Articles Cryptocurrencies Reviews ATAIX, ATAIX, Binance, Bitexbook, CDLCOnline24, CDLCOnline24, CREX24, CREX24, Cryptocurrency Exchanges, Exrates, Huobi, Huobi, STEK, WhiteBit CRAZY MINING ORG 3 years ago
Exchanges overview: The best cryptocurrency exchanges (Part 1)
The best cryptocurrency exchanges
In this article, we will review the best exchanges for storing, selling and buying cryptocurrencies in. Consider their pros and cons.
Also read our last article about the best mining pools:
https://crazy-mining.org/majning-2/top-pulov-luchshie-puly-dlya-majninga-2019-goda/
Crypto exchanges reviewed:
- Bitexbook;
- Exrates;
- STEX;
- Binance;
- CDLCOnline24;
- ATAIX;
- Huobi;
- CREX24;
- WhiteBit;
Established: 07/20/2017
Deposit: Rubles, Dollars, USDT, Cryptocurrencies
Conclusion: Rubles, Dollars, Cryptocurrencies
Commission: 0.25%
Country: Saint Vincent and the Grenadines
Verification: Not required
Interface: English, Russian
Minuses:
- Lack of a demo account;
- A small number of cryptocurrency pairs
Pros:
- Minimum commissions (0% for market makers); Excellent security system;
- There is a Fiat entry (Rubles and Dollars);
- Ability to take profit (RUB, USD, USDT);
- Setting up a trading terminal;
- Three types of operations with assets: bidding, exchange, codes; Strong referral program;
- Bitex codes;
- 24/7 support;
- Stocks
The Bitexbook exchange was founded in 2017, and has been working fine ever since. It has already registered 49,612 users, most of which are actively trading every day.
Recently, more and more investors and traders began to switch to this exchange – why is this happening? The answer lies in the reliability of this trading platform. Experienced traders always choose only a reliable exchange platform, because for them, money is a tool for generating income.
Benefits
One of the main advantages of the exchange is its security. In addition to the fact that cryptocurrencies are stored securely on exchange wallets, the platform itself offers many degrees of protection:
- 2-fa (Google Authenticator)
- SMS alert
- IP Verification
The exchange also holds periodically promotions to stimulate trading on the site. For example, “transaction fee for market makers 0%” or the “doubled income for partners!” Promotion.
The next strength of the exchange is online 24/7 user support.
Recognition of the crypto community: the trading platform is listed
BITEXCODE – is an internal system for transferring funds within the BITEXBOOK exchange without charging a commission.
Enter Fiat – the exchange allows you to deposit / withdraw and trade for Fiat (USD, RUB)
Low commissions. Please note that the Maker commission is 0% and the Taker commission is 0.25%.
Uniqueness
Competition between exchanges is growing every day, so every trading platform tries to please its users as much as possible. To do this, the Bitexbook has come up with many great ideas that motivate investors and traders to trade here.
Let’s start with a feature like Bitex codes. BITEXCODE is an internal payment system of the BITEXBOOK exchange that allows you to send funds to other users of the exchange without a commission, as well as transfer them to other electronic payment systems through exchange points.
Exchangers accepting BITEX-code:
Название | Дата создания | Фиат | Платежные сервисы |
---|---|---|---|
LEOexchanger | 2017,00 | USD, RUB | Yandex.Money, AdvaCash, PerfectMoney, Payeer |
WestChange | 2013,00 | USD | Yandex.Money, Qiwi, Privat24, AdvaCash, PerfectMoney, Payeer |
Also, the uniqueness of the Bitexbook exchange is that it holds various promotions and competitions for its users.
Conclusions
The Bitexbook marketplace builds its trusting relationships with customers thanks to: security, professionalism, excellent 24/7 support. Despite all this, the platform has minor disadvantages.
Minuses
- Lack of a demo account. Please note that the demo account cannot convey the real picture of trading. Because trading is emotions: fear, greed, panic, etc. which does not happen on a demo account.
