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Crypto exchange Whitebit rating, benefits and registration

whitebit
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  • Official sources
  • Rating:CAA
Launch date: 2018
Commission (spot): 0,1%
Commission discounts: up to 100%
VIP programme: WBT holders are provided with a trading commission discount of up to 100%. Referral program - up to 40% of the referral commission.
Registration bonuses: Not provided.

Whitebit: registration and verification (KYC)

  • Registration:
    1. Enter your email and create a password.
    2. Confirm the mail with the code.
  • Verification (KYC):
    1. Upload an identity document (passport/ID card).
    2. Take a selfie verification.
    3. Wait for the confirmation via email.

Ratings and justifications

Overview of registration bonuses, referral programme

New users are not provided with registration bonuses in the form of free coins or discounts on trading fees. After passing KYC verification, additional tools are available to clients.

The WhiteBIT referral program provides for up to 40% of the commissions of the referral attracted to the system for regular users and up to 50% for WBT token holders tokens (if they are stored in the holding). Rewards are accrued monthly depending on the referral's trading turnover.

Analysis of the loyalty programme

The loyalty program works only for WBT coin holders. For the 1st level, you need to stack 400 coins, which gives you a 10% discount on spot.

Using your own WBT exchange token in trading offers a number of advantages: reduced fees, free cryptocurrency withdrawals, and access to exclusive features. Holding WBT (token storage) opens up additional benefits, such as free ETH or ERC-20 token transactions.

Analysis of basic commissions: trading, deposit and withdrawal

Commission for the first 100000 USDT of spot trading volume

The basic commission on spot trading is 0.1% for makers and takers. For a trading volume of 100000 USDT, the commission will be 100 USDT.

For most coins, there is no commission, while for cards, the commission ranges from 1-1.5% depending on the currency and amount (EUR, USD, UAH). Withdrawals are charged in the range of 1-2%.

Annual profit for WBT staking at 100,000 USDT

WBT token staking offers up to17% per annum. By investing 100,000 USDT in WBT at an annual rate of 15%, a user can receive approximately 17,000 USDT in 12 months, provided the token rate is stable.

  • Rating:

Bonuses for registration

C

Loyalty program

А

The amount of commissions

А

Strengths

  • Low commissions (from 0.1% and below), large discounts under the loyalty program, and high-quality localization for Ukraine.

Weaknesses

  • Limited selection of futures contracts compared to competitors, relatively small amount of liquidity, and no bonuses upon registration.

Interesting numbers

  • Registration bonuses: the amount of starting bonuses in dollars: 0 USDT
  • Referral program: the amount as a % of the commission: 40%
  • Annual profit for staking an exchange token for 100,000 USDT: 17%
  • Savings on commission for the first 100,000 USDT of spot volume, subject to a hold of 10,000 USDT: 30 USDT*
*Calculation of savings
When staking 400 WBT for 10,000 USDT (the exchange rate of 1 WBT is approximately 25 USDT), a systemic discount of 30% is provided on the maker's commission on the spot. With a standard commission of 0.1%, the cost will be 100 USDT, and the discount will be 30 USDT.
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