BitUBU Logo
Exchange Review


Exchange Fees

BTC Withdrawal Fee 0.0006 Taker Fee 0.10% Maker Fee 0.05%

Deposit Methods

Yes Wire Transfer No Credit Card

BitUBU is a cryptocurrency exchange from Turkey, with its head quarters in Istanbul. It has been in operation since July 2019.

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. We 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 we have seen, but fairly high.

BitUBU Advantages


On the date of first writing this review (14 August 2020), the exchange stated that they had a 24-hour trading volume of USD 279.5 million. We were able to verify this by cross-referencing with Coinmarketcap. USD 279.5 million is indeed a high trading volume, showing that liquidity should not be a problem at this exchange. 

Unfortunately though, on the date of last updating this review (2 December 2021), the 24-hour trading volume was USD 13.2 million, according to Coinmarketcap. We're not sure why the trading volume has decreased this much but it is a bit worrying to say the least.

Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that BitUBU’s trading platform is also mobile compatible. At the time of first writing this review (14 August 2020), you can only download the platform from Google Play, but it says on the exchange's website that compatiblity with iPhones is "coming soon".

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.

BitUBU Referral Program

Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow.

It is unclear whether BitUBU permits US investors or not. We have read their Terms and Conditions and have not found any explicit prohibition of US investors. We urge any US investors to form their own opinion on the permissibility of their trading at BitUBU though.

Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at BitUBU:

BitUBU Trading View

It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.

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 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.

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 our 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.