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Exchange Reviews

AscendEX (BitMax) Review 2025: Is AscendEX a Safe Crypto Exchange?

Jake Schleicher

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AscendEX, which used to be called BitMax, is a place to trade digital money. It started in 2018. AscendEX wants to be a good platform for all kinds of crypto...

AscendEX (BitMax) Review
AscendEX (BitMax) Review

AscendEX, which used to be called BitMax, is a place to trade digital money. It started in 2018. AscendEX wants to be a good platform for all kinds of crypto traders. It offers many different coins. It also has features like staking and yield farming. People use AscendEX to buy, sell, and earn rewards on their crypto.
As 2025 gets closer, people wonder: Is AscendEX a safe platform for my crypto? The world of digital money can be tricky. Exchanges need to be strong to protect users. This review will look at how safe AscendEX is. We want to help you decide if it is a good fit for you.

AscendEX at a Glance in 2025

By 2025, AscendEX will likely keep offering many coins and earning tools. It will try to be a strong choice for active traders.

  • Wide Range of Altcoins: AscendEX is known for listing many different altcoins. This includes new and smaller projects.
  • Staking and Earn Products: AscendEX has many ways for users to earn rewards on their crypto. This is a big focus for them.
  • Margin and Futures Trading: It offers advanced trading options. This includes trading with borrowed money (margin) and futures contracts.
  • Global Platform: AscendEX serves users from around the world.
  • History of a Hack: AscendEX (when it was BitMax) had a security breach in 2021. The company said it covered user losses. This history makes security a key concern.

AscendEX wants to provide many options for traders and earners. In 2025, it needs to prove its security is top-notch. This is especially true after its past hack.

What Makes AscendEX Tick? Key Features Explored

Many users choose AscendEX for its large coin selection and ways to earn crypto.

Cryptocurrency Selection

AscendEX lists a very large number of digital coins.

  • Hundreds of Tokens: AscendEX has a huge number of different coins. This has both well-known coins and a lot of less well-known altcoins.
  • Early Access to New Projects: AscendEX often shows new tokens before anyone else. Traders who want to find the next big coin might find this exciting. But new coins are also very dangerous.
  • Focus on Variety: The tool is meant to give buyers a lot of options. This brings in people who like to try out different kinds of crypto projects.

Diverse Trading Options

AscendEX offers many ways to trade, for different levels of skill.

  • Spot Trading: Users can buy and sell coins directly for immediate ownership. This is the most common way to trade.
  • Margin Trading: AscendEX lets users borrow money to make bigger deals, which is called “margin trading.” This can make you more money, but it can also make you lose a lot more. It’s a big risk.
  • Futures Trading: People can buy and sell contracts that bet on how much coins will cost in the future. This is also very risky and often includes borrowing money.
  • Mobile App: AscendEX has apps for both iOS and Android phones. People can sell and handle their accounts from their phones with this.
  • API for Bots: For traders who use automated trading programs (bots), AscendEX provides API access.

AscendEX tries to be a platform for both simple trading and complex strategies. The advanced options are for experienced traders who understand the risks.

Competitive Fee Structure

AscendEX’s fees are generally competitive. They have ways to reduce fees too.

  • Trading Fees: Standard trading fees for spot markets might be around 0.1% to 0.2% for makers and takers. For futures, fees are often lower. AscendEX uses a tiered system, so fees can decrease if you trade a lot or hold their native token, ASD.
  • ASD Token Benefits: Holding and using the ASD token can give users discounts on trading fees. It can also unlock other benefits on the platform.
  • Deposit and Withdrawal Fees:
  • Crypto: Depositing crypto is usually free. Withdrawing crypto has a fee that varies by coin and network traffic.
  • Fiat: Options for depositing and withdrawing regular money (like USD or EUR) can be limited. If available, they often use third-party services that add their own fees.
  • Promotional Offers: AscendEX sometimes has promotions that can reduce fees or offer other rewards.

It is very important to check the AscendEX website for the most up-to-date fee schedule. Fees can change, and understanding them helps you save money.

Beyond Trading: AscendEX’s Additional Services and Ecosystem

AscendEX offers many services in addition to just trading. This is a big part of their platform.

  • AscendEX Earn: This is a major feature. It includes many ways to earn passive income on your crypto.
  • Staking: Users can stake various Proof-of-Stake coins to earn rewards. AscendEX makes this process easy.
  • Yield Farming/Liquidity Mining: Users can provide liquidity to certain pools and earn rewards. These can offer high returns but also come with higher risks like impermanent loss.
  • DeFi Connectivity: AscendEX often tries to connect users to DeFi (Decentralized Finance) projects through its platform.
  • Launchpad (Auctemar / xLaunch): AscendEX has a platform for launching new crypto tokens. Users may get a chance to buy these tokens early, often through an auction format.
  • Investment Products: They might offer other structured investment products that provide fixed or variable returns.
  • ASD Token Ecosystem: The native ASD token is used for fee discounts, participating in launchpad events, and other platform benefits.

AscendEX focuses heavily on these “Earn” products. They want to be a place where users can actively grow their crypto holdings, not just trade them.

User Experience: Navigating the AscendEX Ecosystem

Using AscendEX can be straightforward for basic tasks, but its many features can also be complex.

Platform Usability: Feature-Rich and Comprehensive

  • Busy Interface: Because AscendEX offers so many coins and features, the website and app can look very busy. This might be confusing for new users.
  • Advanced Tools for Traders: Experienced traders might like the wide range of tools and information available.
  • Mobile App Functionality: The mobile app provides access to most features, including trading and earn products.
  • Learning Curve: Beginners will likely need some time to learn how to use all the different parts of AscendEX. The “Earn” section, with its various products, can especially take time to understand.
  • Multiple Language Support: AscendEX supports several languages, catering to its international user base.

