WhiteBIT, a crypto exchange based in Vilnius, Lithuania, has launched WB Check, a new tool to make transferring digital assets easier across different wallets and platforms. The tool simplifies transfers and helps users send assets without requiring the recipient to have a WhiteBIT account.
According to the report, the checks are valid for five years, so the receiver can claim the amount anytime they want. The procedure is simple: the sender chooses the amount and currency, and the receiver just has to include their wallet details to get the amount instantly.
Simplifying crypto transfers
WB Check addresses real-life problems that slow down digital asset transfers. Often, sending crypto requires negotiation over wallets or waiting for verification, which can be frustrating when sharing project rewards or reimbursing expenses. WhiteBIT designed WB Check for these exact situations. It allows instant transfers without extra steps or registration.
“WB Check continues our work on making digital asset tools more convenient and accessible for everyday use,” said Volodymyr Nosov, Founder and President of the W Group ecosystem. He added that users should not have to change wallets or go through long processes just to receive money.
“Our goal is to develop solutions that support financial autonomy, encourage broader adoption of digital assets, and help shape a more mature and user-oriented financial culture.” He said.
How the WB Check works
The tool offers flexibility with two security levels:
- Revocable WB Checks can be canceled by the sender at any time before the recipient withdraws funds.
- Irrevocable WB Checks require a six-digit access code and cannot be canceled once they are created.
The checks can be shared using a link, email, or a QR code, which makes it easy to send assets across different time zones or outside traditional working hours. The recipient fills in their own wallet details, so there is less chance of mistakes.
Here is how it works
- To create open Products —> U Finance” → “WB Checks — Choose the amount and select a security level: Revocable — no password required, the Sender can cancel the WB Check anytime before the recipient withdraws funds from it. Or Irrevocable — requires a 6-digit access code; cannot be canceled after creation.
- Share — Send via link, email, or print a PDF/QR code.
- Claim — Recipient enters their wallet address and receives the assets instantly.
Practical uses for everyone
The checks can be used in different situations. It can be used to send rewards or payments after events, return or move money without asking the other person to create an account, or gift crypto to newcomers who may not have chosen a platform yet. Transfers are instant and secure, and can be claimed for up to five years.
WhiteBIT said the check is now available for its users and can be used on supported wallets and exchanges, depending on local rules.
Also Read: Franklin Templeton Expands Tokenized Fund Platform to Canton Network
