WhiteBIT Exchange Review 2025: Pros, Cons, and Trading Features

Looking for a secure cryptocurrency exchange with plenty of features? In this WhiteBIT review, we’ll see how this platform stands out in the crowded crypto exchange market.

WhiteBIT has excellent charting tools. It also provides various trading options, like spot and futures trading. WhiteBIT has unique features that make it a full trading solution. Let’s explore what makes it special.

WhiteBIT Exchange Overview

Key Features	Details
Founded	2018 in Ukraine
Supported Coins	270+ coins and 520+ trading pairs
Trading Fees	Spot: 0.1% maker/taker Futures: 0.01% maker and 0.035% taker
Maximum Leverage	100x
Security	2FA, 96% cold storage, anti-phishing code, insurance fund
Fiat Currencies	10+ fiat currencies (UAH, EUR, USD, TRY, GBP, PLN, GEL, BGN, CZK, KZT)
Deposit Methods	GEO Pay, Visa/Mastercard, SEPA, PayUnicard, AdvCash, NixMoney e-wallet, and more
Withdrawal Methods	Crypto, Checkout.com, SEPA
Mobile App	Available for Android and iOS
Customer Support	24/7 live chat, support center, and e-mail
Native Token	WBT (WhiteBIT Token)
Key Features	Spot, Futures, margin Trading, Instant Crypto-to-Crypto Convert, Lending and Borrowing, Launchpad
VIP Program	Lower fees for WBT holders or high-volume traders
User Base	4 million+
Security Rating	“A” rating by Cer.live and an audit by Hacken

Related Guide: Best crypto exchanges in the world

What We Like: White Pros (Key Features)

High Leverage Futures Trading

With WhiteBIT Futures trading, you can bet on cryptocurrency price changes without owning the assets. The platform has USDT-M futures, which settle in Tether (USDT). This is different from Coin-M futures, which settle in the cryptocurrency itself.

WhiteBIT provides perpetual futures contracts with no expiry date. This lets users hold positions as long as they keep enough margin. You can choose long or short positions based on your market view. The platform offers up to 100x leverage for BTC and ETH contracts. For lower-cap altcoins, leverage is capped at 20x to manage risk better.

Traders can use different order types, like market orders, limit orders, and stop orders. WhiteBIT also supports decision-making with real-time market data and advanced charting tools.

Instant Crypto-to-Crypto Convert (Zero fees)

A key feature in our WhiteBIT review is its Instant Crypto-to-Crypto Convert tool. This tool lets users swap cryptocurrencies easily and without trading fees. It’s a great mix of speed and convenience for crypto transactions.

With this feature, you can swap between supported cryptocurrencies directly. There’s no need to place orders on the trading platform. The conversion happens at the current market rate, so transactions are quick and clear. Plus, the “Convert” feature also supports fiat-to-crypto conversions, giving users even more flexibility.

Lend and Borrow Crypto Assets

The Lending feature on WhiteBIT lets users lend their crypto assets and earn great interest rates. These rates change based on the cryptocurrency and market conditions, giving users options for passive income.

For example, in 2025, stablecoins like USDT and USDC can yield up to 18.64% Annual Percentage Yield (APY). Major cryptocurrencies like Bitcoin and Ethereum offer up to 17.39% APY. Remember, these rates can change based on market demand.

When you lend your assets, they are usually locked for a specific term of 10 to 360 days. Generally, longer lock-up periods offer higher interest rates. Interest is calculated daily and paid out at the end of the lending term. This makes it easy to grow your crypto holdings.

WhiteBIT’s Borrowing feature allows users to get loans by using their crypto assets as collateral. This is great for trading with leverage or getting liquidity without selling your holdings. The loan-to-value (LTV) ratio usually ranges from 50% to 75%, based on the cryptocurrency you use.

If you deposit $10,000 in Bitcoin, you can borrow up to $7,500 in stablecoins or other assets. Borrowing rates range from 3% to 12% Annual Percentage Rate (APR). Stablecoins often have lower rates than more volatile cryptocurrencies.

