According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10,000
- Proprietary platform
- The focus is on the technological development of the platform and the security
Our Evaluation of Bullish
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bullish is a high-risk cryptocurrency exchange with the TU Overall Score of 2.89 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bullish clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Bullish is among the most popular cryptocurrency exchanges with its own platform based on the TradingView toolkit. It is suitable for risk diversification for active cryptocurrency traders.
Brief Look at Bullish
The Bullish exchange is an innovative platform launched by the Block.one developer company in November 2021. Initially, the exchange was focused exclusively on institutional investors. The goal was to enter the US stock exchange. The listing of the exchange has 6 coins such as BTC, ETH, EOS, LTC, LINK, and USDC. The daily trading turnover of the exchange is about $700-800 million. About 80% are BTC, and about 17% are ETH. In terms of aggregate indicators, the CoinMarketCap portal assigned the exchange a rating of 4.1 out of 10 of 82 places out of 526.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- Unique platform technology: hybrid order book, multi-level protection of cold and hot wallets, and a mathematical algorithm that ensures price transparency, etc.
- Minimum commissions. There are no commissions for market makers.
- Regulation by its main regulator (Gibraltar) and subject to US financial law.
- Practically, there is no choice of cryptocurrencies.
- High entry threshold to the liquidity pool of $10,000 with a 50/50 money distribution in each currency of the pair.
- The payment method is bank payment only. Cards and e-wallets are not provided.
TU Expert Advice
Financial expert and analyst at Traders Union
It is still too early to talk about the attractiveness of the exchange for private investors since the vector of the platform's development is not yet clear. Bullish developers do not hide the fact that so far they are focused on institutional investors. The launch of the exchange was planned for mid-2021, but the exchange was launched in closed mode only in November. Allegedly due to a delay in obtaining a license in Gibraltar and the United States. The Bullish Exchange's goal is to enter the US stock market through a merger with SPAC Far Peak Acquisition Corp (NYSE: FPAC). SPAC is a special type of company designed to merge with another company in order to bypass the need for an IPO.
And there are many questions here. The rights to the exchange are held by Block.one, a company developing software and technologies for the blockchain. In 2017, the same company launched a rather promising EOS startup, which is in the top 50 in terms of capitalization. And one would assume that the Bullish Exchange is being created as a pocket exchange to promote EOS. This explains such a short listing. But in December 2020, the EOS community decided to stop regular payments to the company that launched the project. Block.one stated that it was no longer acting in the interests of the network.
Internal contradictions do not work in favor of the exchange, which can get bogged down in litigation. And it is all the more unclear what direction the developers will go to promote EOS (which is unlikely), develop the technology, and expand the listing. Or develop the stock direction. By May 2022, the issue with the merger for 9 billion USD should have been resolved, but there are no results yet. FPAC quotes, after a sharp increase in November 2021, returned to their previous positions. Meanwhile, it is difficult to say what the prospects for Bullish are exactly.
Bullish Summary
| 💻 Trading platform: | Proprietary platform based on TradingView |
|---|---|
| 📊 Accounts: | Client account |
| 💰 Account currency: | USD, cryptocurrencies |
| 💵 Deposit / Withdrawal: | Bank account opened in the name of the account holder |
| 🚀 Minimum deposit: | 10 thousand dollars. |
| ⚖️ Leverage: | Up to 1:10 (in some cases) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Commission: |
Spot: 0%-0,01% Futures: 0%-0,01% |
| 🔧 Instruments: | 35 supported coins, Futures, Perpetual contracts, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | |
| ⭐ Trading features: | The focus is on the technological development of the platform and the security |
| 🎁 Contests and bonuses: | No |
The Bullish exchange is attractive with low commissions, which in some cases are completely absent. But a small range of cryptocurrencies, a focus on the complex technological capabilities of the platform, and a high threshold for entering investment products suggest that the exchange is still more focused on institutional investors.
Bullish Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Regulation and safety
With a 6.75/10 score, Bullish demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- No successful hacks history
- Cold wallet storage
- Government-regulated
- No facial recognition
- Not U.S regulated
- Not tier-1 regulated
- No investor protection fund
Bullish Security Factors
We also compared Bullish against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bullish | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Bullish a regulated crypto exchange?
Bullish is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Bullish is authorized or licensed in accordance with local regulations in the following regions: Gibraltar.
Is verification (KYC) mandatory at Bullish?
Yes, KYC verification is mandatory at Bullish. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Bullish available?
Bullish complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, Canada, Israel, Japan, China, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Bullish support.
Is Bullish available in the USA?
Yes, Bullish is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Bullish commissions and fees
Bullish has earned a rating of 8.85/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Bullish is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- No P2P fee
- Withdrawal fee may be applied
What are Bullish trading fees?
We analyzed Bullish’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bullish trading fees vs competitors
| Bullish | Binance | Bybit | Industry average | |
| Spot, maker fee (%) | 0 | 0,1 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,01 | 0,1 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,01 | 0,05 | 0,055 | 0.053 |
What are Bullish deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,01 ETH 10 USDT (ERC20) 1 USDT (TRC20) |
Does Bullish offer P2P trading?
Yes, Bullish offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Bullish P2P Fees
Deposit and withdrawal
Bullish received a 6.5/10 rating for its deposit and withdrawal services. While Bullish covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- Bank cards accepted for instant deposits
- P2P for flexible transfers
- Withdrawal fee applies
- No PayPal option
- No Google Pay option
Deposit and withdrawal options
Bullish supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Bullish Deposit and withdrawal options vs competitors
| Bullish | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Bullish minimum deposit?
The minimum deposit at Bullish is 10 USD/USDT or 0,001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bullish minimum deposit vs competitors
| Bullish | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Bullish support fiat money?
Bullish supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bullish received a score of 4/10 in this category, indicating a modest offering of assets and markets. While Bullish covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Crypto futures available
- Fiat currencies supported
- Crypto options not available
- Copy trading not available
Bullish supported coins and markets vs competitors
We compared Bullish with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Bullish | OKX | Kraken | |
| Supported coins | 35 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Bullish passive income options vs competitors
We also compared Bullish with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Foundation date | 2021 |
|---|---|
| Registration address | Suite 23, Portland House, Glacis Road, Gibraltar |
| Official site | https://bullish.com |
| Contacts |
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i