WhiteBIT Review 2024
Minimum
deposit:
  • 0.0005 BTC

Trading platform:

  • TradingView

WhiteBIT Review 2024

Updated:
Updated: March 12, 2024
Your capital is at risk.

7.82

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • 0.0005 BTC

Trading platform:

  • TradingView
Trading features:
  • Many cryptocurrencies and tokens, 10 fiat, a demo token, a profitable referral program, investment (Crypto Lending), low fixed fees

Summary of WhiteBIT Crypto Exchange

WhiteBIT is a reliable cryptocurrency exchange with the TU Overall Score of 7.82 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by WhiteBIT clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company. WhiteBIT ranks 13 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

The WhiteBIT cryptocurrency exchange offers a simple and convenient trading terminal, a functional mobile application, and additional opportunities for active and passive earnings. There are many crypto-crypto and crypto-fiat pairs on the platform that can be traded on spot and margin, plus basic (simplified) trading. Trading commissions are only 0.1%, the minimum deposit, and are very small (0.0005 BTC). The referral program is standard one-level, and the Crypto Lending system is also typical.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

The WhiteBIT exchange is a universal platform for trading and exchanging cryptocurrencies. In addition to basic (simplified) trading, there are spot and margin trading. Bitcoin, Litecoin, Ethereum, Ripple, DASH, and dozens of other altcoins are traded on the exchange. Fiats are represented by the USD and the EUR. For margin trading, 1:10 leverage is provided. In addition to active trading, there is the possibility of investing in a blockchain project with interest payments (from Crypto Lending). The exchange has a standard referral program, and trading commissions are fixed. There is a TradingView web terminal and a mobile trading application. The company offers its own GitHub solution for the cryptocurrency business.

💰 Account currency: Cryptocurrencies, currencies
🚀 Minimum deposit: 0.0005 BTC
⚖️ Leverage: 1:10
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, USD, EUR
💹 Margin Call / Stop Out: No

👍 Advantages of trading with WhiteBIT:

  • Bitcoin, dozens of altcoins and tokens, 10 fiat currencies, including the USD and the EUR;
  • large trading volumes, high liquidity, multilevel security system;
  • basic trading for beginners, spot and margin, P2P exchanger, and free multicurrency account;
  • most options for depositing/withdrawing funds such as e-wallets, bank cards, and transfers;
  • a simple and profitable system for investing in blockchain projects of crypto exchange affiliates;
  • the commission does not change - 0.1% of the trade amount, and no additional fees or charges;
  • FAQs on the basics of crypto trading, a demo token for education and training.

👎 Disadvantages of WhiteBIT:

  • communication with the exchange only through the website and email, there is no call center or alternative methods of prompt communication;
  • there is no advanced training, except for Crypto Lending.

Evaluation of the most influential parameters of WhiteBIT

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

5.15

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

8.60

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.15

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

8.20

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

7.32

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

6.21

/10

Trade with this broker, if:

  • You're new to cryptocurrency trading, as WhiteBIT offers a simple and easy-to-use platform, making it suitable for beginners. They also provide educational resources to help you learn the ropes and offer basic spot trading.
  • Security is important to you, as WhiteBIT takes security seriously, using measures like cold storage, DDoS protection, and two-factor authentication to protect your assets. They haven't experienced any major security breaches.

Do not trade with this broker, if:

  • You're looking for low fees. While WhiteBIT offers a user-friendly platform and a wide range of trading options, their fees are slightly higher than some other exchanges. They also charge extra for deposits and withdrawals.
  • You need advanced features, as WhiteBIT doesn't offer some advanced features like margin lending and staking that you might find on other exchanges. If these features are essential to your trading strategy, you might want to consider a different platform.

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at WhiteBIT cryptocurrency exchange.

Login preview

Enter the referral code when you register on the website or WhiteBIT app.

423996e1-701b-4d06-8be1-bd58f6f3c8c5

Login preview

*TU may receive partnership reward for registration of the client on the company’s website on a referral link.

Your capital is at risk.

Geographic Distribution of WhiteBIT Traders

Popularity in

10.9%
EG
Egypt
10.4%
IN
India
7.7%
JP
Japan
7.3%
DZ
Algeria
6.9%
SA
Saudi Arabia
6.7%
AR
Argentina
4.4%
TR
Turkey
3.8%
MA
Morocco
3.3%
BD
Bangladesh
58.6%
Others
Others

Video Review of WhiteBIT i

User Satisfaction i

52 comments
Total score:
4.3 /10

Share your experience

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fxexcellence
7 weeks ago

My review of WhiteBIT is quite normal. The fee here is ok, I make a profit on long-term trades. Liquidity is not bad, despite the fact that the exchange is not very cool. There are coins, so you can trade. On the technical side, there are no obvious problems: nothing freezes too much, the platform is working. I did not notice any fraudulent actions on the part of WhiteBIT.

