No Regulation

Score

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/10

WallStreet

Singapore

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://www.wallcoin.cc/#/

Website

Rating Index
Contact
WallStreet
WallStreetbit@gmail.com
https://www.wallcoin.cc/#/
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-07-18

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

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Keywords

Time Machine

White Paper

Related Software

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New Arrival

Company Name
WallStreet
Regulatory Status
No Regulation
Company Abbreviation
WallStreet
Platform registered country and region
Singapore
Phone of the company
--

User Reviews

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2 ratings

Participate in evaluation
小许87506
Firstly, show the asset and teach you with skills. Secondly, induce to deposit. Thirdly, Induce more deposit to withdraw after user found that they cannot withdraw. There are lots of victims and tremendous amount
2022-05-08 18:50
0
BIT2584295911
Take the initiative to add and teach you to speculate on coins, especially the download link of "Wall Street". The person who sends the download link to you, don't believe it. The background of the app is manipulated by others. It allows you to make small profit at the beginning, but you cannot withdraw later, and ask you to pay 50% of principle.
2022-04-25 23:35
0
Aspect Information
Company Name WallStreet
Registered Country/Area United States
Founded Year 2015
Regulatory Authority Unregulated
Number of Cryptocurrencies Available 150+
Fees 0.25% per transaction
Payment Methods Credit/Debit Card, Bank Transfer, Cryptocurrency
Customer Support 24/7 Live Chat, Email, Phone

Overview of WallStreet

WallStreet, founded in 2015, is a cryptocurrency trading platform based in the United States. Despite being unregulated, it has gained traction in the crypto community, boasting a diverse portfolio of over 150 cryptocurrencies. With a transparent fee structure, traders are charged a flat rate of 0.25% per transaction. WallStreet offers its users a variety of payment methods, including credit/debit cards, bank transfers, and direct cryptocurrency transactions. Recognizing the importance of round-the-clock assistance in the dynamic world of cryptocurrency, WallStreet ensures its users receive timely support through a 24/7 live chat, email, and phone services.

Overview

Pros and cons

Pros Cons
Diverse Cryptocurrency Portfolio Lack of Regulation
Transparent Fee Structure Standard Fee Rate
Multiple Payment Methods Potential for Platform Overload
Round-the-Clock Customer Support Limited Advanced Trading Tools

Pros of WallStreet:

  • Diverse Cryptocurrency Portfolio: With over 150 cryptocurrencies available, WallStreet offers traders a broad range of options, allowing for diversified trading strategies and portfolio builds.

  • Transparent Fee Structure: A straightforward fee of 0.25% per transaction eliminates the guesswork, ensuring traders are always aware of the costs associated with their trades.

  • Multiple Payment Methods: The ability to transact using credit/debit cards, bank transfers, and cryptocurrencies offers flexibility and convenience to its users.

  • Round-the-Clock Customer Support: The provision of 24/7 live chat, email, and phone support ensures that traders can get assistance at any time, enhancing the user experience.

  • Cons of WallStreet:

    • Lack of Regulation: Being unregulated may raise concerns among potential users regarding the platform's credibility and the safety of their investments.

    • Standard Fee Rate: The flat rate of 0.25% might not be appealing to high-volume traders who might get better deals on platforms with tiered or volume-based fee structures.

    • Potential for Platform Overload: As with many trading platforms, there's always a risk of the system becoming overloaded during high volatility periods, possibly causing delays or hitches in trade executions.

    • Limited Advanced Trading Tools: While the platform caters to a broad audience, professional traders might find a lack of advanced trading tools or features that cater specifically to high-frequency or algorithmic trading strategies.

    • Regulatory Authority

      WallStreet operates in the cryptocurrency sector as an unregulated platform. This means that it does not fall under the supervision or guidelines of any specific financial regulatory authority in the United States or abroad. Operating without regulation can offer platforms like WallStreet greater flexibility in terms of service offerings and operations. This lack of oversight can, at times, lead to faster implementation of features, updates, and possibly more attractive trading conditions.

      However, potential users should be aware that trading on an unregulated platform carries inherent risks. Without regulatory oversight, there's a reduced guarantee of compliance with standard financial practices, potentially leading to concerns about the safety of users' funds or the fairness of trade executions. Traders are advised to exercise caution, conduct thorough research, and perhaps use additional safety measures such as enabling two-factor authentication, regularly monitoring their accounts, and only keeping essential funds on the platform.

