|Date of foundation|
Sepise tn 1 Lasnamäe linnaosa, Tallinn Harju maakond 11415. Register code: 14637422
|Types of support|
Email: [email protected]
Russian, English, Chinese, Estonian, Spanish, Ukrainian, etc.
|The owner of the company|
|Minimum entry amount|
|Minimum withdrawal amount|
|Maximum withdrawal amount|
Withdrawal fee: 0.0004 BTC
Fiat currency entry fee: From 1.5 to 4.5 % / Depending on the deposit method
Transaction fee: 0.1 % / For some pairs commission may be lower
Fee for the use of borrowed funds: 0.098 % / Daily commission for margin trading
From 18 years
|Trading volume per day|
|Number of users|
300000+The number of users may vary
|Number of cryptocurrencies|
|Free Demo Account|
Free Demo Token only Open Demo Account
|Types of accounts|
|Execution of orders|
Market Execution (at market price), Limit Orders, Stop Limit, Stop-market, Conditional-limit, Conditional-market
|Methods of replenishment|
Advcash, Perfect Money, Qiwi, Bank Card (Visa/MC), Yandex.Money
Advcash, Perfect Money, Qiwi, Bank Card (Visa/MC), Yandex.Money
RUB, EUR, USD, UAH, Cryptocurrencies
|Types of cryptocurrencies|
Bitcoin, Litecoin, Ethereum, Bitcoin Cash, DASH, Stellar, TELOS Coin, Black Bitcoin, Cascino Coin, etc.
FVR000734 and FRK000639 (Активна)
Help Center FAQ
|A way to store cryptocurrencies|
|Stop Loss and Take Profit Function|
|Exchangeability for fiat currencies|
Working with indicators, graphical tools
History of the coin trade
WAF (to detect and block hacker attacks), two-factor authentication and anti-phishing programs
Ability to earn rates up to 18% for 6 months for keeping the deposit
|Bitcoin Global P2P|
Fast cryptocurrency exchange and zero commission for the first month
Creation of unique codes for transferring funds to other WhiteBIT exchange users
Decentralized bank (DEX) on Ethereum
Reward program (up to $5000) for found vulnerabilities
|Extended AML verification|
Unnecessary, but required to increase cryptocurrency limits and fiat deposit/withdrawal capability. KYC policy is used (passport, proof of residency, selfies with documents), verification can take up to 48 hours
RegistrationUp to 40% of the referral commission amount
Low commissions and favorable rates
Simple and straightforward service
Ability to use TradingView charts
A cold way to store cryptocurrency
Extensive functionality and a high level of security
Synchronization with popular payment systems
Availability of a mobile app
Legal name: Whitebit Financial Company OÜ
Legal address: Sepise tn 1 Lasnamäe linnaosa, Tallinn Harju maakond 11415. Register code: 14637422
|Date of update|
WhiteBit is it a scam? Reviews and description
- 1. Why WhiteBit?
- 2. How to exchange cryptocurrency on the whitebit.com platform?
- 3. Verification on the White Beat platform
- 4. Deposit and withdrawal
- 5. White Beat Bonuses
- 6. Complaints about WhiteBit
- 7. Regulation of the whitebit.com crypto exchange
- 8. Is WhiteBit a scam?
- 9. Conclusion
- 10. Reviews
WhiteBit - a platform whose purpose is to provide digital asset exchange services. Exchange was launched in January 2019 by a team of professionals. The developers have created a simple, convenient and legal platform for trading.
In our review we will take a closer look at the features implemented by the project and find out whether WhiteBit is a scam or a reliable platform for cryptocurrency trading.
WhiteBit is a young exchange, which appeared on the financial market in 2019. For such a short period of time the project was able to attract a large number of customers. The site's interface whitebit.com is presented in several languages, which indicates the orientation to the international market, but the main customers are the citizens of the CIS. The main office of the project is located in Estonia. The country was not chosen by chance, because the country is known for its loyal attitude to cryptocurrency. The company provides its clients with favorable and comfortable conditions for cooperation. In the listing at the moment added more than 150 currency pairs. Among the most popular ones we can highlight - BTC/USD, BCH/BTC, BTC/USDT, NEO/ETH and LTC/BTC.
In many ways the site is similar to its competitors, but there are a number of additional features. For example, the site features the SMART Box investment program, which allows you to earn on deposits. The site also has a free WhiteBit codes tool to move assets within the system. In this way, the user can move funds from the main account to an additional account. Another advantage is the high performance. By using SPA technology, the platform can handle up to 10,000 orders per second and 1,000,000,000 TCP connections. The trading itself is done through a simple and straightforward platform. An experienced trader will need no more than 15-20 minutes to understand the functionality provided.
The trading terminal includes the following functionality:
- window with the list of active markets;
- history of the last closed transactions;
- chart with market trends;
- form of purchase and sale.
