Whitelisting is a process that allows users to gain approved access to specific resources or privileges within a network or application. In the context of crypto, it often refers to a list of approved wallet addresses or investment participants.When a wallet address is whitelisted, it is granted enhanced access, such as the ability to buy or sell tokens during an Initial Coin Offering (ICO) or participate in exclusive events. This helps projects manage who can access their offerings and adds a layer of security by preventing unauthorized transactions.Whitelisting can also apply to exchanges, where only verified accounts can conduct certain activities, thus reducing fraud risks. Projects may require users to complete verification steps before adding their addresses to the whitelist.Overall, whitelisting is a crucial tool for managing risk and ensuring a secure investment environment, enhancing trust between participants and developers or issuers.