      Security

      WallStreet places paramount importance on the security of its users, adopting a range of measures to safeguard both funds and data.

      • Segregation of Funds: To ensure the utmost safety, WallStreet keeps client funds in bank accounts that are distinct from the company's operational funds. This measure guarantees that the users' capital is never accessed for the platform's day-to-day activities.

      • SSL Encryption: WallStreet's website and trading interface harness the power of SSL (Secure Socket Layer) encryption. This assures users that all data exchanges between them and WallStreet remain encrypted, maintaining confidentiality and protection against potential breaches.

      • Two-Factor Authentication: For heightened account safety, WallStreet has incorporated two-factor authentication (2FA) for all client accounts. This security layer necessitates not just the conventional password and username, but also a unique piece of information or device that only the account holder possesses.

      • Advanced Trading Safeguards: WallStreet is equipped with a suite of trading risk management tools, such as stop-loss and take-profit mechanisms, enabling traders to control potential losses and optimize profits.

        For an added layer of protection, it's always prudent for traders to adopt personal security best practices, which includes setting robust, unique passwords, enabling 2FA, and ensuring their devices are malware-free and regularly updated.

      • Cryptocurrencies Available

        On WallStreet, users can access over 150 cryptocurrencies for trading. This wide variety of options allows users to diversify their portfolios and take advantage of different market opportunities. Additionally, WallStreet may offer other products and services related to cryptocurrency trading, such as margin trading, futures contracts, or lending services. However, specific details about additional products and services offered by WallStreet would require further research or direct contact with the exchange for more information.

        Cryptocurrencies Available

        How to open an account?

        The registration process of WallStreet can be completed in six simple steps:

        1. Visit the WallStreet website and click on the “Sign Up” button.

        2. Provide your email address and create a secure password for your account.

        3. Verify your email address by clicking on the activation link sent to your inbox.

        4. Complete the KYC (Know Your Customer) process by providing your personal information, such as your full name, date of birth, and residential address.

        5. Upload the necessary identification documents, such as a valid passport or driver's license, to verify your identity.

        6. Submit your application and wait for approval from WallStreet. Once approved, you can start trading on the platform.

        Fees

        At WallStreet, a consistent and transparent fee structure is in place for its users. For every transaction executed on the platform, whether it's a purchase or a sale of cryptocurrency, a flat fee of 0.25% is applied. This standardized approach ensures that users are always aware of the charges they will incur for their trading activities. The 0.25% fee is automatically subtracted from the gross transaction value, streamlining the process and eliminating any manual calculations or surprises for the users. As a result, users can confidently conduct their trades, knowing in advance the cost implications of their actions on the WallStreet platform.

        Flat fees 0.25% every transaction

        Payment Methods

        WallStreet offers a diverse range of payment options tailored to meet the preferences of its varied user base:

        • Credit/Debit Card: An accessible and convenient method, WallStreet allows users to conduct transactions using major credit or debit cards. This ensures quick and hassle-free deposits and withdrawals for users, especially for those who prefer instant card transactions.

        • Bank Transfer: Catering to users who opt for more traditional banking methods, WallStreet provides the option of bank transfers. While this method might take a bit longer compared to card transactions, it's a preferred choice for those moving larger sums of money or seeking added security assurances from their banks.

        • Cryptocurrency: Staying true to its core, WallStreet also accepts payments in various cryptocurrencies. This method is ideal for users who prioritize privacy, speed, and the decentralized nature of digital currencies. The exact cryptocurrencies accepted beyond Bitcoin (BTC), Ethereum (ETH), and others mentioned would be listed on their platform.

        • Payment Method Fees

          • Credit/Debit Card: While WallStreet does not impose additional charges for transactions made using credit or debit cards, users are advised to consult their card providers as certain banks might levy their own fees.

          • Bank Transfer: Transactions carried out via bank transfers are also processed without any supplementary fees from WallStreet's side. However, it's crucial for users to check with their respective banks in case there are any internal charges.

          • Cryptocurrency Payments: When using cryptocurrencies as a payment method, WallStreet doesn't charge extra fees. However, the standard network (or miner) fees of the respective cryptocurrency blockchain would still apply.

