WhiteBIT Review [2025] | Crypto Exchange, Pros & Cons

Summary: This is a WhiteBIT review in which we go over its wide range of services, including spot, margin, and futures trading for over 300 digital assets. We also cover other features, such as staking opportunities for passive income, as well as various security measures like cold wallet storage and two-factor authentication (2FA), all while comparing the platform with its competitors.

About WhiteBIT

WhiteBIT is a cryptocurrency exchange that launched back in 2018, and it aims to provide a secure and user-friendly trading experience.

Founded and headquartered in Europe, WhiteBIT is used by traders across the globe due to its broad range of digital assets and trading pairs. Among its numerous features, the platform offers spot, margin, futures trading, and crypto lending, all while providing robust security measures. Furthermore, it appeals to both beginners and advanced traders thanks to a simple interface, API support, and advanced trading tools.

WhiteBIT features

As mentioned, WhiteBIT offers a range of tools and services designed to enhance the trading experience. The key ones include:

Feature	Description
Spot trading	Trade over 300 cryptocurrencies with competitive fees and real-time charts.
Margin trading	Borrow funds to trade larger positions with flexible leverage options.
Futures trading	Leverage up to 100x on 190+ markets with advanced risk management tools like stop-loss and take-profit.
Crypto lending	Earn passive income with fixed staking options.
Security measures	96% cold storage, 2FA, passkeys, anti-phishing codes, and KYC verification.
WhiteBIT Codes	Instant, fee-free transfers within the platform.
Fiat gateway	Supports USD, EUR, UAH, TRY, GBP, PLN, GEL, BGN, CZK, and KZT deposits/withdrawals via bank transfer and cards.
Trading API	Automated trading with WebSocket and REST API for advanced strategies.
QuickSend	Allows users to instantly transfer crypto to other WhiteBIT users using just their nickname
WhiteBIT Nova	A Visa debit card that lets users spend their crypto for everyday purchases

Spot trading

Spot trading on WhiteBIT allows users to trade over 300 cryptocurrencies. The platform provides both market and limit orders, stop-limit, stop-market, OCO (margin and futures) orders, which are accessible for both beginners and experienced traders.

• Trading pairs: WhiteBIT supports popular pairs like Bitcoin (BTC)/Ethereum (ETH), Litecoin (LTC)/BTC, and numerous altcoins;

• Liquidity: The exchange offers decent liquidity, ensuring trades execute efficiently without major price slippage;

• Interface: The trading terminal has a clean layout, featuring basic real-time charts or advanced powered by TradingView;

• Fee structure: Trading fees vary, but never exceed 0.1%, with reductions available based on trading volume, VIP program, market-marking program or for holding or owning WBT.

Margin trading

WhiteBIT’s margin trading feature allows users to borrow funds and trade with greater capital than they hold in their accounts. This feature offers flexible leverage options up to 10x, enabling traders to amplify their potential gains—though it also increases risk.

Users can select their preferred leverage based on their risk tolerance, and the platform’s cross‐margin mode pools collateral across all positions, allowing gains to offset losses and enhancing capital efficiency

Additionally, WhiteBIT includes automatic liquidation mechanisms and margin call alerts to help traders manage their positions effectively and minimize losses.

Futures trading

WhiteBIT also provides futures trading with leverage of up to 100 times, allowing traders to amplify their positions.

• Derivatives market: Users can speculate on price movements without owning the underlying assets;

• Cross margin: Traders can use the cross margin method to manage risk;

• Liquidation mechanism: The exchange has an automatic liquidation system to protect traders from excessive losses;

• Risk management tools: Stop-loss and take-profit, as well as more advanced types of orders, such as conditional options help control exposure.

Crypto lending

With lending, WhiteBIT offers a program where users can lock up assets to earn rewards over time. It includes the following:

• Users can choose between locking their funds for a fixed period or maintaining flexibility, with over 80 coins for staking;

• Interest rates vary based on the asset and staking duration;

• Automatic reinvestment for compound interest from 0.23% to 18.64%.