Customer Support: Getting Help When You Need It

  • Support Channels: AscendEX typically offers customer support through email and a live chat service on their website.
  • Help Center/FAQ: They have a help center with articles and FAQs to answer common questions.
  • Global Support Team: AscendEX aims to provide support to its users around the world. However, response times can vary, especially during busy periods.
  • Community Presence: AscendEX is active on social media platforms like Telegram. Users can sometimes find help or information from the community there.

After their 2021 hack, good customer support became even more important for rebuilding trust. Users expect quick and helpful responses if they have problems.

AscendEX Fees: How Much Does It Cost? (Revisited)

Let’s look more closely at the costs of using AscendEX.

  • Spot Trading Fees: For regular buying and selling of coins, AscendEX fees are usually around 0.1% for makers and 0.2% for takers if you don’t use any discounts. These are fairly standard.
  • Futures Trading Fees: Fees for trading futures contracts are generally lower. For example, makers might pay 0.02% and takers 0.06%.
  • ASD Token for Discounts: A key way to lower fees is by holding AscendEX’s own token, ASD. Using ASD to pay fees can give you a good discount. The more ASD you hold, the lower your fees might be due to VIP levels.
  • Deposit and Withdrawal Fees:
  • Withdrawing crypto costs a fee. This fee changes for each coin and depends on how busy the coin’s network is.Fiat (regular money) options are limited. If you use a third-party service to buy crypto with fiat on AscendEX, expect extra fees from that service
  • Fees for Earn Products: Some “Earn” products might have their own fee structures or conditions. It’s important to read everything about each item

Always check the AscendEX website to see the most up-to-date list of fees. If you want to trade a lot, it’s also helpful to know how ASD coins can lower fees.

Looking Ahead: AscendEX in 2025 and Beyond

What can we expect from AscendEX as we move into 2025?

  • Focus on Security Enhancement: After the 2021 hack, AscendEX will need to constantly prove its security is very strong. This means regular audits, better technology, and transparency.
  • Expanding “Earn” Opportunities: AscendEX will likely continue to add more ways for users to earn interest and rewards on their crypto. This is a key part of their strategy.
  • Adding More Altcoins: They will probably keep listing many new and interesting altcoins. This attracts traders looking for new opportunities.
  • Improving User Experience: Making the platform easier to use, especially for its many features, will be important.
  • Navigating Regulations: As a global platform, AscendEX must deal with different crypto rules in different countries. Staying compliant will be an ongoing task.

AscendEX’s future success depends heavily on maintaining user trust. This means strong security and clear communication. They also need to keep offering attractive “Earn” products.

Who Should Use AscendEX in 2025?

AscendEX might be a good choice for these crypto users:

  • Altcoin Traders: If you like trading a wide variety of altcoins, including new ones, AscendEX has a huge selection.
  • Users Focused on Earning Yield: If your main goal is to stake crypto or use other “Earn” products, AscendEX offers many options.
  • Experienced Margin and Futures Traders: For those who understand the risks, AscendEX provides tools for margin and futures trading.
  • Users Willing to Hold Exchange Tokens (ASD): If you plan to use the ASD token for fee discounts and other benefits.
  • Traders Looking for Launchpad Projects: AscendEX sometimes offers early access to new tokens through its launchpad.

Beginners should be very careful. The platform has many complex options and lists many risky altcoins. The 2021 hack is also something to keep in mind.

The Verdict: Is AscendEX Safe Enough for 2025?

AscendEX offers a lot of features, especially for earning and trading altcoins. But its past security incident in December 2021, when it was hacked for a large sum, is a major concern. The company stated it compensated affected users from its own funds.
For 2025, AscendEX could be considered if you are an experienced trader or user interested in its specific “Earn” products or altcoins. However, you must be very aware of its past hack. To keep your account safe, you should do more. Once AscendEX can show that it has good security and is open and honest for a long time after the event, trust can slowly be restored.
For now, be careful as you approach. You might want to use it for smaller amounts or features that you can’t find anywhere else. However, you should keep most of your money in safer, more trusted places.

FAQs

1. What was AscendEX called before?

AscendEX was formerly known as BitMax.

2. Has AscendEX ever been hacked?

Yes, AscendEX (when it was BitMax) suffered a significant hack in December 2021.

3. What is AscendEX good for?

AscendEX is known for its wide selection of altcoins and numerous “Earn” products like staking.

4. Does AscendEX have its own token?

Yes, AscendEX has a native platform token called ASD, which can be used for fee discounts.

5. Can I trade futures on AscendEX?

Yes, AscendEX offers futures trading along with spot and margin trading options.

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Exchange Reviews

BigONE Review 2025: Is BigONE a Safe Crypto Exchange?

Jake Schleicher

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BigONE Review

BigONE Review 2025: Is BigONE a Safe Crypto Exchange?

Those who’re searching for a crypto exchange with lots of features, they might have come across BigONE. It’s very smart to ask: Is BigONE a safe place for my crypto coins?

Safety is always the most important thing when you choose an exchange. Let’s take a close look at BigONE. We will find out if it is a safe choice for you in 2025.

BigONE at a Glance in 2025

BigONE is a global cryptocurrency exchange that started around 2017. It aims to offer a wide range of services to users around the world. These services include spot trading, futures, and various financial products.

In 2025, BigONE will likely try to grow its user base. It will also work on improving its platform and showing that it is a trustworthy place.

  • Global Focus: BigONE targets users from many different countries. It supports multiple languages.
  • Wide Range of Services: BigONE offers more than just buying and selling. It has savings products, loans, and derivatives.
  • Native Token (ONE): BigONE has its own exchange token called ONE. This token is used for various benefits on the platform.
  • Focus on Security (Stated): Like most exchanges, BigONE says it focuses on security to protect user assets.
  • Regulatory Status Varies: BigONE’s regulatory standing can be complex. It may be registered in jurisdictions with more relaxed crypto rules. Users need to be aware of this.

