Bitkub promo & referral 2026 — Thailand's largest exchange

Bitkub — Thailand's SCB-affiliated crypto market leader

Bitkub launched in 2018 and rapidly became the dominant Thai crypto exchange. The platform's regulatory anchor is the Thai Securities and Exchange Commission's Digital Asset Exchange licence — one of the more prescriptive crypto regulatory frameworks in Southeast Asia, with capital adequacy minimums, segregated client custody requirements, and Bank of Thailand AML supervision. In 2021 SCB X (the holding company of Siam Commercial Bank, one of Thailand's largest commercial banks) attempted to acquire a majority stake in Bitkub for approximately $537M; that deal was eventually reduced in scope but SCB X retains a minority position that anchors Bitkub's institutional credibility. The 2026 product holds roughly two-thirds of Thai domestic crypto-trading volume.

Activation flow

Sign up at bitkub.com or via the iOS / Android app with a Thai phone number and Thai national ID card. Complete SEC-Thailand-grade KYC via in-app eKYC photo verification. Link a Thai bank account for THB deposits — Bitkub supports all major Thai commercial banks including SCB, KBank, Krungthai and Bangkok Bank via PromptPay. The ฿500 welcome bonus is credited as THB trading credit after the invitee makes a first qualifying deposit (typically ฿2,000 minimum). Bitkub Coin (KUB) — Bitkub's native blockchain token — provides fee discounts when staked.

The SCB X deal and what it changed

The 2021 SCB X acquisition attempt was the largest crypto-exchange M&A deal in Southeast Asian history and would have made Bitkub a direct subsidiary of one of Thailand's largest commercial banking groups. The deal was eventually structured down to a minority stake in 2022 following regulatory due-diligence concerns, but the strategic relationship remains. The result is that Bitkub now operates with implicit institutional backing from SCB X without being a regulated subsidiary — a hybrid status that provides credibility without the full regulatory overhead that a full bank acquisition would impose.

Pros and cons

Bitkub vs Bitazza vs Binance TH

Editor's personal take

Bitkub is the default Thai exchange recommendation for any Thai resident entering crypto for the first time. The combination of dominant domestic market share, SEC-Thailand licensing, SCB X institutional anchor, and PromptPay rail integration produces the lowest-friction onboarding path in Thai retail crypto. The 2022 SEC enforcement action over listing controversies is a real but contained operational-history mark; the platform has tightened internal listing-due-diligence processes since. For active traders wanting tighter fees, Bitazza is the closer fit; for Binance-ecosystem users, Binance TH via Gulf Energy is the alternative.

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