Jubi Exchange Review

Learning how to trade crypto can be just as addictive as any other skill – as soon as you’ve mastered the basics, you feel compelled to jump onto the next milestone. And, sometimes, discovering the right tools is exactly the kind of motivation boost you need. If you’re in the market for a new crypto exchange, check out this Jubi exchange review and see what this platform could bring to your crypto trading experience!

It is a centralized application based in Singapore. Aside from direct buy/sell options and spot trading, which you can find in most platforms today (such as Binance, Bybit, or Kraken), it offers margin trading and futures trading with up to 100 leverage.

That said, is this application the best pick for users looking into broadening their palate and taking their crypto trading skills to the next level? I’ll do my best to answer this question in this Jubi exchange review!

Verdict at a glance: Jubi is a competitively-priced centralized crypto trading platform that offers advanced trading types, including futures and margin trading. On the other hand, its user interface and coin selection could use some improvement. Compared to exchanges like Binance, Bybit, and Kraken, Jubi’s functionality isn’t as extensive.

What is Jubi Exchange?

Let’s begin this Jubi exchange review with a little introduction. What is Jubi, and where does it come from?

The platform was founded by a trio of developers: Subhadeep Bhattacharyya, Souvik Das, and Zainab Juzar Tambawalla. It launched in 2013, which makes it one of the oldest exchanges out there, alongside some of the established household names like Kraken.

By 2017, Jubi already boasted the highest trading volume among the Chinese-language crypto platforms. Unfortunately, a year later, it was forced to close due to regulatory pressure from the authorities.

Even though this setback broke the company’s streak of good luck, it hadn’t quite run out yet: in 2022, the Jubi exchange obtained the operation exemption right from the Monetary Authority of Singapore and was acquired by Singapore Uniweb group. The transition came with a rebranding and a complete overhaul: Jubi now goes by the name JuCoin and sports a teal logo in place of the old orange one.

Just when you’d think the platform has settled into its new identity, its development path took one more unexpected swerve. In 2024, yet another ownership transfer took place – this time, into the hands of Exor Digital Holdings Limited, an emerging holding company in the tech sector. It now owns 100% of Jubi’s shares.

EDHL has already made a number of changes and set a new development roadmap in motion. In September, Jubi announced a major upgrade, including some improvements in the UI design and new features like copy trading, lending, a referral system with up to 20% commission rate, and Web3 wallet support.

For the sake of clarity, I’ll continue referring to this platform by its old name throughout this Jubi exchange review, even though it’s currently known as JuCoin (not to be confused with another popular crypto exchange, KuCoin).

Jubi Exchange Review: PROS

Now that you're familiar with the bends and turns of the platform's history, let's dig into the main course of this Jubi exchange review and dissect all of its features one by one – starting with the pros, of course.

Futures Trading With up to 100x Leverage

Futures trading is becoming increasingly common in crypto exchanges – and why shouldn’t it be when it’s already a staple in traditional finance? It’s offered by many of the top players, such as Kraken and Binance. Unsurprisingly, the long development history has given the application ample time to introduce it, too. It’s now one of the platform’s selling features. Therefore, if you want to learn what Jubi is, don’t skip the following paragraphs of my Jubi exchange review!

But first, a little recap (or, perhaps, a 101 overview, if you're not familiar with the term) on what this type of trading is and how it works. Futures trading involves buying and selling contracts that represent the future price of a crypto asset rather than directly trading it. To put it another way, you're essentially making a bet on the price of the crypto in question, and if your shot lands, you make a profit.

Jubi offers a type of futures trading contract called perpetual swap contracts. Their distinguishing feature is that they have no expiration date^[1], which makes them particularly convenient for crypto trading due to their high volatility and 24/7 operating window.

In addition, users on the Jubi exchange enjoy up to 100x leverage - meaning that they can borrow money to increase the potential return on investment. With the platform's generous leverage conditions, you can control a position worth up to $100 using just $1 of your own funds!

Jubi’s futures trading supports market and stop-limit orders. Sadly, it only offers one trading pair – BTC/ETH. Granted, these are the two most popular cryptocurrencies, so if the company had to pick one single market that would please the highest number of users, they certainly didn’t miss the mark. However, the lack of options would be a dealbreaker for many others.

On the bright side, budget-savvy traders won’t be disappointed: Jubi charges a very competitive fee rate of 0.03% per contract for both makers and takers.

The profits are settled every 8 hours at 04:00,12:00, and 20:00 daily (SGP Time, UTC+8). The users’ unrealized profit and loss (UPL) will be transferred to realized profit and loss (RPL).

