Bitkub is a digital asset exchange platform based in Bangkok, Thailand. This exchange was founded in 2018 as a registered company that is fully audited by the Thai Ministry of Finance and is legally recognized and authorised by the Thai SEC (Securities and Exchange Commission) to operate and facilitate the trading of cryptocurrencies in an online marketplace.
Bitkub 8 key point overview:
- ✔️What is Bitkub
- ✔️Features of Bitkub
- ✔️Features of Bitkub Chain
- Tokenomics
- How to buy
- Wallets
- How to open an account with Bitkub exchange
- Why should you use Bitkub?
What is Bitkub
👉 The parent group of the Bitkub exchange is Bitkub Capital Group Holdings and this exchange was one of the first-ever crypto exchanges to receive a digital asset license from Thailand’s Securities and Exchange Commission.
👉 It is also one of Thailand's first Unicorn start-up companies. (In business, a Unicorn is a privately-held start-up company that is valued at over 1 billion USD).
👉 Bitkub prioritizes user-friendliness and offers a robust mobile application with a built-in cryptocurrency wallet, reliable market news and updates, and a multi-feature trading system with 24/7 customer support.
👉 Bitkub offers both a centralized cryptocurrency exchange, as well as open-source blockchain infrastructure for the development, management, and distribution of dApps, utility tokens and NFTs.
👉 Now that you know more about the history of Bitkub Exchange and Bitkub Chain, let’s discuss their features in more detail:
Features of Bitkub
👉 The Bitkub market offers more than 50 major cryptocurrencies with real-time price feeds and you can earn up to 20% cashback through the Bitkub referral program.
👉 With the Bitkub referral program, you can receive an 80% commission for referring your friends and family to the exchange and they will receive a 20% cashback reward.
👉 Bitkub offers 24/7 customer support that can be reached via email, live chat, and telephonically.
👉 There is also a help and support center that you can refer to for answers to some of the most commonly asked questions.
👉 Bitkub guarantees top-quality security and the platforms and servers are protected against DDoS attacks.
👉 The website is secured by Sectigo SSL encryption and the majority of digital assets are stored in secure offline cold storage.
👉 The Bitkub trading engine was designed to be efficient and highly scalable, and it can currently process more than 2,500 transactions per second.
Features of Bitkub Chain
👉 Bitkub offers an exceptional blockchain for the development of lending protocols, decentralized exchanges, oracles, data tokens, and yield-farming applications.
👉 Bitkub Chain is a highly scalable blockchain that is designed to handle high volumes of transactions at minimal costs.
👉 It uses a Proof-of-Authority consensus algorithm to secure the network and nodes are validated by a group of professional agencies, such as ANANDA, Huawei Technologies, GET LINKS and several other companies.
👉 Bitkub Chain plans to move to a Proof-of-Staked Authority algorithm and eventually it will use Proof-of-Stake consensus.
👉 New blocks are produced every 5 seconds on the Bitkub Chain.
If you are wondering about Bitkub Chain’s interoperability features:
➡️️ it is compatible with EVM (Ethereum Virtual Machine);
➡️️ To connect to the Bitkub chain manner, you will need to have a Metamask wallet
➡️️ It uses Solidity Smart Contracts
➡️️ You can use the Web3.JS Library and the Truffle.JS development suites, and Bitkub Chain also supports Remix IDE for the development, deployment and administration of smart contracts.
Some of the projects that have already been built on Bitkub Chain include:
➡️️ FANS Token
➡️️ Bitkub NFT
➡️️ Bitkub Chain Bridge
➡️️ Bitkub NEXT (the proprietary Bitkub wallet)
➡️️ Morning Moon Village
➡️️ Happy Treasure Hunt
➡️️ FASTFIT
➡️️ Zillaspace
As well as some exclusive NFT collections:
➡️️ PUBG Thailand Open Summer 2021 NFT collection
➡️️ Miss Universe Thailand 2021 NFT collection
👉 Several utility tokens, such as MVP coin, KUB, Hello Coin and the Yakk token have been built on the Bitkub Blockchain. Bitkub Chain uses the KAP20 token standard.
👉 To get the most out of trading or developing with Bitkub, it is important that you understand how its native token (KUB) is used.
Tokenomics
👉 KUB is the native utility token of the Bitkub Chain.
👉 This token is primarily used for redeeming trading fee credits, paying transaction fees and for transferring KUB to other Bitkub users.
👉 You can also lock your KUB coins in the Bitkub NEXT wallet to earn crypto and redeem lifestyle rewards from Bitkub partners.
How to buy
👉 We recommend buying your KUB coins directly from the Bitkub exchange, but you can also buy this coin from Coinex and Gate.io
To buy coins from KUB:
- Launch the Bitkub website
- Log in to your account
- Open the Bitkub exchange
- Search for KUB in the search bar and buy your coins
Wallets
👉 To get the most out of your investment, we recommend storing your KUB coins in the Bitkub NEXT wallet because it is designed to integrate seamlessly with the Bitkub Exchange and the Bitkub Chain, and you can easily earn rewards by staking your KUB coins with the Bitkub NEXT wallet.
This wallet has 2 modes:
➡️️ The Pro Wallet for the decentralized exchange; and
➡️️ The Lite Wallet for the centralized exchange.
👉 This wallet can be used to securely store cryptocurrencies and NFTs, and it can also connect to dApps built on Bitkub Chain.
How to open an account with Bitkub exchange
Opening an account with Bitkub will only take a few minutes.
Step 1: Visit the Bitkub website
Visit the official Bitkub to start the process of opening an account
Step 2: Click on the “Open Account” button.
To open an account with Bitkub, open the home page and click on the “Open Account” button.
Step 3: Fill in the form.
You can sign up with your email address and you will be required to fill in your personal details. Once you have created your account, you must verify your email address or mobile number.
Once your account is verified and complete, you can make your first deposit and start trading!
Why should you use Bitkub?
👉 Bitkub does not only offer a secure, centralized exchange with plenty of quality cryptocurrencies, but it also offers a highly-scalable blockchain that can be used to develop dApps and other decentralized tokens, NFTs and more.
👉 This exchange is not only the first of its kind in Thailand, but it is also the first Thailand-based exchange and blockchain to be recognized by Thailand’s SEC.
👉 Bitkub is a great option for all types of crypto enthusiasts and investors, and businesses can build blockchain solutions for everyday problems and innovation.
👉 Get more out of your investments with the Bitkub NEXT wallet and download the Bitcoin mobile app to start building your crypto portfolio today!
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