WekSell review: is a safe exchange or scam? (01.2021)
What do we know about WekSell? According to the data we possess, it appears to be a not much loved by the people, but rather an aged dealer aka exchanger. It's a broker operating for about 4 years. WekSell supports some of the popular crypto. WekSell operator is an unknown entity or a group of individuals, but we must add that it appears as the usual way to do crypto-related business in their jurisdiction.
Clients from
all the
255
countries & territories
are welcome here,
together with your home country: United States!
Broker serves the US and allows registrations from
all the
56
states.
Our visitors decided the customer service as
exceptional, 5 stars quality;
the exchange is almost instant and takes less than 15 minutes!
(or smth close).
Specific types of orders may require identity verification
So, what's our opinion so far? Based on the information we currently hold, WekSell should be a probably unsafe (according to the customers' reviews) site to swap Bitcoins; an exchange that we surely wont't recommend. Let's appraise everything in details...
Overview: is WekSell safe?
WekSell operates as the Broker. A project had started up in April 2020. Despite the fact that we couldn't find any information about the company that manages weksell.com site (and are not even sure if there's a legal entity at all), we must say that it's rather a usual practice for the "exchangers" from Russia and the neighboring countries. The main reason for this is the uncertain local regulation; such exchange providers have no way to open a corporate bank account, etc.
Research: best alternative to WekSell
By reason of we can't (yet?) endorse the weksell.com, you may feel safer choosing the website we've already appraised and checked in full. Therefore we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:
A glance at the service specifics confirms that WekSell employs the business model of a Broker; exchange started the business April 2020 and up-to-date operates for 4 years. It received some reviews and seems to be known on the local market. There is no information available about the company doing business as WekSell, etc. Please note that it's just a super-small snapshot of what we've discovered, details about the business model are available in the "what we already know about weksell" section. Considering all the abovementioned, we were looking for another broker allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: TransCoin! Let's figure out what makes it the safest choice:
TRANSCOIN is also a Broker; exchange started to provide the services in May 2018. It is a really trusted, surely a respectable, well established, interesting exchange platform (broker) that supports 1 cryptocurrency: you can This is what we value the most about this great exchange service:
- It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
- The business model of an exchange broker doesn't require to store the customers' money, there are no accounts, etc. The crypto (or fiat) payment will be instantly delivered to a wallet (bank or fiat payment system) of your choice
- The exchange runs the business for a long time; project was started 5 years and 11 months ago
- TransCoin accepts the registrations from 255 countries; customers from United States can use the services
- Customers' testimonials are top notch, 100% (5 out of 5) wrote about the positive experience doing business with TransCoin.
According to our research and the community vote, TransCoin is the best Broker worldwide. That's a really outstanding result, considering that we compare 333 exchange platforms! Long story short, this means that transcoin.me truly stands out in terms of reliability, reputation, etc. - you name it... We are sure, you won't regret your choice!
So, let's conclude: the best alternative to WekSell is
TransCoin, a perfectly safe and trusted broker, rated 100/100. Such score is really, really hard to get, only very exchange services managed to get such a high rating! Let's break down how the transcoin.me exchange could get such a scoring.WekSell fees, limits, verification, etc.
Even though we still consider if we should add WEKSELL to the list of approved exchange platforms and the individual dealers-exchangers and are in process of gathering and evaluating the information, we've already collected some data worth sharing. The business appears like a advanced in years broker running from Apr 2020. We could not find any information about the company administering the website; no signs if there's any legal entity at all. That's not a good indication, but sadly it's rather a usual practice for "exchangers" operating on/from the Russian and ex-USSR market.
weksell.com is a broker, sort of "crypto exchange bureau" online. Buying and selling aside, there's usually not much to do on such a website; but isn't it exactly what we are looking for? On a positive note, the brokers don't hold the clients' funds and typically require less trust, etc.
Dealing with a reputable service of the sort is virtually risk-free, especially if you don't send a lump sum at once. Just please remember that trading with an anonymous or almost anonymous dealer requires extra caution!