Allow me to conclude this section of my Jubi exchange review with a word of caution. Futures trading can be a risky affair, especially when leverage is involved. The latter, in particular, is a double-edged sword: it amplifies not only your profits but your losses, too. Thread carefully, and don’t bite off more than you can chew! It’s better to start with small sums than risk it all for the elusive big win.

Other Types of Trading on the Jubi Exchange

Futures trading might be Jubi's hallmark trading feature – but it's far from the only one you'll find on this platform. If the tool feels a bit too risky or intangible to you, it has several other types of trading for you to explore. You can explore them in this section of my Jubi exchange review.

Spot Trading

Spot trading hardly needs an introduction – it’s the most basic type of crypto trading and the most accessible one for beginners. Still, every platform has its own spin.

If you’ve used other centralized crypto exchanges before, you’ll find Jubi’s spot trading interface a familiar sight. It contains TradingView with its candle stick and depth charts, order books and trade history, and an easy-to-navigate market panel, as well as an option to switch between Light and Dark Mode.

What's worth noting is that when it comes to spot trading, the platform offers a much more generous cryptocurrency selection. To be more specific, you'll find over 300 pairs in total (I'll cover it in more detail later in this Jubi exchange review).

Jubi’s supports multiple order types, including market, limit, and stop-limit orders – which makes it well suited for active traders. Another perk is low trading fees, ranging from 0.10% to 0.20%.

Margin Trading

Margin trading is often regarded as futures’ underappreciated sibling. In contrast, both types of trading are likely to involve leverage and margin deals with actual assets, not contracts on said assets’ price changes. You can find margin trading in a number of other popular exchanges, such as KuCoin and Coinbase. Let’s see Jubi’s take on this trading option.

As is usually the case, the platform offers a much lower leverage rate for margin trading than futures: only 3x. Sadly, just like with the latter, Jubi has opted to limit the coin selection to only one pair: BTC/ETH.

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Jubi Exchange Review: CONS

Now that I’ve covered all the upsides, it’s only fair to balance out this Jubi exchange review by shining some light on the platform’s shortcomings, too.

Unpolished User Interface and Lack of a Help Center

Both the visual and the interactive aspects of the user interface can have a massive impact on how the platform is perceived. It’s a pity that Jubi doesn’t quite clear the bar when it comes to this area. The platform’s interface has a distinctly unfinished feel to it. Likely due to frequent overhauls, a lot of the design elements don’t feel cohesive.

Translation discrepancies are a particularly glaring flaw: entire sections of the official website are missing transitions in other languages, including English. In some cases, the translation is available, but the page still defaults to Simplified Chinese when you click on it, even if you’d previously selected English.

The platform’s official website itself doesn’t feel very informative. As of this Jubi exchange review, many of the tools are missing an official description, and the landing page has banners with (presumably) upcoming features with no context. On top of that, the platform's help center doesn't have any FAQ articles. It only consists of announcements, which might be a turn-off for new users who've just discovered Jubi and aren't familiar with its nuances yet.

On the plus side, the platform does have mobile apps for both iOS and Android. It offers the same functionality as its web counterpart, such as easy deposits and withdrawals, market analysis tools, and the rest.

Limited Cryptocurrency Selection

I’ve already touched on this topic earlier in my Jubi exchange review, but it bears repeating. With only 325 USDT and 16 USDC trading pairs, the platform's crypto selection does feel a bit meager – and that goes even more for futures trading, which only supports 1 trading pair (BTC/ETH), and margin trading, which offers 5 coins:

• USDT
• BTC
• EOS
• LTC
• XRP

That said, you’ll still be able to find many of the popular coins for spot trading, such as ADA, ATOM, BNB, XRP, and TRON.

Speaking of currencies, this Jubi exchange review wouldn’t be complete without mentioning the platform’s very own Jubi token. It was originally used for staking and yield farming. However, since those features aren’t available on the platform’s current iteration, it’s mostly used as a reward initiative: Jubi holders get a 50% discount on the service charge of spot trading for what Jubi terms to be “mainstream coins”. The exhaustive list features:

• BTC
• ETH
• USDT
• BCH
• XRP
• DOT
• TRX
• XLM

The Jubi token is also used as the platform’s governance token.

Few Reward Programs

As any developer is well aware, gaining users is only half the battle – it’s convincing them to stay that really counts in the long run. And that’s where reward programs come in handy. Be it staking, referrals, affiliate programs, or all of the above – those initiatives give any crypto exchange some extra bonus points!

Unfortunately, this is where Jubi comes up a bit short. While the 2020 version came with a generous staking program for over 30 cryptocurrencies, this option is currently missing. There’s no token launchpad or an affiliate program, either.

