Thoughts on Whitebit crypto exchange

[myself]

Any thoughts about the Whitebit crypto exchange? How smooth and safe is the experience? Any experience from UAE residents? Thanks for sharing your thought!

 

[Martin Everson]

Decent service with fast deposit and withdrawal and easy KYC. Note that if you deposit or withdraw via any of their SEPA providers they pass your KYC details on to any of the SEPA providers they use. For large amounts this could lead to issues naturally.

Please note there is now two whitebit exchanges. whitebit.com and whitebit.ge in Georgia. Both are available to use.

 

[myself]

Decent service with fast deposit and withdrawal and easy KYC. Note that if you deposit or withdraw via any of their SEPA providers they pass your KYC details on to any of the SEPA providers they use. For large amounts this could lead to issues naturally.

Please note there is now two whitebit exchanges. whitebit.com and whitebit.ge in Georgia. Both are available to use.

Great! Thanks for the details. I'm not planning to use them for fiat, at lease for the time being.

 

[jafo]

For large amounts

Can you quantify this, please?

1. > 1K
2. > 10K
3. > 25K
4. > 50K
5. >100K
6. >250K
7. >1M
8. ???

Just so I don't trip over myself...

 

[myself]

Can you quantify this, please?

1. > 1K
2. > 10K
3. > 25K
4. > 50K
5. >100K
6. >250K
7. >1M
8. ???

Just so I don't trip over myself...

I tried to explore their fiat withdrawal page. I got this message on the EUR withdrawal form: "If transaction amount or daily volume exceeds 14500 EUR, we may request additional data such as source of funds that would help us to process your request. "

 

[myself]

Can you quantify this, please?

1. > 1K
2. > 10K
3. > 25K
4. > 50K
5. >100K
6. >250K
7. >1M
8. ???

Just so I don't trip over myself...

Kraken is good for withdrawals. You may still have to face problems with your own bank if they hate money from crypto, but at least you don't face problems sending money out from the exchange.

 

[Martin Everson]

Can you quantify this, please?

1. > 1K
2. > 10K
3. > 25K
4. > 50K
5. >100K
6. >250K
7. >1M
8. ???

Just so I don't trip over myself...

I would say 10k at a time when it comes to this exchange. More than that I would look elsewhere.