Features of the 'Holding' and 'Owning' functionality of WBT Coin on WhiteBIT

Since the launch of WBT, WhiteBIT has been providing its extensive integrations with exchange products. Each WBT holder has the opportunity to store coins on their Main balance or transfer them to Holding, which allows them to receive additional benefits.

What is Owning and Holding, and how does it work?

Users of the WhiteBIT exchange have two ways to take advantage of all the benefits of a WBT Coin ownership:

  • by owning WBT coins on the Main Balance (Owning);
  • by blocking WBT coins (Holding).

 

Advantages of WBT in Owning:

 

WBT Holding provides the following benefits to the WhiteBIT users:

  • Referral rate increase. Users who transfer WBT to Holding receive a larger share of referral fees;
  • Coin holders can enjoy a 100% discount on maker fees. The discount will be valid if there is a sufficient amount of WBT in Holding;
  • Cancellation of blockchain fee payments. Depending on the number of coins in Holding, holders can receive a certain number of daily free withdrawals of ERC-20 and ETH coins.
  • Free AML checks.  Holders can conduct a certain number of free AML checks every day.
  • Distribution of rewards. Each WBT owner has the opportunity to receive a share of all network fees, depending on the Hold level of his Soul;
  • Additional bonus for Tether US (USDT) Crypto Lending plans.

 

Benefits for transferring coins to Holding:

Advantages of Holding for crypto deposits

By blocking WBT coins in Holding, user has an additional bonus that increases income from investing in Cryptocurrency Lending plans for Tether US (USDT).

 

The conditions for receiving the bonus are as follows:

  • The bonus applies only to those plans that were opened at the time when the bonus program was already in effect;
  • The bonus is available only if the user’s Holding level has not decreased during the entire period of the Crypto Lending plan. However, increasing the Holding level will not affect it. Any downgrade of Holding will result in the loss of the bonus;
  • The bonus for already active plans will not increase, if the Holding level increases. It means that the bonus coefficient will be fixed depending on the Holding level at the time of opening a Crypto Lending plan;
  • The limit on the total amount of Crypto Lending plans to receive a bonus is 600,000 USDT. This means that the bonus can be applied to those Crypto Lending plans which total size do not exceed 600,000 USDT. All plans that exceed this amount will not be eligible for the bonus.

 

Please note: if Crypto Lending plans are opened repeatedly or simultaneously with different expiration dates and their total amount does not exceed 600,000 USDT, in this case the bonus will be active.

 

It's also worth noting that the Holding level bonus doesn't apply to SoulDrop activity.

How to transfer funds to Holding?

  1. Click on the “Boost” button next to the WBT ticker on the Main Balance page or follow this page using the link “WBT BOOST”. An information about your WBT balance will appear in the window;

 

  1. To the right of the WBT balance indicator there will be a button “Hold”;

 

  1. Make sure that the funds are on the Main Balance;
  2. By clicking on this button, a window will be opened in which you need to indicate the amount and confirm the action.

 

Ready! The changes will take effect within a few minutes.

Is it possible to withdraw funds from Holding?

If you decide to withdraw WBT from Holding without a fee, then you should keep in mind that coins, which are in the process of withdrawal, are considered as coins in Owning, and are no longer coins in Holding.

 

Please note: withdrawal of WBT from Holding takes 14 days. When coins are being withdrawn from the Holding, bonuses will not be granted for them, however, you can instantly withdraw WBT from the Holding for a 10% fee on the withdrawn amount. If you have chosen the option to withdraw funds from Holding without commission with a waiting period of 14 days — you will have the opportunity to cancel this process by clicking on the "cross" icon on the right side of the screen.

 

Also, pay attention to the following factors:

  • If fees are influenced by two factors, the more profitable one will be taken into account;
  • The trading commission discount for Owning and Holding applies exclusively to the standard trading fee value (0.1%);
  • Trading fee cannot be less than 0%;
  • Other promotions may also affect the terms of the affiliate program;
  • WhiteBIT reserves the right to change the rules for Owning and Holding of WBT at any time.

 

Additional information about WBT is available on our exchange, following this link.

FAQ

What are the advantages over Owning?

Each WBT owner can store them on his Main Balance or transfer coins to Holding, thus receiving additional benefits. In order for WBT coins to be credited to Owning, it is enough to keep them on the Main Balance. At the same time, coins transferred to Holding are also valid in Owning. In this case, you can use both privileges. You can find more information about the benefits of owning WBT coins in this article.

 

How to buy WBT for Holding?

To purchase WBT, you just need to register on WhiteBIT and pass the identity verification (KYC). The entire process is described in more detail in our articles.

Support

In case of any questions related to the functionality of our exchange, you can:

  • Leave a request on our website;
  • Write to the support email: support@whitebit.com;
  • Write to the chat using the button in the lower right corner of the screen (in the WhiteBIT app, go to “Account”—“Support” in the upper left corner).

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