Software Alternatives & Reviews

Kraken VS WhiteBIT

Compare Kraken VS WhiteBIT and see what are their differences

Kraken logo Kraken

One of the largest and oldest Bitcoin exchanges in the world, Kraken is consistently named one of the best places to buy and sell crypto online, thanks to our excellent service, low fees, versatile funding options and rigorous security standards

WhiteBIT logo WhiteBIT

Founded in 2018 in Ukraine, WhiteBIT is one of the biggest European centralized cryptocurrency exchanges. It boasts 350+ trading pairs, 270+ assets, 10+ state currencies, and a daily trading volume surpassing $2.5 billion.
Not present
  • WhiteBIT Landing page
    Landing page //
    2023-11-07

Fees

Spot trading fees. The trading fees can vary for some pairs, but it never exceeds 0.1%: 0.1% for both Maker and Taker; Futures trading fees. The trading fees can vary for some pairs, but it never exceeds 0.035%: 0.035% for Maker and 0.1% for Taker; Daily fee for using funds in margin, futures trading and borrowing: 0.0585%.

WhiteBIT Earn

WhiteBIT Earn offers a chance for passive earnings through long-term investment in digital assets via Crypto Lending.

Crypto Lending

Crypto Lending offers a contemporary alternative to traditional bank deposits. It involves entrusting your digital assets to WhiteBIT, which stores them and returns to you after a set period, along with a higher interest rate.

The annual interest rates on storage offered by this tool are among the most competitive in the global market. For example, you can earn up to 18.64% USDT per year.

Сhoose from 35+ assets and periods from 10 to 365 days. The interest you receive depends on the chosen period. You can open multiple plans at the same time; Every plan has a min and max amount. You can deposit extra funds only after the plan is opened; Once you place assets in Crypto Lending, you cannot use or trade them. They will be visible in the History tab; Access attachments quickly, either open or close them within minutes. Withdraw digital asset deposits anytime, but without earning interest.

Futures and Margin Trading

WhiteBIT offers a variety of futures pairs for trading (with x50 and x100 leverage), as well as margin trading (with up to 10x leverage). The positions are secured through a cross-margin account.

Kraken

Website
kraken.com
Pricing URL
-
$ Details
Platforms
-
Release Date
-

WhiteBIT

$ Details
free
Platforms
Https://ws.exchange Https://whitepay.com Https://whitebit.com Https://whitebit.com/earn Https://whitechain.io Https://whitebit.com/wbt
Release Date
2018 November

Kraken features and specs

No features have been listed yet.

WhiteBIT features and specs

  • Crypto Lending: up to 18.64% per year for USDT
  • Margin trading: Daily fee for using funds in margin trading and borrow 0.0585%; up to x10 leverage
  • Futures trading: 0.035% Taker fee, 0.01% Maker fee; x50, x100 Futures leverage
  • Spot trading: 0.1% Taker 0.1% Maker

Kraken videos

BEST CRYPTO EXCHANGE? Coinbase Pro Vs. Kraken 🥊

More videos:

  • Review - Kraken Exchange Review
  • Review - Kraken Bitcoin & Crypto Exchange REVIEW - Is It Trustworthy in 2021?

WhiteBIT videos

Mastering Margin Trading: A Brief Tutorial For Traders!

More videos:

  • Tutorial - How to Top Up Your Balance on WhiteBIT With Checkout Visa or Mastercard?
  • Tutorial - Spot trading on WhiteBIT. How to open an order to buy or sell?
  • Tutorial - How to Quickly Exchange Assets on WhiteBIT? Step-By-Step Guide
  • Tutorial - How to top up the balance on WhiteBIT via SEPA bank transfer?

Category Popularity

0-100% (relative to Kraken and WhiteBIT)
Cryptocurrencies
97 97%
3% 3
Crypto
96 96%
4% 4
Cryptocurrency Exchange
Cryptocurrency Wallets
100 100%
0% 0

Questions and Answers

As answered by people managing Kraken and WhiteBIT.

What makes your product unique?

WhiteBIT's answer:

WhiteBIT stands out with its comprehensive and user-friendly platform that caters to both seasoned traders and newcomers in the cryptocurrency space. The exchange offers an array of features, including spot and margin trading, futures, and WhiteBIT Codes, providing secure and fee-free asset transfers. Its commitment to security, fast customer support, and support for various cryptocurrencies make it a unique choice for traders seeking a reliable and innovative trading experience. With a focus on user convenience and cutting-edge technology, WhiteBIT continues to be a standout player in the cryptocurrency exchange market.

Why should a person choose your product over its competitors?

