Looking for a platform for crypto trading, people always try to find a service with low commissions. Different platforms have different fee policies. Some exchanges have fixed fees (WhiteBIT), others- unfixed (Binance), so you should be attentive and clearly understand how much you will pay for this or that transaction. Below is a guideline…
If you are looking for a cheap cryptocurrency exchange, pay attention to WhiteBIT.
Let’s talk about it in more detail.
What are the Advantages of WhiteBIT?
Here are some features of the WhiteBIT exchange: Official registration, European jurisdictionLow crypto trading fees and the opportunity to reduce commissions having the WBT tokenOver 450 traded pairsFiat currencies supportedConvenient interface and crypto calculatorAdvanced trading tools and the leverage ratio 1:20Customer support service.
In 2022, the WhiteBIT platform released its own cryptocurrency – the WBT token, based on the ERC-20 protocol. The WhiteBIT token price is $4.08 (mid-January 2023). The token has gained popularity due to the advantages it brings. There are two options for using the token: you can hold or own it.
Owning WBT means keeping tokens on the Main balance and receiving a discount on trading fees of up to 90% (for makers – up to 100%).
Holding WBT means:higher interest in the affiliate program;no standard fees for makers; some number of free withdrawals a day.
So, having the WBT token brings many benefits and saves money on transaction fees.
If you want to become the owner of the WhiteBIT token, you should register on the platform and verify your account. Then, using your bank card or any other crypto wallet, move funds to your account and go to the WhiteBIT calculator. Pick your currency and the WBT token, pay the fee (fixed for all transactions 0,10%), and receive the WBT token in your account in a few seconds. Select how you want to store WBT (own or hold) and start receiving bonuses right away.
Note that to unhold the token, you will have to wait for 14 days, but if you need to get it unholded immediately, you may pay the fee.
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