BigONE’s main challenge in 2025 is to build strong user trust. This is especially true for a global platform that offers many complex products. Security and transparency are very important.

What Makes BigONE Tick? Key Features Explored

BigONE attracts users by offering many different coins and financial products. Its own ONE token is also part of its appeal.

Cryptocurrency Selection

BigONE lists a very large number of cryptocurrencies. This is one of its main features.

  • Hundreds of Tokens: You can find major coins like Bitcoin (BTC) and Ethereum (ETH) on BigONE. It also lists a huge number of altcoins, including many smaller and newer ones.
  • New Listings: BigONE often lists new tokens. This can attract traders looking for early opportunities or niche coins.
  • Potential for Risky Assets: Because it lists so many coins, some of them could be very speculative or low quality. Users must do their own research very carefully (DYOR).
  • Trading Pairs: Coins are usually traded against USDT, BTC, or ETH. Some might also have pairs with the ONE token.
  • Broad Choice: The wide selection gives users many trading options. However, this also means users need to be good at picking solid projects.

Diverse Trading Options

BigONE provides a lot of different ways to trade and manage crypto.

  • Spot Trading: This is the main way to buy and sell the many cryptocurrencies listed on BigONE.
  • Margin Trading: BigONE offers margin trading for selected pairs. This lets users borrow funds to make bigger trades, which increases both potential profit and loss.

Perpetual Contracts (Futures): BigONE has a futures market. Users can trade perpetual contracts with leverage. This is for more experienced traders and is very risky.

  • ETFs (Leveraged Tokens): BigONE may offer leveraged ETF tokens. These products try to give leveraged returns without traditional margin trading, but they are also very risky and complex.
  • Mobile App: BigONE provides a mobile app for iOS and Android. This allows users to trade, manage their accounts, and access financial products on the go.
  • User Interface (UI): The platform needs to handle many assets and features. It aims to be functional for different types of traders.

BigONE’s trading options cater to a wide range of users, from those doing simple spot trades to those using complex leveraged products.

Competitive Fee Structure (and ONE Token)

BigONE aims to have competitive fees. Its ONE token is important for getting discounts.

Trading Fees:

  • Spot Trading: Standard spot trading fees might be around 0.2%. Using BigONE’s ONE token to pay fees can give a discount (e.g., 20-50%). There might also be VIP tiers based on trading volume or ONE holdings that reduce fees further.
  • Futures Trading: Fees for futures are usually lower than spot fees. They often use a maker/taker model. Discounts may also apply if using ONE.
  • Financial Product Fees/Interest: For services like crypto loans or savings accounts, there will be interest rates (earned or paid). These vary.

Deposit and Withdrawal Fees:

Crypto Deposits: Depositing crypto into BigONE is usually free.

  • Crypto Withdrawals: You will pay a withdrawal fee for taking crypto out. This fee depends on the coin and how busy the network is. These fees can sometimes be high, especially for tokens on busy networks like Ethereum.
  • Fiat Options: Direct fiat deposit and withdrawal options (like bank transfers) might be limited on BigONE. It often relies on third-party services for buying crypto with fiat, which can have higher fees.
  • ONE Token Utility: The ONE token is key for getting trading fee discounts. It might also be used for participating in special events or earning higher interest in savings products.

Beyond Trading: BigONE’s Additional Services and Ecosystem

BigONE’s ecosystem is built around its exchange. It also includes many financial products and features related to its ONE token.

  • BigONE Earn / Financial Products: This includes various ways to earn interest on your crypto. Examples are flexible savings, fixed-term deposits, and staking services.
  • Crypto Loans: BigONE may offer loans where users can borrow crypto by using other crypto as collateral.
  • ONE Token Ecosystem: The ONE token is central. It’s used for fee discounts, higher earn rates, and potentially for governance or special access to new listings or IEOs (Initial Exchange Offerings).
  • Staking Services: BigONE likely offers staking for various Proof-of-Stake (PoS) coins. This lets users earn staking rewards through the exchange platform.
  • Promotions and Airdrops: BigONE often runs promotional campaigns and airdrops. These are usually tied to new token listings or using its financial products.
  • API for Traders: BigONE provides API access for users who want to use trading bots or integrate with the platform programmatically.

The ecosystem tries to give users many ways to use and grow their crypto on the platform, not just trade it.

User Experience: Navigating the BigONE Ecosystem

BigONE’s platform needs to be easy enough to use for its global audience. It must handle many coins and complex financial products.

Platform Usability: Geared Towards Diverse Offerings

  • Interface for Many Assets: The website and app must clearly display information for hundreds of different coins and tokens. This can be a lot for new users to take in.
  • Mobile App for Full Functionality: The mobile app is important. Users expect to be able to trade, use earn products, and manage loans easily from their phones.
  • Sign-Up and KYC: The account opening process is standard. The level of KYC (Know Your Customer) completed might affect withdrawal limits or access to certain features or services.
  • Learning Curve for Advanced Products: Features like margin trading, perpetual contracts, and leveraged ETFs have a very steep learning curve. Users must understand the significant risks involved.
  • Language Support: English is primary. BigONE supports several other languages to cater to its international user base.

Customer Support: Getting Help When You Need It

With a global user base and many complex products, good customer support is very important for BigONE.

