What is WhiteBIT?
WhiteBIT is a cryptocurrency exchange that provides a platform for trading various digital assets. It aims to offer a secure, user-friendly experience with a wide range of trading tools and features for both beginners and experienced traders.
Who is the Founder?
WhiteBIT was founded by a team of blockchain and finance professionals, with specific names not widely publicized.
When Did It Start Operations?
WhiteBIT began operations in 2018.
Where Is It Based?
WhiteBIT is headquartered in Ukraine.
In Which Countries Is It Banned?
WhiteBIT primarily operates globally but may face restrictions in certain regions, including:
- United States: WhiteBIT may have limited services for U.S. residents due to regulatory constraints.
- China: Cryptocurrency exchanges are banned.
- Other Countries: Various jurisdictions may impose regulations that limit access to WhiteBIT’s services.
What Is the Trading Fee?
WhiteBIT’s trading fees typically range from 0.1% to 0.2%, depending on the specific trading pairs and user trading volume.
Is Margin Trading Available?
Yes, WhiteBIT offers margin trading, allowing users to trade with leverage. This feature enables traders to borrow funds to increase their positions, which can amplify potential returns but also increases risks.
