How to Deposit and Trade Crypto at WhiteBIT

Initiating your cryptocurrency trading journey requires mastering the essential steps of depositing funds and executing trades effectively. WhiteBIT, a globally acclaimed platform, offers a user-friendly interface for both novices and experienced traders alike. This comprehensive guide is designed to guide beginners through the process of depositing funds and participating in crypto trading on WhiteBIT.
How to Deposit and Trade Crypto at WhiteBIT

How to Deposit on WhiteBIT

How to Deposit Money on WhiteBIT with Visa/Mastercard?

Depositing Money via Visa/Mastercard on WhiteBIT (Web)

Follow these instructions and try making a deposit together!

1. Visit the WhiteBIT site and click Balances in the main menu at the top.
How to Deposit and Trade Crypto at WhiteBIT
2. Select the desired state currency by clicking the "Deposit" button.
How to Deposit and Trade Crypto at WhiteBIT
3. Enter the deposit amount in the "Amount" field after choosing the "Visa/Mastercard" method. Click Add credit card and proceed.
How to Deposit and Trade Crypto at WhiteBIT
4. Complete the fields in the "Payment details" window with your card information, including the card number, expiration date, and CVV code. You have the option to save your card, eliminating the need to re-enter these details for future deposits. Simply toggle the "Save card" slider to activate this feature. Your card will now be available for future top-ups. Proceed by clicking "Next," then once more after adding the card number to the top-up window.
How to Deposit and Trade Crypto at WhiteBIT
5. The money will be credited in a short while. Note that, in rare circumstances, the procedure may take up to thirty minutes.

Depositing Money via Visa/Mastercard on WhiteBIT (App)

The quickest and safest way to fund your account and begin trading on WhiteBIT is by using widely accepted Visa and Mastercard payment methods. Simply adhere to our comprehensive guidelines to complete a successful deposit:

1. Open the application and find the deposit form.

Click the "Deposit" button after opening the home screen. Alternatively, you can click the "Wallet" — "Deposit" tab to get there.
How to Deposit and Trade Crypto at WhiteBIT
2. The choice of currency.

Search for the currency you wish to deposit using the currency ticker, or locate it in the list. Click on the ticker of the selected currency.
How to Deposit and Trade Crypto at WhiteBIT
3. Selection of Providers

Choose deposit via "KZT Visa/Mastercard" from the list of providers in the opened window.
How to Deposit and Trade Crypto at WhiteBIT
Be aware that you can deposit in PLN, EUR, and USD using Google/Apple Pay.

4. Charges: In the relevant field, enter the amount of the deposit. After making sure the total amount of the deposit, including the fee, is in your account, click "Add credit card and proceed".

Keep reading: by selecting the icon next to the commission percentage, you can acquaint yourself with the details regarding the minimum deposit amount.
How to Deposit and Trade Crypto at WhiteBIT
5. Including and preserving a Visa or Mastercard.

Enter your Visa or Mastercard details in the fields provided in the "Payment Details" window. If required, move the "Save card" slider so you can use it for the upcoming deposits. Select "Continue".
How to Deposit and Trade Crypto at WhiteBIT
6. Confirmation of Deposit: To confirm the deposit, you will be sent to the Visa/Mastercard banking application. Verify the payment.

7. Confirmation of payment: Go to the Wallet section of the WhiteBIT app and tap the "History" icon to view the details of your deposit. The transaction details will be visible to you on the "Deposit" tab.
How to Deposit and Trade Crypto at WhiteBIT
Support: Please get in touch with our support staff if you have any questions or encounter any issues when using a Visa or MasterCard to fund your WhiteBIT account. To make this happen, you can:
  • Send an email to [email protected] to reach the support team, or submit a request via our website.
  • Chat with us by selecting "Account"—"Support" in the upper left corner of the WhiteBIT app.

How to Deposit EUR via SEPA on WhiteBIT

Depositing EUR via SEPA on WhiteBIT (Web)

1. Accessing the page for balances.

Click "Balances" on the website’s home page, then choose "Total" or "Main".
How to Deposit and Trade Crypto at WhiteBIT
2. The choice of EUR SEPA provider.

