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 |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Clear White Technologies (Hongkong) |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
WhiteBIT vs Binance: Trading Conditions
| Trading Conditions | WhiteBIT | Binance |
|---|---|---|
Minimum Deposit |
0.0005 BTC |
$1 |
Trading Platforms |
WhiteBIT TradingView |
Binance |
Max Leverage (Futures) |
1-20 |
1-100 |
Number of Markets |
138 |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
EUR, USD, UAH, RUB + 51 crypto |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
WhiteBIT vs Binance: Fees
Trading Fees
| Fee | WhiteBIT | Binance |
|---|---|---|
Max Maker |
0.10% |
0.1% |
Max Taker |
0.10% |
0.1% |
Min Maker |
0.10% |
0.012% |
Min Taker |
0.10% |
0.024% |
Debit/Credit Card Purchase Fee |
3% for RUB; 0,7% for UAH; 2.7% and 4.5% others, depending on the fiat currency. |
0.01 |
Futures Trading fees
| Fee | WhiteBIT | Binance |
|---|---|---|
Max Maker |
not supported |
0.02% |
Max Taker |
not supported |
0.04% |
Min Maker |
not supported |
0 |
Min Taker |
not supported |
0 |
Non-Trading Fees
| Fee | WhiteBIT | Binance |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Crypto deposits - free; ADVCash 1,5%; Perfect money 3%; Visa/Mastercard 0,7%-4,5% depending on the currency, Qiwi 2,5%, Yandex 2,5% |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
0,7%-4% depending on the currency |
0.0001 |
BTC Withdrawal Fee |
No |
0.0001 BTC |
Inactivity Fee |
No |
No |
WhiteBIT vs Binance: Trading Assets
| Asset Name | WhiteBIT | Binance |
|---|---|---|
Overall |
86+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
WhiteBIT or Binance: Investment Programs
| Asset Name | WhiteBIT | Binance |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
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
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.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on WhiteBIT
-
Comment
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.
-
Comment
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.
-
Comment
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.
-
Comment
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.
-
Comment
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!
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.