In January, 2009, Bitcoin, the world’s first cryptocurrency came into existence. It brought about the concept of digital currencies, which hadn’t existed before then. But, it was a new phenomenon and not much was known or understood about them back then. As a matter of fact, there was a great deal of skepticism associated with cryptocurrencies because these were not regulated by any authority, which immediately created doubt about their viability and reliability. A lot of people didn’t think they would last for long. However, the market continued to develop quietly and it really shot to its peak in 2017.
That’s when cryptocurrencies became a global phenomenon and have continued to expand since then. More than 7,000 cryptocurrencies have been introduced in the market in the last decade and hundreds of people all over the globe have invested in these virtual currencies to make fortunes. In 2020 alone, the market saw massive investment and people were able to make a high return on their investments. Such success stories have undoubtedly attracted the attention of other people as well due to which there is an influx of investors and traders in the crypto space. Nowadays, you can do everything online and this also includes buying and selling cryptocurrencies.
You don’t have to go anywhere when you wish to purchase any cryptocurrency. Whether you want to buy Bitcoin or any other crypto, you can do it from the comfort of your home. How? All you need is a crypto exchange to get started. As the name indicates, these are specialist platforms that have been developed for the purpose of helping people buy and sell cryptocurrency. Considering the interest and demand of cryptocurrencies, there are hundreds of crypto exchanges that can be found these days. Their numbers have been gradually increasing in the last few years in order to accommodate the influx of people in this market.
If you have decided to buy and sell cryptocurrencies, you will also need to start looking for a crypto exchange. Finding options is not that difficult because you just need to do a simple Google search and there will be a list of choices at your disposal. However, you have to sort through the ones that will be presented to you and this can be a bit challenging. How do you figure out which exchange is the right one? This is easier said than done because every exchange will advertise itself as a reliable option.
You obviously cannot just take them at their word, so it is up to you to ask some important questions to learn everything possible about an exchange. This also applies to Wynn-EX, a cryptocurrency exchange based in Estonia. It is a relatively new exchange and before you decide to use its services, it is a good idea to know what to expect when you decide to use their services. Some of the necessary questions that you should ask about it are:
|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|
What services does Wynn-EX offer?
As mentioned above, Wynn-EX is a cryptocurrency exchange, which means it is obviously developed for facilitating the buying and selling of cryptocurrencies via its platform. But, this is not all the information you need to know. You also need to figure out what cryptocurrencies can be bought and sold and if any other services are provided. In this regard, you will be pleased to know that you will be able to enjoy quite a variety here. Not only will you be able to invest in some of the leading cryptocurrencies in the market, such as Bitcoin, Ethereum and Litecoin, but you will also be able to trade in fiat currencies as well.
One important thing that you will discover about Wynn-EX is that they have added support for a wide array of fiat currencies as well, such as EUR, USD, GBP, AUD, CAD, JPY and NZD. This is quite convenient for you because it allows you to use your local currencies for making your purchase and not have to deal with any conversion charges. Moreover, a wide range of fiat currency pairs are also supported, so you have the freedom of using crypto to buy fiat or do it vice versa, as per your convenience. You will not come across many exchanges that give you this option, which makes this a good option to explore.
How do you register with Wynn-EX?
Registering with an exchange is an essential step that you have to complete in order to use its platform for buying and selling cryptocurrencies. But, there is no set standard that exchanges have to follow when it comes to registration. Each exchange comes up with their own process and this can be a bit daunting because you don’t know what to expect when you decide to register with an exchange. It is best to know the requirements beforehand, so you can fulfill them easily and without any delay. With Wynn-EX, you will be able to register without any hassle or fuss.
The exchange have kept their registration process simple and easy for everyone, thereby ensuring that anyone can open an account with them and do it as quickly as possible. There are no lengthy or complex requirements, such as signing a contract, waiting for an approval process, or filling multiple forms. In order to register with Wynn-EX, you have to complete only one form that opens up when you click on the Sign Up button on their website. The form is a very basic one and doesn’t involve a lot of effort on your part because there are no such details that you have to provide.