Click on the currency that is indicated by the "EUR" ticker. Alternately, click the "Deposit" button and pick EUR from the available currencies.
How to Deposit and Trade Crypto at WhiteBIT
Then, on the deposit form, choose the "EUR SEPA" provider instead.
How to Deposit and Trade Crypto at WhiteBIT
3. Formation of deposits: Click "Generate and send payment" after entering the deposit amount in the "Amount" field. Please be aware that after the fee is calculated, the amount you will receive on your account balance will be shown in the "I will receive" field.
How to Deposit and Trade Crypto at WhiteBIT
Important: Take note of the minimum (10 EUR) and maximum (14,550 EUR) deposit amounts each day, as well as the 0.2% fee deducted from your deposit amount.
 
In order to transfer money, copy and paste the invoice information from the "Payment sent" window into your bank application. Every deposit has its own set of payment details generated for it.
How to Deposit and Trade Crypto at WhiteBIT
Important: You will not be able to make a transfer after the 7-day period that starts on the date the data was generated. The bank will receive all the money sent back.

4. Validation of the sender’s information.

Please be aware that the sender’s’ first and last names must correspond with the names listed in the Payment details. The payment will not be credited if it is not. This means that only if the first and last names listed in the KYC (identity verification) match the account holder’s first and last name at the sending bank will the WhiteBIT account owner be able to make a deposit using EUR SEPA.

5. Tracking the status of transactions
 
On the "History" page (under the "Deposits" tab) at the top of the website, you can monitor the progress of your deposit.
How to Deposit and Trade Crypto at WhiteBIT

Important: It takes up to 7 business days for your deposit to be credited to your account. You should contact our support team if your balance has yet to be replenished after this period. To achieve this, you can:

 

Depositing EUR via SEPA on WhiteBIT (App)

1. Accessing the page for balances.

From the main tab of the application, select the "Wallet" tab.
How to Deposit and Trade Crypto at WhiteBIT
2. The choice of EUR SEPA provider.

Click on the currency that is indicated by the "EUR" ticker. Alternately, click the "Deposit" button and pick EUR from the available currencies.
How to Deposit and Trade Crypto at WhiteBIT
Select the "SEPA transfer" provider in the deposit form (screenshot 2) after clicking the "Deposit" button (screenshot 1). Select "Continue" from the menu. 

Screenshot 1
How to Deposit and Trade Crypto at WhiteBIT
Screenshot 2
How to Deposit and Trade Crypto at WhiteBIT
3. Formation of deposits: Click "Generate and send payment" after entering the deposit amount in the "Amount" field. Please be aware that after the fee is calculated, the amount you will receive on your account balance will be shown in the "I will receive" field.
How to Deposit and Trade Crypto at WhiteBIT

Important: Take note of the minimum (10 EUR) and maximum (14,550 EUR) deposit amounts each day, as well as the 0.2% fee deducted from your deposit amount.

In order to transfer money, copy and paste the invoice information from the "Payment sent" window into your bank application. Every deposit has its own set of payment details generated for it.
How to Deposit and Trade Crypto at WhiteBIT

Important: You will not be able to make a transfer after the 7-day period that starts on the date the data was generated. The bank will receive all the money sent back.

4. Verification of the sender’s information.

Please be aware that the sender of the funds’ first and last names must correspond with the names listed in the payment details. The payment will not be credited if it is not. This means that only if the first and last names listed in the KYC (identity verification) match the account holder’s first and last name at the sending bank will the WhiteBIT account owner be able to make a deposit using EUR SEPA.

5. Monitoring the status of transactions.

To use our mobile app to check the status of your deposit, you must:

  • Click the "History" button after selecting the "Wallet" tab.
How to Deposit and Trade Crypto at WhiteBIT
  • Locate the desired transaction by selecting the "Deposit" tab.

 How to Deposit and Trade Crypto at WhiteBIT
Important: The crediting of your deposit to your account may take up to 7 business days. If, after this time, your balance has not been restored, you should get in touch with our support staff. To make this happen, you can:

 

How to Make a Deposit on WhiteBIT via Nixmoney

NixMoney is the first payment system that supports Bitcoin and other cryptocurrencies and operates in the anonymous TOR network. With NixMoney e-wallet, you can quickly top up your WhiteBIT balance in EUR and USD national currencies. 

1. After choosing the preferred currency, click Deposit. Depending on the method selected, fees might be involved.
How to Deposit and Trade Crypto at WhiteBIT
2. In the "Amount" field, enter the amount of the deposit. Click Proceed.
How to Deposit and Trade Crypto at WhiteBIT
3. After connecting your wallet to NixMoney, select Next.
How to Deposit and Trade Crypto at WhiteBIT

How to Deposit and Trade Crypto at WhiteBIT
4. To request a transfer of funds from your NixMoney account to your exchange balance, click Pay.
How to Deposit and Trade Crypto at WhiteBIT
5: The money will be credited in a short while. Note that, in rare circumstances, the procedure may take up to thirty minutes.