Fees & Limits at WekSell
We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the "watch list", while we are considering if we should add these sites or not. Unfortunately, due to some technical issues the integration with WekSell is not yet set, and therefore we can't state anything about the fees and purchase limits at this broker. Please accept our apologies!
WekSell account verification
The broker may ask the customers to complete the user identification process (account verification) when certain conditions are met. Exchangers like WekSell operate in a gray area due to the fact that their target markets have no cryptocurrency regulation in place. Therefore such providers either have no KYC programs at all or maintain a very simple one. You'll get acquainted with the details during an order submission.
In the opinion of the actual WekSell customers: an average time how long it takes to verify your account is no longer than a few minutes! An impressive result! Verifying your account won't take a long time and actually is a one-time thing, that's nice.
Supported countries
The website allows the user registrations from 255 countries. Actually it appears that absolutely all the countries and territories are supported by weksell.com, it has no blacklisted geographies and no geo-restrictions!
Does WekSell allow the users from United States (US)?
That's right, it does! weksell.com permits the registrations from the United States! Broker grants access to the customers from all the existing 56 states, territories, and commonwealths of the U.S.A..
American residents and the U.S. citizens are welcome to convert various crypto currencies offered by the broker.
Ops, sorry! Can't get an access to the data regarding the US operations of WekSell. While we are fixing that, please explore the exchange's website; there's a list of payment systems supported, etc.
Customers' testimonials
We still hadn't received any reviews of weksell.com we could verify. We'd love to know what our valued visitors think of this website; based on that we'll decide should we approve the Broker or not. If you've already tried this service or know someone who did we are counting on you! What do you think about this exchange? Please share your experience, your thoughts... even just a few words testimonial is a great help!
FAQ about WekSell
Does WekSell holds my funds?
It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.
Is WekSell a good broker?
Unfortunately, it seems that WekSell can't be called a good broker! Some even call them scammers... We can say so based on the score the exchange got at our platform and the customers' testimonials analysis. The details are explained in this review and we break down a score in the overview section.
Is WekSell licensed? Does it hold e-money license?
It is not. We even could not find any information about the business entity operating the exchange, etc.
Is WekSell a ripoff?
We can't state that WekSell is ripping people off, although we've received some serious scam accusations. We won't recommend using this service if the situation won't be resolved ASAP. Feel free to check the alternatives, we know some great exchanges with flawless testimonials you can use from United States!
is WekSell a legit exchange?
Despite the fact we can't yet state that WekSell is a fraud, scammers ripping off the clients, etc., you should know about the claims of fraud. Please think twice before using it, there are many alternatives! Besides, there are other risk factors. WEKSELL operates without any business licenses, etc. (unfortunately, it's rather common practice for Russian, CIS, and Eastern Europe based exchangers) so in case of any force-majeure, etc. the risk of losing money increases; please deal with caution! Our proposed rating score is 35 | 100, feel free to read more about what does it means and how the scoring is calculated.
Can I trust WekSell with my money?
We definitely would not recommend trusting WekSell; people claim they lost their money doing so. Also, feel free to read why we preliminary assess the 35/100 result for the exchange. And remember, whatever service you use, it never hurts to test it with a smaller amount first! Especially when you are dealing with unregulated exchanges and the individual exchangers. Particularly if there are accusations of scamming. But the safest way would be choosing an alternative, just look below!
Is WekSell instant?
Exchange with WekSell is not instant, so you may experience some delays while waiting for your money to be delivered.
WekSell vs other exchanges
We understand that you likely are interested to choose a most trusted broker that has flawless reputation and great reviews, and mostly important, a service no one accuses of being a fraudulent exchange. So we took the liberty to compile a list of alternative sites you may use instead of WekSell. There are similar exchanges providing more or less the same services; let's see what else is available right away and compare it to the reviewed business! Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. And by the way, if you are eager to pick an exchange basing on a rate and fees mostly, our price comparison platform always finds the most reasonable exchange rates in United States!
WekSell vs WMexpress
A comparison of the key features and the principal facts about WMEXPRESS versus WekSell; just take a glance to decide if WMexpress will be the optimal choice for you or at least if it's worth checking our full study:
- WMexpress is a broker The way weksell.com website functions fits the broker format, both following the same approach to the business.
