No Regulation

Score

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/10

WAGMI

United Kingdom

|

Within 1 year

Suspicious Regulatory License|

Medium potential risk

https://wagmi.com/

Website

Rating Index
Contact
WAGMI
https://wagmi.com/
Influence
E

Licenses

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

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Company Name
WAGMI
Phone of the company
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WikiBit Risk Alerts

1
Previous Detection 2024-12-17

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

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11 ratings

Participate in evaluation
keithandco
Exciting community engagement with strong potential for growth!
2024-09-19 06:17
0
irskandar
Interesting project with potential for growth, but lacks transparency and community engagement. Room for improvement in security and regulatory compliance. Buyers beware.
2024-09-17 08:07
0
Clan12
Interesting project with potential, but lacks transparency and community support. Mixed reviews on security and team experience. Exciting volatility and market demand.
2024-09-14 05:51
0
Zacharias De Beer
Not impressed with user reputation. lacks credibility and trustworthiness.
2024-08-07 17:40
0
kaichan
Exciting insights into regulatory landscape diversity. Varies by region, influencing project development. Join the conversation!
2024-09-18 10:26
0
Ferdinand03
Fast and helpful customer support! Friendly and efficient communication. Great experience overall!
2024-09-09 11:54
0
sege2k2
Exciting industry buzz with growing attention from media outlets.
2024-05-31 18:23
0
Samuel
Exciting technical advancements and potential growth in WAGMI's development prospects. A promising trajectory towards innovation and scalability. #FutureIsBright
2024-05-26 17:42
0
robroy84
Top-notch technology, strong team, growing community, potential for massive adoption and long-term success. Exciting features, solid security, and competitive edge. Overall, a promising investment with great rewards." Interactive summary: "Thrilling potential, solid foundation.
2024-08-12 20:38
0
papyJ
Cutting-edge technology, strong team, growing community, promising future." Interactive, enthusiastic summary: "Exciting potential and solid foundation!
2024-07-27 19:36
0
Jikkie
Innovative blockchain technology with strong scalability and consensus mechanism. Potential for real-world applications and solving market demands. Experienced team with a transparent track record. Active user base and developer community. Sustainable tokenomics and high security standards. Considerable competition and regulatory challenges. Engaged community with promising long-term potential. Emotional tone: Exciting future prospects for WAGMI!
2024-06-15 19:31
0
WAGMI Summary Review
Registered Country/RegionChina
Founded2021
Regulatory AuthorityUnregulated
Cryptocurrencies AvailableETH, BTC, DAI, USDC, etc
Customer SupportSocial Media: Telegram, Twitter, Instagram, Discord, Twitter

Overview of WAGMI

Wagmi is a DeFi platform that facilitates trading, liquidity provision, swapping, and yield strategy generation. It supports multiple blockchains and offers features such as leverage, asset diversification, and advanced liquidity management. Users have full control over their funds and can earn rewards through passive token yield. The platform prioritizes efficient transactions and operates in a secure, decentralized environment.

WAGMI's homepage

Pros & Cons

ProsCons
Efficient transactionsLack of regulation
Decentralized environmentLimited information on payment method
Wide range of services
Multichain support

Pros

  • Efficient transactions: Wagmi offers efficient transactions for trading, liquidity provision, swapping, and yield strategy generation. This can help users save time and costs associated with slow transaction speeds.
  • Decentralized environment: Wagmi operates in a secure, decentralized environment, allowing users to perform swaps, manage liquidity, and earn fees directly from their wallets without the need for third-party intermediaries.
  • Wide range of services: Wagmi provides various services to cater to the needs of cryptocurrency traders and enthusiasts, including trading, liquidity provision, yield strategy generation, leverage trading, and advanced liquidity management.
  • Multichain support: Wagmi supports multiple blockchains, giving users access to a diverse range of cryptocurrency options for trading, providing liquidity, and participating in yield generation strategies.
  • Cons
    • Lack of regulation: Wagmi has not been regulated by any notable authority, which may raise concerns about oversight and accountability.
    • Limited information on payment method: Wagmi's website lacks detailed information on payment methods. This could lead to uncertainty for users regarding the payment options available to them.
    • Regulatory Authority

      Currently, Wagmi has not been regulated by any notable authority. This lack of regulation can be seen as a disadvantage for traders. When an exchange is unregulated, it means that there may be a lack of oversight and accountability.

      No license

      Security

      Wagmi employs a variety of security measures to ensure the safety of users' funds and personal information.

