Review on WhiteBIT by Fanuel PORPORTY

Name: WhiteBIT
Item: WhiteBIT
Rating: 3

March 23, 2020

WhiteBIT - Good exchange

Whitebit is an exchange from Estonia with an exchange license from the Estonian authorities.  Estonia is definitely a market leader in the Baltic countries when it comes to being the country of domicile for cryptographic exchanges.
﻿
 Whitebit presents itself as a licensed crypto exchange with features also for professional traders.  They also underline the competence of their support function.
﻿
 But these are not all the advantages of this platform.  The platform also highlights a few other features that they find useful for its users.  Some of them are that the user interface is customizable, the orders are executed instantly using a trading engine carrying out 10,000 transactions per second.  The fees are competitive, and a powerful API is offered by the platform.
﻿

Pros

Licensed Marketplace
There is a Fiat entry (so far only dollars)
You can configure the trading interface
Good referral program
Excellent security system
Smart Invest Box – an opportunity to earn money on your deposits.

Cons

There are no margin trading and index trading on the platform. However, these are high-risk types of trading, because with leverage you can both earn and lose a large number of assets.
WhiteBit does not have a demo account. But the demo account does not reflect the real picture of the trade. Because trading is emotions: fear, greed, panic, etc. which does not happen on a demo account.