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Friday, April 19, 2024

Bitubu Cryptocurrency Exchange Review: It Is Legit & Secure Exchange

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About Bitubu.com

Launched on 17/07/2019, Bitubu.com is a centralized exchange based in Turkey. It supports TRY fiat pairs. It is licensed by Technology Corporation. It reportedly offers low trading fees, instant deposit/withdrawals, and supports fiat/crypto to crypto. BitUBU markets four things in particular as reasons for chosing them as your trading platform 24/7 multilingual support, powerful trading engine, high security wallets and optimized user interface.

Bitubu Cryptocurrency would imagine that all exchanges have optimized user interface (why would anyone design their platform in a way that is not optimized for its users), but the other three advantages are indeed advantages. When describing their high security wallets, BitUBU states that 95% of all crypto assets are stored in cold wallets, and this is a fairly high percentage. Not the highest they have seen, but fairly high.

Basic Information

ExchangeDetails
Exchange NameBitubu.com
Exchange TypeCryptocurrency
Min DepositFree
Taker Fee0.0006
Maker Fee0.20% 
Product Offered0.20% 
Support24/7
WebsiteHomepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

BitUBU Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they divide between takers and makers. Takers are the one who “take” an existing order from the order book.

BitUBU charges both takers and makers 0.20%. These taker fees are quite in line with the global industry averages. Industry average has for a long time been around 0.20-0.25%, but we are now seeing more and more exchanges charging 0.10-0.15% instead, just like BitUBU. According to the most extensive industry report on trading fees, this one, the industry average spot trading taker fees are 0.221% and the corresponding maker fees are 0.177%

BitUBU Withdrawal fees

Bitubu Cryptocurrency charges a withdrawal fee of 0.0006 BTC per BTC-withdrawal. This fee is in line with, or even slightly below, the global industry average. The current global industry average is around 0.00057 BTC per BTC-withdrawal according to this report.

CoinNameMin. WithdrawalMin. DepositDeposit FeeWithdraw Fee
 BATBasic Attention Token50.010.0Free25.0
 BCHBitcoin Cash0.030.05Free0.02
 BNBBNB0.120.05Free0.035
 BTCBitcoin0.00110.0005Free0.0006
 BTGBitcoin Gold0.00110.0Free0.001
 CHZChiliz150.0276.0Free138.0
 CVCCivic162.00.0Free81.0
 DASHDash0.0250.0Free0.005
 DGBDigibyte50.00.0Free25.0

Deposit Methods

In addition to depositing cryptocurrency to the platform, BitUBU also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card). If you absolutely require a trading platform that allows credit or debit card deposits, please use Exchange Filters and you can filter out the exchanges that have what you need.

Seeing as fiat currency deposits are possible at this trading platform, this platform qualifies as an “entry-level exchange”, making it an exchange where new crypto investors can start their journey into the exciting crypto world.

Trade in Everywhere

Mobile

All the power of BitUBU Cryptocurrency Exchange, in the palm of your hand. Download the BitUBU mobile crypto trading app today.

API

The BitUBU API is designed to provide an easy and efficient way to integrate your trading application into platform.

Referral Program

This trading platform also have a referral program. Through the referral program, you can invite your friends (or enemies), and when they start trading at the exchange, you receive a share of the trading fees earned by BitUBU. This can be a convenient way for you to passively increase your crypto earnings.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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