Security measures

When it comes to security, WhiteBIT implements a mandatory Know Your Customer (KYC) process, which verifies user identities and helps prevent fraudulent activities.

The exchange also employs a range of protective measures to safeguard user funds by storing 96% of assets in cold wallets and keeping them offline and out of reach from potential hackers.

There’s also two-factor authentication (2FA), which is required for both logins and withdrawals, adding an extra layer of protection.

Furthermore, WhiteBIT is the first and only crypto exchange to achieve CCSS Level 3 certification—the highest standard of cryptocurrency security in the industry today. It has also been recognized as one of the top 5 safest exchanges according to cer.live, further reinforcing its commitment to user safety and asset protection.

WhiteBIT Codes

Next up, we have WhiteBIT Codes. These offer users a fast and convenient way to transfer funds within the platform without incurring any fees. These internal transfer codes allow for instant transactions between WhiteBIT accounts, bypassing blockchain confirmation times and network fees.

This feature appears to make sending crypto quicker and more affordable, and it also enhances privacy, as transfers do not appear on the blockchain.

Nevertheless, for even quicker transactions within the platform, WhiteBIT has recently introduced QuickSend and Shake-to-Send.

• QuickSend allows users to send crypto to anyone, anywhere, using just their nickname;

• Shake-to-Send is the innovative feature in the crypto industry that allows to send crypto simply by shaking your phone while the WhiteBIT App is open with another user within 30 meters.

Fiat Gateway

WhiteBIT supports deposits and withdrawals in various fiat currencies, which makes it accessible to a global user base. The platform allows users to fund their accounts using USD, EUR, UAH, TRY, GBP, PLN, GEL, BGN, CZK, and KZT through bank transfers, credit/debit cards, and third-party payment providers.

Withdrawals are typically processed within 24 hours, depending on the chosen method. As such, it offers a solid bridge between traditional finance and crypto.

Trading API

Finally, for advanced traders and developers, WhiteBIT provides an API that supports automated trading and bot integration.

The API offers both WebSocket and REST protocols, allowing for real-time data access and efficient trade execution. High-frequency traders can take advantage of the API to automate complex trading strategies, while the platform’s documentation ensures integration for developers looking to build custom tools.

Liquidity and trading volume

Liquidity is a crucial factor when choosing a cryptocurrency exchange, as it determines how quickly and efficiently trades can be executed.

In this case, WhiteBIT maintains moderate liquidity levels, with most major trading pairs offering sufficient volume for smooth transactions.

The platform’s daily trading volume is competitive compared to mid-tier exchanges—reaches $51 billion on spot and futures trading together—ensuring that users experience minimal slippage during trades.

However, for less popular altcoins, liquidity might be lower, which could result in slower trade execution or slightly higher spreads. For high-volume traders or institutional investors, this may be a consideration when evaluating WhiteBIT against larger exchanges with deeper liquidity pools.

How to get started with WhiteBIT: Step-by-step process

Regardless of whether you’re new to cryptocurrency or an experienced trader, getting started with WhiteBIT is straightforward. The platform has a user-friendly UI making it easy to set up your account, fund it, and begin trading.

Below is a detailed, step-by-step guide to help you navigate the onboarding process, from registration to your first trade. So, let’s jump into it.

Step 1: Register an account

First off, you can visit the WhiteBIT website and click on the Get Started button in the upper right corner of the screen. Follow that up by tapping the Sign Up button, entering your email address, creating a secure password, and agreeing to the terms and conditions.

After confirming your email, your account will be active, and you can access the platform’s basic features.

On the other hand, you can also register an account with WhiteBIT by downloading its app to your smartphone device, via the App Store or Google Play Store, or by downloading the APK file from the website in case your device doesn’t have access to Google Services.

Open the WhiteBIT app after you download it from the App Store. You’ll be greeted with a welcome screen that allows you to register an account with your Apple Account or Google Account, or to sign up with email.

