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Whaleclub

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Overview

WhaleClub is a company based in Hong Kong, started operating live in early 2016 and was founded by an excellent CEO, Perry Steegen. The exchange platform provides service in more than 190 countries and allows customers to buy and sell cryptocurrencies from around the world. The service provides Bitcoin for the trading of cryptocurrencies, stocks, currencies, products, indices, and metals.

 

Rates

WhaleClub does not apply any charges in this process list, such as deposits, balances, executions, and inactivity. However, they have a network fee of 0.001 BTC for each withdrawal, which is usually the amount charged by the platform for each transaction confirmation. There are also several sets of leverage rates, the list of fees below are some of the important pairs of cryptocurrencies.

 

Methods for Deposit

The financing assets in WhaleClub are limited to BTC only. The "deposit link" can be accessed from the merchant's board and wallet. The financing will be credited immediately once the assets reach the chain of blocks. Please note that the trading platform does not support bank transfers or any other payment method in fiduciary currencies. However, WhaleClub supports several numbers of digital currencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), Monero (XMR).

 

Withdrawals

The withdrawal is done manually and daily at the same hour. The main reason behind manual withdrawals is because of security, all client assets are kept in a cold place, which is off the platform and out of reach of possible hackers. All transactions are processed every day, including weekends and holidays, following strict protocols. The platform does not charge any fee when making the deposit/withdrawal of funds. Also, the exchange does not enforce any limits on deposits and withdrawals.

 

Security for All Your Funds

WhaleClub keeps 100% of all its customers' assets in cold wallet, and the keys are kept in places of maximum security. The servers always run an update with the latest software with strict security policies. Two-factor authentication offered for all user accounts. In addition, all communication between Whale Club and customers is encrypted. The commercial platform never hacked. The only security problem of the network is that there are no SMS alerts. But, an email alert is available.

 

Conclusion

Whale Club is one of the rising cryptocurrency exchange platforms. The platform is very easy to use, not just for experienced traders, but also for beginners. Although with the fact that they only accept Bitcoin and DASH, it is somehow a disadvantage for people using credit cards. If looking for a way to invest with Bitcoin and Dash, Whaleclub may be the best option for you. Nonetheless, this platform is actually a delightful sight compared to other trading platforms out there nowadays.

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Pros & Cons
  • Average rates
  • Excellent variety of cryptocurrencies for deposits and withdrawals
  • Various methods or ways to secure your digital thieves account
  • Very little known
  • Poor customer service
  • Little time in the digital market
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