WhiteBIT Coin (WBT)

WhiteBIT Coin

WhiteBIT Coin is the native cryptocurrency of WhiteBIT, one of the largest crypto-to-fiat exchanges in Europe. Founded in 2018 in Ukraine, WhiteBIT prioritizes safety, transparency, and constant development, making blockchain technology available to everyone.


WhiteBIT ensures security by regularly undergoing Hacken.io cyber security audits and holding the highest AAA level in the CER.live rating. They keep 96% of assets on cold wallets, resist hacking attacks with WAF, comply with the standards of the Financial Action Task Force (FATF), and check assets with the AML system.

Products and Services

In addition to being an exchange, WhiteBIT offers various products and services:

  • SaaS company that provides cryptocurrency solutions for business and charity
  • A decentralized exchange that works on Ethereum and Tron blockchains
  • Physical cards for replenishing the balance on the WhiteBIT exchange
  • Analytical platform and news portal about the crypto industry
  • The world's first entertainment show about the blockchain industry
  • An innovative P2P marketplace for trading skins for CS:GO
  • The first non-banking institution in Georgia to offer its customers e-wallet UNIwallet and payment UNIcard Visa/Mastercard cards

WhiteBIT Coin (WBT)

WhiteBIT Coin, also known as WBT, is the native coin of the WhiteBIT blockchain. It provides holders with various benefits, including fee discounts and regular rewards. To enjoy these benefits, users need to register and complete KYC verification on the WhiteBIT exchange, top up their balance, buy/exchange WBT with USDT, and transfer WBT to holding.

Benefits of holding WBT include fee discounts, eligibility for fee discounts from owning and holding WBT, and access to privileges and discounts offered by WhiteBIT.

About WhiteBIT

WhiteBIT is a European centralized exchange launched in November 2018. It offers crypto-to-crypto and crypto-to-fiat transactions with 0.1% trading fees. With European Exchange and Custody licenses, WhiteBIT meets KYC and AML requirements and has millions of registered users from the EU, South America, and Asia. The exchange provides instant transactions, staking options, and a variety of trading tools.

The company was founded by Volodymyr Nosov, who is the current CEO. WhiteBIT is located in Vilnius, Lithuania, and has over 1000 employees. Certain countries are restricted from using the exchange.

WhiteBIT has also launched its own blockchain network called WB Network, which uses a proof-of-authority consensus algorithm to secure transactions using trusted validators. This blockchain is fast, secure, cheap, and energy-efficient.

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Where to buy WhiteBIT Coin

1. Coinbase Wallet

WhiteBIT Coin can be traded using Coinbase Wallet, your key to the world of crypto. WhiteBIT Coin is only available through Coinbase Wallet.

2. WhiteBIT Exchange

WhiteBIT is one of the largest crypto-to-fiat exchanges in Europe, offering a seamless experience of topping up your account with national currency or getting cryptocurrencies immediately.

  • Deposit USD and other national currencies conveniently
  • Robust protection of users' funds
  • Lowest trading fees
  • Favorable conditions for margin trading

3. Trust Wallet Wallet

Secure your WhiteBIT Coin with the most trusted cryptocurrency wallet. Ledger hardware wallet stores your private keys offline, providing a layer of security against internet threats.

  • Choose a Ledger wallet of your choice (Nano S Plus or Nano X)
  • Download and install a compatible third-party wallet like Metamask
  • Connect your Ledger Nano to your Metamask
  • Use Ledger Live platform for asset management

Note: It is not currently listed on Binance for trade and service.

Founders of WhiteBIT Coin

WhiteBIT Coin is a cryptocurrency exchange platform that was founded in 2018 in Ukraine.

The company prioritizes safety, transparency, and constant development, making it one of the biggest crypto exchanges in Europe with over 4 million users worldwide.

Volodymyr Nosov

Volodymyr Nosov is the founder and CEO of WhiteBIT. He had the idea to create a sustainable infrastructure for ambitious blockchain developers and crypto enthusiasts.

Nosov believes in providing users with a new level of using the exchange and new opportunities for interaction.

WhiteBIT is known for its security measures and regularly undergoes cybersecurity audits. The company keeps 96% of its assets on cold wallets, uses a web application firewall to resist hacking attacks, and complies with the standards of the Financial Action Task Force (FATF).

It also checks assets with an anti-money laundering (AML) system.

WhiteBIT offers various services and features, including spot, margin, and futures trading with adjustable leverage, crypto deposit services for earning interest on holdings, and a demo token feature for practicing trading without risking real funds. The platform also provides additional solutions for business and charity, such as crypto acquiring, POS terminals, payment pages, and physical cards for the exchange.

With its commitment to safety, transparency, and continuous development, WhiteBIT aims to make the future of blockchain technology available to everyone.

