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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
WhiteBIT Review
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WhiteBIT is a European crypto exchange known for its broad range of trading options and a beginner-friendly interface. It offers competitive fees and robust security features, making it attractive to many users. However, some traders have reported challenges with customer support and transparency, particularly regarding fees and account management. Overall, WhiteBIT serves well as a trading platform, but users should be mindful of these potential issues when considering it for their needs.
Overview
Quick Facts
WhiteBIT is one of the largest European crypto exchanges, founded in 2018 in Ukraine. It prioritizes safety, transparency, and constant development. With over 4 million users, WhiteBIT offers 270+ assets and 350+ trading pairs.
Informations
Pro's & Con's
WhiteBIT
Features
Feature Overview
Unique Features
- Spot, margin, futures, and leveraged ETF trading
- Anti-phishing security feature
- Cryptocurrency Price Tracking Widget for MacOS and Apple Watch
Tradable Assets
- Cryptocurrencies
Trading Options
- Derivatives
- Margin trading (leverage)
- Short/Long
- Copy trading
Our
WhiteBIT
Review
Test Result
Conclusion
WhiteBIT is a European crypto exchange known for its broad range of trading options and a beginner-friendly interface. It offers competitive fees and robust security features, making it attractive to many users. However, some traders have reported challenges with customer support and transparency, particularly regarding fees and account management. Overall, WhiteBIT serves well as a trading platform, but users should be mindful of these potential issues when considering it for their needs.
Customer Reviews
/ 5 average rating from -- reviews
Write a Review
Share your experience! Your review can help others make informed decisions. Let us know what worked well and what could be improved. Your feedback is valuable and will contribute to our community’s knowledge.
WhiteBIT
User Reviews
The interface is contemporary and user friendly, with a sleek aesthetic. That being said, some users have experienced glitches with the registration and account verification sequences.
WhiteBIT exchange is a major European digital currency exchange from the Ukraine. They offer their users an easy-to-use interface, a useful mobile app, as well as passive income options and low trading costs. Nevertheless, it is not accommodated for deposits or disbursements in USD.
WhiteBIT has been praised for its intuitive layout, as well as access to numerous currencies on a single platform. In addition, users like the opportunity to save on fees, although some users have described the issues they faced with blocked accounts and funds held up in withdrawal.
The fee structure at WhiteBIT stands out for its competitive nature. However, transparency surrounding the costs associated with maintaining positions overnight, as well as financing, might need to be reevaluated in the eyes of some users.
While WhiteBIT has been commended for its user-friendly interface as well as its low trading fees, some customers have experienced difficulties accessing their accounts.
The WhiteBIT customer service team demonstrates a mixed reputation. Some users are content with the service and acknowledge swift response times, while others are left waiting too long and problems remain unsolved.
While WhiteBIT has made a name for itself in the cryptocurrency world because of its simple, sleek interface, low fees, and wide range of tools. Nevertheless, some users encounter concerns when working with customer support or account management. Consequently, some users need more clarification on transparency issues and feel that the service is not user-friendly enough. The site's versatility is something lots of customers like, though, and think the last two criticisms are opportunities for improvement.
About
WhiteBIT
WhiteBIT
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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