Responses to a comment
WhiteBIT Team to fxexcellence
5 weeks ago

Thank you for sharing your review of WhiteBIT! It's great to hear that you find the fees reasonable and that you've been able to profit from long-term trades on the platform. It's reassuring to know that you haven't encountered any significant technical issues or fraudulent activities on the platform. Your feedback provides valuable insight for those considering using WhiteBIT.

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wikur
9 weeks ago

I withdrew money to my bank card. They promised that the withdrawal would be within two hours. But in fact, it took two days for the money to arrive. Why do I need such an exchange where they clearly engage in deception? Now a representative of WhiteBIT will come out and start telling tales about how well the exchange works, and all the problems arise only because of the banks. Not true! I work with another exchange, withdraw to the same bank, and the withdrawal happens several times faster.

Responses to a comment
WhiteBIT Team to wikur
8 weeks ago

Thank you for bringing this matter to our attention, and we sincerely apologize for the inconvenience you experienced with the withdrawal process. We understand the importance of timely transactions and we regret any delay that occurred.

We assure you that it is not our intention to deceive our users. While we strive to provide efficient services, there are occasions when unforeseen circumstances, including banking procedures, may cause delays in processing withdrawals.

Your feedback is invaluable to us, and we are actively reviewing our withdrawal processes to identify areas for improvement and prevent such delays in the future. Please provide information on which payment system you used so that we can investigate the issue further.

We appreciate your patience and understanding in this matter. Should you have any further concerns or require assistance, please do not hesitate to contact our support team by using support@whitebit.com.

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susantha
12 weeks ago

My history of working with WhiteBIT is sad. Frequent delays in order execution resulted in heavy losses. It feels like all the technical problems are created on purpose. The support service is poor and it is impossible to get quick help from them. I see that representatives of the exchange quickly respond only on resources where negative reviews are written about WhiteBIT. It would be very good if they reacted to my requests like this. I recommend avoiding this exchange due to poor service and problems with the platform.

Responses to a comment
WhiteBIT Team to susantha
9 weeks ago

Good afternoon! We are very sorry to hear that you had a negative experience. We are very eager to help you. Please provide us with the details of your situation: your nickname or email address you used to register with the exchange, as well as details of the technical issues (when they occurred, what transactions you made) and your contact with support. We look forward to hearing from you.

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shezi
15 weeks ago

The Whitebit exchange is very weak. The conditions they offer seem normal in theory, but it's only on paper. In reality, the trading platform performs poorly, with significant issues. I don't know about the trading volumes here, but there are constant problems with executing market orders as well as limit orders. Whitebit allows withdrawals, but delays are frequent.

Responses to a comment
WhiteBIT Team to shezi
15 weeks ago

Thank you for sharing your experience. We understand your concerns and apologize for any inconvenience you've faced.

Regarding the platform's performance, our trading volumes are publicly available on CoinMarketCap for transparency. It's essential to note that orders are executed in a queue system, and the speed might be influenced by the volume of buy and sell requests in line.

We take these matters seriously and are constantly working to improve our platform's performance and overall user experience. Your feedback helps us identify areas that require attention.

If you encounter any specific issues or have further feedback, please feel free to reach out to our support team. We're dedicated to addressing concerns promptly and enhancing our services?.

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soedai
18 weeks ago

Recently, WhiteBIT has begun to improve its rating. If earlier there were a lot of negative reviews about this exchange, now major resources are simply bombarded with positive reviews created as a blueprint. And even here, on Traders Union, WhiteBIT’s bot writes to spam all the negative reviews. So I will still say - WhiteBIT is a deception and a scam!

Responses to a comment
WhiteBIT Team to soedai
17 weeks ago

Good afternoon! We assure you that our team consists of people, not bots??‍♀️??‍♂️. In addition, the positive reviews that users leave online about our services and products are published directly by users, which is invaluable to us! Unfortunately, this is not the case with negative reviews, which are often copied from one to another and sometimes you can even see the same negative text on several platforms??‍♂️.
Thank you for your feedback and we hope that you are satisfied with our product!

