Bitkub Review: An In-Depth Guide for Traders in 2025

As the dominant and most popular cryptocurrency exchange in Thailand, Bitkub is the primary gateway for millions of Thais entering the crypto market. Founded by leading Bitcoin and open blockchain expert Jirayut Srupsrisopa, Bitkub controls over 90% of the crypto market share in the country, and has now received its first license to operate as a digital asset provider.

Similar to some of the best US crypto exchange platforms, Bitkub provides access to a wide selection of over 70 cryptocurrencies, technical analysis tools, as well as alternative withdrawal options.

Bitkub operates within a broader ecosystem of interconnected projects. These include Bitkub NEXT, a digital crypto wallet; Bitkub NFT, the platform’s dedicated NFT marketplace; and Fans Token, a product that tokenizes the popularity and engagement of online influencers and content creators.

Bitkub landing page Source: Bitkub website

Other components of the ecosystem include EarnKuB, which rewards users for participating in community campaigns; NEXT Launchpad, a platform for supporting early-stage crypto projects; and BKC Scan 2.0, an enhanced blockchain explorer modeled after Etherscan. BKC Scan 2.0 provides improved tools for tracking transactions, monitoring network activity, and viewing on-chain data.

No doubt, Bitkub offers a compelling proposition that has piqued investors’ interest.

This guide provides a comprehensive review of Bitkub, examining its strong regulatory position in Thailand, its user-friendly platform, its security measures, and its overall suitability for local traders and investors.

Regulation and Trust in Thailand

Bitkub currently boasts of nearly 140 million 24-hour spot trading volume and over 5 million registered wallets. The latter represents over 50% growth from its numbers in 2022. This means that the adoption of its token is at a fast rate and an indication of users’ continuous trust in the exchange. This can be attributed to two reasons: strong regulatory backing and cautious security measures.

The exchange is fully licensed by the Thai Ministry of Finance and is strictly regulated by the Securities and Exchange Commission of Thailand. Thus, the platform implements all applicable AML (anti-money laundering) and KYC (Know Your Customer) policies.

Before now, Bitkub had faced regulatory sanctions, including a temporary ban on its operations. In 2021, the exchange was asked to upgrade its infrastructure to accommodate its growing trading volume. It has since executed this.

The platform receives the ISO 27001 certifications and partners with reputable digital assets custodians, including Coinbase and BitGo. Whereas Coinbase custody was selected for its cold storage solutions and huge insurance policy, BitGo was rather adopted for its enterprise services.

Additionally, it introduces a bug bounty program that rewards ethical hackers who reveal its technology vulnerabilities. Similarly, the exchange is committed to community building through its Academy, where investors can access educational resources and beginner-friendly investment tools.

The Bitkub Trading Experience

Apart from its strict security measures, Bitkub is known for its user-friendly interface and competitive trading fees. Its greatest advantage is perhaps its tight integration with local banking rails and QR payments. That is, users can make a deposit either through a bank transfer or Thai QR payment and such will be processed within 24 hours.

Also, the exchange charges a flat rate of 0.25% for both makers and takers on all DeFi transactions. Meanwhile, crypto deposits are free while fees for fiat deposits vary. For crypto withdrawals, fees are updated daily at intervals.

On the other hand, fees charged on fiat withdrawals depend on the amount and bank.

All crypto deposits and withdrawals are typically settled within 24 hours; hence, it is a good one for active traders. Moreso, the exchange provides 24/7 live customer service support.

Despite the numerous benefits of the platform, it is weakened by key operational issues. One, multiple users have lamented the long wait period required to complete registration due to slow KYC verification. The exchange essentially struggles with high user turnover during peak volume. Similarly, its international exposure is limited. It only operates on a local license and only allows THB for its fiat-to-crypto onramp option.

Lastly, the platform lacks innovative features such as margin and demo trading, which are common with most global exchanges.

How to register and start trading on Bitkub

Here is a step-by-step procedure on how to get started on Bitkub:

1. Visit Bitkub.com or download the Bitkub mobile app

Click on Sign up and fill out the other requested details (email address and a strong password) to create an account.

1. Complete the e-KYC /verification by presenting a recognised means of identification (your national ID or international passport) and other personal details.
2. Take and upload clear photos of the documents, a selfie and follow any on-screen instructions. Wait until you receive notification of approval.
3. Set up account security by enabling 2FA authentication and SMS OTP for withdrawals and other important features.
4. Link your bank account and deposit using the QR or transfer option.

Your account is set for trading. However, for a faster beginner option, opening Fast Trade on the homepage helps you buy Bitcoin at the prevailing market price instantly.

If you wish to use the stop limit order features (Market limit, stop limit etc.), you’ll need to click on Market.

Key Features of Bitkub

The Bitkub chain aimed to create an accessible, developer-friendly, and scalable blockchain ecosystem for both individuals and businesses alike. Hence, it employs a consensus model known as “Proof-of-staked-authority” (PoSA) to achieve this.

This model is a combination of two different consensus tools: Proof-of-Stake (POS) and Proof-of-Authority (POA). Proof-of-Stake relies on nodes staking tokens to earn the right to validate a new block, while Proof-of-Authority relies on pre-approved validators whose identity must have been vetted. Together, both tools create strong security, fast transaction speed and low fees for the blockchain system.

The platform is compatible with decentralized wallets such as MetaMask, which gives users ownership and security. Other features include high liquidity, DDoS protection and access to educational materials.

The chain is also compatible with decentralized wallets such as MetaMask, giving users full ownership and control of their assets. Additional system strengths include high liquidity, DDoS protection, and access to educational resources that support user growth within the ecosystem.

