Bitkub is a leading Thai cryptocurrency exchange that facilitates spot trading for over 163 cryptocurrencies, exclusively using the Thai Baht (THB) as the base currency. The platform charges a flat trading fee of 0.25% for all transactions and imposes no fees on deposits. The minimum deposit required to start trading is just THB 40.
Introduction to Bitkub Exchange
Founded in February 2018 by Jirayut Srupsrisopa and directed by Thaweesap Rawan, Bitkub is one of the first digital asset exchanges to be licensed by the Thai Securities and Exchange Commission (SEC). With a registered capital of 450 million Baht and an office based in Bangkok, the platform has grown to serve over 5 million users.
Key partnerships with established custodians like BitGo and Coinbase Custody enhance its security infrastructure. While Bitkub has faced operational challenges in the past, including system outages that led to regulatory penalties, it remains a significant player in Thailand’s crypto landscape.
Key Features of Bitkub
Bitkub is designed to serve both new and experienced traders in the Thai market. Below are some of its standout attributes:
- Supports 163 cryptocurrencies
- Over 5 million registered users
- Integrated custodian solutions via BitGo and Coinbase Custody
- Operates under regulatory oversight from the Thai SEC
- Mobile apps available for iOS and Android
Advantages and Disadvantages
Like any trading platform, Bitkub has its strengths and weaknesses.
Pros:
- User-friendly interface suitable for beginners
- Competitive flat trading fee structure
- 24/7 customer support availability
- Native mobile applications for trading on the go
Cons:
- Limited fiat currency options (THB only)
- Past regulatory issues and system instability
- No leverage or futures trading offered
- Lacks social or copy trading features
User Verification Tiers
Bitkub employs a four-level KYC (Know Your Customer) verification system to comply with anti-money laundering regulations. Each level unlocks higher transaction limits and additional features.
| Feature | Level 0 | Level 1 | Level 2 | Level 3 |
|---|---|---|---|---|
| Max THB Deposit | No Access | 1M – 2M THB | 1.25M – 50M THB | Custom |
| Max THB Withdrawal | No Access | 1M – 2M THB | 1.25M – 50M THB | Custom |
| Max Coin Deposit | No Access | Unlimited | Unlimited | Unlimited |
| Max Coin Withdrawal | No Access | 2M - 4M THB equivalent | 1.25M - 50M THB equivalent | Custom |
Fee Structure
Bitkub uses a straightforward fee model:
- Trading Fee: 0.25% for both makers and takers
- Deposit Fee: Free for all methods
- Crypto Withdrawal Fee: Variable, based on network conditions
- THB Withdrawal Fee: Tiered based on amount and bank
THB withdrawal fees are updated multiple times daily. Kasikorn Bank (K-Bank) users benefit from the lowest rates:
| THB Amount | K-Bank Fee | Other Banks Fee |
|---|---|---|
| 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 |
The minimum trade size is THB 10, making the platform accessible to traders with smaller budgets.
Supported Cryptocurrencies
Bitkub supports 163 digital assets, all traded against the Thai Baht. There are no crypto-to-crypto trading pairs available at this time. Popular supported cryptocurrencies include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Tether (USDT)
- Binance Coin (BNB)
- Bitkub Coin (KUB)
The native token, KUB, has a maximum supply of 1 trillion coins and serves multiple purposes within the ecosystem, including fee discounts, staking rewards, and functioning as gas on the Bitkub blockchain.
Leverage and Trading Options
Bitkub does not currently offer leveraged trading products such as margin or futures trading. The exchange focuses solely on spot trading, emphasizing a lower-risk environment for its users. The platform has indicated that crypto-to-crypto trading pairs may be introduced in the future.
Account Registration and KYC Process
As a regulated entity, Bitkub requires all users to complete a multi-step verification process:
- Registration: Visit the official website, complete the sign-up form, and accept the terms of service.
- Crypto Quiz: Pass a basic cryptocurrency knowledge test.
- Mobile Verification: Use the Bitkub mobile app to scan a QR code and proceed.
- Level 1 Verification: Submit a selfie and valid ID (Thai ID card or passport).
- Level 2 Verification: Provide a bank statement to verify financial sources.
- Level 3 Verification: Contact support directly for elevated limits and institutional access.
Trading Platform and Mobile App
Bitkub offers a web-based trading platform integrated with TradingView charts, technical indicators, and alert systems. The platform supports:
- Market, limit, and stop-limit orders
- Advanced charting tools
- API access for automated trading strategies
Mobile apps for iOS and Android provide full functionality, allowing users to trade and manage their portfolios on the go. 👉 Explore advanced trading tools
Security Measures
Bitkub prioritizes security through the following measures:
- Cold storage solutions via BitGo and Coinbase Custody
- AES-256 encryption for data protection
- Two-factor authentication (2FA)
- DDoS protection powered by Cloudflare
- A bug bounty program to identify vulnerabilities
Although the platform is regulated by the Thai SEC, it does not offer investor protection insurance or fraud reimbursement programs.
Payment Methods
Bitkub supports Thai Baht deposits through:
- Bank transfers (minimum THB 40,000, ~3 business days processing)
- QR code deposits (minimum THB 40, <24 hours processing)
- Bahtnet transfers
Deposits are free, but intervening banks may charge transaction fees. Withdrawals are processed via bank transfer, with Kasikorn Bank users enjoying a flat THB 20 fee and a maximum withdrawal limit of THB 5,000,000 per transaction.
Trust and Reputation
Bitkub has received mixed reviews from users and experts. On TrustPilot, the platform holds a rating of 2.5/5 based on 17 reviews, with a significant number of negative comments. However, CoinGecko rates it 8/10, reflecting a more favorable expert assessment.
Additional Services
Bitkub offers several ancillary services:
- Staking: Available only for KUB token holders, offering rewards and fee discounts
- Affiliate Program: Provides 20% cashback on referred users’ trading fees
- API Access: Allows developers to build automated trading solutions
Notably, the platform does not support yield farming, liquidity pools, or crypto card services.
Geographic Restrictions
Bitkub restricts access for users from several jurisdictions, including:
- United States
- United Kingdom
- India
- Canada
- Australia
- Singapore
- Germany
- France
These restrictions are in place to comply with international regulations and Thai SEC guidelines.
Frequently Asked Questions
Is Bitkub safe to use?
Yes, Bitkub is licensed by the Thai SEC and uses industry-standard security measures, including cold storage and 2FA. However, it does not offer fund insurance.
What is the minimum deposit on Bitkub?
The minimum deposit is THB 40 when using the QR code method. Bank transfers require a minimum of THB 40,000.
Can I trade cryptocurrencies against each other on Bitkub?
No, Bitkub only supports crypto/THB trading pairs. Crypto-to-crypto trading is not available.
Does Bitkub charge deposit fees?
No, deposits are free. However, your bank may impose transaction fees.
What is Bitkub Coin (KUB) used for?
KUB is the native utility token used for fee discounts, staking rewards, and as gas on the Bitkub blockchain.
How do I contact Bitkub customer support?
Support is available 24/7 via email, phone, ticket system, and an in-app chatbot.
Conclusion
Bitkub is a robust platform for Thai residents seeking to trade cryptocurrencies using the local fiat currency. With its user-friendly interface, competitive fees, and regulatory compliance, it serves as a gateway to digital assets for millions of users. While it lacks advanced features like leverage trading and has faced operational challenges in the past, its focus on security and accessibility makes it a notable exchange in the region. 👉 Discover more trading strategies