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niyanot
18 weeks ago

WhiteBIT - a questionable exchange. It feels like everything works against the trader here. Fortunately, I deposited very little on the WhiteBIT exchange because that money was lost. It's impossible to trade profitably because the exchange widens the spread so much that it either results in a complete loss of the deposit or the stop-loss is triggered. I do not recommend trading with WhiteBIT; it's better to find another exchange.

Responses to a comment
WhiteBIT Team to niyanot
18 weeks ago

We're sorry to hear about your experience and regret that it did not meet your expectations. We take user feedback seriously as we strive to provide a secure and favorable trading environment for all our users.

We understand that the market conditions and trading environment might not have aligned with your expectations. Our goal is to ensure fair and transparent trading practices. However, we acknowledge that fluctuations and spread dynamics can sometimes challenge traders.

We constantly work on improving our services and aim to offer a wide range of features and markets to cater to various trading strategies. Your feedback regarding the spread will be carefully reviewed by our team to see where enhancements can be made.

We value your input, and if you'd like to discuss your experience further or provide additional details, please don't hesitate to reach out. We're committed to addressing concerns and enhancing our platform based on user feedback.

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jasakreatif
20 weeks ago

It is easy to deposit money with White BIT. But it is very difficult to withdraw this money later. I transferred USDT coins here. The coins arrived in the account quickly. Then, after a week of trading, I decided to withdraw all my funds. And here White BIT began to require verification, providing documents, etc. It's been a month now, but I still can't get my cryptocurrency back.

Responses to a comment
WhiteBIT Team to jasakreatif
19 weeks ago

I'm sorry to hear about your experience with WhiteBIT. We understand how crucial it is for our users to have a smooth and efficient withdrawal process.

We apologize for any inconvenience caused during the withdrawal process. To ensure compliance with our security protocols and industry regulations, we sometimes require verification for withdrawals, especially for larger amounts or after a certain period of account activity. This verification is essential to protect your funds and maintain the security of our platform.

We acknowledge that delays in the verification process can be frustrating, and we are continuously working to streamline and expedite these procedures. Please know that our team is dedicated to resolving your withdrawal request as promptly as possible.

If you're still facing difficulties in withdrawing your funds, please reach out to our customer support team directly with your account details (support@whitebit.com or create a ticket on the site).

Expert Review of WhiteBIT

The WhiteBIT cryptocurrency exchange was founded by an international group of specialists and provides an extensive list of opportunities for trading, exchanging cryptocurrencies, as well as investing in them. The company is officially registered, has a valid European license for the provision of the services related to the circulation of virtual currencies, and its number is indicated on the website. There are also certificates of compliance with the KYC and AML standards agencies.

The platform is characterized by a large volume of trading, and residents from all over the world are present on it since there are no regional restrictions. Plus, there is a high level of security because of its proprietary data encryption system. Almost 97% of funds are kept in cold storage wallets while only about 4% are kept in hot wallets. The advanced WAF system is used to detect and block hacker attacks. As a method of insurance, the company uses a reserve fund. Funds are stored separately in US banks.

WhiteBIT offers a standard trading terminal and a mobile application for trading. Trading commissions are fixed and objectively low - 0.1% for everyone. However, there are commissions for the deposit/withdrawal of some assets. Users can passively earn on the standard referral program and investment Crypto Lending system (credit deposits in cryptocurrency). Benefits for beginners include basic training, demo tokens, and a minimum deposit of 0.0005 BTC.

No instances of a scam were registered. Tests have shown high stability of the system at peak load. The experts did not identify any bugs or vulnerabilities.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest WhiteBIT News

17.08.2023
Chinese cryptojournalist Colin Wu, known on X (Twitter) as Wu Blockchain, has expressed concerns about the liquidity of the WhiteBIT exchange and its high
13.08.2023
For the first time in six months, Visa has decided to partner with a cryptocurrency exchange. The company signed a Memorandum of Understanding (MoU) with
04.08.2023
Cryptocurrency exchange WhiteBIT has announced the launch of its core blockchain network, WB Network. WB Network uses the Proof-of-Authority (PoA)

Dynamics of WhiteBIT’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The WhiteBIT crypto exchange offers only one investment option - Crypto Lending. This is a system that allows any user of the platform to become an investor and passively earn interest on the deposit made to the program. To use it, you must register, verify your identity and go to the appropriate section of the site.

All current programs are presented in the Crypto Lending section. For each of them, the currency, the minimum and maximum deposit, and the deposit period are indicated. The uniqueness of the system is that the calculation of profitability is integrated into it. You simply enter the amount and, even without making a deposit, you know exactly how much you will earn under the Crypto Lending program. The pool has programs for almost all altcoins and tokens, the programs are constantly updated. Placement is for a period from 10 to 360 days.

