Examination of WhiteBIT in 2025: Functionalities, Charges, Advantages, and Disadvantages
WhiteBIT Cryptocurrency Exchange Simplifies KYC Verification Process
WhiteBIT, a leading cryptocurrency exchange, has streamlined its Know Your Customer (KYC) verification process to make it more accessible for its users. Here's a step-by-step guide on how to verify your account on WhiteBIT.
Registration
To get started, register on WhiteBIT's app or website by providing your email address and creating a strong password. Accept the required terms and checkboxes, and you're ready to proceed.
Identity Verification (KYC)
After registration, complete the KYC process to unlock the full platform's functionality and benefits. Although optional initially, WhiteBIT recommends doing it promptly for account security.
KYC Requirements
Input your personal details, such as your full name, date of birth, and address. Upload a clear photo of a valid government-issued ID (passport, national ID card, or driver’s license). A face verification step (a live photo or selfie) is also required to confirm your identity matches the ID.
The process is automated and typically takes about five minutes. Upon successful submission, immediate approval is usual. Completing KYC unlocks all features, including higher withdrawal limits and full use of the platform.
Security Measures
Beyond KYC, WhiteBIT supports additional security features like two-factor authentication (2FA) and passkey support for enhanced account protection.
WhiteBIT is committed to ensuring the security of its users' funds. The exchange has undergone numerous security audits and achieved a Level 3 certification under the Cryptocurrency Security Standard (CCSS).
Other Features
WhiteBIT supports a wide variety of cryptocurrencies and fiat currencies. Among the leading cryptocurrencies and altcoins supported on the platform are Ethereum, Tether, Cardano, Bitcoin, Dogecoin, Terra, Avalanche, USD Coin, Aave, The Graph, Hedera Hashgraph, Axie Infinity, Chainlink, Bitcoin Cash, Litecoin, Uniswap, Filecoin, Stellar, FTX Token, Polygon, Ethereum Classic, Dai, VeChain, TRON, Shiba Inu, Klaytn, Kusama, NEO, Monero, NEAR Protocol, EOS, and Tezos.
WhiteBIT also supports 9 fiat currencies, including USD, EUR, ZAR, JPY, IDR, GHS, MXN, and more. Users do not pay any fees for crypto deposits, but withdrawal fees vary depending on the different crypto assets.
Users can make transfers on the platform using MasterCard or VISA, with a 6.5% fee for credit card payments. WhiteBIT also offers a referral program, Crypto Borrow product, and Crypto Lending service.
Headquartered in Vilnius, Lithuania, WhiteBIT has a rapidly growing user base spread across more than 190 countries. The exchange features a user-friendly interface, making it ideal for both beginner and expert traders.
However, it's important to note that WhiteBIT does not serve the United States market. The exchange offers leverage for margin trading and futures trading, with up to 100x leverage for futures trading and up to 10x leverage for margin trading.
WhiteBIT's spot trading fees never exceed 0.1% for all transactions, making it one of the lowest-fee exchanges in the market. Takers on WhiteBIT's futures trading pay 0.055% in fees, while makers are charged an impressive 0.01%.
WhiteBIT's native cryptocurrency, WhiteBIT Coin (WBT), powers the Whitechain blockchain that hosts the trading platform. The exchange supports over 300 crypto assets and more than 780 trading pairs.
WhiteBIT staking is relatively safe due to its robust security measures and strict adherence to KYC/AML procedures. Returns from WhiteBIT crypto lending range from 0.23% to 18.64%.
WhiteBIT, founded in 2018 by Volodymyr Nosov, competes with other global competitors, including Binance, KuCoin, and Coinbase. In December 2024, WhiteBIT launched the VISA-powered WhiteBIT Nova debit card for crypto payments.
Trust is built over time, and WhiteBIT has earned it. With over 8 million users across 190 countries, WhiteBIT is a trusted platform for cryptocurrency trading and investment.
- WhiteBIT supports a wide range of cryptocurrencies, including Ethereum, Bitcoin, Litecoin, and Solana.
- Upon completing the KYC process, users can access higher withdrawal limits and fully utilize the platform's features.
- WhiteBIT's user-friendly interface makes it an ideal choice for both beginner and expert traders.
- Users can make transfers on the platform using MasterCard or VISA for a fee of 6.5%, but crypto deposits are free.
- WhiteBIT's commitment to security is evident in its implementation of protocols like two-factor authentication, passkey support, and achieving a Level 3 certification under the Cryptocurrency Security Standard.