If you choose the option to sign up with email, you’ll need to provide your address, enter a safe password, and agree to terms and conditions. You can also add a referral or affiliate code if you have one.
Once you do so, tap the Continue button at the bottom of the screen.

After providing your personal details, the app will ask you to enter a four-digit code that was sent to your email address.

Next up, you’ll need to create a four-digit PIN code to proceed.

Once you enter the PIN, you’ll be able to select your communication language. The default language is English; however, you can also choose from Ukrainian and Spanish.

After you choose your language of choice, simply tap the Confirm button to proceed.

Step 2: Complete KYC verification

To unlock the full range of features, including fiat deposits and withdrawals, you’ll need to complete the KYC verification process. This involves submitting personal information, a government-issued ID, and a selfie for face verification.

The verification process can take a few minutes, depending on the volume of requests. Also, you can skip the verification process by tapping Later.

With the KYC process done, or left for later, you’ll be greeted with the WhiteBIT app’s home screen.

Step 3: Deposit funds

Once verified, you can deposit funds into your WhiteBIT account.

Navigate to the Wallet section, select your preferred currency—either fiat or cryptocurrency—and follow the on-screen instructions to complete the deposit.

Fiat deposits can be made via bank transfer, credit/debit card, or third-party payment providers, while crypto deposits require transferring funds from an external wallet.

Step 4: Start trading

With funds in your account, head over to the Trade section.

Choose between spot, margin, or futures trading, select your trading pair, and decide whether to place a market or limit order.

Step 5: Withdraw funds

When you’re ready to withdraw your profits or transfer funds, go to the Wallet section and select Withdraw. Follow that up by selecting your preferred withdrawal method—either fiat or crypto—and follow further instructions.

Whitechain

WhiteBIT operates on its proprietary blockchain network, called Whitechain. The network enhances the platform’s ecosystem by claiming to offer faster transaction speeds, reduced fees, and improved scalability.

As a high-performance blockchain solution, Whitechain enables secure and efficient transactions while integrating seamlessly with WhiteBIT’s existing products and services. The network supports smart contract functionality, allowing developers to build decentralized applications (DApps) and facilitating interoperability with other blockchain ecosystems.

WhiteBIT Token

WhiteBIT Token (WBT) is the native utility token of the WhiteBIT ecosystem. Holding WBT provides users with reduced trading fees, increased referral rewards, and access to exclusive features such as priority withdrawals and staking opportunities.

Additionally, WBT holders can participate in governance decisions, influencing future developments within the WhiteBIT ecosystem.

WhiteBIT Nova

WhiteBIT Nova is an advanced trading platform designed to provide high-performance trading tools and a more efficient user experience.

Integrated within the Whitechain ecosystem, WhiteBIT Nova offers enhanced liquidity, low-latency order execution, and access to exclusive trading pairs. This initiative aims to cater to professional traders by combining speed, security, and innovative features, which is a valuable addition to WhiteBIT’s growing suite of services.

WhiteBIT pros and cons

Before deciding whether WhiteBIT is the right exchange for your trading needs, it’s important to weigh the platform’s strengths and weaknesses.

While WhiteBIT offers a range of features designed to attract both beginner and advanced traders, no platform is without its drawbacks. Evaluating the pros and cons will help determine if the platform aligns with your priorities in terms of fees, security, trading options, and overall user experience.

Is WhiteBIT safe?

When choosing a cryptocurrency exchange, security is often the top concern—and for good reason. WhiteBIT places a strong emphasis on safeguarding user funds and personal information, employing a range of security measures that align with industry best practices.

But how safe is WhiteBIT, really? Let’s take a closer look at the specific protocols and protections the platform has in place.

Cold wallet storage

One of WhiteBIT’s key security features is its use of cold wallet storage. The platform claims to store 96% of all user funds in offline cold wallets, which are not connected to the internet and, therefore, significantly less vulnerable to hacking attempts.

