How to Buy Cryptocurrency on WhiteBIT?

WhiteBIT
Published 24 January 2023
138
How to Buy Cryptocurrency on WhiteBIT?

Content

Crypto trading on our exchange is easy, even for a beginner. Before buying digital assets, you must take several essential steps. Let’s start with creating an account.

Registration

To create an account:

1. Click “Sign up” in the upper right corner of the site.

2. Enter your e-mail address. Create a strong password of at least eight characters with one lowercase letter, one uppercase letter, a number, and a unique character.

3. Add an ID by clicking on “‎+ Referral code.”

4. Read and agree to our Terms of Use and Privacy Policy. Confirm that you are not a citizen or resident of the prohibited territories.

5. Click on the “Continue” button and enter the CAPTCHA if necessary.

6. Verify your e-mail with the code we sent you. Request a new letter if the code has yet to arrive within a minute. Enable two-factor authentication (2FA) at will.

7. Use your credentials to log into your account, and don’t share this data.

Verification (KYC)

KYC (Know Your Customer) verification is required to combat money laundering and tax evasion. For the user, this means the security of his assets and the privacy of his data. Failure to verify will result in limited trading for you. To do that:

  • Go to “‎Account settings” and open the “Verification” section.
  • Fill out the form without skipping the required fields.
  • Upload a clear photo of your identity documents: passport, international passport, ID card, or driver’s license. Don’t crop or edit the photo.
  • Take a selfie with a document and a piece of paper with “WhiteBIT.com” and the date of application.
  • Wait for the results. Follow the request status in the “Verification” section.

Deposit

Before buying crypto, you need to deposit funds into your account. You can deposit each asset on the “‎Total” or “‎Main” balance pages. To deposit the state currency, for example, the US dollar (USD):

1. Click “Balances” in the main menu of the site.

2. Choose “Total” or “Main.”

3. Find the currency by the ticker USD and click on the “Deposit” button.

4. In the form, select the payment system with the help of which you will deposit crypto.

5. Enter the sum (fee will be deducted) and click the “Request” button. You will automatically appear on the page for payment. The average time of depositing funds is from 1 to 60 minutes.

6. Or make deposits in EUR and USD with Checkout.com by selecting Visa/Mastercard, entering your card details and full name, and confirming the payment.

7. Follow the interface hints.

Let’s take Tether (USDT) as an example to deposit crypto:

  • Click “Balances” in the main menu of the site.
  • Choose “Total” or “Main.”
  • Find the currency by the ticker USDT and click on the “Deposit” button.
  • In the form, select the network with the help of which you will deposit crypto.
  • Copy the deposit address (with the button or via the QR code) and use it in your external wallet.
  • Please pay attention to the minimum deposit amount and fee. The average time of depositing funds is from 10 to 15 minutes.

Buying crypto

There are two ways to buy crypto on the platform. These are exchange and trading.

Exchange

The cryptocurrency exchange is the easiest way to buy crypto. Ensure you have sufficient funds on your Trading balance. For that, transfer them from the Main to the Trading balance:

  • Click “Transfer” opposite the desired currency in the Main balance section.
  • Enter the desired amount and click “Confirm transfer.”

To exchange crypto for another asset or state currency and vice versa:

1. Go to the “Trading” section, select “Quick Exchange” and the necessary pair. Use the search bar to find the asset you need faster.

2. Enter the amount to exchange in the “I give” field. The “I receive” field will be filled in automatically.

3. Press the “Exchange” button, then “Yes.” Find all exchange transactions on the “History” page.

4. After the exchange, funds will accrue to your Trading balance instantly.

Trading

To buy:

1. Transfer your funds from the Main to the Trading balance.

2. Go to the Main balance section and click “Transfer” opposite the desired currency.

3. Enter your amount and click “Confirm transfer.”

4. Click on the “Trading” section and select “Spot.”

5. In the “Market” window, select a pair (for example, BTC/USDT).

6. Create and place an order.

With the Utorg payment system integrated into the exchange, you can buy crypto for state currency (USD, TRY) directly from your Visa or Mastercard card without placing an order. This method requires the user to verify identity if purchases exceed €150. To use it, do the following:

  • Click “Buy crypto” on the balance page.
  • Choose an asset you will buy and the currency you will pay with. Enter the desired amount and click “Proceed to payment.”
  • In the new Utorg tab, enter your e-mail.
  • Confirm the transfer.
  • Enter the card info and confirm the withdrawal when the bank requests. Later, the assets will be in your WhiteBIT wallet.

Trade safely!