What Is Ferriswheel.finance?

If you’re new to the world of crypto exchange, welcome, we’re happy you’re here. Ferriswheel.finance is a cryptocurrency brokerage. This means we take your orders and execute them against one or many of our cryptocurrency liquidity providers.

Our crypto trading platform may be a lot of things, however, Ferriswheel.finance is not:

✗ A wallet

✗ A bank

✗ An investment fund or advisor

✗ A shop

Ferriswheel is not a wallet

We provide clients the ability to deposit funds to our corporate hot and cold wallets for safekeeping while the funds are being exchanged or used for trading, but we do not provide a personal wallet service.

Ferriswheel is not a bank

Cryptocurrency exchanges do not qualify for deposit insurance programs for each of their clients because exchanges are not savings institutions. This means that funds should only be sent to exchanges for exchanging or trading, not for saving.

Ferriswheel is not an investment fund or advisor

Listing a cryptocurrency on our exchange does not constitute an endorsement by Ferriswheel, nor in any way a recommendation to buy (or sell) the asset or participate in the associated network. While we do extensive research in our evaluation of an asset before listing, we focus on aspects of the project’s legitimacy (it is not illegal and not a scam), and on the security and reliability of the settlement layer (our risk in allowing deposits and withdrawals of the cryptocurrency). Our research does not in any way consider whether the price is justified, or likely to go up or down in the future. Do your own research and invest at your own risk.

Ferriswheel is not a shop

We are not the one selling or buying cryptocurrencies from you. This means that:

  • If you mess up an order, we cannot undo or "refund" it.
  • We have no control over price.

Prices on exchanges are based on user activity. If there are more or larger sell orders than buy orders, the buy orders start running out faster and this causes the price to go down. If there are more or larger buy orders than sell orders, the sell orders start running out faster and it causes the price to go up. This also explains why prices across exchanges are never exactly the same, as they have different clients with different activity.

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