  • Support Channels: BigONE likely offers support through a help ticket system or email. Live chat availability and quality can vary.
  • Help Center/FAQ: A good Help Center should have answers to common questions about trading, the ONE token, financial products, and account security.
  • Community Support: Users often use BigONE’s Telegram groups or other social media for quick questions or to share experiences. However, official support channels are better for specific account issues.
  • Response Times: Supporting a global user base can be challenging. Response times from customer support might sometimes be slow, depending on the issue and volume of requests.
  • Clarity on Complex Products: Support needs to be able to explain its complex financial products clearly if users have questions.

Given its wide range of services, clear and responsive customer support is vital for BigONE.

BigONE Fees: How Much Does It Cost? (Revisited)

Let’s look again at BigONE’s costs in 2025. Using the ONE token is often key to getting the best fee rates.

Trading Fees (Spot):

  • Base fees could be around 0.2% for both maker and taker.
  • Using ONE token to pay fees can offer a significant discount (e.g., 20% to 50% off the base fee).
  • VIP tiers, based on trading volume or ONE token holdings, can further reduce fees.

Trading Fees (Futures/Perpetual Contracts):

  • Futures fees are typically lower than spot fees. For example, 0.02% for makers and 0.06% for takers.
  • Using ONE token might also offer discounts on these fees.

Deposit and Withdrawal Fees:

  • Crypto Deposits: Usually free of charge from BigONE’s side.
  • Crypto Withdrawals: Network fees apply. These can be quite high for some tokens, especially ERC-20 tokens when the Ethereum network is congested. Always check the specific withdrawal fee for each coin before proceeding. Minimum withdrawal amounts also apply.
  • Fiat Trans actions:Direct fiat deposit/withdrawal options are often limited or non-existent. Buying crypto with credit cards via third-party partners will include high fees from those partners.
  • ONE Token Benefits: Holding ONE tokens can unlock lower trading fees through VIP levels. It might also increase interest rates earned on BigONE’s financial products.
  • Loan Interest Rates: If you borrow crypto from BigONE, you will pay interest. These rates vary based on the coin and market conditions.

Looking Ahead: BigONE in 2025 and Beyond

What might the future hold for BigONE?

  • Expanding Financial Products: BigONE will likely continue to develop and expand its “Earn” products, loans, and other DeFi-like features.
  • Focus on Security and Transparency: To build trust, BigONE must continuously demonstrate strong security measures and be transparent about its operations.
  • Adding More Altcoins (Strategically): BigONE will probably keep listing new and emerging tokens, as this is part of its appeal. However, it might also focus on improving the quality of these listings.
  • Navigating Global Regulations: The crypto regulatory landscape is always changing worldwide. BigONE will need to adapt to different rules in different regions where it operates.
  • Competition: BigONE faces intense competition from hundreds of other global exchanges that also list many altcoins and offer similar financial products.

Who Should Use BigONE in 2025?

BigONE is suitable for certain types of crypto users in 2025:

  • Experienced Altcoin Traders: People looking for a very wide selection of cryptocurrencies, including many newer and lesser-known ones, and who are skilled at research.
  • Users Interested in Crypto Financial Products: Those who want to use features like crypto savings accounts, staking, or loans.
  • Traders Comfortable with Leverage and Complex Products: Individuals who understand the high risks of margin trading, perpetual contracts, and leveraged ETFs.
  • Users Actively Using the ONE Token: People who want to take advantage of the ONE token for fee discounts and other platform benefits.

This exchange is for users who want many choices and are willing to manage the associated risks of complex products and speculative assets. It is generally not ideal for beginners.

The Verdict: Is BigONE Safe Enough for 2025?

BigONE says it applies many security techniques.  Two-factor authentication (2FA), cold storage for most user assets, and other security mechanisms are expected.  BigONE’s regulatory monitoring is less obvious than that of bigger, more established exchanges regulated in harsher states.

The exchange opened in 2017.  It hasn’t experienced the catastrophic, publicly reported breaches of other exchanges, but any platform with many cryptocurrencies and complicated leveraged products is risky.  Poorly verified assets may be listed.

BigONE may be “conditionally safe” for experienced users in 2025.  Be careful and only use what you can afford to lose.  You must thoroughly investigate any coins you trade there.  It’s not ideal for novices or huge crypto portfolios.  Enable all security mechanisms and be alert.

FAQs

1.What is BigONE best known for?

BigONE is known for its very wide selection of listed cryptocurrencies and a broad range of financial products like “Earn” and loans.

2.Does BigONE have its own token?

Yes, BigONE has its own native utility token called ONE, used for fee discounts and other platform benefits.

3.Are the many altcoins on BigONE safe investments?

No, many of the smaller and newer altcoins listed on BigONE are highly speculative and carry significant investment risk.

4.Is BigONE good for beginners in cryptocurrency?

Due to its complex product offerings and the risky nature of many listed assets, BigONE is generally not recommended for beginners.

5.Can I easily deposit and withdraw US dollars or Euros on BigONE?

Direct fiat deposit and withdrawal options like bank transfers are often limited on BigONE; it primarily uses third-party services for fiat purchases.

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Exchange Reviews

Bitkub Review 2025: Is Bitkub a Safe Crypto Exchange?

Jake Schleicher

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Bitkub Review

Bitkub Review 2025: Is Bitkub a Safe Crypto Exchange?

Those who are living in Thailand and looking for a crypto exchange may choose Bitkub. Why? Because it is a very popular name there. It’s really smart to ask: Is Bitkub a safe place for my digital money?

When you pick an exchange, safety is the most important thing to think about. Let’s take a good look at Bitkub. We will see if it’s a safe choice for you in 2025.

Bitkub at a Glance in 2025

Bitkub is Thailand’s largest and most well-known cryptocurrency exchange. It started in 2018. It has a strong focus on the Thai market.

Bitkub is regulated by the Thai Securities and Exchange Commission (Thai SEC). In 2025, Bitkub will likely keep its top spot in Thailand. It will also work on new services and keep user trust.

