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Wednesday, December 6, 2023

Whitebit.com Cryptocurrency Exchange Review: It is Good Or Bad Review 2021

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About Whitebit.com

Whitebit.com is an alternate from Estonia with the Europan Exchange and Custody license. The alternate has over 500,000 customers in Europe, Asia, and the CIS countries. It has partnered with many exclusive blockchain projects (Dash, Tron, Matic, to call a few). WhiteBIT markets itself as a certified crypto alternate with capabilities for each new and expert traders. Also, they spotlight the competence in their Support team.

Exchange NameWhitebit.com
Exchange TypeCryptocurrency
Withdraw Fee0.0004 BTC.
Taker Fee0.30%
The Exchange Support160 trading
 Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

WhiteBIT Trading fees

Whitebit.com 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.

CurrencyDeposit feeWithdrawal feeMinimum DepositMinimum Withdrawal
BTCfree0.0004 BTC0.0005 BTC0.001 BTC
ETHfree0.004 ETH0.01 ETH0.02 ETH
USD Visa/MasterCard Interkassa4.5%5 USD + 3.5% (min 0.1 USD, max 120 USD)10 USD20 USD
USD Perfect Money3%3% (min 0.1 USD, max 150 USD)10 USD20 USD
USD AdvCash1.5%1.5% (min 0.15 USD, max 150 USD)10 USD10 USD
2XDNfree1300 2XDN2000 2XDN2700 2XDN
3CSfree80 3CS200 3CS115 3CS
ADKfreefreeNo limit1 ADK
AMBfree75 AMB100 AMB100 AMB
AMLTfree250 AMLT400 AMLT500 AMLT
AQGT4%3000000000 AQGT7525000000 AQGT15000000000 AQGT
AQNfree75 AQN115 AQN155 AQN
ASHfree25 ASH100 ASH200 ASH
ASS10%340000000 ASS910000000 ASS1475000000 ASS
AWGfree0.2 AWG0.2 AWG0.4 AWG
AWXfree10 AWX11.5 AWX13.2 AWX
AYAfree35 AYA175 AYA350 AYA
AZUfree0.01 AZU0.05 AZU0.1 AZU
BANDfree0.4 BAND0.7 BAND1.5 BAND

Deposit Methods

Whitebit.com 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.

Trade & Invest Benefits

Margin Trading

Margin accounts allow traders to access greater sums of capital and leverage their positions as well as to diversify their portfolio.

Smart Making

A marketing tool that rewards you for holding a deposit. Earn up to 18% interest rate per 6 months.

Referral Program

Whitebit.com Invite friends by sending them your referral link and receive 40% of their trading fees.

WhiteBIT Advantage

Trade Everywhere

The iOS & Android apps adopt the platform’s full functionality and provide a seamless “on-the-go” trading experience.

Fiat Gateway

Start buying/selling cryptocurrency on the leading European exchange. Deposit and withdraw your funds at the lowest rates in the industry.

Secure & Storage

Whitebit.com store 96% of the digital assets on cold wallets and use WAF to detect and block hacker attacks. Moreover, they 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 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 WhiteB IT’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. They also made sure that the interface is user-friendly, and you can use it regardless of your experience. Check it out yourself!SIGN UP

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.com also complies with 5AMLD. However, you can make unlimited deposits and withdraw up to 2 BTC (in any available crypto) a day without KYC.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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