WhiteBIT Exchange Review: Features, Fees, and What Sets It Apart

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Navigating the world of crypto starts with one crucial decision: choosing the right exchange. The perfect platform isn’t just about sleek designs or a vast selection of coins—it’s about security, trustworthiness, and fair fees that protect your bottom line. In a crowded market where every exchange claims to be the best, finding one that truly delivers can feel like searching for a needle in a haystack.

This review takes a closer look at WhiteBIT, the largest European crypto exchange by traffic. It covers its unique features and if it’s the right fit for your trading journey.

Overview

WhiteBIT is Europe’s largest cryptocurrency exchange by traffic, boasting 5.5 million users and a daily trading volume of up to $11 billion. It is the flagship product in the WhiteBIT Group ecosystem, which encompasses over 10 products like Whitepay, WhiteBIT Coin (WBT)l, and white.market. The platform connects with more than 30 million users globally. Notably, WhiteBIT is also an official partner of FC Barcelona and Trabzonspor and supports various charitable initiatives.

In 2024, WhiteBIT hit a remarkable $2.7 trillion in annual trading volume  and expanded its offerings with the WhiteBIT Nova card and WhiteBIT mining pool – now among the top 15 global mining pools. The platform is recognized for its robust security, user-friendly interface, advanced trading tools, and low futures trading fees.

FeatureDetailsOfficial WebsiteWhiteBITFounded2018HeadquartersVilnius, LithuaniaTotal Listed Coins330+Trading Pairs550+Supported Fiat9 (USD, EUR, GBP, PLN, TRY, CZK, BGN, UAH, KZT)Trading FeesMaker: -0.001% – 0.1%; Taker: 0.03% – 0.1%Native TokenWhiteBIT Coin (WBT)Mobile AppYesCustomer Support24/7 multi-language chat and phone support Geo RestrictionsProhibited in Afghanistan, American Samoa, U.S. Virgin Islands, Territory of Guam, Iran, Yemen, Libya, 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, Canada, United Kingdom, Nicaragua, Trinidad and Tobago, Venezuela, Myanmar, and temporarily occupied territories of Ukraine. Key Features Wide Asset Selection

WhiteBIT offers over 330 cryptocurrencies for trading. Users can choose from over 550 trading pairs available and over 180 futures trading pairs – with the market cornerstones, such as Bitcoin (BTC) or Ethereum (ETH), as well as with the prominent altcoins, varying from Solana (SOL) and Ripple (XRP) to Celestia (TIA) and Hedera (HBAR). 

WhiteBIT cryptocurrency market aggregator

The exchange also features a wide range of stablecoins i.e. USDC, and XAUT, as well as fiat currencies – from euro and U.S. dollar to Turkish lira (TLY) and Polish zloty (PLN). 

WhiteBIT Coin (WBT)

WhiteBIT operates its native coin – WhiteBIT Coin (WBT). 

Launched in August 2022, WBT has a capped supply of 400 million tokens, offering holders a range of benefits that enhance their trading experience. These include trading fee discounts of up to 100% when using WBT for commission payments, increased referral program rates of up to 50%, and discounted margin funding rates. Additionally, WBT holders enjoy free daily withdrawals for ERC-20/ETH tokens, free AML address checks, and can withdraw up to 1,000 ERC-20 coins daily without blockchain fees.

WBT also provides exclusive access to features like the WhiteBIT Launchpad for holders of 200+ tokens and participation in closed sales and promotional events. 

The token’s performance has been noteworthy: WhiteBIT Coin’s price has surged over 2.5 times in the past three months, reaching an all-time high of $28.74 on January 23, 2025. As of February 10, 2025, CoinGecko reports WBT’s market capitalization at around $4 billion.

Versatile Trading Functionality

WhiteBIT’s trading interface combines user-friendliness with powerful tools to cater to both novice and experienced traders. 

For those new to trading or focused on holding assets, WhiteBIT simplifies the process by allowing users to convert funds instantly without using a trading terminal. This streamlined feature, paired with WB codes for fee-free fund transfers inside the exchange, is ideal for HODLers and casual users.