The platform offers flexible repayment options. Borrowers can pay off their loans anytime before the due date. There are no early repayment fees. This makes WhiteBIT a great choice for those wanting convenient loan solutions in the crypto space.

Launchpad for New Tokens

WhiteBIT Launchpad gives you exclusive access to Initial Exchange Offerings (IEOs). This lets you invest in promising tokens before they hit the mainstream market. It’s a great way to stay ahead in the changing crypto landscape.

To join, users must hold a specific amount of WhiteBIT’s native token, WBT. The more WBT you hold, the bigger share you can grab in new token sales. This rewards dedicated users with an edge.

WhiteBIT Ecosystem

1. WBT Token

The WBT Token is the main cryptocurrency of the WhiteBIT Exchange. It is key for transaction fees, staking, and accessing special features on the platform.

According to CoinMarketCap, WBT has a total supply of 400 million tokens. Currently, 86.6 million tokens are in circulation. This token helps reduce transaction fees and speeds up processing times. It also backs the economic model of the WhiteBIT Ecosystem. This boosts utility and engagement on different platforms.

2. WhiteChain

Whitechain Blockchain is an open-source project based on Go-Ethereum (Geth). It can handle up to 10,000 transactions per second (TPS). This high throughput allows for efficient processing of large data volumes. It’s a strong solution for modern blockchain applications.

The platform uses a Proof of Authority (PoA) consensus mechanism. This method is more energy-efficient than the traditional Proof of Work (PoW) system. Whitechain also supports smart contracts and decentralized applications (dApps). This makes it a flexible tool in the blockchain ecosystem.

3. WhitePay

WhitePay is the payment processing system for the WB Ecosystem. It allows smooth cryptocurrency transactions. The platform supports over 200 cryptocurrencies, such as WBT Token, Bitcoin, and Ethereum. This makes it versatile for many users.

WhitePay connects with more than 1,000 merchants. This supports wider adoption and usability. Transactions have low fees and fast confirmation times. This ensures a smooth payment experience. WhitePay works for both online and in-store payments. This adds flexibility and convenience.

If you’re reading this WhiteBIT review for its crypto exchange features, you might find WhitePay less helpful. It’s mainly for business owners who want to accept crypto payments.

4. WhiteSwap

WhiteSwap is the DEX in the WB Ecosystem. It allows seamless cryptocurrency trading without intermediaries. Users can trade directly from their wallets, ensuring security, transparency, and control over their assets.

The platform uses an automated market maker (AMM) model. This model helps trading by using liquidity pools contributed by users. It keeps the market liquid and lets users earn rewards for their contributions.

What We Don’t Like: WhiteBIT Cons Reviewed

Limited Supported Coins

A key drawback of WhiteBIT Exchange is its limited range of supported cryptocurrencies. This may disappoint traders seeking diverse portfolios. By 2024, the platform has about 270 cryptocurrencies and more than 520 trading pairs. This seems okay, but it falls short of industry leaders like Bybit. Bybit offers over 1,200 coins and tokens.

This limitation stops users from reaching new altcoins and niche projects. These projects often have great growth potential. The lack of variety can also hurt liquidity for some trading pairs. This can lead to wider bid-ask spreads and higher slippage, especially during larger trades.

Traders may need accounts on different exchanges. This helps them diversify their portfolios and take advantage of quick opportunities. This complicates trading strategies and adds extra hassle.

No Copy Trading

Copy trading is offered on platforms like eToro, Bitget, and Binance. It lets users automatically copy trades from successful investors. This is great for newcomers. They can learn from experienced traders while boosting their returns.

Without copy trading, a platform may struggle to build a strong trader community. These communities promote knowledge sharing and engagement. Both are key for enhancing user experience and encouraging growth.

Limited Fiat Withdrawal Methods

WhiteBIT Exchange has limited fiat withdrawal options. This makes it tough for users in some areas to cash out their cryptocurrency. The platform mainly supports withdrawals in EUR and USD. This limits choices for users in other areas.

