WhiteBIT Was Founded
WhiteBIT was established as a cryptocurrency exchange. The company later created WBT to support platform benefits and connect services across its growing digital-asset ecosystem.
ABOUT
What Is WhiteBIT Coin?
WhiteBIT Coin is the native cryptocurrency of the WhiteBIT ecosystem. Known by the ticker WBT, it is used across supported WhiteBIT products, can provide eligible users with platform benefits and serves as the native coin used to pay transaction fees on Whitechain.
WBT launched in August 2022 as an exchange utility token before its role expanded alongside the wider WhiteBIT ecosystem. Its current utility spans centralized trading services, Whitechain activity and supported platform programs, while its supply and burn mechanisms shape how the coin circulates over time.
PROFILE
WhiteBIT Coin at a Glance
WhiteBIT Coin is the native cryptocurrency of the WhiteBIT ecosystem. Launched in 2022, WBT provides eligible platform benefits, powers transactions on Whitechain and follows a fixed supply model with regular token burns.
ORIGINS
THE EXCHANGE
THE TOKEN
THE NETWORK
When Was WhiteBIT Coin Created?
WhiteBIT Coin launched on August 14, 2022, following a private sale held between July 1 and August 13. The public sale introduced WBT as the utility asset of the WhiteBIT exchange, with an original issuance of 400 million coins.
WBT initially provided benefits connected to WhiteBIT products and services. Its role expanded in August 2023 when WhiteBIT launched its own blockchain and made WBT the network’s native coin.
WhiteBIT Coin Launched
WBT entered the market following its private and public sales. It launched with an original issuance of 400 million coins and no mechanism for creating additional WBT.
Whitechain Launched With WBT as Its Native Coin
WhiteBIT launched its blockchain under the original name WB Network. WBT became the network’s native coin and the asset used to pay transaction fees.
UNDERSTANDING WBT
2022
2023
2023
2024
December 2025
WhiteBIT Coin Evolution
WhiteBIT Coin launched in 2022 as a utility asset tied to the WhiteBIT exchange, giving eligible users access to supported platform benefits while introducing a fixed-supply model with ongoing token burns.
Its role later expanded beyond the exchange. WBT became the native coin of Whitechain, adding network-fee utility and a broader place within the WhiteBIT ecosystem as new holding benefits and platform functions were introduced.
WhiteBIT Coin Launched
WBT entered the market as WhiteBIT’s utility coin with an original issuance of 400 million tokens and benefits linked to ownership and holding.
Whitechain Launched With WBT
The launch of Whitechain expanded WBT beyond exchange utility by making it the network’s native coin for transaction fees and blockchain activity.
WBT Gained a Role in WhiteBIT Launchpad
WhiteBIT introduced Launchpad participation for eligible WBT holders, adding project voting and early token access to the coin’s platform utility.
WBT Holding Benefits Expanded
WhiteBIT added another Holding level and further platform benefits for eligible WBT holders, extending the coin’s utility across supported services.
WBT Joined Five S&P Cryptocurrency Indices
WBT was added to five S&P Dow Jones cryptocurrency indices, extending its presence beyond the WhiteBIT ecosystem and into institutional digital-asset benchmarks.
UNDERSTANDING WBT
How Does WhiteBIT Coin Work?
WhiteBIT Coin connects the WhiteBIT exchange with the Whitechain network. On WhiteBIT, users can own WBT or place it in Holding to access eligible benefits based on the amount held and the applicable account level.
On Whitechain, WBT acts as the native coin used to pay network fees and interact with supported applications. Its original issuance is fixed, and regular token burns permanently reduce the total supply.
01
Acquire WBT
Acquire WBT
Users can buy or exchange WBT through a supported trading platform and transfer it to a compatible account or wallet.
02
Own or Hold WBT
Own or Hold WBT
WBT kept on a WhiteBIT balance can provide eligible ownership benefits. Moving it into Holding can unlock additional benefits but introduces an unholding period.
03
Access WhiteBIT Benefits
Access WhiteBIT Benefits
Eligible users can receive benefits such as trading-fee discounts, increased referral rates, selected withdrawal benefits and access to supported WhiteBIT products.
04
Use WBT on Whitechain
Use WBT on Whitechain
WBT pays transaction fees on Whitechain and supports transfers and interactions with applications operating on the network.