- WMexpress had launched the service August 2015 WekSell started the project April 2020 (WMexpress is operating for 4 years and 7 months longer).
- WMexpress operates without any registration or no information is available about the legal entity WekSell carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- WMexpress allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the WekSell being a resident of any of 255 countries; United States is granted with an access among all others (WekSell & WMexpress authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the WMexpress is 5.0 / 5.0 The score that our visitors assigned to customers' service at WekSell happens to be 5.0 (WekSell & WMexpress are treating the customers nearly identically).
- When the client needs to pass through the KYC process at WMexpress, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about 5 minutes or less, as per the actual clientele survey results The process of Customer Identification at WekSell typically involves a few (varies case-by-case) individual procedures. It ordinarily requires 2-3 or up to 5 mins (WekSell & WMexpress alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, WMexpress currently process orders to deposit and withdraw funds in just few minutes The actual WekSell users reported that the process of a deposit or withdrawal took about a couple of minutes (WekSell completes the deposit and withdrawal requests in a more delayed manner).
- Our visitors shared 7 reviews about WMexpress, 100% of those are positive As of today, WekSell gained 2 clients testimonials, 50% of these are positive (WekSell got more judgemental, less favorable user reviews).
So, is WMexpress a better alternative to WekSell? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score WekSell achieved: 35 vs WMexpress rated 71, we honestly believe that WMEXPRESS should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to WekSell, such as:
WekSell vs chby
A comparison of the key features and the principal facts about CHBY versus WekSell; just take a glance to decide if chby will be the optimal choice for you or at least if it's worth checking our full study:
- chby is a broker The way weksell.com website functions fits the broker format, both following the same approach to the business.
- chby had launched the service July 2018 WekSell started the project April 2020 (chby is operating for 1 years and 8 months longer).
- chby operates without any registration or no information is available about the legal entity WekSell carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- chby allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the WekSell being a resident of any of 255 countries; United States is granted with an access among all others (WekSell & chby authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the chby is 5.0 / 5.0 The score that our visitors assigned to customers' service at WekSell happens to be 5.0 (WekSell & chby are treating the customers nearly identically).
- When the client needs to pass through the KYC process at chby, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about 5 minutes or less, as per the actual clientele survey results The process of Customer Identification at WekSell typically involves a few (varies case-by-case) individual procedures. It ordinarily requires 2-3 or up to 5 mins (WekSell & chby alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, chby currently process orders to deposit and withdraw funds in just few minutes The actual WekSell users reported that the process of a deposit or withdrawal took about a couple of minutes (WekSell completes the deposit and withdrawal requests in a more delayed manner).
- Our visitors shared 6 reviews about chby, 100% of those are positive As of today, WekSell gained 2 clients testimonials, 50% of these are positive (WekSell got more judgemental, less favorable user reviews).
So, is chby a better alternative to WekSell? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score WekSell achieved: 35 vs chby rated 70, we honestly believe that CHBY should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to WekSell, such as:
WekSell vs 100monet
A comparison of the key features and the principal facts about 100MONET versus WekSell; just take a glance to decide if 100monet will be the optimal choice for you or at least if it's worth checking our full study:
- 100monet is a broker The way weksell.com website functions fits the broker format, both following the same approach to the business.
- 100monet had launched the service December 2014 WekSell started the project April 2020 (100monet is operating for 5 years and 3 months longer).
- 100monet operates without any registration or no information is available about the legal entity WekSell carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- 100monet allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the WekSell being a resident of any of 255 countries; United States is granted with an access among all others (WekSell & 100monet authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the 100monet is 5.0 / 5.0 The score that our visitors assigned to customers' service at WekSell happens to be 5.0 (WekSell & 100monet are treating the customers nearly identically).
