WhiteBIT Restricted Countries

What Countries Does WhiteBIT Restrict?

WhiteBIT restricts access to its services for residents of 31 countries. These restrictions are implemented to comply with international regulatory and compliance standards. By doing so, it aims to ensure the security and legality of its operations, mitigating risks associated with regions that have heightened financial or political concerns. 

‍The use of the WhiteBIT website is prohibited for citizens and/or residents of the following countries (territories): 

1. Africa: Libya, Somalia, Republic of Sudan, Western Sahara, Federal Republic of Ambazonia (Cameroon) and South Sudan.
2. Asia: Afghanistan, Iran, Yemen, Democratic People’s Republic of Korea (North Korea), Syria, Myanmar and State of Palestine.
3. Europe: Russian Federation, Republic of Belarus, Kosovo, Transnistria (Moldova), Temporarily occupied territories of Ukraine, Temporarily occupied territories of Georgia and Turkish Republic of Northern Cyprus (Cyprus).
4. North America:  American Samoa, U.S. Virgin Islands, Territory of Guam, Puerto Rico, USA, Canada, Nicaragua and Trinidad and Tobago.
5. South America: Venezuela.
6. Oceania: The Northern Mariana Islands.

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WhiteBIT Supported Countries

WhiteBIT caters to users from over 150 countries, offering a wide range of cryptocurrency trading services. The platform is built for global accessibility, ensuring that individuals from various regions can take advantage of its features. Supported countries include, but are not limited to, Australia, Japan, Germany, France, India, Brazil, and South Africa. 

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WhiteBIT Licenses

​​WhiteBIT is a global digital services financial institution with a presence in multiple countries. It operates under UAB Clear White Technologies, a registered financial service company regulated by the Financial Crime Investigation Service (FCIS) as a digital currency exchange. The registered address is 26, J. Basanavičiaus Street, Vilnius, LT-03224 Republic of Lithuania.

WhiteBIT Group comprises several entities responsible for managing the platform, including:

• UAB Clear White Technologies (Republic of Lithuania)
• WhiteBIT Financial Company s.r.o. (Czech Republic)
• WhiteBIT Tech Sp. Z.o.o (Republic of Poland)
• WhiteBIT Solutions LLC (Republic of 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)

By maintaining these licenses and adhering to stringent regulatory standards, WhiteBIT ensures a secure and trustworthy trading environment for its users.

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Does WhiteBIT Enforce KYC?

Yes, WhiteBIT requires users to complete Know Your Customer (KYC) procedures. When registering, clients must provide personal information, including their name, address, date of birth, and a government-issued ID, to verify their identity. This compliance with regulatory standards helps prevent fraud and ensures a secure trading environment for all users.

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About WhiteBIT

WhiteBIT is a global cryptocurrency exchange serving over 180 countries that complies with global regulatory standards. The platform supports a wide range of 350 digital assets and offers spot, margin, and futures trading with up to 100x leverage. Users can also earn passive income through crypto lending plans. With robust security measures, including cold wallets and regular audits, WhiteBIT ensures a trustworthy trading environment. 

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Bottom Line

In conclusion, WhiteBIT enforces access restrictions for users from 31 countries to comply with regulatory standards and ensure platform security. Despite this, it operates in over 150 countries, offering spot, margin, and futures trading, access to over 350 cryptocurrencies, and mandatory KYC verification. With these measures, WhiteBIT provides a secure and reliable trading environment globally.