To ensure that users have round-the-clock access to the trading platform from any location, a mobile application was created. With the help of a smartphone, the client will be able to use the functionality of the service even on the road. Both iOS and Android versions are available.
Among the main advantages of the platform can be distinguished:
- simple and straightforward interface;
- Russian-language interface;
- high performance;
- charting TradingView;
- low commissions;
- the cold method of storing cryptocurrency;
- broad functionality;
- additional functions;
- Sync with popular payment systems;
- mobile application;
How to exchange cryptocurrency on the whitebit.com platform?
To exchange foreign currency, you can use a special section on the website whitebit.comwhich has a simplified design. The section was specially designed for users who want to quickly and easily exchange assets without getting immersed in trading itself. To make an exchange, you need to select the desired currency to exchange and the currency to receive. After selecting the currency, enter the number of coins and click on the "Exchange" button. Often the exchange occurs instantly.
Verification on the White Beat platform
Verification is present on the platform whitebit.comHowever, it is not a mandatory process. The advantage of passing the verification is an increase in the withdrawal limit (because without it the limit is $100) and quick restoration of access to the exchange in the case of its loss to 2fa or loss of the password. To start the verification process, you should go to the "Confirmation" tab. The company provides several levels of identity verification. First of all it is necessary to fill the personal data:
- date of birth;
- country, city and residence address.
After entering the data, you can proceed to the next stage of verification - sending documents. This section allows the user to send one of the suggested documents: passport, ID-card or driving license.
The next step is to upload a selfie with the document and a sheet that says WhiteBit, today's date and signature.
The information collected is primarily needed to protect users' assets in the event of hacking. After all the stages are passed, all that remains is to wait for the process of verification of the specified information. Verification takes anywhere from a few days to a few weeks on average.
Deposit and withdrawal
To start depositing, you need to go to the "Balance" tab on the main page. The exchange provides an opportunity to deposit both cryptocurrency and fiat funds (How to make money on cryptocurrency?). To enter cryptocurrency you need:
- select the desired currency and click on "Deposit";
- copy the generated digital wallet address;
- insert the address in the "Recipient Address" field and wait for the transfer of funds.
To enter fiat money, you should click on the "Deposit" button next to the value of USD. Then a form opens in front of the user, in which he should choose a payment system and the amount that the client wants to transfer to his account. After choosing the parameters it is necessary to click on "Request" and the system will automatically redirect to the payment system site. After following the instructions, funds will be credited to the trading account.
Withdrawal of earnings
To withdraw funds, you need to choose cryptocurrency or fiat in the same "Balance" tab, then click on "Withdraw" and fill out the appropriate form:
- insert the address of the wallet to transfer funds;
- enter the number of coins;
- read the information about the commission;
- click on "Request to withdraw funds".
To withdraw fiat money, you need to do the same steps and specify the payment system for crediting funds. The maximum amount that a client can withdraw from the project depends on the type of his account:
- new and basic account - $500 per day;
- extended account - $100,000 per day.
WhiteBit crypto exchange commission
The commission for trading operations is 0.1% for all. The advantage is that the exchange does not charge for deposit and withdrawal of funds. However, you should take into account that the withdrawal of earnings will be charged commission of the payment system.
White Beat Bonuses
There are no bonuses for users at this time.
For traders who want to earn extra income on the exchange whitebit.com, a referral program is provided. Thus, customers have the opportunity to invite new users to the project and receive up to 40% of the commission. Also, the commission of the client will be 0.1%.
Complaints about WhiteBit
Since the project appeared on the financial market less than a year ago, there are few reviews on the Internet from clients. At the moment, the company has a good reputation among users. Customers note the user-friendly and simple interface, low commissions. Of the disadvantages highlight the lack of a demo account.
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Regulation of the whitebit.com crypto exchange
There has always been a fairly large number of fraudsters in the financial sphere. To protect yourself from a negative experience of cooperation with an unscrupulous company, you should check the availability of the license, as well as the relevant documentation on the official website of the project. Let us consider in more detail how the organization is regulated.
The exchange platform works openly and transparently. That is why the company was registered in Estonia, which is loyal to cryptocurrency. The organization has made its work completely legal and received two European licenses. Transparent policy is a big plus and provides security to customers. The address of the headquarters, as well as the necessary documentation is publicly available to users.
WhiteBit User Agreement
The "User Agreement" is a document that contains the basic rules of cooperation with the company, as well as the obligations of both parties. Every client should read the agreement before registering. Let's consider some points in more detail. The user should be aware and accept the fact that the risk of loss when trading or owning digital currencies can be high. Digital currency services are not currently regulated in most countries (by the financial authorities or any other regulator). Therefore, the customer should carefully consider whether trading or holding digital currency is appropriate for them in light of your financial condition and possible risks.
