How to earn on WhiteBIT?

WhiteBIT offers a wide range of opportunities to earn money by trading and investing in cryptocurrencies. If you are a WhiteBIT user and would like to learn more about how you can make money on this platform, this article will take a closer look at the best ways to do so.

Spot Trading

Spot trading is the basic form of cryptocurrency trading, where assets are bought or sold with immediate execution of the transaction. It involves the transfer of cryptocurrency between the buyer and the seller according to the terms of the selected order.

You can make money from spot trading on WhiteBIT in the following ways:

Analyse the market: Use technical and fundamental analysis to predict price movements. Tools for analysing charts and historical data are available on the platform.
Trading pairs: Choose from a wide range of trading pairs on our exchange.
Short-term trading: For active traders in particular, spot trading allows you to make money on cryptocurrency fluctuations in a short period of time. You buy cryptocurrencies when the price goes down and sell them when the price goes up.

Information on how to place an order can be found here.

Margin trading

Margin Trading is a tool that allows you to participate in the trading of digital assets on the market using funds that you can borrow and make a profit from both rising and falling asset prices.

In this area, the traded assets are digital assets such as Bitcoin, Ethereum, and others. An investor borrows these assets using his or her own funds as collateral (or margin). A commission is charged for the use of borrowed funds in the form of an interest rate.

This opens up the possibility of applying different trading strategies, managing risks, and earning more income from transactions.

You can find out more details about margin trading on WhiteBIT here.

Futures

Perpetual futures contracts are similar to our current margin trading mechanics. You can open both Long and Short positions and use leverage. Depending on the market direction you choose and the current market situation, you can either pay or receive a funding rate. You can read more about what positions are and how they differ in this article.

Crypto Lending

Crypto Lending from WhiteBIT is the lending of certain cryptocurrency assets to an exchange. This product allows you to receive a guaranteed profit: you transfer your funds in a certain cryptocurrency to the exchange, choosing one of the available investment plans. Income is accrued in the same cryptocurrency in which the plan was opened.

The plans differ from each other in the following respects: interest rate, duration, minimum and maximum loan amount. It is a safe, convenient and profitable way to generate passive income.

On WhiteBIT it is possible to open both fixed and flexible plans.

You can find more information about Crypto Lending in our article at the link.

Trading Competitions

A trading competition is a competition for trading in a certain pair, where the main condition for determining the winners is trading volume, rP&L or the sum of these indicators. In addition, a separate customization can be added to each competition, which will be specified on the competition page.

Active participation: If you trade successfully and take prize places, you can win generous rewards.
Improving your skills: Participating in such competitions allows you to improve your trading strategies, which can increase your chances of making bigger profits in the future.
Choosing the right tournament: Choose tournaments that match your experience level and trading strategy. If you are a beginner, start with smaller tournaments with a low entry threshold.

In order to find out more information about trading competitions, you can read the relevant article in our Help Center.

Activities

In addition to trading competitions, WhiteBIT often holds various activities that allow you to receive additional funds or other benefits. These are the temporary promotions for new and existing users.

As a rule, you can get a reward for registering and passing KYC verification, making your first deposit on the exchange, subscribing or posting on social media, reaching a certain trading volume etc. You can view a list of current promotions in our blog by going to the "Activities" tab.

Mining

WhitePool is one of the products in the WhiteBIT ecosystem. It’s a mining pool that aggregates miners’ computing power to increase the chances of finding a new block in the Bitcoin Network.

Our mining pool operates independently of the exchange, ensuring heightened stability and reliability. Accessible to anyone equipped with compatible hardware and armed with the pool's URL. Our platform supports the SHA256 Algorithm, a cornerstone for mining popular cryptocurrencies like Bitcoin.

Upon successful identification and registration, miners can begin contributing their computational power to the pool's collective efforts. As mining activities progress, the final mining income is settled in Bitcoin (BTC) and promptly credited to the designated exchange accounts of the participating miners. This streamlined process ensures transparency and efficiency, allowing miners to focus on their operations while seamlessly receiving rewards.

As we offer the FPPS reward method, reward crediting is not tied to the timing of block discoveries; instead, miners receive their rewards daily, ensuring a consistent payout schedule regardless of the pool's block mining performance.

You can learn more about WhitePool here.

Souldrop

SoulDrop is a system that regularly rewards users with WBT based on how much WBT they hold. Rewards are distributed monthly depending on the number and level of WBT in the Holding of each WB Soul. You can learn more about the WB Soul ecosystem at this link or in Whitechain White Paper.

To participate in the SoulDrop rewards distribution, all you need to do is follow a few simple steps:

Create your WB Soul by following this link;
Transfer your WBT to Holding on WhiteBIT. You can read more about Holding in this article. It is also worth remembering that the minimum amount to participate in SoulDrop is 10 WBT;
Make sure the Hold amount attribute is not hidden in Whitechain network. You can check this on the WB Soul management page.

After one continuous holding period of 30 days, your first SoulDrop reward will become available to you. You can see how to check or claim available rewards in this article.

Referral Program

The referral program on WhiteBIT gives you the opportunity to earn 40% to 50% profit from trading fees that will be paid by active referrals invited by you.

In order for users to become your referrals, they need to register using your referral link.

On the Referral Program page (“Products” – “U EARN” on the main page of the exchange website) you can find:

Registration link to copy and send to a friend. The referral code will be applied automatically.
A referral code that the invited user can enter on their own when registering.
A QR code that you can either send or download and share it on your page in social networks or messengers (WhatsApp, Telegram). This allows you to increase the number of potential referrals.

More information regarding our referral program can be found here.

Affiliate Program

WhiteBIT Affiliate Program allows individuals to earn additional income by referring others to the platform under customized terms and special offers. The crypto affiliate program offers a user-friendly interface for creating new promotional campaigns, allowing participants to reach out to potential users across various platforms. Additionally, the program provides a convenient tracking system with detailed dashboards, making analyzing data from each referral channel simple.

In order to join the Affiliate Program, you need to fill out the form.

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 upper right corner of the WhiteBIT app, click ).