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Home » Crypto Market Trends » What is WhiteBIT? A Guide to the Leading Crypto Exchange
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Crypto Market Trends

What is WhiteBIT? A Guide to the Leading Crypto Exchange

CryptoAINewsBy CryptoAINewsJanuary 22, 2025No Comments3 Mins Read
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Overview of WhiteBIT

WhiteBIT is a centralized crypto alternate providing instruments for merchants of all ranges. Right here’s a fast abstract:

Function

Particulars

Based

2018, in Kharkiv, Ukraine

Founder

Volodymyr Nosov

Customers

5.5+ million

Buying and selling Quantity

$6 billion (spot) each day

Supported Belongings

300+ cryptocurrencies, 600+ buying and selling pairs

World Attain

Operates in 150+ international locations

Key Options of WhiteBIT

WhiteBIT presents a number of options appropriate for each new and skilled merchants:

  1. Sturdy Safety
    • 96% of funds saved in cold wallets.
    • Superior safety instruments like Net Utility Firewall (WAF).
    • Common third-party safety audits.
  2. Various Buying and selling Choices
    • Spot, margin, and futures buying and selling with as much as 100x leverage.
    • Integration with TradingView for superior charting and evaluation.
  3. Person-Pleasant Expertise
    • Multilingual 24/7 buyer help, together with voice help.
    • Demo tokens for novices to apply risk-free.
  4. Passive Earnings Alternatives
    • Lending applications providing as much as 18% curiosity yearly.
    • Auto-invest options for normal portfolio progress.
  5. Low Charges
    • Spot buying and selling charges capped at 0.1%.
    • Futures buying and selling charges begin as little as 0.0585%.
    • WBT holders obtain as much as 80% payment reductions.

WhiteBIT Ecosystem

WhiteBIT has constructed a posh ecosystem that extends past primary buying and selling companies:

Product/Function

Description

Whitechain

Blockchain with Proof-of-Authority (PoA) for scalability and effectivity.

WhiteBIT Token (WBT)

Native token providing payment reductions and staking rewards.

Whitepay

A crypto cost gateway for companies and prospects.

Crypto Debit Card

Visa-powered card for international crypto-to-fiat transactions.

WhiteSwap

Decentralized alternate supporting DeFi functions.

Aggressive Benefits

Moral Practices

WhiteBIT supported humanitarian efforts throughout the Ukraine battle, utilizing its Whitepay answer to facilitate donations.

Accessibility

Its instruments cater to novices and superior merchants. Demo tokens assist customers apply methods with out monetary danger.

Regional and World Presence

WhiteBIT has partnered with organizations like FC Barcelona and Turkish soccer golf equipment. It additionally plans to broaden into extremely regulated markets, together with the U.S.

Passive Earnings and Rewards

Customers can take part in lending applications or earn by way of buying and selling competitions and affiliate applications. Token burns preserve WBT’s provide deflationary, driving worth for holders.

Subscribe to Coinbackyard and browse extra crypto alternate opinions! 

WhiteBIT Coin (WBT)

WBT is the spine of Whitechain and performs a key function in its ecosystem. Listed here are its principal options:

Function

Particulars

Provide Cap

400 million cash

Use Circumstances

Price reductions, staking rewards, and ecosystem funds.

Interoperability

Helps Ethereum (ERC-20) and Tron (TRC-20) tokens.

Present Worth

$28 (as of January 2024)

Whitepay and WhiteEX

Whitepay is a cost gateway permitting companies to just accept crypto funds seamlessly. It presents safe and scalable options for retailers. WhiteEX, one other WhiteBIT innovation, simplifies crypto-to-fiat conversions for real-world use.

WhiteBIT’s give attention to safety, accessibility, and user-centric innovation has helped it develop from an area enterprise to a significant power on this planet. Its alliances and rising ecosystem make it a aggressive possibility for each institutional and retail merchants.



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