WhiteBIT vs Binance: Fees, Coins, Safety Comparison
| Feature | WhiteBIT | Binance |
|---|---|---|
Overall |
3.8 |
4.8 |
3.7 |
4.5 |
|
3.5 |
4.8 |
|
4.3 |
5.0 |
|
Investment Instruments |
3.9 |
4.7 |
Platforms and Charting Tools |
3.6 |
4.9 |
Deposit and Withdrawal |
4 |
4.7 |
Research |
3.9 |
4.6 |
Education |
3.7 |
4.8 |
Support |
3.5 |
4.8 |
Bonuses |
3.8 |
4.2 |
|
Your capital is at risk.
|
Your capital is at risk.
|
WhiteBIT vs Binance: Pros and Cons
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, 1:20 leverage is provided. In addition to active trading, there is the possibility of investing in a blockchain project with interest payments (from staking). The exchange has a standard referral program, and trading commissions are fixed. There is a TradingView web terminal and a mobile trading application.
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
| WhiteBIT | Binance | |
|---|---|---|
| Overall Pros | Bitcoin, dozens of altcoins and tokens, four fiat currencies, including the USD and the EUR; | Trading With Leverage up to 1:100 |
| large trading volumes, high liquidity, multilevel security system; | Low Trading and Non-Trading Fees | |
| basic trading for beginners, spot and margin, P2P exchanger, and free multicurrency account; | 10+ Account Fiat Currencies + 50 Crypto | |
| most options for depositing/withdrawing funds such as e-wallets, bank cards, and transfers; | Derivatives, NFT, ETF are Available | |
| a simple and profitable system for investing in blockchain projects of crypto exchange affiliates; | Indicators are Available | |
| the commission does not change - 0.1% of the trade amount, and no additional fees or charges; | Passive Income With Staking and Mining Pool | |
| FAQs on the basics of crypto trading, a demo token for education and training. | Strong Research | |
| Overall Cons | communication with the exchange only through the website and email, there is no call center or alternative methods of prompt communication; | No tier-1 regulation |
| there is no advanced training, except for staking; and there are no alternative investment options. |
WhiteBIT vs Binance: Safety and Regulation
| Regulated By: | WhiteBIT | Binance |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
Yes |
Spain Regulated |
Yes |
Yes |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
Yes |
Seychelles Regulated |
No |
No |
Other countries |
Lithuania, Poland, Czech Republic, Bulgaria |
OAM (Italy), FIU (Lithuania), Swedish Financial Supervisory Authority, Bank of Spain, AFSA (Kazakhstan), CASP (Bahrain), VARA (Dubai), FIU-IND (India), Bappebti (Indonesia), JFSA (Japan), FSP (New Zealand), Securities and Exchange Commission of Thailand, DASP (El Salvador), CNV (Argentina) |
WhiteBIT vs Binance: Trading Conditions
| Trading Conditions | WhiteBIT | Binance |
|---|---|---|
Minimum deposit, USD or USDT |
10 |
0 |
Futures leverage |
100 |
100 |
Spot leverage |
10 |
10 |
Supported Coins |
276 |
415 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
0 |
1 |
WhiteBIT vs Binance: Fees
| Fee | WhiteBIT | Binance |
|---|---|---|
Spot Taker fee |
0,1 |
0,1 |
Spot Maker fee |
0,1 |
0,1 |
Futures Taker fee |
0,05 |
0,05 |
Futures Maker fee |
0,02 |
0,02 |
Deposit fee |
No |
No |
Withdrawal fee |
0,0004 BTC 0,00367 ETH |
0-3,5% |
P2P taker fee |
No |
0,1 |
P2P fee rate, maker fee |
No |
0,1 |
WhiteBIT vs Binance: Trading Assets
| Asset Name | WhiteBIT | Binance |
|---|---|---|
Coins Supported |
276 |
415 |
P2P |
Yes |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
No |
Yes |
Futures |
Yes |
Yes |
WhiteBIT or Binance: Investment Programs
| Asset Name | WhiteBIT | Binance |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yield farming |
Yes |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: Binance or WhiteBIT
| WhiteBIT | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Binance or WhiteBIT
| WhiteBIT | Binance | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
no |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or WhiteBIT
| WhiteBIT | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Binance or WhiteBIT
| WhiteBIT | Binance | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or WhiteBIT
| WhiteBIT | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
Yes |
WhiteBIT vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | WhiteBIT | Binance |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
WhiteBIT vs Binance: Research
| Research Type | WhiteBIT | Binance |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
WhiteBIT vs Binance: Education
| Education Type | WhiteBIT | Binance |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs WhiteBIT: Support
| Support Features | WhiteBIT | Binance |
|---|---|---|
