Everything You Need to Know About WhiteBIT Exchange

Last updated: Jun 09, 2025
10 Min Read
AI Generated Summary
Summary
Summary
Pros
User-Friendly Interface
Robust Security
Competitive Fees
Diverse Trading Options
TradingView Integration
Cons
Limited Fiat Currency Support
Geographical Restrictions
Lack of Advanced Order Types

The rise of cryptocurrency has transformed the financial landscape, offering individuals unprecedented access to digital assets and decentralized finance. At the heart of this ecosystem are cryptocurrency exchanges, platforms that facilitate the buying, selling, and trading of various cryptocurrencies. These exchanges can be categorized into centralized exchanges (CEXs) and decentralized exchanges (DEXs), each offering unique features and user experiences.

Centralized exchanges provide a user-friendly interface and higher liquidity but come with risks related to security and control over funds. In contrast, decentralized exchanges prioritize user autonomy and privacy, though they may lack the same level of liquidity and ease of use. As users navigate this diverse marketplace, the choice of exchange becomes crucial, affecting transaction fees, available trading pairs, and overall security.

What should you consider when choosing an exchange? How do fees impact your trading strategy? What security measures are essential for protecting your assets? These questions are vital for anyone looking to engage in cryptocurrency trading effectively.

In this review, we will explore WhiteBIT's features, fees, and security measures.

Key Takeaways

  • WhiteBIT is a user-friendly, security-focused exchange offering spot, margin, and futures trading to users in over 190 countries.
  • It supports 330+ cryptocurrencies, 780+ trading pairs, and fiat deposits in USD, EUR, and GBP via cards, bank transfers, and Apple Pay.
  • Security is a strong point, with 96% of funds stored in cold wallets, 2FA support, and a $30M insurance fund backing the platform.
  • Trading fees are competitive at a flat 0.1%, with added perks for WBT token holders including fee discounts and free withdrawals.

What is WhiteBIT?

WhiteBIT is a Europe-based cryptocurrency exchange. Founded in 2018, the platform has grown steadily with services available in over 190 countries. Headquartered in Lithuania, WhiteBIT complies with European regulatory frameworks, including anti-money laundering (AML) and Know Your Customer (KYC) protocols, which enhance its legitimacy.

The platform supports a diverse range of products and services tailored to both beginner and advanced traders. Users have access to spot trading, margin trading, futures, and staking. WhiteBIT also offers a proprietary token called WBT, which provides holders with benefits such as reduced fees and access to exclusive features.

WhiteBIT aims to offer convenience and flexibility through varied payment options. Users can deposit using fiat currencies such as USD and EUR, alongside popular payment methods, including credit cards and Apple Pay. Additionally, the platform integrates smoothly with Web3 wallets, giving users the freedom to connect with decentralized financial services while still enjoying the centralized security of the exchange.

Approximately 96% of the platform’s assets are kept in cold storage, reducing exposure to cyber threats. The exchange has also undergone multiple audits to ensure high levels of platform security and has earned an AAA security rating from CER.live, positioning it among the safest exchanges for users globally.

Despite its growth and feature-rich platform, it is essential to note that WhiteBIT is in competition with industry giants such as Binance and KuCoin. It differentiates itself by combining ease of use with strong security practices, but users should weigh its offerings and limitations before choosing it as their primary trading hub.

For a clearer understanding, we highly recommend you check out our detailed reviews of Binance and KuCoin.

How To Get Started on WhiteBIT

Starting your crypto journey on WhiteBIT is easy, with support available across 190+ countries.

How To Get Started on WhiteBIT
WhiteBIT is Built with Rase of Use in Mind making Trading even more Convenient. Image via WhiteBIT

Follow these steps to get set up:

  1. Create an Account: Head to the WhiteBIT website and register using an email address or phone number.
  2. Verify Your Identity: Complete the KYC process by submitting personal identification documents. Verification unlocks access to full platform features, including deposits and withdrawals.
  3. Top Up Your Account: Deposit fiat currency or crypto assets via supported payment methods such as credit cards, Apple Pay, or bank transfers. You can also link external wallets.
  4. Explore the Platform: Once your account is set up, explore WhiteBIT’s dashboard. Navigate trading options such as spot or futures markets and access staking features.