How to Deposit National Currencies on WhiteBIT with Advcash E-wallet?

Advcash is a versatile payment gateway. You can easily top off your balance on our exchange in national currencies (EUR, USD, TRY, GBP, and KZT) by using this service. Let’s begin by opening an Advcash account:

1. Fill out all the registration-related information.

2. Verify your identity in order to use all wallet features. Verification of the phone number, selfie, and ID photo are all included. This procedure could take a while.
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
3. Input the amount you want to top off. Select the Visa or Mastercard that you want to use to make the deposit.
How to Deposit and Trade Crypto at WhiteBIT
4. Become familiar with the card’s requirements and the fee that will be subtracted from the total.
How to Deposit and Trade Crypto at WhiteBIT
5. Verify the action and enter the card information.
How to Deposit and Trade Crypto at WhiteBIT
6. An email will be sent to you for further card verification. Click the link to submit a picture of the card. It takes some time to verify this.
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
The deposit amount will be added to the state currency wallet of your choice.
How to Deposit and Trade Crypto at WhiteBIT
After that, go back to the exchange:

  • On the home page, select "Deposit".
  • Select a country’s currency, such as the Euro (EUR).
  • Pick the Advcash E-wallet from the available top-up options.
  • Input the additional amount. You’ll be able to see how much the fee will credit. Select "Proceed".
How to Deposit and Trade Crypto at WhiteBIT

7. Open your Advcash account by clicking "GO TO PAYMENT" and logging in. Check the payment information after logging in, then click "LOG IN TO ADV". An email to confirm this payment will be sent to you.
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
8
. In the letter, select "CONFIRM". Click "CONTINUE" to finish the transaction by going back to the payment page.
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT
When you go back to the "Balances" section, you’ll see that the Advcash E-wallet has successfully credited your Main balance.

Easily top off your balance and trade based on your own terms!

Frequently Asked Questions

Why must I enter a tag/memo when making a cryptocurrency deposit, and what does it mean?

A tag, also known as a memo, is a special number that is linked to every account in order to recognize deposits and credit the relevant account. For some cryptocurrency deposits, like BNB, XEM, XLM, XRP, KAVA, ATOM, BAND, EOS, etc., to be successfully credited, you must enter the corresponding tag or memo.
 

What is the difference between Crypto Lending and Staking?

Crypto Lending is an alternative to a bank deposit, but in cryptocurrency and with more features. You store your cryptocurrency on WhiteBIT, and the exchange uses your assets in margin trading.

At the same time, by investing your cryptocurrency in Staking, you participate in various network functions in exchange for a reward (fixed or in the form of interest). Your cryptocurrency becomes part of the Proof-of-Stake process, meaning it provides verification and protection for all transactions without the involvement of a bank or payment processor, and you get rewarded for it.
 

How are the payments being ensured and where is the guarantee that I will receive anything?

By opening a plan, you provide liquidity to the exchange by partially contributing to its funding. This liquidity is used to engage traders. Cryptocurrency funds that users store on WhiteBIT in Crypto Lending provide margin and futures trading on our exchange. And users trading with leverage pay a fee to the exchange. In return, depositors earn a profit in the form of interest; this is the commission that traders pay for using leveraged assets.

Crypto Lending of assets that do not participate in margin trading is secured by the projects of these assets. We also emphasize that security is the foundation of our service. 96% of assets are stored in cold wallets, and WAF ("Web Application Firewall") blocks hacker attacks, ensuring the safe storage of your funds. We have developed and are constantly improving an advanced monitoring system to prevent incidents, for which we have received a high cybersecurity rating from Cer.live.
 

Which payment methods does WhiteBIT support?

  • Bank transfers
  • Credit cards
  • Debit cards
  • Cryptocurrencies

The availability of specific payment methods depends on your country of residence.
 

What fees are associated with using WhiteBIT?

  • Trading fees: WhiteBIT imposes a fee for each trade executed on the platform. The exact fee varies depending on the cryptocurrency being traded and the trade volume.
  • Withdrawal fees: WhiteBIT charges a fee for every withdrawal made from the exchange. The withdrawal fee is contingent upon the specific cryptocurrency being withdrawn and the withdrawal amount.

