What is Orbix?
Orbix, launched in 2017, is a centralized cryptocurrency exchange based in Thailand, operating under the Orbix Group, a digital asset ecosystem backed by Kasikornbank (KBank), one of Thailand’s largest financial institutions. Headquartered in Bangkok, Orbix is licensed by the Thai Ministry of Finance and regulated by the Securities and Exchange Commission of Thailand (SEC), making it one of the most trusted platforms in the country. The exchange supports trading for 33 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Firo (FIRO), and Ripple (XRP), with 33 trading pairs and a 24-hour trading volume of approximately $193,456, focusing on Thai Baht (THB) pairs like USDT/THB, which accounts for $138,327 of daily volume.
Orbix emphasizes security, simplicity, and regulatory compliance, offering a user-friendly platform for both retail and institutional investors. Its spot trading interface supports market and limit orders, with a mobile app (iOS and Android) featuring real-time charts and portfolio tracking. The platform is part of a broader Orbix Group ecosystem, including Kubix (Thailand’s first SEC-approved ICO portal), Orbix Invest (digital asset fund management), Orbix Technology (developer of Quarix blockchain infrastructure), and Orbix Custodian (Thailand’s first licensed digital asset custodian). This integration positions Orbix as a cornerstone of Thailand’s ambition to become a regional fintech hub, as highlighted at Money20/20 Asia in 2024.
Security is a standout feature, with Orbix accredited to ISO 27001:2013 (Information Security), ISO 27701 (Personal Data Management), and ISO 22301:2019 (Business Continuity Management) standards. It employs cold storage, two-factor authentication (2FA), and an insured platform to protect user funds, with stringent coin selection criteria to ensure regulatory compliance. Deposits and withdrawals are noted for their speed, supporting THB via bank transfers and crypto transfers. However, Orbix’s small coin selection (33 vs. Binance’s 350+) and low trading volume ($193K vs. Mercado Bitcoin’s $6.8M) limit its global competitiveness. User reviews praise its regulatory oversight but note limited asset variety and higher fees compared to international peers. Recent X posts emphasize Orbix Group’s ecosystem, with KBank’s backing signaling trust, but some users question its scalability outside Thailand. For Thai traders seeking a secure, regulated platform, Orbix is a top choice, but its niche focus and centralized risks require caution.
What are the trading fees on Orbix?
Orbix’s trading fees are not explicitly detailed in available sources, but as a regulated Thai exchange, they likely align with regional standards, estimated at 0.2%–0.3% for makers and takers based on platforms like Bitkub. Deposits in THB or crypto are typically free, while withdrawals incur network-specific fees (e.g., 0.0005 BTC for Bitcoin). Fiat withdrawals may carry a small bank transfer fee (e.g., 20 THB). Users should verify precise rates on Orbix’s official fee schedule at orbixtrade.com, as fees may vary by trading volume or account tier.
Does Orbix offer leverage trading?
No, Orbix does not currently offer leverage trading, margin trading, or futures trading. The platform focuses on spot trading for its 33 supported cryptocurrencies, prioritizing regulatory compliance and simplicity. Traders seeking leverage should consider alternatives like Nami Exchange (up to 125x leverage) or BloFin (up to 150x leverage), noting regional restrictions.
Is there a research audit report for Orbix?
Orbix does not publicly disclose comprehensive third-party audit reports or proof-of-reserves data, with exchange reserves listed as unavailable on CoinGecko. However, its ISO 27001:2013, ISO 27701, and ISO 22301:2019 accreditations, along with SEC oversight and KBank backing, enhance security credibility. The lack of transparent reserve audits raises concerns compared to exchanges like WOO X or Kinesis Money, which provide reserve dashboards. Users should approach with caution and monitor Orbix’s official channels for updates on reserve transparency.
Is Orbix safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. It's all based on contract code so you can clearly look at what's behind the scenes, and how their contracts work.
Does Orbix have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the customer support service provided by the centralized crypto exchange by asking a question to the support section on its website.
