What do you think about WhiteBit exchange?

[Text]

I just recently registered in whitebit on Sunday for the reason to sell some of my MB8 coins. Well, I am testing this exchange site, so far its good, the chat support is active and responsive. For the security, I don’t know yet, I am not yet submitting my personal details for KYC verification.

[anth36jian]

Personally, i got on it for the first time, but I saw that you can even go through the listing to add your token, the main thing is that the exchange is popular

[Yamifoud]

I just recently registered in whitebit on Sunday for the reason to sell some of my MB8 coins. Well, I am testing this exchange site, so far its good, the chat support is active and responsive. For the security, I don’t know yet, I am not yet submitting my personal details for KYC verification.

Are you able to withdraw your BTC's after traded your MB8 coin? Hope you will...lol

I have see that their withdrawal fees is 0.0005BTC which it looks too high compared to the others. I don't know how it attracts traders especially when they just using Bitcoin because of its fees.
But anyway, they are just new in the operation and I have to think that they are welcome for any suggestions that could help them better.
By looking at their reviews, I don't see any complaints which means that they are able to provide services or we might say that only few have their trades in this exchange.

[bitinka]

I just recently registered in whitebit on Sunday for the reason to sell some of my MB8 coins. Well, I am testing this exchange site, so far its good, the chat support is active and responsive. For the security, I don’t know yet, I am not yet submitting my personal details for KYC verification.

Are you able to withdraw your BTC's after traded your MB8 coin? Hope you will...lol

I have see that their withdrawal fees is 0.0005BTC which it looks too high compared to the others. I don't know how it attracts traders especially when they just using Bitcoin because of its fees.
But anyway, they are just new in the operation and I have to think that they are welcome for any suggestions that could help them better.
By looking at their reviews, I don't see any complaints which means that they are able to provide services or we might say that only few have their trades in this exchange.

Such a commission for withdrawal at almost all exchanges. Yes, I also think that’s a lot. Somehow at Bitmex I had to pay 0.00200 BTK commissions. This is when the network was overloaded and Bitcoin was actively growing.

[kennen1113]

I just recently registered in whitebit on Sunday for the reason to sell some of my MB8 coins. Well, I am testing this exchange site, so far its good, the chat support is active and responsive. For the security, I don’t know yet, I am not yet submitting my personal details for KYC verification.

In general, you are having a good experience with this exchange but my advice is that you should not submit information to complete KYC because this is a very strange exchange for many people, we don't see its reputation in the market, rushing to send personal information is not good. In addition, you also do not often use this exchange when the market has too many good exchanges such as kucoin, binance, bittrex, sometimes you just need it for liquidity, no need to think about KYC confirmation when it's not needed

[MonsterV]

Well it sounds like a new exchange because I have never heard name this exchange. And after I traced there is still few information that provides feedback and reviews about this exchange. But from what I see, this exchange is quite interesting even though it was only launched this year, because development is quite rapid and entered into top 100 exchanges beat poloniex. I will try this exchange another time and I will share my experience here.

I just recently registered in whitebit on Sunday for the reason to sell some of my MB8 coins. Well, I am testing this exchange site, so far its good, the chat support is active and responsive. For the security, I don’t know yet, I am not yet submitting my personal details for KYC verification.

In general, you are having a good experience with this exchange but my advice is that you should not submit information to complete KYC because this is a very strange exchange for many people, we don't see its reputation in the market, rushing to send personal information is not good. In addition, you also do not often use this exchange when the market has too many good exchanges such as kucoin, binance, bittrex, sometimes you just need it for liquidity, no need to think about KYC confirmation when it's not needed

Indeed KYC is a problem for new exchanges like Whitebit because they don't have enough good reputation to trust. KYC is not a trivial matter because it concerns our privacy data, even exchanges such as binance still have a chance to experience data leakages, especially exchanges that have not been tested for safety, such as whitebit.

[Text]

Are you able to withdraw your BTC's after traded your MB8 coin? Hope you will...lol

I have see that their withdrawal fees is 0.0005BTC which it looks too high compared to the others. I don't know how it attracts traders especially when they just using Bitcoin because of its fees.
But anyway, they are just new in the operation and I have to think that they are welcome for any suggestions that could help them better.
By looking at their reviews, I don't see any complaints which means that they are able to provide services or we might say that only few have their trades in this exchange.

I never tried withdrawing my funds cause my coins is not yet sold, still waiting the right time. I think I can withdraw the coins in any form not just by bitcoin. Because as we can see, every time we deposit a coin, there’s also a withdraw address button.

In general, you are having a good experience with this exchange but my advice is that you should not submit information to complete KYC because this is a very strange exchange for many people, we don't see its reputation in the market, rushing to send personal information is not good. In addition, you also do not often use this exchange when the market has too many good exchanges such as kucoin, binance, bittrex, sometimes you just need it for liquidity, no need to think about KYC confirmation when it's not needed

Don’t worry, I am aware of the risk in applying for KYC verification, thanks for the advice anyway. Just needed to register on this exchange site cause for now it has the biggest volume of MB8coin market. And I didn’t deposit all the coins there.