- When the client needs to pass through the KYC process at 100monet, they usually ask to provide some (it depends on various factors) documents and / or specific procedures The process of Customer Identification at WekSell typically involves a few (varies case-by-case) individual procedures. It ordinarily requires 2-3 or up to 5 mins (WekSell & 100monet alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, 100monet currently process orders to deposit and withdraw funds in approx. 5-15 mins The actual WekSell users reported that the process of a deposit or withdrawal took about a couple of minutes (WekSell processes requests to deposit and withdraw funds faster
- Our visitors shared 6 reviews about 100monet, 83% of those are positive As of today, WekSell gained 2 clients testimonials, 50% of these are positive (WekSell got more judgemental, less favorable user reviews).
So, is 100monet a better alternative to WekSell? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score WekSell achieved: 35 vs 100monet rated 67, we honestly believe that 100MONET should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to WekSell, such as:
WekSell vs 1-online
A comparison of the key features and the principal facts about 1-ONLINE versus WekSell; just take a glance to decide if 1-online will be the optimal choice for you or at least if it's worth checking our full study:
- 1-online is a broker The way weksell.com website functions fits the broker format, both following the same approach to the business.
- 1-online had launched the service February 2017 WekSell started the project April 2020 (1-online is operating for 3 years and 1 months longer).
- 1-online operates without any registration or no information is available about the legal entity WekSell carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- 1-online allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the WekSell being a resident of any of 255 countries; United States is granted with an access among all others (WekSell & 1-online authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the 1-online is 5.0 / 5.0 The score that our visitors assigned to customers' service at WekSell happens to be 5.0 (WekSell & 1-online are treating the customers nearly identically).
- When the client needs to pass through the KYC process at 1-online, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about 5 minutes or less, as per the actual clientele survey results The process of Customer Identification at WekSell typically involves a few (varies case-by-case) individual procedures. It ordinarily requires 2-3 or up to 5 mins (WekSell & 1-online alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, 1-online currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds The actual WekSell users reported that the process of a deposit or withdrawal took about a couple of minutes (WekSell completes the deposit and withdrawal requests in a more delayed manner).
- Our visitors shared 5 reviews about 1-online, 100% of those are positive As of today, WekSell gained 2 clients testimonials, 50% of these are positive (WekSell got more judgemental, less favorable user reviews).
So, is 1-online a better alternative to WekSell? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score WekSell achieved: 35 vs 1-online rated 67, we honestly believe that 1-ONLINE should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to WekSell, such as:
WekSell vs Newline
A comparison of the key features and the principal facts about NEWLINE versus WekSell; just take a glance to decide if Newline will be the optimal choice for you or at least if it's worth checking our full study:
- Newline is a broker The way weksell.com website functions fits the broker format, both following the same approach to the business.
- Newline had launched the service March 2016 WekSell started the project April 2020 (Newline is operating for 4 years and 0 months longer).
- Newline operates without any registration or no information is available about the legal entity WekSell carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- Newline allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the WekSell being a resident of any of 255 countries; United States is granted with an access among all others (WekSell & Newline authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the Newline is 5.0 / 5.0 The score that our visitors assigned to customers' service at WekSell happens to be 5.0 (WekSell & Newline are treating the customers nearly identically).
- When the client needs to pass through the KYC process at Newline, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about 5 minutes or less, as per the actual clientele survey results The process of Customer Identification at WekSell typically involves a few (varies case-by-case) individual procedures. It ordinarily requires 2-3 or up to 5 mins (WekSell & Newline alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, Newline currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds The actual WekSell users reported that the process of a deposit or withdrawal took about a couple of minutes (WekSell completes the deposit and withdrawal requests in a more delayed manner).
- Our visitors shared 4 reviews about Newline, 100% of those are positive As of today, WekSell gained 2 clients testimonials, 50% of these are positive (WekSell got more judgemental, less favorable user reviews).
So, is Newline a better alternative to WekSell? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score WekSell achieved: 35 vs Newline rated 65, we honestly believe that NEWLINE should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to WekSell, such as:
Conclusion: is WekSell legit or scam?
Seems it's time to finalize the report, to make a judgment call. Is WekSell a scam or is it a legitimate exchange? How secure the weksell.com website is? Can you trust WekSell with your money? And (in our case) the most frequently asked question: Why the broker is not yet ranked at ExchangeRates.Pro? Let's start by answering the last question and, you'll see, the replies to the rest will follow. Can't wait? Help yourself jumping to the final verdict!
