WhiteBIT is a European cryptocurrency exchange founded in 2018 in Ukraine and now headquartered in Lithuania, operating as a VASP (Virtual Asset Service Provider) registered with Lithuania's FNTT. Serving over 3.5 million users globally, WhiteBIT offers 400+ cryptocurrencies, leveraged trading, staking, and crypto lending — positioning itself as a comprehensive mid-tier exchange bridging retail accessibility and professional trading features for European and global users.
About WhiteBIT
Founded in 2018 in Kyiv, Ukraine by Vladimir Nosov, WhiteBIT rapidly expanded its user base across Eastern and Central Europe before relocating its primary regulatory jurisdiction to Lithuania to access EU VASP licensing. The exchange differentiates itself through an extensive product range including spot trading, leveraged trading (up to 20x), staking, lending, and its native WBT (WhiteBIT Coin) token — offering fee discounts and additional platform benefits for holders.
Key Facts
| Item | Details |
|---|---|
| Founded | 2018 |
| HQ | Vilnius, Lithuania (originally Kyiv) |
| Regulation | Lithuania FNTT VASP registered |
| Users | 3.5 million+ |
| Listed Coins | 400+ |
| Fiat | EUR, USD and others |
| Spot Maker Fee | 0.1% |
| Leverage | Up to 20x |
| Native Token | WBT (WhiteBIT Coin) |
Key Features
400+ Listed Assets
WhiteBIT's 400+ coin selection covers Bitcoin, Ethereum, and an extensive range of altcoins including DeFi tokens, gaming assets, and emerging projects — providing European investors with one of the widest asset selections available on a EU-registered exchange.
Leveraged Trading (20x)
WhiteBIT offers leveraged margin trading up to 20x on major cryptocurrency pairs, providing active traders with professional-grade leverage within a European-registered platform.
WBT Token
WhiteBIT's native WBT token provides trading fee discounts, staking rewards, and access to exclusive platform features — similar to exchange token models used by Binance (BNB) and other major exchanges.
Fee Structure
| Service | Fee |
|---|---|
| Spot maker fee | 0.1% |
| Spot taker fee | 0.1% |
| EUR deposit (SEPA) | Free |
| Crypto withdrawal | Network fee |
Pros & Cons
Pros
- EU VASP registered (Lithuania)
- 400+ coins
- Competitive 0.1% fees
- Leverage trading (20x)
- Staking and lending products
- 3.5M+ users
Cons
- Ukrainian origins — some trust concerns
- VASP registration — less rigorous than FCA/MiCA
- Less established than Kraken or Bitstamp
- WBT token dependency for best rates
Summary
WhiteBIT is a competitive European crypto exchange offering 400+ coins, 20x leverage, and competitive 0.1% fees within an EU VASP-registered framework. For European traders seeking a wide asset selection and leveraged trading capabilities beyond what MiCA-heavy platforms like Bitstamp and Bitpanda offer, WhiteBIT provides a compelling mid-tier alternative. Investors prioritising maximum regulatory rigour should note that Lithuanian VASP registration provides less oversight than FCA authorisation or full MiCA compliance.