How to access Demo trading on WhiteBIT?

WhiteBIT does have demo (paper, mock) trading available, but it is not immediately obvious. There is no demo trading option in any of the platform's main menus. To access Demo trading on WhiteBit, go to Spot trading, and then choose a trading pair under the "Demo" category, as shown in the image. Demo trading will use fake funds, and it's a great way for beginners to experience the thrill of trading without any real risk to assets.

Does WhiteBIT require KYC?

All WhiteBIT accounts must pass KYC (know-your-customer) process. This is required on every major exchange that wants to be compliant with laws. During our review, the verification process was completed within the promised timeframe of 10 minutes. The KYC process requires submitting your personal details (name and address). You will also need to submit a photo of your identity document (national ID or passport). The process is quick and easy as long as you are in one of WhiteBIT's available regions. Because the platform has mandatory KYC in place, we do not recommend attempting to use the exchange from restricted territories.

Is WhiteBIT available in United States?

WhiteBIT is restricted in several dozen countries, including United States. Due to harsh regulatory restrictions and demands, most crypto exchanges are not legally able to operate in the USA. WhiteBIT requires identity verification for all users, and is therefore not available nor recommended for users located in US. The only way to potentially use WhiteBIT is by completing the KYC process with Palau ID. It is up to each individual exchange to determine whether they will accept this ID. You should also not attempt to access the exchange with US IP addresses, however you can trade on WhiteBIT directly from TradingView to avoid some common detection methods. We do not recommend using any of these methods, and instead you should find an exchange operating in United States.

Is WhiteBIT centralized or decentralized exchange?

WhiteBIT's main platform is a centralized crypto exchange (CEX). Decentralized version of WhiteBIT is called WhiteSwap. WhiteSwap is a decentralized exchange (DEX) launched as a fork of the UniSwap protocol. It's available on Ethereum network, but also Polygon and Polygon zkEVM, Tron, and Whitechain, the exchange's native blockchain network. WhiteBIT's DEX allows you to swap assets same as other decentralized exchanges. You can also bridge tokens between networks, stake in farms, provide liquidity to mine in associated pools, and participate in governance through voting. The exchange is available on https://ws.exchange/.

Buy Bitcoin with ZEN: Best ZEN.com Deposit Crypto Exchanges

Exchange	Deposit Fee
Binance Visit	1% to 1.2%
Bybit Visit	0.92% - 1.20% or €1.60
Bitget Visit	0.95% to 1.1%
WhiteBIT Visit	1%

Read Review

Link bonus:

: 10%

: $100

#1 Binance

4.8/5

World’s biggest exchange by volume – High liquidity on all trading pairs – Trading fee discounts with native token – Cheap fiat deposits – Reliable and trusted

: 550+

: 2017

: ₿ 74,079

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

Demo trading

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Stocks, Commodities & Forex

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.05%

Additional 10% fee discount when using our referral signup link.

Additional $100 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 2%
ACH (USD): $1 (US only)
SEPA (EUR): No fee
GBP: 1 GBP
SWIFT: Min. €0.5, max. 1.2%

View all deposit & withdraw fees

Safety

Exchange launched in 2017

Number of users: 300 million

Insurance fund: 1.0 billion USD

Licenses & registrations: 22

Proof of Reserves

Highly regulated

Considered very safe

Volume & Altcoins

Number of altcoin pairs: 550

Last 24h trade volume (in BTC): 74,079

High trading volume

High liquidity

Read Review

Link bonus:

: 10%

: $30,000

#2 Bybit

4.8/5

Cheap fiat deposits and withdrawals – Beginner friendly with quick purchase and convert – Solid amount of quality mid-cap altcoins – $30,000 in signup bonuses – Reliable and trusted since 2018

: 750+

: 2018

: ₿ 15,809

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

Demo trading

Crypto ATM cards

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Stocks, Commodities & Forex

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.055%

Additional 10% fee discount when using our referral signup link.

Additional $30,000 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 1.10% EU, 2.70%-3.05% Non-EU
SEPA (EUR): 0.19% (€1 min.)
GBP: 0.92% via ZEN
SWIFT: 0.25% or 0.51% (min. €15 or €25)

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Number of users: 80 million

Licenses & registrations: 8

Proof of Reserves

Highly regulated

Considered very safe

Volume & Altcoins

Number of altcoin pairs: 750

Last 24h trade volume (in BTC): 15,809

High trading volume

High liquidity

Read Review

Link bonus:

: $6,200

#3 Bitget

4.5/5

Lots of interest-earning assets available for staking and savings – Up to $6,200 bonus for new users – Quick convert for beginner traders – Large amount of cheap altcoins not listed on other exchanges

: 700+

: 2018

: ₿ 9,282

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

Demo trading

Crypto ATM cards

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Stocks, Commodities & Forex

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.06%

Additional $6,200 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 4%
SEPA (EUR): No fee
SWIFT: USD only, no fee

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Number of users: 120 million

Insurance fund: 560 million USD

Licenses & registrations: 11

Proof of Reserves

Highly regulated

Volume & Altcoins

Number of altcoin pairs: 700

Last 24h trade volume (in BTC): 9,282

Read Review

#4 WhiteBIT

4.0/5

Fiat deposit options including bank transfers, cards, Apple Pay – Easy fiat withdrawals in multiple currencies – Quick convert – Full TradingView integration – Gift cards – CS:GO skins marketplace – Lowest futures trading fees

: 350+

: 2018

: ₿ 17,518

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P trading

Mobile App

Demo trading

Crypto ATM cards

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.01%
Futures Taker Fee: 0.035%

Fiat deposit fees:

Visa/Mastercard: 1.5% to 3.5%
SEPA (EUR): 0.1% – 0.2%

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Number of users: 8 million

Insurance fund: 30 million USD

Licenses & registrations: 8

No Proof of Reserves

Highly regulated

Volume & Altcoins

Number of altcoin pairs: 350

Last 24h trade volume (in BTC): 17,518

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