New crypto users have a hard time finding a user-friendly exchange. As a first-time crypto user. It is difficult to grasp some of the complex concepts in crypto. Therefore, a simple user interface with basic features is needed. Woltbit provides new users with this soft landing as it ensures that its platform is easy to navigate. In addition, it gives the best rates for purchasing Bitcoin and Ethereum on the market. User accounts are also secured with the best encryption services and protected from hacks.
If you’re reading this, you are considering opening an account on the Woltbit exchange. This review will help you decide as we have curated the pros and cons of using the account for your crypto transactions. Without wasting time, here is what you need to know about Woltbit.
Pros
Superb Customer Service
Woltbit’s dedicated customer help desk provides swift solutions to user complaints. The exchange understands that issues and inquiries will need to be resolved as people use a product. Therefore, it has set up its help desk to ensure that users have their problems solved quickly. Woltbit has a robust FAQ section that answers users’ most frequent inquiries. If you don’t find the solution to your problem there, you can contact the help desk using the available numbers and email addresses. The support email address is support@woltbit.com. and it is always available. Users in the UK can call +442081570238, while those in Poland can call +48732121114.
Multiple Payment Methods
The exchange supports multiple payment methods which allow users to deposit and withdraw money. Woltbit has provided various options to make it easier for users to use their service. Some payment methods available include bank transfers, MasterCard, Visa, MasterCard SecureCode, and Visa Secure. Each method is available to all users, who can choose the one they are most familiar with. Users can rest assured that their financial data is protected while exchanging transactions.
Secure Accounts
All accounts on the platform are secured from external hacks and breaches. Users must verify their identities before making any transactions on their accounts. This verification process allows the exchange to prevent bad actors from gaining access to the site and ensures that it stays compliant with KYC (Know Your Customer) regulations. The documents needed for the verification process include a valid ID card or passport that can verify the information you provided while opening the account. Any problems or discrepancies that occur during the verification process will be addressed by the exchange, and you will be contacted for clarification.
OTC Desk
Big-money buyers who want to purchase large amounts of BTC and ETH can use the Woltbit OTC desk. The trading desk facilitates large money purchases that will be risky to make over the counter. These purchases can move market prices, which will be unfavorable to the buyer. Woltbit, through its links with top and reliable Bitcoin miners, will provide the needed volume for buyers. This service is available to institutional and individual account holders on the platform. Contact the customer help desk for more information on the accepted threshold for large purchases.
Cons
Slow Transaction Processing
It takes 5 days from when you pay for your crypto to arrive in your brokerage account. This delay period is the time it takes for your order to be processed. This may be a huge turn-off for users who prefer to receive their crypto immediately, but this process allows users to get the best rates on the market. It is not entirely the exchange’s fault as it also takes time to process the transaction with the banks as they need details of each transaction. This process adds a bit more time than necessary and causes the delay experienced.
Conclusion
The exchange is a beginner-friendly exchange that gives new users a chance in crypto. It provides a simple interface and a swift help desk to sort any problems users face. Sign up today to begin enjoying this service.
Disclaimer: This is a sponsored marketing content.