Data reportTrust
Is WhiteBIT safe? What the official record shows — and what it does not
We do not score safety. This report lists what WhiteBIT’s official sources show, how that compares with 20 exchanges, and what we could not confirm.
Published byGrace Hsu
Data reviewed byJason Lee About us → Key takeaways
- WhiteBIT’s proof-of-reserves report for November 2024 puts the total reserve ratio at 238%. The report names Hacken as the verifying firm. This is the most recent report we found on WhiteBIT’s official site — 23 months older than our check.
- WhiteBIT runs the WhiteBIT insurance fund. Its stated value is about $30M.
- KYC: identity verification is mandatory.
- Security incidents: not confirmed — we record an incident history (or its absence) only from an official source, and none was found.
01Reserves: 238% in total
WhiteBIT’s proof-of-reserves report for November 2024 puts the total reserve ratio at 238%. By asset: BTC 507%, ETH 269%, USDT 108%. It was published 2024-11-20.
The figures were verified by an outside firm. The report names Hacken as the verifying firm.
This is the most recent report we found on WhiteBIT’s official site — 23 months older than our check.
A ratio above 100% means the reported reserves exceed the reported user balances for the covered assets. It is a snapshot published by the exchange itself.
Source: WhiteBIT · 2024-11-20
02Protection fund: $30M
WhiteBIT runs the WhiteBIT insurance fund. Its stated value is about $30M.
Source: WhiteBIT
03How WhiteBIT compares
Proof of reserves does not set WhiteBIT apart: all 16 exchanges with confirmed data publish one. A user protection fund is recorded at 16 of 17.
| Item | WhiteBIT | Across 20 exchanges |
|---|---|---|
| Proof of reserves | Yes | 16 of 16 confirmed |
| User protection fund | Yes | 16 of 17 confirmed |
| Licenses & registrations | Not confirmed | Median 2 (17 confirmed) |
| KYC required | Yes | 17 of 20 confirmed |
| Recorded security incidents | Not confirmed | Median 1 (10 confirmed) |
Source: CEX Compare, from official exchange sources (checked 2026-10-28) · Share of the 20 exchanges on this site with a confirmed value. No weighting and no overall verdict — see methodology.
04What we could not confirm
- Security incident history — no official statement was found either way. Claims that “WhiteBIT has never been hacked” come from third-party sites, which we do not use as sources.
Figures checked 2026-10-06
05Fees in context
WhiteBIT’s base spot taker fee is 0.100% — 3 of 20 exchanges charge less and 8 charge the same. Its futures taker fee is 0.055%, with 9 of 17 charging less.
Spot taker
20 of 20 confirmedFutures taker
17 of 20 confirmedSource: CEX Compare, from official exchange sources (checked 2026-10-28)
Frequently asked questions
Does WhiteBIT have proof of reserves?
WhiteBIT’s proof-of-reserves report for November 2024 puts the total reserve ratio at 238%. It was published 2024-11-20. This is the most recent report we found on WhiteBIT’s official site — 23 months older than our check.
Does WhiteBIT have a user protection fund?
WhiteBIT runs the WhiteBIT insurance fund. Its stated value is about $30M.
Does WhiteBIT require KYC?
Yes. WhiteBIT requires identity verification (KYC) before trading.
Every answer is generated from the values above and their official sources — nothing is added that the data does not show.
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About this report
This report is built only from the verified figures on this site. Every number links to an official source, and the data is reviewed by Jason Lee. It is information, not investment advice. About us →