WhiteBIT

European crypto exchange offering spot, derivatives, and lending with an Austrian MiCA license

Exchange KYC required Founded 2018 Lithuania Oct 27

Visit whitebit.com

3.7/ 5

Our score

Good

Be the first to review

KYC required Yes

Accepts US customers No

What is WhiteBIT?

WhiteBIT is a European cryptocurrency exchange that provides spot markets, collateral trading, crypto lending, and B2B infrastructure. Operating since 2018, the platform serves retail traders and institutional partners across more than 190 countries, offering euro fiat rails through SEPA alongside programmatic trading tools.

Company and background

The exchange was launched by founder and CEO Volodymyr Nosov, who is also the president of parent entity W Group. WhiteBIT is headquartered in Vilnius, Lithuania, and employs a team of approximately 1,300 people across its European operations.

Trading, custody, and institutional rails

WhiteBIT operates as a centralized exchange with custodial wallets. It supports digital asset trading alongside direct fiat deposits and payouts in EUR through SEPA bank transfers and payment cards. For developers and institutional partners, the platform provides dedicated B2B products including Wallet-as-a-Service, Embedded Trading sub-accounts, and Yield-as-a-Service (YaaS), which segregates end-user lending balances into dedicated sub-accounts rather than pooled omnibus custody. Automated trading is accessible through REST APIs, a command-line interface with over 110 commands, and a Model Context Protocol (MCP) server featuring 115 tools for algorithmic execution.

Regulation and availability

In June 2026, WhiteBIT secured regulatory authorization under the Markets in Crypto-Assets (MiCA) framework from the Austrian Financial Market Authority (FMA). Through this status, the exchange can passport regulated custody and spot trading across all 30 European Economic Area countries. For derivatives, WhiteBIT Broker obtained authorization from the National Bank of Georgia in April 2026 to offer perpetual futures under domestic regulation. The exchange enforces mandatory customer verification (KYC) for its accounts. Users from roughly 30 countries are restricted from using the platform, including residents of the United States and the United Kingdom.

Risks and operational trade-offs

Because WhiteBIT is a centralized custodian, users take on counterparty and custody risk. European MiCA licensing covers spot exchange, custody, asset placing, and transfer services, but does not cover leveraged derivatives under MiFID II. The platform does not offer a public testnet, so API integrators must test on the live production environment using minimum order amounts.

Founders

Volodymyr NosovCEO

Best for:EEA residents trading spot with eurosInstitutional partners needing sub-account APIsTraders using AI automation tools

Pros and cons

Pros

Holds a MiCA license from the Austrian Financial Market Authority
Direct EUR deposits and payouts supported via SEPA
Segregated sub-account architecture for institutional lending and trading
MCP server and CLI for terminal-based and programmatic trading

Cons

Does not accept customers from the US, the UK, or Canada
Centralized custody exposes funds to counterparty risk
Derivatives are not covered under its EEA MiCA authorization
No public testnet sandbox for testing API integrations

Our review

3.7/5

Good

WhiteBIT delivers strong European regulatory compliance under a MiCA authorization, but excludes traders in the United States, the United Kingdom, and Canada.

Fees3.5

Security & trust4.0

Asset selection3.5

Ease of use4.0

Support3.5

WhiteBIT was established in 2018 by founder Volodymyr Nosov and is headquartered in Vilnius, Lithuania. Operating as part of the W Group Brand, the exchange has expanded to employ around 1,300 people across its operations. In June 2026, the platform secured a MiCA regulatory authorization from the Austrian Financial Market Authority (FMA). This status allows WhiteBIT EU to passport spot exchange, placing, transfer, and custody services across all 30 European Economic Area (EEA) member countries under unified standards.

For derivatives access, the company routes activity through WhiteBIT Broker, an entity authorized by the National Bank of Georgia in April 2026 to offer perpetual futures under domestic oversight. The Austrian MiCA license does not cover leveraged derivatives, which fall under separate MiFID II regulations in the European Union. Jurisdictional restrictions apply: WhiteBIT is accessible across more than 190 countries, but it blocks users based in the United States and the United Kingdom due to registration requirements with agencies such as the SEC and the FCA.

