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ABJ
1 Level
125 Review
17 Karma

Review on WhiteBIT by Daniel Stephen

Revainrating 4 out of 5

WhiteBit offers an amazing trading service but the restrictions on users from some regions isn't impressive

Whitebit Exchange is an Estonia digital currency exchange that has its servers and users across Europe. It's provide a trading platform involved in transaction of Bitcoin, Ethereum, Dogecoin, Litecoins, OX protocol and a host of others, they are not up to hundred but it's still very reasonable and again the exchange also included fiat currency which was also match as a trading pair to many other digital currency. It's not a global exchange and so there are some limitations to traders who can trade on the exchange, one of such traders are those from U.S they are prohibited from using the exchange. The fees on the exchange was low , it takes 0.1% of the traders transaction volume, it's a very competitive fee which I don't doubt cause the exchange is filled up with traders who are actively performing virtual currency transaction. The exchange supports some massive earning features like the margin trade and staking section for seasoned traders and also the novice with a good learning ability to make some extra income by leveraging their money to make more, there's even a demo section for the newbies to practice how to trade so I personally have a feeling that the exchange won't be hard for anyone to use.

Pros
  • It allows withdrawal of up to 2BTC for accounts without KYC
  • It supports over 60 digital currency
  • The trading fee is low and competitive
Cons
  • U.S traders and traders from other regions are restricted from trading

Comments (1)

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November 24, 2022
Hi! Thank you for trading at WhiteBIT and sharing your experience.