What Is WhiteBIT? Let's Meet Closer With Cryptocurrency Exchange

PROMOTED

Anyone familiar with cryptocurrencies has probably heard of the biggest European exchange from Ukraine called WhiteBIT. This exchange has become one of the best cryptocurrency trading platforms for a reason. The ambitious team regularly introduces new tools, listens to the community's wishes, and develops additional projects.

Keep reading if you still need to get familiar with WhiteBIT's benefits.

What is WhiteBIT?

WhiteBIT is a centralized cryptocurrency exchange from Ukraine, founded in 2018 by Volodymyr Nosov. At the time of writing, more than 3 million people from over 150 countries have become the users of the exchange.

Users are offered an impressive set of tools for trading and making passive income on cryptocurrency. They can conduct transactions with more than 450 assets, including 30+ fiat currencies.

WhiteBIT is a secure cryptocurrency exchange, and it holds a leading position in the top 3 platforms in terms of security according to Hacken and the CER.live rating.

Users' digital assets are protected by a system for detecting external network attacks. 96% of the assets are stored in cold wallets, which also significantly increases the security level of the exchange. WhiteBIT also has a KYC and AML policy.

Trading on WhiteBIT

WhiteBIT is a universal platform with a significant trading volume, which can be used by traders of any level, regardless of budget, and experience.

The simplest and most common type of trading on WhiteBIT is spot trading. In this case, users conduct operations using only their funds.

Experienced traders can try their hand at margin trading that allows using borrowed funds from the exchange and increasing buying power. WhiteBIT offers to 20x leverage.

Buying or selling digital assets on WhiteBIT is easy. Users can quickly swap digital assets in the “Exchange” tab or by placing orders.

A variety of orders allows users to buy or sell assets at the current price and when the required price is reached. It is how orders are placed:

● Transfer the funds to the Trade balance;

● Search the necessary trading pair;

● Select the appropriate order type;

● Fill in the required fields and confirm the purchase.

Experienced traders will also like perpetual futures contracts with no expiration date. Its principle is similar to margin trading. Long and Short positions are opened, and leverage is available, but there is a difference: users pay a fee for using borrowed funds to each other and not to the exchange.

The WhiteBIT ecosystem also offers its users P2P trading (Bitcoin Global) and the DEX platform WhiteSwap.

Other products of secure cryptocurrency exchange

In addition to the centralized crypto exchange, the WhiteBIT ecosystem includes several other projects designed to make the life of users even more comfortable:

Bitcoin Global is a P2P platform where users can buy and sell cryptocurrencies directly with each other. BTC and USDT (ERC20 and TRC20) are supported.

WhiteSwap is an automated market maker (AMM) decentralized exchange (DEX) that works on Ethereum, Tron, and Polygon. Holders of the WSD governance token can vote to decide on the development of the protocol.

Whitepay is a SaaS company offering crypto solutions for businesses and merchants looking to add crypto payments. The platform provides crypto acquiring, POS terminals, and payment pages.

Gagarin Show is a YouTube show about cryptocurrencies and finance. The hosts discuss news, forecasts, and innovations in cryptocurrency. The show will be interesting for both beginners and experienced traders.

How to become a user on WhiteBIT

A person must have a user account to start trading and gain access to the full range of the WhiteBIT tools. The registration procedure takes several steps:

● Click "Sign up" in the upper right corner;

● Enter your e-mail address and create a password;

● Read the terms of use of the exchange;

● Follow the link you received in your e-mail to verify your e-mail address.

Traders with any experience will find something on WhiteBIT. As you can see, the exchange is very ambitious, and the team successfully implements them.