Having said that, the company is planning to launch a new referral program with up to a 20% commission rate. The release date is still unspecified. There’s also a VIP pricing tier system for transaction fees, which I will elaborate on in the following chapter.

Jubi Exchange Fees

Hopefully, you now have more than just a vague idea of what this platform is. Let’s move on to the next part of this Jubi exchange review, then, and get to the bottom of one of the few remaining questions: how much does it cost to trade on this platform?

Even though Jubi employs the maker-taker model, the rates for both types of traders are the same: 0.2% for spot trading, 0.03% for margin trading, and 0.01% for leverage. Those rates are some of the lowest in the market, which makes Jubi a desirable option for both beginner traders unwilling to spend too much on their first trading attempts, as well as those on a tight budget.

Like many of the top exchanges today, this platform caters to its loyal users by offering transaction fee discounts for VIP members. Here’s what the whole tier structure looks like for spot trading:

Table: Jubi's VIP tier pricing.

The percentage refers to the proportion of the trading fees users in each membership tier are subject to pay. For example, if you're on tier 0, you still have to pay the full trading fees - but the higher up you climb on the tier ladder, the higher the discount you get until you reach the SuperVIP tier, where you only have to pay 60% of the fee you'd normally be expected to pay.

Alternatives: Binance, Bybit, and Kraken

Jubi might be one of the oldest exchanges out there, all the overhauls notwithstanding – but can it go head-to-head with the top giants? Let’s see how this platform fairs against three of the best-rated centralized crypto exchanges.

Jubi VS Binance

Binance is one of the most popular crypto exchanges out there. Launched in 2017, it didn’t take long to gain fame due to its low fees, versatile trading options, and user-friendly interface. Let’s see how it stacks up against the subject of this Jubi exchange review!

The first thing worth noting is that Binance offers not only spot trading but futures and margin trading, too. It supports a higher leverage than Jubi for futures trading – up to 125x compared to Jubi’s 100x, as well as a higher leverage for margin trading at 5x.

As versatile as it is, when it comes to trading options, Binance still has the upper hand because of its options trading feature. It is a type of tool that allows investors to buy or sell the right (but not the obligation) to purchase or sell cryptocurrency at a set price before a specific date. Letting them profit from price swings without owning the asset.

Binance charges 0.1% for spot trading, a 0.02% maker fee, a 0.05% taker fee for futures trading, and 0.03% for options trading – which makes it slightly more affordable than Jubi. The official coins of both exchanges (JT and BNB) give their users a 50% discount on trading fees, although in Jubi’s case, this is limited to only certain coins.

When it comes to security, both Binance and Jubi are on a similar level – which is to say, they don’t bring any extraordinary cutting-edge security measures to the table but still maintain an adequate level of security by employing all the standard measures, such as 2FA authentication.

That said, Binance does go the extra mile by maintaining an insurance fund for futures trading, meant to protect users in case of adverse losses resulting from bankrupt positions. On the other hand, the platform has faced some regulatory issues in the past.

Where Binance really takes the crown, however, is its various reward initiatives and loyalty programs. It features prize lotteries, an ICO launchpad, a rewards hub, a staking program, and more. It comes with a Web3 wallet, too, providing users with a gateway into the world of DeFi.

Binance is also the undisputed winner in the cryptocurrency selection area. It currently has 401 cryptocurrencies, 11 fiat currencies, and a whopping 1,590 trading pairs.

Unlike Jubi, Binance offers a much better user experience, starting with a streamlined and polished interface, as well as a comprehensive help center. Both exchanges have iOS and Android mobile apps.

Jubi VS Bybit

Bybit, too, is a well-known name in the crypto circles. It’s only fair to include it as a contender in this Jubi exchange review.

Founded in 2018, Bybit has seen quite a lot of expansion since then – it features not just a centralized exchange but a Web3 wallet, an advanced DEX, and numerous DeFi integrations. This certainly gives it an edge over Jubi, which, for all of its advanced trading features, still remains primarily a centralized exchange.

Aside from basic spot trading, Bybit comes with three types of derivatives trading: perpetual, futures, and options. For the first one, users have the option to get up to 125x leverage. Another perk is copy trading, where others can mirror the moves of more experienced investors, and demo trading, which lets users try their hand without having to risk their own funds. A word of caution, though: users' profiles and trading history aren't always reliable indicators of their expertise^[2].

Another feature Bybit has that’s missing in Jubi is trading bots. With their help, users can automate their trade placement so they don’t have to track the market manually and worry about missing the best window.

