Crypto Exchange Safety Calculator
Calculate Your Risk with BitUBU
Based on BitUBU's unregulated status, lack of insurance, and security transparency, this calculator shows potential risks compared to regulated exchanges.
When you’re looking for a new crypto exchange, safety and reliability should come first. But what happens when the platform you’re considering doesn’t even tell you if it’s regulated? That’s the reality with BitUBU. It’s not a household name like Binance or Coinbase. It doesn’t show up in most top exchange lists. And yet, some traders still consider it - mostly because of its wide coin selection and low fees. But here’s the truth: BitUBU’s biggest selling point might also be its biggest red flag.
What Is BitUBU?
BitUBU is a centralized cryptocurrency exchange registered in Turkey. It claims to serve users in over 100 countries and offers trading for more than 100 cryptocurrencies, including Bitcoin, Ethereum, Solana, and smaller altcoins. On paper, it looks like a decent option: spot trading, derivatives, and even automated trading bots are available. But the moment you dig deeper, things get shaky.There’s no clear founding date. Some sources say 2019, others say 2020. The team behind it? Not named. The company’s registered capital? Not disclosed. That’s not normal. Even smaller exchanges usually share at least basic ownership details. BitUBU doesn’t. And that’s the first sign something’s off.
Trading Fees and Features
BitUBU charges a flat 0.20% fee for both maker and taker orders. That’s lower than some regional exchanges that charge 0.25% or more, but higher than top-tier platforms like Binance, which charges as low as 0.1% with BNB discounts. If you’re a high-volume trader, that 0.1% difference adds up fast.The exchange supports over 600 trading pairs and 300+ tokens - more than most small exchanges. That’s useful if you’re trading obscure coins that aren’t listed on bigger platforms. But here’s the catch: most of those pairs have almost no volume. You might find a token listed, but you won’t find buyers or sellers. Liquidity is thin, and that means slippage and failed orders.
BitUBU doesn’t offer margin trading, futures contracts, staking, or DeFi integration. Those aren’t luxury features anymore - they’re basic expectations. If you’re looking to earn interest on your crypto or hedge positions, BitUBU won’t help you. It’s stuck in 2020.
Security: The Biggest Concern
This is where BitUBU falls apart. It’s unregulated. According to WikiBit and multiple industry analysts, the exchange has no license from any financial authority. That means:- No legal protection if funds are lost
- No insurance for user deposits
- No requirement to store assets in cold wallets
- No public security audits
Major exchanges like Kraken and Coinbase publish their cold storage percentages, conduct regular third-party audits, and carry insurance policies. BitUBU doesn’t publish any of this. Not a single detail. You’re trusting them with your money based on a website and a promise. That’s not a strategy - it’s gambling.
Even the payment methods are a risk. BitUBU accepts bank transfers and credit cards, but there’s no public information about how those funds are handled. Are they segregated? Are they protected? No answers. If the exchange gets hacked or shuts down, you have zero recourse.
User Experience and Support
Signing up is straightforward: email, password, verify your email, then complete KYC with ID and proof of address. Sounds normal. But here’s the problem: no one talks about it.There are almost no reviews on Trustpilot, Reddit, or CoinCarp. The exchange has around 16,000 Twitter followers - tiny compared to Binance’s 10 million. That’s not a sign of growth. It’s a sign of obscurity.
Customer support claims to be 24/7 via email and live chat. But no user has publicly verified response times. No one has posted screenshots of resolved issues. That’s not silence - it’s avoidance. If the support team was reliable, users would be talking about it. They’re not.
The platform’s interface is basic. It works for simple spot trading, but there are no tutorials, no educational content, no guides for beginners. If you’re new to crypto, you’re on your own. No video walkthroughs. No FAQ section worth reading. Just a trading screen and a button to deposit.
How BitUBU Compares to the Competition
| Feature | BitUBU | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Regulated? | No | Yes (multiple jurisdictions) | Yes (US, EU, Canada) | Yes (US, EU, UK) |
| Trading Fees | 0.20% | 0.10% (with BNB) | 0.50% (standard) | 0.16% (maker) |
| Coins Available | 100+ | 500+ | 200+ | 250+ |
| Margin/Futures | No | Yes | Yes | Yes |
| Staking | No | Yes | Yes | Yes |
| Security Audits | Not disclosed | Publicly published | Publicly published | Publicly published |
| Trading Volume | Untracked | $20B+/day | $1B+/day | $500M+/day |
| User Reviews | Nearly none | Thousands | Thousands | Thousands |
BitUBU doesn’t just lag behind - it’s in a completely different league. The big exchanges have billions in daily volume, millions of users, and legal teams. BitUBU has a website and a promise. That’s not enough.