  • Thailand’s Leading Exchange: Bitkub is the go-to exchange for most crypto traders in Thailand. It has a very large market share.
  • Regulated by Thai SEC: Bitkub is licensed and regulated by Thailand’s SEC. This means it must follow Thai laws for digital asset businesses. This is a big plus for safety.
  • Thai Baht (THB) Focused: Bitkub makes it easy to deposit, withdraw, and trade with Thai Baht. This is super important for Thai users.
  • Strong Local Presence: Bitkub has a strong brand in Thailand. It does a lot of marketing and education for Thai people.
  • Native KUB Coin: Bitkub has its own utility token called KUB Coin. This coin is used on its Bitkub Chain and within its ecosystem.

What Makes Bitkub Tick? Key Features Explored

Bitkub is popular in Thailand because it is easy to use with Thai Baht. It also offers features that Thai users like.

Cryptocurrency Selection

Bitkub lists a good number of cryptocurrencies. It focuses on those popular in Thailand and approved by the Thai SEC.

  • Major Cryptocurrencies: You can trade Bitcoin (BTC), Ethereum (ETH), and other globally known coins.
  • Popular Altcoins in Thailand: Bitkub lists altcoins that are in demand among Thai traders. The Thai SEC has rules about which coins can be listed.
  • Careful Listing Process: Bitkub must follow Thai SEC guidelines for listing new tokens. This means new coins are reviewed carefully.

KUB Coin: Bitkub’s own KUB Coin is a key asset on the platform. It is used for its blockchain and other services.

Trading Primarily Against THB: Most trading pairs on Bitkub are with the Thai Baht (THB).

Bitkub’s coin selection is good for Thai users. It balances popular global coins with local favorites, all under Thai SEC rules.

Diverse Trading Options

Bitkub offers straightforward trading options for its users.

Spot Trading: This is the main way to buy and sell crypto on Bitkub. Users trade directly with Thai Baht.

  • User-Friendly Interface: Bitkub’s platform is designed to be easy to use, even for beginners in crypto.
  • Mobile App: Bitkub has a very popular mobile app for iOS and Android. Many Thais trade using their phones.
  • Limited Advanced Features (Typically): Compared to some global exchanges, Bitkub might have fewer complex trading options like high-leverage futures. This is often due to local regulations aiming to protect investors.
  • Staking (Bitkub NEXT): Through its Bitkub NEXT wallet and Bitkub Chain, users can often stake KUB Coin or other supported tokens to earn rewards.

Bitkub’s trading options focus on being accessible and compliant for the Thai market. Ease of use is a big priority.

Competitive Fee Structure (and KUB Coin)

Bitkub’s fees need to be competitive for Thai users. Its KUB Coin can play a role in fees.

Trading Fees:

  • Spot Trading: Bitkub usually charges a flat percentage fee for trades. For example, this might be around 0.25% per trade.
  • KUB Coin for Fees: Bitkub might offer discounts on trading fees if users pay with KUB Coin or hold KUB Coin. This is a common utility for exchange tokens.

Deposit and Withdrawal Fees:

  • Crypto Deposits: Depositing crypto into Bitkub is usually free.
  • Crypto Withdrawals: You will pay a network fee when withdrawing crypto. This fee varies by coin.
  • Thai Baht (THB) Options:
  • Deposits: Depositing THB is easy using Thai QR codes or bank transfers. Fees are usually low or zero.
  • Withdrawals: Withdrawing THB to a Thai bank account is also straightforward. There might be a small, fixed fee per withdrawal.
  • Bitkub Chain Gas Fees: If users interact with the Bitkub Chain (e.g., for NFTs or DeFi using KUB), they will pay gas fees in KUB Coin.

Bitkub’s fees are generally clear. The ease of THB transactions is a major benefit for Thai users. Always check their website for current fees.

Beyond Trading: Bitkub’s Additional Services and Ecosystem

Bitkub is building a large ecosystem around its exchange. This includes its own blockchain and other ventures.

Bitkub Chain: This is Bitkub’s own public blockchain. It supports NFTs, DeFi applications, and other projects. KUB Coin is the native gas token.

  • Bitkub NEXT Wallet: This is Bitkub’s official wallet for managing assets on the Bitkub Chain, including KUB Coin and NFTs.
  • Bitkub NFT Marketplace: Bitkub has a platform for buying, selling, and creating NFTs, often featuring Thai artists and brands.
  • Bitkub Academy: Bitkub invests in education. Bitkub Academy offers free online content and seminars to teach Thais about crypto and blockchain.
  • Partnerships in Thailand: Bitkub collaborates with many Thai businesses and celebrities to promote crypto adoption and its services.
  • Bitkub Ventures: This arm may invest in promising blockchain and crypto startups.

Bitkub’s ecosystem is expanding rapidly. It aims to be a major player in Thailand’s digital economy.

User Experience: Navigating the Bitkub Ecosystem

Using Bitkub should be simple and convenient for Thai users. The platform is designed for their language and needs.

Platform Usability: Geared Towards Thai Users

  • Thai Language First: The platform, mobile app, and all support are primarily in Thai. English is also usually available.
  • Easy-to-Use Design: Bitkub focuses on making its platform intuitive. This is important for attracting new crypto users in Thailand.
  • Strong Mobile App: The Bitkub mobile app is well-developed and widely used. It allows users to do almost everything.
  • Simple KYC Process: The Know Your Customer (KYC) process is designed for Thai users. It uses Thai national IDs and local verification methods.
  • Integration with Thai Banking: Easy deposits and withdrawals using Thai bank accounts and QR codes are key to its good user experience.

Bitkub aims to provide a smooth experience for Thais wanting to get into crypto.

Customer Support: Getting Help When You Need It

Good customer support in Thai is crucial for Bitkub’s success.

