Summary
WhiteBIT is an Estonian-based crypto exchange that is continuously expanding and has introduced a variety of advanced capabilities that have helped them gain popularity among cryptocurrency traders
-
Reputation
-
Customer Support
-
Fees
-
App Design
-
Ease of Use
Whitebit is an Estonian-based crypto exchange established in 2018. The platform ranks as #36 with an average 24-hour trading volume of £356,448,303 GBP, 154 markets, and above 160 pairs ready to trade in USD, EUR, RUB, TRY, and GBP across the globe. WhiteBIT allows users to buy, sell, and trade over 107 different cryptocurrencies.
The platform is continuously expanding and has introduced a variety of advanced capabilities that have helped them gain popularity among cryptocurrency traders worldwide due to their user-oriented approach. WhiteBIT distinguishes itself from other exchanges by having licenses to trade fiat and cryptocurrencies.
WhiteBIT exchange is a global crypto exchange and trading platform. For the crypto industry, the platform has its own GitHub solution and a TradingView online terminal. WhiteBIT platform offers Limit and Market Orders, on top of that also Stop-Limit, Stop-Market, Conditional-Limit, and Conditional-Market Orders on Spot trading.
Margin trading includes Limit, Market, and Trigger-stop-market orders. On this reputable trading platform, margin trading is available with a leverage of 5x. The platform has a customizable interface, and with the help of this interface, traders utilize indicators, see candlestick charts, and a market depth graph.
Users can utilize both public and private REST APIs on WhiteBIT. Market data, such as the current order book, recent trading activity, and transaction history, is available through public REST APIs. On the other hand, Private REST APIs allow users to handle both orders and funds.
The platform also enables users to stake their coins on the exchange for a specific period and earn staking rewards. The platform also offers a referral program where users invite other users to the platform through links and get a 40% commission on their trades.
The WhiteBIT exchange does not use the traditional taker and maker fee structure. The WhiteBIT platform charges a fixed fee of 0.10 %, much less than the industry average of 0.25 %.
Traders can select from 160 crypto and fiat pairings, including BTC/USD, BTC/USDT, BTC/RUB, and BTC/UAH. For deposits and withdrawals, Visa and MasterCard, as well as Advcash, Qiwi, Mercuryo, Geo-Pay, Interkassa, monobank, and Perfect Money, are accepted. The platform charges no deposit fee for fiat and crypto deposits, and the withdrawal fee varies with assets and is relatively low.
The platform takes security seriously and holds 96% of the assets in cold storage. The security measure of WhiteBIT includes two-factor authentication, IP detection, biometric confirmations, and anti-phishing software to protect users and their crypto assets.
Pros
- Dozens of altcoins available
- Large trading volume and high liquidity
- Basic trading for beginners, spot and margin, P2P exchanger, and free multicurrency account
- A simple and profitable system for investing in Blockchain projects of crypto exchange affiliates
Cons
- No call centre for support
- No advance trading
- No alternative investment option
- No educational resources
Whitebit Details
Devices Compatability:
- Desktop
- Android
- iOS
- Tablet
Deposit Methods: Visa, MasterCard, Advcash, Qiwi, Mercuryo, Geo-Pay, Interkassa, monobank, and Perfect Money
Withdrawal Methods: Visa, MasterCard, Advcash, Qiwi, Mercuryo, Geo-Pay, Interkassa, monobank, and Perfect Money
Withdrawal Limits: 100USD/ daily
Restricted Countries: Afghanistan, Iraq, Iran, Yemen, Libya, Pakistan, Palestine, Somalia, Syria, and Sudan
Final Thoughts
WhiteBIT is an Estonian-based crypto exchange that is continuously expanding and has introduced a variety of advanced capabilities that have helped them gain popularity among cryptocurrency traders. The platform offers margin trading, GitHub solutions, TradingView online terminal, limit orders, and stop orders. The platform has a customizable interface, and with the help of this interface, traders utilize indicators to see market depth graphs and candlestick charts. The staking opportunity is also available on the platform, and users can earn high staking rewards. The platform is highly is secure, with several digital and fiat assets for trading.