In addition to the well-known names in the cryptocurrency exchange industry, a lot of traders are searching for fresh, reliable exchanges that provide safe trading environments. WhiteBIT shows up as a practical choice that is worthwhile. The purpose of this WhiteBit review is to give prospective traders a brief rundown of this cryptocurrency exchange.
Established in 2018, WhiteBIT is headquartered in Kharkiv, Ukraine, and is currently led by entrepreneur Volodymyr Nosov. The platform is constantly growing and has two licenses in Europe. It is one of the biggest cryptocurrency exchanges in Europe, with over 3 million users and accessibility in 150 countries.
WhiteBIT is dedicated to giving investors and traders a safe portal. It provides insurance, guarantees safe storage, and complies with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. The main objective of the exchange is to encourage the broad use of blockchain technology.
WhiteBIT offers a range of payment methods, including credit and debit cards, with an emphasis on speedy and easy cryptocurrency purchases. They offer two trading interfaces: PRO Trade for more seasoned users and Basic Trading for beginners, which offers basic trading data. Similar to PRO Trade, margin trading offers up to 20x leverage with a 0.098% fee for borrowed funds, as well as the option to choose leverage, view fee details, and use a profit calculator. The Exchange section makes it simple to swap cryptocurrencies at the going rate.
Via Bitcoin Global, WhiteBIT provides P2P trading with more than 100 cryptocurrencies and more than 50 payment options in 150 countries. They have recently added perpetual BTC/PERP contracts to their futures trading offering, and they offer deposit and withdrawal options for fiat currencies like USD, EUR, UAH, and KZT in addition to cryptocurrency. Please be aware that different assets have different minimum deposit amounts, and that withdrawals are subject to fees—withdrawals under $10 USDT are subject to a fee of $1 USDT. Withdrawal limits are higher for verified accounts.
With SMART Staking from WhiteBIT, users can generate impressive yearly interest rates of up to 30% on USDT and 28% on well-known assets like BTC, ETH, SOL, XRP, and DOGE. Staking periods of 10, 20, 30, 90, 180, or 360 days are available to users. Additionally, the platform provides users with a mobile application for iOS and Android that enables them to trade, buy, and access advanced charts while on the go. Traders are the application's main target audience.
WhiteBIT puts security first, following AML and KYC regulations, and keeps 96% of its assets in cold wallets. They employ a number of security measures, such as two-factor authentication and user account anti-phishing tools. While it is restricted to some regions and lacks futures and leverage, all things considered, WhiteBIT is a feature-rich, low-fee exchange that offers a secure and effective trading environment.
