whenever your strategy suggests buying or selling.
We will convert the alert into an execution command and send it directly to the exchange of your choice to enter or exit the trade when you receive it.
The account pricing for the 1 monthly packages ranges from $0 to $44.95 per month. The free account is not burdensome for users, who can then gain experience before committing to a subscription plan for additional premium features. Together, these are the platform’s primary sources of revenue and profit.
Is Wunderbit Easy For Beginners?
The Wunderbit Trading platform prides itself on providing a seamless experience for its users through the use of unique features. Because of its simplicity, the platform has a user-friendly interface and can help users start trading and profiting in the crypto world. It aims to serve both newcomers and seasoned traders in the blockchain world.
Wunderbit allows users to start trading with a free account and purchase crypto assets with credit cards. Any trader can complete the verification process (up to $300 in trader value without verification) and begin using the platform.
Because the exchange does not store any of the funds, it appears to be safer than other platforms, particularly those that have been compromised in the past.
Creating an Account:
Individuals who want to sign up for Wunderbit can do so by entering their email address, phone number, and other information. For users who want to trade more than $300, creating an account does not end there because they must go through the verification procedure (which requires an official ID that includes the users’ faces).
Users are advised to create an account with a strong password that adheres to the password strength guidelines. Individuals can log in using their account credentials after creating an account.
Buying & Selling Cryptocurrencies:
The process of trading cryptocurrencies on Wunderbit is very simple and straightforward. Individuals can begin by purchasing cryptocurrencies and then depositing funds using their credit cards.
Individuals can immediately purchase up to 17 tokens on the platform after logging in or signing up for an account on the exchange.
When it comes to selling crypto assets, the use of cryptocurrency trading bots has simplified the process. Because these automated bots can execute trades in the market, the dynamic aspect of the market is no longer a concern for sellers.
Wunderbit allows users to trade a variety of crypto assets (through about 17 fiat tokens). Among these assets are LiteCoin, Binance Coin, Stellar, Ripple, and others.
The platform also supports two of the most popular altcoins on the cryptocurrency market (ETH and BTC). Wunderbit currently supports an impressive number of registered exchanges for trading, with more exchanges expected to be added soon.
How Much Does Wunderbit Cost?
With Wunderbit Trading’s free account, you can experiment with manual trading, trading bots, and copy-trading. Its paid plans are reasonably priced and enable users to have more open positions, active bots, and access to a variety of more advanced features.
The Basic plan costs $9.95 per month, the Pro plan costs $24.95, and the Premium plan costs $44.95. Subscriptions of three months, six months, twelve months, and twenty-four months are available at substantial discounts. Let’s take a look at what you get for your money.
Free
Price: $0 per month
Features:
- 5 open positions
- 2 active bots
- 1 API per exchange
- Trading Terminal (Spot Trading, Futures Trading)
- Spot Trading
- Futures Trading
- Simultaneous Take Profit and Stop Loss
Basic
Price: $9.95 per month
Features:
- 15 open positions
- 5 active bots
- 2 API per exchange
- Trading Terminal (Spot Trading, Futures Trading)
- Spot Trading
- Futures Trading
- Simultaneous Take Profit and Stop Loss
- Trailing stop
- Multiple take profits
- DCA trading terminal
Pro
Price: $24.95 per month
Features:
- 100 open positions
- 15 active bots
- 5 API per exchange
- Trading Terminal (Spot Trading, Futures Trading)
- Spot Trading
- Futures Trading
- Simultaneous Take Profit and Stop Loss
- Trailing stop
- Multiple take profits
- DCA trading terminal
- Fixed amount
- Spread trading terminal
- Swing trade
Premium
Price: $44.95 per month
Features:
- Unlimited open positions
- Unlimited active bots
- Unlimited API per exchange
- Trading Terminal (Spot Trading, Futures Trading)
- Spot Trading
- Futures Trading
- Simultaneous Take Profit and Stop Loss
- Trailing stop
- Multiple take profits
- DCA trading terminal
- Fixed amount
- Spread trading terminal
- Swing trade
Despite the fact that it is a free membership tier, the platform can generate revenue and profits through transaction fees charged by Wunderbit. It also has other payment models that aren’t free but provide more scalable features.
Customer Support
Wunderbit has been able to maintain its reputation as a platform that provides prompt and excellent customer support.
Wunderbit reviews compiled from various rating sites indicate that the brand’s support team is extremely efficient and helpful in resolving customer issues.
Is Wunderbit Regulated?
Wunderbit is subject to local laws and regulations because its headquarters are in Estonia. Wunderbit adheres to the corresponding guidelines based on geographic regions in order to comply with the respective regulations of the nations in which it operates.
Perhaps as a result of these regulations, the verification process is held in high regard and strictly enforced.
Wunderbit has also used a variety of regulatory methods and protocols to help prevent money laundering and other illegal activity on the platform. Because the sources can be tracked, this increases the credibility of the altcoin for users.
Is Wunderbit Safe?
Wunderbit is a relatively secure platform that employs a variety of security measures. 2FA is one of these measures (two-factor authentication).
Furthermore, because the platform does not store funds, it is more secure. Users’ funds are kept in exchanges or wallets of their choice.
Wunderbit has positioned itself as one of the safest cryptocurrency and social trading platforms. Because the platform does not store the funds, it is preferable to consider the security of the wallets and exchanges in question.
The platform does provide a 2FA authentication method, which adds an extra layer of security. Any Wunderbit trading review will usually praise the platform’s security.
Why Should You Try Wunderbit?
The cryptocurrency market is one of the most volatile and dynamic, fluctuating significantly and operating around the clock. This can be a problem for people who don’t want to lose any opportunities or the value of their crypto assets.
Wunderbit prevents this by allowing automated trading bots to monitor the market and execute trades as specified by users.
The platform claims that its top-tier security and fast verification are the main reasons why you should choose WunderBit. These are both extremely beneficial features for a trading platform.
The fact that the platform does not store any user assets is also very beneficial, as it qualifies the platform as “non-custodial.”
Overview of Wunderbit
- Wunderbit is a cryptocurrency exchange platform that is easy to use for both novice and experienced traders.
- Individuals can purchase cryptocurrency using their debit cards through Wunderbit.
- Wunderbit provides advanced features such as an automated trading bot (multiple bots can be deployed) that can execute a trade without the account user’s involvement.
- The cryptocurrency exchange has a thorough verification process that may serve as a safety mechanism, as well as other security measures such as source-tracking and other anti-money-laundering methods.
- Wunderbit accepts a variety of crypto-assets, including Ethereum, in addition to Bitcoin.
- Transaction fees are low and highly competitive, and membership begins with a free account that is not limited like some other platforms and exchanges.
Quick Links:
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- CryptoBlockCon- The Best Blockchain Event to Promote Blockchain Technology
- Blockchain Life: What Makes It The Global Event Of Crypto Industry?
Conclusion: WunderBit Review 2023
Wunderbit is one of the most innovative and forward-thinking platforms for trading cryptocurrency and connecting with cryptocurrency exchanges. Wunderbit’s trading fees are also lower than those of the majority of competing platforms.
In addition, the platform aims to provide the best interest rates and competitive prices for various crypto assets. This platform is an excellent choice for users who are fairly familiar with the technology.
Wunderbit is a great service for anyone who wants to use automated trading bots, copy-trading, or simply purchase/sell cryptocurrency for fiat currency. It has top-notch security features, a great pricing model, and proper integration with numerous exchanges.
Wunderbit is a platform that can help the investor who wants to use every moment to maximize the return on his investment by providing tools such as a crypto trading bot.
