WhiteBit
review and rating
Ukraine
WhiteBit
review and rating
Ukraine
About WhiteBIT
WhiteBIT, launched in November 2018, is a European centralized exchange that facilitates cryptocurrency-to-cryptocurrency and cryptocurrency-to-fiat transactions, all while charging a low trading fee of 0.1%.
Holding Exchange and Custody licenses in Europe, WhiteBIT adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The platform boasts a user base exceeding 3.5 million individuals, hailing from the European Union, South America, and Asia.
WhiteBIT offers rapid transactions through P2P codes, staking opportunities, both private and public APIs, and a variety of trading tools encompassing limit, market, stop limit, and stop market orders. Deposits and withdrawals are executed swiftly through Dash's InstantSend feature.
Pros:
- Security: Like many reputable exchanges, WhiteBIT emphasizes security measures such as two-factor authentication (2FA) and cold storage for the majority of user funds.
- User-Friendly Interface: WhiteBIT is designed to be user-friendly, making it accessible for both beginners and experienced traders. The platform provides tools and features to assist users in their trading activities.
- Fiat Support: The ability to deposit and withdraw fiat currency can be an advantage for users who prefer dealing directly with traditional currencies.
Cons:
- Limited Trading Pairs: While WhiteBIT offers a variety of cryptocurrencies, the number of trading pairs may be more limited compared to larger exchanges.
- Regulatory Compliance: Cryptocurrency exchanges face varying degrees of regulatory scrutiny worldwide. It's essential to consider the regulatory environment surrounding WhiteBIT, as changes in regulations can impact the platform's operations.
- Customer Support: Like many exchanges, WhiteBIT's customer support may face challenges during peak times. Some users have reported delays in response times.
200+
Coins
2.6m
Weekly visits
$400m+
Daily volume
About WhiteBIT
WhiteBIT, launched in November 2018, is a European centralized exchange that facilitates cryptocurrency-to-cryptocurrency and cryptocurrency-to-fiat transactions, all while charging a low trading fee of 0.1%.
Holding Exchange and Custody licenses in Europe, WhiteBIT adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The platform boasts a user base exceeding 3.5 million individuals, hailing from the European Union, South America, and Asia.
WhiteBIT offers rapid transactions through P2P codes, staking opportunities, both private and public APIs, and a variety of trading tools encompassing limit, market, stop limit, and stop market orders. Deposits and withdrawals are executed swiftly through Dash's InstantSend feature.
Pros:
- Security: Like many reputable exchanges, WhiteBIT emphasizes security measures such as two-factor authentication (2FA) and cold storage for the majority of user funds.
- User-Friendly Interface: WhiteBIT is designed to be user-friendly, making it accessible for both beginners and experienced traders. The platform provides tools and features to assist users in their trading activities.
- Fiat Support: The ability to deposit and withdraw fiat currency can be an advantage for users who prefer dealing directly with traditional currencies.
Cons:
- Limited Trading Pairs: While WhiteBIT offers a variety of cryptocurrencies, the number of trading pairs may be more limited compared to larger exchanges.
- Regulatory Compliance: Cryptocurrency exchanges face varying degrees of regulatory scrutiny worldwide. It's essential to consider the regulatory environment surrounding WhiteBIT, as changes in regulations can impact the platform's operations.
- Customer Support: Like many exchanges, WhiteBIT's customer support may face challenges during peak times. Some users have reported delays in response times.
200+
Coins
2.6m
Weekly visits
$400m+
Daily volume
More information about WhiteBit
WhiteBit is a Ukraine-based centralized cryptocurrency exchange that provides a platform for cryptocurrency trading and a range of related services.
Launch Date:
WhiteBit was introduced in November 2018, making it a relatively new entrant in the cryptocurrency exchange arena.
Exchange Services:
WhiteBit serves as a cryptocurrency exchange where users can engage in crypto-to-crypto and crypto-to-fiat trading. The platform facilitates the exchange of various digital assets.
Trading Fees:
WhiteBit offers competitive trading fees, charging a flat 0.1% fee for both makers and takers in trading transactions.
Regulatory Compliance:
The exchange holds European Exchange and Custody licenses, signifying that it adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. These licenses demonstrate a commitment to regulatory compliance and user security.
User Base:
WhiteBit claims to have attracted a substantial user base of over 3.5 million individuals, primarily from regions in the European Union, South America, and Asia. This points to the platform's global reach and user diversity.
Trading Features:
WhiteBit offers an array of trading features, including options for limit, market, stop limit, and stop market orders. It also allows for margin trading and staking.
Instant Transactions:
The platform provides users with the ability to conduct instant transactions using P2P codes. Additionally, quick deposits and withdrawals are facilitated through Dash's InstantSend functionality.
Fee Structure:
In addition to trading fees, WhiteBit charges a daily fee for using funds in margin trading, which is set at 0.078%.
Restricted Regions:
WhiteBit has specified a list of restricted regions where individuals are not permitted to use the exchange. These restrictions are in place for regulatory and compliance reasons.
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