What do you think about WhiteBit exchange?

[Nevsky]

What do you think about WhiteBit exchange?  please share your experience - is it  secure? I heard 96% of all assets are stored on cold wallets.

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[Drahzar]

What do you think about WhiteBit exchange?  please share your experience - is it  secure? I heard 96% of all assets are stored on cold wallets.

Yep, I heard about this exchange, not much information about them but all reviews talk they are promising

[Indiana1990]

why do think that cold wallets are about secure? I think that exchange should provide a lot of features to ensure clients safety, and this one is  not the key

[goinmerry]

What do you think about WhiteBit exchange?  please share your experience - is it  secure? I heard 96% of all assets are stored on cold wallets.

The majority got no experience on that exchange because of the obvious fact that it doesn't establish a good community. Why risks after all. And even they do, how can their users confirm nor knows if that 96% of all assets of that exchange is stored in cold wallets?

If you consider using that exchange because of their security then why not just choose the famous ones. And besides, we don't have much that info on exchange. Better be safe.

[leowonderful]

Seems like a very new exchange considering Coinmarketcap says WhiteBit was established in 2019, though CoinGecko and the Twitter account that seems to represent WhiteBit say the exchange went up in 2018- either way, there's really no way to know how good the site's security is, and I wouldn't take the word of a small and relatively new exchange. Even if an exchange is 'secure', though, please store funds you're not actively trading off-exchange on a wallet you own. There's no guarantee you'll get compensated if a site suffers a serious security breach that ends up with coins stolen, and it's overall just less risky holding funds yourself rather than on any service.

[TimeTeller]

What do you think about WhiteBit exchange?  please share your experience - is it  secure? I heard 96% of all assets are stored on cold wallets.

The majority got no experience on that exchange because of the obvious fact that it doesn't establish a good community. Why risks after all. And even they do, how can their users confirm nor knows if that 96% of all assets of that exchange is stored in cold wallets?

If you consider using that exchange because of their security then why not just choose the famous ones. And besides, we don't have much that info on exchange. Better be safe.

I haven't used that exchange so far.
For reference of the website -  https://whitebit.com/
No one can confirm that statement but as of now, you are relying from the dev team.
Since they are new player in the crypto exchange business, they will do right things as much as possible to gain the trust from the users.

[ryzaadit]

What do you think about WhiteBit exchange?  please share your experience

Never know/hear about the exchange.

is it  secure? I heard 96% of all assets are stored on cold wallets.

Other exchange also saying this same statement on their exchange, but still, get the hack.

The safest place to store your coin, token or asset is on your own personal. Went you can control all of your assets, exchange was not really a good option cause exchange the target attacking from the hacker.

Not your key, not your crypto.

[crzy]

What do you think about WhiteBit exchange?  please share your experience - is it  secure? I heard 96% of all assets are stored on cold wallets.

Some reviews are good and some are not, make your research about that mate before using it because everything can be manipulated just to attract investors. Never tried to use Whitebit exchange because I’m satisfied on top exchanges, you might also feel that if you’re using top exchanges.

[sheenshane]

What do you think about WhiteBit exchange?  please share your experience - is it  secure? I heard 96% of all assets are stored on cold wallets.

As far as I know, this exchange is recently launched this year 2019. Literarily, they are new and not suppose to be trusted unless they already operated at least even 6 months. Do you own research before stepping in and made a deposit.

Here are the links that probably you can search further regarding them about the feedbacks.

• Blog: https://news.whitebit.com/
• LinkedIn: https://www.linkedin.com/company/19096205/
• Telegram: https://t.me/White_Bit
• Twitter: https://twitter.com/WhiteBit6

[michellee]

What do you think about WhiteBit exchange?  please share your experience - is it  secure? I heard 96% of all assets are stored on cold wallets.

I don't hear anything about them, and I don't use them too. If you think that they are stored all of the assets in the cold wallet, then it is better if you can do that by yourself because you can control your assets and you can directly to access the cold wallets. You don't need them to store your assets because you don't know how good they were securing the assets. If I were you, I would not store my assets in the exchanges for a long time especially in the new exchange because I don't know if the exchange can really protect the assets from the attackers or not.

[Peterdav]

I just reviewed this exchange platform, i see this is good exchange and the volume of transaction is pretty high. WhiteBit have a good interface and i think this platform can compete with other exchange platform.

[carter34]

I think is a new exchange and making much promising move. Some new and also promising coin like mb8 has been listed there too. I have not used them but I read some listing are going on there. Search mb8 on cmc, it got listed there.
https://coinmarketcap.com/

[1Referee]

According to Namebio the domain has been sold for $4000 through Sedo on 2018-11-28.

I would practice caution here. A new exchange that is generating decent volumes is very suspicious. Not saying it's a scam, but exchanges usually need years to build up enough credibility for people to actually use them. It could be them generating volume through wash trading to lure people in, which is a common practice amongst exchanges nowadays.

If we have a look at their Twitter page, a lot of their likes and retweets come from bots and shills.  

[Nevsky]

why do think that cold wallets are about secure? I think that exchange should provide a lot of features to ensure clients safety, and this one is  not the key

I always thought that cold wallets are safer and you don’t have to worry about the safety of your cryptocurrency. Since most of the time such a wallet is offline.

[artdor]

I heard about this exchange. It is small, but very comfortable and functional. For safety, I do not have such information.

[Oilacris]

why do think that cold wallets are about secure? I think that exchange should provide a lot of features to ensure clients safety, and this one is  not the key

I always thought that cold wallets are safer and you don’t have to worry about the safety of your cryptocurrency. Since most of the time such a wallet is offline.

When we do talk about wallets then its been classified to 2:

-Hotwallet (exchange wallet - actively making transactions)
-Coldwallet ( Hardware ones,airgapped etc.)

When it comes to security then theres no question about coldwallet but I highly believe its been a common set-up on most exchangers having their own cold and hot ones.

About Whitebit exchange,this is my first time hearing out and I wont risk on using it since there are more better options.

[Crypto_hive]

why do think that cold wallets are about secure? I think that exchange should provide a lot of features to ensure clients safety, and this one is  not the key

I always thought that cold wallets are safer and you don’t have to worry about the safety of your cryptocurrency. Since most of the time such a wallet is offline.

When we do talk about wallets then its been classified to 2:

-Hotwallet (exchange wallet - actively making transactions)
-Coldwallet ( Hardware ones,airgapped etc.)

When it comes to security then theres no question about coldwallet but I highly believe its been a common set-up on most exchangers having their own cold and hot ones.

About Whitebit exchange,this is my first time hearing out and I wont risk on using it since there are more better options.

As far as I understand, about a cold wallet is not connected to the network, but only when you need to complete a transaction. I heard that the cold wallets Trezor or Ledger were breaking. But I don’t know, maybe it was just negligence with private keys.

[retalids]

According to Namebio the domain has been sold for $4000 through Sedo on 2018-11-28.

I would practice caution here. A new exchange that is generating decent volumes is very suspicious. Not saying it's a scam, but exchanges usually need years to build up enough credibility for people to actually use them. It could be them generating volume through wash trading to lure people in, which is a common practice amongst exchanges nowadays.

If we have a look at their Twitter page, a lot of their likes and retweets come from bots and shills.  

Yes, volumes aren’t huge, but still whitebit is very young exchange. I’ve checked, they really have financial license and volume looks like real. besides, even huobi and hitbtc don't have license))

[bitinka]

According to Namebio the domain has been sold for $4000 through Sedo on 2018-11-28.

I would practice caution here. A new exchange that is generating decent volumes is very suspicious. Not saying it's a scam, but exchanges usually need years to build up enough credibility for people to actually use them. It could be them generating volume through wash trading to lure people in, which is a common practice amongst exchanges nowadays.

If we have a look at their Twitter page, a lot of their likes and retweets come from bots and shills.  

If this is the case, then I will say that today many people do similar things, even large exchanges such as Binance. To maintain liquidity, robots are involved that boost volumes.

[Japinat]

I hear it first here, then made a research and saw that they have a decent volume.
They have $17 million trading volume now based on https://coinmarketcap.com/exchanges/whitebit/, so I think it's a trusted exchange.

I go through the coins listed, it seems like most of the coins listed are legit coins and popular coins in the market.

I heard 96% of all assets are stored on cold wallets.

About that one, it needs to be verified yet, but when we say about exchange, only one thing in my mind, they are vulnerable of hacking.
Also, I was thinking if almost all coins are in cold wallet, I don't think they could process withdrawals timely.