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.
Pros & Cons
- 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.
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.
TU Expert Verdict
Bullish demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
Bullish User Reviews
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Bullish Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.8.9 /10Bullish has earned a rating of 8.9/10 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 Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 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, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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 -
Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology6.8 /10With a 6.8/10 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
- No successful hacks history
- 2FA
- Cold wallet storage
- Not tier-1 regulated
- No investor protection fund
- Not U.S regulated
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 Security Factors Bullish OKX Coinbase Tier-1 regulation NoNoYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesYes2FA YesYesYesFacial recognition NoYesNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoNoYesIs Bullish a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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: OKX, Coinbase, Crypto.com .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.6.5 /10Bullish 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.
- Bank cards accepted for instant deposits
- P2P for flexible transfers
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- No Google Pay option
- No PayPal 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 Coinbase Bank transfers YesNoYesBank card YesYesYesCrypto YesYesYesPayPal NoNoYesWhat 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 OKX Coinbase Minimum deposit, USD or USDT 10 10 10 Minimum deposit, BTC 1 5 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: USD, EUR.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.3 /10Bullish received a score of 3/10 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
- No tokenized stocks or real-world assets
- No TradFi perpetual futures trading
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 Coinbase Supported coins 35 600+ 400+ Futures/Perpetual contracts YesYesYesOptions NoYesNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoNoPre-IPO 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.
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Customer Support
Score:We evaluated Customer Support at Bullish based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria3.4 /10Bullish provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- Support ticket system available
- 24/7 customer support available
- Comprehensive help center available
- Limited language support
- Email support unavailable
Bullish Support Channels vs Competitors
Bullish OKX Coinbase Live Chat YesNoYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoNoYesContacts Foundation date 2021 Registration address Suite 23, Portland House, Glacis Road, Gibraltar Official site https://bullish.com Contacts support@bullish.com
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