Bitkub Review 2027Core Trading Conditions and Fees

Bitkub review 2027: Thailand's dominant licensed exchange

Bitkub was founded in Bangkok in 2018 by Jirayut Srupsrisopa, known as Topp, and a small group of partners. Within three years it controlled the overwhelming majority of Thailand's crypto trading, and it has kept a commanding share since, generally well above two-thirds of local volume. Thailand has one of the highest rates of crypto ownership in the world, and for most Thai investors Bitkub is where they started. The company has been preparing for a stock market listing. This review looks at the exchange for 2027.

A baht-based spot market

Bitkub is a spot exchange with every pair quoted in Thai baht. Around 150 digital assets are listed, a number that has grown as the regulator has approved more tokens. Customers deposit and withdraw baht through local bank transfers and the PromptPay QR system at any hour, usually within minutes. There is no leverage and no futures for retail users. The trading screen offers a simple mode and a professional view with TradingView charts, and the mobile app is the main channel for most customers.

Fees

The standard trading fee is 0.25% for both makers and takers, which is high by international standards and typical for Thailand. Volume tiers and holdings of KUB, the company's coin, reduce the rate. Baht deposits are free, and baht withdrawals cost a small fixed fee that depends on the amount. Crypto withdrawals are charged per asset. Under Thai tax rules, profits from trading on licensed domestic exchanges have been exempted from personal income tax for a multi-year period, an incentive that favours platforms like Bitkub over offshore ones.

Regulation by the Thai SEC

Bitkub Online holds digital asset exchange and broker licences from the Ministry of Finance and is supervised by the Securities and Exchange Commission of Thailand under the country's digital asset decree. Licensed operators must segregate customer assets, keep most of them in cold storage, meet capital adequacy rules and follow listing standards. Thai rules also forbid exchanges from lending out or staking customer assets, and they bar the use of crypto as a means of payment for goods. Only people with Thai identification, or foreigners with appropriate residence documents, can open an account.

Past regulatory penalties

Dominance has not kept Bitkub out of trouble. In early 2021 its systems failed repeatedly during a surge in trading, and the SEC ordered it to fix capacity problems and suspended new customer registration until it did. In 2022 the regulator fined the company and several executives over the listing of its own KUB coin, finding that the selection process had not followed the rules, and separately imposed civil penalties in connection with wash trading on the platform and an insider trading case involving an executive. The company paid the fines and revised its procedures.

The SCBX deal that did not happen

In November 2021 SCBX, the parent of Siam Commercial Bank, announced it would buy 51% of Bitkub Online for about 17.85 billion baht, valuing the exchange above $1 billion. After prolonged due diligence and with regulatory matters unresolved, the purchase was cancelled in August 2022. Bitkub has remained independent, returned to profitability as the market recovered and has publicly set its sights on listing on the Stock Exchange of Thailand.

Security

Bitkub has not reported a hack of customer funds. It holds ISO 27001 certification, keeps the majority of assets offline in line with SEC requirements and undergoes regular audits. Account security includes two-factor authentication, a PIN for the app and confirmation steps for withdrawals to new addresses. Phishing and fake Bitkub apps are a recurring problem in Thailand, so customers should use only official download links.

Strengths and weaknesses

• Market position: the deepest baht liquidity by a wide margin.
• Regulation: licensed and supervised by the Thai SEC.
• Convenience: instant baht transfers at any time.
• Fees: 0.25% is expensive compared with global exchanges.
• Compliance history: fines and a registration suspension in 2021 and 2022.
• Scope: spot only and limited to residents of Thailand.

Who should use Bitkub?

Bitkub is the practical choice for people in Thailand who want to buy, sell and hold crypto with baht under local regulation. It has no relevance for users elsewhere.

Verdict

Bitkub is the centre of Thailand's crypto market, with the liquidity and banking links that position brings. For 2027 it is a regulated and convenient platform whose fees are high and whose compliance record has not been spotless. For Thai residents it remains the default.

Bitkub review: compare the alternatives

This Bitkub review is part of our Top 45 Cryptocurrency Exchanges in 2027 ranking. To compare, read the BloFin review and the WOO X review.