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ithumb Cryptocurrency Exchange Review

7.7

CURRENCY VERITY

8.0/10

REPUTATION

7.5/10

CUSTOMER FEEDBACK

8.0/10

CUSTOMER SUPPORT

8.0/10

DESIGN

7.0/10

Pros

  • High Reputation
  • Social Support

Cons

  • Not for Complete Beginners
  • Few Currency

Since its launch, Bithumb Cryptocurrency has developed from a Korea-focused cryptocurrency exchange to one that serves the global market. Bithumb aims to become a comprehensive digital financial corporation based on the blockchain. Bithumb Korea is a comprehensive financial platform that leads digital financial innovation based on virtual assets, blockchain, and fintech.

Bithumb Korea supports young people’s dreams and hopes and supports them
to challenge their creative fields and advance into the world. Virtuous cycle CSR campaign that makes small changes by shining warm light into the daily lives of both customers and members.

What Is Bithumb

Bithumb Cryptocurrency Korea Co., Ltd. 15th and 16th floor, 124, Teheran-ro, Gangnam-gu, Seoul (Yeoksam-dong, Samwon Tower) Representative Director: Jaewon Choi Business registration number: 220-88-71844.

Bithumb is a third party exchange that allows you to buy, sell and trade a range of cryptocurrencies. They were created in 2013 by a company called BTC Korea.com Co. Ltd and their headquarters are based in South Korea. As such, this makes them one of the most established exchanges in the industry!

Since they were launched, Bithumb Cryptocurrency have become one of the largest exchanges in the world for daily trading volume. This is the amount of money that people trade in a 24-hour period. In fact, at the time of writing in June 2018, Bithumb average more than $100 million in trading every single day, however, it has reached as much as $2 billion!

ExchangeDetails
Exchange NameBithumb
Exchange TypeCryptocurrency
 Coins Support78
 Trading Pairs78
 Websitehttps://www.bithumb.com/
 Twitterhttps://www.facebook.com/bithumb
 Telegramhttps://t.me/BithumbExchange
 Alexa Rank6453
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Bithumb Hosting Details

  • Datacenter: Cloudflare, Inc.
  • Server IP: 104.18.126.47
  • Location: United States of America
  • City: Newark
  • Domain Who Is: Click Here
  • Nameservers: alan.ns.cloudflare.com, meera.ns.cloudflare.com

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

Bithumb Exchange

Bithumb is operated by a company called BTC Korea.com Co. Ltd. It was founded in 2013. Company is headquartered in Seoul, South Korea.

Bithumb Trading fees

Market Maker0.15%
Market Taker0.15%

Bithumb Fees

Crypto exchanges generally have different trading fees for market makers and market takers. The former adds liquidity to the market book by placing an order with a price that is different from the current market price, whereas the latter removes liquidity from the order book by placing any order that is executed against an order of the order book.

Most exchanges usually only have deposit fees for fiat currencies, but there are a few of them that also charges you when making crypto deposits (generally when they are deemed small). Withdrawal fees apply in almost every exchange, and they usually represent a fixed amount of the currency to be withdrawn.

Fintech Idea & Business Competition

On the fourth anniversary of Bithumb, Bithumb Cryptocurrency held a competition to open up opportunities for young talents who dream of fintech startups to demonstrate their potential. With a total of 200 teams, 9 teams in the Idea category and 2 teams in the Startup category were selected as winners. Bithumb Korea will continue to discover young entrepreneurs with innovative ideas, sponsor startups and contribute to job creation.

Sponsored by CryptoFactor, a university association virtual asset research club

Through the sponsorship of the National Association of Universities, they support college students’ virtual asset research activities, provide opportunities to build information and experience, and strive to foster talent to foster the blockchain industry.

Sponsored the College Leadership Academy

As the official sponsor of’The 10th College Student Leadership Academy’ hosted by the Youth and Future, a judicial corporation under the jurisdiction of the Ministry of National Affairs, we established a venue for communication between college students and celebrities. The academy was held for 500 college students nationwide under the theme of “Discussing Korea in 2018,” and Bithumb received a plaque of appreciation for its efforts to find and support alternatives to youth policy.

Why choose Bithumb

Selected virtual assets

Bithumb Excchnage selects and lists virtual assets that have been recognized for their investment value such as technology, stability, and marketability in the global market. Accordingly, we protect investors from damages caused by market manipulation or abolition of listings that are more likely to occur when trading unverified minor coins.

Rich liquidity

Bithumb Review is used by the largest number of members in Korea, and it supports major coins with a large market cap and high market interest, resulting in continuous transactions. Accordingly, Bithumb can support investors’ quick and smooth trading based on its rich liquidity.

Transparent operation

Bithumb Cryptocurrency takes’protecting customer assets’ as its top management philosophy, and keeps all customer investment assets (won, virtual assets) safely. Strictly separating customer investment assets from company operating assets, and regularly monitoring the status of asset management audited by independent external accounting firms.

100% reserve

Bithumb has a capital of more than 20 billion won, which significantly exceeds the 2 billion won qualification requirement of the virtual asset exchange. The customer’s won assets are kept in external bank accounts and virtual assets are kept in hot wallets and cold wallets, and the reserve ratio of 100% is maintained at all times.

Special Features Of Bithumb Cryptocurrency

Selected virtual assets

Bithumb selects and lists virtual assets that have been recognized for their value of technology, stability, and marketability in the global market.

Comprehensive financial platform

You can use online/offline virtual asset payment system through Bithumb Cash.

24/7 customer support

They respond to customers 24 hours a day, 365 days a year via phone consultation with offline customer center and chatbot .

Industry-leading security system

Bithumb Review secure your assets with ISMS certification, compliance with 5·5·7 regulations, wallet separation and various security solutions.

Transparent operation

Bithumb Exchnge makes customer asset protection’ top management philosophy and safeguards customer investment assets.


editor