You can contact the support service by one of the suggested options:
- email: [email protected];
- online chat;
- social media.
Is WhiteBit a scam?
WhiteBit is a young project that appeared on the Internet in early 2019. In a relatively short period the platform was able to attract a lot of users. The company is focused mainly on the residents of the CIS countries, but the interface is also available in other languages. The headquarters is located in Estonia, from where the company is regulated. The platform provides its users with favorable, and most importantly, comfortable conditions for trading cryptocurrency. There are 150+ currency pairs in the listing of the exchange at the moment. The most popular are BTC/USD, BCH/BTC, BTC/USDT, NEO/ETH and LTC/BTC. In many aspects, the organization is similar to its competitors, but there are differences in functionality.
Those users who want to earn extra income can take part in an affiliate program and receive up to 40% of commission. To enable traders to access the trading platform around the clock, a mobile app has been developed. There is both an Android version and an iOS version. Although the company appeared on the site relatively recently, the first reviews from users can be found on the Internet. In general, the site has a positive reputation. Having analyzed the opportunities implemented by the company, can it be argued that WhiteBit is a scam and scammers? No, because the organization is reliable and works in accordance with the legal framework.
WhiteBeat - is a young company that appeared on the market not so long ago. The service provides customers with a platform for cryptocurrency trading. Since 2019, the project has gained popularity among users. The main clients are traders from the CIS countries. For its users, the organization provides profitable and transparent trading conditions. However, trading itself is a risky process, so before starting cooperation it is necessary to soberly assess your own capabilities and risks. At the moment, the platform looks good among the competitors, but there is still work to be done. If you have cooperated with the company, leave your impressions about the service on our website.
- Fraudsters 27 February 2022 at 22:20
Problems with verification
15 February 2022 at 17:07
7 February 2022 at 12:53
I withdrew money from Amir Capital through...
11 October 2021 at 17:02
- 15 October 2021 at 12:29
- 27 February 2022 at 21:42
Came to exchange btc and now I'm...
5 October 2021 at 12:54
- 11 October 2021 at 11:00
For the work of supporting blagdarnosti of...
7 September 2021 at 15:29
- 20 September 2021 at 10:22
I'm new to Whitebit, but so far...
31 August 2021 at 15:53
- 1 September 2021 at 10:01
No questions, good exchange, I had no...
19 August 2021 at 17:28
- 20 August 2021 at 10:30
Thanks a lot to the support team
4 August 2021 at 16:01
- 5 August 2021 at 10:22
I liked the work of the support...
27 July 2021 at 16:38
- 3 August 2021 at 17:30
It's cool that there is a demo...
26 July 2021 at 10:47
- 3 August 2021 at 17:29
There is a huge number of assets...
20 July 2021 at 14:10
- 3 August 2021 at 17:28
I recently installed whitebit app using a...
19 July 2021 at 15:21
- 21 July 2021 at 11:22
Thanks for the quick solution to the...
13 July 2021 at 12:51
- 15 July 2021 at 11:24
I've been trading on WhiteBIT for the...
12 July 2021 at 11:28
- 12 July 2021 at 17:03
Received approval for compensation, but also received...
7 July 2021 at 16:48
- 12 July 2021 at 17:04
Very pleased with the work of the...
5 July 2021 at 12:18
- 5 July 2021 at 17:13
- Yes, it's a scam 1 July 2021 at 19:31
Absolutely inadequate... accidentally made 5 coins ripla
1 July 2021 at 18:55
- 5 July 2021 at 17:12
- Absolutely inadequate just like exmo... Accidentally transferred... 1 July 2021 at 18:50
Reliable exchange. First of all I paid...
30 June 2021 at 10:23
- 5 July 2021 at 17:09
Met with such a problem, I bought...
27 June 2021 at 13:41
- 5 July 2021 at 17:03
Even though I am an experienced trader
23 June 2021 at 17:00
- 5 July 2021 at 17:07
I am currently testing several bitcoin trading...
18 June 2021 at 15:01
- 22 June 2021 at 12:21
I am new to trading, so I...
18 June 2021 at 14:41
- 22 June 2021 at 12:18
I had to be nervous, because the...
11 June 2021 at 11:40
- 11 June 2021 at 13:54
I have tried several exchangers, I settled...
7 June 2021 at 13:53
- 11 June 2021 at 12:48
There is a huge number of assets...
4 June 2021 at 10:38
- 11 June 2021 at 12:46
I've been on WhiteBIT for 2 years
2 June 2021 at 13:34
- 11 June 2021 at 12:40
Scammers! You do not withdraw money under...
13 August 2020 at 12:20
- 25 May 2021 at 15:05
I was looking for feedback on a...
14 January 2020 at 10:31
- 25 May 2021 at 14:45