Is Bitkub a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Bitkub is a good crypto exchange to start trading with. In this article you will learn whether Bitkub is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker 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.
| 💰 Account currency: | Cryptos, THB |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, currencies, THB |
| 💹 Margin Call / Stop Out: | No |
Bitkub Pros and Cons
👍 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.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Bitkub Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Bitkub offers traders the following conditions.
| 💻 Trading platform: | TradingView browser terminal |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, THB |
| 💵 Replenishment / Withdrawal: | Bank accounts, crypto, and e-wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, currencies, THB |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Loads of crypto-to-crypto pairs, only THB is presented from fiat funds, no investment programs, a referral program with payouts of 20% of referrals commissions on a single-tier regimen |
| 🎁 Contests and bonuses: | Bug Bounty program |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Bitkub commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal 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 |
Investment programs of Bitkub
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Bitkub offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Bitkub crypto exchange does not provide investment solutions. Users of the site can earn from active trading, exchange trading. The only possible option of passive earnings is its referral (affiliate) program.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Bitkub’s affiliate program
The Bitkub cryptocurrency exchange offers a standard referral program. Anyone can take part in it. You need to register, get verified, and go to the "Referral" section. There you will receive a personal referral link and a QR code. You can place them at any site without any restrictions.
Every new user who registers at the exchange by following the referral link or by using a QR code becomes your referral to the exchange and will bring you a regular income of 20% of all his trading commissions. For example, if a referral's commission makes $10, it will provide the user who invited this referral with $2 income. Referral payments are made promptly in the transaction currency.
The program is single-tier. This means that the exchange client receives payments only for users he invited. He can not receive payments for users that were invited by his referrals. There is no limit on the number of referrals, and a client can invite as many users as he wants and receive payments from each of them. The program is open-ended, that is, referrals remain a source of passive income as long as they trade on the site.
Conclusion. Is Bitkub good for beginners?
The Bitkub cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Bitkub could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.