Review on WhiteBIT by Leia Yifan

WhiteBIT is one of the best exchanges I've ever traded on. The platform supports both cryptocurrency input/output and fiat funds. It is very important for me that most assets can be deposited into an account without any commission. You need to pay a commission only when using particular services. Different payment systems charge different commissions, ranging from 1% to 10%.

To buy bitcoin or altcoin, just select the desired cryptocurrency and network, specify the address, amount, and click on the payment confirmation button. Everything is speedy and convenient, especially in the mobile app.

You can use Visa and Mastercard to enter fiat currency. The minimum deposit limit depends on the currency and the type of replenishment, for example, for the dollar - 10 US, and Bitcoin - 0.0005 BTC. To withdraw cryptocurrency from your account, you need to specify the address and the desired amount. The commission depends on the token. For example, for Bitcoin, this is 0.0004 BTC with a minimum withdrawal amount of 0.001 BTC. I will not go into details now, if you are interested, find the list of all types of withdrawal with fees on the WhiteBIT website, besides, the amount is displayed when the sum is written-off.

The withdrawal time depends on the currency and the withdrawal method, but in most cases, transactions take place within a few hours. Delays of up to several days are only possible in some rare unforeseen situations.

A very cool feature I have never seen before on other exchanges is codes. That is one of the handy tools that make this trading platform different from others in the market. This is protected alphanumeric information that can be transferred to another WhiteBIT or Bitcoin Global user to receive it.

To create a code, you need to enter the "Codes" tab and top up the main balance with the cryptocurrency or fiat you want to transfer. The exchange does not limit users on the minimum or maximum amounts for creating codes. KYC verification is only required if the user wants to create a code for more than 2 BTC or intends to send fiat currency. In this case, no commissions are charged.

One of the possibilities for simple trading on WhiteBIT, without charts and timelines, is located in the "Trade" - "Exchange" tab. To buy fiat with cryptocurrency and vice versa, you need to transfer funds from the main balance to the trade balance. All the necessary information - the current rate, the size of the commission, the amount of the transaction is displayed right there on the page.

Another thing that distinguishes WhiteBIT from other platforms is two trading interfaces that meet the needs of specific user audiences: a simplified one for beginners and an advanced one for professional traders. Even a simplified interface is full of the information you need to buy and sell cryptocurrencies. Besides the opportunity to select the market and prices, there is an interactive chart that can be personalised according to the user's preferences. Also, you may vary the scale and timelines. It is incredibly convenient to create chart templates for all tools and workspace intervals and save them. Then, on the same screen, you get all the tools for buying and selling crypto.

Demo token is helpful for beginners. With its help, they can master the interface, get acquainted with the basic concepts of trading, practice their trading strategy and improve their skills in general before moving on to real orders.

Advanced interface Pro Trade offers advanced functionality through quick access to open orders, order history and trades.

The commission for most trades is 0.1%, but for some pairs, it is lower. The exact amount of commission for each order is indicated on the trading page.