WhiteBIT Coin (WBT) Benefits Explained
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Content
WhiteBIT Coin (WBT) is the native cryptocurrency of our Whitechain blockchain, seamlessly integrated into the WhiteBIT ecosystem. It not only powers our trading platform but also enhances user experience by simplifying and optimizing interactions with the exchange.
WBT holders enjoy various bonuses that significantly improve their trading experience. The specific bonuses depend on whether the coins are kept on the Main balance or locked in the Holding.
WBT Owning Benefits
Users who store WBT on their Main balance receive discounts on trading fees, namely:
– from 10% to 100% on the maker’s fee;
– from 5% to 80% for the taker’s fee.
The discount percentage depends on the amount of WBT on the Main balance. See the details about the discounts on the WBT Boost page.
WBT Holding Benefits
Holding is a feature that allows locking a selected amount of WBT on our exchange, giving access to a number of attractive features in return:
- Increased referral reward within our Referral program;
- Discount on the maker’s fee;
- Free withdrawal of ERC20 and ETH tokens;
- Free AML checks;
- Rewards within SoulDrop;
- Bonuses for Crypto Lending plans with Tether (USDT);
- Generation of multiple addresses for deposits;
- Opportunity to participate in Launchpad.
Let’s explore each benefit in detail.
Increased Referral Rate
For each user who registers on WhiteBIT using your referral link and trades on the exchange, you will normally receive up to 40% of each of his/her trading fee. However, with WBT in Holding, you can earn up to 50% of each trading fee of your referrals.
Discounts on the Maker’s Fee
Thanks to WBT, you can trade on WhiteBIT with a discount on trading, namely up to 100% on the maker fee.
Free Withdrawals of ETH and ERC20 Tokens
Every day, the number of free withdrawals of ERC20 and ETH tokens is credited to WBT holders in Holding. The maximum quantity reaches 1000 pcs./day.
Free AML Checks
AML verification allows you to find out whether an address is involved in money laundering. WhiteBIT Coin holders have the opportunity to carry out such checks daily for free.
Network Fee Distribution
Users who have WB Soul are automatically included in the distribution of fees earned by the exchange, depending on their WB Soul level.
Bonuses for Crypto Lending Plans with Tether (USDT)
Another benefit of keeping WBT in Holding is the interest bonus of Crypto Lending plans with Tether (USDT). The accrual of the bonus starts from the second level of Holding, and its percentage increases according to the level (the higher the level, the higher the bonus) and the plan’s duration. That is, you can now get up to 2.36% bonus on top of your USDT Crypto Lending plan.
Read more here.
Multiple Deposit Addresses
Previously, each user could create only one deposit address per network, which, once generated, became permanent without the possibility of change. With WBT in Holding, users can generate up to 5 deposit addresses for each network and change them as needed. This option is available starting from the first level of Holding. The number of available address generations is displayed in the address generation window.
Refer to the table below for the number of deposit addresses available based on the Holding level.
The Possibility to Participate in WhiteBIT Launchpad
If you keep at least 200 WBT in Holding, you can access WhiteBIT Launchpad. This platform lets you decide which projects join the exchange and gives you access to their assets first. You can read more about Launchpad in a separate article.
Level | WBT in Holding | Referral rate | Discount on the maker’s fee | ERC20/ETH withdrawals | AML checks | SoulDrop rewards | Number of deposit addresses per network | USDT Crypto Lending bonus |
1 | 10 WBT | 40% | 0% | 0 | 0 | 1,316973381 | 5 | 0 |
2 | 200 WBT | 40% | 30%* | 1/day | 1/day | 1,316985649 | 30 | Up to 0,025% |
3 | 1500 WBT | 41% | 100% | 2/day | 2/day | 1,317218729 | 500 | Up to 0,186% |
4 | 4000 WBT | 42% | 100% | 3/day | 3/day | 1,317451809 | 1500 | Up to 0,463% |
5 | 10 000 WBT | 44% | 100% | 5/day | 5/day | 1,318187804 | 3000 | Up to 0,595% |
6 | 16 000 WBT | 44% | 100% | 10/day | 10/day | 1,319046390 | 6000 | Up to 0,71% |
7 | 30 000 WBT | 46% | 100% | 20/day | 20/day | 1,321253816 | 10 000 | Up to 0,798% |
8 | 60 000 WBT | 46% | 100% | 30/day | 40/day | 1,326770067 | 20 000 | Up to 1,241% |
9 | 100 000 WBT | 48% | 100% | 80/day | 60/day | 1,335344342 | 35 000 | Up to 1,771% |
10 | 160 000 WBT | 48% | 100% | 100/day | 100/day | 1,347579478 | 55 000 | Up to 2.36% |
11 | 2 000 000 WBT | 50% | 100% | 500/day | 300/day | 1,438828875 | Unlimited | Up to 2.36% |
12 | 6 000 000 WBT | 50% | 100% | 1000/day | 500/day | 1,677838513 | Unlimited | Up to 2.36% |
As you see, WBT is a powerful tool designed to enhance the capabilities of its holders. It significantly boosts productivity when working with our exchange, helping you get the most out of WhiteBIT.
Disclaimer
- Tokens that are being withdrawn from Holding do not provide the benefits of Holding, but are counted as tokens in Owning. They will be credited to the Main balance upon completion of the withdrawal.
- If the fee is influenced by two factors, the most profitable one will act.
- The discount on trading fees for Owning/Holding applies exclusively to the standard trading fee (0.1%).
- The fees may not be lower than the minimum values:
— Min spot taker fee: 0.02%
— Max spot maker rebate: -0.01%
— Min futures taker fee: 0.025%
— Max futures maker rebate: -0.01%
- Other promotions may also affect the conditions of the affiliate program.
- WhiteBIT keeps the right to change the rules of WBT Holding and Owning at any moment.
- Additional information about WBT can be found here