Wallet Wizard Review 2020 – Is It Any Good for Australians

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Wallet Wizard Review

Well you just came to the right place.

Long story short: We recommend Swoosh instead of wallet wizard.

Name Interest Rate (p.a.) Loan Features Review
From 35% $2000 or more + 5 Minute Application GO TO SITE

Reviewing Wallet Wizard

Wallet Wizard – whose parent company is Credit Corp Financial Service – is an Australian financial institution. It specializes in loan provision services to borrowers in need of extra credit to meet their demands.

Just like any other loan providers, Wallet Wizard charges interest on the loans they offer.

Application for a loan from Wallet Wizard can only be done online.

This is because they don’t operate bank branches.

When unexpected expenses or emergency needs come your way, you may consider taking a loan. If you are looking at the Wallet Wizard direction but you aren’t entirely informed about it, worry not. This article has got you covered, just don’t set your eyes off it.

Be it TV commercials or magazine adverts, most lenders don’t paint the whole picture about the services they provide. Usually it is because they don’t want to disclose some details. More so, those that may turn the customer’s eyes off the sweet deal.

All the same, this article takes care of that. Let’s get to it then.

How Wallet Wizard works

Wallet Wizard not only provides loans but also offers prepaid cards to customers. You can borrow any sum of money ranging between $500 to $5000 from Wallet Wizard. It all really depends on your needs.

The Annual Percentage Rate of loans from Wallet Wizard was set at 47.8% starting on the 08 th December 2020.

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A while ago Wallet Wizard discontinued their small cash loan services. At the moment, they offer Smart loan product services.

Wallet Wizard does credit history assessment while approving loans. However, an individual with a bad credit history can still apply and get a loan. Customer services are provided all day, each day of the week (24/7). You can reach them through Wallet Wizard’s contact number or email address available on the website.

Wallet Wizard refers to the personal loan they offer as ‘Smart loan’. Applying for the loan through their website is easy and quick. Also, they allow cash redraws. With Wallet Wizard, you don’t incur establishment, ongoing or service charges. Instead, they charge high interest rates for the loan. This way, Wallet Wizard doesn’t make losses. After all, it is a financial institution and losses are bad for business.

Enough of the overview lets dig into the flesh of these Smart Loans.

Wallet Wizard Smart Loans

Wallet Wizard smart loans range between $500 to $5000 and attracts interest at the rate of 47.8%. Loan access time after application is averagely 3 hours (on business days). However, it depends on the time of contract acceptance. The loan term period is up to 2 years.

The application process itself is a few minutes task. If your loan application is successful, you’ll have funds transferred to your account. As you use your loan, you’ll see your available balance.

Available balance is usually the amount you owe Wallet Wizard. You can easily calculate your available balance. It is the difference between the credit limit and credit account balance.

Wallet Wizard, on top of quick loans, affords you

  1. Advice and recommendations, should you want to invest part or all of the borrowed amount
  2. Redraw access to your available credit
  3. Security and privacy to your loan information such that only you can access your data
  4. Additional customer support services if you have inquiries that can only be answered in person (during Wallet Wizard business hours)

Even with bad credit Wallet Wizard can still offer you the help you need. This is because the approval criteria used doesn’t consider the credit history of the applicant. Instead, it considers the financial situation of the applicant. Wallet Wizard will calculate the maximum loan amount you can apply for with bad credit.

Wallet Wizard uses a system where all the applicant’s information is processed quickly to determine if they can get a loan. The system, Smart loan engine, is fast. In some rare cases, however, it takes a little while longer. For instance, if there are extra bits of information to be assessed.

In case you can’t make the repayment on time, get in touch with Wallet Wizard through their contact number (1300 925 538). A mutual agreement will then be reached on how to go about it.

Features of Wallet Wizard Smart Loan

  • Loan repayments are debited directly from your account on the scheduled dates. You are given notice three days before the due date through your email or text message.
  • You can still make additional payments if you so wish without being charged. This will help you clear your loan quickly
  • Through the member’s area, you can order a Wallet Wizard card. The card allows you to access your funds easily.

Pros of getting a Smart Loan from Wallet Wizard

Once your loan application is approved and successful, you will get the money you needed. The money is deposited in your account. Here are the benefits of choosing to get a loan from Wallet Wizard:

  • The loan repayment term for Smart loans from Wallet Wizard is long (up to 2 years). This allows you to make little payments spread over the term as you clear the loan.
  • Wallet Wizard gives you access to redraw your funds.
  • The least amount you can borrow is low, $500.
  • You can make additional payments on top of the scheduled payments.

