Review on WhiteBIT by Temitope Babatunde
WhiteBit Exchange Is Licensed.
Whitebit exchange is a centralized exchange based and licensed in Estonia. It was launched in 2019. It has a very good liquidity and there are so many trading pairs. It accepts wire transfer as well as credit card as means of deposit.
It has very good security features, for example more than 90 percent of users fund are in cold wallet, it also has WAF which is web application firewall which automatically detects hackers and blocked them. It has mobile application with 2Factors authentication.
The trading overview is fine and has professional features for advanced traders. The platform can handle more than 10,000 transactions per second. The website come with many languages which makes it good for users from many countries.
Another interesting thing about the exchange is its fee, it has 0.10 percent for both takers and makers. The withdrawal fees depend on the type of coin one is withdrawing. The customer care service is available 24/7 to help users with any issues.
In conclusion, the exchange is still young but is performing extremely well.
Pros
- It is a licensed exchange
- It accepts fiat deposit
- It is a multilanguage exchange
- It stores largest part of its users fund in cold wallet
- The security is very strong.
Cons
- It is a centralized exchange