- A small number of cryptocurrency pairs
Pros
- There is a Fiat entry (Rubles and Dollars)
- Ability to take profit (there are RUB, USD, USDT)
- You can configure the trading interface
- Three types of operations with assets: bidding, exchange, codes
- Strong referral program
- Interest-free sending between user accounts thanks to Bitex codes
- 24/7 Support
- Minimum commissions
- Stocks
- Excellent security system
Bitexbook cryptocurrency exchange is a simple and easy-to-use platform not only for beginners and crypto enthusiasts, but also for professional traders. It has an advanced trading interface with various advantages that are intuitive to everyone.
Also, for beginners of the cryptosphere, the exchange offers a convenient, easy way to purchase cryptocurrency through the “exchange” system.
Bitexbook must be among the list of exchanges on which you trade, as it is a good platform with excellent protection and a convenient interface.
Established: 01/13/2016
Deposit: Rubles, Dollars, Euros, Hryvnias, USDT, Cryptocurrencies
Conclusion: Rubles, Dollars, Euros, Hryvnias, USDT, Cryptocurrencies
Exchange: Payeer, Perfect Money, Privat24, Qiwi, Advcash, Yandex.Money
Commission: 0.2%
Country: Estonia
Verification: Not required
Interface: English, Russian, Chinese
Minuses:
- No demo account;
- No margin trading
Pros:
- Russian language support;
- Simple interface
- It is possible to select an order;
- Support for input and bidding with Fiat;
- The ability to customize widgets on the bidding page;
- Good customer support
- Security
Exchange Features
Exrates Marketplace is an actively developing exchange for cryptocurrency and fiat trading.
The goal of Exrates is to make trading available to everyone and provide all the necessary tools for this.
Benefits:
- Russian language support
- The ability to trade in fiat (US dollars, euros)
- Minimum commission for depositing and withdrawing funds
- Improved Asset Security
Exrates trading platform is in the TOP 50 of the largest exchanges in terms of cryptocurrency trading volume.
Pros
- Russian language support
- Simple interface
- It is possible to select an order
- Support for input and bidding with Fiat
- The ability to customize widgets on the bidding page
- Good customer support
- Security
Minuses
- For withdrawal and bidding with Fiat, verification is needed
- No demo account
- No margin trading
We recommend using this exchange for trading, plus if you need a coin that is traded only on this exchange, then Exrates can definitely be trusted with your assets. But recall that we do not recommend holding assets on any exchange all the time, it is better to withdraw coins to cold wallets immediately after the transaction.
Established: 01/24/2016
Deposit: Rubles, Dollars, Euros, USDT, Cryptocurrencies
Conclusion: Rubles, Dollars, Euros, USDT, Cryptocurrencies
Commission: 0.2%
Verification: Mandatory
Interface: English, Russian
Minuses:
- There is no recent exchange news on the main page;
- There is no way to switch to a bright topic.
Pros:
- Simple interface
- There are 2fa;
- Support for more than 130 cryptocurrencies and tokens that are actively traded;
- Fiat support (only after verification)
STEX (formerly Stocks.Exchange) is one of the easiest-to-use trading platforms worldwide. It offers the same functionality as all cryptocurrency exchanges, plus entering fiat after passing the verification process.
Benefits
- Large volume and real trading
- Simple registration on the site
- Ease of deposit process
- Withdraw funds – coins can be withdrawn ONLY by the account holder
- Withdraw funds – coins can be withdrawn ONLY by the account holder
- Withdraw funds – coins can be withdrawn ONLY by the account holder
- Twitter and Telegram channels
- The possibility of reducing the commission after passing verification
Output
At STEX, trading is stable, trading volume is not bad. There are many cryptocurrencies and tokens.
This trading platform has many advantages, since it has many rare cryptocurrencies that are actively traded on it. The bidding system itself is intuitive for everyone, even a beginner. A big plus is the support of the Russian language, which makes the platform even more accessible for the Russian-speaking population.
There is also input / output and bidding for Fiat: EUR, USD, RUB.
Established: 04/01/2017
Deposit: Dollars, USDT, Cryptocurrencies
Conclusion: USDT, Cryptocurrencies
Commission: 0.1%
Verification: Not required
Interface: English, Russian, Chinese, German, Spanish
Minuses:
- There is no way to enter fiat
Pros:
- Low fees;
- Speed of transaction processing;
- A large number of trades per day;
- Reliability;
- A large number of trading pairs;
- Having your own BNB coin;
- Russian language support
Today, Binance is in the TOP of the most popular exchanges, and in terms of the number of trades and registered users it is increasingly taking the first place in the rating.
