Today, we have plenty of cryptocurrency trading companies in the market and WhiteBIT is one of them.
Anyone deep into crypto trading will probably know about WhiteBIT as it is the largest cryptocurrency trading company in Estonia. It was founded in 2019 to build a strong cryptocurrency community.
The primary goal of this company is to expand the use of blockchain technology by providing secure and user-friendly services.
If you are into crypto trading and want to know more about this company, you are in the right place. We have reviewed the basic details and other related information about WhiteBIT in the post below.
WhiteBIT Overview
WhiteBIT is a well-established crypto-to-fiat exchange that started operation in 2019. The Estonian exchange is mainly known for its advanced security features and quality service.
Apart from trading cryptocurrency, WhiteBIT users also enjoy other features such as staking, margin trading, P2P platform, etc.
The company is equipped with advanced technology that enables them to facilitate quick matching and transactions.
Currently, WhiteBIT ranks in the top 50 cryptocurrency exchanges in terms of the trading volume. They have business branches in 190 different countries and supports close to 100 crypto coins.
Trusted by millions of users, WhiteBIT is one of the best crypto exchanges to exist. But unfortunately, they do not serve users based in the American Virgin Islands, Guam, Iraq, Afghanistan, American Samoa, Iran, Yemen, Northern Mariana Islands, North Korea, Puerto Rico, Libya, Syria, USA, Pakistan, Palestine, Crimea, Somalia, and Sudan.
WhiteBIT is an AML-compliant service and has a referral program that helps you to earn by inviting others to join the platform.
WhiteBIT Features
WhiteBIT has certain unique features that help them stand out from other companies. Before you decide to join their platform, you should have an idea about the features they have.
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Customisable user-interface
The platform comes with a customisable interface that allows you to tweak it according to your preferences. Not just that, but the platform is also very user-friendly, which makes it ideal for both newcomers and experienced traders.
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Public and private API
The platform is backed by a strong API that gives you access to all data streams and features. Unlike other platforms, WhiteBIT provides you with both public and private REST APIs. The former comes in handy because it features important market data like trade history, recent trade activities, etc.
On the other hand, private REST APIs helps you to manage your funds and orders. With the help of this feature, it becomes easier to place orders, see trading volumes, cancel an order, withdraw, and make deposits.
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Fast transactions
WhiteBIT crypto exchange stands for speed and performance. They have built a platform that is capable of supporting up to 10,000 trades per second! Just so you know this is the fastest processing rate in the industry.
Users can easily take advantage of this feature to facilitate quick transactions in a highly volatile market.
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Instant P2P transactions
It doesn’t need any confirmation for instant P2P transactions. All the operations are fully regulated and so is the platform. WhiteBIT is backed by EU licenses to cover all exchange operations.
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Competitive fee structure
WhiteBIT has a very competitive fee structure. This is another big reason why traders are drawn to this platform.
The prices are lower than other exchanges. Besides that WhiteBIT also supports multiple order types including stop orders, limit orders, conditional orders, and market orders.
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Staking feature
This platform also has a staking option that allows you to deposit your cryptocurrency and select one of the available plans on the exchange.
WhiteBIT has 15 plans and each of them comes with different deposit limits and interest rates. You must select a plan that is most beneficial to you and receive 9% interest. The funds are stored in a Smart Box, which is protected by the platform itself.
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Affiliate program
Through the WhiteBIT affiliate program, you can earn up to 40% of the fees generated from your referrals.
You will be provided with a referral link that you need to share with others. People joining the platform using your link will help you earn an extra income.
Advantages
The main advantages of trading with WhiteBIT include:
- Variety of cryptocurrencies and fiat currencies
- Fast transactions
- Highly secured platform
- Free multicurrency account
- Multiple depositing/withdrawing options
- Profitable way to invest in blockchain projects
- No additional charges
Disadvantages
The drawbacks of WhiteBIT are:
- Lack of communication mediums with the platform
- No advanced training is available
Overall, WhiteBIT is an efficient trading platform for both beginners and experienced crypto traders. It supports various cryptocurrencies and offers a very competitive pricing structure. On this platform, you can trade with lightning speed. They provide a completely safe and secure environment for users to trade without any worries or fear.
