• 25/05/2024 01:58

What is Whitebit?

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What is Whitebit: it is a cryptocurrency exchange with Ukrainian roots and legal registration in Lithuania, which offers its users a variety of trading opportunities and investing.

This information was reported by the official resource Whitebit, reports URA-Inform.

It is part of an ecosystem that includes DEX WhiteSwap, the P2P trading platform Bitcoin Global and the crypto payment system Whitepay.

History

Currently, the exchange has more than 3.5 million active clients from 150 countries. The founder of the exchange, entrepreneur Vladimir Nosov, began his journey in the crypto industry after successful experience in the field of flooring. He is the CEO of WhiteBIT and the host of a YouTube show about cryptocurrencies and finance called Gagarin Show.

What kind of trading is available

The exchange offers various types of trading, including cryptocurrency exchange, basic and professional trading, margin and futures trading. In addition, participants can use the WhiteSwap decentralized exchange or Bitcoin Global P2P platform to exchange cryptocurrency. There is also a tool «Cryptodeposit», which allows users to receive passive income for storing their funds on the platform.

Whitebit Security

Security on the WhiteBIT exchange is at a high level: 96% of users’ digital assets are stored in cold multi-signature wallets, and there is also an insurance fund of $30 million , which is replenished by transaction fees.

User accounts are protected by anti-phishing programs, and two-factor authentication and a web application firewall are used to prevent online attacks. WhiteBIT also complies with the standards of the International Anti-Money Laundering Group.

The exchange automatically analyzes customer deposit addresses in accordance with anti-money laundering procedures, and also provides users with the opportunity to independently verify cryptocurrency addresses for involvement in illegal activities. According to the Hacken audit dated February 2022, WhiteBIT ranks TOP 3 among exchanges in terms of security, with an AAA rating.

The exchange offers various types of trading, including cryptocurrency exchange, basic and professional trading, margin and futures trading. In addition, participants can use the WhiteSwap decentralized exchange or Bitcoin Global P2P platform to exchange cryptocurrency. Thus, many people no longer have a question about what Whitebit is and why this exchange is one of the best of its kind.

Projects and games similar to Whitebit for earning cryptocurrency

Besides Whitebit, there is a wide range of other cryptocurrency trading platforms on the market, such as Binance, OKX, Gate io, BingX and many others. These exchanges offer a variety of opportunities for making money on cryptocurrency, including trading, staking and defi protocols.

In addition, clicker games are becoming increasingly popular among users of cryptocurrency markets, providing the opportunity to earn money not only on cryptocurrency pairs. NEAR Wallet, Avacoin, TapSwap, WormFare, Harvest MOON, TOM Clicker, Click Arbuz and many other gaming platforms allow you to earn cryptocurrency through various game mechanics such as clicking, farming, trading and much more.

It is worth noting that a guide has also appeared on how to earn good amounts on Whitebit, which will help many people.

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