jubi

Overview of jubi

Founded in Singapore, Jubi is an unregulated cryptocurrency exchange offering over 100 different coins and tokens for trading. Operating without specific regulatory oversight, Jubi's security measures are undisclosed, raising concerns about user protection. Notably, the exchange charges 0.1% maker and taker fees for mainstream currency pairs, 0.2% for other pairs, and 0.075% for some contract trading pairs. While depositing cryptocurrencies incurs no fees, withdrawal fees vary by cryptocurrency and payment method. Jubi provides customer support via various channels including QQ group (319475458), Twitter, Weibo, Telegram communities, and the BiYong platform. Users are advised to carefully assess security and research regulated alternatives.

Pros and cons

Jubi offers advantages such as low fees (0.1% maker, 0.2% taker), a diverse range of 100+ cryptocurrencies, and support for Chinese Yuan (CNY) trading. The exchange also provides multiple deposit and withdrawal options like bank transfers, WeChat Pay, Alipay, and QQ Pay, alongside strong customer support. However, notable downsides include the lack of regulation by major financial authorities, past involvement in controversies including a 2017 security breach, potential for anonymous trading, and withdrawal fees for both cryptocurrencies and fiat currencies.

Regulatory Authority

Jubi does not specify its regulatory authority, which means it operates without clear oversight and regulation. The disadvantages of an unregulated exchange include a lack of protection for user funds and personal information, as well as potential risks of fraud and security breaches.

To mitigate these risks, traders should consider using exchanges that are regulated by reputable authorities. Regulated exchanges are subject to certain standards and requirements that help ensure the safety and security of user funds. Additionally, traders should conduct thorough research on any exchange they plan to use and consider factors such as the exchange's reputation, security measures, and customer reviews. It is important to choose an exchange that prioritizes user protection and provides transparent information about its regulatory compliance.

Security

Jubi does not provide specific information about its security measures, so it is difficult to assess the level of security it offers. Without transparency regarding security measures such as encryption protocols, two-factor authentication, or cold storage for funds, it is challenging to determine the effectiveness of Jubi's security measures.

Therefore, potential users should exercise caution when considering using Jubi and should research and compare other exchanges that provide more detailed information about their security measures. It is important for users to prioritize the safety of their funds and personal information by choosing an exchange that has robust security measures in place, including strong encryption, regular security audits, and transparent policies on user protection.

Cryptocurrencies Available

Jubi offers a wide variety of cryptocurrencies to its users, with over 100 different coins and tokens available for trading. Here are some examples of cryptocurrencies that are available on Jubi:

• Bitcoin (BTC)

• Ethereum (ETH)

• Tether (USDT)

• Binance Coin (BNB)

• XRP (XRP)

• Cardano (ADA)

• Solana (SOL)

• Polkadot (DOT)

• Avalanche (AVAX)

• Terra (LUNA)



How to open an account？

The specific registration process for Jubi is not provided. However, registration processes for virtual currency exchanges typically involve the following steps:

• Visit the Jubi website and click on the “Register” or “Sign Up” button.

  

2. Provide basic personal information, such as your name, email address, and password.

3. Verify your email address by clicking on the confirmation link sent to your email.

4. Complete any additional account verification requirements, such as submitting identification documents or completing a Know Your Customer (KYC) process.

5. Set up additional security measures, such as enabling two-factor authentication (2FA) for your account.

6. Review and agree to the terms and conditions of Jubi's service before finalizing your registration.

Please note that the actual registration process for Jubi may vary, and it is advisable to visit their website or contact their customer support for detailed instructions.



Fees

Jubi charges 0.1% maker and taker fees for mainstream currency pairs, 0.2% for other currency pairs, and 0.075% for taker fees on some contract trading pairs.

Currency Pair	Volume	Taker Fee	Maker Fee
Mainstream Currency Pairs	No limit	0.1%	0.1%
Other Currency Pairs	No limit	0.2%	0.2%
Contract Trading Pairs	No limit



Payment Methods

Deposit fees: There are no deposit fees for depositing cryptocurrencies on Jubi. However, there may be network fees charged by the blockchain network.

Withdrawal fees: The withdrawal fees for cryptocurrencies vary depending on the cryptocurrency. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, and the withdrawal fee for Ethereum is 0.001 ETH.

Fiat currency withdrawal fees: The withdrawal fees for fiat currencies vary depending on the payment method. For example, the withdrawal fee for bank transfer is 10 RMB, and the withdrawal fee for WeChat Pay is 2 RMB

Payment Method	Buy	Sell	Add Cash	Cash Out	Speed
Bank Transfer	Yes	Yes	Yes	Yes	1-3 business days
WeChat Pay	Yes	Yes	Yes	Yes	1-3 minutes
Alipay	Yes	Yes	Yes	Yes	1-3 minutes
QQ Pay	Yes	Yes	Yes	Yes	1-3 minutes
USDT Tether	Yes	Yes	Yes	Yes	Instant

Customer Support For customer support, Jubi provides assistance through various channels such as its official QQ group (319475458), Twitter account (https://twitter.com/JBEXCOM), Weibo account (https://weibo.com/u/7437432596), Chinese Telegram community (https://t.me/JUBIEX), and English Telegram community (https://t.me/JubiEnglish). Additionally, they have a presence on the BiYong platform (https://0.plus/JUBIEX). You can also find them on social media platforms like Facebook, Twitter, and LinkedIn.