How to Trade Crypto on WhiteBIT

What is Spot Trading?

What is Spot Trading in Cryptocurrency

Spot trading entails, to put it simply, buying and selling cryptocurrencies at the current market price, on the spot.

"Spot" in this sense refers to the actual physical exchange of assets whereby ownership is changed. In contrast, with derivatives such as futures, the transaction takes place at a later time.

The spot market enables you to transact in situations where the seller instantly sells you cryptocurrency after you purchase a specific quantity of it. Both parties can quickly and in real-time obtain the desired assets thanks to this instantaneous exchange. Thus, without the need for futures or other derivative instruments, trading in the cryptocurrency spot market allows for the instantaneous purchase and sale of digital assets.
 

How Does Crypto Spot Trading Work?

Transaction settlements take place "on the spot" or instantaneously, which is why spot trading got its name. Furthermore, this idea frequently incorporates the roles of an order book, sellers, and buyers.

It’s easy. While buyers submit an order to buy an asset at a specific buying price (known as the Bid), sellers place an order with a specific selling price (known as the Ask). The bid price is the lowest amount a seller is willing to take as payment, and the asking price is the maximum amount a buyer is willing to pay.

An order book with two sides—the bid side for buyers and the ask side for sellers—is used to record orders and offers. For example, the instantaneous recording of a user’s order to purchase Bitcoin occurs on the bid side of the order book. When a seller provides the precise specification, the order is fulfilled automatically. Potential buyers are represented by the green (bids) orders, and potential sellers are represented by the red (asks) orders.
 

Pros and Cons of Crypto Spot Trading

Spot trading cryptocurrencies has benefits and drawbacks, just like any other trading strategy.

Pros:

  • Simpleness: Both medium- and long-term investment strategies can be successful in this market. Without having to worry about commissions for holding a position, contract expiration dates, or other issues, you can hold onto the cryptocurrency for a long time and wait for its price to rise.


One of the most important distinctions between spot and futures trading in cryptocurrency is this.
 

  • Speed and Liquidity: It makes it possible to sell an asset fast and effortlessly without depressing its market value. A trade can be opened and closed at any moment. This enables profitable responses to fluctuations in rates in a timely manner.
  • Transparency: Spot market prices are determined by supply and demand and are based on current market data. Spot trading doesn’t require extensive knowledge of derivatives or finance. The fundamental ideas of trading can help you get started.


Cons:

  • No leverage: Since spot trading doesn’t offer this kind of instrument, all you can do is trade with your own money. Sure, this lowers the likelihood of profits, but it also has the potential to lower losses.
  • Unable to initiate short positions: Put another way, you are unable to profit from declining prices. Making money therefore becomes more difficult during a bear market.
  • No hedging: Unlike with derivatives, spot trading does not allow you to hedge market price fluctuations.

How to Trade Spot on WhiteBIT (Web)

A spot trade is a straightforward exchange of goods and services at the going rate, also referred to as the spot price, between a buyer and a seller. When the order is filled, the trade happens right away.

With a limit order, users can schedule spot trades to execute when a particular, better spot price is reached. Using our trading page interface, you may execute spot trades on WhiteBIT.

1. To access the spot trading page for any cryptocurrency, simply click on [Trade]-[Spot] from the homepage
How to Deposit and Trade Crypto at WhiteBIT
2. At this point, the trading page interface will appear. You will now find yourself on the trading page interface.
How to Deposit and Trade Crypto at WhiteBIT

  1. Trading volume of a trading pair in 24 hours.
  2. Candlestick chart and Market Depth.
  3. Sell/Buy order book.
  4. Your latest completed transaction.
  5. Type of order: Limit/Market/Stop-Limit/Stop-Market/Multi-Limit.
  6. Your Order History, Open Orders, Multi-Limits, Trade history, Positions, Position history, Balances, and Borrows.
  7. Buy Cryptocurrency.
  8. Sell Cryptocurrency.

To buy or sell your first cryptocurrency on the WhiteBIT Spot Market, go over all the requirements and follow the steps.

Requirements: To familiarize yourself with all of the terms and concepts used below, please read through the entire Getting Started and Basic Trading Concepts articles.

Procedure: You have a choice of five order types on the Spot Trading Page.

Limit Orders: What is a Limit Orders

A limit order is an order that you place on the order book with a specific limit price. It will not be executed immediately, like a market order. Instead, the limit order will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or sell at a higher price than the current market price.

