Bitcoin Trading Sites
Navigation
  • Home
  • Best Bitcoin Brokers
    • Real Bitcoin Brokers
    • Bitcoin CFD Brokers
  • Broker Features
    • Advanced Orders
    • Altcoin Brokers
    • Anonymous Trading
    • beginner-friendly
    • Demo Mode
    • Futures Trading
    • Iceberg Order
    • Mobile Trading App
    • Margin Trading
    • No Fees
    • US Citizens Accepted
    • Unlimited Withdrawals
    • Credit Card Deposit
    • Bank Transfer Desposit
    • Bitcoin Forex Brokers
    • Bitcoin Stock Brokers
  • Broker Reviews
    • Avatrade.com
    • Binance.com
    • Bittrex.com
    • Bitfinex.com
    • BitMex.com
    • Cex.io
    • Coinbase.com
    • Cryptopia.co.nz
    • Deribit.com
    • Etoro.com
    • FXopen.com
    • GDAX.com
    • Hitbtc.com
    • Kraken.com
    • magnr.com
    • OkCoin.com
    • Poloniex.com
    • Simplefx.com
    • Whaleclub.co
  • Comparisons
    • Bittrex versus Poloniex
    • BitMEX versus Bitfinex
    • BitMEX versus Cex.io
    • Bitfinex versus Cex.io
    • CEX.io versus GDAX
    • Cryptopia versus Bittrex
    • GDAX versus Kraken
    • Whaleclub versus BitMEX
  • Currency Pairs
    • BTC-CNY
    • BTC-EUR
    • BTC-USD
  • Trading Tools
    • Bitcoin Trading Bots
    • Cointracking.info Review
    • Coinigy.com Review
    • Tradingview.com Review
  • Tips
    • 5 Reasons Why People Lose Money in Crypto Trading
    • How to Trade Cryptocurrency For Profit
    • Which Cryptocurrency to Buy Today

Current Top Broker Deals:

Whaleclub.co Review – Pros and Cons of Trading on Whaleclub

Check out the platform
92 92
Main Features
Trading: "Real "crypto trading (actual crypto purchase)
Anonymous Accounts: yes
Cryptos: BTC, DASH, ETH, LTC, XMR
Payment Options: BTC & DASH only No fiat currency transfer
Min. Deposit: no
Max. Withdrawal: no limit
Fees: No money transfer or trading fees. Only fees on margin trades.
Leverage: 20x
Order Types: limit orders, market orders, stop orders (stop loss, take profit)
Demo Mode: yes
Security Measures: Bitcoin in cold storage
Mobile App: yes - iOS & Android
Support: e-mail support *excellent* chat room
Supported Countries: Worldwide
Pros:
  • Demo accounts for beginners
  • Completely anonymous trading possible
  • No ID required
  • No trading fees
  • Platform easy to use
  • Margin trading enabled
Cons:
  • Relatively high margin trading fees

whaleclub review couponVery special about this trading site is the fact, that you can trade Cryptocurrencies, Forex, Metals, Stocks and Bonds, but all based on Bitcoin deposits. Since it’s launch in early 2016, Whaleclub.co already achieved a trading volume of over $1 Billion within the first year.

The trading platform’s name confers an exclusive approach concerning the user group. But other than only “whales” the bitcoin trading site has a healthy mixture of people trading with various amounts of capital, meaning anybody is welcome to trade Bitcoin anonymously on Whaleclub.co, as there is no minimum deposit required.

Particularities of Whaleclub.co

Benefits of the Hong Kong Base

The Whaleclub company is based in Hong Kong. This means that they are independent from European or US American law situations and legal claims. Right now, in 2017, the Hong Kong government hasn’t declared any Bitcoin regulations or restrictions concerning the trade market yet. But the government keeps a critical eye on the market. So far they see Bitcoin as a kind of a virtual commodity, furthermore the Asian city seems to become more and more one of the centres for international internet-based economies.

Bitcoin trading for US citizens?