Crypto converter on WhiteBIT

For seasoned traders, WhiteBIT offers a highly customizable trading terminal. Users can personalize their experience, from light and dark themes to repositioning order books and terminal elements for maximum convenience. Integration with the TradingView interface provides a full suite of advanced tools and indicators—features typically requiring a paid subscription—at no additional cost. These capabilities extend to margin and futures trading, with leverage options of 10x and 100x respectively, and clear collateral risk warnings for added security.

WhiteBIT trading terminal

WhiteBIT also includes a robust analytical dashboard that delivers detailed insights into profit and loss, portfolio performance, and equity trends. Additionally, the Auto-Invest feature allows users to automate cryptocurrency purchases based on customized parameters, enabling systematic investment planning. With its balance of simplicity and advanced features, WhiteBIT’s interface ensures a seamless trading experience for all levels of crypto enthusiasts.

WhiteBIT analytical dashboard Security 

WhiteBIT stands out as a pioneer in cryptocurrency security, setting industry benchmarks with its advanced measures and certifications. In December 2024, WhiteBIT became the first exchange globally to achieve Level 3 Cryptocurrency Security Standard (CCSS) certification, a testament to its robust security framework. It also earned a perfect 100/100 cybersecurity score on CER.live and holds the highest Level 1 PCI DSS certification, ensuring the utmost protection for payment data.

WhiteBIT’s profile on CER.live

The platform employs multi-signature wallets, rigorous access controls, and detailed audit trails for sensitive processes, safeguarding user funds and transactions. Over 96% of user assets are stored in offline cold wallets, minimizing exposure to online threats. Regular security audits and penetration testing further bolster the platform’s defenses, while a public bug bounty program offers up to $10,000 for critical bug discoveries.

WhiteBIT prioritizes user protection with features like two-factor authentication, anti-phishing tools, and advanced encryption systems. Address management allows transactions only to verified addresses, and automated risk assessment continuously monitors for suspicious activities.

User Experience

WhiteBIT emphasizes a seamless and user-friendly experience, ensuring its platform caters to both seasoned traders and newcomers alike. A standout feature is the exchange’s 24/7 customer service, providing multi-language support in 10 languages, including English, Ukrainian, and Spanish. For beginners, the platform offers a comprehensive help center packed with guides and resources to ease the onboarding process.

The account management system is tailored to individual preferences, featuring customizable security settings and automated tracking of key price changes and market updates. Users can leverage the QuickSend function, allowing instant fund transfers between WhiteBIT accounts, streamlining transactions without unnecessary delays. On mobile devices, Shake-to-Send feature is also available, allowing users to start a transaction with a literal shake of their phones. 

WhiteBIT’s intuitive referral program interface encourages community engagement and rewards users for inviting others to the platform. Personalization extends to account settings, with options to customize automatic logout timing and even assign personalized nicknames for accounts, offering an added layer of convenience.

WhiteBIT Nova Crypto Card

The WhiteBIT Nova crypto debit card, launched in December 2024, is a Visa-powered solution, allowing EU-based users to spend cryptocurrencies everywhere. With zero fees for card service, users also enjoy free activation, no monthly or inactivity fees, and minimal ATM charges (€0.50 for balance inquiries, €2.00 for withdrawals). A cashback program of up to 10% further incentivizes regular usage, making it a cost-effective and rewarding option for crypto holders.

WhiteBIT Nova

The card is available in both digital and physical representations, allowing users to access a virtual version instantly and integrate it with Apple Pay and Google Pay. It supports major cryptocurrencies like BTC, ETH, XRP, SOL, and USDC, along with additional assets like ADA, AVAX, and WBT. Accepted worldwide wherever Visa is supported, WhiteBIT Nova offers seamless usability through a dedicated mobile app, making crypto transactions effortless for everyday spending.

Crypto Lending

WhiteBIT’s Crypto Lending feature allows users to earn passive income by lending their cryptocurrency assets securely. The service offers flexible terms from 7 to 365 days, with daily interest accrual and higher rewards for longer commitments. For example, a 365-day Bitcoin deposit yields up to 17.39%, while APY rates on various cryptocurrencies reach 18.64%.

Users can customize their lending period, amount, and asset selection, tailoring the service to their needs. Funds are used for margin trading, with rigorous security protocols ensuring asset protection, making WhiteBIT’s lending platform both safe and profitable for crypto holders.

