Biking vs WhiteBIT: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Biking and WhiteBIT This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on September 13, 2025

Biking

WhiteBIT

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

yes

Europe

yes

Latin America

yes

India

China

Canada

United Kingdom

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Biking is ideal if:

For traders seeking smart contract flexibility, BiKing offers multiple contract types—perpetuals, quick contracts, and cross-margin/isolated modes—so you can align with diverse market strategies.
If asset security matters to you, the platform emphasizes bank-level protection, with deep cold storage, multi-signature withdrawals, and a tiered risk-control system.
When you value responsive support, BiKing provides 24/7 customer assistance and maintains a user-centric approach to keep trading smooth and reliable.

WhiteBIT is ideal if:

Secure & regulated choice: A centrally licensed European exchange with strong security protocols and asset insurance — ideal if regulation and safety matter to you.
Feature-rich yet user-friendly: Offers diverse tools like lending, demo trading, margin/futures, and intuitive design — perfect for traders who want flexibility without complexity.
Integrated WBT benefits: Holding the native WBT token unlocks perks like reduced fees, referral boosts, and free services — great if you plan to engage actively with the platform.

Biking isn’t ideal if:

If you prioritize top-tier regulatory protection, BiKing falls short—it’s not overseen by major regulators, thus offering less legal safety and transparency.
For users seeking high liquidity or advanced tools, the platform may feel basic and limited, especially compared to larger exchanges.
Concerned about reputation and transparency? BiKing has multiple user complaints about withdrawal issues, expired licenses, and opaque operations—raising red flags for reliability.

WhiteBIT isn’t ideal if:

Limited altcoin library: Offers fewer niche tokens compared to large global exchanges, which may constrain you if you seek rare assets.
Fiat and region constraints: Some deposit methods and countries aren’t supported—so users outside well-covered regions or needing specific fiat options may face limitations.
Customer support delays: While multiple channels are available, response times can sometimes lag, affecting fast-paced or urgent needs.

Fees & Total Costs

Spot Maker/Take

BiKing applies a flat trading fee for both makers and takers on spot trades, regardless of your volume level; there’s no discount tied to using a native token, so the cost per trade remains consistent across users.

Spot trading starts with equal maker and taker fees of 0.1% each, and high-volume or WBT token holders can unlock steep fee discounts—even reaching negative maker rates or nearly eliminated taker costs under certain conditions.

Futures/Derivatives

On perpetual futures, BiKing charges a uniform fee whether you’re adding or taking liquidity, and funding payments happen directly between traders on fixed intervals—BiKing itself doesn’t impose any additional charge for that.

Futures trading offers ultra-competitive fees, with maker rates around 0.01% and taker rates around 0.035%, while funding rates apply dynamically based on market direction, paid between long and short counterparties to balance perpetual contract prices.

Average Spreads on Liquid Pairs

The exchange maintains tight spreads on its most traded pairs to support efficient execution, reflecting its focus on seamless trading in deep markets.

Popular pairs like BTC/USDT and ETH/USDT enjoy very tight bid-ask spreads—usually around 0.01–0.05%, reflecting strong liquidity and minimal cost slippage when executing market orders.

Fiat Deposits & Withdrawals

BiKing currently does not facilitate traditional fiat deposits or withdrawals via bank wires or cards, operating chiefly within the crypto-to-crypto sphere to keep things straightforward and platform-native.

Fiat services include card payments and regional e-wallets, with modest processing fees (e.g., an approximate 1.5% rate min. 0.5 GBP up to a cap), and settlement times typically range from near-instant to a few business days depending on the method and region.

On-chain Withdrawals

Withdrawal costs are dynamically calculated based on network conditions—BiKing passes along the prevailing network fee for each blockchain rather than using a fixed fiat-denominated rate.

Crypto withdrawals incur blockchain-based fees that vary by asset and network; rather than fixed internal fees, you pay the real network cost for BTC, ETH, TRX, etc., which updates dynamically with network congestion.

Hidden Costs

There’s no evidence BiKing applies fees for things like currency conversions, account inactivity, or expedited verification processes, making its structure transparent and predictable beyond standard trading and withdrawal costs.

Beyond trading and withdrawal costs, users may face secondary charges—like currency conversion spreads, inactivity fees, or expedited identity verification fees—that subtly increase total cost if not accounted for.

Real-World Cost Example: “€500 BTC

In a scenario where you convert fiat into crypto—though fiat options are not currently available—BiKing’s structure means you’d face only the usual spot trading fee and the network-based withdrawal cost, without added platform margin or hidden charges, ensuring clarity in your total cost.

Buying €500 worth of BTC would cost a small trading fee (spot maker/taker), a tightening-spread cost reflecting the bid/ask gap, and one withdrawal cost determined by blockchain network conditions—delivering a transparent but slightly higher total than nominal BTC value.

