The emergence of numerous platforms for working with cryptocurrency demonstrates that the digital assets industry is growing at a rapid pace. Many people have become aware of cryptocurrency and the benefits it brings. It might be challenging for a beginner to pick a reliable and user-friendly platform. In this article, we will try to figure out the crucial criteria to consider when choosing a crypto exchange and name the most trusted among them.

So, crypto exchange is a website or a platform where users conduct operations with digital assets. First and foremost, swap coins, buy and sell crypto. These are the basic functions of any cryptocurrency exchange. Large centralized platforms offer a much more comprehensive list of tools that allow earning on cryptocurrency such as:

♦ Staking
♦ Trading with leverage
♦ P2P
♦ Spot trading
♦ Educational material
♦ Demo account
♦ Trading bots

The largest and the most reliable exchanges are:

♦ Binance
♦ Coinbase
♦ WhiteBIT exchange
♦ Kucoin
♦ EXMO

WhiteBIT crypto platform

Let’s take a look at one Ukrainian exchange from the list. So, what is WhiteBIT and what is so special about this platform?

The WhiteBIT exchange was founded by businessmen from Ukraine and headquartered in Estonia in 2017. Even though the company is still young, it already has over 2M users from 150 countries worldwide. The exchange offers an attractive affiliate program, margin trading, smart staking, and complies with an anti-money laundering policy.

The exchange proposes a two-factor authentication for users to protect their accounts from third parties. Besides, 96% of client’s assets are stored in cold wallets. It is essential for the company’s clients, for they may rest assured their investments are in a safe place.

The exchange demands KYC verification for those willing to take advantage of a complete set of trading tools. Though, simple swapping is available without verification.

Beginners can take advantage of a demo account that allows them to practice trading strategies with no risk of losing money. The platform has a user-friendly interface and mobile app to trade just on the go.

As for WhiteBIT fees, regular commission comprises 0,1%. For some trading pairs, it may be different, but not exceeding 0,1%. Clients pay 0,098% per day for using assets in margin trading.

WhiteBIT exchange offers over 400 trading pairs, including trading with fiat. The exchange allows buying crypto for fiat money using bank cards. When doing that, users should also take into account bank commissions.

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