WhiteBIT vs Revolut (crypto): Fees, Coins, Safety Comparison
| Feature | WhiteBIT | Revolut (crypto) |
|---|---|---|
Overall |
3.8 |
3.1 |
3.7 |
3.1 |
|
3.5 |
2.1 |
|
4.3 |
3.8 |
|
Investment Instruments |
3.9 |
4.1 |
Platforms and Charting Tools |
3.6 |
2.9 |
Deposit and Withdrawal |
4 |
4.2 |
Research |
3.9 |
1 |
Education |
3.7 |
1 |
Support |
3.5 |
4.2 |
Bonuses |
3.8 |
3.9 |
|
Your capital is at risk.
|
WhiteBIT vs Revolut (crypto): 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.
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
| WhiteBIT | Revolut (crypto) | |
|---|---|---|
| Overall Pros | Bitcoin, dozens of altcoins and tokens, four fiat currencies, including the USD and the EUR; | minimum trade is only $1 |
| large trading volumes, high liquidity, multilevel security system; | Buying and selling crypto without openning crypto exchange account | |
| 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; | ability to invest in stocks, crypto, fiat deposits etc | |
| a simple and profitable system for investing in blockchain projects of crypto exchange affiliates; | setting financial goals with Vaults option | |
| 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. | ||
| Overall Cons | communication with the exchange only through the website and email, there is no call center or alternative methods of prompt communication; | Only 21 supported coins |
| there is no advanced training, except for staking; and there are no alternative investment options. | No options for active trading | |
| Revolut's cryptocurrency service is not regulated by the FCA | ||
| High fees |
WhiteBIT vs Revolut (crypto): Safety and Regulation
| Regulated By: | WhiteBIT | Revolut (crypto) |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Clear White Technologies (Hongkong) |
Authorised and regulated by the Financial Conduct Authority in the UK |
WhiteBIT vs Revolut (crypto): Trading Conditions
| Trading Conditions | WhiteBIT | Revolut (crypto) |
|---|---|---|
Minimum Deposit |
0.0005 BTC |
$1 |
Trading Platforms |
WhiteBIT TradingView |
Revolut |
Max Leverage (Futures) |
1-20 |
1:1 |
Number of Markets |
138 |
21 |
Trading Accounts |
1 |
4 |
Base Account Currencies |
EUR, USD, UAH, RUB + 51 crypto |
USD, EUR, GBP and 30+ fiat currencies |
WhiteBIT vs Revolut (crypto): Fees
Trading Fees
| Fee | WhiteBIT | Revolut (crypto) |
|---|---|---|
Max Maker |
0.10% |
2.5% |
Max Taker |
0.10% |
1.55% |
Min Maker |
0.10% |
2.5% |
Min Taker |
0.10% |
1.55% |
Debit/Credit Card Purchase Fee |
3% for RUB; 0,7% for UAH; 2.7% and 4.5% others, depending on the fiat currency. |
Not supported |
Futures Trading fees
| Fee | WhiteBIT | Revolut (crypto) |
|---|---|---|
Max Maker |
not supported |
not supported |
Max Taker |
not supported |
not supported |
Min Maker |
not supported |
not supported |
Min Taker |
not supported |
not supported |
Non-Trading Fees
| Fee | WhiteBIT | Revolut (crypto) |
|---|---|---|
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 |
Not supported |
Debit/Credit Card Withdrawal Fee |
0,7%-4% depending on the currency |
Not supported |
BTC Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
WhiteBIT vs Revolut (crypto): Trading Assets
| Asset Name | WhiteBIT | Revolut (crypto) |
|---|---|---|
Overall |
86+ |
21 |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
No |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
No |
Stellar (XLM) |
Yes |
no |
IOTA (MIOTA) |
No |
no |
Tron (TRX) |
Yes |
No |
Derivatives (Futures) |
No |
No |
NFT |
No |
No |
Crypto ETF |
No |
no |
WhiteBIT or Revolut (crypto): Investment Programs
| Asset Name | WhiteBIT | Revolut (crypto) |
|---|---|---|
Staking |
Yes |
No |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
vaults savings, cash savings |
Trading Platforms: Revolut (crypto) or WhiteBIT
| WhiteBIT | Revolut (crypto) | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Revolut (crypto) or WhiteBIT
| WhiteBIT | Revolut (crypto) | |
|---|---|---|
SMS Based 2 FA |
No |
no |
App Based 2 FA |
Yes |
no |
Voice Call 2 FA |
no |
no |
Search Bar |
Yes |
no |
Filters |
Yes |
no |
Technical Analysis: Revolut (crypto) or WhiteBIT
| WhiteBIT | Revolut (crypto) | |
|---|---|---|
Indicators |
Yes |
No |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
No |
Mobile trading: Revolut (crypto) or WhiteBIT
| WhiteBIT | Revolut (crypto) | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Revolut (crypto) or WhiteBIT
| WhiteBIT | Revolut (crypto) | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
WhiteBIT vs Revolut (crypto): Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | WhiteBIT | Revolut (crypto) |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
WhiteBIT vs Revolut (crypto): Research
| Research Type | WhiteBIT | Revolut (crypto) |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
WhiteBIT vs Revolut (crypto): Education
| Education Type | WhiteBIT | Revolut (crypto) |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
No |
Videos |
No |
No |
Webinars |
No |
No |
Revolut (crypto) vs WhiteBIT: Support
| Support Features | WhiteBIT | Revolut (crypto) |
|---|---|---|
Working Days |
44766 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
No |
no |
Other |
No |
community support, app-based chat |
WhiteBIT vs Revolut (crypto): Crypto Bonuses and Promo
| Promo | WhiteBIT | Revolut (crypto) |
|---|---|---|
Crypto Bonus |
No |
$50 Welcome Bonus. This Promotion is open to new Revolut retail customers who live in the United States. This Promotion runs from April 7, 2022 until June 30, 2022. |
Affiliate Program |
Get 40% of every trading fee paid by the users who sign up via your referral link |
The impact is a referral program in which you need to be a Revolut customer to participate. Depending on which plan the connected referral chooses, the partner is paid from £2 to £20. Payments are calculated and made every month. After approving the request, the company gives the partner a unique link and materials to be placed and promoted on websites. The partner can track the number of link clicks and referrals in his personal cabinet. |
|
Your capital is at risk.
|
Top 5 Reviews on Revolut (crypto)
-
Comment
Trading here goes without problems. Now I’m learning everything little by little, since I haven’t been on the stock market that long. Reviews prove that this company is good and I saw it myself after trading here for 3 months.
-
Comment
I’ve been using the services of Revolut Bank for a year and everything is fine. I received a card, everything is quite convenient, and transfers are fast. The mobile application is not bad. The only problem, in my opinion, is confirmation of deposits and withdrawals, which can take quite a long time sometimes.
-
Comment
Everything you need is here for normal trading. In addition, there is help from the staff. Everyone will help. So feel free to start trading here.
-
Comment
I chose Revolut Bank based on customer reviews. Most customer reviews are positive. So I decided to open an account here. Revolut Bank itself is now considered by many to be very popular in Europe due to its low service fees. Yes, the commissions here are below average. But there is a problem - this is a long transfer of funds.
-
Comment
The main advantage of the Revolut card is that it is truly multi-currency and supports about 150 currencies. You can always exchange your currency for any other at the standard interbank rate. And this will happen without unnecessary markups and conversions. In addition, it is possible to create virtual maps. The only negative thing for me was that there are commissions for some currencies, although I thought there were none.
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.