Review on WhiteBIT by Rene Marco

WhiteBIT is a centralized crypto-to-fiat exchange platform proud of its safety and transparency, which, honestly speaking, is an easy fact to believe. It’s impressive how much effort they put into making their safety a real thing. If talking about it in detail, the 2FA, WAF, KYC, Anti-Phishing software are among the things one needs to mention. Of course, the more applications one uses to ensure good protection, the higher the possibility to lose access to keys or face difficulties when going through KYC for example. In this case, the support team comes to the rescue and does so in a prompt manner. Having used the platform for 2 years, I have certainty in questions related to the accuracy and quality of the support’s work. Moreover, 96% of all assets are kept on cold wallets, ensuring a higher security level and giving the users more confidence in matters connected with access to funds. Here is where the fact of the exchange being centralized pays off, the funds are being watched.



The trading tools of the platform are impressive. WhiteBIT offers a variety of trading options, beginning with simple market orders and up to the buy stock market orders, that have been introduced to the exchange recently. These options make the trading safe and with minimum risks. Since July 2020 the platform offers margin trading that also proves to be popular among the traders. Moreover, WhiteBIT was the first platform from the CIS to have made this move, claiming its status as the groundbreaker on the CIS market. As for other trading tools, WhiteBIT provides a referral program, as well as SMART Staking, that makes it possible for users to enjoy passive earnings by simply holding the assents on their wallets.



The deposits are accepted in different ways, including the most popular payment systems. A good thing is the processing time of the orders. In the case of deposits, it takes no more than a few minutes to complete the inquiry. It takes a bit longer to make a withdrawal, but any inconvenience with timings can be dealt with through support. The trading fees for most of the pairs are incredibly low and constitute only 0.1%, where some pairs have even lower commissions.



The web interface of the platform can be bewildering. But one has to understand that the exchange makes everything possible to ensure the users are well-informed about the campaigns and possibilities other than traditional trading. It’s actually one of the first things that come to mind when discussing the advantages of working on WhiteBIT. The options to get acquainted with new cryptos and even to profit from holding them are endless. And new cryptos get listed on the exchange very often.



Finally, I would definitely agree that WhiteBIT is a clear, customer-oriented platform that hears the needs of the users and listens to them.