WhiteBIT is a cryptocurrency exchange established in 2018 in Kharkiv, Ukraine. It's one of the largest European cryptocurrency exchange with over 8 million users and a trading volume of $2+ trillion per year.
What is WhiteBIT
Here's how it works:
- Wide Range of Features: Offers various trading options like spot, margin, and futures trading, along with staking and a crypto wallet. It supports multiple fiat currencies, including USD, EUR, and GBP.
- High Security Standards: Audited by Hacken in 2022, a leading cybersecurity firm, WhiteBIT received an AAA security rating. It uses strong security measures like cold storage (keeping assets offline), two-factor authentication, and IP whitelisting to protect user funds.
- Suitable for All Traders: Both beginners and experienced traders find WhiteBIT user-friendly. The exchange provides educational resources for learning about crypto trading and tools to help manage risk and increase profits.
In summary, WhiteBIT is a secure and versatile crypto exchange suitable for a wide range of traders, offering comprehensive trading services and strong security measures.
Team of WhiteBIT
Vladimir Nosov
Founder and CEO
Vladimir Nosov, Founder and CEO: Vladimir Nosov is the founder and CEO of WhiteBIT. He has over 10 years of experience in the IT industry and is a certified blockchain expert.
As founder and CEO, Volodymyr focuses on the development of IT, provision of the customer-oriented services, company growth, and maintenance of the highest level of digital solutions in fintech - all this while following the global mission of the mass adoption of blockchain technology.
Alexei Kovalov
Vice President
Alexei Kovalov has 20+ years of technical experience, CTO experience for over 6 years, prior to WhiteBIT he worked as a CTO at Next Chain.
Yuriy Kuleshov
CEO WhiteBIT Investment
Yuriy Kuleshov worked for over 10 years as Web Design Specialist at Gameloft, followed by 2 years developing Next Chain, over two years as Chief Innovation Officer at WhiteBIT, and is currently CEO of WhiteBIT Investment.
WhiteBIT review
Pros
Wide Crypto Range
WhiteBIT supports over 500 cryptocurrencies, including major ones like Bitcoin and Ethereum, offering diverse trading options.
Competitive Fees
Low trading fees with maker fees at 0.03% and taker fees at 0.07%, making it cost-effective for traders.
High Liquidity
Ensures easy buying and selling of cryptocurrencies, minimizing slippage risks.
Advanced Trading Tools
Offers tools like limit orders, stop-loss, and margin trading for sophisticated trading strategies.
Prestigious Partnerships
Official Cryptocurrency Exchange Partner of FC Barcelona and FACEIT, indicating a strong market presence.
Cons
No Insurance
User funds aren't insured, posing a risk in case of hacking or other security breaches.
Regulatory Risks
The lack of regulation by major financial authorities may raise concerns about security and compliance.
KYC Limitations
Does not cater to users in sanctioned areas, limiting its accessibility.