WhiteBIT Coin: Roadmap and Future Plans


WhiteBIT Coin (WBT) is the native exchange token of WhiteBIT, which is one of the largest European cryptocurrency exchanges.

It is designed as a full-fledged infrastructure product that aims to unite the WhiteBIT ecosystem with new exchange projects created on its basis.

Current and Recent Developments

- WhiteBIT recently conducted scheduled maintenance on September 20th and announced an app upgrade deadline.

- They hosted a contest, giveaway, and an NFT contest, allowing users to participate and win rewards. - WhiteBIT reduced the margin trading fee on August 21st and conducted a token burn on August 22nd.

- They also announced the end of an esports campaign, quiz, and activity campaign.

Future Plans and Roadmap

- Mainnet Launch: On August 3, 2023, the WB Network Blockchain Mainnet was launched, transitioning WBT from a regular token to becoming the native coin of the blockchain.

This step provides WBT holders with access to even more benefits and regular rewards. - Listing on Bitfinex: WhiteBIT plans to list WBT on Bitfinex, a popular cryptocurrency exchange, expanding its reach and accessibility to a wider audience.

- Meme Contest: WhiteBIT has planned a meme contest, providing an opportunity for users to get involved and showcase their creativity.

Benefits of WhiteBIT Coin

- Fee Reduction: WBT holders receive fee discounts on trading, making it cost-effective for users to execute trades on the WhiteBIT exchange.

- Bonuses for Ownership: Holding WBT provides various benefits, such as access to exclusive features and rewards. - Integration with Exchange Products: WBT integrates with different exchange products, offering bonuses and advantages for token holders.


WhiteBIT Coin (WBT) is the native exchange token of WhiteBIT, and the platform has several future plans and developments lined up. With the launch of the WB Network Blockchain Mainnet, WBT has become the main asset of the network, providing users with additional benefits.

Holding WBT offers fee reductions and access to various bonuses, contributing to a rewarding experience for users on the WhiteBIT exchange.

What is WhiteBIT Coin?

WhiteBIT Coin, often symbolized as WB, is a type of digital or virtual currency. Like all cryptocurrencies, it leverages a technology known as 'blockchain', a decentralized technology across a network of many computers that manage and record transactions. This makes digital money transacted more secure, without relying on a central authoritative body.

The Origins of WhiteBIT Coin

The WhiteBIT Coin is closely related to its namesake, WhiteBIT Exchange, an international crypto-exchange platform that lets you trade digital assets with high security and provides fiat-crypto operations. The company aimed to facilitate a more secure, faster, and straightforward way to trade cryptocurrencies, following strict European Union laws, leading to the creation of the WhiteBIT coin.

What Makes WhiteBIT Coin Unique?

One of the most striking aspects of WhiteBIT Coin is that it's intrinsically linked with the WhiteBIT exchange platform. This relationship creates a mutual love affair, making the coin much more stable than other cryptocurrencies. Also, unlike most popular coins like Bitcoin or Ethereum, the total supply of WhiteBIT Coin is limited to ensure its value.

Furthermore, WhiteBIT Coin holders receive various benefits, including lower transaction fees on the exchange platform. This incentive provides added value and promotes usage within the WhiteBIT community. It shows how WhiteBIT Coin doesn't exist only to serve as a detached digital asset; rather, it plays a vital role within the entire WhiteBIT ecosystem.

Perhaps one of the most exciting aspects of the WhiteBIT Coin is its emerging status. While Bitcoin, the first Blockchain-based cryptocurrency, has been around since 2009, WhiteBIT Coin is relatively new to the scene. This offers potential benefits for early adaptors, paving the way for possible significant gains.

Overall, the unique characteristics of the WhiteBIT Coin, its origin, and its connection to a secure crypto-exchange platform make it stand out in the crowded cryptocurrency horizon.

How is WhiteBIT Coin mined?



So, how does mining work for WhiteBIT Coins and why is it necessary? Let's break it down.

The Mining Process

In the digital world, transactions need to be verified to prevent individuals from spending the same coin twice, a concept called 'double-spending.' This verification process relies on miners.

The mining process starts when a WhiteBIT Coin user initiates a transaction. This transaction, along with others, forms a 'block.' Miners then take this block and attempt to solve a complex mathematical puzzle. The first miner to solve it adds the block to the 'blockchain', a public ledger where all verified transactions with WhiteBIT Coins are recorded. Once the block is on the blockchain, the associated transactions are considered verified.

Creating New WhiteBIT Coins

A reward system motivates miners to do the hard work of solving these puzzles and verifying transactions. This reward is in the form of new WhiteBIT Coins, hence creating new coins through the mining process.

