WhiteBIT Restricted Countries

WhiteBIT Restricted Countries

To comply with global regulations, WhiteBIT enforces regional restrictions outlined in its User Agreement. These measures address legal, financial, and political risks associated with certain regions, ensuring a secure and compliant trading environment.‍

Restricted Regions:‍

WhiteBIT prohibits access for residents of Afghanistan, American Samoa, U.S. Virgin Islands, Guam, Iran, Yemen, Libya, Palestine, Puerto Rico, Somalia, North Korea, Northern Mariana Islands, USA, Syria, Russia, Belarus, Sudan, Transnistria, Occupied Territories of Georgia, Northern Cyprus, Western Sahara, Kosovo, South Sudan, Canada, United Kingdom, Nicaragua, Trinidad and Tobago, Venezuela, Myanmar, and Occupied Territories of Ukraine.

These restrictions are updated regularly to reflect changes in international regulations. Users are encouraged to review WhiteBIT’s terms periodically to ensure compliance with the latest policies.

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WhiteBIT Supported Countries

WhiteBIT operates in over 150 countries, offering cryptocurrency trading services to a wide global audience.

According to SimilarWeb data, WhiteBIT’s top markets include Germany, Romania, Spain, Canada, and the United Kingdom, despite the restrictions listed in its terms and conditions.

By complying with regional regulations, WhiteBIT provides a secure, accessible platform, allowing users across various markets to engage confidently in digital asset trading.

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WhiteBit Licenses and Regulation

WhiteBIT operates as a global cryptocurrency exchange under UAB Clear White Technologies, a licensed financial services provider regulated by Lithuania’s Financial Crime Investigation Service (FCIS). The company’s registered address is 26 J. Basanavičiaus Street, Vilnius, LT-03224, Lithuania.

The platform is supported by a network of entities under the umbrella name “WhiteBIT Group” managing operations in multiple regions:

• UAB Clear White Technologies (Lithuania)
• WhiteBIT Financial Company s.r.o. (Czech Republic)
• WhiteBIT Tech Sp. Z.o.o (Poland)
• WhiteBIT Solutions LLC (Bulgaria)
• WhiteBIT Operations Australia PTY LTD (Australia)
• WhiteBIT Georgia LLC (Georgia)
• Clear White Technologies Limited (Hong Kong)
• Nova Fintech LLC (Saint Vincent and the Grenadines)

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WhiteBIT KYC Requirements

WhiteBIT mandates Know Your Customer (KYC) verification to ensure a secure and compliant trading environment. The process includes:

1. Personal Information: Full name, date of birth, address, and gender.
2. Identity Verification: Submission of a government-issued ID such as a passport, driver’s license, or national ID card.
3. Facial Recognition: A quick scan to match your identity with the provided documents.
4. Security Enhancement: Two-factor authentication (2FA) is recommended for added protection.

The process is designed for quick completion, unlocking full access to WhiteBIT's features and ensuring adherence to global regulatory standards.

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About WhiteBIT

WhiteBIT, launched in 2018, is a European cryptocurrency exchange handling $2.5 billion in daily volume. Based in Lithuania, it supports 300+ assets, 600 trading pairs, and nine fiat currencies across spot, margin, and futures markets. 

Known for its 96% cold wallet storage and FATF compliance, WhiteBIT has bolstered its position through a partnership with FC Barcelona, catering to institutional and retail traders.

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Bottom Line

WhiteBIT combines global accessibility with strict compliance, enforcing regional restrictions in countries like the USA, Iran, Russia, and North Korea to align with international regulations and mitigate risks.

Operating in over 150 countries, including Germany, Spain, and Romania, it provides secure trading options supported by robust licensing and advanced KYC protocols.