For example, you place a buy limit order for 1 BTC at $60,000, and the current BTC price is 50,000. Your limit order will be filled immediately at $50,000, as it is a better price than the one you set ($60,000).

Similarly, if you place a sell limit order for 1 BTC at $40,000 and the current BTC price is $50,000. The order will be filled immediately at $50,000 because it is a better price than $40,000.
 

Market Order Limit Order
Purchases an asset at the market price Purchases an asset at a set price or better
Fills immediately Fills only at the limit order’s price or better
Manual Can be set in advance

1. Click "Limit" on the spot trading page.
How to Deposit and Trade Crypto at WhiteBIT
2. Set your desired Limit Price.

3. 
Click Buy/Sell to display a confirmation window.
How to Deposit and Trade Crypto at WhiteBIT
4. Click the Confirm button to place your order.
How to Deposit and Trade Crypto at WhiteBIT
NOTE: You can enter the amount to receive in USDT or the amount to spend in your symbol or coin.

Market Orders: What is Market Orders

When you place an order for a market order, it is immediately executed at the going rate. It can be used to place orders for both purchases and sales.

To place a buy or sell market order, choose [Amount]. You can enter the amount directly, for instance, if you wish to purchase a specific amount of Bitcoin. However, if you wish to purchase Bitcoin with a specific sum of money, say $10,000 USDT.

1. From the Order Module on the right side of the page, select Market.
How to Deposit and Trade Crypto at WhiteBIT
2. From the drop-down menu below the Limit Price, select either USDT to enter the amount you wish to spend or select your Symbol/Coin to enter the amount you wish to receive.

3. Click Buy/Sell to display a confirmation window.
How to Deposit and Trade Crypto at WhiteBIT
4. Click the Confirm button to place your order.
How to Deposit and Trade Crypto at WhiteBIT
NOTE: You can enter the amount to receive in USDT or the amount to spend in your symbol or coin.

What is Stop-Limit Function

A limit order with a stop price and a limit price is known as a stop-limit order. The limit order will be entered into the order book when the stop price is reached. The limit order will be carried out as soon as the limit price is reached.
  • Stop price: The stop-limit order is executed to buy or sell the asset at the limit price or better when the asset’s price reaches the stop price.
  • The chosen (or possibly better) price at which the stop-limit order is carried out is known as the limit price.

Both the limit and stop prices can be set at the same cost. For sell orders, it is advised that the stop price be marginally higher than the limit price. A safety gap in price between the moment the order is triggered and when it is fulfilled will be made possible by this price difference. For buy orders, the stop price can be set marginally below the limit price. Additionally, it will lessen the possibility that your order won’t be fulfilled.

Please be aware that your order will be executed as a limit order once the market price hits your limit price. Your order might never fill if you set the take-profit or stop-loss limits too low or too high, respectively, because the market price will never be able to hit the limit price you have set.

 

1. Choose Stop-Limit from the Order Module on the right side of the screen.
How to Deposit and Trade Crypto at WhiteBIT
2. Choose USDT to enter the amount you want to spend, or choose your symbol/coin to enter the amount you want to receive along with the Stop Price in USDT, from the drop-down menu beneath the Limit Price. The total might then show up in USDT.

3. Tap Buy/Sell to display a confirmation window.
How to Deposit and Trade Crypto at WhiteBIT
4. Click on the "Confirm" button to submit your purchase/sale.
How to Deposit and Trade Crypto at WhiteBIT

Stop-Market

1. From the Order Module on the right side of the page, select Stop-Market.
How to Deposit and Trade Crypto at WhiteBIT
2. From the drop-down menu below the Limit Price, select either USDT to enter the amount you wish to Stop and you might see the total in USDT.

3. Choose Buy/Sell to display a confirmation window.
How to Deposit and Trade Crypto at WhiteBIT
4. Choose the Confirm button to place your order.
How to Deposit and Trade Crypto at WhiteBIT

Multi-Limit

1. From the Order Module on the right side of the page, select Multi-Limit.
How to Deposit and Trade Crypto at WhiteBIT
2. From the drop-down menu below the Limit Price, select either USDT to enter the amount you wish to Limit. Choose the Price progression and the Quantity of orders. Then the total may appear in USDT
How to Deposit and Trade Crypto at WhiteBIT
3. Click Buy/Sell to display a confirmation window. Then press the Confirm X orders button to place your order.
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT

How to Trade Spot on WhiteBIT (App)

1. Log in to the WhiteBIT App, and click on [Trade] to go to the spot trading page.

How to Deposit and Trade Crypto at WhiteBIT
2. Here is the trading page interface.
How to Deposit and Trade Crypto at WhiteBIT
  1. Market and Trading pairs.
  2. Real-time market candlestick chart, supported trading pairs of the cryptocurrency, “Buy Crypto” section.
  3. Buy/Sell BTC Cryptocurrency.
  4. Sell/Buy order book.
  5. Orders.
 