WhiteBIT's answer:

Choosing WhiteBIT over its competitors offers numerous advantages. The exchange boasts a user-friendly interface, making it ideal for both beginners and experienced traders. With a wide range of cryptocurrencies available for trading, users can diversify their portfolios effortlessly. WhiteBIT's commitment to security ensures peace of mind for users, with 96% of assets stored in cold wallets. Additionally, the platform's fast and efficient customer support resolves queries promptly. High liquidity and low trading fees further enhance the trading experience. Whether you're a seasoned trader or just starting, WhiteBIT's reliability, transparency, and cutting-edge features make it a compelling choice in the competitive cryptocurrency exchange landscape.

How would you describe your primary audience?

WhiteBIT's answer:

Our primary audience consists of diverse individuals and entities deeply interested in the world of cryptocurrencies and digital assets. These enthusiasts, ranging from novice investors to seasoned traders, share a passion for exploring the dynamic and ever-evolving crypto landscape. They are eager to discover new investment opportunities, engage in spot and margin trading, and seek ways to leverage their assets effectively.

Furthermore, our audience includes tech-savvy individuals who value innovation, security, and cutting-edge technology. They are drawn to the convenience of our platform, seeking a user-friendly interface that facilitates seamless navigation and smooth transactions. These individuals understand the significance of staying informed and up-to-date with the latest market trends and developments.

Beyond individual traders, WhiteBIT also caters to various crypto-based projects and businesses, such as blockchain startups, decentralized applications, and crypto-based companies. Our platform offers them a secure and reliable venue to list and promote their digital assets, while also accessing essential liquidity for their projects.

Our primary audience is international in scope, hailing from various corners of the globe. They appreciate the multi-language support we offer, ensuring that language barriers do not hinder their trading experience. Moreover, they value our compliance with regulatory standards, providing an environment of trust and transparency.

In summary, our primary audience comprises forward-thinking individuals, traders, and businesses seeking a sophisticated yet accessible platform to engage with the world of cryptocurrencies. We are committed to meeting their diverse needs and empowering them to navigate the crypto space with confidence and success.

What's the story behind your product?

WhiteBIT's answer:

The story behind WhiteBIT begins with a vision to create a reliable and innovative cryptocurrency exchange that caters to the needs of the global crypto community. Founded by a team of experienced professionals in the blockchain and financial industries from Ukraine, WhiteBIT was established with a clear mission in mind: to provide a secure, user-friendly, and feature-rich platform for trading digital assets.

The journey of WhiteBIT started with extensive research and development, focusing on building a robust infrastructure that ensures top-notch security and performance in 2018. From the very beginning, the team was driven by the desire to offer a trustworthy exchange that instills confidence in its users. The CEO is Volodymyr Nosov, Vice President Kovalov Oleksii.

As the platform grew and gained traction, WhiteBIT continued to expand its offerings and services. By listening to user feedback and staying abreast of the rapidly evolving crypto landscape, the exchange adapted and introduced new features to enhance the trading experience. Thus, today the company offers spot, margin, and futures trading services, the ability to use a cryptocurrency deposit, and free transfers between the company's platforms using WhiteBIT Codes.

One of the key factors behind WhiteBIT's success is its unwavering commitment to compliance and regulatory standards. The team recognizes the importance of establishing a transparent and legally compliant environment, which has earned the trust of both individual traders and crypto-based businesses. Thus, the website has implemented a tool that allows checking a crypto address for involvement in illegal activities (AML checker).

Over time, WhiteBIT has evolved into a global exchange, attracting a diverse community of crypto enthusiasts, traders, and blockchain projects. Its international reach and multi-language support have made it a preferred choice for users from different parts of the world.

The story of WhiteBIT is one of determination, adaptability, and a relentless pursuit of excellence. As the crypto industry continues to evolve, WhiteBIT remains dedicated to its founding principles of security, transparency, and innovation, making it a trusted platform for anyone seeking to explore the world of digital assets.

Which are the primary technologies used for building your product?

WhiteBIT's answer:

WhiteBIT utilizes a cutting-edge tech stack to power its cryptocurrency exchange platform. The primary technologies used in building WhiteBIT include:

Security Infrastructure: WhiteBIT places a strong emphasis on security, employing advanced security technologies such as SSL encryption, two-factor authentication (2FA), and cold wallet storage to safeguard user funds and personal data.

Cloud Computing: The exchange leverages cloud computing to ensure high availability, scalability, and efficient resource allocation, providing users with a seamless trading experience even during periods of high demand.

High-Frequency Trading (HFT) Engine: WhiteBIT employs a sophisticated HFT engine to facilitate lightning-fast order matching and execution, enabling users to access real-time market data and execute trades swiftly.