          Customer support

          WallStreet, a cryptocurrency platform with its registration in Singapore, prioritizes its customer's queries and concerns. Though not currently regulated, the platform endeavors to provide quality assistance to its users. While there is no direct phone line for support, WallStreet offers a comprehensive approach through its official website, available at https://www.wallcoin.cc/#/, where users can find a range of resources and information. For more direct inquiries or concerns, clients can reach out via their official customer service email at WallStreetbit@gmail.com. As of now, WallStreet does not have an active presence on social media platforms such as Twitter or Facebook, so the primary mode of communication is through their official website and email.

          Is WallStreet a Good Exchange for You?

          When it comes to trading groups that would be suitable for WallStreet, there are several target audiences that could benefit from the features and services offered by this exchange.

          1.Cryptocurrency Enthusiasts and Beginners: WallStreet caters to individuals who are newly venturing into the world of digital currencies. Its user-friendly platform design and transparent fee structure make it an attractive choice for those who may not be familiar with cryptocurrency trading dynamics yet want to explore this financial avenue.

          2.Active Day Traders: With a flat fee structure and a wide array of cryptocurrencies available, WallStreet appeals to active day traders who perform multiple transactions daily. These traders seek platforms where they can swiftly buy and sell digital assets, taking advantage of market fluctuations throughout the day.

          3.Long-term Cryptocurrency Investors: Given its established presence since 2015 and a diverse crypto offering, WallStreet also attracts those who believe in the long-term potential of specific cryptocurrencies. These investors, often looking beyond the immediate price dynamics, prioritize platforms that offer security, a variety of assets, and consistent fee structures.

          Is WallStreet a Good Exchange for You?

          Conclusion

          WallStreet, established in 2015 and registered in Singapore, has solidified its position as a notable platform in the cryptocurrency trading landscape. With a straightforward fee structure of 0.25% on every transaction and an extensive selection of over 150 cryptocurrencies, it caters to a broad spectrum of traders, from novices to seasoned day traders and long-term investors. Although unregulated, its commitment to user security and a range of payment methods underlines its dedication to offering a user-centric trading experience. The platform's transparent operations and diverse offerings make it a contender in the competitive world of crypto exchanges.

          FAQs

          Q: What cryptocurrencies are available for trading on WallStreet?

          A: WallStreet offers a wide variety of over 150 cryptocurrencies for trading purposes, allowing users to diversify their portfolios and take advantage of different market opportunities.

          Q: What payment methods does WallStreet accept?

          A: WallStreet accepts various payment methods, including credit/debit cards, bank transfers, and cryptocurrencies, providing flexibility and convenience for users in managing their funds.

          Q: What are the trading fees on WallStreet?

          A: WallStreet imposes a flat 0.25% fee for every transaction on its platform. This rate applies to both buying and selling activities.

          Q: Is WallStreet a regulated platform?

          A: No, WallStreet is currently unregulated. However, the platform takes various measures to ensure the security and safety of its users' assets and data.

          Q: How can I contact WallStreet's customer support?

          A: Users can reach out to WallStreet's customer support through their official email address: WallStreetbit@gmail.com. Additionally, further details can be found on their official website: https://www.wallcoin.cc/#/.

          User Review

          User 1: I've been using WallStreet for a while now and I must say, their security measures are top-notch! I feel confident knowing that my funds are stored in offline wallets and that they use two-factor authentication. The regulation by the U.S. Securities and Exchange Commission also adds to the trustworthiness of the exchange. The interface is user-friendly and easy to navigate, making it a breeze to trade. The only downside is that the trading fees are a bit high compared to other exchanges, but the overall experience and peace of mind are worth it.

          User 2: WallStreet has been a reliable exchange for me. The range of cryptocurrencies available for trading is impressive, giving me plenty of options to diversify my portfolio. Their customer support is responsive and helpful, ensuring that any issues or queries are addressed promptly. The trading fees are reasonable, and the deposit and withdrawal speed is relatively fast, especially for credit/debit card transactions. The only thing I wish for is more advanced order types, as that would provide more flexibility in trading strategies. Nonetheless, I'm satisfied with the exchange's stability and overall performance.

          Risk Warning

          Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.