Company Background and History
WhiteBIT is a relatively new player in the cryptocurrency exchange market, which quickly gained its share of the market not long after its founding in 2018. Despite its “youth”, the crypto exchange is rapidly gaining momentum both in terms of trading volumes and services provided, primarily focusing on the highly competitive European market. The WhiteBIT exchange is headquartered in Estonia within the legal regulation of this country and focuses on security, matching services to the needs of clients.
Key Features
User Interface and Ease of Use
The interface of the WhiteBIT crypto trading platform is clear and simple, making it easy for users with any level of experience to access the platform’s wide variety of series, tools and features. The design of WhiteBIT crypto combines ease of use and accessibility, as well as the efficiency of all its functions.
Supported Cryptocurrencies
WhiteBIT allows its clients to trade a wide range of cryptocurrencies, including the most popular ones such as Bitcoin and Ethereum, Solana, BNB coin. The platform has also joined the general trend of launching its own WhiteBIT token (WBT), which gives users certain advantages when using the platform’s functions. A wide variety of trading assets, as well as a wide list of services for successful trading attracts a lot of attention from traders around the world.
How to Trade
- Spot Trading: WhiteBIT offers an efficient and diverse spot trading experience with numerous trading pairs.
- Margin Trading: The platform allows traders to take advantage of margin trading using relatively high leverage, which greatly expands trading opportunities.
- Futures Trading: On WhiteBIT, traders and investors can also speculate on future cryptocurrency prices by opening futures contracts.
Staking and Earning Opportunities
Staking is an integral part of the functionality of crypto exchanges and the WhiteBIT crypto platform is no exception. The crypto platform offers various and flexible steaking programs also depending on WhiteBIT token price, as well as other passive income opportunities.
Security Measures
Two-Factor Authentication (2FA)
WhiteBIT exchange also cares about the security of its clients’ assets and personal data right after WhiteBit sign up. The platform requires mandatory two-factor authentication (2FA) for various transactions with its assets. This is a necessary additional security measure that guarantees reliable protection of WhiteBIT users’ accounts from unauthorized intrusion.
Cold Storage
A significant part of WhiteBIT’s own assets, as well as users’ funds, are stored on cold wallets. This is an effective must-have solution that significantly reduces the risk of online hacking of the platform and loss of users’ funds.
User Fund Protection
In addition to best practices for securing clients’ assets and personal data, WhiteBIT API also utilizes robust security protocols to form a multi-layered security system. The company also protects users’ funds through insurance policies and reserve funds.
Fees and Charges
Trading Fees
The platform forms and continues to improve a competitive trading fee system, which adapts depending on the market situation and trading volumes on the platform itself. WhiteBIT also offers various discounts, incentives and benefits for traders with high trading volumes, as well as loyalty program members and those who hold the company’s native tokens.
Deposit and Withdrawal Fees
WhiteBIT also follows a policy of minimum deposit fees and provides users with a transparent and open commission structure. Thanks to this approach, users can immediately calculate how much they will spend on WhiteBIT withdrawals fee and WhiteBIT deposits to their account.
Customer Support and User Experience
WhiteBIT exchange also places a special emphasis on efficient and comprehensive customer support, and WhiteBIT affiliate program especially for those who are new to the world of cryptocurrencies. The platform provides constant support to its clients at every step of interaction with the platform and crypto trading.