When it comes to trading crypto, there are way too many exchanges available out there, both globally and regionally. Two such names are Binance Futures and Bitkub.
These two exchanges are widely popular and have a lot of things in common.
But there are still a lot of areas where the exchange is far away from each other. Hence, as a crypto trader, it can be confusing to choose between Binance vs Bitkub.
But not to worry, as below, I have compared both exchanges. So you can pick the right crypto exchange for your needs.
Binance vs Bitkub: At A Glance Comparison
Binance is a global cryptocurrency exchange known as the largest crypto exchange by trading volume. The exchange has been in operation since 2017, and it is widely trusted.
Binance is known for its competitive trading fee and a huge list of offerings. It works as a one-stop solution for all your crypto needs.
It not only allows you to trade in different crypto markets, but you will get access to other features like P2P trading, crypto loans, staking, liquidity farming, DeFi, and more.
Bitkub is a Thailand-based cryptocurrency exchange that has been operating since 2018. Being a Thailand-based exchange, it serves both Thailand and international customers.
The exchange offers a quick solution to anyone looking to buy, sell and store cryptocurrencies. Additionally, it also offers you competitive trading fees and allows you to trade in the spot market, and supports a wide range of tokens.
Binance vs Bitkub: Trading Markets, Products & Leverage Offered
If we talk about the types of trading markets offered by both exchanges, Binance is better. As it not only supports crypto spot trading.
But you are also getting access to margin trading, derivatives trading, and crypto options trading.
Product Offerings By Binance:
- Spot Trading: Basic crypto buying and selling
- Margin Trading using borrowed funds with leverage 5x and 10x for Cross and Isolated margin trades
- USD-M perpetual contracts with leverage between 1x to 125x
- Coin-M perpetual contracts with leverage between 1x to 125x
- European-style Crypto options
- P2P trading
Product Offerings By Bikub:
Coming to Bitkub, the exchange’s market offerings are pretty limited. As it only offers you spot trading, and there is no leverage offered by the exchange.
- Spot Trading
Verdict: With Binance, you are getting access to different trading markets with significant leverage. Hence, the exchange wins this section.
Binance vs Bitkub: Supported Cryptocurrencies
Both exchanges support a wide range of crypto tokens you can buy and sell. Binance and Bitkub both allow you to trade in the leading cryptocurrencies.
Plus, their database includes a mix of major and new or unique tokens.
Binance supports more than 500+ supported cryptocurrencies. The exchange is also at the forefront when it comes to launching new coins.
On Binance, you will find coins such as:
Talking about Bitkub’s supported cryptocurrencies, the list is very much limited. You get access to about 80 cryptocurrencies that include:
Verdict: As Binance supports the most coins compared to Bitkub, I declare it the winner for this section.
Binance vs Bitkub: Trading Fee & Deposit/Withdrawal Fee Compared
Trading fees are a crucial factor in choosing a crypto exchange. On one side, Binance is known for having competitive trading fees. Bitkub’s trading fee is also pretty competitive.
Binance Spot Trading Fee
Binance follows a tiered fee structure and offers you BNB 25% discount on the spot trading fee. Trading fees for regular users without discount stands at:
With BNB 25% Off discount:
Binance Futures Trading Fee
For Binance futures trading fees, the exchange has a similar tier structure. Plus, you will enjoy 10% off when you pay the fees using BNB. The regular futures fee stands at:
With 10% BNB Discount:
Also, if you are trading in the Coin-M perpetual contracts, there is no BNB discount. And the regular fee stands at 0.0100% & 0.0500% for the maker and taker fees, respectively.
You also don’t get any discount for Crypto options. The regular trading fee stands at:
Binance Deposit & Withdrawal Fees
For Deposit and Withdrawal fees, the fee is subjective. You can enjoy free deposits and withdrawals while using P2P trading.
But if you are depositing funds using a credit/debit card or bank transfer, it transaction charges may occur charged by the payment processor.
Similarly, the same goes for withdrawal fees. For certain withdrawal options, there are no charges. But for some withdrawal options, you may have to pay fees.
Bitkub Spot Trading Fee
Bitkub doesn’t have any fee tier. Instead, it charges you a flat transaction fee of 0.25% on all trades of digital assets.
The fee is only charged when you buy or sell a digital asset, and the fee is calculated by rounding up to 2 decimals.
Trading Fee: 0.25%
Bitkub Deposit & Withdrawal Fees
When it comes to depositing funds to Bitkub, there are no charges. However, withdrawal fees may vary depending on the bank and the amount you wish to withdraw. Also, since P2P trading isn’t available on Bitkub, you cannot enjoy free deposits or withdrawals.
Verdict: Overall, Binance has a clean fee structure with heavy trading discounts and the availability of P2P trading. Hence, Binance wins this section.
Binance vs Bitkub: Order Types
On both exchanges, you will find similar order types with slight differences. These order types include:
- Stop Limit
- Stop Market
- Trailing Stop
- Post Only
- Stop Limit
Verdict: Although, there is not so much of a difference between the types of orders. But still, Binance offers you the most number of types of orders that can help you to enhance your overall trading experience. So Binance is the winner in this case.