Working Days |
44766 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
No |
Telegram |
WhiteBIT vs Binance: Crypto Bonuses and Promo
| Promo | WhiteBIT | Binance |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
Get 40% of every trading fee paid by the users who sign up via your referral link |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Prefer using Binance because of their low fees. They are the catalyst of low trading costs at a time users are sick of getting burned by high trading fees on platforms like Coinbase. I remember clearly that upon its entry in the market, these platforms all raced to lower their fees because of knowing they will clearly lose market share to this newcomer. Binance has had a 0.1% spot trading fee since the beginning. Because it’s low I never bothered to check if they charge the exact amount in all of my trades, in small or big amounts. I just know that they always offer the best prices for the assets that I trade (I only trade in the spot market) and have an extensive list of tradable tokens. Cheap + flexible… the best one in the crypto market yet.
-
Comment
I like Binance’s trading terminal. It is modern, sleek, and shows relevant information you need for your trades spot on. At the same time, it is not intimidating to navigate around which is a common problem for crypto platforms that prioritize a modem vibe in their UI. It instantly shows the summary of my crypto portfolio, the distribution between assets and the amount, and has the daily PnL (profit and loss) record for the day. This way it is so easy to track which assets performed well in the last 24 hours and which ones lagged behind. I like to hold only a handful of assets for easy traceability of my wins. But even when I add a couple more, it is still uncomplicated to make sense of my stats. Love that crypto is now in a rollercoaster that only goes up and seeing all those greens in my portfolio gives me a great sense of motivation.
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
Top 5 Reviews on WhiteBIT
-
Comment
WhiteBIT won me over with its versatility — from spot trading to margin trading with up to 1:100 leverage. Support for USD, EUR, and UAH is a big plus for users from the CIS region. It's convenient that the minimum entry is just 0.0005 BTC. There’s a mobile app and a standard demo token for practice. The platform is suitable for beginners thanks to its simple interface and transparent fee policy. However, I’d like to see more investment options — the current selection is still limited.
-
Comment
I use WhiteBIT as a backup platform for operations with altcoins and fiat. Liquidity is decent, and the 0.1% fee comes with no hidden charges. Security deserves special mention: 98% of funds are stored in cold wallets, there’s WAF protection, and the reserve fund is located in the US. Registration and verification didn’t take much time. The main drawback is limited educational content and only one type of investment option, but overall the platform is reliable.
-
Comment
I came across WhiteBIT by chance while looking for a platform offering margin trading. What caught my attention was the 1:100 leverage and the availability of both spot and margin operations. I also appreciated the multi-currency account. With a minimum deposit of just 0.0005 BTC, the exchange is quite accessible. Of course, I’d like to see more investment options beyond just crypto deposits, but for trading purposes, the conditions are solid.
-
Comment
WhiteBIT left a mixed impression. On the one hand, the wide selection of assets — including 10 fiat currencies and dozens of altcoins — is convenient. I appreciated the simplicity of deposits and withdrawals: e-wallets and bank cards are supported, and the fee is fixed at 0.1%. On the other hand, there’s no advanced educational content, only basic materials. For experienced users, that might not be enough. Still, the platform is stable, and the trading conditions are fair overall.
-
Comment
One of the upsides of Whitebit’s support is that, unlike many top exchanges, you can actually get through to a real specialist instead of being stuck with irrelevant chatbot answers. However, non-English-speaking traders might run into some issues. If you need a quick resolution, it’s best to go with English for communication. If you're not strong in English, be prepared to wait—sometimes for quite a while, even up to half a day. Plus, when a specialist does become available, you have to be in the chat. If you miss them, there are no follow-up messages in the app. I missed my specialist once and only realized the next day that they had responded to me the same day.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.