If you are new to the online trade business, then you will have to overcome certain issues before you can smoothly onboard the trading waves. If you are someone who is looking for ways to earn additional income or have extra time on your hands, getting into the online trade business is one of the best choices for you.
When you start looking into this field, the first thing that will overwhelm you is the large number of online Exchangeage firms that are available online. You need to spend time deciding which Exchange will suit you the best. To save you some time, I have decided to share my experience with a promising Exchangeage firm that I came across once. This Exchange is called Wynn-EX and it is a Exchange firm that originated from Estonia. Now, I will not make misleading statements praising the Exchange. I will give you my honest opinion about the services this Exchange provides and their quality.
Contents
Best Features of Wynn-EX
· Cryptocurrency and Fiat
This Exchange only focuses on trade markets for cryptocurrencies and fiat. Since the emergence of Bitcoin in 2009, many other cryptocurrencies have been developed and mined. Now, people have access to more cryptocurrencies which they want to use for trades. You can use a variety of cryptocurrencies to trade with as this Exchange supports many of them. In addition, this Exchange also allows you to trade most fiat such as EUR, UDF, JPY, GBP, etc. The Exchange allows you to exchange fiat in a number of pairs. So, you are not limited to a few sets of currencies to trade with.
This Exchange accepts a majority of fiat and cryptocurrencies, so you can use the fit to purchase cryptos or use cryptocurrencies to purchase fiats. The Exchange highlights the volatility of the market and is not responsible for any losses that you may face due to fluctuations in the trade costs.
· CFD Trading
CFD (Contract for Difference) is one of the best services a Exchange can offer you. With CFDs, you can participate in a trade or make an investment without using your money. How is this possible? Well, with CFDs, instead of purchasing the asset, you sign a contract with the Exchange for an asset. When the contract expires, you either collect the profits that your invested asset made or recover from the complied losses if its market value had decreased.
Wynn-EX allows you to use CFDs for trading with fiat and cryptocurrencies. This means that you can be involved in the trade of more than one cryptocurrency or fiat if you want. It will also help diversify your portfolio faster.
· Account Types
If you have been researching Exchanges, then the concept of multiple account types might not be familiar to you. Exchanges offer you a variety of account types to choose from. These accounts are designed while taking into account the different backgrounds that the traders may have and also their financial situations. You will also notice a trend of increase in services the Exchange offers as you sign up with the upgraded account levels.
This Exchange offers you 7 account options to choose from. These include the basic account, standard account, silver account, gold account, platinum account, expert account, and the VIP account. The lowest initial deposit rate is $200 for the basic account. While the VIP account is the highest level of accounts, its minimum deposit rate is not mentioned on the website. This information is confidential for people who sign up with the VIP accounts.
· Payment Methods
As a trader, you are involved with constant banking processes such as depositing and withdrawing funds. So, if the payment methods are difficult, complicated, or long, then you may find it to be quite frustrating. Wynn-EX offers simple and straightforward payment methods to you by constantly improving its website and trading platforms.
The Exchange supports a majority of the common payment options such as debits/credit cards, VISA, MasterCard, and bank wire transfers. One thing that you should know about this Exchange is that it charges a set fee of 4.7% on any crypto or fiat deposits and withdrawals. Furthermore, you also have to pay a fee of $50 if the trade that you invested in does not proceed successfully.
· Security
You should always check the security services of the Exchange that you sign up with. A secure trading environment builds trust between you and the Exchange. You provide a lot of confidential and sensitive information to the Exchange after signing up with it. Furthermore, you store all your funds and deposits on the accounts that you create on the Exchange’s trading platform. So, you need to be able to trust the Exchange completely to trade with a peaceful mind.
Wynn-EX offers you the best security system possible to protect your information and privacy. The Exchange uses the most advanced encryption software that instantly encrypts any information you provide the Exchange. The SSL (Secure Sockets Layer) certificate ensures that the Exchange, your account, and any provided information is safe from hackers. The Exchange is monitored closely 24/7 to prevent any form of information leakages.
Conclusion
Wynn-EX is an Exchange that offers a variety of services to its users. My overall experience with this Exchange was very satisfying although I did not like the fee deduction feature on deposits and withdrawals. I have shared my honest and unbiased review of this Exchange with you. I think that this Exchange is a good choice for new traders as it focuses only on cryptocurrencies and fiat. This will keep the new Exchanges from getting distracted by the other trade instruments.
I have shared my mind about the features and services that Wynn-EX provides. Since every trader is different and has a different background, you may not share the same sentiments as me. However, I am sure that you cannot deny that this Exchange is a good option to sign up with. Visit the Exchange’s website yourself to try out its features before making your decision.
