WhiteBIT review
WhiteBIT is a centralized cryptocurrency exchange founded in 2018 by Volodymyr Nosov, offering spot, margin and perpetual futures trading, staking/Earn products and crypto-backed borrowing. It built its European footprint through a series of national Virtual Asset Service Provider (VASP) registrations across countries including Lithuania, Poland, Spain, Bulgaria, Croatia and the Czech Republic, a lighter-touch status than a full prudential licence. Ahead of the EU's MiCA compliance deadline, WhiteBIT secured a Markets in Crypto-Assets (MiCA) authorization from Austria's regulator, which it can now passport across the European Economic Area, moving it from registration-only status to a harmonized EU licence covering governance, client-asset protection and AML controls. It markets itself as Europe's largest exchange by user count.
WhiteBIT key facts
- Website: whitebit.com
- Category: Centralized cryptocurrency exchange (CEX)
- Founded: 2018, by Volodymyr Nosov
- Headquarters: Vilnius, Lithuania
- Regulatory status: Austrian MiCA (CASP) authorization, passported across the EEA; prior national VASP registrations in several EU states
- Products: Spot, margin and perpetual futures trading; WhiteBIT Earn staking; crypto-backed borrowing; native WBT token
- Trading fees: Spot: flat 0.1% maker/taker, falling toward 0% maker at high volume; futures from about 0.01% maker / 0.055% taker
- Supported assets: 330+ cryptocurrencies across 780+ trading pairs
- Security: Reports 96% of assets in cold storage; maintains a $30M insurance fund
- CEO: Volodymyr Nosov
- FYI Score: 90/100 (ranked #6 of the 48 crypto exchanges we track)
Trading fees
- Flat 0.1% maker/taker spot fee, below several large competitors' standard rate
- High-volume spot traders (30-day volume around $5M+) can see maker fees fall toward 0%
- Futures fees run lower still, roughly 0.01% maker and 0.055% taker
- 10-level VIP programme keyed to trading volume or WBT token holdings; top tier includes a maker rebate
Supported assets
- 330+ cryptocurrencies listed, per independent exchange-review data
- 780+ spot trading pairs, plus a separate futures pair set
- Fee discounts and platform perks tied to holding the native WBT token
Products
- Spot trading and margin trading up to 10x leverage
- Perpetual futures up to 100x leverage
- WhiteBIT Earn for staking and crypto lending yield
- Crypto-backed borrowing and a demo-trading mode for practice
Security & regulation
- Austrian MiCA authorization (2026), passportable across the EU/EEA — a step up from the VASP-only registrations most of its EU presence previously relied on
- Prior footprint built on national VASP registrations (not full licences) in Lithuania, Poland, Spain, Bulgaria, Croatia, the Czech Republic and Italy
- Reports roughly 96% of customer assets held in cold storage, with a stated $30M insurance fund
- Independent AAA security rating from CER.live and third-party security audits
Fiat & payments
- Deposits in USD, EUR and GBP alongside crypto
- Visa/Mastercard card purchases, Apple Pay and Google Pay
- SEPA transfers for EU users and SWIFT bank transfers
Markets
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Who WhiteBIT is for
WhiteBIT suits EU-based traders who want low flat spot fees and high futures leverage from a now MiCA-authorized platform. Users outside the EU, including the US, should verify current availability and should weigh WhiteBIT's smaller liquidity and brand track record against larger, longer-regulated alternatives.
Pros
- Flat, competitive 0.1% spot trading fee versus a higher industry-average benchmark
- Genuine MiCA (CASP) authorization as of 2026, passportable EU-wide, ahead of many peers still relying on registration-only status
- Broad futures leverage (up to 100x) and a sizeable spot asset list for a mid-tier exchange
- High reported cold-storage ratio and a dedicated insurance fund
Cons
- For most of its history operated on national VASP registrations rather than full prudential licences — a materially lighter regulatory bar than MiCA authorization or a US/UK licence
- No confirmed US operations or licensing; not positioned as a US-facing exchange
- Smaller global liquidity and brand recognition than the largest exchanges (Binance, Coinbase, OKX)
- Limited fiat currency support (USD/EUR/GBP) compared with exchanges offering dozens of local currencies
WhiteBIT FAQ
Is WhiteBIT regulated?
As of 2026, WhiteBIT holds a Markets in Crypto-Assets (MiCA) authorization granted by Austria's regulator, which it can passport across the EU/EEA. Before that, its EU presence was built mainly on national Virtual Asset Service Provider (VASP) registrations in countries including Lithuania, Poland, Spain, Bulgaria and Croatia — a registration process, not a full prudential licence, so the MiCA authorization represents a genuine upgrade in regulatory standing rather than a continuation of the same status.
What are WhiteBIT's trading fees?
Spot trading carries a flat 0.1% maker/taker fee, which can fall toward 0% for makers at high 30-day volume (around $5M+). Futures fees are lower, starting around 0.01% maker and 0.055% taker. A 10-tier VIP programme based on volume or WBT token holdings reduces fees further, with the top tier offering a small maker rebate.
How many cryptocurrencies does WhiteBIT support?
Independent exchange-tracking sources put WhiteBIT at roughly 330+ listed cryptocurrencies and 780+ spot trading pairs, though exact counts vary by source and change as listings are added.
Is WhiteBIT available in the US?
WhiteBIT is not positioned or marketed as a US-facing exchange, and no US licensing has been confirmed. It is primarily built around European users and its 2026 MiCA authorization is specifically an EU/EEA regulatory status, not a US one.
Compare WhiteBIT with other crypto exchanges
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