The time of intense hardship is a great litmus test for many companies and individuals who operate in the public sphere. Right now, the world is experiencing an unimaginable terror of war in Ukraine, the heart of Europe. Standing on the side of peace and defense of Ukraine is currently among the priorities of many socially responsible companies.
WhiteBIT, the largest European cryptocurrency exchange, stands out from the other companies in the field by carrying out numerous charitable campaigns and partnerships to help Ukraine. What do we know about the WhiteBIT ecosystem? Let’s bring the company into focus and find out more.
What is WhiteBIT?
The WhiteBIT crypto exchange was founded in Kharkiv, Ukraine, in 2018 by a group of friends devoured by a passion for implementing a big dream. The center of their idea was to create an ecosystem and bridge the world of traditional technologies and blockchain. Moreover, this ecosystem had to be easily accessible to the broad public. Volodymyr Nosov, the CEO of WhiteBIT, has repeatedly emphasized that all innovations and improvements of the platform are made for the users’ convenience and organic integration of blockchain into people’s everyday lives.
Now, the exchange is being used by over 2 mln users worldwide, offering more than 450 trading pairs with the most popular and relevant cryptocurrencies and over 30 pairs with national currencies.
Since 2018, the exchange has broadened its ecosystem with other projects like the WhiteSwap decentralized exchange, the Whitepay crypto processing system, the Bitcoin Global P2P cryptocurrency exchange platform, and the Gagarin Show cryptocurrency YouTube show.
WhiteBIT is considered among the Top 3 most secured crypto exchanges in the world according to the cer.live rating. 96% of all assets of the exchange are stored in cold wallets under a strong layer of protection.
Functionality
The exchange offers a wide range of services to ensure its users have the best experience.
Spot trading
Over 250 digital assets are currently available for trading in more than 450 pairs. Novice traders can learn the basics of crypto trading with the help of Demo Token, a unique tool for learning how to trade. There are 6 types of orders for spot trading: Limit, Market, Stop-Limit, Stop-Market, Conditional-Limit, and Conditional-Market.
Margin trading
The exchange enables the users to increase their capital with the help of up to 20x leverage. The Limit, Market and Trigger-stop-market orders are available for margin trading. The daily fee for margin trading is 0.098%.
Futures trading
Recently, the exchange released a large-scale update of its functionality, with perpetual futures contracts as the centerpiece. The first contract is USDⓈ-M and the BTC/PERP pair.
SMART Staking
Users can purchase an asset of their choice, store it on one of the available plans for 10, 90, or 360 days, and profit from it.
Referral program
Users can invite friends to sign up on the exchange with their referral links and get 40% of the trading fees of these invited referrals.
WhiteBIT Codes
WhiteBIT Codes allow users to transfer funds within the exchange instantly and fee-free. The creation and activation of the codes are carried out in a few seconds.
Trading competitions
A trading competition is a tournament where participants with the highest trading volume share a special prize pool.
WhiteBIT and Ukraine
As we mentioned before, the WhiteBIT ecosystem originated in Ukraine, with most of its staff being of Ukrainian origin. The company has been engaging in various campaigns aiming to help the Armed Forces of Ukraine as well as the affected civilians since the beginning of the Russian invasion. “Helping Ukraine is not a matter of duty, but a moral obligation of everyone who supports the basic principles of the civilized world,” says Volodymyr Nosov, the CEO of WhiteBIT.
What contributions have been made by WhiteBIT to help Ukraine?
Whitepay x WhiteBIT fundraising campaign
Right after the war broke, Whitepay initiated the fundraising campaign for the humanitarian needs, the AFU, and the Ministry of Health of Ukraine. The company created a unique platform where people can donate cryptocurrency or any national currency. The contribution can be done from any part of the world through a convenient Whitepay service.
Whitepay x United24
United24 is a charitable initiative of President Volodymyr Zelensky of Ukraine that has a like-named fundraising platform in its center. Whitepay provides its service as a payment processing platform that guarantees the safety and security of crypto contributions. The donation can be made right on the United24 platform.
Donations
WhiteBIT has made the most significant contribution to the United24 platform in the amount of 10 000 000 UAH.
State partnerships
WhiteBIT partnered with the online state service Diia to make the identity verification process for Ukrainian users faster and easier. Fast verification helps users carry out operations with national currencies, which is very helpful in times of unstable economic conditions.
Moreover, WhiteBIT signed a memorandum with the Ministry of Foreign Affairs of Ukraine to support the Ukrainians who had to flee the country. As part of the partnership, the Ministry of Foreign Affairs of Ukraine received seven sets of special technical equipment for emergency assistance to Ukrainian citizens in emergencies abroad.
Eurovision trophy
WhiteBIT has bought the trophy of the Kalush Orchestra, the winners of the Eurovision Song Contest, as part of a charity auction for $900,000. The funds will be directed to the humanitarian needs of Ukrainians and the Armed Forces of Ukraine.
Wrapping up
WhiteBIT is the largest European crypto exchange of Ukrainian origin that has been actively helping Ukraine during the war. The company engages the power of its authority in the crypto community to draw the public attention to the invasion problem and puts all efforts into accelerating Ukraine’s victory.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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