Bitkub Crypto Exchange Review – Is Bitkub.com Safe and Legit? (A Complete Review to Guide Beginners)

Bitkub is Thailand’s native centralized cryptocurrency exchange. It was founded in 2018 and is based in Bangkok, considered to be Thailand’s second-largest cryptocurrency exchange in terms of registered users and trading volume. Bitkub.com has more than 6 million registered users which is approximately 10% of the overall population of Thailand.

Bitkub trading platform is deeply rooted in the banking systems of Thailand and hence it makes it easier for people to convert fiat into crypto and vice versa. Its unique referral system rewards the customer with 20% cashback and many more. Bitkub crypto exchange supports only Thailand Baht (THB) as a fiat currency. Although it is based in Thailand, it is available for other traders at the global level.

Bitkub Supported Cryptocurrencies

Bitkub crypto exchange supports 80+ cryptocurrencies including major and minor digital assets like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and a few others. Bitkub.com keeps updating its coin listing and keeps the customers informed about the coin listing. Currently, the Bitkub trading platform only supports Thailand Baht (THB) as a fiat currency and is controlled by the banking system of Thailand.

Deposit, Withdrawal and Fee Structure of Bitkub

Almost every bank in Thailand supports the exchange and allows customers to deposit and withdraw through the accounts and wire system. Deposit and withdrawal through banks require 5 minutes which can be extended up to 2 hours depending upon the amount and timeframe of the banking system.

Bitkub.com trading platform is well-known for the distinguishing feature that it doesn’t charge from makes and takers in trade. Bitkub has a flat fee model which is 0.25% which aligns with the average fee structure of the market.

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The withdrawal fee for Bitcoin (BTC) is 0.0002 BTC which is a comparatively low fee as compared to the other competitors which charge 0.0008BTC. 

Is Bitkub.com safe?

Bitkub.com has a reputation as the most safe and secure cryptocurrency exchange in Thailand. It uses many advanced forms of security protocols to ensure the safety of the digital assets of the customers. To secure unauthorized access, customers will have to enable two-factor authentication (2FA).

Bitkub crypto exchange has a physical location in Bangkok, Thailand which gives a sense of security to the customers that they can reach out to the spot in case of any trouble. Moreover, the Bitkub trading platform notifies the customers of the latest updates to make them aware of fraudulent activities by spreading awareness.

Trading Experience of Bitkub.com

Each exchange offers unique trading perspectives. There’s no one-size-fits-all view. You need to find the one that fits you best. Most trading views display order books, price charts, and order history. They also include buy-and-sell boxes. Before picking an exchange, check its trading view to ensure it suits your needs and feels comfortable for you.

Customer Service Centre of Bitkub

Customer support service is another strength of the exchange which enhances the trust of the customers. Users can reach out to the support team of the exchange through Live Chat Feature which is available 24/7.  

Bitkub has an extensive section of FAQs which answer all of the basic questions and has a coin directory to guide the customers. Bitkub.com offers customer support in multiple languages i.e., Thai, Cantonese, Mandarin and English.

Pros and Cons

Pros

• It has a mobile app for both Android and iOS mobile users
• Registered with Thailand’s financial regulatory authorities
•   Customer support service is a stronghold of Bitkub.com
• Centralized exchange
• Integrated with banking systems of the state

Cons

• Supports only one fiat currency which is the Thailand Baht (BHT)
• Limited collection of supported cryptocurrencies

Concluding Remarks

To summarize, Bitkub stands as a leading cryptocurrency exchange serving over 6 million Thai residents. With support for trading 80 cryptocurrencies, competitive fees, and a user-friendly mobile app for both Android and iOS, Bitkub is recognized for its robust security measures, regulated status by the Thai SEC, and round-the-clock multilingual customer support. As this can be a biased review based on personal experience, so it is highly advisable to do complete research before selecting the exchange. Compare the features of the exchange and your needs then select the exchange to be on a safe and beneficial side.