Building on these foundational elements, two core components further strengthen the Bitkub ecosystem: Bitkub Coin (KUB) and Bitkub Academy.

Bitkub Coin (KUB)

Bitkub Coin (KUB) serves as the native utility token of the Bitkub ecosystem and is deeply integrated into the Bitkub Chain. Within the platform, KUB can be converted into fee credits, used to pay on-chain gas fees, and redeemed for a variety of community products and partner services. Users who lock or stake their KUB for extended periods also gain access to lifestyle benefits, exclusive campaign rewards, and crypto rewards.

KUB Coin 24-hour data. Source: CoinMarketCap

Beyond utility, KUB plays a vital role in maintaining the chain’s Proof-of-Staked-Authority (PoSA) consensus model by incentivizing validators and supporting secure, efficient network operations. This combination of practical utility and on-chain functionality positions KUB as a foundational asset within the broader Bitkub ecosystem.

Bitkub Academy

Bitkub Academy represents the platform’s commitment to improving financial literacy and expanding crypto awareness among the Thai population. The Academy offers a wide range of educational resources, including beginner tutorials, in-depth guides, market insights, and structured learning modules covering blockchain technology, digital assets, and safe trading practices.

Bitkub Academy landing page. Source: Bitkub Academy website

By providing accessible and well-researched materials, Bitkub Academy helps new and experienced users build confidence in navigating the crypto landscape, fostering greater adoption and responsible participation in Thailand’s digital economy.

Compliance Measures

Although Bitkub earlier faced some regulatory hiccups in its operations, it has received the go-ahead to operate lawfully within Thailand. Hence, it is backed by the Ministry of Finance and the Securities and Exchange Commission.

In compliance with their regulations, the exchange introduced a KYC (know your customer) requirement in its sign-up process and limits its fiat option to the local currency. This is due to the fact that Thailand only recognizes cryptocurrencies as digital assets or property and never as a currency.

On two occasions, the exchange was fined heavily for contravening trading rules. One was in 2021 when it paid over 4 million Thai Baht (THB) for poor operations. In 2022, the company was penalized for “wash trading” and insider trading.

Conclusion

Bitkub is difficult to ignore in Southeast Asia, especially in Thailand, where it has become synonymous with crypto trading. Its rise is the result of deliberate efforts to build a compliant, well-regulated, and user-friendly exchange. The platform’s strengths include a strong local reputation, beginner-friendly tools, access to a wide range of cryptocurrencies, and solid security measures.

A key differentiator for Bitkub is its commitment to localization. By focusing primarily on the Thai market, it has achieved smoother fiat integration, clearer regulatory protections, and deeper cultural alignment. However, this same localization strategy limits its international reach. Since Bitkub is licensed only in Thailand and supports fiat exclusively in THB, its global presence remains small, creating a gap that more internationally adaptable platforms like Digitap are increasingly well-positioned to fill.

Despite its strengths, Bitkub faces internal challenges. The exchange has been slow to upgrade its infrastructure, leading to past regulatory infractions and current user complaints, particularly about lengthy verification times during peak periods. Nevertheless, for users seeking a reliable, locally compliant, and regulated exchange within Thailand, Bitkub remains a strong option, although alternatives like Digitap may offer greater flexibility for cross-border or multi-currency use cases.

FAQs (Frequently Asked Questions)

Is Bitkub a safe and regulated exchange?

Yes, Bitkub is a safe and regulated exchange, registered with the Thailand Securities and Exchange Commission (SEC) and fully compliant with local rules. All users must complete a KYC process before trading, ensuring accountability and adherence to regulations. The platform’s response to past regulatory actions demonstrates its commitment to ongoing compliance. Bitkub also uses strong security measures, including cold storage and 2FA, to protect user funds and data.

What do I need to open a functional account on BitKub Exchange?

To open a functional account on BitKub Exchange, you need a functional email address and will be required to provide a strong password, a verifiable means of identification (National ID or International Passport), a selfie photo, and proof of address (utility bill and/or bank statements).

Can foreigners use Bitkub?

Yes, foreigners can use Bitkub if they complete the required identity verification (KYC) process. However, additional documentation may be requested depending on the user’s nationality and risk profile. Also, while the platform allows foreigners to freely trade various cryptocurrencies, fiat deposits are only possible in Thai Baht (THB). This means such a user must have a Thai bank account or payment channel.

What is the KUB coin?

KUB is the native utility token of the Bitkub ecosystem, powering activities on the Bitkub Chain, which supports scalable applications, smart contracts, and decentralized services. The token is used for gas fees, staking, validator rewards, and other on-chain transactions. Beyond blockchain operations, KUB provides trading-fee discounts, partner rewards, and community incentives across the platform’s broader suite of products. Its value, like other cryptocurrencies, fluctuates based on demand and usage within the ecosystem.

Is Bitkub good for beginners in Thailand?

Yes, Bitkub is considered ideal for beginners thanks to its simple user interface, straightforward onboarding, and helpful educational resources. The platform offers transparent trading fees and allows users to start with small amounts. Strong security and compliance measures further reduce the risk of losses. This combination makes it a beginner-friendly and trustworthy exchange in Thailand.

How do I deposit Thai Baht into Bitkub?

You can deposit Thai Baht into your Bitkub wallet using either a QR code or a bank transfer. For the QR code method, go to your Bitkub wallet, select “Deposit Funds,” choose “QR Code,” and scan the code in your banking app to complete the payment. For a bank transfer, select “Bank Transfer” in your wallet, copy the provided account details into your bank app, and confirm the transfer. Funds typically appear in your wallet within a few minutes up to 24 hours.