Post
Topic
Board Trading Discussion
Re: What do you think about WhiteBit exchange?
by
rexxarofmoknathal
on 16/03/2020, 15:52:13 UTC
Beware, No guarantee or warranty of your money if it doesn't meet the minimum requirement of WhiteBit.com people even though you're not a direct customer of it and has externally put money on them for instance incases of deposits.

Dear user.  https://whitebit.com/terms Paragraph 6 (Operations on the account) Section 6.5
WHITEBIT is entitled to set and change minimum/maximum limits for Depositing and Withdrawing the Funds at its discretion. WHITEBIT will not be liable for not making any prior notices to the Users regarding such changes.
In such case:
if the Account was deposited with an amount less than the minimum for Depositing, the Funds will not be deposited to the User’s Account on the Platform and will not be refunded to the User; deposits with the sizes, which do not meet the established minimum, are not cumulative;
Thank you for pointing out this one. I used this Whitebit exchange when the time I needed money badly so I decided to sell some of my MB8coins on their platform. Nevertheless, I never encountered any problems undergoing the KYC process. But I will take note of this, so whenever I will make trade again I would be careful and will always check the minimum requirement before making a deposit.

Actually, by checking these things in advance before you deposit your money can save you the later struggle and potential loss. Having said this though, I find it ridiculous that when you want to deposit a lower amount than the minimum requirement that you don't get an error message, and not allowing you you to do so Angry
and that instead, if you do make that mistake you lose your money - how frustrating  Sad