Who Should Avoid BitUBU?
If you’re any of these people, stay away:- Anyone storing more than a small amount of crypto
- Traders who want to use margin or futures
- People in regulated countries (US, UK, EU, Australia)
- Investors who want to earn interest on their holdings
- Anyone who values transparency and legal protection
Even if you’re just testing the waters with $50, the risk isn’t worth it. There are dozens of regulated, secure exchanges that offer the same coins with better support, lower fees, and real protection.
Who Might Consider It?
The only people who might find BitUBU useful are:- Traders in regions with no access to major exchanges
- Those looking for obscure altcoins not listed elsewhere
- People who understand the risks and treat it like a high-risk gambling site - not a bank
Even then, you should only deposit what you’re willing to lose. And never keep funds there longer than necessary.
The Bottom Line
BitUBU isn’t a scam. Not officially. But it’s not safe either. It operates in a gray zone - the kind where exchanges disappear overnight after a hack or a government crackdown. Turkey’s own crypto regulations are unstable, and BitUBU has chosen to stay outside any oversight. That’s a choice. And it’s a dangerous one.If you need a place to trade crypto, there are better options. Binance, Kraken, Coinbase, and even smaller regulated platforms like Bybit or KuCoin offer everything BitUBU claims to - and then some. With audits. With insurance. With real support.
BitUBU’s low fees and wide coin list look tempting. But when you’re trading crypto, the cheapest platform isn’t the best one. The safest one is.
Is BitUBU regulated?
No, BitUBU is not regulated by any financial authority. It operates as an unregulated exchange based in Turkey, which means there is no legal protection for users if funds are lost, hacked, or frozen. Regulated exchanges like Binance or Coinbase are licensed in multiple countries and must follow strict financial rules - BitUBU does not.
Can I trust BitUBU with my crypto?
You shouldn’t. BitUBU doesn’t disclose its security practices, cold storage rates, or insurance coverage. Major exchanges publish these details because they build trust. BitUBU doesn’t - and that’s a red flag. If you use it, treat it like a temporary trading tool, not a storage solution.
Does BitUBU offer staking or futures trading?
No. BitUBU only offers spot trading and basic derivatives. It does not support staking, margin trading, or futures contracts - features that are standard on almost every major exchange today. If you want to earn interest or hedge positions, you’ll need to use a different platform.
What are BitUBU’s trading fees?
BitUBU charges a flat 0.20% fee for both maker and taker orders. This is higher than Binance (0.10%) and Kraken (as low as 0.16%), but lower than some smaller exchanges that charge 0.25%-0.5%. However, low fees don’t matter if the platform is unsafe or lacks liquidity.
Why is BitUBU not tracked by CoinMarketCap?
CoinMarketCap only tracks exchanges with sufficient trading volume and transparency. BitUBU’s volume is classified as “untracked,” meaning it doesn’t meet their minimum standards for reliability or activity. This signals low user adoption and lack of institutional interest - two major warning signs.
How do I withdraw from BitUBU?
You can withdraw crypto to any external wallet by entering the address and confirming the transaction. But there’s no public information on withdrawal times, limits, or fees. Users report delays on other unregulated exchanges - and BitUBU has no verified user feedback to confirm whether withdrawals are reliable.
Is BitUBU available in the US or EU?
BitUBU claims to serve users in over 100 countries, but it does not comply with US or EU regulations. Users in these regions risk violating local laws by using the platform. Regulated exchanges like Coinbase or Kraken are the only legal options in these jurisdictions.
What to Do Next
If you’ve already signed up for BitUBU, don’t panic - but don’t leave your coins there either. Withdraw them to a secure wallet. If you’re still deciding, skip it. Use a regulated exchange instead. There are plenty of safe, reliable options with better features, lower fees, and real customer support.The crypto market is risky enough without adding unregulated platforms to the mix. You don’t need to gamble with your money. Choose safety. Choose transparency. Choose an exchange that has something to lose - not one that can vanish overnight.