Bytwork.com team has prepared for you a detailed review of the exchange: registration procedure, bidding, currency input and output, and much more.
Benefits
Binance is one of the largest cryptocurrency exchanges in the world. It offers users a large selection of cryptocurrency pairs, an excellent security system, as well as the speed of transactions.
The exchange was established in 2017. Despite its youth, it is extremely popular: trading is carried out for several billion dollars daily.
Trading platform creator
The creator of Binance is Zhao Changpeng, an entrepreneur of Chinese descent. Prior to creating his own exchange, he worked for OKCoin, another Chinese cryptocurrency exchange, and Bloomberg.
Zhao Changpeng is trying to protect the exchange from the traditional financial system with its inherent norms and requirements – that is why you cannot enter fiat on the exchange: the exchange occurs only between tokens and cryptocurrencies. Moreover, for the introduction of a new coin on the exchange, you need to submit documents confirming that it is not a security. Despite this, the creator of Binance seeks to establish relations with the authorities of different countries.
Zhao’s biography is closely connected with the world of cryptocurrencies: in college he was engaged in the development of trading platforms, and with the advent of the first cryptocurrency – Bitcoin – he immediately believed in it. The future entrepreneur was so excited about the ideas of cryptocurrency that in 2014, being confident in the prospects of the industry, he sold his apartment in Hong Kong and invested the proceeds (1.1 million dollars) in bitcoin.
In 2017, Zhao Changpeng conducted the ISO of his project, the Binance cryptocurrency exchange. This made it possible in a short time (only 11 days) to collect the necessary amount for the implementation of the project – $ 15 million. From the first days, the exchange began to rapidly gain popularity.
Features
Included in the TOP 10 in terms of cryptocurrency trading volume
Binance is one of the fastest exchanges on the market: a certified compliance mechanism is able to process 1,400,000 orders per second
Maintain close relationships with investors. Many well-known companies invest in the project.
Only proven products go to the exchange: Binance prefers fully working products that have been tested on the market.
More than 300 cryptocurrencies are traded on the exchange. There are also those which are presented at Binance for the first time and are traded only here.
Low trading fees compared to competitors – only 0.1%
Proven security: Binance has never been hacked in its entire history.
Dedicated professional team: Binance creator Zhao Changpeng says in numerous interviews that he is “all 200% in the crypto industry” and is not interested in anything else. Perhaps this is one of the reasons for the quick success of the project.
Russian language support, which simplifies the work of traders from Russia and the CIS
Conclusion and recommendations
Binance trading platform copes with a large number of users (the exchange set a record for the number of new users – 250 thousand people in 1 hour) and a large volume of transactions.
Pros
- Low fees
- Transaction Processing Speed
- A large number of trades per day
- Reliability
- A large number of trading pairs
- Having your own BNB coin
- Russian language support
Minuses
- There is no way to enter fiat
Reliable account protection allows you to safely enter large amounts onto the exchange. In addition, Binance has never been attacked by hackers, which is a big plus.
A team of professionals constantly supports the site in operable condition. All new Binance offices open around the world. However, the creator of one of the largest trading platforms seeks to keep secret the location of the servers and places of work of employees (even asks not to upload photos to social networks from workstations).
Binance checks all coins before including them in the list of cryptocurrencies traded on the exchange. This suggests that there can be no scam coins.
The only drawback of the exchange is the inability to work with fiat, but as practice shows, it is not necessary: there are always exchangers and exchanges with the ability to enter fiat (but there are many times more commissions) where you can exchange the purchased crypto for rubles or dollars.
We recommend and use the Binance exchange ourselves. It is also suitable for beginners: the interface is intuitive, and trading is easy.
However, do not forget that any exchange has an unpleasant property: periodically close the registration or service wallets.
