Review on WhiteBIT by Bella Frost

Personally for me, the critical requirement when choosing an exchange was an official license in an adequate jurisdiction, yes I really pay attention to this stuff. And I dare say WhiteBit is one of the few sites that has decided to work openly and transparently. Seems like the crypto community appreciates this exchange - I can see it is listed on CoinMarketCap and CoinGecko.

The exchange operates under Estonia jurisdiction. That's completely obvious since Estonia is one of the most crypto-friendly countries in the world. That is, operations with digital coins are entirely legal there. Well, I also saw that the site has two European licenses:



license for exchange operation

custodian licence



It is crucial to me - I can see that, unlike competitors, WhiteBIT exchange has a license to carry out financial activities, which significantly increases clients’ financial security.

By the way, regarding technical security, in my opinion, this is one of the most secure sites on the market. The team decided to keep 96% of all assets on cold wallets. They were also among the first to implement a modernized version of the Firewall technology, which detects hackers almost instantly and immediately blocks them. And of course, such functions as two-factor authentication, biometric confirmation, IP detection, and anti-phishing code cannot but please me.

I find it safe to store vast amounts of money on this platform. Another very cool feature worth mentioning is the addition of white wallets. How it works - in your account, you specify a list of external wallets where you would further want to withdraw funds. And then, even if the account is hacked, hackers will only be able to withdraw coins to your external wallets, and you are the only one who can access them! I think it is a very cool feature, and, weirdly, other exchanges don`t feature it. However, it seems to be so logical to have it.

Another fundamental thing for me is the ability to personalize the interface. It can be configured for a novice user or add a huge number of tools for professional trading. For example, the terminal of the exchange has a wide range of settings for various chart indicators. You can also change themes (light and dark) - it` so cool!

I believe that personalization is a significant thing that greatly affects a trader's productivity. Really, a user-friendly interface when I need to make quick decisions so as not to waste precious time searching for the right button is crucial!

The exchange truly amazed me with its high performance. The team managed to achieve a throughput of 10 thousand orders per second and 1 million TCP connections. Personally I have never come across transactions freeze or orders lags - and note, I have been working with this platform for a year. Speed of proceeding is extremely important, especially when doing high-frequency scalping.

I have many trading strategies, and for some of them, I use trading robots. WhiteBIT provides a seamless experience with APIs that I've used a lot. I tell you, nothing can be more convenient than working with API.

This site can also boast meager commissions - WhiteBIT guarantees a trading commission of 0.1% of the amount upon a successful transaction. Depositing funds is free for all coins. In addition, withdrawal USD to Advcash at 0% fee!

I consider myself an experienced trader and have traded on many exchanges, but I have never met such responsive and competent technical support anywhere else. The guys are available 24 hours every day. They assist in Russian, English, Chinese (Mandarin), Indonesian, Spanish, German, and Korean.