5 things you should know about the WhiteBIT cryptocurrency exchange
The exchange combines a high level of security, a wide range of assets, and passive income options.
Along with the growing popularity of digital currencies, the number of crypto exchanges has also increased.
To choose the right one from various trading platforms, you need to know their features and advantages.
In this article, we will discuss five key elements of the WhiteBIT cryptocurrency exchange that make it stand out from the rest.
Safety & security
WhiteBIT is truly renowned for its serious approach to security.
This platform even has entered the top three most secured crypto exchanges, according to CER.live, and the top two most secure exchanges in the world based on an independent Hacken audit.
WhiteBIT stores 96% of its assets in cold storage. An additional layer of protection is provided by 2FA, anti-phishing software, and automatic logout.
Also, customers can use the AML service to check crypto addresses for involvement in criminal activities and create a whitelist of addresses they trust. Before withdrawing funds from the exchange, the user receives an email with a verification code.
You can increase the protection of your account even more by verifying your identity (KYC). The procedure takes no more than 24 hours, but usually, the documents are checked in an hour or two.
Verified users will get access to operations with national currencies and a daily withdrawal limit of up to 100 BTC. However, without identity verification, one can still buy and sell cryptocurrencies, and the daily withdrawal limit is 2 BTC.
24/7 Customer support
If users have any problems or questions concerning the operation of the exchange, they can contact WhiteBIT customer support, which is ready to help 24/7.
It is currently available in 9 languages: English, Russian, Ukrainian, Chinese, Simplified Chinese, Japanese, Estonian, Spanish and Turkish. Considering that the platform is multiplying, the set of languages may expand in the future.
450+ trading pairs available
Of course, the range of assets and trading pairs is critical when choosing an exchange. You can already trade on over 450 pairs on WhiteBIT, which will grow as new assets are added almost every day.
Six orders are available: Limit, Market, Stop-Limit, Stop-Market, Conditional-Limit, and Conditional-Market.
Also, you can trade on some pairs using margin trading. Again, thanks to the user-friendly interface, it will be easy to figure out how it works.
Passive income option: SMART staking
WhiteBIT offers a valuable option as SMART Staking for users who desire to earn income in cryptocurrency. However, you must deposit funds to the selected plan and hold them for the specified period.
At the end of this period, you are guaranteed to receive the interest specified in the plan. Thus, SMART Staking does not require in-depth cryptocurrency knowledge or trading skills.
There are currently plans for 40+ cryptocurrencies available on the exchange. Most of them vary from 10 days to a year, and the interest rate ranges from 0.4% to 30%.
Of course, the longer you hold, the more profit you get.
So, the plan with USDT for a year will bring you 30% profit, and the income from analogical plans with popular cryptocurrencies such as BTC, ETH, XRP, or DOGE is 28%.
Another way to get a passive income is through a referral program.
Traders can invite new users to WhiteBIT via a referral link and receive 40% of the number of their trading fees. These payments are received monthly. The more friends you invite and the more actively they trade, the more you earn.
So, we have told you the five main things you need to know about WhiteBIT.
As you can see, the exchange combines a high level of security, a wide range of assets, and passive income options. You can try out these features and see for yourself.
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