Does it require KYC? Is it mandatory in the exchange if you want to do a simple transaction like selling of coins as you want to do at the moment ?

It doesn’t require KYC. I think its only an option like withdrawing huge number of bitcoins.
No, it is not also mandatory to provide your personal information on the exchange site just to make a simple transaction or to sell your coins.

[fortunecrypto]

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.

There are so many new exchanges right now in the market, and some of them are coming from ICO, but even with the bounty marketing it failed to generate support, this is the first time I read about White Bit, I believe they did not offer an ICO, this is why people are unfamiliar with that exchange, better read more reviews from actual users, I'm not saying it's not safe.

[voltesbit777]

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.

Never heard of it mate, but I suggest you dude that never trust with the exchange at once with a new. It is much better and good if you check or review the platform before you take part in that platform, to avoid any mistakes, especially as a trader our capital investment was always in risk level, so be careful.

[ufolly]

About this exchange I never heard and decided to watch. I tried to go to the site https://whitebit.com/ but it didn't work. Is this how it should be? or I'm doing something wrong.

[BitHodler]

especially exchanges that have not been tested for safety, such as whitebit.

The only way to be 'tested' as exchange is to have hackers fail to steal coins or information from you. If they manage to steal one of these or both, you obviously failed because your exchange wasn't secure enough.

Some exchanges tend to not publicly share that they have been hacked, but a red flag would be that they don't or barely process withdrawals, which is an indication of insolvency.

Either way, if you want to try out an exchange, try to deposit like a buck worth of Bitcoin or any other coin to see if you can withdraw without problems. If they are a scam, you only lost a buck, which isn't the end of the world.

[defyance]

Does it require KYC? Is it mandatory in the exchange if you want to do a simple transaction like selling of coins as you want to do at the moment ?

It doesn’t require KYC. I think its only an option like withdrawing huge number of bitcoins.
No, it is not also mandatory to provide your personal information on the exchange site just to make a simple transaction or to sell your coins.

If so it's good. Well, I hardly dare to pass the KYC on an unfamiliar exchange which I do not know anything about.

[paxswerr]

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.

Cold wallets are considered more secure. But how do they handle transactions? let's say if I want to withdraw a certain amount... how long should I wait?

[adzino]

Never heard of whitebit exchange. Looks like a new exchange so better use it with caution. Why use a new exchange while there are many well known and old exchanges out there? About them storing 96% of the assets in cold storage, I think most of the exchanges does the same thing. Still be careful when storing your coins in that exchange. You might lose everything if they get hacked.

[Crypto_hive]

I just recently registered in whitebit on Sunday for the reason to sell some of my MB8 coins. Well, I am testing this exchange site, so far its good, the chat support is active and responsive. For the security, I don’t know yet, I am not yet submitting my personal details for KYC verification.

Tell me, is it necessary to pass the KYC? Unverified users can trade? There most likely some certain volume is allowed to trade.

[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.

Cold wallets are considered more secure. But how do they handle transactions? let's say if I want to withdraw a certain amount... how long should I wait?

I think this process is automated. If you need to withdraw cryptocurrency, the system takes funds from the active wallet, in which tokens are temporarily stored. If there is not enough on an active account, the billing system turns to the cold storage for coins.

[artdor]

About this exchange I never heard and decided to watch. I tried to go to the site https://whitebit.com/ but it didn't work. Is this how it should be? or I'm doing something wrong.

Everything works fine for me without failures. Perhaps you got into technical work. I recently read about it on the Internet, it turns out that good volumes are being traded on it.

[Nthert]

About this exchange I never heard and decided to watch. I tried to go to the site https://whitebit.com/ but it didn't work. Is this how it should be? or I'm doing something wrong.

Everything works fine for me without failures. Perhaps you got into technical work. I recently read about it on the Internet, it turns out that good volumes are being traded on it.

You can even make a banal analysis to understand how many people are sitting on this site and how much is traded there

[paxswerr]

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.

Cold wallets are considered more secure. But how do they handle transactions? let's say if I want to withdraw a certain amount... how long should I wait?

I think this process is automated. If you need to withdraw cryptocurrency, the system takes funds from the active wallet, in which tokens are temporarily stored. If there is not enough on an active account, the billing system turns to the cold storage for coins.

With an active wallet, everything is more or less clear. But the cold wallet should not be associated with the site because then it is also in danger of being hacked. If the exchange holds 96% of the funds in a cold wallet, how will the exchange provide high trading volume? I don't know much about it, of course.

[ufolly]

About this exchange I never heard and decided to watch. I tried to go to the site https://whitebit.com/ but it didn't work. Is this how it should be? or I'm doing something wrong.

Everything works fine for me without failures. Perhaps you got into technical work. I recently read about it on the Internet, it turns out that good volumes are being traded on it.

You were right. Using the chrome browser the site opened without problems. At first glance, the design of the site seemed to me quite convenient and comfortable.