When you agree, your registration process will be complete and you will be able to use Wynn-EX services straight away.
What are the payment methods offered by Wynn-EX?
How will you buy and sell cryptocurrencies? You will have to pay and receive money, which means you need to take a look into the payment methods supported by Wynn-EX. Every exchange offers different payment solutions and it is best to take a look at the ones provided to you in order to ensure they are easy for you to use. There are a range of payment options that have been added by the exchange to accommodate its clients and you can go over them to find the one that works.
You can choose to make bank wire transfers for both deposits and withdrawals. If you don’t want to explore that option, you can try debit and credit cards, including both Visa and MasterCard. One of the best things about Wynn-EX is that they have mentioned their commission for payments upfront, so you will know exactly what costs you will incur when you are depositing and withdrawing money. This is certainly an advantage because it saves you from having to deal with any unexpected costs.
The crypto exchange has also kept the payment process secure and compliant, so you don’t have to worry about your details being compromised. The minimum deposit that you are required to make on the exchange is $200, which is quite affordable for everyone.
How secure is Wynn-EX?
One of the biggest concerns that people have when they are thinking about entering the crypto space is security. Cryptocurrencies themselves are unregulated in nature, which adds a layer of risk and the industry has been a major target of cybercriminals, so you have to be very cautious when you are investing in this space. Therefore, people are very nervous when they have to invest their money in this market and they want to enjoy as much security as possible. Wynn-EX is aware of the security risks that exist over the internet and the crypto space and have taken steps to mitigate them as much as possible.
First off, they take steps to protect all sensitive and confidential information that’s collected from their clients. They encrypt all data to ensure it doesn’t end up in the wrong hands. They have also obtained an SSL (Secure Socket Layer) certificate for the website, which is designed to keep all information secure. It creates a tunnel between the website and the client’s device, thereby ensuring no one is able to get access to the data and cause any problems. They have also implemented the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies on their website, as part of the security process.
These policies are followed by all international platforms because they are aimed at reducing the chances of money laundering, terrorist financing, financial fraud and identity theft. Wynn-EX requires its clients to provide proof of identity and residence to comply with these policies. For proof of identity, people can provide an international passport, a driver’s license or a national ID card. As far as residence is concerned, a utility bill, such as water, gas or electricity, or a credit card bill, should suffice. As long as you provide these documents, your account will be verified and you will be able to buy and sell cryptocurrencies easily.
What process does Wynn-EX follow?
When it comes to the process of buying and selling cryptocurrencies, you will be pleased to know that Wynn-EX has kept the process very simple. After you have made an account on the exchange, added the funds, making your purchase is very simple. It doesn’t take you more than a couple of minutes. You can easily find the prices mentioned on the website. You just need to enter the amount you wish to buy and it will tell you how much you have to pay. This makes it easier to make your purchases or learn how much you can expect if you decide to sell.
Does Wynn-EX offer any customer support?
One of the most important aspects of any online business is their customer service and it is even more vital in the case of a crypto exchange. If you are investing in crypto for the first time, there is a chance that you will have questions and concerns about how the process works and you may even encounter some problems. No matter what the case, you want to be able to get assistance right when you need it and this can only happen if the crypto exchange provides it to you. You will come to know that not every exchange takes support seriously and this can have a negative impact on your overall experience.
The good news is that Wynn-EX doesn’t fall in this category. They have opted to be very professional and have added strong support options for their clients. You can get in touch with their support team through their website. All you have to do is visit the Contact Us section and fill out the form that’s provided. This will send an email to the exchange’s customer support staff and they will respond to you as quickly as possible.
Once you have found the answers to these questions, you can determine that Wynn-EX is a solid and dependable crypto exchange for investing in these digital currencies.