In this article, we will consider what the WhiteBIT crypto exchange offers its users and highlight its benefits and drawbacks.
First, White BIT is a legit exchange with a license from the European regulator. It is also worth mentioning that the site is multilingual.
The platform offers the following:
- trading;
- simple swaps via the Exchange service;
- WhiteBIT Codes;
- referral program;
- SMART Staking;
- 24/7 customer support via the Telegram chat;
- fair fees.
Pros of WhiteBIT
The first and the most crucial advantage of the platform is its high level of security. 96% of users’ assets are stored in cold wallets, while only 4% are in hot wallets. It makes hacking almost impossible.
WhiteBIT provides access to the entire set of tools only for registered users. Thus, if you just need to exchange crypto quickly, you can do it without getting verified. However, if you are interested in the full functionality of the platform, then you need to pass KYC verification. It involves checking customers and their previous activity. If nothing illegal is noticed, you will get full access to the exchange and all its tools within 24 hours.
Other advantages include two-factor authentication, IP detection, and anti-phishing code. All these features increase exchange reliability.
The WhiteBIT exchange is represented on such authoritative websites as CoinMarketCap and CoinGecko.
The platform has a clear interface that each user can customize. You can change the site theme either to light or dark.
Trading using bots is available. The exchange provides uninterrupted work with API.
The platform is built using high-tech tools. Thanks to it, the exchange processes up to 10,000 orders/sec.
The company offers an attractive referral program. A user who invites a new client to WhiteBIT receives up to 40% of their fees.
Cons of WhiteBIT
The site does not allow users to buy crypto for fiat without passing verification. Before you get started with the exchange, read White BIT reviews to understand what difficulties you may face and how to handle them.