  • Support Channels: Bitkub offers customer support through phone, email, and live chat. Phone support in Thai is a big plus.
  • Help Center/FAQ (in Thai): A detailed Help Center in Thai answers common questions about using the platform, trading, and KUB Coin.
  • Responsive Local Team: Bitkub has a local support team in Thailand. They understand the needs and issues of Thai users.
  • Community Engagement: Bitkub is active on social media in Thailand. It uses these channels to communicate with users.
  • Educational Support: Through Bitkub Academy, they also provide support by educating users.

Bitkub invests in customer support to help its large user base in Thailand.

Bitkub Fees: How Much Does It Cost? (Revisited)

Let’s look again at Bitkub’s costs in 2025. Easy THB transactions are a key feature.

Trading Fees (Spot):

Bitkub typically charges a percentage-based trading fee. This is often around 0.25% for both makers and takers.

Using KUB Coin to pay trading fees might offer a discount (e.g., a 10-30% reduction). This depends on current promotions and KUB Coin utility.

Deposit and Withdrawal Fees:

  • Crypto Deposits: Generally free.

Crypto Withdrawals: Standard network fees apply for each coin. Bitkub will show the fee before you confirm.

THB Fiat Deposits:

  • QR Code Payment: Often free or very low cost.
  • Bank Transfer: Usually free.

THB Fiat Withdrawals:

Withdrawals to Thai bank accounts typically have a small, fixed fee (e.g., 20 THB per transaction).

  • Bitkub Chain Fees: Transactions on the Bitkub Chain (like transferring KUB or NFTs) require gas fees paid in KUB Coin. These fees vary based on network activity.

Always check the official Bitkub website or app for the most current fee schedule. Fees can change, and promotions may be available.

Looking Ahead: Bitkub in 2025 and Beyond

What does the future likely hold for Bitkub?

  • Strengthening its Lead in Thailand: Bitkub will aim to keep its dominant position in the Thai crypto market.
  • Developing Bitkub Chain and KUB Ecosystem: A major focus will be on growing the utility and adoption of KUB Coin and the Bitkub Chain. This includes more dApps and NFT projects.
  • Compliance with Evolving Thai SEC Rules: Thailand’s crypto regulations can change. Bitkub must always stay compliant.
  • Exploring New Technologies: Bitkub might explore areas like Web3, metaverse, and GameFi, especially through its Bitkub Chain.
  • Potential Regional Expansion (Cautiously): While focused on Thailand, Bitkub might explore opportunities in nearby Southeast Asian countries if regulations allow.
  • Maintaining Security: As the largest exchange in Thailand, Bitkub is a target. It must continuously invest in top-notch security.

Bitkub’s future is closely tied to the growth of the digital asset industry in Thailand and the success of its own blockchain ecosystem.

Who Should Use Bitkub in 2025?

Bitkub is the best choice for certain crypto users in 2025:

  • Residents of Thailand: Bitkub is primarily designed for people living in Thailand.
  • Thai Speakers: The platform and support are mainly in Thai.
  • Users Wanting Easy THB Transactions: If you want to easily deposit, withdraw, and trade with Thai Baht.
  • People Interested in KUB Coin and Bitkub Chain: If you want to use KUB Coin or explore NFTs and dApps on the Bitkub Chain.
  • Beginners to Intermediates in Thailand: Bitkub is user-friendly and provides good local support and education.

If you are not in Thailand or cannot use Thai banking services, Bitkub is likely not the right exchange for you.

The Verdict: Is Bitkub Safe Enough for 2025?

Bitkub is licensed and regulated by the Thai Securities and Exchange Commission (SEC). This is a very important factor for safety. It means Bitkub must follow specific Thai laws regarding how it stores customer assets, data security, and financial reporting. The Thai SEC actively oversees digital asset exchanges.

Bitkub states it uses industry-standard security measures. This includes cold storage for a significant portion of user funds and 2FA for accounts. It also has a KYC process to verify users. While Bitkub did face some system stability issues in the past during high traffic, its regulatory oversight provides a level of protection. It has not reported major hacks resulting in large user fund losses.

For users in Thailand, Bitkub is a relatively safe crypto exchange in 2025. Its regulation by the Thai SEC is a strong positive. However, like all crypto platforms, it carries some risks. Users should always use strong personal security practices.

FAQs

1.Is Bitkub mainly for Thai users?

Yes, Bitkub is primarily designed for and serves users residing in Thailand.

2.Is Bitkub regulated by the Thai government?

Yes, Bitkub is licensed and regulated by the Thai Securities and Exchange Commission (SEC).

3.Can I use Thai Baht (THB) on Bitkub?

Yes, Bitkub allows easy deposits, withdrawals, and trading with Thai Baht (THB).

4.What is KUB Coin?

KUB Coin is the native utility token of Bitkub, used on the Bitkub Chain and for benefits on the exchange.

5.Is Bitkub good for crypto beginners in Thailand?

Yes, Bitkub is considered user-friendly and provides good educational resources, making it suitable for beginners in Thailand.

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Exchange Reviews

Coinone Review 2025: Is Coinone a Safe Crypto Exchange?

Jake Schleicher

Published

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Coinone Review

Coinone Review 2025: Is Coinone a Safe Crypto Exchange?

Are you in South Korea and looking for a crypto exchange? You might have heard of Coinone. It is very important to ask: Is Coinone a safe place for my crypto? Safety is always the number one thing to check when choosing an exchange. Let’s take a close look at Coinone. We will see if it is a safe option for 2025.

Coinone at a Glance in 2025

Coinone is one of the major cryptocurrency exchanges in South Korea. It started in 2014. South Korea has very specific and strict rules for crypto exchanges.

