WhiteBIT

WhiteBIT is a leading European platform for exchanging cryptocurrencies for fiat money, bringing together over 2 million users and a team of more than 450 professionals. The company strictly adheres to KYC and AML regulations, aiming to facilitate the widespread adoption of blockchain technologies and expand the cryptocurrency community by providing a secure and user-friendly platform for trading. Its mission is to promote blockchain technology and simplify access to the cryptocurrency market for a broad audience.

WhiteBIT was founded in 2018 in Ukraine.

WhiteBIT offers a powerful combination of security, low fees, and a wide range of trading tools, making it attractive to a broad spectrum of users from beginners to professionals. However, like any platform, it has its limitations and requires careful consideration before use.

Features of WhiteBIT

Compliance with KYC and AML: WhiteBIT requires user verification to ensure compliance with international standards.
API for developers: The platform offers advanced API solutions, allowing for the integration of trading operations into third-party applications.

Advantages of the WhiteBIT Platform

Security: Security of assets is a central focus at WhiteBIT, where 96% of digital funds are stored in secure cold wallets, and the WAF system actively combats hacker attacks.
Speed: Modern trading technologies and deal reconciliation mechanisms ensure high-speed deposit and withdrawal operations, as well as efficiency in order management.
Insurance Fund: Protection of client funds is supported by an insurance fund, formed from transaction fees, ensuring additional investment security.
Low Fees: The platform features some of the lowest fees in the market, not exceeding 0.1%, regardless of the transaction volume, be it 50 BTC or $50.
Flexibility: Flexibility of operations on the platform is supported by the availability of both private and public APIs, allowing for the management of assets between the main and trading balances, as well as the placement and cancellation of orders with maximum convenience.
Wide Range of Trading Pairs: Users can trade a multitude of cryptocurrencies and fiat currencies, making the platform convenient for various trading strategies.

Disadvantages of WhiteBIT

Limited Access in Some Regions: Due to strict regulatory requirements, users from certain countries may face access restrictions.
Complexity for Beginners: New users may find it challenging to navigate all the platform's features due to its extensive functionality and professional tools.

Registration Process on WhiteBIT

Account Creation: You need to fill out the registration form on the website, specifying an email and password.
Email Confirmation: After registering, you must confirm your email by following the link in the email from WhiteBIT.
Verification: To access all platform functions and remove deposit/withdrawal limits, you must complete the KYC procedure by uploading documents that verify your identity.

Deposit and Withdrawal Methods

Fiat Currencies:

Users can deposit and withdraw fiat funds through bank transfers, credit and debit cards, as well as selected electronic payment systems.

Cryptocurrencies:

Deposits and withdrawals of cryptocurrencies are made through corresponding transactions in the blockchain networks supported by the cryptocurrencies.

Fees

Withdrawal fees depend on the blockchain fee and the asset's value. They can be changed without prior notice. Always check the information on the withdrawal page.

Spot trading fees. Trading fees may vary for some pairs but never exceed 0.1%.