Introduction
The crypto world was experiencing an unprecedented year-long bear market known as the crypto winter when Whitebit launched in late 2018. Bitcoin (BTC) had already had a few rally and dump cycles. Major exchanges like Binance and Coinbase had also launched and were steadily growing. Meanwhile, a lot of crypto users were trying to figure out how to trade while avoiding high fees and clunky platforms. That moment of rapid crypto growth and frustration created a space for new players to offer something different. WhiteBIT seized the opportunity, building a platform that aimed to be user-friendly and affordable. This also included giving traders access to several assets and tools that many felt were missing elsewhere.
Considering the regulations and guidelines regarding digital assets in the UK, concerns about fees, security standards, and compliance have been on the lips of traders and investors. Moreso is the comeback of yet another unexpected crypto winter after the market witnessed the largest weekly decline in BTC in over three years. People have become more careful because details on fees, security, liquidity, and regulatory compliance, etc., of trading platforms are really precious at this time. This is why we’re providing this WhiteBIT review through the lens of your needs. Let’s get started.
Table of Contents
- Introduction
- What is WhiteBIT?
- Is WhiteBIT Crypto Exchange Legal and Regulated in the UK?
- Key Products and Services offered by WhiteBIT for UK Traders
- What is the WhiteBIT Nova card?
- What services does WhiteBIT offer to B2B clients?
- How does the WhiteBIT mobile app work in the United Kingdom?
- What assets are available for trading on WhiteBIT?
- WhiteBIT fees explained for UK traders
- WhiteBIT Referral and Affiliate Program
- How long does it take to start trading on WhiteBIT?
- How helpful is WhiteBIT customer support in the UK?
- WhiteBIT pros and cons for users in the United Kingdom
- FAQs
- Conclusion
What is WhiteBIT?
Starting out as a startup to build a secure and broad crypto market space, WhiteBIT was founded on November 16, 2018. It operates as a centralised cryptocurrency exchange, helping people buy, sell, and trade digital money. It also does more than that by offering trading options such as spot, margin, and futures markets. Users can also enjoy platform-specific features like earning rewards on certain assets. Its own native token (WBT) also rewards holders. In addition, the platform provides options for moving crypto quickly between users.
Over the years, WhiteBIT has expanded over time, reaching key milestones and contributing to several courses. In 2024, it had over 5.5 million users and hit a new record for its mining pool. By 2025, it had become part of a larger fintech group serving about 35 million people worldwide with trillions of dollars in annual trading volume and partnerships with familiar brands.
The platform wears security as its strong suit, with audits and industry certifications showing strong protections for users’ funds and data. It tends to appeal to those who desire to use tools that perform beyond just trading, with lots of crypto options and features.
Is WhiteBIT Crypto Exchange Legal and Regulated in the UK?
Since WhiteBIT’s parent company, W Group, has its headquarters in Vilnius, Lithuania, it follows the virtual asset frameworks of several European countries. However, it is not regulated by the Financial Conduct Authority (FCA), the main body that oversees crypto affairs in the United Kingdom. Meanwhile, it is often regarded as a top platform due to its high security and accessibility for UK users.
Key Products and Services offered by WhiteBIT for UK Traders
- WhiteMarket
This is WhiteBIT’s peer-to-peer area, where you get to transact with other users. This is usually very useful, especially when traditional routes aren’t meeting your needs. - TradingView-Powered Charts
With its integration of TradingView tools into its exchange interface, users can easily monitor price charts and drawing tools used by professional traders worldwide. - WhiteBIT Voucher
A WhiteBIT voucher is similar to a digital crypto gift card. It allows you to send crypto value to another through a code instead of a wallet address. This feature supports quick transfers and/or internal payments without dealing with long wallet strings. - WhiteBIT Coin (WBT)
WBT is the exchange’s native token that gives holders access to trading fee reductions and other platform-related benefits. It serves as a utility token in WhiteBIT’s ecosystem. - Trading Bots
The platform offers automated trading bots that handle execution based on market movement. - WhiteBIT Launchpad
The launchpad focuses on new crypto projects before they reach the wider market. Through this feature, you get early exposure to selected tokens under review by the exchange. - WhiteSwap
WhiteSwap is WhiteBIT’s decentralised exchange product. It supports token swaps without using the main exchange order book. Users can trade tokens directly on-chain while staying within the exchange ecosystem. - WB Check
WB Check is a WhiteBIT feature with functions like a digital crypto check. It helps you transact or transfer cryptocurrency using a unique code, even if the recipient does not have a WhiteBIT account. Each check stays valid for up to five years. It also supports instant transfers starting from 50 USDT.
What is the WhiteBIT Nova card?
Unlike how some crypto exchanges limit their functionalities to the usual tools that enable buying and selling, WhiteBIT has been doing a whole lot differently. From features like its voucher and WB check to the WhiteBIT Nova card. All these blend into users’ daily activities, improving the quality of traders' and investors' crypto dealings.
The Nova card is a crypto payment card that connects everyday spending with users’ WhiteBIT account. It links straight to your exchange balance and converts crypto to local currency at the point of payment. This facilitates a seamless payment flow for daily needs like food, transport, and even online shopping using the same assets you trade. At times such as market swings, the Nova card closes the gap for those who need quicker entry and exit points without locking funds in places where they can’t access them promptly. Rather than acting as a separate product, it acts like an extension of your trading account. Through this, users can avoid friction and the extra steps common with many crypto cards.
