Description
UpdateExperience the world’s first trading platform powered entirely by bitcoin. Long or short Cryptocurrencies, Forex, Commodities, Indices, and Stocks using your bitcoins. Global - Secure - Anonymous - Ultra-low Spreads - 100x leverage
Reviews
Write a reviewP-Man - November 26, 2017
I was also around the site when Brady was there. I was also banned from the chat for speaking out against the site in chat. Whenever I had a good night of trading they would always would refuse to send me my entire withdrawal. BEWARE. This site is incredibly dangerous if you like your money.
ScamAlert - November 23, 2017
I have run into a similar issue as other users have posted. My balance went from 1.5 BTC to 0.2 BTC and they have banned me from the chatroom for seemingly no reason. What a scam!
Sam - November 20, 2017
High fee. The financing is extremely high compared to other platform. If you are not careful you could lose big money holding an active position for more than a few hours. It's more like a risky gamble rather than trading. I lost 25% of my coins to the fees with a break even position within 1 day of trading.
kingarm - November 17, 2017
This Braden guy is also known as bradynapier in the WhaleClub chat community. I'm in there too as a senior member and was there when he was there.He was in there a few days ago and lost his money because he made a bad trade. He told everyone he would go after WhaleClub because he was angry. well here we are...
He posted the same links and screens in the WC chat community just last week - they were all proven to be fake and doctored. I was able to make my balance appear the exact same way using the Chrome developer tools.
Braden - November 17, 2017
Look, I am going to reply to every insinuation that is made against me that is false and being used to try to get the review rating here up artificially. Again, any lies that are made up can be safely ignored. Just view the proof. Do my current reviews reflect someone who would leave one word reviews?https://bitcointalk.org/index.php?topic=2393215.new#new
I am also currently working on a site to collect all the different users mirrored experiences which will hopefully act as a good resource. https://www.whaleclub-scam.com -- work in progress.
vera - November 17, 2017
Braden is same account that posted the 1word and 1-star coinbase review spamming? now coming after Whaleclub?
Braden - November 17, 2017
Why do people try to make up stories about me that have nothing to do with this? I have not posted any negative reviews anywhere to anyone. I have no other account that I use. I have nothing negative to say about any other business in the cryptocurrency community.Now they are threatening people for trying to get the truth out about this company. This speaks for itself. If you do well they ban you then threaten you as soon as you try to tell anyone about it. Bitcoin Rape Culture. Unbelievable.
My post history shows that I have only posted about this, because I have not needed to be apart of the larger community until now. Quit making up baseless lies. Whaleclub staff is spamming trying to get their rating back up.
Hopefully this behavior is a large enough red flag to all of you that may be considering trading with this company.
We can see what other stories are made up here, if you scroll back you will see I have been blamed for quite a few things! Hah... I guess I've been really busy! What a joke.
https://bitcointalk.org/index.php?topic=2393215.msg24721837#msg24721837
pottybrain - November 17, 2017
Braden is a known troll. He not only invents stories about Whaleclub, he went around and photoshopped screenshots about Coinbase and Xapo just a few days ago and posted them on several bitcoin forums. Something to do with the 2x upgrade. He controls like 50 sock puppet accounts on Bitcointalk and resurfaces every now and then (just look at his post history on BTalk).The irony is I don't think WC or any of these companies explicitly supported the 2x fork completely while disengaging with BTC core...
Commando - November 17, 2017
I've been told that some people are writing fake 1-star reviews about Whaleclub. I've been trading on Whaleclub for almost 2 years and am an active member of the community.If these trolls want to play, let them play. Let them know that I and everyone I can gather in the community will go to the end of the world and back to get the truth out.
These trolls are the scum of the earth. They've appeared in Whaleclub chat every once in a while and made up BS stories about their losses, only later to lie again about them and tell a completely different story. On occasion they get liquidated like the shitty traders that they are, then after a while they disappear.
