Bullish Review 2026
Learn more about TU’s methodology
- $10,000
- Proprietary platform
- The focus is on the technological development of the platform and the security
Our Evaluation of Bullish
Learn more about TU’s methodology
Bullish is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.52 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 recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
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.
How we tested Bullish
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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.
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- 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 Verdict
Chief Analytics Officer
Bullish is a cryptocurrency exchange that offers trading in 35 supported coins, including Bitcoin, Ethereum, and EOS, through a proprietary platform based on TradingView. The platform is regulated in Gibraltar, features two-factor authentication and cold wallet storage, and is known for minimal spot and futures trading fees, with no deposit fees and a $10,000 minimum deposit requirement. Bank transfers and cards are accepted for funding in USD and EUR, and P2P trading is also available. Bullish emphasizes technological security and low costs, appealing particularly to active traders seeking institutional-grade features.
However, a notable drawback is the limited selection of cryptocurrencies and investment products compared to leading exchanges, which restricts diversification for many retail users. Other disadvantages include the relatively high minimum deposit, a lack of passive income tools like staking, and moderate regulatory coverage that does not reach Tier-1 status. Bullish may not be suitable for beginners or those seeking broad market access, but it can offer value to experienced, high-volume traders focused on cost efficiency and trading security.
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) |
| 💼 Copy Trading: | 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
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.
- Government-regulated
- 2FA
- No successful hacks history
- Cold wallet storage
- No facial recognition
- 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 | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
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.
Is Bullish available in the USA?
Bullish is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
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 | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.01 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.01 | 0 | 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
| Bullish | MaiCoin MAX | BTSE | |
| P2P maker fee (%) | 0 | 0,1 | 0,01 |
| P2P taker fee (%) | 0,01 | 0,15 | 0,05 |
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.
- No deposit fees
- Bank transfers for deposits and withdrawals
- Bank cards accepted for instant deposits
- P2P for flexible transfers
- No Google Pay option
- No PayPal option
- Withdrawal fee applies
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 | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Bullish minimum deposit?
The minimum deposit at Bullish is 10 USD/USDT or 1 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 | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
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
- Copy trading not available
- Only 35 supported coins
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 | Kraken | Coinbase | |
| Supported coins | 35 | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | 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 |
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