Bitkub offers Spot trading on 163 cryptocurrencies, with THB as the base currency for all trading pairs.
The trading fee for all positions is 0.25%, and all deposits are free. The minimum deposit on Bitkub exchange is THB 40.
Bitkub; An Introduction to the Crypto Exchange
Bitkub is a cryptocurrency exchange based in Thailand, founded in February 2018 by Jirayut Srupsrisopa.
Directed by Thaweesap Rawan, the company is one of the first crypto platforms to acquire a license from the Thai SEC. Key features of Bitkub:
- Office in Bangkok, Thailand
- 163 cryptocurrencies
- 5M+ users
- Partnership with BitGo and Coinbase Custody for custodian solutions
- Highest crypto trading volume in Thailand
It's worth noting that the platform has faced system outages and disruptions, leading to regulatory intervention by Thailand's SEC in 2021. As a result, the company was fined 3.9 million baht for various infractions.
Bitkub Specific Features
Bitkub offers a range of features catering to novice and experienced traders in the Thai market.
Exchange | Bitkub |
Launch Date | 2018 |
Levels | 4 levels |
Trading Fees | 0.25% |
Restricted Countries | N/A |
Supported Coins | 163 |
Futures Trading | No |
Minimum Deposit | THB 40 |
Deposit Methods | Crypto, Fiat |
Withdrawal Methods | Crypto, Fiat |
Maximum Leverage | 1:1 |
Minimum Trade Size | THB 10 |
Security Factors | Cold storage, BitGo and Coinbase Custody solutions |
Services | Referral, Spot trading, Daily rewards |
Customer Support Ways | Ticket, Email, Phone, Chatbot |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | Bitkub Coin (KUB) |
Bitkub Exchange Advantages & Disadvantages
To help you make an informed decision, let's weigh the pros and cons of using Bitkub.
Pros | Cons |
User-friendly interface | Limited fiat options |
Competitive trading fees | Regulatory challenges in the past |
24/7 support | Limited leverage options |
Native mobile app for iOS and Android | No copy trading services |
Does Bitkub Offer User Levels?
In this Bitkub review, we must mention that the exchange offers different user levels through its Know Your Customer (KYC) verification process, which determines daily deposit and withdrawal limits.
Features | Level 0 | Level 1 | Level 2 | Level 3 |
Max THB Deposit | No Access | 1M – 2M | 1.25M – 50M | Custom |
Max THB Withdrawal | No Access | 1M – 2M | 1.25M – 50M | Custom |
Max Coin Deposit | No Access | Unlimited | Unlimited | Unlimited |
Max Coin Withdrawal | No Access | 2M - 4M THB | 1.25M - 50M THB | Custom |
Bitkub Fees and Commissions
The exchange employs a competitive fee structure for its users. Here's a breakdown of the key points about Bitkub trading and non-trading costs:
- Trading: A flat fee of 0.25% on all trades
- Deposit: Free
- Crypto Withdrawal: Variable based on the coin
THB withdrawals have a transaction cost that differs based on your banking system. K-Bank offers the lowest rates.
THB Amount | Withdrawal Fee (K-Bank) | Withdrawal Fee (Other Banks) |
0 – 100,000 | THB 20 | THB 20 |
100,001 – 500,000 | THB 20 | THB 75 |
500,001 – 2,000,000 | THB 20 | THB 200 |
2,000,001 – 20,000,000 | THB 20 | Unavailable |
Which Cryptocurrencies Are Available on Bitkub Exchange?
The company supports a wide range of 163 cryptocurrencies, allowing users to diversify their portfolios. Some of the key cryptocurrencies available on the platform include:
- Bitkub Coin (KUB)
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Tether (USDT)
- Binance Coin (BNB)
Does Bitkub Provide Leverage Options?
Bitkub does not support leveraged trading, including Margin trading or Futures contracts. This approach is likely due to the higher risks associated with leverage options, which can lead to significant losses for traders.
The exchange focuses on providing Spot trading on THB pairs. Bitkub has announced that it will soon add Crypto/Crypto trading pairs.
Account Registration and KYC
As mentioned earlier in this Bitkub review, the exchange operates in compliance with the Thai SEC, and as a result, it has implemented a 4-tier verification system, each requiring different documents.
- Visit the exchange’s official website;
- Click “Sign Up”;
- Fill out the registration form;
- Accept terms and conditions;
- Answer the cryptocurrency quiz;
- Click “Verify Now” and scan the QR code to continue the KYC process via the Bitkub app;
- Provide proof of identity (ID card, passport, and selfie) for KYC Level 1;
- Upload bank statement for KYC Level 2;
- Contact the support team for KYC Level 3.
Bitkub App and Trading Platform
The exchange offers a web-based trading platform and mobile apps for iOS and Android devices, both of which have access to TradingView charts.
TradingFiner has developed a comprehensive list of TradingView indicators that you can use for free.
Bitkub Exchange Safety Factors
Bitkub takes the security of its users' data and funds seriously. This is evident in the company’s partnership with BitGo and Coinbase Custody to provide custodian solutions. Key security measures on Bitkub:
- Cold Wallets
- AES-256 data encryption
- 2FA
- DDoS protection on Cloudflare
- Bug Bounty Program
What Payment Methods Does Bitkub Support?
The company allows THB deposits and withdrawals. While withdrawals are processed via bank transfers, there are various methods for depositing THB, including:
- QR Code
- Bank Transfer
- Bahtnet
While crypto deposits are unlimited, withdrawal limitations vary based on the KYC level.
Bitkub Exchange Trust Score
The platform has garnered mixed reviews from customers and experts. There are 17 comments on the Bitkub TrustPilot profile, resulting in a poor score of 2.5/5. However, CoinGecko experts have rated the platform as a good exchange, scoring 8/10.
Bitkub Customer Support
The company boasts 24-hour support, all days. Bitkub has implemented various support channels, including:
support@bitkub.com | |
Ticket | Through the “Contact Support” page |
Phone | 1518 or +66 2-032-9555 |
Chatbot | With access to the exchange’s FAQ section |
Copy Trading Services and Investment Plans
One of the biggest letdowns in this Bitkub review is the lack of investment plans. While the company doesn’t provide a crypto copy trading software, it has developed a public API for automated trading.
The company also offers an Affiliate program with a 20% cashback for digital token trading plus an additional 20% bonus of the trading fee.
Bitkub Exchange Jurisdictional Restrictions
While the company hasn’t disclosed any specific information about geo-restrictions on its website, it indicates that services are prohibited to certain people and jurisdictions, including:
- Persons under the list of suspected terrorists or similar listings under the laws of the EU, UK, or any other countries
- Sanctioned countries by the Financial Action Task Force (FATF)
- Sanctioned regions and persons by the S. Department of the Treasury
Writer's Opinion and Conclusion
Bitkub provides access to Crypto/THB trading pairs with no leverage options. The company supports the Bahtnet payment method for THB deposits. KYC is mandatory on the platform. The Bitkub exchange has a poor TrustPilot score of 2.5.