The hydrogenation and deuteration of graphite with potassium intercalation compounds as starting materials were investigated in depth. Characterization of the reaction products (hydrogenated and deuterated graphene) was carried out by thermogravimetric analysis coupled with mass spectrometry (TG-MS) and statistical Raman spectroscopy (SRS) and microscopy (SRM). The results reveal that the choice of the hydrogen/deuterium source, the nature of the graphite (used as starting material), the potassium concentration in the intercalation compound, and the choice of the solvent have a great impact on the reaction outcome. Furthermore, it was possible to prove that both mono- and few-layer hydrogenated/deuterated graphene can be produced.