CDLCOnline24
![биржи криптовалют CDLCOnline24](http://teletype.in/files/0a/0a81bf47-f8d3-46bb-936d-78cacfd81e2d.png)
Site:
Established: 12/13/2018
Deposit: Dollars, Euros, Cryptocurrencies
Conclusion: Dollars, Euros, Cryptocurrencies
Exchange: Apple Pay, MasterCard, Perfect Money, Skrill, Western Union, Visa, Qiwi, Advcash, Yandex.Money
Commission: 0%
Verification: Mandatory
Interface: English, Russian
Minuses:
- lack of a demo account;
- a small number of trading pairs
Pros:
- many types of accounts;
- the ability to trade for fiat funds;
- training center;
- auto trading;
- beautiful and convenient trading platform;
- good reputation;
- quick withdrawal of funds
CDLCOnline24 Exchange is the founder of the model Intellectual trade, the basis of which is the use of modern trading methods to increase capital. The company aims to make its customers successful.
In this review, we will consider the advantages and disadvantages of this trading platform, as well as talk about its features.
Together with CDLCOnline24 you can learn modern trading strategies with high earnings indicators, follow the news from the world of cryptocurrencies, receive information and trading tips. A nice addition will be the presence of different types of accounts, which are paired with pleasant bonuses and a referral program. And if you have any questions or misunderstandings, you can always contact online support. She works around the clock.
Brief history and investor interest
The cryptocurrency exchange CDLCOnline24 was founded in 2012. The goal of the company was to automate the bidding process as much as possible.
That is why the developers of CDLCOnline24 in 24/7 format are working on improving the intelligent trading system, using world-wide achievements in the field of artificial intelligence and the best knowledge in the field of investing and preserving capital.
Today, CDLCOnline24 offers not only the purchase and sale of cryptocurrencies, but also PAMM accounts and PAMM portfolios.
![advantage](http://bytwork.com/sites/default/files/styles/content_574/public/inline/images/advantage.png?itok=85z_GTyY)
Benefits
- Simple registration
In addition to registering on the site using e-mail, you can register on the site using the mobile application.
- An experience
The platform offers PAMM accounts and PAMM portfolios. These are services that allow investors to earn income without trading independently on the stock exchange. First, you simply invest your funds in the accounts or portfolios that interest you (several accounts combined into one portfolio). Then, an experienced manager makes deals to get profit. He gets his share of the income and makes money for you.
- Cryptocurrency Arbitration
Arbitration – is a way of earning on the difference in the value of the same asset at different sites or on the same site during a course change. The specifics of the cryptocurrency market provoke the constant presence of cryptocurrency price differences at different sites. Accordingly, you have the opportunity to make money on this difference with minimal risk.
- Training
CDLCOnline24 offers beginner training. This is not only an extended FAQ section, but also a separate page where all relevant information on the topic of cryptocurrencies and trading is collected. The emphasis is on the basic concepts in trading, as well as on the technology itself. In addition to the text format, the platform has its own YouTube channel, which contains training video lessons and other useful information.
- High security
All your digital asset deposits or trading on CDLCOnline24 will be securely stored in a cold wallet. This ensures high security of the cryptocurrency and the absence of an account hack.
A software package created for working with financial institutions is also used. In addition, part of the funds are in the largest world banks.
Conclusions
Cryptocurrency exchange CDLCOnline24 is a reliable and modern financial partner. If you are looking for a way to earn money that will bring a stable and regular income, then the CDLCOnline24 service will be a good option.
The presence of responsive technical support and A practical training center will allow even beginners to earn on the sale of cryptocurrencies. We recommend using the services of the CDLCOnline24 exchange, as this is one of the few reliable sites of our time.
Consider the advantages and disadvantages of the exchange CDLCOnline24.
Minuses
- lack of a demo account;
- a small number of trading pairs.
Pros
- a wide variety of types of accounts;
- the ability to trade for fiat funds;
- training center;
- auto trading;
- beautiful and convenient trading platform;
- good reputation online
- quick withdrawal of funds.
ATAIX
![ATAIX exchange](http://ataix.com/assets/img/opengraph.jpg)
Site:
Established: 06/23/2018
Deposit: Euro, Cryptocurrencies
Conclusion: Euro, Cryptocurrencies
Commission: 0.5%
Country: Estonia
Verification: Not required
Interface: English, Russian
Minuses:
- No margin trading and index trading.
- However, these are high-risk types of trading, because with leverage you can both earn and lose a large number of assets;
- There is no demo account, but the demo account does not reflect the real picture of trading.