Why we hadn't yet ranked and fully listed WEKSELL and what does it mean?
The routine for adding a new exchange, especially if it's a Broker, to ExchangeRates.Pro listing is rather a long process and it depends on few factors we don't control directly. Our approach to the process is «better be safe than sorry»; we already have 37 well-tested platforms providing similar to WekSell functionality. 22 different exchange websites of broker type are among those and additionally, there are 4 peer-to-peer marketplaces. 10,573 exchange offers are available right away; these cover almost all the payment systems and local banks available in United States and North America for buying and selling BTC, cryptos, and tokens with US Dollar, EURos, whatever. Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves. It takes time. Moreover, there are two circumstances that are out of our direct control:
- All the exchange services, most notably the broker type ones are staying in the "pending approval" state until we collect at least a few reviews from the genuine customers, the ones we can actually verify. In addition, we monitor the clients' testimonials at the trusted review platforms, social networks, etc., and postpone the approval until we find enough evidence that the broker has no unresolved complaints and there are enough convincing users recommendations.
- We receive the new applications daily and like over 90% are from the other Brokers. It consumes a lot of time to check each and every one; there's a large queue and we have to be selective when choosing which applications to process first. Considering there's 278 pending applications from other "exchangers", websites that are very similar to WekSell, we can't promise that we'll process this one very fast, our apologies.
Exceptions from these two rules may happen only in very rare extraordinary cases. As you can see, we move forward with listing new exchanges slowly and the queue for Brokers is the largest one, but as a consequence, only the best brokers are getting approved. It's still very early to state that we would or we won't list WekSell, although we aren't very excited about the data we currently possess. And there already are some serious claims of fraudulent activities... But before jumping to conclusions, let's see how fast they could fix that (if they can).
So is WekSell a legit exchange or a fraud?
We haven't yet seen the convincing proof that WekSell is a scam hence can't call it a swindle, therefore right now it's not listed on our blacklist. But you must know that there are serious accusations of fraud; stay away if those won't be resolved ASAP!
Alternative solution: how to find the best rate to exchange BTC & crypto in United States and North America
There is another way of finding the most worthy alternative to WekSell that will work best for you. What if instead of opposing the features of various exchanges we'll compare the terms of the specific offerings that all the marketplaces, brokers, dealers, and even individual exchangers provide? That's exactly what our platform does! We assist you in choosing the most appropriate deal considering:
- The fees and rates provided at the moment by 21 exchange websites of a "Broker" type and 10,573 other offers.
- BTC/USD exchange rate at those ; the availability of service for the residents of United States.
- Which local banks & payment systems out of 154 serving US are the fastest, most convenient and cost-efficient personally for you.
- Amount you need to swap: say, the conditions for exchanging USD 1 will be significantly different from the terms of $64,080.0 conversion.
- And of course, you see the rating, users reviews (up-to-date 529 real clients testimonials), etc. for all the offers available!
Our platform could find 44 offers to buy, sell, exchange BTC available to users from United States, and 38 of these are for the US Dollar currency. There are totally 27 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as e-wallet, P2P Marketplace, Trading Platform, etc. 5 exchanges has active offers for these currencies right now; you can buy/sell using 19 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 17 local banking institutions and the payment systems. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Etana, that's a local payment system. The most popular domestic options for purchasing BTC @ US:
- Barter from Flutterwave | 50 ads
- GoBank Card | 34 ads
- MyVanilla Reloadable | 22 ads
- JCPenney | 13 ads
- Cash in Person | 5 ads
- Other Gift Cards | 4 ads
- Nike | 4 ads
- Cash App (Square) | 4 ads
- Visa & Mastercard | 3 ads
- Netspend Prepaid | 3 ads
Our software couldn't get an access to the data what's available at weksell.com for the clients from United States, however we are sure that you'll find a worthy alternative on one of 36 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 17 domestic banks supported. Besides, you may find something interesting browsing 10,573 offers available with 19 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.