Crypto exchanges facilitate buying and selling cryptocurrency, but not all exchanges are built the same. Woltbit offers users many benefits, which put it ahead of other exchanges. Its simple interface and user experience make it easy to navigate. Additionally, creating an account occurs in simple steps that users can easily follow. Woltbit is useful for beginners as it does not overwhelm them with many functions or charts, making onboarding difficult.
This review will examine the pros and cons of the exchange. If you are new to crypto, Woltbit is the exchange you need to facilitate your crypto purchases. For those who aren’t new to crypto, Woltbit is a great exchange for bringing your crypto business. Let us examine the positives and negatives of using Woltbit for your crypto dealings without further ado.
Benefits of Woltbit
Responsive Customer Service
The platform has responsive customer service that gives users assistance when needed. In addition, users have multiple channels to contact the help desk. The first channel available is the email ([email protected]) which is open to all users. Also, there are hotlines that users in the UK and Poland can call for assistance. +442081570238 for users in the UK and +48732121114 for users in Poland. Alternatively, users can read the FAQ section of the site for answers to the most common inquiries made for users. Always contact the help desk if you run into any trouble while using the site.
All accounts on the platform are verified using the required verification IDs. The accepted ID documents include a valid passport or ID card. These documents help the exchange verify the information you provided when opening the account. It is mandated by law that the exchange verifies your identity before you can perform any site transactions. If there is any problem with the verification process, you will be contacted by a customer representative for clarification. Ensure you provide all the right documentation to approve your account on time.
Multiple Payment Methods
The payment methods available on the exchange ensure that users can easily deposit and withdraw funds. Woltbit chose these methods to protect users’ data while performing financial transactions. Multiple options also allow users to choose the best option for themselves. The available payment methods include Visa Secure, MasterCard, Visa, MasterCard SecureCode, and wire transfers. Each of these methods has its pros and cons. Users are advised to use only the methods they are familiar with during transactions.
The exchange has a simple interface for users to enjoy. New crypto users will find the exchange easy to use as it doesn’t have too many options or an overwhelming interface. There is also a customer help desk where they can direct any inquiries to. The website’s user interface is simple, and the limited options streamline what users can do. There is also an FAQ section users can go through to get answers to the most asked questions by users. The onboarding process is seamless, and users are not pressured to begin using the service immediately after signing up.
Drawbacks of Woltbit
Slow Transaction Processing
It takes five days for your cryptocurrency to hit your account after purchase. This delay is because of the time it takes for the exchange to settle your transactions with the bank. Banks require a full breakdown of each transaction from the exchange, which extends the time for each transaction to clear. This will dent your plans if you hope to receive your crypto within a few minutes after payment. One good thing to note is that users will get good rates for the cryptocurrency they purchase from Woltbit. Therefore it is worth the wait.
Woltbit allows users to buy BTC and ETH at great prices. It facilitates both small and large purchases while providing a secure environment for users. Additionally, it is great for both beginners and experienced crypto users. Join the platform now and start transacting today.
Cover Photo by Arthur Mazi on Unsplash
DISCLAIMER: This article is sponsored and does not substitute for professional advice or help. Any action you take upon the information presented in this article is strictly at your own risk and responsibility.