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WhiteBIT Review: Things You Need To Know

by Eric

Every second person dreaming about financial independence is heading towards Forex trading. Forex trading is not child’s play and, you need to be careful. Patience is a crucial need in this field. If you don’t want your luck to beat you, then learn forex trading to be capable of planning trades. You should learn reading patterns on the market chart. This skill can’t be learned in a day; it will come with experience. Demo accounts are the best option to learn forex trading before risking investments.

WhiteBIT Exchange Review

  • Established in 2019
  • crypto-fiat exchange
  • Over 150 trading pairs
  • Legal exchange meeting KYC and AML requirements
  • Operational in around 190 countries
  • Funds can be deposited using VISA, Mastercard
  • Minimum trading fees
  • Fast trading experience
  • Spot trading, margin trading, and futures trading

Why trade at WhiteBIT?

  • You can trade BTC, altcoins, and BEP-20 tokens (also ERC-20 tokens), 4 fiat currencies (USD and EUR).
  • The platform offers a multilayered security system.
  • Trading volumes are high and the liquidity is also high.
  • If you are a beginner, you can learn basic skills of forex trading. Do spot and margin trading. Peer-to-peer exchange of cryptocurrencies is also available. You will also get a free account with multiple currency wallets.
  • Multiple options are available to deposit and withdraw funds. It allows users from any background to join the platform. As all interested individuals don’t have bank cards, they can use e-wallets.
  • WhiteBIT offers an easy path to investments in Blockchain cryptocurrencies. You can easily earn handsome profits with smart trades.
  • The commission rate didn’t fluctuate and stayed constant at 0.1% of the trading funds. There are no hidden fees or charges.
  • Learners can benefit from the demo token for education and training. There list of frequently asked questions and answers on the basics of cryptocurrency readings mentioned on the platform. Read more about How to Learn More About Cryptocurrency.

Why avoid WhiteBIT?

  • Only basic level trading is available and no advanced training features on the platform. Only advanced learning on staking is available. Other than staking, you have no investment alternatives.
  • You can contact customer service support only through the website and email. They have no call center or other method of the prompt communication system.

According to Trades Union, the overall rating of the platform is 5.75/10. If you want an application for your mobile devices, you can download it from the play store and can enjoy the platform. The platform offers multiple options for active and passive earnings. The minimum deposit amount for BTC is 0.0005 BTC.

The affiliate program is not multilevel and is a standard 1-level program. People from Egypt are more interested in trading on WhiteBIT. While Indians are at number 2 followed by Japan, Algeria, Saudi Arabia, Argentina, Turkey, Morocco, Bangladesh, and others respectively.

Take Away

Many users took part in the WhiteBIT review and recommended the platform based on their experience. People who are recommending the platform commented that they are on the platform since the launch and hence understand how the platform progressed. They are hopeful for further betterment as well.

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