We may earn a commission from links on our site, but this doesn’t affect our reviews. Advertiser Disclosure

WhiteBIT Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
WhiteBIT logo
3.95
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit WhiteBIT

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

WhiteBIT offers traders an ideal environment for trading cryptocurrencies securely without compromising functionality or user experience. Thanks to their comprehensive trading platform, competitive fees, and secure infrastructure measures – WhiteBIT stands as a reliable exchange in the cryptocurrency exchange landscape.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Wide range of cryptocurrencies
  • Advanced trading features
  • Strong security measures
  • Competitive trading fees
  • User-friendly interface

Cons

  • Limited geographical availability
  • No decentralized exchange features
  • Fiat deposit options can be restrictive
  • Customer support can be slow
  • Limited educational resources for beginners

Quick Summary

Headquarters Location Vilnius, Lithuania
Fiat Currencies Supported USD, GBP, EUR + 7 others
Total Supported Cryptocurrencies 267+
Trading Fees 0.10%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay, Mercuryo, UTORG, AdvCash, NixMoney, Checkout.com, GEO Pay
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

WhiteBIT stands out among cryptocurrency exchanges with its user-centric approach and features specifically tailored for novice as well as advanced traders.

WhiteBIT homepage

As the crypto market matures, WhiteBIT aims to become a trusted gateway into the world of cryptocurrencies.

WhiteBIT continues to establish itself as a central hub for crypto enthusiasts looking to enter the digital exchange market. Its emphasis on providing an accessible but powerful platform has attracted an eclectic user community.

This exchange not only provides access to cryptocurrency trading, but also fosters an active community where knowledge and strategies are shared – providing traders with an environment in which they can thrive and grow professionally.

About WhiteBIT

WhiteBIT was established with a vision of providing traders with an intuitive trading platform that was both secure and user-friendly, becoming one of the premier cryptocurrency exchanges. Combining modern interface design with transparency and compliance policies to foster an environment in which traders could trade a diverse selection of digital assets.

WhiteBIT has successfully navigated its way through the cryptocurrency market since its establishment, adapting to meet user demands as they change. Significant regulatory shifts and institutional players entering key markets have had an effect on its operations.

WhiteBIT features

The exchange has seen various digital assets come and go, positioning itself as an agile entity capable of meeting the changing demands of an increasingly sophisticated market.

WhiteBIT has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram and YouTube.

WhiteBIT has a mobile app on both the Apple App Store and Google Play.

WhiteBIT Supported Cryptocurrencies

WhiteBIT supports trading on over 267 cryptocurrencies on their platform. This exchange currently supports 26 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Ethereum Classic (ETC)
  • Kaspa (KAS)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies WhiteBIT supports

Trading Experience

WhiteBIT has designed its trading experience to be intuitive and accessible for novice traders while meeting the needs of experienced traders alike. Boasting a selection of trading pairs, advanced charting tools, and an user interface designed for smooth trading processes, WhiteBIT strives to provide an efficient trading platform.

WhiteBIT’s trading experience is enhanced by its access to advanced tools, including technical analysis features and trading bots. This comprehensive suite of tools is intended to assist professional traders in effectively navigating market conditions, placing trades efficiently, and mitigating risk effectively.

Futures trading and perpetual futures contracts offer experienced traders additional avenues of exploration.

WhiteBIT exchange marketing

WhiteBIT Fees

WhiteBIT has created a fee structure designed to be simple and competitive, meeting industry standards while simultaneously encouraging active trading. Traders benefit from a transparent fee schedule which supports their desired trading activities without incurring additional hidden costs; providing maximum transparency throughout each transaction.

WhiteBIT’s fee policy embodies its mission of offering value-driven service to its users. By keeping transaction costs to an absolute minimum, the exchange fosters an active trading environment.

Fees play an essential role in attracting a broad spectrum of market participants, from those making frequent trades to users engaging with it gradually.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 3.50%
Trading Fee 0.10%
Withdrawal Fee (Bank Transfer) 0%

WhiteBIT supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0004 BTC. The average across all other exchanges that we've reviewed is 0.000415 BTC. This means WhiteBIT charges below the industry average by 3.71%.

Security - Is WhiteBIT Safe?

Security at WhiteBIT remains of utmost importance, with stringent protocols in place to safeguard users’ assets. By employing cold wallets, anti-phishing codes, and adhering to stringent security requirements, WhiteBIT shows its dedication to maintaining a safe trading environment for users.

Security-focused features build trust among its expanding user base.

WhiteBIT’s security measures are already robust, yet WhiteBIT continues to monitor for potential vulnerabilities by engaging some of the 33 highest-ranked ethical hackers who conduct regular code reviews and security audits to bolster its defensive systems against hacker attacks.

Security remains at the core of their operation and ensures user trust is never breached.

WhiteBIT Customer Support

WhiteBIT’s customer support services are an integral component of its service offering, with dedicated teams dedicated to meeting the individual’s needs quickly and efficiently. Users can expect prompt assistance and dedication towards meeting those requirements.

The exchange strives to provide exceptional customer service, offering assistance whenever necessary.

WhiteBIT’s customer support team is focused on customer satisfaction, understanding that timely and effective support can have an enormous impact on a user’s trading journey. Their staff can assist with issues like withdrawal verification, trading process navigation and fee structure explanation, so users feel supported every step of the way.

WhiteBIT support

WhiteBIT Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on WhiteBIT

  1. Create Account - Visit the WhiteBIT website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Mercuryo
  • UTORG
  • AdvCash
  • NixMoney
  • Checkout.com
  • GEO Pay

WhiteBIT Alternatives

Binance logo

Binance

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
394+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

3.44
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
253+

Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo

OKX

3.57
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
365+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

WhiteBIT provides an ideal gateway for individuals navigating their way into crypto trading, offering user-friendliness and an extensive feature set. As an ideal solution for engaging in digital asset markets.

WhiteBIT FAQs

WhiteBIT’s reliability can be assessed in terms of its operational security, uptime, and user feedback. The platform uses advanced technological solutions to ensure security and stability and is actively used by a considerable number of traders.

Prospective users should look at reviews and perform due diligence to determine its current reliability.

WhiteBIT may be restricted in countries with strict cryptocurrency regulations or those under international sanctions. Users should check the latest terms of service on WhiteBIT’s official website or contact their support for the most updated list of restricted countries.

WhiteBIT is typically owned by a private company or a group of individuals. The specific ownership details can often be found in public business registries or company databases, depending on the country of registration.

Staking on any platform involves risk, and the safety of staking on WhiteBIT would depend on their security measures, operational track record, and the inherent risks associated with cryptocurrency staking. Users should evaluate the risks and do thorough research before engaging in staking on WhiteBIT or any other platform.

WhiteBIT operates within the regulatory frameworks of the jurisdictions in which it offers services. Potential users should look into the specific licenses and regulatory compliance that WhiteBIT adheres to, as this information can be subject to change and may vary by region.

The transaction fee on WhiteBIT varies based on the type of transaction and the market conditions. The fee structure can include maker and taker fees, withdrawal fees, and other service-related fees.

Users should consult the WhiteBIT fee schedule on their website to get detailed and current fee information.

WhiteBIT may require Know Your Customer (KYC) procedures for account verification and to comply with regulatory standards. The extent of KYC required can vary based on the user’s country of residence and the services used on the platform.

WhiteBIT User Reviews

0.0 out of 5.0

0 reviews

5 Stars: 0%
4 Stars: 0%
3 Stars: 0%
2 Stars: 0%
1 Star: 0%

No reviews yet for WhiteBIT - be the first to review!

Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: