What do you think about WhiteBit exchange?

[Hippocrypto]

Is this the exchange I read in a thread section here that a member of the forum complained that he was depositing around 1000 $ on this platform and then suddenly there are new rules that you can't withdraw if you are not verified by KYC in whitebit. And all of a sudden, they are issuing such rules without telling the whitebit users that they have been hacked or that they have been deposited. Plus the volume of the whitebit platform is not that impressive, so I prefer to use the exchange known in the market.

On that case the site adminstration shouldn't allow deposit of funds once kyc wasn't passed. I wonder why after deposit made by that forum member, sudden rules change and it sounds strange right? As per analysis they can manipulate your kyc whether they accept it or not since the funds was already on their custody, so it's completely a biased situation.

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[Rufsilf]

Is this the exchange I read in a thread section here that a member of the forum complained that he was depositing around 1000 $ on this platform and then suddenly there are new rules that you can't withdraw if you are not verified by KYC in whitebit. And all of a sudden, they are issuing such rules without telling the whitebit users that they have been hacked or that they have been deposited. Plus the volume of the whitebit platform is not that impressive, so I prefer to use the exchange known in the market.

There is a need to comply with such KYC because of its amount and in most exchanges today they requiring this for withdrawal and I believe that person who gives complains knew it already. I believe it is not only the KYC it looks interesting but also their fees cause it is really high compared to the other and I just hope that this exchange will realize it https://www.cointelligence.com/exchanges_list/whitebit/.

[bitinka]

How are things going with a new but very interesting exchange? Have some good news?

The trading volume is low as for me.

Low volume trading is common in new exchanges. this exchange will take 1 to 2 years to become large. I'm still waiting for more review, for I trade on this exchange

You are right, it takes time to establish this exchange. It is also worth noting that even on top exchanges, volumes are extremely small. I am silent about the increase in volume by bots.

Yes, you are right. Trading volumes are very small.  It takes some time for growth.

We need not only a strong community and favorable market conditions, but also support from the market maker. Liquidity alone does not appear.

[serantepe]

Who trade MB8 project coin? Is there real volume on the Whitebit exchange  or fake volume?

most likely the volume is fake.  I certainly do not say, but apparently bots are selling here.

I also think so. The coin is promising but the volume of $ 100,000 is a lot at this stage of the project development.

[Text]

I'm trying to make a request of withdrawal now, unfortunately it doesn't allow me after clicking the withdrawal request button and it says "You can't withdraw more 0 USD per day , as your account is not confirmed."
I'll update you after my account get approved. For now, I just submitted my name and contact, waiting the approval. Maybe tomorrow I'll continue the verification process for the document.

[Google+]

right now there are many new exchange platforms and as much as possible you should be careful when you want to trade in a new exchange, do not use too much capital and always be vigilant, because at this time there are many crimes that often occur with the exchange platform.

[Murat]

The Whitebit exchange is one of the newest and potential platforms where you can various types of facilities besides a good exchange site, I know a little bit about this platform, there are a lot of things you can get such as IEO platforms, Good exchange platform, also you can get margin trading facilities, even you can avail instant purchase system and so on. most important thing is that they are trying to provide a fast and secure platform for the exchange purpose, there is an option of customizing user interface which could make easy for your purpose, also has a smart protective screen, not only that but also it requires a low fee in comparison to other exchange sites.

[mdzahed134]

Yeah, i used WhiteBit exchange for sell some alts coins. But in generally most of the people’s aren’t familiar with such a exchange. But i think it’s enough secured to protect your assets. This is not a big exchange because only 60 different alts coins listed here and most of them shit coins. But i don’t believe manipulated trading in coinmarketcap also WhiteBit 24 hours trade volume is showing wrong figure instead of exchange activities.               

[Serco]

Yeah, i used WhiteBit exchange for sell some alts coins. But in generally most of the people’s aren’t familiar with such a exchange. But i think it’s enough secured to protect your assets. This is not a big exchange because only 60 different alts coins listed here and most of them shit coins. But i don’t believe manipulated trading in coinmarketcap also WhiteBit 24 hours trade volume is showing wrong figure instead of exchange activities.               

in coinmarketcap i see trading volume on whitebit around %18millions.and if looking pairs that traded there i am totally doubt with this volume.if there is alternative exchanges for our assets, better to use other exchanges with better reputation.or maybe use decentralized exchanges safer than use unknown market with fake trading volume.

[tmfp]

This exchange appears to be owned by the same people as P2PB2B and Coinsbit, about which there are many questions, including why do they have a fake team?

[Dirtpoor]

I have listed with them and their security is useless. They blocked me for a 'security check' and whilst I was unable to access my wallet someone emptied my wallet. There is an e mail trail showing this to be true but they insist that I authorised and instigated the trade. Do not go anywhere near them, you will lose everything as I did.

[Text]

Beware, No guarantee or warranty of your money if it doesn't meet the minimum requirement of WhiteBit.com people even though you're not a direct customer of it and has externally put money on them for instance incases of deposits.