They are in to destabilize the Club, and we will not let them. Mark my words we will go to the end of the world to rid of these trolls, these non-contributing zeros, these worms, and as members of the Whaleclub we will take them down.
Braden - November 17, 2017
All of those reviews from "different people" were just posted one after another. They all contain language which seems to be identical leading me to believe they were written by the same user. They are trying desperately to hide their scammy behavior. It is not rival exchanges, it is not lies, it is absolute fact. Additionally, 4 users (all the same affiliate troll pretty obviously for anyone that even tries reading them) have stated that I also posted on Coinbase which is untrue.
Also I do not know why stating anything about Coinbase's value has anything to do with the integrity of Whaleclub as a company. I've never had a problem with Coinbase so please stop misleading and lying to people who are trying to determine the truth about whether they can trust this company.
I did not use "advanced feeds" or any kind of algorithm. It is simply something they can claim anytime you make money so they do not have to pay you and can ban you, taking all of your funds.
Do not let the affiliate trolls and staff-posted spam of 5-star reviews deceive you. Examine the proof for yourself and do your research before putting your money into this.
https://bitcointalk.org/index.php?topic=2393215.msg24721837#msg24721837
More information, proof, images are above.
BlackFox - November 17, 2017
Whaleclub has become so popular recently that some people started trying to find ways to game the system to make illicit profits, like finding faster price feeds elsewhere to place orders before price moved on Whaleclub or making algorithms that would be based on that and try to trade in short bursts to take advantage of the lag. Those people were banned, and will continue to be banned, the staff made that clear in the Whaleclub chatroom where there are around 1000 or more traders online usually.So once those illicit traders were banned they go over here and elsewhere on the web and write 1-star reviews and make up stories full of bullshit...
chukri - November 17, 2017
Never had problems here with deposit and withdraw. Made about $28,000 trading here last week in BTC, deposited, withdrew, without issues.
fredo - November 17, 2017
Some are saying "hidden fee" must be blind or not understand margin trading. There are many who don't understand margin trading, it is their first time trading, so they get liquidated and suddenly blame the exchange... it is hilarious but stupid as well. DO YOUR RESEARCH before doing ANY kind of trading...
fredo - November 17, 2017
Many of the reviews who 1-star are the same who accused coinbase of being a scam run by the illuminati.. They were in the Whaleclub chat and BS all along trying to bad mouth the exchange as well as many other exchanges. Seriously look at the Coinbase reviews they left (all 1 stars, coinbase are "robbers") while coinbase has $9B and is the largest bitcoin holder in the world). Give me a break...
fredo - November 17, 2017
Never had an issue. Top notch service, support, and leverage. Cannot complain.
Aut4mtor - November 16, 2017
Came here from bitcointalk forums. I had a bad experience with WhaleClub awhile back and never had a chance to share it with everyone. Reading previous posters that have had issues with Whaleclub paying out, I wanted to highlight my issue as well.I ran into a similar situation where I spent months building a special solution for their API that would trade and make profits. I lost 0.3 BTC at first, but it eventually started doing really well and turned my remaining 0.2 BTC into 1.2 BTC.
As soon as I tried to withdraw that I was banned and support never responded to me when I sent questions.
This is a total scam!
TheLaw - November 16, 2017
I tend to agree. I noticed something was a bit off when people were getting threatened in the chat for talking about their fees that they would be banned. Fees are hidden. They show you the spread making you think those are the fees then make most of thier money on people that are not aware about the real fees hidden deeper in their UI.
Reading the post about that banned account after earning on the site makes it just not worth it to me anymore. I do like the trading on Whaleclub and have been trading on it on-and-off for a few months unsuccessfully. Not worth it if they are just going to ban me if I make anything. I'll try out some other exchange if any of them actually have a good reputation!
Sorry to those of you that have fallen victim this company.
