Training at the WhiteBIT crypto exchange

Cryptocurrency exchange WhiteBIT does not offer training for traders. To get acquainted with the services, you can go to the company’s website whitebit.com and study all the information about them. The site is translated into several languages. Before you start working on the platform, you should study all the pages, read the offer agreement and the privacy policy. If you have any questions, you can contact technical support through live chat or Telegram. You can also write to the email.

FAQ

On the site cryptocurrency exchange WhiteBIT has a “FAQ” section where the administration has published answers to popular user questions. Traders who are going to trade at the site should read the materials on this page. The questions cover the following topics:

• Registration and account setup – how to register and log in to your personal cabinet, what information it contains. Also published information about different types of balance, API and password change.
• Verification – why KYC verification is needed, how to do it, how long the documents are checked and what to do if there was a mistake.
• Deposits and withdrawals – many articles on how to deposit in cryptocurrency and fiat, withdraw assets, how to use memo and destination tag, how much network confirmation is needed. There is also information about commissions and minimum amount for deposit and withdrawal.
• Demo Token. Information about the demo virtual asset, its benefits and how to get it.
• Margin trading – answers to questions about what is such a variant of work, what are the positions, how they differ, what is a Margin Call and liquidation.
• Orders – materials about different types of orders, their creation and cancellation. You can find out where to see the history of orders and what to do if you can’t cancel an order.
• Decimal Token (DECL) – information about the control token and how to get and use it.
• Exchange – information about this tool.
• WhiteBIT referral program – conditions of the program, participation in it, accrual, data on referrals.
• SMART-stacking – description of the service, information about opening/closing the selected plan.
• WhiteBIT codes – creation, amounts for which codes can be issued, how to activate and transfer.
• Security – two-factor authentication and anti-phishing.

Top 5 best cryptocurrency exchanges

Site Sections

On the site of the cryptocurrency exchange, a menu is available, the items of which contain information about the services of the service. They include sections with different data pages:

• Trading – the transition to the basic and professional interface of the terminal, margin platform, exchange pages, P2P trading and DEX.
• Products and services – Steaking, tournaments, app links, affiliate program, AML checks and listings.
• About – Trade fees, FAQ, question submission form, system data, Bug Bounty program, blog.
• Documents – API, user agreement, AML and privacy policies.

Blog

The administration of the WhiteBIT crypto exchange maintains a blog with a lot of content about cryptocurrencies and trading. Traders should regularly review new articles in order to keep abreast of changes in the digital asset market. There is also a lot of material published for beginners, in which you can learn about the basics of trading, strategies and tools. The blog has several sections to search for articles on the topic of interest:

• Buy cryptocurrency – list of currencies with the price. You can go to the page with details about the asset and find out where to buy and store coins, what exchanges it is listed on, etc.
• Coins – a list of coins with a rating. The description page of each offer has information about price, prospects, and buying.
• Activity – publication of the results of raffles, trading tournaments, winners, and news about SMART-stacking.
• Cryptonews – experts on cryptocurrencyThe company’s experts on blockchain and smart contracts share their experiences and publish news on the field.
• WhiteBIT news – changes in the operation of the exchange and information about new assets.
• Training – cryptoWiki and articles on how to use WhiteBIT features.

Demo Token

WhiteBIT has developed a Demo Token. This is the name of a free demo asset that helps practice trading and try different trading strategies. It is used to get acquainted with different financial instruments of the crypto exchange in order to test each of them and understand how they work. You can also use tokens to hone your technical skills. To see how a trading strategy will work, to evaluate the advantages and disadvantages, you can also use a demo token. The advantages of the virtual asset include:

• fast receipt;
• free use;
• the opportunity to get acquainted with the functionality of the exchange without cost;
• studying the specifics of the market and developing your own trading strategy;
• the ability to transfer to other users using codes without a fee.

For those users who have not traded in cryptocurrency before, the use of a demo token is suitable. To activate a virtual asset, you need to do the following:

• Go to the “Codes” section and click on the “Get Demo Token” button on the left.
• On the panel that opens, there will be codes for BTC and Tether. You can copy one of the codes and close the panel.
• Click the “Activate Code” button and enter it in the suggested field. Then the token will appear on the main account and the activation of the code will be displayed in the history. You can repeat the procedure for another token. This way you can get 0,5 BTC and 1000 USDT to test trading tools. To start trading, you will need to transfer funds from the main account to the trading account.

What do beginners need to know?

Those users who have not traded in cryptocurrency before should study this field in detail in order not to risk their funds. You can read articles on our website, dedicated to trading digital assets, study materials of other thematic resources. There are also a lot of videos on video hosting sites about how to work on different platforms, what kinds of trading exist, how to create orders and conduct transactions. Today there are also educational projects that offer courses where you can learn more about different cryptocurrencies, trading strategies, and terminals.