This approach minimizes the risk of large-scale breaches and ensures that the majority of user assets remain secure even in the event of an online attack.

Two-factor authentication (2FA)

WhiteBIT requires users to enable two-factor authentication (2FA) for logins, withdrawals, and other sensitive account actions.

2FA adds an extra layer of protection by requiring a unique code, in addition to your standard login credentials. This means that even if someone gains access to your password, they won’t be able to enter your account without this second verification step.

Anti-phishing measures

To combat phishing attacks, WhiteBIT offers customizable anti-phishing codes. Once enabled, users receive emails from WhiteBIT that include a unique code, ensuring the communication is legitimate. This feature helps users easily identify fraudulent emails that attempt to mimic official messages from the platform.

Withdrawal whitelists and IP protection

To further enhance account security, WhiteBIT offers withdrawal whitelist options, allowing users to specify trusted wallet addresses. This means even if an unauthorized party gains access to your account, they cannot withdraw funds to unfamiliar addresses.

Additionally, users can enable IP address monitoring to restrict account access from unrecognized devices or locations, adding another barrier against unauthorized entry.

Security audits and incident history

WhiteBIT has not reported any major security breaches since its launch, which suggests a solid track record in maintaining platform integrity.

The company also claims to conduct regular security audits, although detailed, third-party verification of these audits is not widely publicized. This transparency gap may be a point of concern for some users seeking a fully verified security background.

WhiteBIT Help Center, communities, and support channels

WhiteBIT offers customer support through its dedicated Help Center page where users can submit requests by detailing their issues. It appears that the support team aims to respond promptly; however, for urgent matters, users can also reach out to the support team directly via several phone numbers for different regions.

The Help Center service covers various topics, including:

• Account and security: Users can learn how to fully set up and protect their account;

• Payments: Answers to all questions related to deposits, withdrawals, and more;

• Products and features: Everything on functionality WhiteBIT offers to make the most out of user experience;

• Whitechain network: All on WhiteBIT’s native blockchain.

Aside from its Help Center, users can get in touch with WhiteBIT via its Telegram channel and dedicated Discord community.

Additionally, WhiteBIT is present on all popular social media platforms for further information and support, including the following:

• Medium;
• Facebook;
• Instagram;
• X (formerly Twitter);
• YouTube;
• LinkedIn;
• TradingView.

Comparison with competitors

To better understand how WhiteBIT stacks up against other cryptocurrency exchanges, here’s a comparison of its key features with Binance and Kraken:

Feature	WhiteBIT	Binance	Kraken
Spot trading fees	0.1%, with volume-based discounts	0% Maker / 0.1% Taker, with discounts for BNB users	0% Maker / 0.26% Taker
Margin trading	Available with up to 10x leverage	Available with up to 10x leverage	Available with up to 5x leverage
Futures trading	Up to 100x leverage	Up to 125x leverage	Up to 50x leverage
Staking	Flexible and fixed staking with varying APY rates	Wide range of staking options with competitive APY	Staking for select assets with moderate APY
Security	Cold storage (96%), 2FA, anti-phishing codes	SAFU fund, cold storage, 2FA, regular audits	Cold storage, 2FA, strong regulatory compliance
KYC requirements	Mandatory for all services and products	Mandatory for deposits, withdrawals, and trading	Mandatory for deposits, withdrawals, and trading
API access	REST and WebSocket APIs for automated trading	Extensive API support for advanced trading bots	API access for institutional and retail traders
Fiat gateway	Supports multiple fiat currencies	Supports multiple fiat currencies	Supports multiple fiat currencies

While WhiteBIT offers competitive fees, it may fall short for those seeking higher leverage in futures trading or more extensive fiat support. However, its strong security measures and instant transfer features like WhiteBIT Codes provide unique advantages.

Still, Binance remains a leader in terms of liquidity and trading options, while Kraken’s regulatory compliance and security protocols appeal to risk-averse users.