Binance vs Bitkub: KYC Requirements & KYC Limits
When it comes to KYC (Know Your Customer), both exchanges made it mandatory to complete user verification.
Without verifying your user account, you are not allowed to deposit funds, place trades or withdraw funds from the exchange.
Both exchanges have different KYC limits apart from the first basic KYC verifications. These KYC limits only increases your daily withdrawal limits.
- Verified: Fiat Limit of 50K USD Daily.
- Verified Plus: Fiat Limit of 2M USD Daily.
- Verified Plus (2): Unlimited Fiat Transactions.
- Level 1: THB deposits and withdrawal limit of 1,000,000 – 2,000,000 THB/day. And coin withdrawal limit of 1,000,000 – 2,000,000 THB/day.
- Level 2: THB deposits and withdrawal limit of 1,250,000 – 50,000,000 THB/day. And coin withdrawal limit of 1,250,000 – 50,000,000 THB/day.
Verdict: Both exchanges require you to complete KYC, so it is a tie between the exchanges.
Binance vs Bitkub: Deposits & Withdrawal Options
When it comes to depositing funds, Binance is a better choice as it supports the most number of depositing and withdrawal methods. But on the other side, Bitkub lets you deposit funds in two ways only.
- Method 1: Buy crypto using Credit/Debit cards, bank transfers or other payment methods.
- Method 2: P2P trading for free deposits and withdrawal of funds.
- Method 3: Transfer crypto to Binance’s wallet from another exchange or wallet.
- Method 1: Deposit and withdraw funds using a bank account.
- Method 2: Deposit Crypto to Bitkub’s wallet from another exchange or wallet.
Verdict: As Binance offers you more ways to deposit and withdraw funds, it is the winner.
Binance vs Bitkub: Trading & Platform Experience Comparison
Talking about the trading experience, both exchanges offer a pretty similar trading experience and features.
Being a popular crypto exchange, Binance offers you more features that help you to trade effectively. You get features like:
- Advanced charting with TradingView
- Recent order, order history, current positions
- Order book
- Easy-to-use mobile app
- Multiple order types
- Rapid trade speed
New to crypto trading? Learn How to day trade on Binance exchange
The trading experience on Bitkub is also pretty great. It has all the tools and options you need to trade effectively. It comes with features like:
- Pair details
- BIDS / ASKS book.
- Multiple trading pairs
- Advanced technical charts powered by TradingView
- Easy to use order book
- Order history & open history
Verdict: There is not too much of a difference between both exchanges when it comes to the trading experience. Hence, it is a tie between them.
Binance vs Bitkub: Customer Support
Reaching out to Binance customer support is pretty straightforward, and they do offer multiple support channels.
The easiest way to reach out to them is through their Chat window. It can be used for both accessing help guides or connecting with a live support agent.
Alternatively, you can reach out to Binance support through social media channels such as Twitter. Or use their support emails.
Bitkub also offers you support in multiple ways. You can reach out to them via their live chat support. Alternatively, they also offer help through their call support.
Furthermore, you can also raise a support ticket. However, Bitkub doesn’t offer you support through its social media channels but has a Telegram channel where you can connect with other traders like you.
Verdict: Overall, when it comes to offering help, both exchanges are pretty equal. Hence, it is a tie between them.
Binance vs Bitkub: Security Features
Both exchanges take user security very seriously. So let’s go ahead and talk about the security features offered by both exchanges:
- Secure Storage
- Real-Time Monitoring
- Organizational Security
- Advanced-Data Encryption
- Regular Audits
- Two-Factor Authentication
- SMS OTP
- Device Management
- Withdrawal suspension for 5 minutes after login
- DDoS protection
Verdict: Since both exchanges offer similar security features, it’s a tie between Bitkub and Binance.
Is Binance Safe & Legal To Use?
Binance is definitely a safe platform for trading crypto. The exchange is widely trusted and used by millions of users worldwide.
Binance also holds different regulatory licenses across the globe, such as DASP, OAM, and CASP. Furthermore, the exchange doesn’t have any history of hacks and stores a vast amount of users’ funds in cold storage for ultimate protection.
Is Bitkub Safe & Legal To Use?
Bitkub is also a safe and legal platform to use. The exchange holds a regulatory license to operate in Thailand. The exchange also takes user security very well, and they have set up a panel that passed the Pen-test.
Also, the exchange doesn’t have any history of hacks.
Binance vs Bitkub Conclusion: Why not use both?
Coming to the end of the battle between the two exchanges, Binance is a clear winner. Why?
The exchange has better product offerings, leverage, competitive trading fee, and a global presence.
Also, being the largest crypto exchange out there, it has deep liquidity. So you would enjoy a smoother trading experience.
But I see Bitkub as no loser.
The exchange is an ideal option if you are a Thailand citizen and looking to invest in crypto. The exchange is great for spot trading with low trading fees. But lack of derivatives trading and leverage, the exchange lost this battle.
See how Binance & Bitkub compares to other exchanges:
- Binance vs Huobi
- Binance vs UniSwap
- Binance vs WazirX
- Binance vs dYdX
- Binance vs Revolut
- Binance vs PrimeXBT