There's a catch, though. The mathematical puzzles associated with mining aren't straightforward. They take a significant amount of computational power to solve, and the difficulty of these puzzles is intentionally kept high to regulate the number of new coins created and maintain a stable supply of WhiteBIT Coins.

Maintaining Network Security

By solving these puzzles and adding blocks to the blockchain, miners are simultaneously maintaining the network's security. Any would-be defrauders would need to alter the blockchain's historical data, a feat almost impossible to accomplish unless they held more than 50% of the total computational power of the entire network. This secures the network against various potential attacks, keeping your WhiteBIT Coins safe.

In essence, mining is a complex but integral part of the WhiteBIT Coin ecosystem. It plays a dual role of creating new coins and maintaining security, both of which are critical elements in sustaining a healthy and functional cryptocurrency.


Investing in WhiteBIT Coin

Much like the rest of the financial market, the principles of demand and supply significantly influence the price of WhiteBIT Coin. If more people desire to own it, its price will increase. Conversely, if many are looking to sell, its value goes down.

Cryptocurrencies value, including that of WhiteBIT Coin, is affected by various factors.

Demand and Supply

Much like the rest of the financial market, the principles of demand and supply significantly influence the price of WhiteBIT Coin. If more people desire to own it, its price will increase. Conversely, if many are looking to sell, its value goes down.

Technological Advancements

The underlying technology and any advancements thereof can also affect the value. Improvements that enhance the coin's versatility, accessibility, or security might raise its worth.

Market Sentiment

The general feeling or mood in the market can greatly influence the value of WhiteBIT Coin. Favorable media coverage often leads to an increase in price, while bad news can result in a price slump.

Regulatory Environment

Government regulation of cryptocurrencies also plays a significant role. Countries that impose strict regulations or bans can depress the price, while those supporting the use of cryptocurrencies can positively impact the value.

A Primer on Investing in WhiteBIT Coin

Investing in any cryptocurrency, including WhiteBIT Coin, involves a series of steps.

Start Small

Given the volatile nature of cryptocurrencies, it is advisable to kick off with a small investment that you are ready to lose.

Use a Secured Wallet

Transferring your WhiteBIT Coins into a secured wallet post-purchase is crucial for protecting your digital assets from unauthorized access or potential cybercrimes.

Stay Upbeat with Market Trends

Staying informed about market trends and analyzing the potential impact on WhiteBIT Coin can help make better investment decisions.

Consider Diversification

Diversifying your crypto portfolio by investing in multiple cryptocurrencies can help spread the risk.

Potential Risks and Rewards of Owning WhiteBIT Coin

Like any investment, owning WhiteBIT Coin comes with its set of risks and rewards.


The main risk comes from the volatile nature of cryptocurrencies. The value of WhiteBIT Coin can fluctuate dramatically in a very short time, leading to potential losses.


On the flip side, the same volatility can also lead to high returns. Early investors in Bitcoin, for instance, saw their investments skyrocket in value. In addition, WhiteBIT Coin, like other cryptocurrencies, offers heightened levels of security, transparency, and speed.

WhiteBIT Coin and Diversified Investments

Including cryptocurrencies like WhiteBIT Coin in your investment portfolio can add an element of diversification. Although it's recommended to balance this with traditional investments to spread and mitigate risk.

How to Buy and Store WhiteBIT Coin

To begin, you'll need a digital wallet in which to hold your WhiteBIT Coin, as well as any other cryptocurrencies you might own. A digital wallet is like a bank account for your digital currencies, it allows you to receive, store, and send currencies like WhiteBIT Coin to others.

To begin, you'll need a digital wallet in which to hold your WhiteBIT Coin, as well as any other cryptocurrencies you might own. A digital wallet is like a bank account for your digital currencies, it allows you to receive, store, and send currencies like WhiteBIT Coin to others.

Choosing a Wallet

You can choose a hardware wallet, which is a physical device that stores your cryptocurrencies offline, giving you an extra layer of security. Alternatively, you can pick an online wallet which is more user-friendly but generally less secure. Once you've chosen your wallet and it's set up, make sure to safely store the private keys - without them, you wouldn't be able to access your WhiteBIT Coins.

Purchasing WhiteBIT Coin

With your wallet in place, you can proceed to purchase WhiteBIT Coin. Typically, this will involve the following steps:

  1. Register for an account on a cryptocurrency exchange that sells WhiteBIT Coin. Some popular exchanges are Binance and Kraken.
  2. Complete the registration and comply with any identification verification procedures.
  3. Once your account is set up and verified, go to the market section and select WhiteBIT Coin.
  4. Enter how much you'd like to buy. You can specify the amount in either WhiteBIT Coin or your local currency.
  5. Confirm the details of the transaction and finalise the purchase.