Fees and payment options

WhiteBIT provides fee transparency and a range of funding options for users globally.

Spot Trading Fees Structure 30-day VolumeAverage BalanceMaker FeeTaker FeeLess than $100,000  Less than $10,000  0.1%0.1%At least $100,000  At least $10,000  0.06%0.095%At least $250,000  At least $15,000  0.05%0.09%At least $500,000  At least $20,000  0.04%0.085%At least $1,000,000  At least $30,000  0%0.08%At least $2,000,000  At least $50,000  0%0.07%At least $5,000,000  At least $100,000  0%0.065%At least $10,000,000  At least $150,000  0%0.06%At least $20,000,000  At least $200,000  0%0.05%At least $50,000,000  At least $500,000  0%0.04%At least $100,000,000At least $1,000,000  -0.001%0.03% Futures Trading Fees Maker Fee0.01%Taker Fee0.035% Funding options

• Supported Fiat Currencies: USD, EUR, GBP, PLN, TRY, CZK, BGN, UAH, KZT.
• Deposit Methods: Bank Cards (Visa/Mastercard), SEPA transfers, GEO Pay, Checkout Visa/Mastercard, WhiteBIT Codes with 0% fees. 

How to Use WhiteBIT Creating an Account

Getting started on WhiteBIT is straightforward. Begin by visiting the platform’s website and clicking “Sign Up.” Enter your email address, create a secure password, and verify your email using the code sent to your inbox. 

Sign-up menu

Complete the Know Your Customer (KYC) process by submitting the required documents. To bolster account security, enable two-factor authentication (2FA) through Google Authenticator and add an anti-phishing code to protect against fraudulent emails.

KYC-verification page Depositing Funds

To deposit funds, navigate to the “Balances” section and select “Total” or “Main,” then click “Deposit.” Choose your preferred payment method, including bank cards, SEPA transfers, GEO Pay, or WhiteBIT Codes. Card deposit fees range from 0.2% to 3.5%, while WhiteBIT Codes offer zero-fee deposits. Select your desired currency, enter the deposit amount, and follow the instructions.

Buying Cryptocurrency

In the “Trade” section, you can choose between the “Convert” option for instant exchanges or the trading interface for advanced functionality. Select the cryptocurrency you wish to buy and the currency you’ll use for payment. Enter the desired amount; the exchange rate will be fixed for 10 seconds. Review and confirm the transaction details.

Selling Cryptocurrency

To sell cryptocurrency, head to the spot trading page or use the Quick Exchange feature for a simplified experience. Choose your trading pair and enter the amount you want to sell. For spot trading, set your desired price and place a sell order. For Quick Exchange, specify the currency you want to receive and confirm the transaction.

Withdrawing Funds

Withdrawing is simple: go to “Balances,” select the asset (crypto or fiat) you want to withdraw, and click “Withdraw.” Enter the recipient’s address or bank details, verify the withdrawal amount and network, and complete the process using 2FA and email confirmation. Keep in mind that withdrawal fees vary depending on the asset and blockchain conditions.

Why WhiteBIT?

WhiteBIT has positioned itself as a leading player in the European crypto exchange market, offering a well-rounded suite of features that cater to both casual users and professional traders. Its strong security credentials, including a Level 3 CCSS certification and a perfect cybersecurity score on CER.live, set it apart as a platform that prioritizes asset protection. With a user base of 5.5 million and an impressive $2.7 trillion in annual trading volume in 2024, WhiteBIT has demonstrated remarkable growth and market influence.

The exchange offers a wide range of services, from spot and futures trading to staking, lending, and its WhiteBIT Nova crypto card, which simplifies real-world spending of digital assets. With over 330 cryptocurrencies available for trading, low trading fees, and a robust referral program, WhiteBIT appeals to a diverse audience. Its user-friendly interface, seamless TradingView integration, and 24/7 multilingual support make it an accessible and convenient choice for traders worldwide.

Ultimately, WhiteBIT is more than just a trading platform—it’s an evolving crypto ecosystem that continues to expand its offerings. Whether you’re a beginner looking for an intuitive experience or a seasoned investor in search of advanced trading tools, WhiteBIT provides a compelling option in the crypto exchange landscape.