WhiteBIT is a European centralized cryptocurrency exchange, offering a secure platform for trading with competitive fees and advanced trading tools.
What is WhiteBIT?
WhiteBIT is a prominent European centralized exchange that commenced operations in November 2018. Specializing in crypto-to-crypto and crypto-to-fiat transactions, the platform boasts a 0.1% trading fee. The company holds European Exchange and Custody licenses, ensuring compliance with KYC and AML requirements. With over 4,000,000 users across the EU, South America, and Asia, WhiteBIT has positioned itself as a reliable trading platform.
Features and Functionality
WhiteBIT provides a range of features, including instant transactions facilitated by P2P codes, staking opportunities, and both private and public APIs. The platform supports various trading tools such as limit, market, stop limit, and stop market orders. Quick deposits and withdrawals are made possible through InstantSend by Dash. Users can access the full trading experience via WhiteBIT's Android and iOS apps or through TabTrader.
Founders of WhiteBIT
Volodymyr Nosov, the current CEO, founded WhiteBIT. Oleksii Kovalev serves as the vice president. Prior to launching WhiteBIT, Nosov co-founded Viva Parquet and held the position of Head of Sales Operations at PromoGroup Ltd.
Launch Date and Location
WhiteBIT was launched in Ukraine in November 2018. The company's primary location is in the capital city of Vilnius, Lithuania, as indicated on its LinkedIn page.
Restricted Countries
WhiteBIT has restrictions on users from specific countries. As of a 2019 Medium post, individuals from various regions, including the USA, Iran, Syria, and the Russian Federation, are prohibited from using the exchange.
Supported Coins
As of December 2022, WhiteBIT supports a diverse range of cryptocurrencies, with 300 currencies available in 359 trading pairs.
Fee Structure
WhiteBIT adopts a competitive flat fee structure, charging 0.10% for both makers and takers. Additionally, there is a daily fee of 0.0585% for using funds in margin trading and borrowing.
Leverage and Margin Trading
WhiteBIT provides users with the option of margin trading, offering leverage levels of 1X, 2X, 3X, 5X, and 10X. This feature enhances the trading experience for those seeking increased flexibility and potential returns.
What are the trading fees on WhiteBIT?
WhiteBIT adopts a competitive flat fee structure, charging 0.10% for both makers and takers. Additionally, there is a daily fee of 0.0585% for using funds in margin trading and borrowing.
Does WhiteBIT offer leverage trading?
WhiteBIT provides users with the option of margin trading, offering leverage levels of 1X, 2X, 3X, 5X, and 10X. This feature enhances the trading experience for those seeking increased flexibility and potential returns.
Is WhiteBIT safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
