Wunderbit Review – Social crypto trading to make serious money

In this article, we will review Wunderbit Trading, a new and automated copy trading platform. Sporting various unique features, this platform takes it upon itself to ensure a seamless experience for its users. The platform is aimed at novice traders due to its simplicity, as well as more experienced traders because of its plethora of features. Now let’s take more of an in-depth look at it.

Features

Wunderbit Trading has plenty of useful features that can enhance your trading experience independent of your trading proficiency. One of the major ones is copy trading.

Social Trading

One of the first things that set this platform apart from a lot of the others is the fact that you can register as a trader or an investor. Registering as a trader will allow you to trade and have investors commission you to manage their investments.

If you register as an investor, you’ll be able to follow one or more traders of your choice, which allows you to copy their trading strategies for a commission that will be deducted from profitable trades only.

This is especially helpful if you’re new to trading or simply don’t want to trade but still want to make money off crypto. Not every trader can gain access to an investor’s portfolio though. 

One must first prove their competence by achieving certain trading results on the market. The best performing traders are automatically selected and elevated to the top of the trader charts.

Multiple Account Management

Wunderbit Trading’s simple and intuitive trade terminal allows you to connect and manage multiple exchange account portfolios at the same time in one place.

Not only that, but you are also able to manage the portfolios of your investors through an API if you are a trader.

Trading Bots

Wunderbit Trading provides its users with the ability to create and automate their very own crypto trading bots. You don’t need to be a programmer to be able to make one, since the platform provides step by step guides and tutorials. 

Wunderbit is fully integrated with TradingView, which means you can create an alert bot with TradingView’s PineEditor, and then turn it into a fully automated trading bot with Wunderbit Trading. Users can also easily backtest their trading bot strategies before letting it handle their funds.

wunderbit trading bot

How Wunderbit Trading Works

Sign Up

Create your account on Wunderbit Trading

Connect Exchange

Link your account with one of the supported exchanges with your API keys. This will allow you to track and manage your portfolio.

Start trading or Create bots

Start by either trading or creating your own personal bot.

Exchanges

The service works with a decent amount of popular exchanges, such as Binance, Deribit, and FTX, as well as some others, with plenty more to come.

exchanges

How Wunderbit Trading Compares to Other Products?

In comparison to other crypto trading platforms Wunderbit Trading provides two crucial benefits. For crypto traders it is the simple automation of the TradingView strategies into fully customisable bots.

For investors it is an easy way to invest into cryptocurrency by copy-trading the best traders on different exchanges and profit along. And it’s all completely free.

User Experience

What stands out the most when using Wunderbit Trading is how simple, clean, and easy-to-use the UI is. Everything is easily accessible, you don’t have to go around digging in various tabs and settings menus to find what you’re looking for. Everything is in plain view and the interface isn’t cramped with unneeded info.

If you’re confused about something, the platform offers comprehensive documentation about all the features on the website. And if you can’t find what you’re looking for there, they have an active customer support messaging system. Simply enter your email address and the problem you’re facing, and the customer support team will respond as quickly as they can.

Performance and Security

Like any other trading platform, Wunderbit Trading needs an API to access your portfolio. However, the withdrawal restriction makes sure the service can’t steal or move your funds somewhere else.

All the trades you, a bot, or a trader make are visible in the dashboard. Additionally, you can buy and sell crypto with your credit card, Skrill, or bank payment transfers using Wunderbit’s licensed exchange.

For further security it is recommended to activate Two Factor Authentication by going to Settings and clicking on the Security tab.

Pricing

Registering and using the platform along with its various tools is completely free of charge for both traders and investors. If you’d like to register as an investor, however, you’ll need to share 30% of your profit every 2 weeks starting from the second month of use, as the first one is profit sharing-free.

wunderbit pricing

Wunderbit Pros and Cons

Pros

  • Simple and easy-to-use interface.
  • Funds are secure due to API restriction and 2FA.
  • “Set it and forget it” approach with Social Trading.
  • Ability to create and customize trading bots.
  • Platform is completely free

Cons

  • Platform is still in its infancy, does not have a large userbase.
  • Platform does not have a mobile app.

Conclusion

Wunderbit Trading is a platform that can prove to be incredibly useful for traders, no matter their level of experience, all the way from trading novices to experts. The ability to copy the best traders will set you apart from the rest of the crypto enthusiasts.

The diverse arsenal of features combined with top-level security and the fact that you don’t need to pay a cent for it makes it an excellent choice for just about anyone interested in crypto trading.

Frequently Asked Questions

How does the Wunderbit make money if it’s free?

The platform earns from copy-trading.

Can I be both a trader and an investor?

No, you are only allowed to register an account as either a trader or an investor.

How do I pay a commission to a trader?

After each settlement period, you will receive an automated invoice from the trader with all the needed details for the transfer.

What happens if I don’t pay the commission?

Your Wunderbit Trading account will be frozen until the settled amount is paid.

Wunderbit Alternatives

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Bitsgap, a one-stop crypto trading platform that caters for all your trading needs. It allows its users to bring all their crypto-exchange accounts under the same roof and trade from an integrated interface.

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