Cons of Wallet Wizard Smart loan

  • Wallet Wizard Smart loans can only be applied online through their website. As such, there is no branch physical access.
  • Since Wallet Wizard doesn’t impose charges like establishment and service, they charge very high interest rates.

Smart Loan Eligibility

To qualify for a smart loan from Wallet Wizard, you have to meet some requirements. You have to:

  1. Be a permanent resident of Australia
  2. 18 years of age or older
  3. Be receiving steady income

You can still apply for the Smart loan if you receive Centrelink benefits. Current or discharged bankrupts are also eligible to apply.

Wallet Wizard loan application process

You can apply for the loan once you meet the eligibility criteria. Below is a guide.

Wallet Wizard smart loan application can only be done online. Thankfully don’t have to worry about long queues, boring meetings or tedious paperwork.

Head to the Wallet Wizard website and slide on the Wallet Wizard loan calculator the amount you wish to borrow. Proceed to fill in the application form that will be presented to you.

Wallet Wizard requires the following information to approve your loan

  • Legal name, contact number, and date of birth
  • Residential address
  • Identity details

You will also be required to provide a copy of your bank statement. It will be used to approve your loan request. Submit the loan application form once you have completed filling in all the required details. Wallet Wizard will review your application using the Smart Loan engine and get back to you.

The approval process only takes a few minutes. However, if there are additional details to be checked and verified, the process might take more minutes.

Wallet Wizard will set a credit limit and a payment schedule that suits you using the information you will have submitted. You will be provided with a contract if your loan application is successful. Read keenly through the contract as it contains all the loan details including repayment terms, fees, and charges. Make sure you don’t miss a thing especially concerning the charges and terms.

Getting the money transferred to you

If you are comfortable with the contract go forward and accept it. Wallet Wizard will transfer the money to you within 60 minutes or the next business day depending on the time you accepted the contract.

For instance, if your loan approval and contract acceptance happen before 2:30 PM (Sydney time) during a business day, Wallet Wizard will do the transfer within an hour. On the other hand, if the contract acceptance is after 2:30 PM (Sydney time) or outside Wallet Wizard business hours, the transfer will happen on the next business day.

Smart loan Repayment

Wallet Wizard sets terms that suit you based on the information you provide. They make certain that the repayment plan is in line with your income in order to avoid a financial burden on you.

Three days before the repayment scheduled date, Wallet Wizard will send you a Statement of Account. On the due date, the repayment amount is directly debited from your bank account.

Sometimes not everything works out perfectly when repaying the loan. For various reasons, you may be unable to make your scheduled payments on time. If you find yourself in such a fix, contact Wallet Wizard ahead of time.

Through Wallet Wizard you can quickly get the credit you urgently need. However, it’s advisable to consider other options beforehand.

Bitcoin.com.au

What is a bitcoin wallet?

If you plan on buying, trading or using bitcoin or any cryptocurrency, a wallet is a necessity. In this guide we’ll discuss the types of Bitcoin wallets and why you may choose one over the other.

As bitcoin and other cryptocurrencies are digital assets, the way they are used and stored differs from traditional currencies. A crypto wallet should be looked at as a way to access the cryptocurrency you own, as well as a way to send and receive it. Wallets can be on your mobile device, on your desktop, a physical hardware device that you can carry with you or even a piece of paper.

Like all crypto wallets, a bitcoin wallet has both a private key and a public bitcoin address. The private key is what you use to access your public key or bitcoin address and interface with the bitcoin network. This can simply be thought of as your pin and is most commonly presented to the user as a 12-word passphrase. These words, or pin, will mean you can access your cryptocurrency wallet from anywhere. If you lose your wallet, you can use your passphrase to recover it.

The public key or address can be used to send and receive bitcoin or BTC between parties.

Why do I need a wallet?

Before purchasing bitcoin, you’ll need to set up a wallet to store them. In this guide we’ll discuss types of Bitcoin wallets and why you may choose one over the other. Wallets can be on your mobile, on your desktop or even physical hardware than you can carry with you. When you set up your wallet, you will have what is known as a private key which functions as the password to access your Bitcoin. As you complete a transaction, you will then receive what is known as a public key, which connects you from one Bitcoin user to another. Please note: Never purchase a wallet on eBay. Someone may be attempting to sell you a wallet that has been tampered with to steal your bitcoin. Remember, regardless of which wallet you choose, keeping your bitcoin secure is most important.