Coinone operates under these rules. In 2025, Coinone will likely continue to focus on its Korean users. It will also work hard to maintain high security and follow all regulations.

  • South Korean Licensed Exchange: Coinone is registered and regulated by South Korean authorities. This includes the Financial Intelligence Unit (FIU). This means it must follow strict Korean laws for crypto.
  • One of the “Big Four” in Korea: Coinone is often considered one of the top four crypto exchanges in South Korea. This group handles most of the crypto trading in the country.
  • Focus on Korean Market: Its services, language (Korean), and support are mainly for users in South Korea. Users usually need a Korean bank account and phone number.
  • Emphasis on Security and Compliance: Due to strict regulations and past incidents in the broader crypto world, Coinone places a very high focus on security technology and following all rules.
  • Partnership with NH Bank: Coinone has a partnership with Nonghyup Bank (NH Bank). This is for real-name verified bank accounts, which are required for trading on Korean exchanges.

Coinone’s main goal in 2025 is to provide a secure and compliant trading platform for Koreans. Keeping user trust and adhering to evolving regulations are key.

What Makes Coinone Tick? Key Features Explored

Coinone serves its users with features that meet Korean regulations and user needs. It focuses on safety and reliability.

Cryptocurrency Selection

Coinone offers a range of cryptocurrencies. The selection is heavily influenced by Korean regulations and market demand.

  • Major Cryptocurrencies: You can trade Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and other well-known large-cap coins.
  • Popular Altcoins in Korea: Coinone lists other altcoins that are popular and have strong trading volume in the Korean market.
  • Strict Listing Process: Korean exchanges have very strict rules for listing new coins. Coinone follows a careful process to ensure coins meet quality and regulatory standards.
  • Delisting Unqualified Projects: Coinone also actively reviews listed projects. It may delist coins that no longer meet its standards or regulatory requirements. This is to protect investors.
  • Focus on KRW Trading Pairs: Most trading on Coinone is done against the South Korean Won (KRW).

Diverse Trading Options

Coinone provides essential trading options. These are designed to be compliant with Korean financial laws.

  • Spot Trading: This is the main way to buy and sell cryptocurrencies using Korean Won.
  • Order Book Trading: Coinone offers a professional trading interface. It has an order book, charting tools, and various order types (limit, market, stop-limit).
  • Simple Trading Interface (Possibly): For beginners, Coinone might offer a simplified interface for easy buying and selling of major coins.
  • No High-Leverage Derivatives (Typically): Strict Korean regulations often limit or ban high-leverage crypto derivatives for retail traders on domestic exchanges. Coinone primarily focuses on spot trading.
  • Mobile App: Coinone has a robust mobile app for iOS and Android. This is very popular in Korea for trading on the go.
  • Coinone Pass (Authentication App): Coinone uses its own authentication app, Coinone Pass, for enhanced security and transaction verification.

Coinone’s trading features are focused on providing a secure and efficient spot trading experience for Korean users within regulatory boundaries.

Competitive Fee Structure

Coinone’s fees need to be competitive in the South Korean market. Fees are usually very transparent.

Trading Fees:

Spot Trading: Coinone uses a maker-taker fee model. Fees are often very low, sometimes starting around 0.1% or less, especially for makers. There are usually VIP tiers based on trading volume, which further reduce fees.

Korean exchanges are highly competitive on fees.

Deposit and Withdrawal Fees:

  • Crypto Deposits: Depositing crypto into Coinone is usually free.
  • Crypto Withdrawals: You will pay a network fee to withdraw crypto. This fee depends on the coin and network congestion.
  • Fiat (South Korean Won – KRW) Options:
  • Deposits: Users deposit KRW from their linked, real-name verified NH Bank account. These deposits are usually free or have a very small bank fee.
  • Withdrawals: Withdrawing KRW to the linked NH Bank account also usually has minimal bank fees.
  • No Native Exchange Token for Fees: Unlike some global exchanges, major Korean exchanges like Coinone typically do not rely on their own exchange token for fee discounts.

Beyond Trading: Coinone’s Additional Services and Ecosystem

Coinone’s ecosystem is built around its core exchange services. It also includes features that enhance security and user convenience within Korea.

  • Staking Services: Coinone often offers staking for various Proof-of-Stake cryptocurrencies. This allows users to earn rewards on their holdings directly through the exchange.
  • Coinone Research Center: Coinone sometimes publishes research reports and analysis on crypto projects and market trends. This helps inform investors.
  • Strong Focus on Security Systems: Coinone invests heavily in security technology. This includes multi-signature wallets, cold storage, 24/7 monitoring, and partnerships with cybersecurity firms.
  • Compliance and AML Systems: Coinone has robust Anti-Money Laundering (AML) and Know Your Customer (KYC) systems. These are required by Korean law.
  • Educational Content: Coinone may provide educational materials for users to learn about crypto trading and security best practices.

User Experience: Navigating the Coinone Ecosystem

Using Coinone should be a smooth and secure experience for Korean users. The platform is tailored to their needs and expectations.

  • Platform Usability: Geared Towards Korean Users
  • Korean Language Interface: The website and mobile app are primarily in Korean. All communication and support are in Korean.
  • Clean and Efficient UI: Korean users expect high-quality digital services. Coinone’s platform is generally well-designed, fast, and easy to navigate for trading.
  • Mobile-First Approach: South Korea has very high smartphone penetration. The mobile app is a critical part of Coinone’s service and is highly functional.
  • Strict Sign-Up and KYC: Account creation involves a rigorous KYC process. Users must link a real-name verified bank account (NH Bank) and verify their identity.
  • Coinone Pass App: Using a separate authentication app like Coinone Pass adds a layer of security. It also makes transaction approvals clear.

The user experience is optimized for Koreans. It prioritizes security and compliance with local regulations.

