More than a decade ago, people couldn’t even have imagined the concept of digital currencies. Fiat currencies were dominating and there hadn’t been any whiff of virtual currencies back then. Therefore, the financial markets underwent major change in January, 2009, when a man named Satoshi Nakamoto introduced Bitcoin, the world’s first cryptocurrency. It didn’t get a big reception and there was a lot of skepticism surrounding its effectiveness and use because of its decentralized and unregulated nature. As a matter of fact, a lot of people thought that it would eventually die, but things have worked out differently.
Bitcoin and the cryptocurrency market, in general, saw its popularity increase in 2017 and they haven’t slowed down since then. Today, the crypto space is a billion-dollar market, which has expanded over the years to include more than 7,000 cryptocurrencies and more are being added on a regular basis. These digital currencies have completely transformed the financial landscape and people who had initially believed they wouldn’t last have changed their opinions. In fact, even governments that had previously banned cryptocurrencies are now changing their stance because even they have come to recognize that they are a force to be reckoned with.
They are now being considered the future of finance and there have been many people who have made fortunes by buying and selling cryptocurrencies in the last decade. Hence, it is understandable that this market has drawn a lot of attention and interest and thousands of people all over the world are eager to invest their money in cryptocurrencies in order to enjoy the rewards. Are you interested in doing the same? The question is how to go about buying and selling the crypto of your choice. There are a ton of options available in the market, but how will you buy or sell them?
To help people in doing so, the concept of cryptocurrency exchanges was introduced. To put it simply, these are platforms that are used by people for buying and selling cryptocurrencies. They facilitate anyone who wants to invest in these digital currencies and the number of exchanges that can be found nowadays has increased significantly. As there is a huge demand for cryptocurrencies, more and more exchanges have been established in the market. When you start looking for one, you will easily be overwhelmed by the options that exist. Nonetheless, it is important to bear in mind that not all the exchanges are the same.
Just like other industries, there are some good and reliable crypto exchanges and some shady and untrustworthy options as well. Even if they are legitimate, it doesn’t mean that the exchange will be able to provide you the quality of services you are seeking. Subsequently, it is your job to research into an exchange and then choose an option that seems the right fit for you. How can you do that? This is where you will come across the option of Wynn-EX. This is a crypto exchange that was established rather recently, but has developed a positive reputation in a very short span of time.
The crypto exchange is based in Estonia and upon a quick glance, it appears to be a solid option for people who want to buy and sell cryptocurrencies. Regardless, you still need to know everything about it before you proceed to use their services. What are some of the things you should know? Let’s take a look:
|Trading Accounts||One account|
|Assets Coverage||Cryptocurrencies; Bitcoin, Ethereum and More|
|Trading Tools||Trading Indicators, Trends, Live Charts, Technical Analysis Tools and Price Alerts|
|Education and Training||Yes; , Glossary, e-books, online video courses, webinars, tutorials and expert sessions|
|Customer Support||24/5 through email and phone number|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||Xrg3olb OU|
Fiat and Cryptocurrency Services
The first thing that you will discover about Wynn-EX is the fact that it only deals with fiat and cryptocurrencies. This is undoubtedly a big advantage because it means that it is solely focused on these two areas and will not try to confuse you with any other service. This can be quite appealing to people because it allows them to stay committed to their desire to invest in the fiat and cryptocurrency market. They will not have to deal with any other multiple market features that can be distracting and confusing and you will also have room to diversify and explore the crypto market.
Wynn-EX has put together a range of cryptocurrencies to offer to its clients, which is a major benefit that this exchange has to offer. If you take a look at some of the other options in the market, you will come to know that they only provide you with limited options, but this is not a problem you have to deal with at this exchange. Wynn-EX provides support for most cryptocurrencies and you can purchase Bitcoin, Ethereum, Litecoin and many other options through this platform.