Storing Your WhiteBIT Coin

Remember to transfer your newly acquired WhiteBIT Coin from the exchange to your digital wallet. This is done for security reasons, as holding your cryptocurrency on an exchange leaves it vulnerable to hacking.

Security Measures

When storing WhiteBIT Coin, it's essential to remember that, as with any other cryptocurrency, security is paramount. Always protect your digital wallet with a strong, unique password and consider enabling two-factor authentication for added security.

Ensure your computer and any device with your digital wallet installed is protected against malware. Do not share your wallet's private keys with anyone, and make sure to keep a secure backup in case something goes wrong.

Future prospects for WhiteBIT Coin

As we delve into the potential future of WhiteBIT Coin, a digital asset in the crypto-marketplace, we need to consider the effects that changing technology, market acceptance, and regulatory challenges might have on its evolution.

The Impact of Technological Advancements

Just as the invention of blockchain technology paved the way for cryptocurrencies such as WhiteBIT Coin, future technological leaps may radically shape its destiny. Faster and more efficient blockchain models could further enhance the speed, security, and usability of WhiteBIT Coin. This, in turn, might make it a robust and attractive option for users seeking the advantages of cryptocurrencies combined with enhanced technology.

Market Acceptance of WhiteBIT Coin

For WhiteBIT Coin to thrive in the future, it needs to gain acceptance within the crypto-marketplace. This hinges on both user trust and awareness. Crypto-enthusiasts must understand the unique offering of WhiteBIT Coin and see its benefits over other cryptocurrencies. Likewise, businesses could adopt WhiteBIT Coin for transactions, if they see an advantage in using it. Widespread acceptance would propel the value and growth of this digital asset.

Navigating Regulatory Challenges

Regulatory challenges pose a significant hurdle to many cryptocurrencies, including WhiteBIT Coin. Regulators are grappling with how to manage this new form of digital asset, leading to uncertainty and volatility in the crypto-market. If WhiteBIT Coin can navigate regulatory challenges successfully and adapt to new laws and regulations, it could secure a solid footing in the cryptocurrency landscape. This would involve working closely with regulators and being prepared to adopt necessary changes to meet regulatory requirements.

Adapting to Changing Cryptocurrency Dynamics

Just like any financial marketplace, the crypto-market is dynamic and ever-evolving. Today's popular coins might not be favoured tomorrow. WhiteBIT Coin's future could depend to a large extent on its features and its ability to adapt to changing market dynamics, consumer behaviour, and the emergence of new coins. The fate of WhiteBIT Coin, as it is for any cryptocurrency, hinges on various factors that are both within and beyond its control.

WhiteBIT Coin vs Other Cryptocurrencies

Understanding the distinct attributes of WhiteBIT Coin, and how it differs from other prominent cryptocurrencies, can not only highlight its unique position in the market but also its potential for growth and advancements.

1. Unique Technological Infrastructure

Unline traditional cryptocurrencies, WhiteBIT Coin is built on a unique and innovative technology base. Similar to Bitcoin, ethereum, and other coins, WhiteBIT Coin relies on blockchain technology for security and transparency. However, it utilizes a more advanced and sophisticated infrastructure that makes transactions faster, safer, and more reliable. For instance, it leverages progressive technology such as off-chain and Layer 2 solutions, enabling a higher speed of transactions than other cryptocurrencies.

2. Varied Usage and Utility

While many known cryptocurrencies like Bitcoin serve primarily as a digital currency, others like Ethereum are utilized for a broad range of applications beyond just a medium of exchange. WhiteBIT Coin bridges the gap between these two extremes. It is designed to function as a standard form of digital currency and also as a rewarding tool within the WhiteBIT trading ecosystem. This dual functionality significantly sets it apart from other known cryptocurrencies.

3. Decentralized Nature of WhiteBIT Coin

The essence of cryptocurrency always lies in its decentralization, which prevents any single entity from controlling the network. WhiteBIT Coin stays true to this core principle. Bitcoin, for instance, is mined, meaning the release of new coins is control by a process. However, the issuing of WhiteBIT Coin depends on the overall performance of the WhiteBIT exchange platform, a unique approach in the cryptocurrency realm, which gives users a direct participation in the success of the platform.

4. Other Significant Areas

Unlike many other currencies, WhiteBIT Coin has embedded a range of user-friendly features. For example, it offers extended customer support to its users, enabling them to resolve issues swiftly. This emphasis on user experience is an aspect less focused on in many other cryptocurrencies. Also, WhiteBIT Coin puts a lot of emphasis on security and has incorporated advanced security measures to prevent hacking and other malicious activities. The dedication towards customer experience and security sets it apart.

Overall, between its unique technological backbone, usage variety, decentralized nature, and user-centric approach, WhiteBIT Coin is a promising addition to the realm of cryptocurrency.