What Is WhiteBIT?
Launched in Nov 2018, WhiteBIT is a European centralized exchange that offers crypto-to-crypto and crypto-to-fiat transactions with 0.1% trading fees.
With European Exchange and Custody licenses, WhiteBIT meets KYC and AML requirements claims to have 4,000,000+ users from the EU, South America, and Asia registered on the platform.
WhiteBIT offers instant transactions with P2P codes, possibility of staking, private and public API & a number of trading tools: limit, market, stop limit and stop market orders. Quick deposits and withdrawals are carried out with InstantSend by Dash.
Who Are the Founders of WhiteBIT?
The company was founded by Volodymyr Nosov, who is its current CEO. Oleksii Kovalev is the vice president of the company.
Before launching the crypto platform, Nosov was the co-founder of the Viva Parquet company and Head of Sales Operations at PromoGroup Ltd.
When Did WhiteBIT Launch?
The exchange platform was launched in Ukraine in November 2018.
Where Is WhiteBIT Located?
According to the company’s LinkedIn page, its primary location is in the capital city of Vilnius, Lithuania.
WhiteBIT Restricted Countries A 2019 Medium post from the company revealed that persons in Afghanistan, American Samoa, the U.S. Virgin Islands, the Territory of Guam, Iran, Yemen, Libya, the State of Palestine, Puerto Rico, Somalia, the Democratic People’s Republic of Korea, The Northern Mariana Islands, USA, Syria, Russian Federation, Republic of Belarus, Republic of Sudan, Transnistria, temporarily occupied territories of Georgia, Turkish Republic of Northern Cyprus, Western Sahara, Federal Republic of Ambazonia, Kosovo, South Sudan, and temporarily occupied territories of Ukraine were not allowed to use the exchange.
What Coins Are Supported on WhiteBIT?
As of Dec 2022, 300 crypto currencies in 520+ trading pairs are being offered at Whitebit
How Much Are WhiteBIT Fees?
The platform offers a competitive flat fee structure of 0.10% for makers and takers. Furthermore, the daily fee for using funds in margin trading and borrow is 0.0585%.
Is It Possible To Use Leverage or Margin Trading on WhiteBIT?
WhiteBIT offers margin trading with 1X, 2X, 3X, 5X and 10X leverage and futures trading with 1X - 100X leverage.