About Bithumb
Bithumb is one of South Korea’s largest crypto exchanges, with $205 million in daily trading volume at the time of writing and with 170+ listed cryptocurrencies. The platform supports crypto bot trading, provides extensive investment opportunities and accounts for institutional investors, ensures access to major liquidity pools, offers clients the option to earn passive income through deposit programs, and presents 24/7 customer support and a user-friendly interface.
Bithumb Cryptocurrency is the South Korean entrepreneur, founder and former CEO of Bithumb. In 2018, he left his post and joined Bezant as Chief Cryptocurrency Officer. Another key figure is Javier Sim, co-founder and managing director at Bithumb Global Holdings. He attended the City University of Hong Kong and Cardiff University. Before Bithumb, Sim worked as an investment banker at HSBC and BOCI (Bank of China International).
Information Table
| Exchange Name | Bithumb |
| Exchange Service | Spot and futures trading |
| Exchange Launch Year | 2018 |
| Made In | South Korea |
| Mobile App | Android & IOS |
| Fiat Option | Available |
| KYC | Required |
| 2FA Security | Available |
| Min Takers Fees | 0.15% |
| Min Makers Fees | 0.15% |
| Referral Program | Up to 5% of the commission |
| Support | Email & Live Chat Option Available |
| Official Website | Click Here To Visit |
How To Register At Bithumb Exchange ?
To register on Bithumb, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.
You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.
Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.
How To Verify Your Bithumb Cryptocurrency Account ?
There is no mandatory verification at Bithumb, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 1000. In the future, depending on the actions of regulatory authorities, conditions may change.
For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bithumb, Revolute platforms.
How To Buy Crypto Or Deposit Crypto At Bithumb Crypto Exchange ?
There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.
Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.
After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.
Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.
Second Method
You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:
- Go to the “Deposit” section from the “Assets” menu.
- From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
- The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
- You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.
How To Withdraw Crypto Asset From Bithumb Exchange ?
Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.
Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.
How To Secure Your Bithumb Account ?
Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.
Bithumb Fees
Transaction fees range between 0.04% to 0.25%. The basic commission for trading (the maker fee or the taker fee) is 0.15% of the total purchase/sale amount. The exchange also offers its users lower rates and vouchers that can be accessed through user accounts. There are no deposit fees.
Fee
Bithumb’s Trading Fee and Deposit/Withdrawal Fee are as stated below.
Transaction commission
| Category | Fees (Maker Fee / Taker Fee) |
|---|---|
| KRW Market | 0.04% ~ 0.25% |
| BTC Market |
Deposit/withdrawal commission
| Asset | Deposit commission (Deposit Fee) | *Making small deposits | Withdrawal commission (Withdrawal Fee) | |
|---|---|---|---|---|
| Internal withdrawals | Withdrawal | |||
| KRW | Free | Free | Free | 1,000 |
| Bitcoin(BTC) | 0.00001 | 0.001 | ||
| Ethereum(ETH) | Free | 0.01 | ||
| Ethereum Classic(ETC) | Free | 0.01 | ||
| Ripple(XRP) | Free | 1 | ||
| Bitcoin Cash(BCH) | 0.001 | 0.001 | ||
| Qtum(QTUM) | Free | 0.01 | ||
| Bitcoin Gold(BTG) | 0.001 | 0.001 | ||
| EOS(EOS) | Free | 0.1 | ||
| ICON(ICX) | Free | 0.01 |
Features Of Bithumb Crypto Exchange
Available At Android & IOS Store
Bithumb Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.
Wide range of cryptocurrencies
Bithumb offers trading services for a wide range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and others.
User-friendly interface
The exchange has a user-friendly interface that is easy to navigate, making it accessible to both new and experienced traders.
Low fees
Bithumb charges low fees compared to other exchanges, making it an affordable option for those who want to trade cryptocurrencies.
24/7 customer support
Bithumb provides 24/7 customer support through its online ticketing system, allowing users to get help and support when they need it.
High security
Bithumb has implemented measures to improve the security of its platform and customer funds, including multi-signature technology, cold storage of assets, and others.
International support
The exchange is available for use internationally, making it accessible to a wide range of users around the world.
24/7 Live Chat
If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.
Bithumb Conclusion
Bithumb is a South Korean cryptocurrency exchange that was founded in 2013. It is one of the largest exchanges in South Korea and offers a wide range of trading services for cryptocurrencies, including Bitcoin, Ethereum, Ripple, and others. Bithumb has faced security issues in the past, but has implemented measures to improve the security of its platform and customer funds. The exchange is known for its user-friendly interface, low fees, and 24/7 customer support. Overall, Bithumb is a reputable and reliable platform for trading cryptocurrencies in South Korea and internationally.