What services does WhiteBIT offer to B2B clients?
- VIP Program
This program is meant for high-volume traders and companies that move large sums. At the core of this structure are lower trading fees and priority support. If you trade often or manage funds for others, it reduces costs over time and cuts delays during busy market periods. - Institutional Services
These services target funds, crypto firms, and professional desks, supplying them with deeper liquidity and direct account management. - Market Making Program
This program supports projects and firms with the mission to gain steady buy and sell activity on their tokens. - Payment Solutions for Businesses
Businesses that accept crypto payments can integrate WhiteBIT tools such as the Nova card into their checkout or billing systems. Customers pay in crypto, while businesses manage settlements through the same platform. - Crypto-as-a-Service (CaaS)
This service supports companies that want crypto features inside their own apps or platforms. These businesses can plug into WhiteBIT’s infrastructure for exchange functions instead of building everything from scratch.
How does the WhiteBIT mobile app work in the United Kingdom?
In the UK, you can download the WhiteBIT mobile app on both iPhone and Android. It’s just as accessible as the website. The app shows real-time prices, tracks markets, places trades, and manages orders from anywhere. It mirrors most core tools from the desktop platform and still possesses security features like fingerprint or PIN login.
What assets are available for trading on WhiteBIT?
WhiteBIT lists over 300 cryptocurrencies with more than 600 trading pairs, covering popular coins like BTC and ETH. They also include: stablecoins such as USDT and USDC, and a list of altcoins and exchange tokens.
WhiteBIT fees explained for UK traders
On WhiteBIT, crypto deposits are free apart from the network fee from your wallet. Meanwhile, a fee is taken in the amount of the specific coin when you withdraw. These fees vary by network and can change. Sending crypto between wallets counts as a withdrawal and will incur the same per-asset fee. Visit WhiteBIT’s official fees page to get a clear breakdown of these fees. The standard spot trading fees for makers and takers is 0.1%, though it can also vary for some pairs.
WhiteBIT Referral and Affiliate Program
WhiteBIT has both a referral and an affiliate program to boost users’ morale and increase their earnings while using the platform. The exchange referral program is a simple, person-to-person sharing, where you invite friends to sign up and trade, and you earn a share of the fees they pay on each trade, as high as 50%. Instead of guessing what that could mean for you, the built-in calculator shows possible earnings based on how active your referrals are.
On the other hand, the affiliate program introduces a more advanced setup, which is suitable for people who bring in larger audiences. By driving new users to WhiteBIT, you can earn up to 60% of their trading fees. As those users trade more, they unlock higher discounts, which keeps them active while increasing your share. You can also control how rewards are split, giving you more say over how your earnings are structured.
How long does it take to start trading on WhiteBIT?
Account signup takes a few minutes with your email and password. Identity checks can be from 10 minutes to a few hours, depending on document review. Crypto deposits show up after network confirmations, while bank payments may take one to two business days. In most cases, you can begin using WhiteBIT for crypto trading the same day.
How helpful is WhiteBIT customer support in the UK?
When you encounter issues, you can reach the team through live chat for quick questions, email for detailed cases, and phone calls when it's urgent. Beyond that, active community spaces and Discord channels give you real responses from staff and users.
WhiteBIT pros and cons for users in the United Kingdom
Pros
- Exclusive seasonal promos like 14% cashback on the WhiteBIT Nova card for Valentine.
- Whitepool referral program for earning rewards.
- Auto Invest tool for recurring trades.
- 96% of funds are stored in cold wallets for security.
- WAF protection to block hacking attempts.
- Low trading fees for cheaper trades.
- AML tools, including Crystal Intelligence for compliance.
Cons
- Limited GBP bank transfer options.
- Fewer fiat payment methods than UK-based platforms.
- Not FCA-registered as a UK exchange.
FAQs
Is it obligatory to pass KYC verification to open a WhiteBIT account?
To start trading on WhiteBIT, you must complete KYC verification because the platform follows strict EU rules to prevent fraud and money laundering. This is one of the reasons many users, in my honest opinion, on WhiteBIT, feel safe using the platform for their trades.
Is WhiteBIT safe?
Based on everything we’ve shared, it’s clear WhiteBIT takes security seriously. With strong AML tools like Crystal Intelligence and safe fund storage, you can trade knowing your assets are in safe hands.
Is WhiteBIT better than Coinbase?
This WhiteBIT exchange review revealed that the exchange can be better than Coinbase because of its lower fees and faster trade executions, especially for mobile users. However, if simplicity and long-term reputation matter most, Coinbase still has an edge.
What payment methods are available on WhiteBIT?
On WhiteBIT, you can pay with crypto using direct wallet transfers, Violet.com, or trade through its spot and futures markets. For fiat, the platform supports cards, Google and Apple Pay, bank transfers, and WhiteBIT P2P.
Conclusion
This WhiteBIT exchange review has covered all there is to know about the platform, from its trading options and fees to security measures and regulatory considerations. The exchange meets the needs of mobile-first users and those who care about safe, compliant trading. The way it stays practical for everyday crypto activity makes it a solid platform choice.
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