Customer Support: Getting Help When You Need It

High-quality customer support in Korean is essential for Coinone.

  • Support Channels: Coinone offers customer support through phone, email, and often a 1:1 chat service within its platform. Phone support is common and valued in Korea.
  • Help Center/FAQ (in Korean): A comprehensive Help Center in Korean provides answers to common questions about trading, deposits, withdrawals, security, and account issues.
  • Responsive and Knowledgeable Staff: The support team is trained to handle queries specific to the Korean market and Coinone’s platform.
  • Understanding of Local Regulations: Support staff are aware of Korean crypto laws and how they affect users.
  • Security Support: Given the focus on security, Coinone’s support for security-related queries must be top-notch.

Coinone aims to provide excellent customer service to its Korean user base. This is important for maintaining trust.

Coinone Fees: How Much Does It Cost? (Revisited)

Let’s look again at Coinone’s costs in 2025. Fees are generally low and transparent in the competitive Korean market.

Trading Fees (Spot):

Coinone typically uses a tiered fee structure based on 30-day trading volume in KRW.

Fees can be very low. For example, makers might pay 0.02% to 0.1%, and takers might pay 0.04% to 0.1%. Some tiers might even have zero maker fees or rebates.

Always check the current fee schedule on Coinone’s official website, as promotional rates can apply.

Deposit and Withdrawal Fees:

Crypto Deposits: Free.

  • Crypto Withdrawals: Standard network fees apply. These vary by cryptocurrency. Coinone will display the fee before you confirm a withdrawal.
  • KRW Fiat Deposits: Depositing Korean Won from your linked NH Bank account is usually free.
  • KRW Fiat Withdrawals: Withdrawing Korean Won to your NH Bank account usually has a small, fixed fee (e.g., 1,000 KRW per withdrawal), set by the bank or exchange.
  • Staking Service Fees: If Coinone offers staking, they might take a small percentage of the staking rewards as a service fee. This should be clearly stated.

It is crucial to always refer to Coinone’s official website for the most up-to-date fee information.

Looking Ahead: Coinone in 2025 and Beyond

What does the future likely hold for Coinone?

  • Continued Focus on the South Korean Market: Coinone will almost certainly remain dedicated to serving South Korean users. International expansion for Korean exchanges is complex due to regulations.
  • Maintaining Highest Security Standards: Security will remain Coinone’s utmost priority. It will continue to invest in technology and processes to protect user assets and data.
  • Adapting to Evolving Korean Regulations: South Korea’s crypto regulations are dynamic. Coinone must stay compliant with all new rules and guidelines from the FIU and other authorities.
  • Competition with Other Korean Exchanges: The “Big Four” exchanges in Korea compete intensely. Coinone will need to innovate in services and maintain competitive fees.
  • Exploring New Compliant Services: Coinone might explore new services like NFT marketplaces or other crypto-related businesses, but only if they are fully compliant with Korean law.

Coinone’s future is tied to its ability to operate securely and compliantly within the South Korean regulatory framework.

Who Should Use Coinone in 2025?

Coinone is best suited for a very specific group of users in 2025:

  • Residents of South Korea: Coinone is designed for people living in South Korea.
  • Korean Speakers: The platform, support, and all communications are in Korean.
  • Users with a Korean Bank Account (NH Bank): A real-name verified bank account with Nonghyup Bank is mandatory for KRW transactions.
  • Individuals Complying with Korean KYC: Users must be able to complete the strict Korean KYC/AML verification process.
  • Traders Prioritizing Regulation and Security: People who want to use an exchange that is heavily regulated by South Korean authorities and focuses on security.

If you are not a resident of South Korea or cannot meet these requirements, Coinone is not the right exchange for you.

The Verdict: Is Coinone Safe Enough for 2025?

Coinone operates in South Korea, which has rigorous crypto legislation.  Financial Intelligence Unit licenses it.  It must follow strict security, AML, and consumer protection standards.

This requires cold storage of user cash and strong cybersecurity.  Coinone also uses NH Bank for real-name bank accounts, adding financial control.

Coinone has a dedicated security team and spends much on security technologies.  No exchange is immune to hazards like sophisticated hacking, but Coinone’s regulatory framework and security emphasis make it one of the safest alternatives internationally, particularly for consumers in its country.

South Koreans who complete the conditions may use Coinone, a secure crypto exchange, in 2025.  Compliance with rigorous local legislation ensures security.  Good personal security behaviors are still required.

FAQs

1.Is Coinone accessible beyond South Korea?

Due to rigorous local restrictions and banking constraints, Coinone serves mostly South Koreans.

2.Does Coinone need a specific bank account?

To trade KRW on Coinone, you need a real-name validated Nonghyup Bank (NH Bank) account.

3.Does South Korea regulate Coinone?

The Financial Intelligence Unit regulates Coinone, which is registered in South Korea.

4.Does Coinone provide high-leverage trading?

Coinone concentrates on spot trading and does not provide high-leverage derivatives owing to Korean legislation.

5.Can I use Coinone in English?

Coinone’s platform, support, and communications are mostly in Korean.

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Jake Schleicher

Jake Schleicher (69 Posts)

Jake Schleicher is a seasoned crypto finance author based in Austin, Texas, with nearly 8 years of experience covering blockchain technology, decentralized finance (DeFi), and digital asset markets. Known for his analytical depth and clear writing style, Jake has contributed to leading fintech and crypto publications, helping investors and enthusiasts navigate the fast-paced world of cryptocurrencies.

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All the articles on our website are based solely on our personal experience. Our mission is to deliver honest, well-researched, and transparent insights to help you make informed choices.

While we strive for accuracy and objectivity, it's important to remember that individual results may differ. We always recommend conducting your own research to complement the information we provide.

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