Mobile Wallets

(Recommended if you own under $1000 worth of bitcoin)

  • Free and easy to set up
  • Accessibility: Your money lives directly on your smartphone or laptop.
  • Convenience: Using Bitcoin mobile wallets allows you to send and receive bitcoins by scanning a QR code.
  • Mobile and Desktop wallets are not secure enough to store large amounts of bitcoins.

Recommendations

  • Download Edge wallet here. Edge is a mobile cryptocurrency wallet available for Android and iOS. The wallet offers in-app buy and sell, and in-app exchange between cryptocurrencies, and advanced security features. Great for both beginners and advanced users looking for an all-in-one wallet.
  • Blockchain Wallet for iPhone and Android users. It is easy and quick to set up for beginners; just download from the App Store and you are ready to go in minutes. Here is a quick video demonstration of setting up a Mobile Bitcoin Wallet

Desktop Wallets

  • Free and easy to set up
  • Accessibility: Your money lives directly on your smartphone or laptop.
  • Convenience: Using Bitcoin mobile wallets allows you to send and receive bitcoins by scanning a QR code.
  • Mobile and Desktop wallets are not secure enough to store large amounts of bitcoins.

Recommendations

We recommend Exodus as a desktop wallet. It is one of the most secure and convenient software wallets.

Physical Hardware Wallets

(Recommended if you own over $1000 in bitcoin)

  • Security: Hardware wallets, also referred to as cold storage, have been designed to protect your private keys from malware, virus and phishing. They are the most secure way to store your bitcoins.
  • Portability: It can be connected to any Windows, Linux or Mac machine as an external device. You can use it anywhere in the world with any machine.
  • Extensibility: It is compatible with different wallets: MultiBit HD, Mycelium and others.
  • Price: They aren’t free, but they are a necessary expense if you’re holding larger amounts of bitcoin.

Recommendations

We recommend Ledger Nano S TREZOR, which are renowned for their security and ease of use.

Paper Wallets

Paper wallets are different from the other types of wallets and are often described as the most secure way to store your cryptocurrency. Unlike online wallets, this form of bitcoin storage is completely offline and physical, giving you full control. A paper wallet is exactly how it sounds, a piece of paper that contains your private key and public address, usually printed in the form of a QR code. Being a physical form of storage, it means you must take extra care to protect the paper. People with paper wallets often laminate the paper, or place it in a tamper-proof envelope and then within a safe to keep it completely safe and secure.

Binary Options in Australia

The #1 Binary Options Trading Guide for Australian investors. On this website you will find strategies, tips and the best Australian Binary Options broker reviews.

Start trading 100+ stocks, currencies, commodities and indices. You should start by picking one of the trusted brokers at the top of this page.

Where To Start?

  • HighLow Review: Highlow is one of the best trading platforms. The company is registered in Australia and they have an Australian ASIC license.
  • EasyMarkets Review: One of the best Australian brokers. They don’t offer binary options trading, however you can trade CDFs on forex, commodities, cryptos and indices.

More and more Australians are looking for the best binary options brokers. That’s no wonder, considering the success and ever-growing popularity, that binary options trading has at the moment.

One of the fastest and easiest ways of earning profits is to use binary options trading here in Australia. It is also possible for you to earn bonuses and other great extras.

The best alternatives to binary options brokers are Forex Brokers, CFD Brokers and Bitcoin Brokers.

There are some brokers that are regulated in Australia, while others are regulated in Cyprus, Europe, but they all accept Australian traders. In addition, they even accept all the payment methods preferred by Australian traders.

If you don’t have a trading strategy yet or if you want to try auto-trading then we recommend BinBotPro.

Forex, Cryptocurrency and CFD Trading For Australians

Name Min. Deposit AU License Features Review
$100 YES + ASIC License FREE ACCOUNT

What Is Forex Trading?
The best alternative to binary options trading is Forex/CFD/Crypto trading. Forex has been around for longer than binary options, and there are many safe and licensed forex brokers.

The main difference between forex and binary options is that with forex there are no limits to how much money you can make or lose. Of course there are tools to control this (like stop loss). Also you are not limited to any timeframe. You decide when you want to open or close a trade. Forex is more flexible than binary options.

