Bitkub Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed Bitkub fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
Short introduction of Bitkub
The Bitkub crypto exchange offers an easy-to-use and functional service for exchanging and buying cryptocurrencies. Bitcoin (₿), Ethereum (Ξ), Tether (₮), Bitcoin Cash, Ripple, Cardano, and many other popular altcoins and tokens are available for trading on this exchange. Only Thai baht is represented from among fiat currencies. All the major deposit/withdrawal options, including e-wallets and bank accounts, are available here, plus KYC verification. The platform has low trading commissions — 0.25%, with no trading levels. There are no investment solutions on the platform. Additional (passive) earnings are possible by using a standard referral program with payouts of 20% of the referral fees.
👍 Advantages of trading with Bitkub:
•most popular cryptocurrencies and tokens are available for trading on the exchange;
•the pool of assets is constantly replenished, and a listing is available to users;
•the exchange is characterized by a large trading volume and high liquidity;
•commissions are lower than the market average and do not depend on the trading volume;
•TradingView browser is easy to use and intuitive;
•the exchange has an application for mobile trading for iOS and Android;
•the site is protected from DDoS attacks;
•funds are stored cold;
•support service works 24/7;
•the company has a blog that publishes news and analytics.
👎 Disadvantages of Bitkub:
•the exchange does not offer investment solutions;
•there’s no call center, only tickets and email for communication;
•there are no demo accounts or on-site training for beginners.
Bitkub Commissions and Fees
The Bitkub cryptocurrency exchange charges a commission for all trades that are made on its site. The assets used, transaction volume, and the user's total trading volume for the current month do not matter. The fee is fixed at a universal 0.25%. It can be lowered only through rebates from the Traders Union.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.25% per order | Yes |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at Bitkub suitable for beginners?
Analysis of Bitkub shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can you reduce the fees?
As a rule, the fees depend on the trading account type. Also, companies may have special offers.
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
Can the level of the fees change if different accounts imply the use of different platforms?
Yes. Some brokers offer different trading platforms on different types of trading accounts. In this case, the size of the fee may change.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.