Microservices Architecture: The platform is built on a microservices architecture, allowing for modularity and flexibility in developing and deploying new features and functionalities, while also ensuring easier maintenance and updates.

Blockchain Integration: WhiteBIT supports a wide range of blockchain assets, and its architecture includes blockchain integration to process transactions securely and efficiently.

RESTful APIs: WhiteBIT offers comprehensive RESTful APIs that enable seamless integration with third-party applications, providing developers and traders with easy access to the exchange's functionalities.

Websockets: The use of Websockets enables real-time data streaming, ensuring users have access to live market updates, order book changes, and trading activities.

Machine Learning: WhiteBIT employs machine learning algorithms to enhance security, detect suspicious activities, and prevent potential fraud or attacks, thereby further protecting user assets.

Data Analytics: Advanced data analytics tools are utilized to monitor trading patterns, user behavior, and market trends, providing valuable insights for users to make informed trading decisions.

By leveraging these cutting-edge technologies, WhiteBIT strives to deliver a secure, efficient, and user-friendly trading environment, enhancing the overall trading experience for its global community of users.

User comments

Share your experience with using Kraken and WhiteBIT. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Kraken and WhiteBIT

Kraken Reviews

6 Best Coinbase Alternatives for 2022
Kraken, unlike Gemini, markets itself directly to daily traders who do not necessarily need advanced derivatives. Kraken feels like a more approachable Binance. Its inclusion of live support leads the market and makes it a preferred choice for investors new to crypto.
Best Online Brokers for Bitcoin Trading
Kraken - Kraken.com Kraken uses a maker-taker fee schedule with price incentives based on your trading volume over the last 30 days. For example, the average customer who trades less than $50,000 a month will pay $2.60 in fees for every $1,000 in trading volume. Fees for market makers range between 0% and 0.16%, while fees for takers range from 0.10% to 0.26%. This fee...

WhiteBIT Reviews

We have no reviews of WhiteBIT yet.
Be the first one to post

Social recommendations and mentions

Based on our record, Kraken seems to be a lot more popular than WhiteBIT. While we know about 178 links to Kraken, we've tracked only 1 mention of WhiteBIT. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Kraken mentions (178)

  • Daily General Discussion - June 20, 2023 (GMT+0)
    You can use kraken.com if you prefer a more beginner-friendly interface, or you can use the pro.kraken.com interface for a more professional trading experience. Source: 11 months ago
  • Scammer Watches $455K Vanish After Wasting 1 Year
    The money wasn't real. Kraken built me a custom environment that made the scammer BELIEVE it was real since it said "kraken.com" on my computer. I also spent hours and hours talking to him and building up the story. Source: 11 months ago
  • Are Bitcoin staking rewards reinvested?
    What the title says, are bitcoin rewards from staking reinvested. Or where are they? Are they paid in fiat or in bitcoin? I assume it's being reinvested because I don't have any money or bitcoin in the account itself. But I'm also looking at some confirmation in writing in kraken.com but I can't see anything. Source: 11 months ago
  • unstaked eth
    Same boat: seems unstaking began & ended 17-APR according to the "Ledger" entries I see on kraken.com, but (1) I still have some relatively small amount of ETH2.S listed as "Staking, Rewards", and (2) despite having 13+ ETH in my Spot wallet, I can only withdraw 0.81856. Would expect to have ALL ETH2.S unstaked (regardless of reward v purchased), and be able to withdraw 100%. What am I missing? Source: about 1 year ago
  • Changing leverage on mobile app
    Thanks for reaching out to us with this question. It can be a bit confusing. The Kraken Pro app doesn't currently support the ability to set your own leverage. There you are only able to move the balance you want to use. If you want to adjust the leverage, you can opt to use our classic interface on the web. There you can access the Advanced Order form which will offer you leverage flexibility. Source: about 1 year ago
View more

WhiteBIT mentions (1)

  • Is crypto lending a good low-risk option to explore? Has anyone tried it?
    I looked up the profit options on the crypto exchange I'm currently using, and it seems that with crypto lending, I'll get over 17% profit in a year (I've registered at https://whitebit.com/ if that matters, although I think most of them offer pretty much the same services). Source: 6 months ago

What are some alternatives?

When comparing Kraken and WhiteBIT, you can also consider the following products

Coinbase - Bitcoin, safe and easy.

Binance - Cryptocurrencies exchange platform

Exodus.io - All-in-one app to secure, manage and exchange blockchain assets.

OKEx - OKEx is the largest cryptocurrency exchanges in the world and offers fiat-to-crypto and crypto-to-crypto trading on more than 100 cryptocurrencies.

Electrum - Electrum is an easy to use Bitcoin client.

Kucoin - Find the Next #Crypto Gem on #KuCoin, the People's Exchange