# WhiteBIT

> You Set the Level

WhiteBIT is a centralized cryptocurrency exchange based in Europe. It offers spot, margin, and futures trading along with lending and payment services for retail and institutional users.

WhiteBIT is a centralized cryptocurrency exchange that lets individuals and institutions buy, sell, and manage digital assets through a single trading platform. It offers spot trading, margin trading with leverage, and futures contracts, alongside crypto lending and card-based spending options. The exchange is built for traders ranging from beginners to high-volume institutional participants seeking a regulated venue for digital asset activity.

The platform addresses the need for a secure, compliant venue to convert between fiat and digital assets across a wide range of supported tokens. It applies security measures such as cold storage for the majority of customer assets and monitoring systems designed to detect and prevent unauthorized access. The exchange is licensed and operates compliance programs covering identity verification and anti-money laundering checks.

Beyond spot and derivatives trading, WhiteBIT's offering spans a payment gateway for merchants, a rewards program tied to its native token, and referral and affiliate programs. It also supports an associated blockchain network and non-custodial wallet within its broader ecosystem. The exchange serves individual traders, businesses accepting crypto payments, and institutional clients through a dedicated business solutions arm.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2018-11-01
- Profile: https://thegrid.id/profiles/whitebit

## Products

- [WhiteBIT Exchange](https://thegrid.id/profiles/whitebit): WhiteBIT Exchange is a centralized cryptocurrency trading platform that provides spot trading, margin trading with up to ten times leverage, and futures trading with up to one hundred times leverage. The system processes digital asset transactions through matching engines while maintaining security through cold storage and multi-signature protection. It also offers TradFi futures markets on traditional assets in supported regions. (Centralised Exchange, Live, Main Product)
- [WhiteSwap](https://thegrid.id/profiles/whitebit): WhiteSwap is a decentralized exchange using an automated market maker model that allows users to trade tokens and provide liquidity across multiple blockchains without intermediaries. The protocol is user-owned, with governance decisions made through community voting rather than centralized administration. It maintains separate smart contract deployments on each supported network. (Decentralised Exchange, Live)
- [WhiteBIT Earn](https://thegrid.id/profiles/whitebit): WhiteBIT Earn is a savings and yield product that allows users to deposit crypto assets and earn interest through flexible or fixed-term lending plans managed by WhiteBIT. Flexible plans credit earnings daily with hourly calculation and allow instant withdrawal, while fixed plans lock funds for set terms at a predetermined rate. An auto-invest feature enables automatic recurring investments and compounding of returns. (Savings & Yield, Live)
- [WhiteBIT Nova Card](https://thegrid.id/profiles/whitebit): WhiteBIT Nova Card is a cryptocurrency debit card that allows users to spend digital assets for everyday purchases with cashback rewards. The card supports multiple cryptocurrencies and integrates with mobile payment services for point-of-sale use. Funds are converted automatically at the time of transaction. (Card, Live)
- [Whitechain](https://thegrid.id/profiles/whitebit): Whitechain is an EVM-compatible Layer 1 blockchain that provides smart contract execution and decentralized application infrastructure integrated into the WhiteBIT ecosystem. It uses a Proof of Authority consensus mechanism to achieve fast block times and low transaction costs. The network supports a native coin used for transaction fees and ecosystem rewards. (L1, Live)
- [White Market](https://thegrid.id/profiles/whitebit): White Market is a peer-to-peer marketplace for trading video game skins using cryptocurrency payments and fiat withdrawals. The platform lets users list, buy, and sell skins with limit orders and account balance management. It offers lower fees than comparable marketplaces and integrates with the WhiteBIT ecosystem for balance top-ups. (Online Retail Platform, Live)
- [WB Voucher](https://thegrid.id/profiles/whitebit): WB Voucher is a digital gift card system that enables cryptocurrency purchases through prepaid vouchers in various denominations. The platform provides secure code redemption directly to WhiteBIT accounts and supports business partnerships for client engagement. (Gift Cards & Digital Vouchers, Live)
- [WhitePool](https://thegrid.id/profiles/whitebit): WhitePool is a Bitcoin mining pool that aggregates computational power from miners to jointly mine blocks and share rewards. It uses the SHA256 algorithm with a full pay-per-share reward distribution model, crediting earned bitcoin directly to linked exchange accounts. The pool is aimed at individual and institutional miners seeking pooled hash power. (Pool Software, Live)
- [Whitepay](https://thegrid.id/profiles/whitebit): Whitepay is a merchant payment gateway that enables businesses to accept cryptocurrency payments through API integration, web plugins, and a management dashboard. The system provides automatic conversion of received payments and transaction monitoring for merchants. It also supports physical payment terminals for accepting crypto payments and exchanging fiat currency. (Merchant Payment Gateway, Live)

## Assets

- [WhiteBIT Coin (WBT)](https://thegrid.id/profiles/whitebit): WBT is the native token of Whitechain, an EVM-compatible Layer 1 blockchain, and the utility token of the WhiteBIT exchange. It is used to pay gas fees on Whitechain, reduce trading fees and withdrawal costs on WhiteBIT, and unlock enhanced referral rewards and free AML checks. A fixed maximum supply of 400,000,000 coins is enforced through weekly buyback and burn operations funded by exchange revenue. (Native)
- [WhiteSwap Token (WSD)](https://thegrid.id/profiles/whitebit): WSD is the governance token of WhiteSwap, a decentralized exchange operating on Ethereum, Tron, and Polygon blockchains. It is used to vote on protocol development proposals, stake for rewards generated from platform trading fees, and participate in yield farming programs. As a fork of Uniswap V2, the protocol distributes governance rights through WSD to enable community-driven decision making within the WhiteBIT exchange ecosystem. (Governance)

## Links

- [Main](https://whitebit.com)
- [Blog](https://blog.whitebit.com)
- [Privacy policy](https://whitebit.com/terms/privacy-policy)
- [Terms of Service](https://whitebit.com/terms)
- [Twitter / X](https://x.com/WhiteBit)
- [Discord](https://discord.gg/WhiteBIT)
- [Telegram](https://t.me/White_Bit)
- [LinkedIn](https://www.linkedin.com/company/whitebit-cryptocurrency-exchange)
- [Instagram](https://www.instagram.com/whitebit)

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- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
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- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP