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Whaleclub Review: 5 Benefits To Know

  • 28 August 2017
  • James Njau

The Bitcoin tsunami is changing the financial industry for sure and Whaleclub strives to stay on top of the game. As an online trading platform based in Seychelles, and with its headquarters in Hong Kong, this company enables you to trade digital currency in real world marketplaces, giving you financial freedom.

For many traders with an appetite for cryptocurrency, it offers solutions that are not only workable but also well blended to provide easy access and simplicity of complex traditional financial trading.

Image result for Perry Steegen linkedin

But let’s face it; a good company is nothing without a good team. With Perry Steegen as the CEO, Peter Zivkovski as the Chief Operating Officer, and Ian Glindro as the Chief Product Officer among other resourceful industry experts, Whaleclub has developed a collective professional experience of about 5 years.

Like all other exchanges in the world, Whaleclub strives to create a seamless if not a painless experience for traders. What started off as a real time feed of trade ideas for Bitcoin trade (mainly generated from Teamspeak communities and TradeView) transformed into a sophisticated fully operational exchange thanks to Peter Zivkosvski together with Jessica Lee( Partnership director) and the entire team.

Currently, this online platform takes care of a variety of orders including Take-Profit, Limit or Stop Orders, Trailing Stop and also Market Order. Let’s check out some of its benefits.

5 Benefits of Whaleclub

  • Bonuses available

Whaleclub knows how to treat its clients and keep them happy, and there’s no better way to make this a reality than offering good bonuses. You can earn cash back deposits and bonuses on every trading activity with the company. This can be a great deal especially for beginners who want to grow their portfolio.

  • It’s easy to use

With Whaleclub you can take advantage of its simple user interface to trade and handle other complex operations with ease.  Its platform allows you to check price charts or even look through different trading ideas with zero difficulties.

  • A practice account for free

If you are just starting out with trading, even with Bitcoin or any other cryptocurrency, you have to take some time and get your feet wet. This is an investment you are making, so it goes without saying that you can’t risk losing it all just because you are not aware of how a system works.

Whaleclub knows this very well and that’s why it has dedicated risk-free demo trading that is not just unlimited but also enjoyable for beginners.

Demo – Whaleclub

It works like real trading but with a fictive balance that still lets you switch from demo to real time whenever you want.

  • Affordability

With Whaleclub, everything is designed to keep trading costs at a minimum. Want to know how? Ok, first of all, you can trade low spreads with up to 50 or more instruments. The company also ensures that executed orders and slippage are partially minimized. Secondly, you can even reduce costs further thanks to its one click order instead of tranches, which is amazing.

  • Designed for Pro-Trading

Whaleclub is designed to let you perform sub-second execution as well as high leverage operations that are common in professional trading platforms. It is able to provide traders a fast and seamless experience since it operates on cryptocurrency trading instead of fiat currencies like the dollar and the euro. It’s also worthy to note that the company is beneficial especially for traders that want an easy way of managing risk up front. It offers a way to stop losses, set profits and trailing stops that reduce your risk in the marketplace

Top 10 questions about Whaleclub

With all these benefits set up for you to take advantage of, it's pretty obvious that as a trader there will be some questions whose answers need to be addressed. We took the liberty of compiling a couple of question frequently asked about Whaleclub to help you make a well-informed decision.  

Trade Anywhere – Whaleclub

1. How do I get started with Whaleclub?

It's pretty straightforward to get started with Whaleclub. Just follow this simple step-by-step process and your account will be up and running in no time:

– First, before you deposit your digital currency, sign up with your email to enable Whaleclub to credit your account with the currency immediately.

– After you are done with that, you can now begin to trade. You can buy to get profit from any of the rising commodities or even sell to make a killing on a price that is falling.

Remember your trades have access to over 200x leverage meaning that, if you buy about 2BTC at a leverage of 15x, you get up to 30BTC returns with no sweat. Awesome, right?

2. How does it Work?

Good question. Apart from the fact that the Whaleclub platform doesn't require your personal information to get you started, you will be delighted to know that it is part of its policy to stay away from all political currencies, meaning that no banks involved.

So here is how you go about it: after a simple email verification, you can start trading either with the demo platform or immediately with the real one. It all depends on how you want it. If you want to trade live get yourself some Bitcoins to deposit into your account and off you go. Whaleclub stores its private keys in cold wallets offline so that you can get peace of mind while you trade.

The platform has been structured to prevent any security breach with funds distributed across the global network to prevent any loss. You can withdraw or deposit at any time without limits of any kind. The only limit is that the maximum bitcoin amount required to stay active is 20BTC.

3. Can I buy Dash or Bitcoin from Whaleclub?

Unfortunately, Whaleclub doesn’t sell cryptocurrency but you can deposit your own Bitcoins or Dash and use it to trade on the platform.

Source: whaleclub.co

4. Will my cryptocurrency be converted to fiat currency?

Absolutely not! All balances, withdrawals, deposits and everything else on the Whaleclub platform are kept in digital form with no conversions of any sort.

5. Whats the minimum position size?

For a new position of classic trading, the minimum margin is 0.01Bitcoins, while for turbo trading the minimum margin size is 0.01BTC.

6. What kind of trades can I make?

There is a good reason why most traders prefer Whaleclub and that is because of the short amount of time it takes to execute a full trade. For traders, this translates to zero slippage. You can execute market orders at great prices and take profit or stop an order that you specify.

Whaleclub supports a good number of trading activities including:

– Stop

– Take profit orders

– Limit

– You can swing trade, hedge or scalp

7. Where can I invest with Whaleclub?

Whaleclub allows you to invest in over 50 investment options. However, the most common include:

– Commodities

– Cryptocurrency pairs

– Bonds

– Indices

– Stocks

Please be aware that certain assets are restricted to certain hours with cryptocurrency pairs being available on a 24 hour 7 days a week basis. But even though other trades are restricted as a result of normal market hours, stock trading comes with an hour extension on Whaleclub. 

8. Is Whaleclub an open book exchange?

Well, there’s only one simple answer to this question. No, it's not!

9. What are Whaleclub’s fees?

The only cost you incur for a trade execution on Whaleclub is the spread and a withdrawal fee. Apart from that, it does not charge any other kind of fees.

10. How is Whaleclub financed?

Well, its financing comes from its own fees that are charged on a daily basis at a financing rate of 0.05% of every 24 hours of your position. Plus withdrawal fees are set at 0.001BTC and 0.1 Dash with no other costs for account activity and deposits on your side.

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