Brief information Websea
The Websea platform is a cryptocurrency exchange that provides access to digital asset trading. According to the company’s history, preparations began in October 2022 and the exchange launched in 2023. Websea identifies Hong Kong as its place of registration. Its company profile gives no registration number or date of incorporation.
The exchange claims to operate under licences in the United States, Canada and Australia. The exchange’s website does not publish copies of its registration or incorporation documents or of the licences it claims to hold.
The exchange lists the following website:
websea.com.
Websea advertises round-the-clock support. It lists websea@websea.com for general enquiries and @webseaservice as its Telegram community contact.
Cryptocurrency selection on Websea
The platform lists cryptocurrencies, stablecoins, and its own token, WBS. The selection includes the following assets.
BTC
ETH
SOL
TRX
GRAM
USDT
USDC
XAUT
WBS and many other cryptos.
The exchange also lists equity-linked instruments, including SPCX, SPCXON, AMZNON, METAON, and LLYON.
Services and fees of Websea
The Websea cryptocurrency platform offers the following services and features:
Spot trading.
Buying and selling cryptocurrencies.
Cryptocurrency storage.
Perpetual futures on cryptocurrency pairs.
P2P trading with fiat, with a separate section for block trades.
Copy trading: Standard Copy and Principal-Protected Copy Trading.
Futures insurance and Earn products.
TradFi trading through contracts linked to gold, stock indices, and commodities.
A referral programme and Launchpad.
The exchange is available on the web and through iOS and Android apps.
Websea advertises zero trading fees for P2P transactions. For BTC/USDT perpetual futures, the platform displays a 0.035% maker fee and a 0.06% taker fee.
Creating a personal account and verification on websea.com
Users can register with an email address or phone number. Websea offers Basic and Advanced identity verification. Completing verification raises the daily withdrawal limit, and the available verification methods depend on the user’s country or region.
Deposits and withdrawals with Websea
On the website available methods include:
cryptocurrency transactions,
P2P exchanges.
The minimum deposit amount and standard deposit fee are not specified on the website.
When withdrawing cryptocurrency, the platform calculates the fee and displays the net amount before the request is submitted. Withdrawal limits, amounts, processing times, and fees are not specified on the website.
Conclusion on Websea
Websea lists its place of registration and states that the exchange launched in 2023. The licensing statement names three countries, but the licensing authorities and document numbers are not specified. The applicable trading rate is also not indicated in the publicly available spot order form.