Pros:
- Licensed marketplace;
- There is a Fiat entry (so far only Euro);
- The ability to take profits (there is Fiat);
- Flexible configuration of the trading interface;
- Low fees;
- Excellent security system
ATAIX – is a digital asset exchange platform created by a large team of professionals. The main goal of the project is to build a crypto society, providing a safe and easy-to-use trading platform.
During the review, you will learn how to use this trading platform not only for making money, but also for hedging risks, because the ecosystem offers interesting tools for this.
Brief history and investor interest
The ATAIX exchange opened on March 22, 2018 and is already feeling quite confident in the crypto industry: in September 2019, the platform “announced that it will be the first to sell the Gram [GRM] internal currency from the Telegram Open Network (TON)”
Why did investors, traders and miners start switching to this exchange? The answer lies in reliability. Experienced traders choose only reliable and safe exchanges, because for them money is a tool for generating income, and the ATAIX exchange can offer them this!
Benefits
High security – all assets are stored on the exchange’s internal secure wallets. The experts of the exchange 24/7 monitor security and instantly block hackers. There are two-factor authentication and IP whitelisting.
Intuitive interface – a widely customizable trading terminal is suitable for both a novice and an experienced trader. The interface will be clear even to those who are not engaged in trading! On the platform, the user’s eyes do not “run up”: everything in its place, conveniently and simply.
Trades without registration – Simple exchange of cryptocurrency in one click (without registration)
Round-the-clock support – allows you to solve any of your issues within 24 hours. Solving problems is easy, because support works in English, Japanese, and Russian. More languages will be added in the near future.
Continuous work with the API – If you have a trading robot, or you plan to use it, i.e. do not trade manually, but through a robot, then you can use the API functions that the exchange provides, because it is very convenient.
Low commissions – The exchange provides one of the smallest commissions in the industry – 0.5% for TAKER, and 0% for MAKER.
Uniqueness
Competition among exchanges is constantly growing. One of the main advantages of the exchange is its security. In addition to the fact that cryptocurrencies are stored securely on exchange wallets, the platform itself offers many degrees of protection:
- 2FA (Google Authenticator)
- IP whitelist
- Ability to write a complex, large password
The exchange also offers a free listing! The founders of the ATAIX trading platform occasionally choose a coin to flip it on their trading platform, providing the community with the right to choose it by voting (a voting list is made from the coins proposed for listing):
ATAIX conducts IEO, choosing for you only reliable and proven projects
The exchange supports fiat funds, although for now only EUR, but in the near future the entry of Rubles will be available.
License
The ATAIX exchange is one of the few who decided to work fully openly and transparently.
This means that the platform is officially registered in Estonia, one of the cryptocurrency-friendly countries. ATAIX has an Estonian license for exchanging cryptocurrencies for fiat funds and hot wallets.
License Numbers: FVR000231 and FRK000194
Now, unlike most competitors in this industry, the site has a license to conduct financial activities and has a transparent policy, increasing the financial security of customers.
In turn, this speaks of the security of the project, since information about the owners is in the public domain, which means that they are ready for a long and reliable cooperation!
Conclusions
Minuses
- There are no margin trading and index trading on the platform. However, these are high-risk types of trading, because with leverage you can both earn and lose a large number of assets.
- ATAIX does not have a demo account. But the demo account does not reflect the real picture of the trade.
Pros
- Licensed Marketplace
- There is a Fiat entry (so far only Euro)
- The ability to take profits (there is Fiat)
- You can configure the trading interface
- Low fees
- Excellent security system
ATAIX cryptocurrency exchange is a simple, easy-to-use platform not only for beginners and crypto enthusiasts, but also for professional traders. It has an advanced trading interface with various advantages that are intuitive to everyone. Plus, the exchange allows you to buy cryptocurrency without registering.
This platform must be in your arsenal because the exchange has an official license that opens the door to transparent and secure trading of crypto assets. That is, the company is officially registered, which means it is not interested in trying to profit and scam, as some dubious trading floors did.