Best Binary Options Robot For Australians

Name Min. Deposit Max Returns Features Review
AU$250 90% + FREE SOFTWARE FREE ACCOUNT

What Is A Binary Options Trading Robot?
If you are looking for an automated way to trade binary options, then a trading robot is for you. With these robots, you can trade even when you sleep. Just make the necessary settings in the software and start trading. The BinBotPro software is free, if you sign up through one of their recommended brokers.

Yes, there are no laws that restrict binary options trading to Australians. Most brokers that we recommend on this website have an ASIC license, which means that they have an official license in Australia. Most of these brokers have their headquarters in Australia. Take a look and compare all licensed binary options brokers and pick one that you think suits you most. Make sure you sign up with one of the top binary trading sites for Australians.

We recommend that you pick a broker with an Australian Securities & Investments Commission (ASIC) license. This way to can make sure that your funds are safe.

Binary Options Trading for Australians

We will show you how to get started with binary options trading. After you have picked a broker, registered and logged in, a drop down menu will appear on the screen as follows:

  • Select an asset and time of expiry for your binary option.
  • Click on assets and a list will appear with their expiry time.
  • Once you have analyzed the information, press the select on your chosen asset.
  • Next you need to choose either Call or Put option. When you have done this, a current price will appear on the screen. It will also show you the expected payout on your investment letting you see how much profit or loss is involved.
  • Put in the amount of cash you want to invest. You can base this on the amount of money you will make if the option expires in the money.
  • When the time has expired you will see n the screen the price of the asset. You will then be able to see if you have made or lost money. If you have predicted correctly and your binary option expired in the money you will get the money projected in the initial investment. If you have predicted wrongly, and you end up out of the money, many of the brokers in binary options trading Australia will refund 15 per cent of the money you invested.

Online binary options brokers make it simple for you. These types of brokers are not middlemen in that there is no bargaining with them and they are not paid any commissions. In Australia, they also call them binary options trading platforms. These brokers are well set up in the financial markets and their support is usually very friendly and responsive. Everything is made easy for you as there are no agents to deal with making it a good investment option.

Trading options in your country is as easy as signing up and depositing with your favorite payment method. Most binary options brokers accept all credit and debit cards, bank wire and skrill, but you can find our more about the best binary options brokers that accept all payment methods.

The first step is to register and in no time you will be an investor on an online brokerage, but before starting to trade it is worth your while to read the training guides. There is no registration fees required from the majority of brokers. You do, however, need to open an account at the time of registration and make an initial deposit. Once this is done, you are ready to start investing.

You are now trade in binary options trading Australia from anywhere as long as you have an internet connection. Enter the site of your broker and immediately begin to deal electronically.

Best Binary Options Broker In Australia

HighLow is the most popular and trusted Australian binary options broker. All traders get a special welcome bonus. This broker offers a huge variety of payment methods and their support team is top notch. > Find out more

Other Good Binary Options Brokers Australia

VantageFX is one of the best AU binary options brokers, because it is actually based in Australia. You can’t go wrong with this company, because it is considered to be the safest choice. The minimum deposit is only $100 for a limited time. > Find out more

Binary Options Trading Australia

Binary options is a completely electronic or digital method of trading, without any hassle and you can make huge profit in one day as the turnover is hourly. Another benefit is that there is no need for you to be a financial or economic genius. All relevant information is displayed on the screen and is user friendly, enabling you to make a decision.

If you are unsure where to start, you can check out binbotpro the auto-trading binary software.
Here is a list with all binary options brokers that accept Australian traders (we only recommend the licensed brokers):

Name Bonus Deposit Payout % Visit
HighLow 100% AU$50 200% Visit Broker
VantageFX 100% AU$100 85% Visit Broker
BinBotPro 100% AU$250 90% Visit Robot

Best International Binary Options Broker

Finrally accepts traders from all countries including Australian traders. They have a great welcome bonus of up to $250 on your first deposit. Finrally does not have an ASIC license but offers a better bonus and more assets to trade. The minimum deposit is $250 and the average payout is 90%. Sign up here.

Binary Options Signals Australia

If you are new to binary options trading and you don’t have a winning strategy yet, you can always try a binary options signals service, also called binary options robot. These signals will give you ideas on which assets you should invest next. Some binary signal providers have success rates of

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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