A balance accepting deposits and withdrawals of cryptocurrency and national currency.
Balance Spot (Balance Trade)
Balance for spot trading. This balance supports non-marginal trading (order placement) and currency exchange.
Best-bid-offer (BBO)
Best-bid-offer (BBO) determines limit order prices based on market conditions. In the counterparty method, for buy orders the system uses the lowest ask price in the order book; for sell orders, the highest bid price. The queue method uses the highest current buy price (Bid) for buy orders and the highest ask price for sell orders.
“Conditional orders” is a collective term for orders with conditions. Currently, these include OTO (One Triggers the Other) and OCO (One Cancels the Other) orders.
Crypto Lending
Crypto Lending enables earning passive income by lending funds to the exchange in a chosen cryptocurrency for a set period.
The EEA is an international agreement enabling the extension of the European Union’s single market to non-EU member states. The EEA consists of the EU member states and three EFTA states (Iceland, Liechtenstein, and Norway).
The platform charges a fee for crypto transactions.
Fiat
A currency (a medium of exchange) established by government regulation as money but without intrinsic value (value independent of the nominal value, such as a precious metal might have).
Finished orders
A list of all completed (executed) orders including order ID, date, amount, price, conditions, and other relevant data.
Futures trading supports opening Long and Short positions and using leverage. Traders pay a fee for using borrowed funds to each other, not to the exchange.
An automated trading strategy involving executing a large number of orders at extremely high speeds, typically utilizing colocation services to minimize latency.
The time delay between sending a trading order and order execution. In high-frequency trading, traders measure latency in milliseconds or microseconds.
A maker is a trader who places limit orders on the order book, setting the price and quantity of the trade, and waits for another trader to accept the order.
Margin trading
The use of exchange’s funds to trade assets enables placing orders for sums exceeding the initial deposit several times. The initial deposit is called “margin,” and the margin size depends on the leverage.
The core system of an exchange pairing buy and sell orders. In colocation setups, exchanges position trading servers close to the matching engine to minimize execution time.
Memo (destination tag)
A special identifier some cryptocurrency networks require for transactions. Depositing and withdrawing some cryptocurrencies, such as Ripple (XRP) and Stellar (XLM), requires specifying a memo.
Money
The currency used to buy and sell assets on a trading platform.
Multinetwork
Cryptocurrency like USDT exists on different networks (e.g. OMNI, Tron, Ethereum). Traders select the network when making a deposit or withdrawal.
An OCO order combines a limit order with a stop-limit; only one executes. When one order fills, the platform automatically cancels the other.
One Triggers the Other (OTO)
OTO is a trading feature where fulfilling a primary order automatically sets corresponding stop loss and take profit orders. OTO allows specifying prices for stop loss and take profit when creating the primary order.
Order book
A separated list of buy (bids) and sell (asks) active orders for a specific market.
A type of derivative contract for trading cryptocurrencies with no expiration date and daily rollover.
Position side
Defines the position direction for a trade when hedge mode is enabled, and only for perpetual futures trading Market.
“LONG”: Represents a long (buy) position.
“SHORT”: Represents a short (sell) position.
“BOTH”: Applies to both long and short positions, typically used in query contexts.
Precision
The number of digits to the right of the decimal point.
Provider
Fiat currencies have different providers facilitating deposits and withdrawals by bank transfers.
Refund returns funds for a canceled deposit. The refund address must support the same network and asset as the original deposit. The refund address cannot be a WhiteBIT address. Use the Refund deposit endpoint to request a refund.
Retail Price Improvement (RPI)
Retail Price Improvement (RPI) defines a limit order mode improving execution for retail users and keeping the order out of public market data feeds.VisibilityPublic depth and bookTicker feeds exclude RPI orders in both WebSocket and REST responses. Private active order endpoints and private WebSocket streams return RPI orders. The exchange UI order book (web and mobile) displays RPI orders.IOC compatibilityRPI orders use post-only behavior by design. An RPI order does not support the IOC flag. The API returns error code 37 when a request sets both rpi=true and ioc=true.FeesRPI executions apply a specific fee or rebate model defined for the account. When a user trades through a sub-account, the system applies the effective sub-account fee configuration. Use the Query Market Fee or Query All Market Fees endpoints to retrieve effective fees.
STP is a mechanism preventing traders from executing trades against own orders. STP helps avoid unintentional self-trading and ensures market integrity by automatically canceling or modifying orders resulting in a self-match.
A stop-limit order has both the stop and the limit prices. When the market price at the pair reaches the stop price, the order activates and executes as a basic limit order.
Stop market order
A stop-market order executes when the market price reaches the stop price. Traders use stop-market orders to limit losses during market volatility.
Stop price
A price set in advance to trigger a stop order.
Sub-account
A main account manages a sub-account. The main account assigns specific permissions to the sub-account (for example, the main account disables margin trading).A sub-account can use a custom trading fee or rebate model defined for the sub-account. Use Query Market Fee and Query All Market Fees to retrieve effective fees when an API key belongs to a sub-account.RPI trading uses account-specific fees or rebates. When a user places RPI orders through a sub-account, the system applies the effective sub-account fees. Use Query Market Fee and Query All Market Fees to verify fees for RPI executions.
A risk management feature to automatically close positions at predefined price levels. Take Profit (TP) closes at a higher price; Stop Loss (SL) closes at a lower price. These orders help traders manage risk and lock in profits automatically.
Taker
A taker accepts an existing order from the order book, taking liquidity from the market.
Ticker
An alphabetic and/or numeric abbreviation of the name of a digital asset. (BTC - Bitcoin ticker).