What is WhiteBIT?
WhiteBIT stands out as the largest cryptocurrency exchange in Europe based on traffic, boasting more than 8 million users and a rapidly expanding ecosystem that encompasses over 30 million users across the WhiteBIT Group. Renowned for its security, WhiteBIT ranks among the safest trading platforms worldwide, as highlighted by Cer.live and Hacken. The exchange offers support for more than 325 cryptocurrencies, 9 fiat currencies, along with over 540 spot pairs and 180 futures pairs, catering to a diverse array of trading preferences.
Prioritizing security, WhiteBIT implements cutting-edge technologies such as a multi-stage elastic holding strategy and requires two-factor authentication (2FA) for all users, supplemented by additional protective features. The platform fully complies with AML regulations and follows exemplary standards for regulatory practices.
With a custom trading engine that is both scalable and capable of executing orders in real time, WhiteBIT also provides extensive APIs that facilitate third-party trading platforms and algorithmic trading. The exchange experiences over 33 million visits each month and handles an impressive annual trading volume that surpasses $2 trillion.
WhiteBIT's ecosystem is further enriched by its offerings, including Whitepay, Whitechain, White Market, WhiteEx, and GnCrypto, while also establishing official partnerships with renowned organizations such as FC Barcelona, ESL Faceit, and VISA. Additionally, WhiteBIT operates offices in seven countries and employs a workforce of more than 1,200 individuals, showcasing its significant presence in the cryptocurrency landscape.
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WhiteBIT Customer Reviews
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
My experience
Date: Sep 25 2023SummaryMy experience is quite positive, for two years there have been no problems or account blocking!
Yes, there were difficulties when it was not possible to withdraw the hryvnia and the reduction in staking interest was not encouraging, but in general everything works and new features are being added.PositiveEasy to use and test!
Good design! Over the past year the business has grown a lot both in appearance and functionality! Many convenient features have been added that make working with the exchange easier!NegativeThe hryvnia exchange rate for P2P express is lower than on spot!
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Reduction of interest on crypto deposits! Of course, frequent technical work is a little annoying, but on the other hand, this leads to the fact that the exchange began to work much better and faster.Official WhiteBIT Response -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Like their futures trading leverage and margin trading commission
Date: Aug 03 2023SummaryOverall, WhiteBIT has been great for me as a pensioner. The low fees and high leverage options give me more confidence in my trading decisions, and I feel like I have more control over my investments. It's a platform I can trust, and I'm happy to be part of the WhiteBIT community
PositiveI've been using WhiteBIT for a while now, and I must say, my experience has been positive. The best part for me is the low fee of 0.078% per day for using funds in margin trading. It's such a relief to see my profits grow without hefty fees eating into them.
And let me tell you, their leverage on perpetual futures contracts is a game-changer. With leverages of x50 and x100, I can make bigger trades and potentially earn more. It's like having a superpower in the crypto world. But risky also.NegativeOne thing that could be improved is the size of the letters on the website. As a pensioner, sometimes it's a bit challenging to read the smaller text. It would be nice if they could make it a little bigger for better readability.
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But other than that, I'm satisfied with WhiteBIT's services. It's been a reliable and trustworthy exchange for my crypto activities, and I'm glad to have found it.Official WhiteBIT Response -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Swift. Simple. User-friendly
Date: Oct 13 2023SummaryOverall, WhiteBIT does not cover all my trading goals, but a significant part of them. It would especially suit beginners, for whom simplicity and clarity is essential. But mature traders can also find the room in WhiteBIT, in my opinion.
The smooth experience of using it is a bit spoiled by troubled withdrawal. Having that solved would make WhiteBIT get closer to a 5-star rate. Yet I cannot say that those drawbacks are ultimate, as some would not even notice them, but for me they make a difference.PositiveWhiteBIT stands out by its user interface and customer support. For me, ones became the core advantages, as what I seek in exchange is versatility and user-friendliness. I could tell about fees, deposit and lending options, number of trading pairs and other basic stuff, but these are not cornerstones for me. This aspects are quite same on the most popular exchanges, but not all of them can boast of comfortable user experience. Comfort and security – this is what I prioritise, and this is what WhiteBIT delivered to me.
Customer support is responsive and ready to get down into solving issues. I had almost no delayed answers from them, and they have many channels for getting in touch – and even phone calls. It is really WhiteBIT's strongest point.NegativeWithdrawal is the aspect that makes a disappointment kick in. As direct transfer into fiat account is suspended, there are only two options left: GeoPay intermediary and P2P Express. The first one has a 5% commission, and the latter one has a bottom line of the funds. By and large, you can't withdraw small sums of money at ease or with no cost.
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