It is very difficult to learn how to trade by reading books, manuals, tips, because trading is a craft. And in any craft, you can become a master only by constantly practicing. Therefore, register and try to trade on ATAIX
The cryptocurrency market is still young, which is why there are so many people on it who believe that regulators will not close exchanges. ATAIX, as we have already said, is officially registered, therefore, the regulatory issue for this platform has been resolved, which means you don’t need to be afraid for your money!
The Crazy-Mining.org team recommends the
Huobi Group
![Huobi to Launch Crypto Exchange Dedicated to EOS - Coinjournal](http://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fcoinjournal.net%2Fwp-content%2Fuploads%2F2018%2F12%2FHuobi-illustration.jpg&f=1&nofb=1)
Site:
Established: 03/19/2017
Deposit: USDT, Cryptocurrencies
Conclusion: USDT, Cryptocurrencies
Commission: 0.2%
Country: China
Verification: Not required
Interface: English, Russian, Chinese, German, Spanish
Minuses:
- Credit card transactions are expensive.
Pros:
- Russian language support;
- The ability to trade in fiat (true only for EUR and USD)
- Blockchain and cryptocurrency valuation system (Huobi index);
- Large trading volume;
- Intuitive interface;
- 24/7 customer support;
- Active role of the community: any member of the community can vote for a new token to be entered on the exchange for trading;
- Optional verification;
- There is an opportunity to conduct margin trading;
- There are mobile and desktop applications on the PC;
- Good security system
Huobi Group is one of the world’s leading cryptocurrency trading platforms. The history of the company began in 2013, when the constituent team foresaw the huge potential of the blockchain industry: they were confident that this technology would change the global financial system.
The mission of Huobi is to make the financial industry more efficient and provide everyone with the opportunity to trade in new digital assets, that is, to make cryptocurrency more accessible.
The Huobi team provides world-class safe, professional and reliable services to its customers around the world. Huobi Group has offices in Singapore (headquarters), USA, Japan, Korea, Hong Kong and is distributed in more than 130 countries around the world.
Huobi Global, reporting to the Huobi Group, is the world’s leading digital asset. Huobi Global is dedicated to exploring investment opportunities. The project currently provides a trading and investment service for more than 100 digital assets. Huobi Group Values:
- Integrity
- Innovation
- Cooperation
Benefits
- World class security system
- Local working groups around the world
- 24/7 customer support
- The first independent cryptocurrency valuation system
- Investor Protection Fund Development
- Multilingualism
- Active Community Role
Huobi is not just an exchange, it is a whole ecosystem that provides many opportunities for both traders and developers. The company has several large projects that allow you to promote your ideas and develop the crypto industry.
Huobi gives you the opportunity to trade with margin leverage (loan) and conduct trading with fiat (so far several currencies). A plus is the asset valuation system, which allows you to add only verified cryptocurrencies and tokens to the exchange. Moreover, the community can vote for their favorite currency.
Although the exchange participates in the Know Your Customer program, verification is not necessary – only if you want to complete transactions and withdraw funds by more than 100 BTC per day.
The downside will be the low performance of the site, since it has the property of freezing for a while.
CREX24
![Crex24 Exchange Review | 2019 Guide - The Bitcoin News](http://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fthebitcoinnews.com%2Fwp-content%2Fuploads%2F2019%2F05%2FCrex24-review-1.png&f=1&nofb=1)
Site:
Established: 06/06/2017
Deposit: Rubles, Dollars, Euros, USDT, Cryptocurrencies
Conclusion: Rubles, Dollars, Euros, USDT, Cryptocurrencies
Exchange: Epay, MasterCard, Perfect Money, Visa, Qiwi, Yandex.Money
Commission: 0.1%
Country: Estonia
Verification: Not required
Interface: English, Russian, Chinese, German, Spanish
Minuses:
- Site freezes
- Conflicting commissions and verification information
Pros:
- The ability to trade in fiat;
- Simple interface
- Low fees;
- Security (availability 2fa);
- Russian language support
Trading commission (depends on the user’s trading volume for 30 days): it is paid only by the Markettaker (who executes the order)
Benefits
Crex24 – is a young Estonian cryptocurrency exchange that appeared in 2017. The selection of tokens and cryptocurrencies on the site is quite small – about 100 coins.
