bitkub Review 2024

Our veredict

Bitkub, Thailand’s leading cryptocurrency exchange, offers a secure and user-friendly platform tailored primarily for Thai users. Established with a strong focus on the local market, Bitkub is fully regulated by the Thai government, providing an extra layer of trust and security for its users. The platform supports over 200 digital assets, including major cryptocurrencies like Bitcoin and Ethereum, and offers competitive trading fees at a flat rate of 0.25% for both makers and takers. Bitkub also employs robust security measures such as two-factor authentication and encryption protocols to protect user data and assets.

However, Bitkub is not without its drawbacks. The platform has been criticized for its limited cryptocurrency options compared to global exchanges and a customer support service that often falls short of user expectations. Additionally, while Bitkub supports international users, its primary functionality and ease of use are tailored towards Thai residents. Despite these issues, Bitkub remains a strong contender in the regional market, particularly for those who prioritize regulatory compliance and security.

Pros

Low Trading Fees: Bitkub charges a competitive flat fee of 0.25% for both makers and takers, which is attractive for frequent traders.
Security Measures: Bitkub employs advanced encryption and security protocols to protect user funds and data, ensuring a secure trading environment.
Local Bank Partnerships: The exchange has partnerships with almost every bank in Thailand, facilitating seamless fiat deposits and withdrawals through wire transfer and QR code methods.

Cons

Threenvest Score

Fees

0.25% per transaction

U.S Legal

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose bitkub?

Choosing Bitkub as your cryptocurrency exchange has several compelling advantages. Firstly, Bitkub offers one of the most secure trading environments with robust measures like two-factor authentication, SSL encryption, and stringent KYC processes. These security protocols ensure that your assets and personal information are well-protected, giving you peace of mind as you trade.

Secondly, Bitkub is fully regulated by the Thai government, which adds an extra layer of trust and reliability. Regulatory compliance means that the exchange adheres to local financial laws and standards, reducing the risk of fraud and ensuring that your investments are handled transparently. This compliance is crucial for both novice and experienced traders looking for a trustworthy platform.

Additionally, Bitkub supports a wide range of over 200 digital assets, including major cryptocurrencies like Bitcoin and Ethereum, as well as various altcoins and tokens. This extensive selection allows you to diversify your investment portfolio easily and explore different opportunities in the cryptocurrency market. Moreover, Bitkub’s competitive trading fees, set at a flat rate of 0.25%, make it an attractive choice for those looking to minimize costs while trading.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in the field, I highly recommend Bitkub for anyone looking to trade cryptocurrencies, especially within Thailand. Bitkub’s robust security measures, including two-factor authentication and strong encryption, provide a secure environment for trading. The platform’s compliance with Thai regulations ensures a high level of trust and reliability, which is crucial for safeguarding your investments. Additionally, Bitkub offers a wide range of digital assets and competitive trading fees, making it an excellent choice for both new and experienced traders. Despite some areas needing improvement, such as customer support, Bitkub stands out as a solid and trustworthy exchange.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.