Crypto Offering & Trading Features

Number of Coins & Pairs

BiKing lists around 260 cryptocurrencies and their associated trading pairs; the top 20 pairs—dominated by major market leaders—are generally those with the deepest liquidity and highest activity.

WhiteBIT supports over 330 cryptocurrencies with more than 550–780 spot pairs and around 180–200 futures pairs, featuring top liquid volumes like BTC/USDT and ETH/USDT in its leading offerings.

Product Range

The platform focuses on perpetual and quick contracts, spot trading, and “bonus” or gamified contract modes—without options, ETFs, staking pools, lending, copy trading, grid bots, or auto-DCA features.

The platform offers spot, margin (up to 10× leverage), perpetual futures (up to 100× leverage), staking/earn, crypto lending, plus tools like DEX, WhiteSwap, auto-invest (DCA), but doesn’t currently list options, ETFs, copy trading, or grid bots.

Liquidity

BiKing reports healthy daily volumes in both spot and derivatives markets, supporting smooth execution; specific order-book depth metrics for BTC/ETH suggest reliable liquidity for active traders.

WhiteBIT handles daily volumes exceeding $1–1.4 billion, and the BTC/USDT and ETH/USDT pairs show deep order book depth with multi-million-dollar bids and asks, ensuring solid execution.

Tools

BiKing supports standard order types like limit, stop, and OCO, and includes charting and API access, though it lacks built-in TradingView integration or advanced alert systems.

You get standard and advanced orders (limit, market, stop-limit, stop-market, OCO), platform alerts, powerful charting interfaces, plus API/websocket access and native integration with TradingView for both spot and futures.

Geographic Restrictions by Product

Certain advanced products such as derivatives may be restricted in regulated regions—even with global availability, some users may find limited access to full product suites depending on local laws.

Certain products like futures or margin may be restricted in specific jurisdictions (e.g., the U.S. and a few others), while some regions also face limits on fiat methods or lending services.

Innovation

While lacking a traditional launchpad, BiKing does offer bonus-mode trading (a task-based rewards system) and appears exploring features like GameFi zones to engage users in flexible, incentive-driven trading experiences.

WhiteBIT includes launchpad functionality (exclusive token offerings for WBT holders) and offers both flexible and locked staking/earn options, adding modern utility for active community participants.

Security, Regulation & Custody

Operating Entity & Jurisdiction

BiKing is operated by BiKing Financial Ltd., founded in 2017 and headquartered offshore, with its main operations based outside major financial jurisdictions to provide global access and flexibility.

WhiteBIT operates under the legal umbrella of multiple entities—primarily UAB Clear White Technologies in Lithuania (founded in 2018, headquartered in Vilnius), with regional branches in the Czech Republic, Poland, Bulgaria, Australia, Hong Kong, Saint Vincent & the Grenadines, and Georgia to support global operations.

Licenses/Registration

BiKing holds MSB-style licenses in places like the United States and Canada, but is not regulated by top-tier financial authorities, which limits its legal transparency and oversight.

The exchange holds Virtual Asset Service Provider (VASP) licensing in several jurisdictions (notably across parts of the EU), aligning with evolving regulatory frameworks like MiCA, and has recently expanded into markets such as Italy, Croatia, and Kazakhstan under appropriate local supervision.

Custody

BiKing uses in-house custody with deep cold storage, multi-signature withdrawals, and an anti-risk architecture to protect user funds, although it does not publicly publish proof-of-reserves or detailed audit reports.

WhiteBIT keeps approximately 96% of user funds in cold storage (multisig-protected), audited by a third party (Hacken) to confirm 1

Insurance & Protection Funds

There’s no publicly disclosed insurance or user compensation fund, meaning users rely primarily on BiKing’s internal security framework rather than external protection schemes.

The platform maintains an insurance fund—sourced from trading fees—that covers its cold storage holdings, with protections currently valued at around $30 million USD to shield users against losses from unforeseen incidents.

Incident History

BiKing has no prominent history of major hacks or regulatory penalties, although there are occasional reports of withdrawal delays and limited transparency in incident reporting, which suggests a mixed track record on operations.

WhiteBIT has never suffered a known hack. It actively works with law enforcement, enforces strict AML controls, and maintains a bug bounty program; no freezes, major suspensions, or punitive fines have been reported.

Risk Controls

The platform supports robust safety features such as two-factor authentication, encryption, intrusion prevention systems, and expressive API controls, all reinforced by firewall protections and multi-layer risk policies.

The platform enforces multiple layered security measures, including mandatory 2FA, anti-phishing codes, IP and address whitelisting, granular API permissions, and optional sub-account creation to segment risk.

Transparency

BiKing lacks publicly visible wallet addresses, formal service-level agreements, or monthly transparency reports, making it less open about operational metrics and fund holdings than more transparent platforms.

WhiteBIT demonstrates commitment to transparency via regular Proof-of-Reserves reports, although detailed monthly financial or SLA disclosures and public wallet listings are limited; communication with regulators and law enforcement remains active.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

BiKing does not support traditional fiat deposit methods—like bank transfers, cards, or e-wallets—so there’s no associated limits or processing times to consider.