I'm rating it 3 stars as the hidden fees are a pretty big red flag and the users posts below are compelling. However, I have personally enjoyed my time trading on the site, even if they have taken a lot of my money from bad trades on forex ;-).
Gutt_ - November 16, 2017
They hide their fees, which are constantly being adjusted, as is the spread, then if you do make a significant amount of money, they will just steal it.
Concerned User - November 14, 2017
Why is every complaint matched with seemingly cruel behavior from others? A review should contain valid information regarding a service based on the experiences one has had with the service. You should not concern yourself with the experience (good or bad) of anyone else otherwise it renders the review completely useless.That being said, I did like Whaleclub but I found their fees to be extremely hidden. You are not allowed to discuss the fees in the chat without being told you will be banned unless you shut up which goes to show they make most of their revenues from people not understanding that they are being charged upwards of 180% of their total invested amount every 24 hours.
This is why I left the site.
Fees are actually not bad if you want to trade on fiat (USD, JPY, etc). However, if you have a trade open on Bitcoin, that is when you really get hit. Their fees page gives the following example:
"If you have a 1BTC position on EUR/USD (daily financing rate 0.05%), and the clock hits the top of the hour (e.g. 11AM),
1 BTC x 0.05% / 24 = 0.00002 BTC"
However, that example changes drastically when you instead look at what a trade on BTC/USD is going to cost you which requires you continue to the next page. The fees also can change as much as 1,000% at any point (even 5 minutes before the fees are charged without notice).
I once saw the fees jump 1,000% 5 minutes before the fees were charged, causing a ton of users to not understand why they closed a positive trade and lost money. Not sure if it was a fluke or accident. Just know it happened.
Below is an example of their fees on BTC. I actually understand the fees and if you trade appropriately knowing how they work it's fine. It's the users that trade not understanding this and the level at-which they "hide" the fees that is concerning.
Lets take a look at how a trade is going to look if you trade with margin on the most popular pair where fees are tens of thousands of times higher.
"If you have a 1 BTC position on BTC/USD (daily financing rate 6%) with 20x margin, and the clock hits the top of the hour (e.g. 11AM),
(1 BTC * 20) x (6% / 24) = 0.05 BTC (or 1.2 BTC per day)"
This means that at current price of BTC ($6,600) that your trade is going to cost your $330 for every hour that it is open or $7,920 for a 24 hour period. Since you also have a spread on that investment which is 0.61% at the time of posting this, that is an additional $805 that you have to consider putting the cost for a 24-hour trade at $8,725 on a $6,600 investment.
That being said, if you understand how you are meant to trade on Whaleclub then you can reduce this considerably.
The spread is at least transparent whereas the fees you are not aware of unless you look for them. Your trade might say you are $500 in profit. You close it and lose $1,500. This is because the fees are accruing under the table. You have to click on the trade and calculate the leverage financing fees manually and manage said fees yourself.
All-in-all it seems like your chances are pretty high of having a bad experience here. I would look at other platforms if you are looking to invest seriously. This is kind of like a fun casino to risk and likely lose your money in.
Braden - November 14, 2017
Clear proof is provided with screenshots that this is what happenedThey literally have a rule in the chat that you get banned if you criticize the platform in any way... so sure the chat is going to provide positive responses.
The companies stick around because they are great at covering tracks and insulting and putting down anyone that voice their concerns.
Simply insulting and putting down anyone that does attempt to reveal the nature of this company is more proof than anyone should need how they treat people.
Do your due diligence. Read and view the proof I provide for yourselves and you will understand how they have scammed me out of 107 DASH.
You can trade on here fine but if you make money prepare to be banned when they decide they don’t want to pay out.
Again, read the post and view all the screenshots and decide for yourself. Anyone that posts simply to insult other users is pretty obviously just worried about losing their referral revenues.
You’ll notice almost all the positive reviews are from insulting the people that provide negative reviews.
Search YouTube as well and you will find videos from people experiencing this.
593 reviews 
