Bitcoin is being now used for various types of trading as Cex.io, including the foreign exchange trading. Whaleclub claims to be world’s first trading platform that’s fully powered by Bitcoin. In this review, we will try to find out more about the company, its operations, platform’s ease of use, trading fees, security, and a final verdict by our team to inform you whether it’s safe to trade on Whaleclub or not.
Whaleclub Company Information
It’s a CFB broker company that’s owned as well as operated by SAS Global Trading Limited and based in Hong Kong. Whaleclub started its operations in the year 2014 and presently serves around 15,000 customers on a daily basis. Perry Steegen, a renowned banker and full-time technology enthusiast, established the company. Presently Whaleclub offers its service in 190 countries across the world and facilitates buying and selling of cryptocurrencies.
ID verification for trading
The biggest attraction of Whaleclub is that it’s not mandatory to get your ID verified before trading on Whaleclub. Well, that qualifies the trading platform to be listed among those rare companies that don’t require any kind of verification for Bitcoin trading. The company follows a strict “No Fiat” policy, so they don’t accept traditional currencies for trading.
Whaleclub does not charge any fees on trading, deposits, and even withdrawals. In addition to that the company also doesn’t put any limits on transaction on withdrawals or deposits. All the transactions are processed during the holidays and weekends. Another stunning feature offered by Whaleclub that all the transactions carried out manually. Strict protocols followed for manual processing of withdrawals. This makes every transaction extremely secure. The customer’s funds are stored in a separate cold storage to keep them protected from hackers.
Cryptocurrencies supported by Whaleclub
Dash (DASH, Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Monero (XMR)
Ease of Use
Whaleclub certainly has a great user interface where everything has been simplified to an extent that even a first-time trader can trade with ease. Detailed explanation of everything is available on the platform. So traders can refer to the help whenever they need clarifications. The web interface is intuitive and fast where everything simply works in perfect motion. However, if you love trading on mobile devices then there’s bad news – Whaleclub doesn’t have iOS or Android apps. You can easily get an API for ease of trade when multiple traders want to use the platform.
Users can contact the customer support by only using the support tickets as no telephonic or email support is available. However, the response from Whaleclub team is quick. Also you can expect quality solutions without wasting too much of time.
- Users can start trading without ID verification
- Traders don’t have to pay any trading fees
- Great web interface
- Amazing customer support
- Can trade only using Bitcoin
- Leverage interest fees are too high
Whaleclub Affiliate Program
Whaleclub offers a very attractive affiliate program wherein you can earn in Bitcoin by referring traders to the platform. You get the opportunity to earn 50% lifetime commission every time a customer referred by you signs up with the company. Users can start instant promotion by using the customized affiliate link on your website, blog, and social media accounts. You can also track all the affiliate payment through a dedicated dashboard and can withdraw your money at any point in time.
Whaleclub an amazing trading platform and you can safely transact business without worrying about losing your money. Highly recommended!
Whaleclub Affiliate Review
A great place to trade if your focused solely on Bitcoin itself. The fact that you do not have to go through the tedious verification process makes this one of those rare gems.