WhiteBIT offers a mobile app for users on the go.

Supported Cryptocurrencies

WhiteBIT offers access to over 330 cryptocurrencies. Whether you prefer well-known coins or newer projects, the platform provides a balance for all kinds of users.

WhiteBIT review
WhiteBIT Complies with European Regulatory Frameworks, Including AML and KYC Protocols. Image via WhiteBIT

The exchange supports close to 30 of the top cryptocurrencies by market capitalization. Notable cryptocurrencies available on WhiteBIT include:

Bitcoin (BTC)
Ethereum (ETH)
Solana (SOL)
Cardano (ADA)
Dogecoin (DOGE)

WhiteBIT supports more than 780 trading pairs, allowing both crypto-to-crypto and crypto-to-fiat transactions.

Supported Deposits

WhiteBIT supports deposits in over 270 cryptocurrencies, allowing users to fund their accounts with popular coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and many others. Crypto deposits are typically quick, and once they are confirmed on the blockchain, they appear in your WhiteBIT account. This makes crypto deposits the go-to choice for many users who already hold digital assets.

Fiat Deposits

WhiteBIT FIAT.jpg
WhiteBIT Supports most Major Options, but its Range Could Be Better. Image via WhiteBIT 

For those who prefer using fiat currencies, WhiteBIT supports the following major options:

  • USD (United States Dollar)
  • EUR (Euro)
  • GBP (British Pound)

Supported Payment Methods

WhiteBIT accepts a variety of payment methods to accommodate users worldwide, including:

  • Credit and Debit Cards (Visa/Mastercard)
  • Apple Pay and Google Pay
  • SEPA Transfers (for European users)
  • Bank transfers (SWIFT)

These options make it easy for users to deposit funds into their accounts using their preferred payment method, whether they’re dealing with local currency or crypto. Additionally, WhiteBIT ensures that deposits are processed securely, with options like two-factor authentication (2FA) for added safety.

Despite offering key fiat currencies like USD, EUR, GBP, and UAH, WhiteBIT’s range of fiat support is limited compared to major competitors. Traders who prefer to use their local currencies, such as the Brazilian real (BRL) or Japanese yen (JPY), may find it inconvenient as they need to exchange their money into more widely accepted currencies before making deposits. This reliance on third-party conversion services can result in additional costs and delays.

WhiteBIT Trading Features and Tools

WhiteBIT offers a comprehensive suite of trading features and tools designed to cater to both novice and experienced traders. Below is an in-depth exploration of some main offerings, along with any necessary comparisons with its competitors.

WhiteBIT Products.jpg
WhiteBIT Offers a Comprehensive Suite of Trading Features and Tools for All. Image via WhiteBIT

Spot Trading

WhiteBIT provides a robust spot trading platform where users can buy and sell cryptocurrencies directly. The platform supports over 330 cryptocurrencies and more than 780 trading pairs, including both crypto-to-crypto and crypto-to-fiat transactions.

Margin Trading

Users can engage in margin trading with leverage of up to 10x. This feature enables traders to borrow funds to increase their position sizes, potentially amplifying profits (and losses). WhiteBIT charges a daily fee of 0.0585% for margin trading.

Derivatives Trading

The platform also includes a derivatives market that allows users to trade perpetual contracts with leverage up to 100x on certain assets. The fees for futures trading are set at 0.035% for takers and 0.01% for makers.

WhiteBIT Earn

WhiteBIT Earn allows users to generate passive income by staking their cryptocurrencies. By locking their assets for a fixed or flexible duration, users can earn rewards based on the amount staked and the length of the lock-in period.

Crypto Borrow

This feature enables users to borrow digital assets for trading, transfers, or withdrawals. Users can utilize their existing holdings as collateral to access loans with a daily borrowing fee of 0.0585%. This flexibility allows traders to amplify their market exposure without needing to sell their assets.

Order Types

WhiteBIT supports various order types, including:

  • Market Orders: Buy or sell immediately at the current market price.
  • Limit Orders: Set a specific price at which to buy or sell.
  • Stop-Limit Orders: Automatically execute a limit order when a specified stop price is reached.
  • Stop-Market Orders: Similar to stop-limit but executes at the market price once the stop price is hit.
  • OCO (One Cancels Other) Orders: Available in margin trading, allowing traders to set two orders simultaneously where if one executes, the other is canceled.

