WB Check - an innovative feature that allows you to transfer funds in a secure, convenient and modern way. 

 

This feature enables sending and receiving funds without requiring the recipient to register in advance. This simplifies the process and makes it accessible even to new users of the platform.

Please note: WB Check can only be created for cryptocurrencies, and it requires passing identity verification (KYC).

With these capabilities, any operations, such as transferring funds, buying or selling cryptocurrency, depositing funds or sending donations, are carried out quickly, securely and with maximum convenience for all participants.

Key advantages of WB Check

1 - Premium protection

Each check is protected by multi-level security systems at all stages of its existence, from creation to receiving.

 

2 - Up to 5 years of validity

The check is valid for five years, allowing you to receive funds at any convenient time.

 

3 - Simple and low fee

The fee for creating a WB Check is only 0.5% of the check amount.

For flexibility of use, two types of WB Check are available:

Revocable check - a type of check that can be cancelled by the sender before it is activated by the recipient.

Irrevocable check - a type of check that cannot be cancelled by the sender after it has been sent. An additional 6-digit security code is required to activate it, which can subsequently be changed by the recipient to their own code.

How to create a WB Check:

1 - Log in to your WhiteBIT account;

2 - In the “Products” tab, go to the “WB Check” page, which is located in the U Finance section.

3 - Click “Create WB Check” and select the desired cryptocurrency from the list of supported assets, then set the check amount;

4 - Optionally, add a message that will be displayed on the check itself;

5 - Select the type of check according to your security needs (Revocable or Irrevocable check);

6 - Check the information, read the Terms of Use, and confirm the creation of the check in one of the following ways:

• using the code sent to the email address linked to your WhiteBIT account, as well as via 2FA;
• using the Passkey.

7 - After confirmation, your created WB Check will be displayed in the “Active” section under “My WB Checks”.

Please note: after confirmation, the sender will be charged a fee for the WB Check creation service. This fee is non-refundable, even if the WB check is cancelled or deactivated.

How to view the created WB Checks

To view information about previously created checks, go to the “My WB checks” page, where the following sections will be available:

• Active - information about active and frozen checks;
• History - deactivated, expired or open WB checks, the funds of which have already been withdrawn by the recipient.

Click on any receipt to expand detailed information or view a visual version that will be available to the recipient.

Methods of WB Check transfer

There are different ways to transfer a check:

 

1 - PDF

The check can be downloaded as a PDF document with details and a QR code to open the WB Check application.

 

2 - Secure link

Copy and send the link manually, via messengers or by any other method. If WB Check has a security code, ensure that the recipient also has access to it to manage their WB Check.

3 - Email

The platform provides the option to use the integrated system for automatic transfer of the check by email from checks@whitebit.com. When sending by this method, the recipient will receive an email containing information about the check and a direct link to activate it.

Please note: for the unique WB checks, there will be only 2 attempts to send by email.

4 - Print

Only available in the web version. Contains the same data as the PDF version of WB Check for further printing.

How to receive funds from WB Check

1 - Open WB Check using one of the methods described above and click on the “Open” or “Unlock” button:

• If a Revocable check was sent, click “Claim” to continue;
• If an Irrevocable check was sent, you must enter the 6-digit security code received from the sender and then set your own. After that, click “Claim”. 

Please note: there are only 7 attempts available to enter the 6-digit security code, and once the recipient has set their code, the sender's sharing settings will be disabled.

 

2* - To receive a check, whose recipients are users from the European Economic Area (EEA), you must also provide the following information:

• First name, last name and nationality;
• Wallet type (exchange, self-hosted);
• Platform name.

3 - Select a network for further transfer of digital assets.

Please note: you can only receive the same cryptocurrency that was sent to WB Check, and the network fee will be deducted from the total amount of the check.

4 - Enter the wallet address to receive digital assets.

5 - Confirm that you have read the Terms of Use and submit your claim by clicking on the “Claim” button.

Requirements for using WB Check and their statuses

After submitting a request to receive a WB Check, it may have one of the following statuses:

• Request submitted - the request to receive funds is under review;
• Claim request successful - digital assets have been successfully received.
  Details can be viewed in Explorer. The window is displayed for 24 hours, after which the WB Check is marked as invalid and the link expires.
• Claim request cancelled - the attempt to submit a claim has been cancelled. 
  You can try again, but we recommend that you first check the information you provided and/or select a new address to receive the funds.
• Frozen - the funds will be frozen in WB Check.
  You need to contact our support service for further instructions.
• Unavailable - WB Check has expired, been deactivated, or 24 hours have passed since the funds were successfully withdrawn from WB Check by the recipient.

WhiteBIT always works to make sure it follows all local laws, which means that some countries might have certain restrictions based on regulatory requirements. 

 

In order to maintain the highest safety standards for product use and comply with requirements from all parties involved, access to check activation is restricted in prohibited jurisdictions.

Below is a list of regions where the WB Check product is not available:

Afghanistan, American Samoa, United States Virgin Islands, United Kingdom, Territory of Guam, Iran, Libya, State of Palestine, Puerto Rico, Somalia, Democratic People's Republic of Korea, Northern Mariana Islands, United States, Syria, Republic of Belarus, Russian Federation, Republic of Sudan, Yemen, Canada, Transnistria, the temporarily occupied territories of Georgia, the Turkish Republic of Northern Cyprus, Western Sahara, the Federal Republic of Ambazonia, Kosovo, South Sudan, Trinidad and Tobago, Venezuela, Myanmar and the temporarily occupied territories of Ukraine.

FAQ

Do both the sender and recipient need to have a WhiteBIT account?

No. Only the sender needs to have a verified account (KYC) to create a WB Check, after which they can send it to anyone.

Which cryptocurrencies are supported?

BTC, ETH, SOL, USDT (for non-EEA regions), USDC, XRP, TRX, DOGE, ADA, WBT, LINK, SUI, BCH, AVAX, LTC, DOT, UNI, NEAR.

 

How secure are WB Checks?

WB Checks uses multiple layers of security, including two-factor authentication, biometric authentication, and Passkey verification. WhiteBIT constantly monitors activity to prevent unauthorised access.

 

Can I cancel a WB Check I have created?

Yes, but only if the check type is Revocable and the recipient has not yet withdrawn the funds. Open the WB Check in the “Active” tab and click “Cancel this WB Check”.

 

Can I get a refund for the WB Check creation fee?

No. The fee is non-refundable and amounts to 0.5% of the amount, even if the WB Check is cancelled, expired or deactivated.

 

What should I do if the status of my WB Check is “Frozen”?

If you receive this status, please contact customer support for assistance.

 

Can my WB Check expire?

Yes, WB Checks are valid for 5 years from the date of creation. Once a WB Check expires, the funds will be returned to the sender, and the WB Check will be deactivated. You can find the creation and expiry dates on the WB Check and in its details.

 

Can I partially withdraw funds from a WB Check?

No.

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 ).