WhiteBIT is a growing European cryptocurrency exchange that stands out in the market due to innovative products, comprehensive investment tools, and a strong emphasis on security. The company offers a wide range of services for investors, traders, and blockchain enthusiasts. 

If you're looking for a place to invest, trade, or secure your funds in the world of cryptocurrencies, WhiteBIT provides a broad array of products that help to maximize profits while ensuring high security standards.

WhiteBIT: brief introduction

WhiteBIT is one of the largest European centralized cryptocurrency exchanges (CEX). Established in 2018, it has quickly gained the bright spot in the sector, with 5 million daily users and a daily volume of $2.5 billion as of today. It was founded by the company’s CEO Volodymyr Nosov.

Apart from cryptocurrency exchange, WhiteBIT takes over a complex ecosystem of technical features and products. The centerpiece of it is WhiteBIT Coin ($WBT) – a native token of WhiteBIT, owning of which opens a wide range of advantages – from commission discounts to free security checks.

WhiteBIT is the official cryptocurrency partner of FC Barcelona, as well as Trabzonspor football club, TradingView, and other global companies. It is worth noting that WhiteBIT stands out by its robust security measures, as verified by CER.l

WhiteBIT’s Security Compliance

WhiteBIT prioritizes security, as evident in their dedicated Anti-Money Laundering (AML) Service. 

This innovative service monitors and analyzes transactions on the platform to prevent money laundering and other illegal activities. As a result, WhiteBIT meets the highest international compliance standards, giving users confidence that their funds are secure. 

The WhiteBIT AML Service automatically identifies suspicious transactions and verifies users’ identities according to KYC (Know Your Customer) requirements. This tool not only enhances the platform’s security but also builds trust with users, who can be assured that WhiteBIT will not tolerate any criminal activity.

Key features and advantages of WhiteBIT Advanced AML tools and KYC compliance ensure transaction security and user data protection. Apart from AML, the company employs advanced security standards for the users, including address’ checks for malicious activity, two-factor authentication (2FA), and robust protection systems against hacking attacks.

Trading fees of WhiteBIT

WhiteBIT users can buy and sell cryptocurrency under one of the most favorable conditions in the market. The standard trading fee, i.e., the fee for trading on the Spot market, on the exchange varies for some pairs but does not exceed 0.1%. 

Also, it’s worth noting that the fee for transactions on the Spot market for maker orders is charged in the currency the user receives, and for taker orders, in the currency they spend. For instance, the fee for a Market order to buy BTC/USDT is charged in USDT, while for a Limit order executed as a maker, — in BTC. 

Moreover, all signed-up users who have verified their identity have access to flexible trading conditions and various opportunities to reduce their fees, specifically through:

• Having WBT in Owning or Holding;
• Participating in the Market Making Program;
• VIP status;
• Institutional trading.

User-Friendly Trading Interface As A Priority  

First look at WhiteBIT reveals its intuitive interface. It allows users to navigate through the services directly from the headout, while clear layout and minimalistic visualization facilitates the process of choosing the function you need. 

The benefits of WhiteBIT’s smart interface unfold at the trading features. 

First and foremost, the exchange allows you to convert the funds at one fell swoop, with no need to use a trading terminal. All a user has to do is to choose from a wide list of currencies and enter the needed amount. 

What is more, WhiteBIT‘s trading terminal offers wide customisation options for its interface– from choosing between light and dark themes to changing the sizes and positions of the interface‘s elements. This can be done with an internal interface’s editor, which allows users to move and replace the elements of the terminal wherever they are comfortable with. 

Moreover, the wide array of users’ trading data can further be analyzed in an analytical dashboard. In it, users will receive a detailed outlook on profit and loss, equity trend, and portfolio performance in any chronological order possible.

Extra Income Options

WhiteBIT’s competitive side is providing extensive opportunities for its customers to benefit from the company's services. From Launchpad to WhitePool, it allows for different variations of income.

WhiteBIT Launchpad

One of the standout features of WhiteBIT is the Launchpad, which presents a unique opportunity for investors to engage early in innovative blockchain projects. Acting as an intermediary, WhiteBIT facilitates funding for emerging blockchain companies, allowing users to invest in groundbreaking cryptocurrency solutions before they hit the mainstream market. The Launchpad offers tokens at promotional prices, enabling investors to capitalize on potential growth. 

WhitePool

In addition to the Launchpad, WhiteBIT offers a product called WhitePool – a mining pool that aggregates computing power from miners worldwide, providing a cost-effective alternative to solo mining. This SHA256-powered pool also offers 0% fee for receiving rewards, automatic balance updates, and 24/7 multilingual customer support, available in English, Ukrainian, Polish, Turkish, and other languages. 

The effects of WhitePool have so far been prominent. Recently, WhitePool participants managed to mine 6 blocks in the Bitcoin Network in just 24 hours, collecting over 19 coins at a total value of $1.2 million in just 24 hours. This was followed by WhitePool’s hashrate surge in October, reaching the rate of over 7 EH/s and putting it in the top 15 global mining pools just months after launch. 

It also offers special programs for VIP-clients, which provides lowered fees for using the pool, stable rewards for miners with powerful hardware, and other features that are soon to be announced. 

How to Set Up an Account on WhiteBIT?

Getting started with WhiteBIT is straightforward. To set up an account, simply visit the WhiteBIT website and follow the registration process. Users will need to provide some basic information and verify their identity to comply with regulatory standards via Know-Your-Customer (KYC) framework. 

Once the account is set up, you can explore all the features WhiteBIT has to offer, including trading, investing in new projects through the Launchpad, and participating in WhitePool. For a detailed guide on account setup, refer to the instructions available on WhiteBIT.