WunderBit Trading is a cryptocurrency exchange which aims to help both novice and experienced traders in the blockchain world. WunderBit Trading lets users open a free account to trade and purchase crypto assets with their credit cards.
Anyone can verify their trader (up to $300 for trader with verification) before they can use the platform. The exchange doesn’t store funds so it is safer than other platforms.
WunderBit Trading allows you to automate trading using a tool called a “trading bot”. A trading bot is basically a protocol that executes trades based on parameters it has been given at deployment.
It is unique in that it allows users to copy the specifications of the top crypto traders (the entries or exits) and sets it apart from other exchanges.
Getting started with WunderBit
The registration process for WunderBit Trading is simple and takes only a few moments. These are the steps to get you started:
- Visit the website https://trading.wunderbit.co
- Click the “Sign up” button at the top right corner.
- Set a strong password by entering your email address
- Use the verification code to verify your email address
- Use your new credentials to log in to WunderBit Trading
It is a good idea to activate Two Factor Authentication once you have created an account. This will increase account security. To activate 2FA, click on the “Settings” link at the top.
WunderBit automates trading by using TradingView bots to receive trading signals and execute complex trading orders.
TradingView uses PineScript, its own coding language. This allows traders to define predefined criteria, and then further customize them if needed.
This is WunderBit’s biggest selling point in this review.
TradingView scripts are easy to use and make WunderBit bots very simple to set up and maintain. They also offer a variety of settings that allow them to make a profit.
TradingView scripts also allow for extensive backtesting. This means that users can test their strategies against market conditions and see how they perform.
If the bot performs well, you can launch it immediately and begin earning money. If not, it is back to the drawing boards except that you didn’t lose any money during the trial-and error process.
The WunderBit platform’s smart trading terminal is a unique feature that allows users to trade different assets on one exchange.
Simply select the assets you wish to place into a spread, and the trade terminal will simultaneously purchase and sell each asset.
You can also create smart trading orders with the terminal’s flexible options.
It’s as easy as clicking a button to add or edit Take Profit, Trailing Stops and Stop Loss to any previous order that the bot has assigned.
Automated trade execution orders can be used in multiple crypto trading accounts. You can have as many as you like.
WunderBit has perfected this classic investment approach. Their DCA bot excels in volatile markets and where there has been price fluctuations.
This method lowers risk in volatile markets, as it involves multiple smaller trades instead of one large all-in order.
The bot can overcome market downturns by investing a smaller amount. DCA bot also reduces the chance of poor timing.
A timeless classic in crypto trading.
WunderBit Grid bot
Grid bot, still in the WunderBit Pot, is about to hit the markets and will help crypto traders who choose this company as their trading automation tool.
You can ensure that they sell when the price rises and that you buy when it falls.
These bots are most effective in volatile markets that have frequent and severe price fluctuations.
A sequence of orders makes a kind of grid, which gives the name to the whole approach.
Arbitrage trading is also coming soon. This strategy allows you to make use of price differences between different markets.
WunderBit’s trading robots will be capable of spotting a pair on two different exchanges, such as Ethereum, and noticing a difference in price of 7%.
The bot will buy Ethereum at a 7% discount and then sell it on an exchange that has a 7% higher price.
Profit that goes directly into your crypto wallet is the difference.
Crypto Portfolio Tracker
WunderBit also offers tools that can simplify and streamline your digital finances, and make it easier to trade crypto.
WunderBit’s cryptocurrency portfolio tracker, for example, provides one space for each balance and exchange that you have at any time.
Connect the API to exchanges to keep track of all balances, regardless of which exchange it is kept on.
Multiple Account Management
WunderBit offers a solution to make it easier to trade on different exchanges you have accounts on.
You can use their API to add multiple exchanges to your trading bot, and execute orders on each exchange.
Although you can do it manually using their trading terminal, manual crypto day trading is not recommended when you have a ready-made crypto bot.
It would also make this review of a crypto trading bot redundant, I think you will agree.
Pros and Cons
|Automated trading capabilities||Automated trading requires refinement|
|Easy platform for arbitrage tactics|
|Multiple accounts can be managed from the same source|
How much WunderBit Trading costs
WunderBit’s robust and comprehensive services will make it clear that you need to be willing to spend. The platform offers a range of subscription options, from free to premium, that can scale up to meet your specific needs. Here is the pricing range.
- Free: $0
- Basic: $9.95 per month
- Pro: $24.95 per month
- Premium: $44.95 per month
The best part is that the free version of trading apps is not reduced to a basic level. WunderBit’s best feature, the ability to use two active bots even though you don’t have to pay anything, is one example. You can upgrade to one of the many paid subscription services if you need more automation in your portfolio.
WunderBit is a leader in connected exchanges and has a number of top crypto exchanges to their credit, including Bitmex (FTX), KuCoin, Huobi and OKEX).
This flexibility is very welcome and goes hand in hand to their cross-exchange capabilities.
It is worth noting WunderBit also has its own exchange and has a connection to the others.
It is an excellent solution that can be used alone, with a large number of supported digital assets and cryptocurrencies as well as a 1% commission on all transactions.
You are not bound to any exchange, and you can participate in any other exchange you choose without restriction or penalty.
WunderBit Trading, a new multi-exchange service, allows users to trade crypto directly via the Trading Terminal or copy the top traders and automated bots on the most widely used crypto trading platforms around the world.
It is great to be able to search hundreds of automated bots and see trader’s performance on the market. The platform offers a variety of features that investors and traders of different experience levels looking to maximize their crypto portfolio’s profits can use. WunderBit Trading has a solid design, simple-to-use platform that serious crypto traders can use.