A distinctive feature of the exchange is that it is possible to make transactions with fiat money on it, as well as deposit and withdraw them – now you can exchange cryptocurrency directly on the exchange and withdraw it in fiat money to a bank card.
The advantage of Crex24 will also be that the platform supports the Russian language, and even the customer support service answers in Russian.
Features:
- Fiat trade
- Russian language support
- Low bidding commissions (0.1-0.06%)
- Rebate – reward for market makers (creating a trade order)
Crex24 trading platform was created in Estonia and is largely oriented towards users from this country and neighboring countries, including Russia (it is not for nothing that the site supports the Russian language, and the support answers in English and Russian).
A big plus of the site is that it accepts fiat for commissioning and the fees are quite small – in any case, less than in exchangers.
However, there are a lot of contradictions. Firstly, it is not clear what happens with the verification: it is written in your account that it is not required, and when you enter the assets they write that you need to provide passport data (but again, they do not offer a form to fill in the data or to send a photo or scan document).
Secondly, the incomprehensible situation with commissions: in the section where the information on commissions is presented it is said that there are no commissions for depositing and withdrawing funds (only the minimum and maximum amounts are regulated). But when you want to deposit or withdraw assets, the amount of the commission is indicated in the form (for example, for commissioning rubles a little more than 10% is quite a lot).
Thirdly, the time of crediting / withdrawing funds is unclear. Judging by the information on the site, these actions can take several days, but can occur instantly. What it depends on is incomprehensible.
In general, the exchange attracts traders with support for fiat and a simple interface, but there are issues to the platform that need to be addressed or at least clarified.
WhiteBit
![DEXERGI Listed – News Whitebit](http://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fnews.whitebit.com%2Fwp-content%2Fuploads%2F2019%2F10%2F1200x628-15-1180x628.png&f=1&nofb=1)
Site:
Deposit: Dollars, Hryvnia, USDT, Cryptocurrencies
Output: Dollars, Hryvnia, USDT, Cryptocurrencies
Commission: 0.1%
Country: Estonia
Verification: Required
Interface: English, Russian, Chinese, Estonian
Minuses:
- No demo account;
- No margin and index trading
Plus:
- Licensed marketplace;
- There are three types of operations with assets: bidding, exchange, codes;
- Good referral program;
- Opportunity to earn on your investments – S.M.A.R.T .;
- Excellent security system;
- 24/7 support in 7 languages;
- Low fees;
- The ability to take profits (there is USD)
Today we will tell you why recently in the light of the prevailing cryptocurrency market situation, many traders are switching to the WhiteBit platform, we will reveal the advantages and disadvantages of this platform, and also we will see if this trading platform is safe.
WhiteBit is a digital asset exchange platform created by a team of professionals. Their main goal is to build a crypto society by providing a safe and easy-to-use trading platform.
During the review, you will learn how to use this platform not only for making money, but also for hedging risks, because the ecosystem offers interesting tools for this.
Brief history and investor interest
The WhiteBit exchange platform opened in 2018 and already feels quite confident in the crypto industry: in April of this year, thanks to the interest of traders, the platform processed the first 500 thousand transactions.
Why did investors and traders start switching to this exchange? The answer lies in reliability. Experienced traders choose a reliable exchange platform because for them, money is a tool for generating income.
Преимущества
High security – 96% of all assets are stored in cold wallets. Firewall technology (smart screen) instantly detects and blocks hackers. There are two-factor authentication, IP determination, as well as biometric verification and anti-phishing code.
Flexible interface – a widely customizable trading terminal is suitable for both beginners and experienced traders. It allows you to change the dark and light theme, as well as the ability to configure various chart indicators that are suitable for you personally and allow you to enjoy the trading process.
High performance – thanks to the SPA approach and technological infrastructure, the site operates at the highest speed – up to 10,000 orders per second and 1,000,000 TCP connections.
24-hour support seeks to resolve any issue within 24 hours. Solving problems is easy, because support works in Russian, English, Chinese (Mandarin), Indonesian, Spanish, German and Korean.
Recognition of the crypto community – the trading platform is listed in the
Continuous work with the API – If you have a trading robot, or you plan to use it, i.e. do not trade manually, but through a robot, then you can use the API functions that the exchange provides, because it is very convenient.
