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UbitEx

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Singapore

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2023 (2 Years)

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Get to know UbitEx

UbitEx presents itself as a centralized cryptocurrency exchange designed for both novice and experienced traders. The company's stated mission is to provide a reliable, secure, and user-friendly platform for accessing the digital asset market. It offers services such as spot trading, a variety of listed cryptocurrencies, and claims to have robust security measures in place. According to its website, UbitEx is registered as a Money Service Business (MSB) with FINTRAC in Canada and FinCEN in the United States, aiming to operate with regulatory compliance in these jurisdictions.

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  • Crypto ExchangePRIMARY

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Summarization

UbitEx Review: Is UbitEx any good?

Overview and general information

Founded in 2024 by Cambridge University graduate Alex Sandro, UbitEx is the world’s largest cryptocurrency derivatives trading platform designed for market makers. Featuring cutting-edge AI technology and a user-centric design, UbitEx aims to reach 10 million users by the first quarter of 2025 and is continuously expanding its ecosystem, including the UB crypto card, the RAW public blockchain application, an AI-based quant fund, an ETF, a blockchain incubator, customer support, and a social system.



Is UbitEx safe?

UbitEx employs robust security measures, including two-factor authentication (2FA) and cold storage, to protect users’ assets. In addition, the platform ensures that as long as the UB price does not fall below 0.00087 USDT, users’ core investments will not suffer losses, ensuring good investment protection. No major security incidents have been reported on UbitEx. The platform’s commitment to regulatory compliance and security creates a safe trading environment for users.

Licensing and Regulation

If you ask whether UbitEx is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

Although UbitEx states that it complies with all relevant regulations and holds the necessary licenses to operate legally in multiple jurisdictions, no verification has been found to support UbitEx’s claims.



Products and services

Supported Cryptocurrencies

UbitEx supports various cryptocurrencies. Although specific details about major coins and popular trading pairs are not provided in the source, it is mentioned that the platform’s token, UB, is already listed on MEXC and Hotcoin.

The platform's native token

UbitEx's native token, UB, is used for dual token staking, supporting arbitrary currency combinations with UB. The platform automatically staking UB investments and assets proportionally, which is an effective tool to maximize users' returns.

Trading Options

UbitEx offers a wide range of trading options, including spot, futures, and margin trading. However, specific details about P2P and copy trading are not provided in the source.


Advanced tools and services

UbitEx provides advanced tools and services such as trading bots and analytical tools to help you make trading decisions. The platform also has a launchpad for new token listings, giving UB token holders a special opportunity.



Account Type

Spot trading and deposit/withdrawal fees are based on VIP tiers, with fees decreasing based on trading volume over the last 30 days and UB Holdings holdings, such as:

  • VIP0: 0.2000/0.2000

  • VIP1: 0.1800/0.1800

  • VIP2: 0.1600/0.1600

  • VIP3: 0.1400/0.1400

  • VIP12: 0.0200/0.0200

The fee will decrease as you advance to the VIP level. For more information, visit:https://www.ubitex.com/en/fees



Deposit and withdrawal channels and fees

Details about assets, deposit interest rates, withdrawal fees, minimum deposit amounts and minimum withdrawal amounts for various networks such as:

  • BTC: Withdrawal fee 0.00001 and minimum deposit 0.001

  • USDT (Tron): Withdrawal fee 1 and minimum deposit amount 10

  • BNB Smart Chain: 0.33 withdrawal fee and 10 min deposit

  • ETH: Withdrawal fee 5 and minimum deposit 10

  • Solana: 1 withdrawal fee and 30 minimum deposit

**This information covers multiple assets and networks, and fees and deposit/withdrawal conditions vary by network and asset.



Support and Customer Service

  • Email: [email protected]

  • X: https://x.com/Ubit_Ex

  • Facebook: https://www.facebook.com/UbitOS

UbitEx Review: Pros and Cons

Pros:

  • Use cutting-edge AI technology to enhance trading efficiency

  • High security measures such as 2FA and cold storage

  • Preventing losses from UB Token price

  • There are a variety of trading options such as spot, futures and margin trading.

  • Support for advanced tools such as trading bots and analytical tools

  • Trading fees decrease with VIP level

  • UB Token is used for staking and increasing returns.

Cons:

  • Registration and licensing information is not yet clear.

  • Information about the main coins and trading pairs is not complete.

  • There is no information about P2P and copy trading services.

  • Some deposit/withdrawal fees are high, such as ETH withdrawals with a fee of up to 5



Review Summary Overview

UbitEx is an AI-powered derivatives trading platform using FlyLeopard AI technology, which analyzes news and market strategies in real time to increase returns and reduce investment barriers. It also has its own UB token that provides users with special privileges. However, UbitEx is not regulated by a strict financial authority, which may pose risks for investors. Although the platform excels in innovation and the use of AI, it is advisable to study more and consider the appropriateness of the risk tolerance before deciding to invest.

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