This restriction can cause extra costs and delays. Currency conversion fees and longer international transfer times are often the reasons. For instance, WhiteBIT’s most popular withdrawal method, “Checkout.com,” only supports a few fiat currencies: EUR, USD, TRY, GBP, PLN, BGN, and CZK. The withdrawal fees also vary, ranging from 1.5% to 3.5%, depending on where the card issuer is located. This situation increases the financial burden on users.

WhiteBIT Fees

WhiteBIT has competitive trading fees, especially for spot trading. Fees may vary a bit by trading pair, but they are capped at a maximum of 0.1% for both takers and makers. This keeps transactions affordable.

WhiteBIT also has a VIP program that lowers fees for WBT holders and high-volume traders. This program rewards active users, offering cost-saving benefits that improve their trading experience on the platform.

Level	Maker Fee	Taker Fee	30D Volume	Average Balance
Level 0	0.1%	0.1%	< 100,000 USDT	< 10,000 USDT
Level 1	0.06%	0.095%	≥ 100,000 USDT	≥ 10,000 USDT
Level 2	0.05%	0.09%	≥ 250,000 USDT	≥ 15,000 USDT
Level 3	0.04%	0.085%	≥ 500,000 USDT	≥ 20,000 USDT
Level 4	0%	0.08%	≥ 1,000,000 USDT	≥ 30,000 USDT
Level 5	0%	0.07%	≥ 2,000,000 USDT	≥ 50,000 USDT

In futures trading, WhiteBIT has lower fees for traders. The trading fee varies by pair but is capped at 0.035%. Takers pay 0.035%, while makers enjoy a lower rate of 0.01%.

For margin trading and borrowing, WhiteBIT charges a daily fee of 0.0585% on borrowed funds. This clear pricing helps users calculate their costs when leveraging trades.

WhiteBIT does not charge deposit fees. However, withdrawal fees change based on blockchain fees and the asset’s current value. For the latest rates, users can check WhiteBIT’s official fee schedule.

Security Measures: Is WhiteBIT Safe?

Our WhiteBIT review shows the platform’s strong focus on security. It uses various features to protect your assets and accounts.

WhiteBIT offers two-factor authentication (2FA) to prevent unauthorized access. It also has a unique Passkey system as an alternative, which boosts transaction security. The platform uses advanced anti-phishing technology to enhance reliability.

To protect user identities, WhiteBIT enforces strict verification processes and AML checks. This ensures transparency on the platform. An auto-logout feature is convenient. It logs out accounts when there’s no activity. This helps reduce the risk of unauthorized access.

The exchange lets users control withdrawals with its address allow-listing feature. Users can also manage device activity by ending sessions on multiple devices easily.

WhiteBIT earned an A rating from Cer.live. It is one of the most secure crypto exchanges in the world. A Hacken audit supports its security reputation.

The platform stores 96% of digital assets in cold wallets. These wallets are secured with a multi-signature access system. Its Web Application Firewall (WAF) spots and stops hacking attempts. This gives strong protection against cyber threats.

For added reassurance, WhiteBIT has an insurance fund for cold-stored assets up to $30 million. This fund is regularly replenished through transaction fees, giving users peace of mind.

WhiteBIT Payment Methods and Fiat Currencies

• Volet (USD, UAH, EUR, KZT)
• Visa/Mastercard (UAH, USD, EUR, KZT)
• NixMoney (USD, EUR)
• Checkout and Checkout Global (USD, EUR)
• GEO Pay Account (UAH)
• Mercuryo (BRL, CHF, EUR, GBP, GHS, HKD, IDR, INR, JPY, KES, KRW, MXN, NGN, NOK, PLN, SEK, TZS, UGX, VND, ZAR)
• UTORG (AUD, BGN, CAD, CZK, DKK, TRY, USD, KZT, MYR, NZD, PHP, THB).
• SEPA (EUR)
• PayUnicard (USD)

User and Trading Experience

When you start using WhiteBIT, you’ll see it’s a flexible cryptocurrency exchange. It’s designed for both beginners and experienced traders. The platform has a clean, user-friendly interface that makes navigation easy. The main menu gives quick access to spot trading, futures, and margin trading.

