WhiteBIT has recently emerged as a modern-day innovative trading platform serving cryptocurrency traders in the mainstream market. Apart from simplifying the trading process, the platform has added value by introducing additional concepts, such as investment and cryptocurrency staking, ensuring that users don’t have to look for related services elsewhere.
Are you considering giving your crypto investment a try on this platform? If you answered yes, this WhiteBIT review is all you need to read so you can make up your mind. Our in-depth WhiteBIT review provides a clear picture of the platform and gives you an idea of what to expect once you sign in.
WhiteBIT Exchange Review: At a GlanceFeaturesWhiteBITFounded2018Founders Volodymyr NosovHeadquartersVilnius, LithuaniaBest Forcrypto-to-crypto, crypto-to-fiat transactions, margin tradingTrading FeaturesSpot, margin and leveraged trading, crypto lending, WhiteBIT coin (WBT), WhitePay, WhiteSwapNumber of trading pairs780+ (and 180+ futures pairs)Fiat currencies supported9 fiat currencies including USD, EUR, ZAR, JPY, IDR, GHS, MXN & moreSupported cryptocurrencies330+ including BTC, ETH, BCH, BNB, TRX, DAI and many moreFees0.1%Deposit methodsVisa, Mastercard, ZEN, Volet.com, Google Pay, Apple Pay, SEPA, SEPA Clear Junction, B2B SEPA Clear Junction, SEPA FINCIMaximum leverage10x for margin trading and 100x for futures trading, specifically for perpetual Bitcoin contracts.RegistrationsSpain, Lithuania, Poland, the Czech Republic, Bulgaria, Italy, Kazakhstan, Turkey, Georgia, Croatia, Australia, and Switzerland.Security2FA, KYC, Login Logs, Transaction Logs, passkeyCustomer supportEmail, live chat bot, and voice supportMobile AppYes, both Android and iOS devices.What is WhiteBIT?
WhiteBIT is a centralized cryptocurrency exchange that was launched in 2018, by Ukraine born Volodymyr Nosov. Headquartered in Lithuania, it has amassed a rapidly growing user base spread across more than 190 countries. WhiteBIT’s mission was to introduce a secure, reliable, and transparent cryptocurrency trading platform that could engage with established exchanges already operating in the European and international cryptocurrency market. By adhering to existing market standards and practices, Nosov has demonstrated a continued commitment to the industry, earning a platform that fosters increased user trust and regulatory compliance.
The exchange offers three trading desks: margin, spot, and futures trading. It supports over 300 crypto assets and more than 780 trading pairs. WhiteBIT runs an enormous ecosystem that includes its own WhiteBIT blockchain, the WhiteBIT Coin (WBT), a mining pool, a decentralized exchange (DEX), and WhiteBIT Nova debit card.
Moreover, users can enjoy convenience and flexibility through numerous payment options. This includes depositing in USD and EUR fiat currencies, as well as credit cards and Apple Pay. WhiteBIT also integrates seamlessly with Web3 wallets, enabling users to engage with decentralized finance (DeFi) platforms while enjoying the security features associated with centralized exchanges (CEXs).
That platform has undergone numerous security audits to ensure it maintains the highest level of exchange security. It has recently earned the coveted AAA security rating from CER.live, placing it as one of the safest cryptocurrency exchanges globally. Operating in a market that has long been dominated by industry giants such as Coinbase, Kraken, KuCoin, and Binance, WhiteBIT has differentiated itself by integrating robust security features and ease of use.
WhiteBIT is known for its easy-to-use yet advanced tools that are ideal for both beginner and expert traders. WhiteBIT, which is Europe’s largest cryptocurrency exchange by traffic, is also the official sleeve partner and official crypto exchange for Italian football club Juventus. The firm is also an official partner of FC Barcelona, the Ukrainian national football team, FC Trabzonspor, and FACEIT.
Pros
- The platform supports Bitcoin and several leading altcoins and crypto tokens, as well as over 10 fiat currencies, including the EUR and USD.
- The platform boasts high liquidity, offering a large trading volume and a robust security system.
- The exchange features a user-friendly interface that makes it ideal for beginners seeking to understand spot and margin trading, offering them a peer-to-peer (P2P) exchanger and a free multicurrency account.
- It offers various options for withdrawing and depositing funds using e-wallets and fiat currencies through bank transfers and Debit/Credit cards.
- The firm operates a simple and easy-to-understand profitable affiliate program that helps users monetize their audience and earn rewards for every user they refer.
- WhiteBIT gives a competitive commission of 0.1% on the entire traded amount, with no additional or hidden fees or charges.
- Users can enjoy learning via FAQs on blockchain technology and basic crypto trading in addition to a demo token that facilitates education and training.
- Advanced features include the WhiteBIT Earn program and the Passive income option with high interest from over 400+ trading pairs.
Cons
- Limited customer support as communication with the exchange can only occur through the company’s website and email.
- The platform doesn’t offer a specific advanced training program for traders apart from the one on crypto lending and staking.