      • Secure wallet integration: Users have full control over their funds through wallet integration, which allows for secure storage and easy access to assets.
      • Decentralized environment: Wagmi operates in a decentralized environment, reducing the risk of centralized vulnerabilities and potential hacking attacks.
      • Smart contract optimization: Wagmi's smart contracts are optimized for security and efficiency, reducing the risk of vulnerabilities and ensuring the smooth execution of transactions.
      • Encryption protocols: Wagmi utilizes encryption protocols to safeguard users' personal information and transaction data, protecting them from unauthorized access.
      • Continuous monitoring and auditing: Wagmi conducts regular security audits and monitors its platform for any suspicious activity, ensuring that users' funds and data are protected against potential threats.
      • Cryptocurrencies Available

        The cryptocurrencies available on the Wagmi platform include popular tokens such as ETH, BTC, DAI, USDC, and other ERC-20 tokens. Additionally, Wagmi supports multiple blockchains, allowing for a diverse range of cryptocurrency options for users to trade, provide liquidity, and participate in yield generation strategies.

        Services

        Wagmi provides a range of services to cater to the needs of cryptocurrency traders and enthusiasts.

        • Trading: Wagmi facilitates cryptocurrency trading activities on its platform.
        • Liquidity Provision: Users can provide liquidity on Wagmi to participate in various activities.
        • Swapping: Wagmi allows users to swap tokens on its platform.
        • Swap
          • Yield Strategy Generation: Users can generate yield strategies using Wagmi's platform.
          • Strategy
            • Analytics and Monitoring: Wagmi offers analytics and monitoring features for V3 Pools, strategies, GMI, WAGMI Analytics Overview, tokens, and WAGMI Staking. These features provide insights and data to help users make informed decisions and optimize their strategies.
            • Analytics

              How to Buy Cryptos?

              To buy cryptocurrencies on Wagmi, you typically need to follow these steps:

              • Set up a Wallet: Obtain a compatible cryptocurrency wallet that supports the tokens you intend to buy on Wagmi. Ensure that you securely store your wallet's private keys or recovery phrases.
              • Fund Your Wallet: Acquire the base cryptocurrency (such as Ethereum) that is needed for interacting with the DeFi platform. You can purchase the base cryptocurrency from a centralized exchange and transfer it to your wallet.
              • Connect to Wagmi: Access the Wagmi platform and connect your cryptocurrency wallet. This typically involves using a wallet browser extension or scanning a QR code to establish the connection.
              • Token Selection: Choose the specific cryptocurrency you wish to buy from the available options on the Wagmi platform.
              • Swap or Trade: Follow the instructions provided on the Wagmi platform to execute the swap or trade transaction. This involves specifying the amount of the base currency you want to exchange for the desired cryptocurrency.
              • Confirm Transaction: Review the transaction details and confirm the purchase. Be aware of any associated fees and gas costs (transaction fees on the blockchain).
              • Wait for Confirmation: Wait for the transaction to be confirmed on the blockchain. This process can take some time, depending on network congestion and the chosen cryptocurrency.
              • Fee

                Wagmi offers a 0% protocol fee and provides users with the flexibility to choose from various fee tiers for swapping: 0.05%, 0.15%, 0.3%, or 1% based on the specific token pair. Users can personalize their liquidity provision by setting price ranges, concentrating liquidity within existing pools, or creating new pools with preferred tokens.

                Is WAGMI a Good Exchange for You?

                Wagmi's diverse liquidity offerings, with multiple pools for each token pair featuring unique fee tiers ranging from 0.05% to 1% for swapping, make it a good exchange choice. This diversity enhances the trading experience by providing users with more options to tailor their trading strategies, improve price discovery, increase market depth, and potentially lower fees while maximizing returns.

                The variety of liquidity pools allows for a more dynamic and user-centric trading environment, making Wagmi a favorable exchange for those seeking flexibility, competitive fees, and enhanced trading opportunities.

                Frequently Asked Questions (FAQs)

                What are the fee tiers for swapping on Wagmi?

                Wagmi offers multiple fee tiers for swapping, ranging from 0.05% to 1% for different token pairs.

                How can I customize liquidity provision on Wagmi?

                You can personalize liquidity provision by setting price ranges, concentrating liquidity within existing pools, or even creating new liquidity pools with your preferred tokens.

                What advantages does Wagmi's leverage facility offer?

                Wagmi's leverage facility allows traders to margin long or short any pair without the risk of forced price-based liquidations, providing greater flexibility in trading strategies.

                How can liquidity providers benefit from Wagmi?

                Liquidity providers can earn yield even when their liquidity position is out of range, providing an opportunity for continuous earnings regardless of market conditions.

                How does Wagmi optimize price discovery for users?

                Wagmi's diverse liquidity pools with varying fee tiers enhance price discovery by offering users the flexibility to access pools with different liquidity levels and fee structures.

                Risk Warning

                Cryptocurrency exchange investments come with inherent security risks. 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.