These options provide flexibility in executing trades under different market conditions, comparable to platforms like Kraken and Huobi, which also offer a range of order types.

Demo Trading

The platform includes a demo token feature that allows users to practice trading strategies without risking real funds.

Staking and Crypto Lending

The platform offers staking (coming soon) options through its crypto lending feature, allowing users to earn interest on their holdings by lending them out.

Referral Program

WhiteBIT has a referral program that rewards users for bringing new customers to the platform, offering up to 50% of the exchange fees generated by referred users.

WhiteBIT Security

WhiteBIT places a strong emphasis on security to protect user funds and maintain a trustworthy trading environment.

Cold Wallet Storage

The platform stores 96% of assets in cold wallets, keeping them offline to minimize the risk of cyberattacks.

Two-Factor Authentication (2FA)

WhiteBIT offers 2FA as an additional layer of account security, safeguarding access during logins and transactions.

Insurance Fund

A $30 million insurance fund protects users from unforeseen losses, ensuring their funds remain secure even in emergencies.

Regulatory Compliance

WhiteBIT follows KYC and AML regulations, aligning with international standards to ensure a secure and compliant environment for users.

WhiteBIT Fees

WhiteBIT follows a flat fee model that applies the same rate for both makers and takers.

Spot Trading Fees:

Makers: 0.1%

Takers: 0.1%

Margin Trading Fees:

Daily Borrowing Rate: 0.0585%

Withdrawal Fees:

Bitcoin (BTC): 0.00025 BTC per withdrawal. Other fees vary based on blockchain costs.

Users who hold WBT can enjoy a 100% discount on maker fees as long as they have a sufficient amount of WBT. In addition, depending on the number of WBT coins in holding, users can receive a certain number of daily free withdrawals of ERC-20 and ETH coins.

Closing Thoughts

WhiteBIT has carved out its niche as a user-friendly and security-focused crypto exchange. With a diverse suite of features—ranging from spot and margin trading to crypto lending—it appeals to both novice and advanced traders.

The platform’s commitment to safety is evident with 96% of funds stored in cold wallets. Its competitive flat 0.10% trading fees make it an affordable option for frequent traders. 

WhiteBIT’s limited fiat currency support may frustrate users accustomed to more regional deposit options available on platforms like Binance. Still, the easy-to-use interface, coupled with essential trading tools, ensures it remains an attractive option for those looking for a straightforward experience.

Whether you're just getting started or looking for an alternative to larger platforms, WhiteBIT offers most of what you'd need without overwhelming complexity. As with any exchange, it’s essential to weigh the pros and cons, but if security and affordability top your list, WhiteBIT is worth considering.

Frequently Asked Questions

What are WhiteBIT's trading fees?

WhiteBIT charges a flat 0.10% fee for both makers and takers on spot trades.

Does WhiteBIT support fiat deposits?

Yes, it supports USD, EUR, GBP, and UAH for deposits, but with limited fiat options compared to larger exchanges.

Is WhiteBIT available in the U.S.?

No, WhiteBIT is restricted in the U.S. and certain other regions.

How secure is WhiteBIT?

WhiteBIT stores 96% of assets in cold wallets and offers 2FA and an insurance fund for enhanced security.

Does WhiteBIT offer leverage?

Yes, WhiteBIT provides up to 100x leverage for futures trading.

Can I practice trading on WhiteBIT?

Yes, WhiteBIT offers demo tokens for users to test strategies without risking real funds.

Does WhiteBIT offer staking?

At this time, no but the company says it'll launch it soon.

What payment methods are available?

Deposits can be made through credit/debit cards, Apple Pay, Google Pay, and bank transfers.

WhatsApp Image 2024-06-05 at 16.56.36.jpeg

I have over 15 years of experience in writing for various organizations. I have a diverse portfolio of writing, vetting, and editing articles, blogs, website content, scripts, and slogans across a variety of industries. I write fiction in my spare time, and I'm looking forward to getting published with my first set of short stories.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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