This is not where the perks stop because Wynn-EX has also added support for a range of fiat currencies as well. You can use a variety of currencies, such as EUR, USD, GBP, CAD, NZD, JPY and more and there are various tradeable fiat pairs that can be found on the platform. The exchange gives you the option of buying Bitcoin through fiat currencies or buying fiat currencies via cryptocurrencies, depending on your preference. This kind of flexibility is not something that can easily be found on other exchanges, which has contributed to the popularity this one is enjoying in the market.
You have ascertained that you can buy and sell cryptocurrencies and fiat currencies on Wynn-EX, but the question is how will you pay for them? In order to be able to make a purchase, you will have to spend some money and if you are selling something, you will have to receive money. The question is how can you deposit and withdraw your funds via an exchange? This is where these exchanges provide their clients with banking solutions that can make buying and selling easy for everyone. In order to start using an exchange’s services, you first need to take a look at the banking solutions provided to you.
This is not something you should take lightly because if adding and withdrawing funds is too complicated, it can make it difficult for people to be able to buy and sell the cryptocurrency of their choice. Wynn-EX is well-aware that people are interested in quick and safe banking solutions and this is exactly what they have tried to offer to their clientele. They have given their clients the option of using debit and credit cards, including Visa and MasterCard, for purchasing and selling cryptocurrencies. These are a quick and hassle-free option that can be used for payments and are quite secure as well.
There is another option that Wynn-EX has added to its platform and that’s of bank wire transfer services. This is an old payment method that still remains popular and can also be used to make your payments easily. You don’t have to worry about the safety of payment either because they have kept the process secure and compliant for your peace of mind. Moreover, they are also quite upfront and clear about the cost associated with making your payments, so you will not be surprised with any hefty charges later on. You will know exactly how much fees you will have to pay from the get go.
Registration and Sign Up
One of the most daunting steps associated with the use of any service is registration and sign up. If you have done any research into this process, then you have probably come across numerous complaints by people about the endless steps you have to complete, the forms to be filled and other requirements that you have to meet. Suffice it to say, these can be immensely frustrating for people to deal with, especially when they don’t feel like waiting to buy and sell crypto. Keeping this in mind, Wynn-EX has kept their registration and sign up process very simple and easy to follow.
There are no complex steps involved and the procedure doesn’t take days either. It takes only a few minutes for you to complete your registration with Wynn-EX. You can initiate the process by simply visiting the crypto exchange’s website, where you will easily find the Sign Up option provided. As soon as you click on it, you will be presented with a form that has to be completed. You don’t have to worry about sharing any excessively personal information here because the form doesn’t ask for much.
The last step is to confirm that you are at least 18 or above, as Wynn-EX does not allow people younger than 18 to use their services for buying and selling cryptocurrencies. The registration process is now complete and you are ready to make your purchases.
Checking the security environment of the exchange you are planning to use should be your priority. These exchanges have to be trusted with your personal and sensitive information, which could fall into the wrong hands, and cause you a great deal of problems. Likewise, you have to deposit your money with them as well, which is another major risk and you don’t want your hard-earned money stolen and compromised in any way. A secure trading environment can help develop trust between the exchange and its users and Wynn-EX is perfectly aware of this fact.
Therefore, you will come to know that they haven’t been lacking in regard to security and have taken the proper steps to provide a safe environment to their users. In order to protect all the data that you trust the exchange with, Wynn-EX has opted to take advantage of advanced SSL (Secure Socket Layer) encryption on their website. All information is immediately encrypted to hackers will not be able to steal your data, even when it is in transit, thereby giving you peace of mind. Moreover, they also monitor the exchange 24/7 in order to ensure that no information is leaked and its integrity is not compromised.
These policies developed for preventing the use of the exchange for activities like terrorist financing and money laundering. In addition, they also help Wynn-EX is reducing the risk of identity theft and financial fraud, which adds another layer of security. To follow these policies, users have to provide documents for proof of identity like their ID card, driver’s license or an international passport. They may also be asked to share proof of residence, like a utility bill or bank statement.
Once you have learnt everything you should know about Wynn-EX crypto exchange, you can sign up with them and start buying and selling the crypto of your choice.