This is a review of the Bitbit exchange, Europe’s largest international cryptocurrency platform. The project was launched in 2018 by Ukrainians Vladimir Nosov and Oleg Kiyan. Today the team of the service has more than 350 employees. Since the opening of the site registration on the exchange has been passed more than 2 million times, and this figure is growing rapidly. Residents of more than 190 countries are regular users of the platform. Transactions with cryptocurrency can also be done through a convenient mobile application. There are versions of the program for iOS and Android operating systems.
The company cares about customer comfort, offering the most simple interface and convenient tools for managing cryptocurrency and fiat assets. The service is available in 10 languages. Thanks to the private and public API a user can quickly transfer funds between balances, place orders, insure them with stop-market and stop-limit, delete them.
Beginners can get a quick overview on the FAQ page. If you can’t find an answer to a question there, support is available 24 hours a day. Whitebit Exchange offers the following earning opportunities:
Trading Customers can earn from transactions with cryptocurrencies and regular currencies. Spot and margin trading, exchange, DEX and P2P are available. Over 400 trading pairs.
SMART-stacking You can earn up to 30% passive income per year by investing your cryptocurrency in exchange projects. A large selection of plans with different interest rates, terms and restrictions on the amount of the deposit are offered.
Referral program Distributing referral links, you can earn 40% of the trading commissions of invited clients. Accruals according to the program are made monthly in the currency operated by the attracted user.
Token listing The exchange is ready to promote promising cryptocurrencies by listing them. Placing assets on this platform will help to dramatically increase demand for them in the near future.
Commissions on the whiteBit exchange are among the lowest on the market. Regardless of the transaction amount, the rate for trading pairs does not exceed 0.1%. Bank cards, AdvCash, NixMoney, GeoPay, Checkout and other popular financial instruments are used for deposits and withdrawals.
The exchange pays increased attention to the safety of clients’ assets. Approximately 96% of digital funds are stored on cold wallets, which are accessed through a multi-signature system. Additional protection against hacker attacks is provided by WAF, anti-phishing programs and two-factor authentication. In case of force majeure, whiteBIT created an insurance fund, which is replenished from transaction fees. Today, clients’ assets are secured by $30 million.
People who are new to cryptocurrency exchanges should start by trading virtual tokens.