WhiteBIT review

What WhiteBIT is

WhiteBIT uses several companies. Its User Agreement names the company that runs all crypto trading. That company is Peak Horizon Corp. of Panama. That trading includes futures and margin. The agreement names no licence for that company. A separate EU company is WhiteBIT EU. It got a MiCA authorisation from the Austrian FMA on 18/06/2026.

The authorisation covers custody, exchange, placing and transfer. It does not cover derivatives. The whitebit.com About page says new EU and EEA sign-ups are on hold because of MiCA. See WhiteBIT's current volume on PerpFinder.

Fees in detail

WhiteBIT has the lowest base fees of any exchange in this comparison. WhiteBIT's official fee schedule shows a 0.01% maker fee. Phemex has the same fee, and the two are the lowest on this list. The taker fee is 0.055% at standard tier. It goes down through volume and WBT token tiers.

The real advantage comes from WBT token holdings. Holding WBT provides up to 100% discount on maker fees and up to 80% on taker fees. The discount depends on the balance in the main account. From the second WBT holding level onward, maker fees drop to 0.00%.

So limit-order traders on WhiteBIT can trade perpetuals at effectively zero maker cost. They need no minimum volume. No other exchange on this list offers this at all tiers.

Volume-based tiers add further reductions:

• Standard: 0.01% maker, 0.055% taker
• Level 2 (WBT holding): 0.00% maker, ~0.044% taker (with WBT discount)
• Level 6 ($15M 30d volume): 0.0005% maker, 0.0315% taker

Take a $10,000 BTC/USDT round-trip that opens and closes at market. The base taker cost is $11.00 versus Binance's $10.00. The taker round-trip then drops to about $8.80 with WBT holdings at a mid-tier balance level. That cost is below Binance's standard rate. At WBT holding level 2+, the cost of limit-order round-trips approaches $0.

Take $500,000 of daily limit-order volume. Against Binance's 0.02% maker fee, that difference saves roughly $1,000 per day. Test your scenario at the PerpFinder fee calculator. Then compare against Binance and Phemex at the cost comparison tool.

Security and proof of reserves

WhiteBIT publishes Merkle tree Proof of Reserves audited by Hacken. The November 2024 Hacken audit confirmed a total collateral ratio of 238%. BTC was at 507%, ETH at 269%, USDT at 108%, USDC at 205%, and SOL at 101%. The 507% BTC reserve ratio is the highest among all exchanges tracked on PerpFinder.

WhiteBIT holds more than 5x the BTC it owes users in cold storage. The PerpFinder team cross-checked these figures against the WhiteBIT PoR portal in May 2026.

WhiteBIT stores 96% of assets in cold wallets. The exchange gets ongoing security ratings from Hacken and CER.live. It holds an AAA-equivalent security score. No major breach has been disclosed since the founding in 2018.

WhiteBIT also has an insurance fund paid from transaction fees. It also has a cold-storage coverage plan of 30 million U.S. dollars (WhiteBIT safety article).

WhiteBIT has no FCA, CFTC, or US licenses. WhiteBIT does not serve residents of the US, the UK or Canada.

Leverage and pairs

WhiteBIT has over 150 perpetual futures pairs. Max leverage is 100x on the BTC perpetual, and the 100x bracket ends at 200,000. The list includes major assets and top-50 tokens. Open interest on mid-cap and small-cap altcoin perps is thin.

Spreads grow wider below the top 30 assets by market cap. On smaller pairs, positions above $50k notional have meaningful slippage.

Grid bots and DCA bots run natively. They automate trades in a range and slow buying over time. P2P fiat trading gives euro on-ramps directly on the platform. It needs no third-party processors. The token launchpad lists new project offerings. Margin trading is available alongside futures.

The WBT token has uses beyond fee discounts. WBT staking gives a share of exchange revenue. Users can lock WBT to get higher rates on earn products. Some traders want exchange-native yield while they trade. For them, the WBT structure is more developed than WhiteBIT's pair count suggests.

Who WhiteBIT is for

Limit-order traders who want a low fee structure: WhiteBIT's 0.01% base maker fee and the WBT-based 0% maker path suit them. EU and EEA residents cannot open new whitebit.com accounts. The EU platform is whitebit.eu. It has a MiCA authorisation that does not cover derivatives.

Traders who need wider altcoin pair selection, US access, options trading, or pro order book depth: WhiteBIT's 150+ pairs cover the core set for its target user. But the list is shorter than Gate.io, Bybit, or OKX. US residents cannot access the platform.

How it compares

In PerpFinder's daily snapshot on 2026-09-04, WhiteBIT's 24-hour perp volume was 19% of Binance's. That figure is one dated observation, not a trend. For positions under $75k notional on BTC and ETH, spreads are usable.

Some retail traders do not need Binance or Bybit-level depth for their position sizes. For them, the fee-to-liquidity ratio is good.

WhiteBIT's base $11.00 per $10k round-trip matches Bybit and Crypto.com's tier. It is $1 above Binance and OKX before WBT holdings apply. At mid-tier WBT holdings, the same round-trip drops to about $8.80, below all of them.

The November 2024 Hacken report showed a 238% reserve ratio. WhiteBIT futures run through a Panama company, not an EU entity. Visit PerpFinder deals for any current WhiteBIT referral bonuses.