Review: WP SPINGER INVESTMENT CRYPTOCURRENCY EXCHANGE

Quick verdict

Great for:

• Deep liquidity
• Advanced trade types
• Margin trading and shorting Investments
• Professional account managers
• Reasonable Investment Plans 

Not so great for:

• Inexperienced investors
• frequent withdrawal fees

Product Name	Wp Spinger Investment Professional Trading Exchange
Cryptocurrencies	BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, XTZ, CNN, BOX, GOT, TKN, UTN
Deposit Methods	Cryptocurrency Wire transfer, Litcoin, BTC.
Trading Fee	20% Commission
Deposit Fees	Cryptocurrency: Fees vary
Withdrawal Fees	Express bank wire (within 4 business days): 1% Cryptocurrency: Fees vary

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

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Which payment methods are accepted?

• Cryptocurrency
• Wire transfer

Fees and limits

Platform trading fees

Trade volume in the last 30 days (USD equivalent)	Maker fees	Taker fee
$0.00 or more traded	0.100%	0.200%
$500,000.00 or more traded	0.080%	0.200%
$1,000,000.00 or more traded	0.060%	0.200%
$2,500,000.00 or more traded	0.040%	0.200%
$5,000,000.00 or more traded	0.020%	0.200%
$7,500,000.00 or more traded	0.000%	0.200%
$10,000,000.00 or more traded	0.000%	0.180%
$15,000,000.00 or more traded	0.000%	0.160%
$20,000,000.00 or more traded	0.000%	0.140%
$25,000,000.00 or more traded	0.000%	0.120%
$30,000,000.00 or more traded	0.000%	0.100%
$300,000,000.00 or more traded	0.000%	0.090%
$1,000,000,000.00 or more traded	0.000%	0.085%
$3,000,000,000.00 or more traded	0.000%	0.075%
$10,000,000,000.00 or more traded	0.000%	0.060%
$30,000,000,000.00 or more traded	0.000%	0.055%

• Maker fees apply when you place a limit order below the ticker price for buy and above the ticker price for sell
• Taker fees apply when you place any order that is executed against an existing order
• Hidden orders will always pay the taker fee

How Wp spinger financing and margin trading works

All trading involves risk. Losses can exceed deposits.

Spread bets and CFDs are leveraged products and can result in losses that exceed deposits. The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Please ensure you fully understand the risks and take care to manage your exposure.

Wp spinger margin trading is financed peer-to-peer on the platform. traders can trade with up to 3.3x leverage or offer funding to other users for a potential profit.
Margin trading funding is done through an open marketplace and with the funds a user deposits onto the exchange. Users can choose to either automatically match with open funding offers or to place bids for funding.
A user can accept a financing offer for up to 70% of the value of a cryptocurrency purchase. They are not under any obligation to use the financing, may repay the financing plus interest at any time without penalty and may replace existing financing with a more favorable offer.
Users/Investors can also provide margin funding to others without necessarily doing any trading themselves.

David deposits $30,000 into his Wp spinger account and then wants to buy as much bitcoin as possible with the maximum amount of financing possible.

 Juli is offering the best financing rates, so Jack gets financing from Juli.

• The maximum amount of bitcoin he can purchase with his $30,000 deposit is now $100,000 because 70% of the purchase is equal to $30,000, the amount David deposited. This is roughly equivalent to 3.3x leverage.

If the price of bitcoin goes up  David's in luck. He might sell the bitcoin and pocket the full profits minus the $70,000 owed to Juli plus the cost of outstanding interest.
Let's say Juli charges 2.5% per day in interest ($1,750 per day in this case) and David held the financing and bitcoin for 2 days during which the price of bitcoin rose by 20%, then he decides to sell it.
Davids's bitcoin was worth $120,000 when he sold it and he owes Juli $70,000 plus a total of $3,500 in interest.

• With financing: When everything's settled David's $30,000 deposit turned into $46,500.
• Without financing: If he had done everything the same, except without Juli's financing, his initial $30,000 deposit would only have turned into $36,000.

If the price of bitcoin goes down
If the price of bitcoin falls too much while David is borrowing money from Juli, he might be liquidated.
Specifically, if David's share (the $30,000 that he deposited) falls to 15% or less of the total financed bitcoin purchase, the bitcoin will automatically be sold on Coinage24 to ensure Juli gets her money back.
Let's say he gets the same 2.5% per day loan and buys the same amount of bitcoin as before, except this time bitcoin prices fall.
In line with Coinage24's 15% rule, bitcoin prices would only need to fall by 12.5% before David gets liquidated.
This is because a 12.5% drop would mean David's $100,000 bitcoin purchase is now worth $88,500 but Jack still owes Juli $70,000 in principal and $3,500 in interest.
$88,500 minus $73,500 is $15,000 so David's remaining share of the deal is 15% of the total. Now that prices have hit this point the entire bundle of bitcoin is sold off, Juli is paid back in full and Jack is left with only $15,000

• With financing: Davids's $30,000 deposit was cut in half to $15,000 even though bitcoin only fell 12.5%.
• Without financing: David's $30,000 of bitcoin would still be worth $26,250.

