Bitkub Review

Bitkub Review

Bitkub is a centralized cryptocurrency exchange that was founded in 2018 and is based in Bangkok, Thailand. It is currently the biggest cryptocurrency investing platform in Thailand by market share and user base. Bitkub services over 6 million Thai residents which is 10% of the entire population in Thailand. 

Table of Contents

Bitkub Platform Review

Platform Highlights

  • Thailand and South East Asia's largest crypto exchange.
  • Trade over 80 cryptocurrencies with 0.25% fees.
  • Intuitive and easy to use Mobile app for Android/iOS.
Bitkub Review
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Audited Proof of Reserves

Bitkub Features

The exchange is still considered relatively new and is yet to offer a large suite of features. Unfortunately, the platform does not offer futures/derivatives trading but they do offer limit and market orders. Below you can find a breakdown of all the features offered on Bitkub

  1. Buying and Selling Cryptocurrencies - Bitkub currently supports the trading of 80 different cryptocurrencies including Bitcoin, Ethereum, Tether and Cardano. 
  2. Bitkub Mobile App - There is an app version of the Bitkub exchange and it is available on both iOS and Android. The application has the same functionality and UI of its web counterpart. On the Google Play store, it is rated 4.3 stars out of 23K reviews and on the app store it is rated 4 stars from 7K reviews
  3. 24/7 Live Support - It is one of the only Thai exchanges to offer 24/7 live customer support.
  4. High Reward Referrals Program - To incentivise users to refer their friends, Bitkub offers an attractive referral program. If you refer a friend to the platform they get 20% cash back and you will receive 80% commission on their fees.
Bitkub Mobile App iPhone Screenshot
Bitkub Mobile App iPhone Screenshot.

Bitkub Fees

Bitkub’s fees are some of the lowest available in Thailand, it offers an attractive trading fee of 0.25% which is considerably lower than the industry average of 0.5%. In addition to the low trading fees, Bitkub does not charge any fees to deposit on the platform and the withdrawal fees vary depending on the token you’re withdrawing.

For example, when withdrawing BTC, it is pegged at 0.0002 BTC. In contrast, the global industry average BTC withdrawal fee is 0.0008 BTC, giving Bitkub an edge over other platforms. If you would like to see a full breakdown of Bitkubs fees, we recommend visiting the Bitkub Fees Schedule

Bitkub Fees Schedule
Bitkub Fees Schedule.

Is Bitkub Safe?

Yes, Bitkub is widely regarded as the safest Thai cryptocurrency exchange. It takes the security of all its users' information as its top priority, ensuring the information provided by its users remains confidential between both parties. It has incorporated Two-factor authentication (2FA) into its design to prevent unapproved entering of usernames and passwords. 

A majority of the exchange funds are stored offline in cold storage to prevent any hacking incidents. The platform has never been subjected to a cyber attack in its 5 years of operation due to its high-security measures. All traffic runs on encrypted SSL (https) and all data is encrypted digitally.

Is Bitkub Regulated in Thailand?

Yes, Bitkub is regulated and authorized by the Thai SEC (Securities and Exchange Commission). The company has a legal license to operate as a digital asset exchange in Thailand. Bitkub is also registered with seven subsidiaries that are supervised by the Bank of Thailand.

The Thai SEC requires companies such as Bitkub to follow certain regulations and guidelines to ensure the safety of users’ funds. Bitkub is committed to complying with all relevant laws, rules, and regulations while operating their business. This includes meeting strict anti-money laundering requirements and comply with international standards.

Bitkub has established itself as a reliable digital asset exchange provider in Thailand by providing users with a secure trading platform. The platform also features advanced security measures such as two-factor authentication and cold storage for its users’ funds. As an added level of safety, the company has put in place an insurance policy that covers up to 5 million baht in the event of any losses due to cyberattacks or hacks.

Customer Support

The support team can be reached 24/7 by its Live Chat feature. Bitkub also has an extensive FAQs section and “Coin Directory”. Support is not restricted to Bitkub traders, it's open to everyone who wants to know about Bitkub. Customer service is provided in Thai, English, Mandarin & Cantonese. 

Bitkub Help Centre
Bitkub Help Centre.

Final Thoughts

Bitkub is the biggest cryptocurrency exchange in Thailand and supports the depositing of Baht from numerous Thai banks. It is tailored for Thai investors and offers 24/7 live support for residents of Thailand. It has competitively low trading, deposit and withdrawal fees. Additionally, its security system is top tier, with the two-factor authentication incorporated to give that extra layer of security. 

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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