About Whitebit.com
Whitebit.com main goal is to achieve the mass-adoption of blockchain technology and expand the crypto community by providing a secure and easy-to-use trading platform. WhiteBIT is an exchange from Estonia with a Europan Exchange and Custody license. The exchange has over 500,000 users in Europe, Asia, and the CIS countries. It has partnered with many different blockchain projects (Dash, Tron, Matic, to name a few).
The WhiteBIT Exchange is a universal platform for trading and exchanging cryptocurrencies. In addition to basic (simplified) trading, there are spot and margin trading. Bitcoin, Litecoin, Ethereum, Ripple, DASH, and dozens of other altcoins are traded on the exchange. Fiats are represented by the USD and the EUR. For margin trading, x5 leverage is provided.
In addition to active trading, there is the possibility of investing in a blockchain project with interest payments (from staking). The exchange has a standard referral program, and trading commissions are fixed. There is a TradingView web terminal and a mobile trading application. The company offers its own GitHub solution for the cryptocurrency business.
Operating Company
| Exchange Name | Whitebit Cryptocurrency |
| Support | 24/7 |
| Language | English |
| Deposit Fee | Free |
| Taker Fee | 0.10% |
| Maker Fee | 0.10% |
| Official Site | Homepage |
WhiteBIT Trading fees
This exchange doesn’t charge different fees between takers and makers. Their fee model is something that we call a “flat fee model”. They have a flat trading fee starting at 0.10%. The industry average is arguably around 0.25%, so these trading fees charged by WhiteBIT are competitive. Even though the industry averages are steadily decreasing, and 0.10% – 0.15% are slowly becoming new industry averages.
Some trading pairs also have even lower fees. The exact amount is displayed on the Live Trading page when an order is placed.
WhiteBIT Withdrawal fees
Over to the withdrawal fees then. These are also very important to consider. When withdrawing BTC, the exchange charges you 0.0004 BTC. This withdrawal fee is also below the industry average.
The withdrawal fee limits vary from user to user. New and Basic Accounts can currently withdraw 500 USD (or equivalent) per day. Enhanced Accounts: USD 100,000 (or equivalent) per day with two-factor authentication enabled. Verification is required for withdrawals that exceed 2 BTC per day.
All in all, the fees charged at this exchange are a competitive advantage against most other cryptocurrency exchanges out there today.
Deposit Methods
Whitebit.com Cryptocurrency exchange supports 160 trading pairs with crypto and fiat, including BTC/USD, BTC/USDT, BTC/RUB, and BTC/UAH. Deposits and withdrawals are possible with Visa and MasterCard, as well as Advcash, Qiwi, Mercuryo, Geo-Pay, Interkassa, monobank and Perfect Money.
The fact that fiat currency deposits are permitted at all also makes this exchange an “entry-level exchange”, meaning an exchange where new crypto investors can take their first steps into the exciting crypto world.
WhiteBIT Security
This trading platform stores 96% of all assets in cold storage. As with most other exchanges, you can also enable two factor authentication to log in. There are also IP-detection features, biometrics confirmation and more. All in all, WhiteBIT seems to focus on security.
Finally, WhiteBIT also complies with 5AMLD. However, you can make unlimited deposits and withdraw up to 2 BTC (in any available crypto) a day without KYC
Advantages
Secure Storage & Insurance
Whitebit Cryptocurrency store 96% of the digital assets on cold wallets and use WAF to detect and block hacker attacks. Moreover, we use two-factor authentication and anti-phishing software to add another level of protection to your account.
The trading and matching engines based on cutting-edge technologies guarantee quick deposits and withdrawals as well as orderbook performance. The safety of our users’ funds being main priority! They have implemented our risk diversification system according to the following principle: only 4% of all assets are stored on hot wallets at all times. The assets stored on the cold storages are protected with multisig access-protection.
WhiteBIT has formed an insurance fund to protect and secure the safety of the users’ assets, which is replenished by contributions from transaction fees. The fund currently insured the assets on the WhiteBIT’s cold storage under the coverage plan that amounts to USD 30 M.
Fiat gateway
Doesn’t matter if it’s 50 BTC or $50 we are talking about – you can still enjoy the lowest trading fees (max. 0,1%) in the industry on our exchange. Deposits and withdrawals are carried out with AdvCash, Perfect Money, Qiwi, Yandex, Visa & Mastercard.
Trading tools
Start controlling your risks by using stop-limit and stop-market orders and forget about sleepless nights. Private and public API will enable you to transfer the assets between their main and Trade balances and to place or cancel their orders. We also made sure that the interface is user-friendly, and you can use it regardless of your experience. Check it out yourself!
