What this exchange is
WhiteBIT has run since 2018, is registered in Lithuania and was founded by Ukrainians. Its own token, WBT, stands out: it ranks fifteenth on the market by capitalisation, above most standalone projects. For a token issued by an exchange, that position is unusual.
On listing breadth it does not compete with the Asian venues: around eight hundred markets against several thousand on Bitget or Gate. But breadth is not why people use it.
The real difference: ordinary money without USDT in the middle
Of those eight hundred markets, ninety-two are euro pairs and sixteen are hryvnia pairs, plus eighty-eight against bitcoin. Nothing else we cover offers that combination: the other venues route almost everything through USDT and keep euro or hryvnia pairs in single digits, or only on P2P.
The practical difference is simple. The usual path from euro into a coin is two trades: buy USDT first, then buy the coin. Each trade costs a fee and a spread, so a round trip pays four charges instead of two. Here the path is shorter, and when you settle in euro or hryvnia that adds up.
Fees
Spot charges a tenth of a percent for maker and taker alike, falling with volume and with WBT holdings. That sits mid-table for our coverage: cheaper on the large tiered venues, dearer on Kraken's entry tier.
Withdrawals are worse, and that deserves saying plainly. Moving USDT out costs 1 USDT on almost any network: TRON, BSC, Solana, Polygon alike. Only Ethereum (0.4) and Plasma (0.1) come cheaper. For comparison, Binance charges 0.01 to withdraw USDT on BSC — a hundred times less. If you move coins between exchanges often, that gap eats the edge faster than any trading fee.
Exact figures per coin and network are in the live table at the top of this page, collected from the exchange itself.
Futures and funding
There are 396 USDT perpetuals here, and the exchange publishes funding for all of them. A pleasant detail for a data collector: the same response carries the next settlement time and the interval in minutes, where most venues need a separate request for that.
The interval is not the same on every contract: eight hours on some, four on others. Our funding section accounts for that, annualising from the real interval.
P2P: it exists, but does not reach our rates
P2P works on WhiteBIT, and for the hryvnia it is a meaningful market. But it is not served publicly: there is no programmatic access to the ads, P2P is not among the open sections in the exchange's documentation, and the section's page is behind bot protection.
So WhiteBIT is absent from our P2P rate sections, and will stay absent until the exchange opens that data. We will not invent numbers in its place.
Who it suits
Anyone who counts in euro or hryvnia and would rather not pass through USDT every time. Anyone holding WBT for the fee discount. And anyone who values a European registration over an offshore one.
It does not suit people who shuttle coins between venues constantly: withdrawal charges here are higher than on the large competitors, and on short routes that decides the outcome.
