Jubi Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A crypto exchange, short for cryptocurrency exchange, is a digital platform that enables users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others for other cryptocurrencies or fiat money, such as US dollars or euros.

A crypto exchange works similarly to a traditional stock exchange where buyers and sellers can trade securities. However, instead of trading stocks, users on a crypto exchange trade digital currencies.

Crypto exchanges offer various trading pairs and different features such as market and limit orders, stop-loss orders, and other trading tools to facilitate trades. Some exchanges also provide additional services like digital wallets for storing cryptocurrencies and access to real-time market data.

There are many types of crypto exchanges, including centralized exchanges, decentralized exchanges, and peer-to-peer exchanges. Each has its own unique features and benefits, but all provide a way for users to access and participate in the cryptocurrency market .

What Is Jubi Crypto Exchange ?

Jubi is a centralized exchange based in Singapore. It supports crypto-crypto trading and perpetual swaps. It’s critical to confirm a cryptocurrency exchange’s legitimacy, security precautions, trading pairs offered, fees, customer ratings, and general reputation within the cryptocurrency community. To assist you in making an informed choice, look for official announcements, user experiences, and reviews from reliable sources.

Jubi Crypto Exchange Quick Facts

How To Register At Jubi Exchange?

To register on Jubi , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Jubi Exchange Supported Countries

Jubi Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Jubi .

How To Verify Your Jubi Cryptocurrency Account ?

There is no mandatory verification at Jubi , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Jubi , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Jubi Crypto Exchange?

There are two main options for topping up your balance on Jubi . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Jubi Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Jubi Account ?

There are several steps you can take to help secure your Jubi account and protect your funds:

1. Strong Password: For your Jubi account, choose a complicated, one-of-a-kind password. Mix uppercase, lowercase, numerals, and special characters in your message. Avoid using information that could be easily guessed, such as your birthdate or everyday terms.
2. Two-Factor Authentication (2FA): If your Jubi account is eligible, enable two-factor authentication. By asking you to input a code from your mobile device or email in addition to your password, this offers an additional degree of security.
3. Secure Email: Check the security of the email address connected to your Jubi account. Make sure your email account has 2FA enabled and use a strong password. Unauthorized access to linked accounts may result from a compromised email account.
4. Awareness of Phishing: Be wary of phishing attempts. Cybercriminals frequently send phony emails or messages that seem to come from reliable sources in an effort to deceive you into disclosing your login information. Before clicking on any links or emails, make sure they are legitimate.
5. Update Security Software : Maintain the most recent versions of your operating system, web browser, and security software. This provides defense against malware and known vulnerabilities.
6. Be Cautious of Phishing Scams: Be wary of emails, messages, or phone calls that ask for your personal information or account details. Jubi will never ask you for your password or 2FA code. Always double-check the URL of the website you are logging in to and make sure it is the official Jubi website.
7. By taking these steps, you can help protect your Jubi account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Exchange Trading Fees   ：Maker fee 0.2%, taker fee 0.2% 
tips: for JT holders (account remaining JT ≥ 1), the crypto transaction fee rate of the following 17 trading pairs will be reduced to 0.1%:
USDT market: BTC/USDT, ETH/USDT, EOS/USDT, BCH/USDT, BSV/USDT, LTC/USDT, ETC/USDT, TRX/USDT, XRP/USDT,DOT/USDT, XLM/USDT;
BTC market: ETH/BTC, EOS/BTC, LTC/BTC, ETC/BTC, BCH/BTC, BSV/BTC, TRX/BTC, XRP/BTC;

Contract Trading Fees ：Maker fee 0.03%, taker fee 0.03% (except for the taker rate of LINK, TRX, ATOM, DOT, NEO, FIL, UNI, SUSHI, YFI,ADA,ZEC,XMR which is 0.075%)

Fiat OTC： It is free of charge to trade on Fiat OTC.

Deposit Fees： It is free of charge to deposit any digital assets.