What Shapes the WhiteBIT Coin Price?
The WhiteBIT Coin price is determined by supply and demand across the markets where WBT is traded. Demand can change as traders buy, sell or hold WBT, while regular token burns reduce the total supply available over time.
WhiteBIT platform activity, Whitechain usage, market liquidity, new exchange listings and broader crypto conditions can also influence the WBT price. These factors operate across markets with different levels of trading activity, which means the WhiteBIT Coin price can vary between platforms.
WhiteBIT Platform Activity
Demand for WBT can change as users access eligible WhiteBIT benefits, including trading-fee discounts and supported platform products.
WBT Supply and Burns
No additional WBT can be created under the current supply model. Regular token burns permanently reduce the total supply but do not guarantee an increase in price.
Market Demand
Buying and selling by individuals, companies and other market participants can increase or reduce demand for WhiteBIT Coin.
Market Liquidity
Markets with lower liquidity may experience larger WBT price movements when substantial buy or sell orders are placed.
Whitechain Activity
WBT is used to pay transaction fees on Whitechain. Changes in network activity and application usage can affect demand for the coin.
Broader Market Conditions
Bitcoin movements, investor sentiment, regulation and wider financial conditions can influence demand for WBT and other crypto assets.
What’s the Price of WhiteBIT Coin?
WhiteBIT Coin is currently priced at $73.04 USD, down 0.10% over the past 24 hours. The live WhiteBIT Coin WBT price USD chart and market snapshot provide additional price, volume and supply data.
Why Is the WBT Price Moving?
WBT is currently remaining stable as mixed activity affects the market. Changes in trading volume, WhiteBIT Coin WBT news, platform developments, token burns and broader crypto conditions may also contribute to the movement.
Can More WBT Be Created?
No additional WBT can be created under the current fixed-issuance model. WhiteBIT originally issued 400 million WBT, and verified token burns reduce the total supply by permanently removing coins.
Can You Cash Out WhiteBIT Coin for Real Money?
Yes. WhiteBIT Coin can be sold for fiat currency, such as US dollars or euros, when a supported WBT trading pair is available. It can also be exchanged for a stablecoin or another cryptocurrency before the resulting balance is withdrawn through a supported provider.
The amount received depends on the WhiteBIT Coin price when the order is completed, the chosen trading pair, liquidity, trading and conversion fees, and withdrawal costs. WBT placed in WhiteBIT Holding must also be released before it can be sold.
Release WBT From Holding
If the WBT is in Holding, begin the unholding process before attempting to sell it. Standard unholding takes 14 days, while immediate unholding may be available for a fee.
Choose a Supported Market
Select a regulated service that supports WBT trading and withdrawals in the relevant jurisdiction. Check whether it offers a direct fiat pair or requires WBT to be exchanged for a stablecoin first.
Sell WBT for Fiat Currency
Place an order to sell WhiteBIT Coin through a supported pair. The final amount depends on the available market price, order type, liquidity and trading fees.
Withdraw the Funds
Withdraw the proceeds through an available bank account, card or other supported payment method. Processing times, withdrawal limits and fees vary between providers and jurisdictions.
CASH-OUT CHECKLIST
Before You Cash Out WhiteBIT Coin
Before selling WBT, compare the provider’s availability, verification requirements, supported pairs, total fees and expected processing time. These details can affect how much money you receive and how quickly it reaches your account.
Confirm whether your WBT is available to trade or remains in Holding. If you transfer WBT between platforms, verify the receiving address and selected network before approving the transaction.
Service and Verification
Provider Availability
Confirm that the service supports WBT sales and withdrawals in your jurisdiction.
Identity Checks
Complete any required identity and account verification before transferring or selling WBT.
Costs and Timing
Total Costs
Compare trading, conversion, network and withdrawal fees.
Limits and Processing
Check minimum withdrawals, account limits and expected processing times.
Transfer and Records
Wallet and Network
Verify the deposit address and make sure the sending and receiving networks match.
Transaction Records
Keep records of the purchase price, sale, transfer fees and funds received.
Tax Note: Selling or exchanging WhiteBIT Coin may create tax-reporting obligations. The applicable treatment depends on your jurisdiction and individual circumstances.