WhiteBIT
WhiteBIT is a centralized cryptocurrency exchange that was founded in 2018. It is based in Estonia and offers 200+ cryptocurrency trading pairs with competitive fees and good liquidity for major coins.
exchange
trading
cryptocurrency
bitcoin
altcoins
blockchain
WhiteBIT: Centralized Cryptocurrency Exchange
WhiteBIT is a centralized cryptocurrency exchange founded in 2018, based in Estonia, offering over 200+ trading pairs with competitive fees and good liquidity for major coins.
What is WhiteBIT ?
WhiteBIT is a centralized cryptocurrency exchange that was founded in 2018 by a team based in Estonia. Within two years after launch, WhiteBIT became one of the top 20 exchanges by daily trading volume due to its focus on altcoins and competitive trading fees.
WhiteBIT offers over 200 cryptocurrency trading pairs including major coins like Bitcoin, Ethereum, and USDT as well as DeFi tokens and other altcoins. The exchange has high liquidity and enough daily trading volume to allow most traders to easily enter and exit positions.
In terms of fees, WhiteBIT charges 0.1% maker and taker fees which is on the lower end for centralized exchanges. They also provide discounts for high volume traders who hold and trade the exchange's utility token called WIT. Additionally, deposit and withdrawal fees are reasonable for most cryptocurrencies.
In summary, WhiteBIT stands out as an exchange to consider for altcoin traders due to its extensive selection of trading pairs, good liquidity, competitive fees, and continually expanding list of features catered towards traders.
WhiteBIT Features
Features
- Supports over 200 cryptocurrency trading pairs
- Offers spot trading as well as margin trading
- Has a native utility token called WBT
- Supports staking for select cryptocurrencies
- Offers an OTC trading desk
- Provides mobile apps for Android and iOS
Pricing
- Free
- Freemium
Pros
Good liquidity for major cryptocurrencies
Low trading fees compared to other exchanges
Easy to use interface
Allows margin trading with up to 1:100 leverage
Supports staking to earn interest on holdings
Cons
Limited payment options - only crypto deposits/withdrawals
Lower liquidity for minor cryptocurrencies
Not available to users in the United States
Lacks advanced trading features like options and futures trading
Has experienced some security breaches in the past
Official Links
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