As you explore trading, you’ll notice the wide range of trading pairs on WhiteBIT. The spot trading interface is intuitive, making it easy to place market or limit orders. Real-time price charts and order books help you make smart trading choices.

Another important point is WhiteBIT’s fee structure. It’s competitive, but fees can change based on your trading type and pairs. Frequent traders should watch these fees to keep costs in check.

Trading on WhiteBIT aims to provide a smooth, efficient experience. The platform offers a full set of tools for your cryptocurrency journey. You can engage in simple spot trading or handle advanced futures and margin positions.

WhiteBIT Review: Alternative Crypto Exchanges

According to this WhiteBIT review, Bitget and MEXC stand out as popular alternative crypto exchanges. They offer a wider range of digital assets and include copy trading. This makes them attractive for beginners. Here’s a quick comparison:

How to Use WhiteBIT Exchange?

Step 1: Creating a WhiteBIT Account

To begin using WhiteBIT Exchange, the first step is creating an account. Visit the official WhiteBIT website and click on the “Sign Up” button. Enter your email address and set a strong password.

Once you’ve submitted the necessary details, you’ll receive a confirmation email. Simply click on the verification link within the email to activate your account and get started.

Step 2: Know Your Customer (KYC) Verification

To unlock all features on WhiteBIT, you must complete the Know Your Customer (KYC) verification. This step helps prevent fraud and keeps you compliant with financial rules.

To start the KYC process, go to your account settings and find the verification section. You will usually need to provide:

• Personal Information: Full name, date of birth, and address.
• Government-issued ID: A clear photo or scan of a valid ID, like a passport or driver’s license.
• Proof of Address: A recent utility bill or bank statement with your name and address.
• Selfie Verification: A photo of you holding your ID and a piece of paper with today’s date and “WhiteBIT” written on it.

Following these steps will help ensure a secure and transparent trading experience.

Step 3: Deposit Funds on WhiteBIT

To start trading on WhiteBIT, fund your account first. Go to the “Wallet” section and pick the cryptocurrency you want to deposit.

The platform will create a unique deposit address for your coin. Send your funds from an external wallet to this address. Double-check the address before you send, as crypto transactions cannot be reversed.

If you prefer, you can also deposit fiat currencies using credit or debit cards. This gives you more flexibility.

Step 4: Start Trading Crypto on the WhiteBIT Exchange

To start trading on WhiteBIT, go to the “Trade” section. You will see various trading pairs available. For example, to trade Bitcoin for USDT, select the BTC/USDT pair. The trading interface has key tools like a price chart, order book, and trade history to help you decide.

If you want to buy or sell right away at the current market price, place a market order. If you prefer to set a specific price for buying or selling, choose a limit order. These options let you customize your trading strategy to fit your goals.

Step 5: Withdraw Crypto From WhiteBIT

To withdraw funds from WhiteBIT, go to the “Withdraw” section in your wallet. Choose the cryptocurrency you want to withdraw. Enter the destination address and the amount. Double-check the address since transactions cannot be reversed.

Also, be aware of minimum withdrawal limits and gas fees. These may change based on the cryptocurrency and network conditions.

Final Verdict

This WhiteBIT review looks at a crypto exchange. It is known for its strong security and user protection. It has become a reliable platform for traders at all levels. WhiteBIT offers many features, including spot trading, futures, margin trading, staking, and a user-friendly interface.

WhiteBIT stands out for its security. Most digital assets are kept in cold storage. An impressive insurance fund covers up to $30 million. These measures address a major concern in the crypto world—asset safety. High security audit rankings boost WhiteBIT’s reputation as a secure exchange.

If you’re looking at other platforms, check out our LBank review and BYDFi review for more insights on alternative exchanges.

FAQs on WhiteBIT Exchange Review