Limit Orders: What is a Limit Order

A limit order is an order that you place on the order book with a specific limit price. It will not be executed immediately, like a market order. Instead, the limit order will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or sell at a higher price than the current market price.

For example, you place a buy limit order for 1 BTC at $60,000, and the current BTC price is 50,000. Your limit order will be filled immediately at $50,000, as it is a better price than the one you set ($60,000).

Similarly, if you place a sell limit order for 1 BTC at $40,000 and the current BTC price is $50,000. The order will be filled immediately at $50,000 because it is a better price than $40,000.
 

Market Order Limit Order
Purchases an asset at the market price Purchases an asset at a set price or better
Fills immediately Fills only at the limit order’s price or better
Manual Can be set in advance

1. Launch the WhiteBIT App, then sign in with your credentials. Select the Markets icon located in the lower navigation bar.

How to Deposit and Trade Crypto at WhiteBIT

2. To view a list of every spot pair, tap the Favorite menu (the star) in the upper left corner of the screen. The ETH/USDT pair is the default choice.

NOTE: To view all pairs, select the All tab if the list’s default view is Favorites.

How to Deposit and Trade Crypto at WhiteBIT

3. Choose the pair that you want to exchange. Either tap the Sell or Buy button. Select the Limit Order tab located in the screen’s center.

How to Deposit and Trade Crypto at WhiteBIT

4. In the Price field, enter the price you want to use as a limit order trigger.

In the Amount field, enter the target cryptocurrency’s value (in USDT) that you want to order.

NOTE: A counter will show you how much of the target cryptocurrency you will receive as you enter an amount in USDT. As an alternative, you can select by Quantity. You can then enter the desired amount of the target cryptocurrency, and the counter will show you how much it costs in USDT.

How to Deposit and Trade Crypto at WhiteBIT

5. Press the Buy BTC icon.

How to Deposit and Trade Crypto at WhiteBIT

6. Until your limit price is reached, your order will be recorded in the order book. The Orders section of the same page displays the order and the amount of it that has been filled.
 

Market Orders: What is Market Order

When you place an order for a market order, it is immediately executed at the going rate. It can be used to place orders for both purchases and sales.

To place a buy or sell market order, choose [Amount]. You can enter the amount directly, for instance, if you wish to purchase a specific amount of Bitcoin. However, if you wish to purchase Bitcoin with a specific sum of money, say $10,000 USDT.

1. Launch the WhiteBIT app and enter your account information. Select the Markets icon located in the lower navigation bar.

How to Deposit and Trade Crypto at WhiteBIT

2. Tap the Favorite menu (the star) in the top left corner of the screen to see a list of every spot pair. The default option is the BTC/USDT pair.

NOTE: To view all pairs, select the All tab if the list’s default view is Favorites.

How to Deposit and Trade Crypto at WhiteBIT

3. To buy or sell, click the Buy/Sell button.

How to Deposit and Trade Crypto at WhiteBIT

4. Enter the target cryptocurrency’s value (in USDT) in the Amount field to place the order.

NOTE: A counter will show you how much of the target cryptocurrency you will receive as you enter an amount in USDT. Alternatively, you can choose based on Quantity. Next, you can input the desired amount, and the counter will display the USDT price for you to see.

How to Deposit and Trade Crypto at WhiteBIT

5. Press the Buy/Sell BTC button.

How to Deposit and Trade Crypto at WhiteBIT

6. Your order will be immediately executed and filled at the best available market price. You can now see your updated balances on the Assets page.
How to Deposit and Trade Crypto at WhiteBIT

What is Stop-Limit Function

A limit order with a stop price and a limit price is known as a stop-limit order. The limit order will be entered into the order book when the stop price is reached. The limit order will be carried out as soon as the limit price is reached.
  • Stop price: The stop-limit order is executed to buy or sell the asset at the limit price or better when the asset’s price reaches the stop price.
  • The chosen (or possibly better) price at which the stop-limit order is carried out is known as the limit price.
Both the limit and stop prices can be set at the same cost. For sell orders, it is advised that the stop price be marginally higher than the limit price. A safety gap in price between the moment the order is triggered and when it is fulfilled will be made possible by this price difference. For buy orders, the stop price can be set marginally below the limit price. Additionally, it will lessen the possibility that your order won’t be fulfilled.