Low commissions – The Exchange guarantees a commission for trading in the amount of 0.1% of the amount upon successful conclusion of the transaction. And the deposit is free for all coins. Withdrawing USD to Advcash with 0% commission!
Uniqueness
Competition among exchanges is constantly growing. Someone looks at trading volumes, someone at the number of trading pairs or margin trading opportunities. And experienced traders who know how difficult it is for crypto-exchanges to get in touch with regulators are looking for reliable sites that operate within the framework of the law.
License
The WhiteBit exchange is one of the few that decided to work openly and transparently.
That is why the platform is registered in
Now, unlike many competitors, they have a license to conduct financial activities and pursue a transparent policy, increasing the financial security of customers.
S.M.A.R.T.
Now let’s turn to the unique features of the trading platform, to which WhiteBit gives access to its verified users. These are S.M.A.R.T., Whitebit codes and a referral program. Let us dwell on each in more detail.
According to information from the
![whitebit смарт](http://bytwork.com/sites/default/files/styles/content_574/public/inline/images/whitebit_smart.png?itok=xxurtCfv)
That is, the Smart Invest Box program allows you to earn on investment. Now there is no information on how exactly this function will work, but it should appear very soon.
But Whitebit codes have long been implemented and successfully work. What it is? Codes are a means for transferring funds between accounts on the exchange, and commissions for these operations are not debited. Another feature of the codes is the ability to cancel them, that is, to return a transaction, which cannot be done with a normal cryptocurrency transaction.
One of the strengths of the user platform is the referral program. By inviting friends to register for Whitebit using your unique link, you can earn up to 40% of the amount of their transaction fee.
In summary, the uniqueness of the exchange is as follows:
Whitebit codes – the ability to send assets between platform accounts without interest;
Strong referral program – 40%
Listing – The Exchange is one of the first to leaf through both popular and new interesting coins, such as BTC, ETH, SelfKey, Lukki, Bitcoin Rhodium, Qubitica and others;
2 European licenses (Exchange License and Custody License);
Smart Invest Box – an opportunity to earn money on your deposits.
Everything looks promising and reliable. Let’s check if this is the case and go to the official website:
The platform is built on three pillars: professionalism, friendly support and security. However, she has, albeit insignificant, but for some it will be disadvantages.
Minuses
- There are no margin trading and index trading on the platform. However, these are high-risk types of trading, because with leverage you can both earn and lose a large number of assets.
- WhiteBit does not have a demo account. But the demo account does not reflect the real picture of the trade. Because trading is emotions: fear, greed, panic, etc. which does not happen on a demo account.
- There is no choice of trading orders.
Pros
- Licensed Marketplace
- There is a Fiat entry (so far only dollars)
- The ability to take profits (there is USD)
- You can configure the trading interface
- There are three types of operations with assets: bidding, exchange, codes
- Good referral program
- It is possible to send assets between accounts on the platform without interest – Whitebit codes
- It is possible to send assets between accounts on the platform without interest – Whitebit codes
- 24/7 support in 7 languages
- Low fees
- Excellent security system
WhiteBit Cryptocurrency Exchange is an easy-to-use platform not only for beginners and crypto enthusiasts, but also for professional traders. It has an advanced trading interface with various advantages that are intuitive to everyone.
This exchange must be in your arsenal because there is a license here that opens the door to the transparent trading of crypto assets. That is, the company is officially registered, which means it is not interested in trying to make money or scam, as some dubious trading platforms did.
Conclusion
We recommend registering on a large number of exchanges, not only because exchanges occasionally close registration, but because you can manipulate your portfolio of cryptocurrencies and diversify investments in various assets.
Remember that trading and profits come with experience. The sooner you begin to study, the faster you will get results with or without marginal leverage. Any tool can be used both for good and against oneself.
Most beginners think that trading success lies only in books, formulas and a single strategy. But this is not so, because otherwise trading bots would force people out of the market.
Learn to trade, because trading robots cannot see the psychological mood of the crowd: panic, anxiety, insecurity. And the market is mentality and emotions.
Do you have experience with these platforms? Share it in the comments!
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O’Brien’
The main platform EO.Trade is the official website of the exchange, but it is possible to configure additional platforms
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