Key Data

• Trading Name: WhiteBIT
• Legal Entity: WhiteBIT operates through seven legal entities, with offices in Ukraine, Turkey, Georgia, Portugal, Lithuania, Australia, and the United Kingdom, ensuring compliance with local regulations and providing support to users in each region
• Activities: Exchange
• Location: Lithuania
• Regulations: Europan Exchange and Custody license
• Key People: Vladimir Nosov (Linkedin).

What is WhiteBIT

WhiteBIT is a cryptocurrency exchange that provides a comprehensive platform for trading digital assets. It has over 5 million registered users globally and supports 9 fiat currencies, making it accessible to users across various regions. WhiteBIT offers more than 300 assets and 650+ trading pairs, including 150+ futures pairs, catering to both beginners and experienced traders.

Company Background

Founded in 2018 by Vladimir Nosov, WhiteBIT is headquartered in Lithuania and holds a European Exchange and Custody license. The exchange has partnered with notable blockchain projects such as Dash, Tron, and Matic.

Offerings

WhiteBIT offers a wide range of features for optimal trading, including staking, private crypto wallets, margin trading with up to 10x leverage, and futures trading with x1 to x100 leverage. Additional tools like WhiteBIT codes, trading contests, and currency rate monitoring widgets further enhance the trading experience.

Users can trade popular digital assets such as BTC, ETH, USDT, DOGE, and many more. The platform also has a fixed trading commission structure and a referral program. Both a TradingView web terminal and a mobile app are available for easy access to trading, and the company offers its own GitHub solution for crypto-related development.

WhiteBIT also provides a “Demo Token,” allowing users to practice trading strategies and learn the basics without risk, using the DBTC/DUSDT trading pair.

Restrictions

At present, U.S. investors cannot trade on WhiteBIT.

Security

WhiteBIT prioritizes security, holding 96% of its assets in cold storage. The platform employs 2FA, anti-phishing tools, and automatic logout for added protection. An independent audit by Hacken has rated WhiteBIT as one of the most secure exchanges globally, and CER.live ranks it among the top secure exchanges.

Performance

With a max daily trade capacity of $2.5 billion and an annual trading volume of approximately $900 billion, WhiteBIT is a major player in the crypto market. The platform also collaborates with over 1,000 institutional partners and has established key partnerships with high-profile organizations, including the Ukrainian National Football Team and FC Barcelona.

Conclusion

WhiteBIT stands out for its transparency and robust security measures, making it a reliable platform for cryptocurrency trading. Its compliance with regulatory requirements and strong performance position it as a leading exchange in the global market. Therefore, we rate WhiteBIT as GREEN.