WhiteBIT accepts fiat deposits via bank cards (Visa/MasterCard), SEPA transfers (for EUR), Apple Pay, Google Pay, Checkout, Volet.com, and ZEN, with minimums typically around € 10 or equivalent. Deposit speeds vary: card and e-wallet methods often process within minutes, while SEPA transfers may take several business days.

Supported Fiat Currencies & Conversion

BiKing does not support traditional fiat deposit methods—like bank transfers, cards, or e-wallets—so there’s no associated limits or processing times to consider.

KYC (Verification Levels)

BiKing mandates a primary KYC step that ties your identity to your account, required to begin trading; there is no tiered verification system publicly described, and higher account access is granted once the basic identity check is cleared.

KYC verification is mandatory to access fiat deposits, withdrawals, and trading; there are no tiers for limited or anonymous access—users must undergo full KYC (document + liveness check), which unlocks full platform capabilities without predefined tier-based limits.

Withdrawals

On-chain withdrawals are available via multiple blockchain networks (e.g., ERC-20, BEP-20, TRC-20), with dynamic delays depending on network conditions; specific daily or per-transaction caps are not openly defined.

Crypto withdrawals are handled via supported networks like TRC20, ERC20, BEP20, etc., with variable network fees and executed quickly (usually within ~10 minutes). Withdrawal limits scale significantly post-KYC—from low caps like 2 BTC/day for unverified to approximately 100 BTC/day for verified accounts.

Customer Support

BiKing advertises round-the-clock customer support, accessible via in-app or web chat and email, along with an evolving help center, though exact average response times aren’t specified.

Support is available 24/7 via live chat and email; help center articles and tutorials offer self-service guidance. Users report responses typically within minutes to a few hours, though peak times may extend that slightly.

Languages & Localization

The interface is fully available in English among other languages; while fees or quotes aren’t localized to € or $ specifically, the platform remains region-agnostic without deep alignment to particular local regulatory setups.

Interface is fully available in English and several local languages, displaying prices and fees in both €/USD and other fiat. The platform adjusts services based on local regulatory compliance, including availability of certain deposit/withdrawal options per region.

App Quality & Stability

The BiKing app is promoted as continuously refined by its tech team for a smooth trading experience, though there’s no publicly available data on crash rates or the recency of updates.

WhiteBIT’s mobile apps for iOS and Android are known for smooth performance, regular updates, and robust stability; while specific crash rates are not public, user reviews consistently cite reliable functionality and fast feature rollout.

Experience, Performance & Ecosystem

UX/UI

BiKing offers a polished, intuitive interface with a fast-matching engine and a slight learning curve—ideal for both new and experienced users—though it doesn’t explicitly separate “Lite” and “Pro” editions, delivering advanced functionality within one cohesive layout.

WhiteBIT offers an intuitive interface that balances simplicity and depth, making navigation easy for beginners, while its advanced trading terminal—with switchable Lite and Pro styles—caters to professionals needing detailed analysis tools and market data.

Performance

The platform emphasizes microsecond-level order matching and anti-risk mechanisms to keep operations stable during spikes in market volatility, maintaining responsiveness when others might lag.

The platform delivers ultra-low latency via WebSocket and API streams—down to millisecond-level speed—while high-traffic periods remain smooth thanks to colocation and robust infrastructure; KYC verification typically clears quickly even during peak demand.

Education

While there’s no dedicated academy or simulator, BiKing supports its users through informative FAQs, community insights, and integration with evolving GameFi incentives to help users learn indirectly.

WhiteBIT provides educational resources like tutorials, help-center articles, and multilingual content, but currently lacks a built-in demo mode or simulator, with most materials available in English and select regional languages.

Community

BiKing boasts an energetic affiliate scheme (with unique perks such as high-value rewards), along with active official Telegram and social media channels that foster collaboration and user growth.

Users engage through official community channels—including Discord, Telegram, and forums—and benefit from an easy-to-understand referral program that rewards inviting new users, enhancing peer interaction and platform familiarity.

Integrations

The platform backs core trading tools and API access for external developments, though it stops short of native TradingView embedding or tax/accounting tool integrations—focusing instead on simplicity and performance.

The exchange seamlessly integrates with TradingView for charting and order execution, offers API access for external bot automation, and supports tax/accounting tools like Koinly for portfolio tracking and reporting.

Who Each One Is Best For

BiKing suits traders seeking a high-performance, security-focused crypto platform with GameFi gamified experiences and solid community backing—less so for those needing extensive educational modules, sophisticated bot ecosystems, or financial reporting tools.

WhiteBIT suits traders seeking a secure, flexible platform with strong performance, advanced tools, and community engagement—ideal for serious retail and semi-pro users drawn to both usability and robust ecosystem support.