A cryptocurrency is a form of a digital asset. Like money, it is designed to work as a medium of exchange. The cryptocurrency market has grown so rapidly over the years. Its growth has resulted in the development of a wide range of cryptocurrency types. This has resulted in the establishment of blockchain trading. Blockchain is a new system used for keeping records. The market also features a wide range of blockchain trading platforms. The authenticity of some of these platforms is questionable; for such a reason, platforms like WikiBit got established. This post looks at the WikiBit service platform and everything you need to know about it.
What is WikiBit?
WikiBit is a third-party service platform that offers queries on various blockchain trading platforms. The platform allows you to provide queries on the formality, authenticity, and compliance of various blockchain trading platforms on the market.
Services offered by WikiBit
This third-party service platform provides users with a wide range of services. They include:
1. Blockchain trading platform data query
This service gives you access to all the data on a particular trading platform. You only need to enter the name of the blockchain trading platform, and all this information will get provided to you.
2. Regulatory query
This service allows you to check if a reputable body regulates a blockchain trading platform. Additionally, the service also allows you to see the specific body that regulates the platform. Doing this will enable you to tell if a blockchain trading platform is reputable.
3. License query
This service helps you check if the blockchain trading platform is licensed. It also allows you to see the specific licenses the platform has. This information allows you to check the authenticity of the platform by researching the licenses it has.
4. Risk exposure
This service allows you to check the risks you will be exposing yourself to when you use a particular blockchain trading platform. Naturally, a blockchain trading platform with a higher risk exposure is not worth trusting, and vice versa.
5. Credit report download
WikiBit also allows you to download the platform’s credit report. This may seem like something simple. However, it will give you a host of information that you need to make an informed decision.
6. Related platform query
In addition to checking all the information listed above, you also get to get information on related platforms. This means that if you are not satisfied with the information you get on a particular platform, you can easily get recommendations on similar platforms. This way, you can look into the platforms and learn all you can about them.
All the services listed above are at your disposal. All you have to do is visit the official WikiBit platform and check and create an account. From there, you will gain access to a search feature where you can type in the blockchain platform, exchange, and token, then click search. In addition to the information explained above, you will also gain access to the contact, volume stats, and related software and docs for the particular platform.