Bithumb is one of South Korea's largest cryptocurrency exchanges, with a strong focus on security and compliance. With high daily trading volumes and a user-friendly interface, it caters primarily to the South Korean market while expanding its global reach.
What is Bithumb?
Bithumb stands as one of South Korea's premier cryptocurrency exchanges, boasting a daily trading volume of $205 million and featuring a diverse selection of 170+ cryptocurrencies.
Key Features:
Explore Bithumb's offerings, including support for crypto bot trading, extensive investment opportunities, institutional investor accounts, access to major liquidity pools, passive income through deposit programs, and a user-friendly interface. The platform also ensures 24/7 customer support.
Regulatory Compliance:
While currently unregulated, Bithumb is in the process of aligning with international financial regulators like FIU and FSC. Trading on the platform requires a registered account, involving an OTP verification process. Bithumb employs an identity protection system (ISMS service), advanced AML verification, and a 24x7 trade monitoring system.
Global Expansion:
Originally focused on Korea, Bithumb has evolved into a global exchange, aiming to establish itself as a comprehensive digital financial corporation based on blockchain technology.
Contact Information:
For general inquiries, reach out to [email protected]. Listing and partnership inquiries can be directed to [email protected] and [email protected], respectively. Follow their Medium blog for updates: Bithumb Medium.
Leadership and Founders:
Learn about the founders, including Dae-sik Kim, the former CEO, and Javier Sim, co-founder and managing director. The current CEO is Back Young Heo.
Launch Timeline:
Bithumb originated in 2013 under BTC Korea.com Co. Ltd, officially launched in 2014 as Xcoin, and later rebranded to Bithumb in 2015. The mobile version for Android and iOS followed in 2016.
Restricted Countries:
While primarily serving South Korea, Bithumb is available globally with restrictions in 21 countries that haven't complied with FATF recommendations.
Supported Coins:
Explore Bithumb's extensive list of supported digital assets, numbering over 180, with 280+ trading pairs. Major cryptocurrencies such as BTC, ETH, XRP, ETC, ADA, DOT, MATIC, BCH, and LTC are included.
Fee Structure:
Transaction fees on Bithumb range from 0.04% to 0.25%, with the basic commission for trading set at 0.15%. Users may access lower rates and vouchers through their accounts, and there are no deposit fees.
Leverage and Margin Trading:
Bithumb currently does not offer leverage or margin trading services.
Stay informed with Bithumb's dynamic offerings and evolving position in the global crypto landscape.
What are the trading fees on Bithumb?
Transaction fees on Bithumb range from 0.04% to 0.25%, with the basic commission for trading set at 0.15%. Users may access lower rates and vouchers through their accounts, and there are no deposit fees.
Does Bithumb offer leverage trading?
Bithumb currently does not offer leverage or margin trading services.
Is Bithumb 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. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does 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 support service provided by the stock exchange by asking a question to the support section on its website.