The platform maintains extensive programmatic and institutional capabilities alongside its retail exchange operations. Its developer tools include a Model Context Protocol (MCP) server with 115 tools and a command-line interface with over 110 terminal commands for automated spot, wallet, lending, and market operations. Institutional partners can access Wallet-as-a-Service, Embedded Trading with up to 40% revenue share, corporate fiat rails via EUR SEPA, and market-making programs that supply fee rebates to liquidity providers.

WhiteBIT suits European retail traders and fintech builders who require fully regulated spot trading, SEPA payment rails, and API-driven custody integrations within the EEA. Traders in the US and the UK, as well as European residents looking for MiFID-licensed derivatives directly inside EU boundaries, must look elsewhere.

Listings are researched and drafted with AI assistance from public sources, then checked for accuracy and readability. Spot an error? Tell us. Editorial policy.

Sources (5)

Specs

Markets	Spot, Futures, Copy trading · unverified
Fiat deposit methods	Bank transfer, Card, SEPA · unverified
KYC required ⓘ	Yes · unverified
Accepts US customers	No · unverified
Staking / earn	Yes · unverified
Licenses & registrations	Austria FMA MiCA License, National Bank of Georgia Broker License · unverified
Security features	API key IP whitelisting, Segregated sub-accounts · unverified
Futures & perpetuals	Yes · unverified
Copy trading	Yes · unverified
Earn / savings products	Yes · unverified
Referral program	Yes · unverified

Not disclosed by the provider: Maker fee, Taker fee, Coins listed, Proof of reserves, Mobile app, Max leverage (x), P2P market, User protection fund.

Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.

Key features

SEPA fiat rails

Deposit and withdraw EUR directly through SEPA transfers and payment cards for fiat-to-crypto execution.

Crypto lending

Earn yields using fixed investment plans paid at maturity or flexible plans crediting daily returns with anytime withdrawals.

Model Context Protocol integration

Connect AI tools using a local MCP server that provides 115 tools across spot trading, lending, and wallet operations.

Embedded trading sub-accounts

Provision up to 50 independent API keys per customer sub-account with segregated IP whitelists and withdrawal permissions.

Regulated perpetual futures

Trade collateralized contracts through WhiteBIT Broker, authorized under the National Bank of Georgia.

Yield-as-a-service

Distribute lending yields to end users via segregated sub-accounts without pooling omnibus client funds.

Inside WhiteBIT

Embedded Trading

B2B integration architecture providing customer sub-account provisioning, per-account API keys, and revenue sharing up to 40%.

On/Off-Ramp

Corporate fiat and crypto conversion infrastructure supporting EUR deposits and withdrawals via SEPA rails.

Market-Making Program

Institutional trading service delivering maker-fee rebates, low-latency colocation, and quote execution infrastructure.

Wallet-as-a-Service

Backend custody, exchange, and settlement rails that allow third-party applications to run WhiteBIT infrastructure.

Yield-as-a-Service

Enables corporate partners to offer fixed and flexible crypto lending yields to end users via segregated sub-accounts.

MCP Server and CLI

A terminal interface with over 110 commands and an MCP server with 115 tools for natural-language AI integration.

What users say about WhiteBIT

User commentary primarily consists of promotional referral links, announcements, and brief third-party research mentions. There is not enough recurring first-hand feedback to establish defined positive or negative trends.

Based on 10 Reddit posts and comments from the last 12 months, checked Oct 27, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.

User reviews

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FAQ

Who founded WhiteBIT?

WhiteBIT was founded in 2018 by Volodymyr Nosov, who leads the company as chief executive officer.

Is WhiteBIT licensed in the European Union?

Yes. WhiteBIT EU secured a MiCA regulatory authorization from the Austrian Financial Market Authority on June 18, 2026, permitting passported services across all 30 EEA countries.

Does WhiteBIT accept US or UK customers?

No. WhiteBIT restricts users located in approximately 30 jurisdictions, including the United States, the United Kingdom, and Canada.

Does WhiteBIT offer derivatives trading?

Yes, perpetual futures are offered through WhiteBIT Broker, an entity authorized by the National Bank of Georgia in April 2026. The Austrian MiCA authorization does not cover leveraged derivatives.

What developer and AI automation tools does WhiteBIT offer?

WhiteBIT provides an MCP server containing 115 tools compatible with clients like Claude and Cursor, as well as a CLI with more than 110 commands for terminal automation.