The bottom line

As a crypto platform, WhiteBIT offers a wide range of services, including spot, margin, and futures trading, staking options, and security measures like cold wallet storage and 2FA.

It’s safe to say that WhiteBIT appeals to both beginners and experienced traders by combining intuitive navigation with features like API access for automated trading and WhiteBIT Codes for instant, fee-free transfers within the platform.

One of WhiteBIT’s major strengths lies in its security measures, as it’s a highly audited and one of the most secure exchanges globally. Then again, there’s also its competitive fee structure, a broad selection of supported cryptocurrencies, and fiat gateways, allowing users to diversify their portfolios and easily move funds between traditional and digital finance.

However, WhiteBIT is not without its drawbacks. The mandatory KYC verification process, while enhancing security, may deter users who prioritize privacy. The platform’s futures trading is also limited to 100x leverage, which may not satisfy high-risk traders looking for more aggressive options.

In terms of security, WhiteBIT performs well with cold wallet storage, anti-phishing measures, and withdrawal whitelisting, but users must remain proactive by enabling all available security features. Additionally, it’s the first and only crypto platform to achieve the CCSS Level 3, all while holding the highest level of PCI DSS.

Ultimately, WhiteBIT offers a solid platform for cryptocurrency trading with a comprehensive range of features suitable for various trading strategies. While it may not be the perfect fit for those seeking the highest levels of leverage or regulatory backing, it provides a secure, cost-effective, and feature-rich environment for managing digital assets.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs on WhiteBIT

What is WhiteBIT?

WhiteBIT is a European cryptocurrency exchange that offers spot, margin, and futures trading, along with staking opportunities and robust security features like cold wallet storage and two-factor authentication (2FA).

Is WhiteBIT safe?

Yes, WhiteBIT employs multiple security measures, including cold storage for 96% of user funds, 2FA, anti-phishing codes, and mandatory KYC verification. It also holds CCSS Level 3 and the highest PCI DSS certification. While the platform has a strong security track record, users should still enable all security features for added protection.

Does WhiteBIT support margin trading?

Yes, WhiteBIT offers margin trading with flexible leverage options. Traders can use isolated or cross-margin modes and benefit from features like margin call alerts and automatic liquidation mechanisms.

How to put deposit on WhiteBIT?

You can deposit funds using cryptocurrencies or fiat currencies like USD, EUR, and UAH. Fiat deposits are available through bank transfers, credit/debit cards, and third-party services.

What are WhiteBIT Codes?

WhiteBIT Codes allow for instant, fee-free transfers between WhiteBIT accounts. These internal transfers bypass blockchain confirmation times, making them quicker and more private.

What are the trading fees on WhiteBIT?

WhiteBIT’s trading fees do not exceed 0.1% for both spot and margin trading. Discounts are available based on trading volume, making the platform competitive in terms of cost.

How can I withdraw funds from WhiteBIT?

Withdrawals can be made in both crypto and fiat currencies. Fiat withdrawals typically process within 24 hours, while crypto withdrawals depend on blockchain confirmation times.

Does WhiteBIT offer customer support?

Yes, WhiteBIT provides 24/7 customer support via phone and email. The platform also has a comprehensive help center and an active presence on social media channels like Telegram, Discord, and X (Formerly Twitter).

Is KYC mandatory on WhiteBIT?

Yes, completing KYC verification is required to access all features, including fiat deposits and withdrawals. The process involves submitting personal information, government-issued ID, and liveness check.

Can I use trading bots on WhiteBIT?

Yes, WhiteBIT offers an API with WebSocket and REST protocols, allowing users to integrate trading bots and automate their trading strategies.

How to buy DOGE on WhiteBIT?

To buy DOGE on WhiteBIT, log into your account, go to the Trade section, and select DOGE trading pair (e.g., DOGE/USDT). Enter the amount, choose a market or limit order, and confirm the purchase to complete the transaction.