Compare to Other similar Brokers

In comparison to other brokers, Jubi offers over 100 cryptocurrencies for trading with a maker fee of 0.1% and a taker fee of 0.2%. Binance features 500+ cryptocurrencies with lower fees (maker: 0.04%, taker: 0.075%), while Coinbase provides 100+ cryptocurrencies at a higher fee rate (maker: 0.5%, taker: 0.5%). Kraken offers 60+ cryptocurrencies with fees falling in between (maker: 0.16%, taker: 0.26%). Jubi has a lower account minimum of 100 RMB, compared to Coinbase's 25 USD requirement, while Binance and Kraken have no minimum. Unlike Binance, Jubi lacks promotions, which Binance offers regularly.

Feature	Jubi	Binance	Coinbase	Kraken
Cryptocurrencies	Over 100	500+	100+	60+
Fees	Maker: 0.1%, Taker: 0.2%	Maker: 0.04%, Taker: 0.075%	Maker: 0.5%, Taker: 0.5%	Maker: 0.16%, Taker: 0.26%
Account minimum	100 RMB	0	25 USD	0
Promotions	None	Regular promotions, including sign-up bonuses, airdrops, and trading competitions	None	None

Is jubi a Good Exchange for You？

Based on the limited information provided, it is difficult to determine the specific target groups that would be suitable for trading on Jubi. However, there are a few general recommendations that can be made:

1. Experienced Traders: Jubi may be suitable for experienced traders who have a strong understanding of the virtual currency market and are comfortable with the potential risks associated with trading on an exchange that lacks transparency in certain aspects. These traders may value the platform offered by Jubi for its potential to trade a variety of cryptocurrencies.

2. Chinese Market Participants: Given that Jubi is based in Singapore, it could be particularly appealing to individuals who are located in Singapore, or are interested in trading within the Chinese market. The presence and potential market size of the Chinese cryptocurrency community may offer unique opportunities for traders looking to engage in this market.

3. Risk-Tolerant Traders: Traders who are comfortable taking on higher levels of risk may find Jubi to be a suitable platform. However, it is essential for these traders to conduct thorough research and understand the potential risks associated with trading on an unregulated exchange with limited transparency.

It is important to note that these recommendations are based on limited information and a comprehensive understanding of Jubi's target audience would require a more in-depth analysis and access to additional information about the exchange and its services. Traders should conduct their own research and consider their individual circumstances, risk tolerance, and investment goals before deciding to use any particular exchange or trading platform.

Conclusion

In conclusion, Jubi is a virtual currency exchange based in Singapore, that provides a platform for users to engage in virtual currency trading. Some of the advantages of Jubi include its long-standing presence in the industry since its founding in 2013 and its potential access to a large market of cryptocurrency users in Singapore,. However, Jubi also has notable disadvantages such as a lack of transparency in its regulatory authority, a lack of information on the number of cryptocurrencies available for trading, and a lack of specific details regarding fees, payment methods, and customer support. It is important for potential users to carefully consider these factors and conduct thorough research before deciding to use Jubi or any other virtual currency exchange.

FAQs

Q: What are the advantages of trading on Jubi？

A: Jubi offers users a platform for virtual currency trading, allowing individuals to buy and sell cryptocurrencies and potentially profit from market fluctuations. This can be particularly appealing to experienced traders who have a strong understanding of the virtual currency market.

Q: Is Jubi a regulated exchange？

A: Jubi does not specify its regulatory authority, which may raise concerns about oversight and security measures. Traders should consider using exchanges that are regulated by reputable authorities to ensure the safety and security of their funds.

Q: Does Jubi provide information on available cryptocurrencies？

A: Jubi does not disclose the total number of cryptocurrencies available for trading, which may make it difficult for potential users to assess the range and diversity of options offered by the exchange.

Q: What information does Jubi provide about fees, payment methods, and customer support？

A: Jubi does not provide specific details about its fee structure, accepted payment methods, or the level of customer support it offers. This lack of information may make it challenging for users to understand the costs and convenience associated with using the exchange, as well as the level of assistance available in case of issues or inquiries.

Q: What educational resources and tools does Jubi offer？

A: Jubi does not mention any specific educational resources or tools on its website, so it is unclear what educational materials or tools are available to users on the platform.

Q: What target groups may find Jubi suitable for trading？

A: Based on the limited information available, Jubi may be suitable for experienced traders who have a strong understanding of the virtual currency market. It could also be appealing to individuals located in Singapore, or those interested in trading within the Chinese market.

Q: What are the disadvantages of trading on Jubi？

A: Some disadvantages of Jubi include a lack of transparency in its regulatory authority, a lack of information on the number of cryptocurrencies available for trading, and a lack of specifics regarding fees, payment methods, and customer support. Potential users should carefully consider these factors before deciding to use Jubi or any other virtual currency exchange.

User Review

User 1: I've been using Jubi for a few months now and overall, I'm pretty satisfied. The interface is user-friendly and easy to navigate, which makes trading a breeze. The exchange offers a decent variety of cryptocurrencies to choose from, which is great for diversifying my portfolio. One thing I wish they would improve is their customer support. Sometimes it takes a bit too long to get a response, especially during peak trading times. Overall, though, I feel like my investments are secure and the fees are reasonable.

User 2: I had a bad experience with Jubi. Their lack of clear regulation and security measures made me nervous about the safety of my funds. I also encountered issues with their customer support, as it took a long time for them to address my concerns. The limited number of available cryptocurrencies was disappointing, and their trading fees were higher compared to other exchanges I've used. I also had trouble with the deposit and withdrawal process, as it took longer than expected for my transactions to be processed. Overall, I would not recommend Jubi for those looking for a reliable and secure crypto exchange.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.