Utility and Insights into the Growth of WhiteBIT Token

WhiteBIT Token

The cryptocurrency platform WhiteBIT has released its native token called WBT. As of June 2023, the WBT crypto price is $4.71. Let’s discuss this asset and the exchange itself.

 WhiteBIT is a major exchange based in Europe that was established in 2018. It is among the leading platforms and boasts over 2 million users around the world. WhiteBIT is dedicated to encouraging the adoption of crypto technologies by offering convenient trading and lending services with user-friendly conditions. WhiteBIT provides various useful features for trading, including common trading orders for spot and margin that are effective. It’s possible to borrow up to 20x leverage for margin as well as perpetual BTC futures trading. Furthermore, WhiteBIT has unique passive revenue options and an affiliate program. Notably, WhiteBIT’s commissions are among the lowest in the whole market at only 0.1%.

Other advantages of the platform include:

  • WhiteBIT accepts payments in Bitcoin, as well as many other alternative cryptos and tokens. Additionally, it accepts four fiat currencies, including the USD and the EUR.
  • The exchange has large trading volumes, high liquidity, and a multilevel security system in place;
  • WhiteBIT offers beginner-level resources on spot and margin, P2P, and a free multicurrency account.
  • WhiteBIT allows for various ways to invest in cryptocurrencies and withdraw funds including e-wallets, bank cards, and transfers.
  • The WhiteSwap DEX platform.

The Role of WBT Crypto

The WBT crypto token is a fully integrated product in the WhiteBIT system, made to simplify user interactions. It’s used as a foundation for many blockchain startups, new projects, and trading. You can also stake the token on its platform. WBT holders benefit from various advantages, making it a trustworthy asset.

Advantages:

  • referral bonuses are raised to 50%;
  • trading commissions are reduced;
  • free withdrawals for tokens based on ETH;
  • free AML checks;
  • integration with the current and future projects developed on WhiteBIT.

Since the WhiteBIT project does not stop developing, its token will gain more value in the future. As the project’s community grows, more people buy WBT, making the demand for the token high. On the other hand, the company implements token-burning mechanisms to delete a portion of WBT units out of circulation creating scarcity and increasing the token chances to boost during the next bull market trend.