There are many different online trading platforms for trading, but it is hard to find a reliable platform where you can trust and invest your money with the trustworthy platform. In this review article, we will tell you about one of the best platforms where you easily learn forex and can start online trading without taking any risk.

The WhiteBIT is an online trading platform for exchanging cryptocurrencies towards the universe. It was launched in 2019 in Estonia and had 500,000 happy and satisfied customers. The company’s main purpose is to spread blockchain technology and develop a solid crypto community by offering simple and safe exchange services.

WhiteBIT Review- A Comprehensive Overview

WhiteBIT is a legal cryptocurrency exchange that has amazing features for both novice and professional traders. However, the platform not only provides this offer but also offers a few more things that they believe are beneficial to their consumers. 

The platform has developed an app that is available for both Android and iOS to improve online trading. It can translate many languages for its foreign users.

The user interface is customized, and orders are completed quickly due to a trading engine that can conduct 10,000 trades per second. Furthermore, costs are reasonable, which are mentioned below, and the platform has a powerful API.

US-investors

WhiteBIT does not currently accept US investors to trade on the platform. But don’t worry, if you’re from the United States and looking for the perfect exchange, you can use our Exchange finder to find the best trading platform for you.

Fee Structure of WhiteBIT

When we talk about the fee structure, the Exchange does not take any separate costs from their buyers and sellers. However, the price structure is referred to as a “flat fee model.” and has a fixed trading cost that starts at 0.10 percent and goes up from there. The other industry average is generally about 0.25 percent, where WhiteBIT’s trading fees are affordable. Despite the fact that industry averages are progressively decreasing, 0.10 percent – 0.15 percent gradually comes in new industry averages.

Withdrawal Fees

These are also important things to consider. The exchange charges you 0.0004 BTC when you withdraw BTC. This cost is also lower than the industry standard. The maximum withdrawal cost varies by customer.

The new and basic accounts can withdraw up to $500 USD or similar per day, and the Advanced Account is USD 100,000 or similar with a two-factor authentication set. 

However, verification is also required for the withdraws of more than 2 BTC per day. Overall, this exchange charges lower fees than other cryptocurrency exchanges nowadays.

WhiteBIT Security

The WhiteBIT platform provides 96 percent of the securities where you can feel free from any risk. They also provide two-factor authentication to log in, just like other exchanges. There are also provide IP detection, biometrics confirmation, and other features. Overall, WhiteBIT is a reliable platform that focuses on security.

Conclusion

In this WhiteBIT review for 2021 we have shared the important things that will help invest in the right platform. It is important to research before investing because it is also risky when you don’t know much information about exchanging cryptocurrencies.