Dear user.  https://whitebit.com/terms Paragraph 6 (Operations on the account) Section 6.5
WHITEBIT is entitled to set and change minimum/maximum limits for Depositing and Withdrawing the Funds at its discretion. WHITEBIT will not be liable for not making any prior notices to the Users regarding such changes.
In such case:
if the Account was deposited with an amount less than the minimum for Depositing, the Funds will not be deposited to the User’s Account on the Platform and will not be refunded to the User; deposits with the sizes, which do not meet the established minimum, are not cumulative;

Thank you for pointing out this one. I used this Whitebit exchange when the time I needed money badly so I decided to sell some of my MB8coins on their platform. Nevertheless, I never encountered any problems undergoing the KYC process. But I will take note of this, so whenever I will make trade again I would be careful and will always check the minimum requirement before making a deposit.

[rexxarofmoknathal]

Beware, No guarantee or warranty of your money if it doesn't meet the minimum requirement of WhiteBit.com people even though you're not a direct customer of it and has externally put money on them for instance incases of deposits.

Dear user.  https://whitebit.com/terms Paragraph 6 (Operations on the account) Section 6.5
WHITEBIT is entitled to set and change minimum/maximum limits for Depositing and Withdrawing the Funds at its discretion. WHITEBIT will not be liable for not making any prior notices to the Users regarding such changes.
In such case:
if the Account was deposited with an amount less than the minimum for Depositing, the Funds will not be deposited to the User’s Account on the Platform and will not be refunded to the User; deposits with the sizes, which do not meet the established minimum, are not cumulative;

Thank you for pointing out this one. I used this Whitebit exchange when the time I needed money badly so I decided to sell some of my MB8coins on their platform. Nevertheless, I never encountered any problems undergoing the KYC process. But I will take note of this, so whenever I will make trade again I would be careful and will always check the minimum requirement before making a deposit.

Actually, by checking these things in advance before you deposit your money can save you the later struggle and potential loss. Having said this though, I find it ridiculous that when you want to deposit a lower amount than the minimum requirement that you don't get an error message, and not allowing you you to do so
and that instead, if you do make that mistake you lose your money - how frustrating 

[blurryeyed]

Whitebit is a known scam - do a search in the scam section.

[Text]

Actually, checking these things in advance before you deposit your money can save you the later struggle and potential loss. Having said this though, I find it ridiculous that when you want to deposit a lower amount than the minimum requirement that you don't get an error message, and not allowing you you to do so
and that instead, if you do make that mistake you lose your money - how frustrating  

You are right. But the deposit process will take place initially out of the whitebit exchange. We are using the sender address where the coin/token coming from. This exchage is only receiving... It's their rule and they can't undo if it happens because of its part of their terms and conditions. So use it at your own risk.

[Rux]

Whitebit is a known scam - do a search in the scam section.

Well this didn't aged well...

After reading some of the accusations in 2021, after i have been in contact with many of the WhiteBIT staff.

I can only say, positive and hard working staff, this is coming from a guy who traded on Mt.GOX and all other "oldschool" exchanges.

I can only say WhiteBIT is real deal, especially because they are relative new exchange, but only fool can ignore their progress on developement and tools they have.

[SergiGeorgia]

I have 2 years experience of trading and using @WhiteBit.They Just signed a partnership with Barcelona, which makes me very happy cause it will make the exchange more popular and affect their native token (In which I am investing).  As far as I know, WhiteBIT ranks among the safest CEXs - but what matters is that they passed the practical test as well - when the war in Ukraine broke out, they underwent a bank run and emerged intact. Reading comments on this topic from two years ago, I see how much they have improved and how much potential they still have

[benalexis12]

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.

Previously, if you used that, you could withdraw there even if you didn't pass any KYC. After a few months, they suddenly had a change in their policy that required you to pass KYC on their platform. You cannot trade using their platform if you are not verified.

That exchange is a mess because they won't allow you to do trading activity, but you can make a deposit. It seems like their policy is not good it's like they're a trap for newbies who will use their platform.

[retreat]

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 didn't know about this exchange until you made this thread. But from what I see, WhiteBit is the same as other exchanges in that it offers security and convenience which is often stated by centralized exchange platforms. I don't know its security or features, if you are confident with this exchange you can try it. But for me personally I will not use this exchange.
And from their website, they say that they are the official crypto exchange from Barcelona, well this is pretty cool too, but it doesn't indicate that this exchange is credible.

[Nrcewker]

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.

No matter what attractive offers it provides, if the exchange isn’t popular or hasn’t got enough reputation, then it will be better to completely avoid the exchange. Now positive reviews can be bought on review sites, but people in a forum or community won’t lie at all. I am not saying anything bad against the exchange, but as long as there are trustworthy exchanges present, why to move to a new one? It’s just a little suggestion. I haven’t tried the exchange mentioned in the OP, so it’s upto you what you wanna do with it.