Exchange

A closer look at WhiteBIT exchange

btcpost whitebit e1617088134476

WhiteBIT is one of the newest crypto exchanges today, yet it has already proven itself to be one of the top exchanges to look out for because of its potential in the market.

Operating in over 190 countries with an estimated 300,000 user base across Europe, South America and Asia, WhiteBIT is one of the leading crypto-to-fiat exchange sites in the world. It boasts more than 150 trading pairs, cheaper trading fees and features that are intended for long-time traders.

WhiteBIT offers crypto-to-crypto and crypto-to-fiat trading wherein users only need to pay 0.10% trading fees for every transaction on the site. Established in 2018, this exchange is based in Estonia and holds licenses of Exchange and Custody from Estonian authorities.

WhiteBIT features

Besides the exchange’s ability to perform 10,000 trades per second, WhiteBIT also offers innovative features that benefit its users and have made the up-and-coming exchange an already reputable platform.

Here are the following features of WhiteBIT:

Main exchange page

WhiteBIT prioritizes the needs of its users by providing separate pages for the main exchange section and the live trading page to create a more user-friendly interface. The main exchange section is where you can trade directly without having to go into the charts. Meanwhile, the live trading page is where the real-time order books are found. It also offers a more complex insight into the performance of the market.

WhiteBIT code

The WhiteBIT code is the exchange’s peer-to-peer code so users can transact without going through various confirmations. The code consists of the amount of the currency you will transfer. It is used to transfer to another person who also has the code.

This code provides an easy and direct transaction between the two parties. However, if you ever don’t want to send the code, you can simply deactivate it since there’s no limit to creating WhiteBIT codes.

Fee for trading

One of the best features of WhiteBIT is its cheaper trading fee which is only at 0.1%. The site also displays the different fees for the currencies available such as the deposit fee, withdrawal fee, minimum deposit and withdrawal.

Security

WhiteBIT stores 96% of its funds in cold wallets and never had any cases of hacking since its launch. The exchange doesn’t only focus on the security of the users, but also on the efficiency of trading on the site. WhiteBIT offers quick loading speeds that ensure users can complete their transactions immediately.

Interest-bearing accounts

Users of WhiteBIT can earn interest on selected cryptocurrencies through Smart Staking which resembles time deposits.

User friendly

WhiteBIT’s website is straightforward and easy to navigate. Users are allowed to customize the trading view so that the dashboard will fit their preferences. What’s usually accessible for only the VIPs on other exchanges can also be viewed by all users of WhiteBIT.

Register in WhiteBIT

If you want more information about WhiteBIT, create an account so you can access all sections of the website. Creating an account in WhiteBIT is easy; just follow the steps below:

  • Provide an email address and a unique password. Include upper and lower case letters, numbers, and characters.
  • Afterwards, confirm your password and tick the terms and conditions and privacy policy box. This means that you consent to the rules of the exchange site.
  • Complete the verification process by dragging a button provided on the screen.

Once you’ve created your account, a referral ID and link will be provided to you that you can share on your social media to refer the site to.

In addition, there’s a verification process where you have to provide personal details and residence information. These are all mandatory before you can begin trading on the site because this is how the exchange will know that you’re a legitimate trader. You will also be required to upload an ID, either your passport, national ID card, or driver’s license.

WhiteBIT offers advanced security for its users. To protect all their users’ information and accounts, users have to verify their Anti-Phishing Code before logging in to prevent phishing attempts from fake WhiteBIT websites. Additionally, you have to enable your two-factor authorization by opening the 2FA app on your phone and either scanning the QR code or typing the series of letters and numbers provided on the site.

How to trade in WhiteBIT

Just like how the site is easy to navigate, trading is also simple and fast in WhiteBIT. You won’t have to go to different sections of the site to find the trading page because it is already displayed on the top no matter what page you’re on.

Begin trading in WhiteBIT by following the steps below:

  • Go to the ‘Balance’ section of the site.
  • Once you’re there, you will see the list of available cryptocurrencies and fiat currencies that you can deposit.
  • Choose the currency you want to deposit and click on the ‘Deposit’ option.
  • You will be asked to verify the KYC before you can proceed to the next step.
  • Once you’re done with the KYC verification, you will be provided with a deposit address for the cryptocurrency you chose.
  • Copy the address and choose the wallet you want to use.
  • Send the amount you want to deposit to the copied address.

Once everything is done, it will only take half an hour for the transaction to be completed. Aside from cryptocurrencies, you can also deposit fiat currencies. The process also goes for depositing fiat currencies.

Trade in WhiteBIT exchange today!

Now that you have an idea of WhiteBIT exchange and its features, create an account and start trading today. With the speed and security that this exchange offers, you can create countless transactions anytime and with the various countries and cryptocurrencies listed on the site. Discover what more WhiteBIT can offer you and make the most of its fast and easy trading of various cryptocurrencies!

Cryptocurrency Market Capitalization
  • bitcoinBitcoin (BTC) $ 17,211.96 2.23%
  • ethereumEthereum (ETH) $ 1,280.02 3.72%
  • tetherTether (USDT) $ 1.00 0.03%
  • bnbBNB (BNB) $ 289.29 1.9%
  • usd-coinUSD Coin (USDC) $ 1.00 0.11%
  • binance-usdBinance USD (BUSD) $ 0.999996 0.11%
  • xrpXRP (XRP) $ 0.391774 1.96%
  • dogecoinDogecoin (DOGE) $ 0.098192 2.17%
  • cardanoCardano (ADA) $ 0.314725 1.89%
  • matic-networkPolygon (MATIC) $ 0.927452 4.38%

Expand your knowledge and invest in the cryptocurrency industry.