WhiteBIT
⭐ Trust Score: 8/10
📋 Basic information
📊 Trading statistics
📖 About exchange
ℹ️ WhiteBIT is a European cryptocurrency exchange founded in 2018. The platform positions itself as a secure and convenient service for cryptocurrency trading, targeting users from CIS countries among others.
🪙 Trading Products and Instruments
WhiteBIT offers diverse trading and earning formats, making it attractive to different user categories.
Spot Trading
Over 350 cryptocurrencies on various trading pairs
Margin Trading
Leverage up to 1:5
Passive Income
Staking, lending, and cashback card
Staking: Interest accrual for holding cryptocurrency (up to 10-15% APY)
WhiteBIT Nova Crypto Card: Debit card with cashback up to 10% in BTC or WBT
Lending: Returns up to 21% per annum for lending cryptocurrency
Referral Program: Rewards for attracting new users
🔐 Security and Support
Security is one of the key elements of the exchange's positioning, although in practice users encounter different situations.
Security Measures
- Two-factor authentication (2FA)
- Cold Storage: 96% of funds in offline wallets
- WAF Firewall: Protection against cyber attacks
- AML Checks: Compliance with anti-money laundering standards
Regulation
European registration and compliance with standards
Support
24/7 support in Russian language
💳 Deposits and Withdrawals
The exchange provides options for working with fiat money.
Verification (KYC)
Mandatory for full functionality, process takes 2-3 hours
Account Funding
Direct Euro deposit from bank cards, free USDT (ERC20) deposits
Withdrawals
Fees from 0.02 USDT, withdrawals to bank cards, possible delays
👍 Advantages and Disadvantages
Based on analysis of user reviews and official information, we can identify the platform's strengths and weaknesses.
Advantages
- ✅ Convenient and intuitive interface
- ✅ Direct deposit and withdrawal of fiat funds (Euros)
- ✅ Proprietary Nova debit crypto card with cashback
- ✅ Wide choice of passive income methods
- ✅ Availability of demo account for practice
Disadvantages
- ❌ Periodic withdrawal delays
- ❌ Account blocks suspected of AML violations
- ❌ Unstable operation of mobile application
- ❌ Difficulties during verification process
💡 Tips for Beginners
Security First
Activate two-factor authentication (2FA) immediately after registration
Study the Fees
Carefully review withdrawal fees for different networks
Complete Verification
Without KYC, no access to all features including Nova card
Be Prepared for Checks
When withdrawing large amounts, be ready to provide fund origin documents
🌐 Interface & Accessibility
Interface: Multilingual.
🌏 Countries with Restricted Access
WhiteBIT prohibits access for residents of the following countries and territories:
Countries under complete ban:
- United States
- Canada
- China
- United Kingdom
- European Union
- Japan