There are no prohibitions concerning certain nationalities, such as US citizens, for instance. As the platform enables anonymous singups and operates under the law of Hong Kong, anybody can participate.

Trading anonymously

A big particularity of Whaleclub.co is the possibility to trade absolutely anonymously. You can sign up with an anonymous e-mail address which you only use for the trading platform and you don’t have to fill in any actual personal data.

Verification steps and the connected permissions on Whaleclub.co:

Whaleclub.co keeps it simple as it can be. There are no verification steps at all. So you signup with an e-mail address, username and password and you can start trading with any amount you wish. As there is now option for wire transfer deposits or withdrawals in fiat currencies, there is no need for your ID.

30% Bonus

At the moment the broker platform offers a generous 30% bonus on your first deposit, no matter how high your deposit might be.

Hacks & Security

So far Whaleclub.co hasn’t been hacked yet and they claim to have an excellent security system. They say that client funds are beeing kept in cold storage, meaning an offline server which can’t be hacked. They process withdrawals manually, which is an additional security measure.

But be aware that a certain risk of hacks and Bitcoins getting stolen is concerning all Bitcoin trading sites. There is no certainty in this field that a platform will never be victim of a tricky hacker attack. Keeping that in mind, never forget to withdraw your Bitcoins to your external wallet while not actively trading.

For extra security when signing-in or for withdrawals you can use Google Authenticator.

Deposits & Withdrawals on Whaleclub.co

You can deposit and withdraw Bitcoin or Dash only. Fortunately, there is no withdrawal limit on Whaleclub.co. This makes the platform popular especially for traders who want to stay anonymous but trade with bigger amounts of Bitcoin at the same time. On other platforms you’d have to go through several verification steps till you’re allowed to withdraw certain amounts of Bitcoin.

Supported Digital Currencies – Trading Pairs

btc-usd trading option detailsOn Whaleclub.co you can trade the following cryptocurrency pairs:

  • BTC/USD
  • DASH/BTC
  • ETH/BTC
  • ETH/USD
  • LTC/USD
  • XMR/BTC

You find details about the market easily in the “new trade” window when clicking on the pair sign.

Bitcoin Margin Trading on Whaleclub.co

The bitcoin trading site offers the following conditions for trading with leverage including margin trading fees:

  • BTC/USD: Up to 20x – with a maximum position size of 40 BTC. (spread 0.4%; financing rate 8 %)
  • DASH/BTC: Up to 5x – with a maximum position size of 5 BTC. (spread 0.58%; financing rate 2 %)
  • ETH/BTC: Up to 5x – with a maximum position size of 5 BTC. (spread 0.58%; financing rate 2 %)
  • LTC/USD: Up to 5x – with a maximum position size of 10 BTC. (spread 0.94; financing rate 2 %)
  • XMR/BTC: Up to 5x – with a maximum position size of 5 BTC. (spread 1%; financing rate 2 %)

Fees

Whaleclub.ce generally has a no-fees policy. There are no fees on deposits, balances, trades or inactivity. Withdrawals cost an extra of 0.001 BTC (this is basically the amount which is charged by the Bitcoin network for transactions.)

So the only fees are for margin trading, as mentioned above.

Whaleclub.co Review – Platform Dashboard walk-through

Demo Account:The platform offers a Demo mode for beginners, so you can test all options and order types in a secure mode to make sure you understand the functionality.

The interface of Whaleclub.co is fairly simple and makes it really easy to trade.

Keep in mind that this platform is best to trade Bitcoin against USD to get more Bitcoin out of it, as you cannot cashout the USD value. You can also use the Altcoins to trade them against Bitcoin.

First of all, make a deposit and get the 30% bonus on top. When clicking on the blue deposit button in the footer bar or in the menue top right, you get to you personal Bitcoin deposit address. They don’t require a minimum deposit.

When your deposit is confirmed by the Bitcoin network and appears as fund in your account (which can take from a couple of minutes up to several hours), choose the market on the left top trop down menue:

choose cryptocurrency market

order settingsThen either click the plus sign or the blue “new trade” button, to open the little order window. Here you choose whether you sell or buy, the amount, the price level, and don’t forget to correct the amount in the leverage field left on top. 1x means no leverage.

When the order is set, you can click on the corresponding signs within the order management section, where you can add advanced additional settings to your order, such as “trailing stopp loss” or “take profit” levels.

whaleclub.co order management

whaleclub.co advanced order settings

List of order types:

  • Limit order: This is an order which is set to a certain buy or sell price. The order appears immediately within the platform orderbook.
  • Market order: Buy or sell at the current market price
  • Buy/Sell stop order: Buy or sell at certain price, but the order will only be placed in the orderbook when a certain price level got hit (stop price), which you set additionally.
  • Stop-loss order: This order protects your position from higher losses. Set an emergency sell order incase the price should drop below a cerain limit.
  • Take-profit order: Set a sell order for a certain level of profit.

Position management options / order management options

You can see and edit your positions anytime in the positions section, unless they are already getting filled. It’s quite self explaining, as more or less everything on this professional Bitcoin trading site. Below the order management section, on the very bottom of the site, you see the signs for active orders and closed orders / your orders history.

The Bitcoin Chart on Whaleclub.co

The charts they use are embedded from tradingview.com. That’s why they have all tools which are needed for professional technical analysis. Fibonacci levels and trendlines are the most used basic tools.

Whaleclub.co Mobile App

They have an excellent mobile version, which is automatically loaded when you visit the domain with your mobile phone. They declare that their app works best on versions of Android 7 Nougat and later, iOS 10 and later, as well as Windows 10 Mobile and later.

Whaleclub.co Mobile App

Whaleclub.co Mobile App

Pro’s and Con’s of Whaleclub.co

Advantages

  • Company based in Hong Kong
  • Demo accounts for beginners
  • Completely anonymous trading possible
  • No ID required
  • No trading fees
  • Platform easy to use
  • Margin trading enabled

Downsides

  • Relatively high margin trading fees

Conclusion

Whaleclub.co is a great Bitcoin trading site for traders who embrace freedom and anonymity. The platform is easy to use, for newbies as well as for experienced traders. They might have had a seedy reputation at the beginning, but they achieved to establish themselves as a serious professional trading site. We hope this Whaleclub review was helpful for you.

Compare your Top 3 Brokers:
Choose Broker 1:
Choose Broker 2:
Choose Broker 3:
Learn Trading:
Crypto Trading Tips:
Understand Crypto Trading
Tools To Analyse The Bitcoin Chart For Free
Basic Technical Analysis of Crypto Charts
Most Common Bitcoin Chart Patterns
World's No 1 Bitcoin Trading Tip
How To Use Fibonacci
Use Crypto Market Cycles For Trading
4 Crypto Trading Styles
Risk Management When Trading Bitcoin
A Simple Trading Strategy
Crypto Breakout Trading Strategy Explained
Buy The Dip!
Trading Mistakes Beginners Must Avoid
Where To Put Stop Loss Orders
News:
Bitcoin Futures - What Will Happen To Bitcoin?
Golden Bitcoin Trading Rules:
  1. Don't leave your Bitcoins long term on a trading platform
  2. Never buy when the price is on a peak
  3. Learn to understand Technical Analysis
  4. Know your exit target before you enter the trade
  5. Have an idea about the blockchain technology
  6. Follow current news about Bitcoin
  7. Don't trade emotional, control fear and greed
  8. Never put all your Bitcoins in one single trade
  9. Only trade with amounts you can afford to lose
Bitcoin Trading Lessons:
Skill Incubator
Disclaimer:
This website doesn't give any financial advice. It's a collection of information publicly shared. We assume no liability for the completeness or accuracy of the information. It's the reader's very own decision what to do with her or his capital. This website does not replace a personal financial advisor, which should always be consulted for investment or trading matters.
© 2017 | Bitcoin Trading Sites