When it comes to trading fees, Bybit is no less competitive than Jubi. Spot trading fees run a spectrum from 0.1% all the way down to 0.02% and 0% for market takers and makers, respectively. Meanwhile, futures trading costs 0.02% for makers and 0.055% for takers; options trading - 0.02%.

Bybit is available in over 180 countries. That said, a few are excluded due to regulatory constraints. For instance, it isn't available in the US, the UK, Canada, France, Cuba, and Iran.

Jubi VS Kraken

Two years older than Jubi, Kraken is one of the most mature and established crypto exchanges – which certainly makes for a fitting comparison! Time to measure Jubi against one final competitor.

When it comes to trading options, Kraken is no less versatile – it offers spot, derivatives (with +200 multi-collateral contracts), and margin trading. However, its leverage isn’t quite as generous – users only get up to 50x for futures trading. It does have a slightly higher leverage for margin trading at 5x.

Let’s take a look at the trading fees next. On Kraken, spot trading costs 0.25% for makers and 0.4% for takers, while trading fees for futures are 0.02% for makers and 0.05% for takers, which is very similar to Jubi. Kraken has also implemented a VIP tier structure: for spot trading, the tiers with the highest trading volume have maker’s fees as low as 0%!

Kraken’s cryptocurrency selection is nothing to sneeze at – it offers more than 500 coins and over 600 trading pairs. Kraken has its own official token, too – although not a unique one. Kraken Wrapped Bitcoin (kBTC) is a tokenized version of Bitcoin representing BTC holdings stored by the company. It’s backed 1:1 by an equivalent amount of Bitcoin BTC held in Kraken's custody.

Just like Jubi, the competitor utilizes cold storage for its assets (95% of user funds are held offline), 2FA authentication, and KY. It has a bounty-hunting program that invites users to find bugs in the system and inform the company about it. In 2024, however, this program was exploited by a group of hackers who claimed to have found a critical bug that resulted in them being able to artificially inflate their account balance. They refused to return the funds. To this day, Kraken is still working with the authorities to retrieve them.

Kraken operates in over 190 countries and 48 U.S. states.

Even though this platform does feature a much better FAQ and help center than Jubi, as well as a learning center covering various blockchain-related topics, its customer support still leaves something to be desired: many users have complained about long response times.

Kraken comes with not only a mobile app but also desktop software for both macOS and Windows. This is a rarity among crypto exchanges. In addition, users can choose between Standard and Pro modes, depending on their needs. Some of the platform's other features currently missing in Jubi include a staking program and an NFT marketplace.

How to Sign Up on Jubi Exchange?

At the end of the day, the only way to find out what Jubi is like is to see for yourself! Here’s a simple step-by-step guide you can follow to get started:

Step 1: Go to the official Jubi website and click “Sign up” in the top right corner.

Step 2: Fill in your email address, create a password, and type in the verification code that was sent to the email you provided.

Step 3: Check the Terms and Conditions box and click “Sign up”.

That’s it! You’re now ready to use the Jubi exchange.

Pros

• Secure and reliable
• Low fees
• A good amount of fiat currencies accepted

Main Features

• Reputable exchange
• Multiple fiat currencies are accepted
• Relatively low trading fees

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Pros

• Fiat currencies - accepted
• Simple to use
• Accepts only the most trustworthy cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for beginner investors
• Accepts fiat currencies

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Pros

• Fully reserved and transparent
• Multiple tradable asset classes
• Early new token support

Main Features

• 265 supports cryptocurrencies
• Secure & transparent
• Fully reserved

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Conclusions

Time to wrap up this Jubi exchange review with a quick summary. Jubi is a Singapore-based centralized crypto exchange specializing in futures and margin trading. It offers up to 100x leverage for futures and 3x for margin trading. Aside from these advantages, Jubi boasts competitive fees.

As for the drawbacks, Jubi’s interface could do with more polish, especially when it comes to providing translations and a better help center. On top of that, the platform has a very limited coin selection, especially for futures and margin trading.

To sum it up, the Jubi exchange can be a suitable choice for traders looking to get into futures and margin trading with generous leverage and competitive fees. However, if you’re in the market for a multi-faceted exchange that offers more ways to earn money and delve into DeFi, I recommend checking out some of the top CEXs, such as Bybit or Binance.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. J. Hossinzadeh.: 'The Concept, Structure and validity of the Perpetual Futures Contract in the Cryptocurrency Market';

2. D. Kawai., K. Soska., B. Routledge., et al.: 'Stranger Danger? Investor Behavior and Incentives on Cryptocurrency Copy-Trading Platforms'.