Spinger's financing system can magnify both the risks and rewards for people who trade on margin the way David did, as well as serve as a comparatively safer source of revenue for people like Juli who provide the financing.
As David's experience with falling bitcoin prices illustrates, margin trading can be much higher risk for users.
And as Juli's experience with David illustrates, providing financing to other Wp spinger investment users can be relatively safe compared to using it.

How fast will my funds be available?

Deposits

Varies widely between channels deposits are made.

Cryptocurrency deposits will typically arrive after the appropriate number of confirmations, which varies depending on the cryptocurrency and may change over time. It will typically be a few minutes.
Fiat deposits may take up to about two weeks from start to finish, including account reviews and processing. To get started you will need to send an expression of interest in making a fiat deposit and Wp spinger will commence an account review before sending you the details.

Withdrawals

Up to 4 days  for Wire transfers depending on the Country

Cryptocurrency withdrawals will typically arrive within 3/12 hours.
Fiat withdrawals may take up to 10 business days for regular wire withdrawals. Express wire withdrawals (1% fee) should arrive within 24 hours or 4 business days depending on the country.

Wallet transfers

May vary

To move funds faster, ensure you take steps such as applying 2-factor authentication (2FA) and meeting other security requirements.

Wp spinger Investment contract types

wp spinger offers the following order types:

How do i create an account at Wp spinger?

• Prior to signing up, take note of the conditions Wp spinger lays out. Note that it's a professional platform intended for use by experienced Investors, that a $1000 - US$5,000 deposit minimum is required to start trading and that verification is not an extensive process.

• You're ready to start using Wp spinger.

Go to wp spinger website

Is Wp spinger safe to use?

• Regulation. wp spinger is registered in the British Virgin Islands with headquarters in Germany and it has previously taken steps to ensure it complies with applicable regulations to the necessary extent. For example, Mexican-based customers are barred from the exchange for regulatory reasons.
• Verification process. Wire currency deposits and withdrawals are for verified users only.  wp spinger describes it as a "standardized compliance measure" consisting of an online questionnaire, supporting documentation such as passport and driver's license and a signed declaration confirming the accuracy of the submitted information.
• Security features. Wp spinger supports 2FA and strongly recommends everyone use it. Users can take further control of their security with features such as IP whitelists and a range of customizable security and self-account-audit measures. Approximately 99.5% of user funds are maintained in an offline multi-signature hardware wallet with 7 separate physical keys, known as hardware security modules, at least 4 of which are required to unlock it. It maintains an extensive security team, employs comprehensive DDoS protection and performs regular penetration testing.
• Other: The Blockchain Transparency Institute assessment of wp spinger believes it to be 100% real trading volume, without any of the wash trading that's common elsewhere in cryptocurrency.

In a nutshell

Pros

• Advanced trading: A high degree of customization and advanced trading options can be found at Wp spinger.
• Deep liquidity: Wp spinger has some of the world's most liquid cryptocurrency markets.
• Additional features: Margin trading, shorting and the peer-to-peer financing markets make Wp spinger a unique option for experienced traders.
• Professional account managers:   Wp spinger has the best Professional account managers each manager you get assigned to will guide you and manage your account perfectly and ensures profits 99% of the time.
• Reasonable Investment Plans: Wp spinger has one of the best Investment plans starting from $1000 and a maximum of $200,000.

Cons

• Slow and potentially expensive: Verification can take days, as can deposits. Large or overly frequent wire withdrawals can also incur fees.
• Controversial: Wp spinger is an opaque and controversial exchange with an extensive but not entirely spotless track record.

Frequently asked questions

• Wp spinger supports users from all countries, with a handful of exceptions, most notably the some parts of south America.

• Yes. The Wp spinger app can be downloaded on Android and iPhone via the app store each app is specially constructed for each individual Investor.

• Wp spinger conducts a thorough verification process, as is typical of more-compliant cryptocurrency exchanges.This includes getting some personal information and identification from you.

• Wp spinger offers an online help center and has active customer support on a range of social media channels.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.

You can make either a cryptocurrency or a Wire deposit. If depositing via wire transfer , you will have to register an expression of interest in the deposit first, including the amount and the currency you would like to deposit. Only then will Coinage24 provide the relevant banking details. It may take up to a weeks to complete a wire deposit from start to finish. Cryptocurrency deposits will typically be much faster. Once you've made a deposit it might be a good idea to take a tour of the platform to acquaint yourself with its features, to customize it to your liking and generally familiarize yourself with Coinage24.