WhiteBIT review: score, licensing and risks
73/100SCORE · BMixed record
Grade B, very good
WhiteBIT is a large European exchange with no security incident on record, publishing proof of reserves and pricing competitively. Its EEA licensing position is the main thing to confirm before depositing.
The facts
- FOUNDED
- 2018
- HEADQUARTERS
- Lithuania
- CUSTODY
- Custodial.
- MiCA / EEA
- Pursuing EEA authorisation. Confirm your country.
- US ACCESS
- No.
- PROOF OF RESERVES
- Publishes proof of reserves.
- FEES
- Around 0.10 percent.
- ASSETS
- 400 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Large European venue with no incident on record
- Publishes proof of reserves
- Cheap
- Strong EUR and UAH rails
✗ Weaknesses
- EEA licensing position unclear
- No US access
- Less independent scrutiny than the majors
Incident history
No major security breach or regulatory action on record.
Our read
Clean record and a decent product. The regulatory position is the open question rather than anything on the security side.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.