Wunderbit Trading Review

If you are new to the cryptocurrency world, then the first step is always to find the right information. To be more specific, before you decide to create an account on any platform, you need to understand how it works and what’s in for you. That said, we will discuss in-depth in this Wunderbit Trading review what this platform does and what they will help you with.

Wunderbit trading review: What is Wunderbit Trading?

In simple terms, Wunderbit trading is a platform that allows you to start trading and investing in cryptocurrency without any glitches. The user interface is intuitive; hence it’s relatively easy to interpret. Wunderbit is a company that is founded in Germany and has a lot in stock for its users.

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The most intriguing feature that Wunderbit is the automated trading bot. That allows you to create trading bots that you can integrate with other cryptocurrency exchanges. You don’t have to spend countless hours behind the screen and wait for an opportunity to arise. The trading bot will automatically detect this opportunity based on your strategy and open or close the position.

All you have to do is create a bot based on your strategy and make the right trade calls on your behalf. It’s one of the most popular ways of trading in cryptocurrency if you can’t afford to stay behind the screens all day.

Another great feature is that you can copy trade other traders who have a transparant track record. This way you don’t have to follow the markets and you can choose the best traders based on their history.

Why Choose Wunderbit Trading?

Aside from having an intuitive interface, there are several reasons why you should trade with Wunderbit. With that in mind, let’s discuss why you should choose Wunderbit Trading:

• Trading Bots: Wunderbit grants its users the chance to trade automatically using bots that’s are fully customizable. The best part is that you don’t need to be a programmer to use these bots. The platform has a step-by-step guide that you can use.
• Copy-trading: With Wunderbit, you can now follow through other successful traders and copy their trades. You can automate your bot to copy the exact time when to enter and close a trade.
• Multiple Account Management: On Wunderbit, you can create a trade that could be executed on various platforms simultaneously. The site allows seamless integration of all your cryptocurrency exchange trading accounts. You can also manage your accounts using an API.
• Crypto Futures spread trading: Change your strategy type to Spread Trading on all supported Futures exchanges.
• Compatible with the biggest exchanges: The bot works with the biggest exchanges like: Binance, KuCoin, ByBit and Kraken.

How to create an account?

Creating an account on Wunderbit is pretty straightforward. You can follow the below steps to get started:

1. Go to the Wunderbit Homepage.
2. Click the Sign Up button, which will redirect you to a new page.
3. Enter your email, then create a strong password that’s impossible to guess.
4. Afterward, you will have to verify your email address.
5. Once all that’s done, you can use your new password and email to log in to your account on Wunderbit.

After you’ve created an account on Wunderbit, you will have to follow a few steps for security reasons. For instance, you will have to complete the 2FA process to reduce any chances of hacks.

To activate the 2FA, go to the Settings section on your account, then click on Security and finally, 2FA. Follow the steps given to complete the process.

How to get started with Wunderbit?

After you’ve completed registering your account, you will have to get acquainted with the account’s homepage on this platform. Additionally, you will have to choose whether you are an investor or a trader. Take your time to understand how the website works, and if you need any additional information, they have a YouTube channel where they explain the different aspects of the site.

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You can also get free scripts if you don’t know how to work your way around the bots. The bot scripts are available on TradingView.

You will have a dashboard showing the Portfolio Value, Loss, Profit, and Traders that you Follow. And you will also see the open trades that you currently have.

What are the most important features?

In this Wunderbit Trading review we will cover the most important features of this trading bot.

Smart Crypto Trading Automation

With the smart crypto trading feature, you can create an order with trailing stops, take profit, and stop losses. Therefore, you don’t have to monitor the movement of your order constantly. That also helps you to mitigate your losses.

The best part is that with Wunderbit, the trade can be executed on different cryptocurrency exchanges simultaneously.

Zero Fees

This feature is probably the most lucrative part of Wunderbit. Several cryptocurrency trading bots charge for trading tools, for instance, TradeSanta and Cryptohopper. The subscription could sometimes bite you back, especially when you’ve been suffering losses all month long.

Thankfully, with Wunderbit, you can start your trading with zero fees and subscriptions.

Copy Trading

You don’t have to be a master trader to utilize all the aspects of Wunderbit. On the contrary, all you have to do is find the right successful trader on this site. With copy trading, you can connect with thousands of traders available and create consistent profits. Their followers can copy all the cryptocurrency trading bots and effectively use the same strategy.

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If you are a successful trader, you will receive a commission from the mirror traders.

Multiple Account Management

Wunderbit easily connects with a lot of popular trading platforms. Hence you can manage multiple exchanges in the same place. The best part is that you can either choose to manage your accounts manually or automatically, depending on your choice.

Your trade can be replicated on different platforms simultaneously. For instance, you can choose to trade with other API accounts using the same strategy. That will save you time and also energy. And you can enjoy your profits from different platforms.

In-House cryptocurrency exchange

Wunderbit offers a peer-to-peer exchange environment where you can trade your cryptos to buy other cryptocurrencies. The company is licensed to facilitate a cryptocurrency exchange; hence you can sell or buy bitcoins using Skrill, credit card, or bank transfers.

That means you have the liberty to enter and exit the crypto world without any restrictions or risks of scams.

Crypto Futures spread trading

Wunderbit introduced Crypto Futures spread trading by using their spread trading terminal. This allows you to change your strategy to spread trading. This feature is allowed on all supported Futures exchanges.

Wunderbit Trading Pricing

Wunderbit Trading was free, but they charge a monthly price now. You can choose between a subscription of 1, 3, 6, or 12 months. They overviews below show the pricing for the 1 month subscription.

There are no extra trading fees besides the monthly payments.

Is Wunderbit Trading safe?

Security is one of the vital necessities when it comes to cryptocurrency trading. That’s because trading crypto can be risky. With cryptocurrencies, you can quickly lose your entire investment in case of hacks. That said, security has been a huge factor when finding a platform that works for you.

Thankfully, Wunderbit Trading has high level of security systems. Wunderbit can only interact with your portfolio through an API that comes with withdrawal restrictions. That means the Wunderbit platform can only help you copy and execute trades while at the same time monitor any current open transactions.

But you can’t withdraw the funds. Therefore, there are zero risks to your funds when using Wunderbit Trading.

Wunderbit has a license from the Estonian government to exchange fiat to crypto and vice versa. As a licensed financial institution, you know that they have to obey strict rules of the Estonian Financial Intelligence Unit.

The trading bot trades based on your strategy, whenever you make mistakes in setting up the bot, it can result in losing money. Always check your bots thoroughly before you activate it.

Also copying other investors can be really risky, even when they have a positive track record. Crypto market can change quickly. Past results of a trader won’t guarantee future results. Never invest more crypto than you are willing to lose.

Since the launch of Wunderbit, there haven’t been any hacks records, and we hope it will maintain that way.

In Summary

Wunderbit is one of the most established bot trading platforms currently found in the market. The company communicates to its users through different channels such as Twitter, Facebook, Instagram, and LinkedIn. Through their YouTube channel, Wunderbit continues to educate its users on best using their trading bot. You can also communicate through email or the official website to the support team in case of any challenges.

The copy trading feature is an unique feature that you don’t see very often. We only saw this with eToro and PrimeXBT (covesting).

That said, Wunderbit has a responsive customer support team that will always respond quickly whenever you have an issue. In case you are still considering using a trading bot, but you want to compare Wunderbit with other bots in the market, check out our top 5 crypto bots.

Do you have experience with Wunderbit Trading and would you like to share your experience? This can be done via the review form below.

Tell us what you think of Wunderbit Trading.