About bitkub exchange
Bitkub Features
The Bitkub exchange is still considered new. Hasn't yet provided a wide range of features. However they do offer limit and market orders, for trading although futures/derivatives trading is not available at the moment. Below you'll find a breakdown of all the features offered on Bitkub.
1. Buying and selling cryptocurrencies; Bitkub currently allows trading of 80 cryptocurrencies, including ones like Bitcoin, Ethereum, Tether and Cardano.
2. Bitkub Mobile App; There's also a mobile app version of the Bitkub exchange that you can access on both Android devices. The app offers the functionality and user interface as its web counterpart. It has received ratings with 4.3 stars out of 23K reviews on Google Play store and 4 stars from 7K reviews, on the app store.
3. 24/7 Support; Bitkub stands out among Thai exchanges by providing round the clock customer support.
4. High Reward Referrals Program; To encourage users to refer their friends Bitkub offers a program. When you refer a friend to the platform they receive a 20% cash offer while you earn an 80% commission based on their fees.
Bitkub Fees
Bitkub offers some of the fees, in Thailand with an attractive trading fee of 0.25% which is significantly lower than the industry average of 0.5%. Besides the trading fees there are no charges for depositing funds on the platform and withdrawal fees vary depending on the token you wish to withdraw.
For instance when withdrawing BTC the fee is set at 0.0002 BTC. In comparison the average global BTC withdrawal fee is 0.0008 BTC giving Bitkub an advantage, over platforms. To get a breakdown of Bitkubs fees we recommend visiting their Fees Schedule page.
Is Bitkub Safe?
Indeed Bitkub has earned a reputation, as the secure cryptocurrency exchange, in Thailand. They prioritize the protection of their users information. Take care to ensure that all shared data remains confidential. To bolster security they have implemented Two factor authentication (2FA) to prevent access using usernames and passwords.
Furthermore a significant portion of the exchanges funds are stored offline in storage effectively safeguarding against hacking attempts. Remarkably Bitkub has successfully operated for five years without experiencing any cyber attacks thanks to their security measures. Additionally they employ encrypted SSL (https) for all traffic and digitally encrypt all data for added protection.
Is Bitkub Regulated in Thailand?
Indeed Bitkub operates as an asset exchange, in Thailand under the regulation and authorization of the Thai SEC (Securities and Exchange Commission). This means that they have obtained a license to carry out their operations. Additionally Bitkub is registered with seven subsidiaries that fall under the supervision of the Bank of Thailand.
The Thai SEC imposes regulations and guidelines on companies like Bitkub to ensure the safety of users funds. Bitkub is fully committed to adhering to all laws, rules and regulations while conducting their business activities. This includes compliance with money laundering requirements and international standards.
Bitkub has established itself as a provider of asset exchange services in Thailand by offering users a secure trading platform. They have implemented security measures such as two factor authentication and cold storage for safeguarding users funds. Moreover for an added layer of protection the company has acquired an insurance policy that covers losses up, to 5 million baht in case of cyberattacks or hacks.
Tips and Trading Strategies
To wrap up our review of Bitkub Exchange here are some tips and strategies to maximize your cryptocurrency trading experience;
Stay Informed; Keep yourself updated on the cryptocurrency market by staying updated with news following figures and analyzing price charts.
Diversify Your Investments; Avoid putting all your resources into a cryptocurrency. Instead spread your investments, across cryptocurrencies to minimize risk.
Choose Your Approach; Decide whether you want to be a long term investor (hodler) or an active trader. Each approach has its advantages and risks.
Manage Risk; Implement stop loss orders to limit losses and ensure that you only invest what you can afford to lose.
In summary Bitkub Exchange provides a user platform for both beginners and experienced traders. With its security measures, range of cryptocurrencies and intuitive interface it is an outstanding option for anyone entering the world of cryptocurrency trading.
Begin your cryptocurrency journey with Bitkub today. Witness the growth of your investments, in this ever evolving market!
Customer Support
You can get in touch with the support team anytime as they are 24/7, through the Live Chat feature. Additionally Bitkub offers a FAQs section and a "Coin Directory" for your reference. The support services are not limited to Bitkub traders only; they are open, to anyone who wants to learn about Bitkub. You can receive customer service assistance in Thai, English, Mandarin and Cantonese languages.
Final Thoughts
To summarize Bitkub is a known cryptocurrency exchange that operates in Thailand and caters to, than 6 million Thai residents. The platform allows users to trade 80 cryptocurrencies and offers fees. It has a user app available for both Android and iOS devices. Bitkub prioritizes security by implementing measures such as two factor authentication (2FA) and cold storage while also adhering to regulations set by the Thai SEC. Additionally they provide round the clock customer support in languages making it a trustworthy and convenient choice for cryptocurrency trading, within Thailand.
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