The position management fees of leveraged ETF are as follows:0.1%

Hold JT enjoy VIP transaction fee discount:

How To Contact Jubi Customer Support Team?

If you need help with your Jubi account or have any questions, you can contact Jubi customer support through the following methods:

Check out the website: Visit the company’s official website if you want to get in touch with them. A “Contact Us” or “Support” section should be there. This is frequently located in the website’s footer.

Email: A lot of businesses offer an email address for customer service questions. You can email the specified address describing your problem or query.

Phone: You can call the customer service phone number provided if one is listed to speak with a representative.

Live Chat: A live chat function on some websites allows you to communicate with a customer service representative in real-time.

Social media: Verify whether the business has official accounts on sites like Facebook, Twitter, etc. There may be a direct message box or information about customer assistance there that you may use.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Jubi customer support can assist you efficiently.

Features Of Jubi Crypto Exchange

Listings of cryptocurrencies

The range of cryptocurrencies that can be traded on an exchange.

Trading Pairs

The combinations of cryptocurrencies that users can trade against one another are known as trading pairs (for example, BTC/ETH, ETH/USDT).

User Interface

An easy-to-use, intuitive interface that facilitates trading and account management.

Security Measures

Strong security protocols, two-factor authentication (2FA), cold storage for money, and other user asset protection methods are used as security measures.

Payment Methods

The choices for adding money to your exchange account and taking it out (such as bank transfers, credit/debit cards, and cryptocurrency).

Customer service

Prompt and helpful customer service to handle any problems or inquiries users may have.

Advanced Trading Features

Resources for seasoned traders, including stop-loss orders, futures contracts, and margin trading.

Regulation and Compliance

Adherence to pertinent laws and regulations in the jurisdictions where the exchange conducts business.

Jubi Good Or Bad Points

Jubi is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Jubi :

Good points:

1. Security: Jubi offers a high level of security to its users, including two-factor authentication, SSL encryption, and cold storage for the majority of users’ funds.
2. User-friendly interface: The platform is relatively easy to use, even for those new to cryptocurrency trading.
3. Wide range of cryptocurrencies: Jubi offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin.
4. Availability: Jubi is available in over 200 countries around the world, making it accessible to a wide range of users.

Bad points:

1. Limited payment options: Jubi only accepts a limited number of payment options, which may make it difficult for some users to deposit funds.
2. Limited liquidity: Jubi has relatively low trading volume compared to other cryptocurrency exchanges, which can result in limited liquidity for some cryptocurrencies.
3. Limited customer support: Some users have reported slow response times from Jubi customer support team.
4. Regulatory uncertainty: Jubi is based in Ukraine, which has a relatively uncertain regulatory environment for cryptocurrencies.

Is Jubi Is Safe Platform To Trade ?

Verify that the platform is subject to regulation by the appropriate financial authorities in the country where it is used. Regulation adds another level of control and responsibility. Look for details on the platform’s security procedures. This includes two-factor authentication, cold storage for cryptocurrency, and regular security assessments, in addition to the encryption of user data.

Look up ratings and comments left by customers who have used the platform. Online discussion boards, social media, and review websites can offer perceptions on the effectiveness of the platform and user pleasure. A trustworthy platform ought to be transparent about its personnel, business, and administrative procedures. Building trust requires transparency.

Verify the customer service’s availability and responsiveness. A dependable customer support crew is crucial in the event of any complications. Recognize how the platform charges for its services. Your trading profitability may be dramatically impacted by high or concealed fees.

In summary, Jubi has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

Jubi Conclusion

Exchanges typically impose fees for trading, withdrawals, and occasionally deposits. Before trading, users should be aware of the cost structure.Find out what security procedures are used by the platform. Investigate user opinions and comments. Watch out that the platform is transparent about its personnel, business, and procedures. Make sure the customer support is available and helpful. Be familiar with the platform’s fee structure. Examine how user-friendly the UI is. A platform’s availability of educational resources should be verified.

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