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Whaleclub – ZERO fees trading review and how-to-guide

Whaleclub is a trading platform dedicated only to Bitcoin. Your Bitcoin deposits automatically serve as margin for your all of your trades and all trades are accomplished in bitcoin. This means that there are no conversions from bitcoin to fiat nor fiat to bitcoin. No bank account links needed. Everything from your deposits, balance, positions, orders and everything else are expressed in BTC alone.

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Whaleclub assures zero fees on all deposits, order executions, balances and inactivity. However, if leverage is used, financing rates may take place.

The online trading platform is located in Hong Kong and was founded in 2014. Today, Whaleclub has more than 8,000 users around the world. It is fully accessible to all kinds of devices. You can visit the site through your smartphones and tablets.

When it comes to security, Whaleclub make sure that it is on their top priority. They make sure that they meet all the standards the industry requires in protecting all of the traders and clients funds and information. They use various methods and a number of security layers to guarantee that all the wallets, servers, network, software and web applications are safe and sound.

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How to get started with Whaleclub?

Step 1 – Create an account

Signing up at Whaleclub.co is simple. Click on Sign Up button as shown below

Then, enter your email address and your desired password

Next, enter your desired username which will be displayed on the site and your first name for will be used for email communication. Click CREATE ACCOUNT button

Lastly, verify your email and voila! You can now get started.

Step 2 – Deposit funds to your account

Before starting to trade, you need to fund your account with bitcoins. You do this by simply clicking on Deposit menu.

 

You will then be given a deposit address. This is where you will send your bitcoins into.

Once you have funds deposited, you can now start trading

How to Trade at Whaleclub?

Click on Trade now button from the Home page

The right side panel is a list of assets for you to choose from such as BTC/USD, ETH/BTC, EUR/USD and more.

The left part is the chart of your chosen currency pair and below is the New Position panel where you enter a new trade.

To start a new trade, set the SIZE, PRICE and LEVERAGE of your position.

    • So if the market has the maximum 10x leverage, that means you can put up a size

ten times

     your current balance. For example, if you have a 3 BTC balance, you can enter a size up to 30 BTC. For the price, you can enter the price of your own or you can set it to the best price in the market by ticking the M tick box. You can also set leverage of your own choice whether you choose the maximum or something lower than that.

If you expect the price to go up, choose the LONG position but if you expect the price to go down, choose the SHORT position.

Once done clicking on either of the Long and Short positions, your trade will pop up on the active positions panel. You can edit your trade by setting up a TARGET and a STOP and click the UPDATE button.

You can also split the size into smaller positions on the active positions window by clicking on the icon as shown. You can either choose a 50/50, 40/60, 30/70, 20/80 and 10/90 split, then you click the SPLIT button to execute the split.

Close your trade by clicking on the CLOSE button and you are done.

Once you already made some good trades, you can now withdraw by clicking on the Home menu and Withdraw option.

Then enter your withdrawal Bitcoin address and amount in BTC and click WITHDRAW button.

This guide to whaleclub is a way to promote our free tutorials and tips on our blog. If you like this guide, please feel free to share. Also, if you have questions to ask, write them on the comments section below.

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