WhiteBIT exchange review
Our 2020 review of WhiteBIT's features, security, team and policies.This is our 2020 review of WhiteBIT, a Europe-based centralized exchange, kept as a historical snapshot, so treat its figures on the flat 0.1% fee, trading pairs, interest accounts, margin and perpetual futures, KYC rules, and APIs as describing the platform in 2020 rather than today. Later updates, such as WhiteBIT's June 2026 MiCA authorization, are dated in the review.
WhiteBIT is a centralized exchange founded in 2018. Its platform is available on the web at whitebit.com, as well as mobile apps for iOS and Android, in English, Ukrainian, Russian, Chinese, Estonian, Japanese, Turkish, German, Spanish, Portuguese, and Georgian.
I will divide this review into 5 sections covering WhiteBIT’s most salient features:
- Reliability
- Security and trading
- Interest-bearing accounts
- KYC/AML
- Pro Business user support.
Reliability
WhiteBIT is a Centralized Crypto exchange that is licensed in Europe. First it was licensed in Estonia, but now the head office of UAB Clear White Technologies is in the Republic of Lithuania, address: 26, J. Basanavičiaus Street, Vilnius, LT-03224.
The founding team has been running the exchange since 2018 and growing it at a steady pace, having worked with well-known projects like Dash, Tron, and Matic.
In June 2026, WhiteBIT's EU entity, WB-Shield Innovations GmbH, was granted a MiCA authorization by Austria's Financial Market Authority, which lets it passport the authorized crypto-asset services across the EEA under a single license.
Security and trading
No hacks on WhiteBIT have been publicly reported to date.
A focus of WhiteBIT’s marketing is stressing its fast and secure trading platform. WhiteBIT claims to store 96% of their funds in cold wallets. No hacks have been publicly reported since its launch, which is the absence of a public report rather than proof of security.
Besides security, there is a focus on speed and ease of trading. The site is most definitely speedy. With quick loading speeds while on the trading dashboard, as well as orders that execute in real-time. WhiteBIT says its engine can handle over 10,000 trades per second.
WhiteBIT fees
WhiteBIT’s fee structure is straightforward and simple. There are no differences between takers and makers, with all trades incurring a flat-fee of 0.1%. Whereas most exchanges charge 0.25% and give discounts to makers, a lot of top exchanges are bringing their fees down to the 0.15-0.20% range. WhiteBIT’s fees remain competitive, and in some trading pairs go below its standard 0.1%.
There are other fees for deposits and withdrawals as well as fiat onboarding via several methods, including credit cards. Most Crypto deposits are free.
Liquidity
WhiteBIT offers trading across hundreds of pairs.
Its most-traded pairs (Bitcoin and US dollar ($BTC /$USD ), Bitcoin and Tether ($BTC /$USDT ), Ether and US dollar ($ETH /$USD ), Ether and Tether ($ETH /$USDT ), and Stellar and Tether ($XLM /$USDT )) carry most of the volume, and WhiteBIT reports low slippage on them.
Interest-bearing accounts
WhiteBIT offers the opportunity to earn interest on a select number of Cryptoassets with its Crypto Lending program, which acts essentially like time deposits. These work in a similar way to traditional Crypto staking but without relying on a mining reward. They have plans in $USDT , $DASH , $ETH , $BTC and others, with interest paid at the end of the period.
KYC / AML
At the moment, U.S. citizens are not allowed to register with WhiteBIT. Also the company does not accept identity verification from citizens or residents of the following countries and territories: Afghanistan, American Samoa, the U.S. Virgin Islands, Guam, Iran, Yemen, Libya, Palestine, Puerto Rico, Somalia, North Korea, the Northern Mariana Islands, Syria, Sudan, South Sudan, Transnistria, the temporarily occupied territories of Georgia, Nagorno-Karabakh, Northern Cyprus, Western Sahara, Ambazonia, Kosovo, Republic of Belarus, Russian Federation and occupied territories of Ukraine.
WhiteBIT operates under the EU's anti-money-laundering framework, updated in 2024 to the Sixth Anti-Money Laundering Directive (AMLD6, Directive 2024/1640). Upon logging in the first time, you will notice a warning that in order to deposit or withdraw you will need to submit to undergo KYC verification. These rules extend AML/CFT obligations such as customer due diligence, transaction monitoring, and reporting to crypto-asset service providers like WhiteBIT, comparable in kind to what banks face though not identical in scope.
The KYC process is straightforward and consists of uploading a passport image, a residential image, and a selfie. WhiteBIT verifies the documentation and then allows you to deposit and withdraw freely.
Enhanced due diligence may be carried out for business entities and those in high-risk countries per the EU’s definition. At the time of this review, U.S. citizens were not allowed to register with WhiteBIT.
Pro Business user support
WhiteBIT’s focus on speed, low-fees, and security naturally draws a number of professional traders as well as business or institutional users. What is interesting is that WhiteBIT makes most of the special features normally reserved for VIP users available to their whole userbase.
For starters, the trading view is customizable, so you can change the dashboard to fit your needs specifically. There is no right or wrong way to do trading views, so this feature is definitely useful to cater to a wide variety of trading styles.
A few of these special features deserve their own sections.
APIs
WhiteBIT provides well-maintained public and private REST APIs for obtaining market data as well as for placing orders and managing your account, respectively. The documentation is clear and facilitated in several programming languages, as is available in both GitHub and Postman. WhiteBIT APIs are released with semantic versioning.
API keys can be generated in-app. Overall, these APIs give a wide range of possibilities to more sophisticated traders as they cover the full functionality of the platform.
Spot, Margin trading and perpetual futures contracts
WhiteBIT is largely a Spot trading platform. On the completion of a trade order, you can withdraw the Crypto without restrictions. WhiteBIT supports Limit, Market, Stop-Limit, Stop-Market, and OCO (One Cancels The Other) Orders. Limit Orders are to set a price to buy/sell while Market Orders are to do so immediately. Stop Orders are a safeguard against volatility while Conditional Orders monitor the trading pair you are interested in. Traders also may place a combination of two orders simultaneously using the OCO method. Given that only one of them will be carried out, it combines a limit order with a stop-limit. The benefit of this orders is that the second order is immediately canceled as soon as one of the orders is half or fully completed. Altogether, these order types support more tactical trading strategies.
By the time of this review, WhiteBIT had enabled Margin trading, which means a trader can use a leveraged position by a broker to place an order without committing the full amount with their own funds, the broker covering the difference and charging a daily fee for the loaned funds. This makes WhiteBIT one of a handful of exchanges that support a full margin trading terminal. At the time, margin ranged from 1X up to 10X.
WhiteBIT had also added perpetual futures contracts. Perpetual futures contracts are a type of derivative instrument that allows traders to bet on the future price of a cryptocurrency without having to own the underlying asset. They are called "perpetual" because they don't have an expiration date, meaning that traders can hold their positions for as long as they want.
On WhiteBIT, perpetual futures contracts are traded with leverage, meaning that traders can open positions that are larger than the amount of capital they have in their accounts. The leverage available on WhiteBIT for perpetual futures contracts ranges up to 50X and 100X, depending on the specific contract.
Token listing
WhiteBIT supports a variety of Cryptoassets, and projects can apply to have a token listed through WhiteBIT's own application process.
To conclude, this review covered the basics of what WhiteBIT offers: an exchange that supports both fiat and Crypto, and pro traders and starters alike. WhiteBIT continues its global expansion while continuing to serve the Eastern European market. Let us know how your experience with WhiteBIT exchange went and whether we covered everything in our guide!