Top 3 Features of WhiteBIT You Didn’t Know
Table of contents
You can Trade Perpetual Futures Contracts on WhiteBIT
WhiteBIT has a tool that can be interesting for many experienced traders: perpetual futures contracts.
A distinctive feature of this instrument is the absence of a fixed date and execution price. A financing mechanism (funding) makes it possible to keep the futures price very close to the spot price, which is better than classic futures contracts.
Perpetual futures contracts slightly resemble the margin trading tool on WhiteBIT: users can open Long and Short positions and use leverage. Accrual for all active positions is made every 8 hours.
Trading futures is popular among traders on WhiteBIT, and there are several reasons for this:
WhiteBIT has already announced its plans to develop this direction of trading further. They have planned to launch several activities based on futures trading and many pairs with popular cryptos that give more opportunities to exchange cryptocurrency.
All this makes perpetual futures contracts an excellent tool for increasing income through leverage and risk management.
Demo Token that Helps to Learn How to Trade on the Exchange
The main fear of crypto investing beginners is making mistakes and losing their funds far too quickly. This fear is not unreasonable: the world of cryptocurrency is too complicated to understand everything fast and avoid making obvious mistakes.
WhiteBIT created Demo Token for those interested in investing in crypto but are too afraid to try it due to their lack of experience.
Demo Token is a free virtual asset in the format of demo versions of popular cryptocurrencies: BTC (DBTC) and USDT (DUSDT). It allows users to buy and sell cryptocurrencies in real-time and experience actual market conditions.
It is free to trade with Demo Tokens. However, it is a simulator of the actual trading process, allowing you to practice without losing real assets. There is only one difference from actual trading: transactions are carried out with assets without real monetary value.
Demo Token allows beginners to add more practice to their theoretical knowledge and learn to identify market trends and their changes and react to them with a cool head. Demo Token can also be handy for those traders who already have some experience in crypto trading. They can test out their strategies and improve them without losing their funds.
How do you get Demo Token?
After completing all these steps, a user receives 0.5 DBTC and 1000 DUSDT. They are stored on balance and cannot be deposited or withdrawn. To be able to trade them, you need to transfer the received assets from the Main to the Trade balance.
The Demo Token tool is free and does not require KYC verification. Despite Demo Token being positioned as a tool for beginners, everyone can benefit from it.
Use WhiteBIT codes to transfer crypto and fiat to other users for free
The list of exciting features of the WhiteBIT exchange includes a unique tool: WhiteBIT codes.
A WhiteBIT code is an alphanumeric “package” for digital assets. The tool is designed to improve user experience in managing digital assets.
WhiteBIT codes open up the following opportunities for users:
The scenarios depend on the needs of the user. The significant advantage is the absence of fees, instant transactions, and protection from fraudsters, as the transactions are irreversible.
You can create or activate the received code in the WhiteBIT codes section of the exchange. When creating a code, a user must select the desired currency, protect the code with a password (if necessary) and confirm its creation using e-mail and 2FA. To activate the code, the user must enter it into the corresponding field and specify the password (if the code is protected).
The information about the generated and activated codes is stored in the "Codes" section of the exchange. Users can also generate a QR code for further activation by the recipient, download the code in PDF format, and share it.
The list of the WhiteBIT tools does not end there. After getting to know all the exchange functionality in more detail, you will find something interesting. Moreover, the exchange team regularly works on creating and integrating new solutions, tools, and features. WhiteBIT listens to the opinion of the community and continues to improve constantly.