The platform does not charge the investor additional fees for using the service. Interest is transferred after the end of the active program, together with the return of the deposit in the previously invested currency. The transfer is made to a special investment account of the user that is linked to the main account. Earned interest can be withdrawn by any method without restrictions.

The Launchpad by WhiteBIT offers the exclusive chance to purchase tokens of promising crypto projects at a fixed price before they hit the market.

Crypto Borrow. The tool allows you to borrow digital assets from us for any period and use them for trading, transfers, and withdrawals. Available assets on your Collateral Balance will be used as a pledge.


Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

WhiteBIT’s affiliate program

WhiteBIT provides a standard one-level referral program. To participate in it, you need to register and verify, then go to the "Referral program" section. In this section, there is a button "Get a link". Upon activation, you will receive a personal referral link that can be placed anywhere without restrictions.

Each user who follows your referral link will become your affiliate (referral). As soon as he registers, confirms the data, makes a deposit, and starts trading, you will receive income from his trades. The income is 50% of the referral's trading commissions.

The program is unlimited - you receive income from an affiliate for as long as he trades on the platform. The number of affiliates is not limited. You do not receive income from users invited by your affiliates. All data on your referrals and payments are available in the "Referral program" section. Payments are made once a calendar month - on the first day at 00:00 UTC.

Trading Conditions for WhiteBIT Users

The WhiteBIT crypto exchange has an objectively low minimum deposit - 0.0005 BTC or an equivalent amount in any other cryptocurrency/currency. You can enter the required amount from your MC / Visa card, from other cryptocurrency wallets. Please note that for some assets (for example, USD) there are commissions on deposit. For margin trading, the crypto exchange provides the opportunity to trade with a leverage of up to 1:10 (thanks to the credit funds of other users attracted through the investment program). Communication with technical support may be through tickets on the website or via the trading terminal. There are also several email addresses for various questions.

0.0005 BTC

Minimum
deposit

1:10

Leverage

24/7

Support

💻 Trading platform: Own TradingView
📊 Accounts: Standard
💰 Account currency: Cryptocurrencies, currencies
💵 Replenishment / Withdrawal: Bank cards, cryptocurrency wallets
🚀 Minimum deposit: 0.0005 BTC
⚖️ Leverage: 1:10
💼 PAMM-accounts: No
📈️ Min Order: From 0
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, USD, EUR
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: No data
⭐ Trading features: Many cryptocurrencies and tokens, 10 fiat, a demo token, a profitable referral program, investment (Crypto Lending), low fixed fees
🎁 Contests and bonuses: No data
Your capital is at risk.

Broker comparison table of trading instruments

WhiteBIT Bybit OKX XT.com Paxful LATOKEN
Forex No No No No No No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

WhiteBIT Commissions & Fees

Information
The WhiteBIT cryptocurrency exchange charges a commission for all transactions in the amount of 0.1% of the trade amount. The amount of the fee is not influenced by third-party factors such as the trader's trading volume, asset type, trade volume. But for some assets, the commission may be lower. The exact amount of the commission can always be found on the "Trades" page when placing an order.
Account type Spread (minimum value) Withdrawal commission
Standard 0,01% per order Yes

The platform takes a commission when withdrawing funds. Commissions are fixed and depend only on the type of asset. For example, for Bitcoin, it is 0.0004 BTC; for USDT (TRC20), it is 2 USDT; and for USDC, its 10 USDC.
Please note that WhiteBIT also charges a deposit fee. The deposit method matters. For example, if you deposit USD through a bank card, the commission is USD 5 + 3.5% of the amount; if through Perfect Money, it's 3%; through AdvCash, it's 1.5%. The fee is not relevant for some assets (BTC, ETH, and several others). All this information can be specified in the "Commissions" section, which can be accessed from the main page of the crypto exchange website.

Broker Average commission Level
WhiteBIT $0.01 Low
Bybit $20 High
Bitfinex $0.1 Medium
Logo WhiteBIT
$0.01
$20
$0.1

Contacts

Foundation date 2018
Registration address Lithuania, Vilnius
Official site
Contacts
Your capital is at risk.
Disclaimer:

Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
WhiteBIT Review WhiteBIT Review

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FAQs

Do reviews by traders influence the WhiteBIT rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about WhiteBIT you need to go to the broker's profile.

How to leave a review about WhiteBIT on the Traders Union website?

To leave a review about WhiteBIT, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about WhiteBIT on a non-Traders Union client?

Anyone can leave feedback about WhiteBIT on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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