Bitkub is the largest cryptocurrency exchange in Thailand, with over 97% market share. If you want to trade crypto in Thailand, Bitkub is a good option. While some are concerned about Bitkub, the exchange is easy to use for trading crypto in Thailand. We will take a closer look at this Thai Exchange.
Which Coins are Available on Bitkub?
Bitkub offers major cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and others. While some are not interested in the lower market cap coins, others may find them appealing. Bitkub offers over 30 cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin and others. Many of the altcoins are similar to those offered on other major exchanges.
Trading on Bitkub
The process of trading on Bitkub is simple. You can log in via the Bitkub website or app. The interface is very similar to Binance, with market prices, portfolio, order history and order forms. You can view candlestick charts to analyze the market and place buy or sell orders for coins.
Experience with Trading on Bitkub
While some used to trade frequently on Bitkub 3 years ago, making profits, some have then decided to just hold a few coins for the long term. We appreciate how simple and fast Bitkub is to use. But we mention the volatility in the crypto markets that wiped out previous trading profits.
Concerns with Bitkub’s Reliability
Though Bitkub is easy to use, there are still concerns about its reliability. After experiencing server issues and 3-day outages in January 2021, we still worry about possibly losing the $3,000 worth of coins on the exchange. As well as concerns with Bitkub regarding the regulatory environment for crypto exchanges in Thailand. Previously, exchanges like BX were suddenly banned by the government, though Bitkub is currently legal.
In summary, while Bitkub has experienced some growing pains, a lot of people still appreciate its simplicity. However, we recommend withdrawing some coins to an external wallet for added peace of mind. With proper risk management, Bitkub could be a good option for crypto users in Thailand.