Please be aware that your order will be executed as a limit order once the market price hits your limit price. Your order might never fill if you set the take-profit or stop-loss limits too low or too high, respectively, because the market price will never be able to hit the limit price you have set.
 

1. From the Order Module on the right side of the screen, select Stop-Limit.
How to Deposit and Trade Crypto at WhiteBIT
2. From the drop-down menu under the Limit Price, select USDT to enter the amount you want to spend, or select your symbol/coin to enter the amount you want to receive along with the Stop Price in USDT. At that point, the total may appear in USDT.
How to Deposit and Trade Crypto at WhiteBIT
3. To see a confirmation window, tap Buy/Sell BTC.
How to Deposit and Trade Crypto at WhiteBIT
4. Press the "Confirm" button to finish the sale or purchase.
How to Deposit and Trade Crypto at WhiteBIT

Stop-Market

1. Choose Stop-Market from the Order Module located on the right side of the screen.
How to Deposit and Trade Crypto at WhiteBIT
2. Choose USDT from the drop-down menu beneath the Limit Price to enter the desired Stop amount; the total may appear in USDT.
How to Deposit and Trade Crypto at WhiteBIT
3. Select Buy/Sell BTC to see a window confirming the transaction.
How to Deposit and Trade Crypto at WhiteBIT
4. Select the "Confirm" button to submit your purchase.
How to Deposit and Trade Crypto at WhiteBIT

Multi-Limit

1. Choose Multi-Limit from the Order Module on the right side of the screen.
How to Deposit and Trade Crypto at WhiteBIT
2. Choose either USDT from the drop-down menu beneath the Limit Price to enter the amount you want to limit. Select the order quantity and the price progression. The total might then show up in USDT
How to Deposit and Trade Crypto at WhiteBIT
3. To see a confirmation window, click Buy/Sell BTC. Then, to submit your order, click the Place "X" orders button.
How to Deposit and Trade Crypto at WhiteBIT
How to Deposit and Trade Crypto at WhiteBIT

Frequently Asked Questions (FAQ)

Crypto Spot Trading vs. Margin Trading: What’s the Difference?

Spot Margin
Profit  In a bull market, provided, the price of the asset rises. In both bull and bear markets, provided, the price of an asset rises or falls.
Leverage Not available Available
Equity  Requires the full amount to purchase assets physically. Requires only a fraction of the amount to open a leveraged position. On margin trading, the maximum leverage is 10x.
 

Spot Crypto Trading vs. Futures Trading: What’s the Difference?

Spot Futures
Availability of Asset Purchasing real cryptocurrency assets. Purchasing contracts based on cryptocurrency’s price, with no physical transfer of assets.
Profit In a bull market, provided, the price of the asset rises. In both bull and bear markets, provided, the price of an asset rises or falls.
Principle  Buy an asset cheaply and sell it expensively. Betting on the upside or downside of an asset’s price without actually buying it.
Time horizon Long Term / Medium Term Investments. Short-term speculation, which can range from minutes to days.
Leverage Not available Available
Equity Requires the full amount to purchase assets physically. Requires only a fraction of the amount to open a leveraged position. On futures trading, the maximum leverage is 100x.
 

Is Crypto Spot Trading Profitable?

For investors who have a well-thought-out strategy, are aware of market trends, and can judge when to buy and sell assets, spot trading can be profitable.

The following factors mostly affect profitability:
  • Erratic behavior. This implies that there could be sharp price swings in a brief amount of time, resulting in large profits or losses.
  • Abilities and expertise. Trading cryptocurrencies successfully calls for in-depth analysis, strategic planning, and market knowledge. Making educated judgments can be aided by having technical and fundamental analysis skills.
  • Methodology. Profitable trading requires a strategy that is in line with investment goals and risks.
In summary, spot cryptocurrency trading is mainly intended for individuals who have faith in the long- and medium-term potential of cryptocurrencies. As such, it requires risk management abilities, discipline, and patience.