Bithumb is a South Korea-based cryptocurrency exchange. It uses innovative technological solutions aimed at making digital commerce easy and accessible.
What is Bithumb Exchange, What Does It Do?
The adventure of crypto money, which started with Bitcoin (BTC), continued with the emergence of various crypto currencies. It has emerged on different platforms for various currencies to meet with investors. The platforms listed many cryptocurrencies and allowed investors to trade. Investors from all over the world are trading cryptocurrencies on these platforms. One of the crypto exchanges in question is Bithumb. Founded in 2014, the stock exchange is headquartered in South Korea. Bithumb uses innovative solutions to make trading easy and accessible for investors.
Bithumb, which is among the exchanges that make a name for itself in terms of trade volume, is home to more than 150 cryptocurrencies. It also has over 200 trading pairs. Bithumb has leveraged years of blockchain exchange to build facilities for reliable cryptocurrency trading. It has one of the highest trading volumes among all cryptocurrencies in South Korea. This is because of 24/7 security monitoring solutions. In this way, many investors prefer Bithumb. It also offers its users the opportunity to trade with multiple altcoins.
How Bithumb Works
Bithumb is a third-party online cryptocurrency platform. Investors can buy, sell or trade multiple cryptocurrencies.
Cryptocurrency deposits as well as fiat currency deposits are accepted to fund trade orders. Only South Korean Won is supported for cryptocurrencies. Users must register, complete registration, and go through a verification process. Corporate accounts are available for companies.
Bithumb is known for having one of the lowest transaction fees by international standards. There is also access to large liquidity pools.
Advantages
- It is a user-friendly platform.
- Low transaction fees ranging from 0.04% to 0.25% are available.
- It is home to a wide variety of cryptocurrencies.
- Customer service support is available 24×7 in multiple languages.
- Various types of orders are available.
Disadvantages
- Major fiat currencies are not supported. Fiat deposits are only available to Korean investors.
- The English version has some translation issues.
- It mainly targets South Korean users.
How to Register on Bithumb?
- Go to the official website and click “Register”
- Email address, password, mobile number etc. Enter the required information.
- Accept the terms and conditions Captcha and then click the “Register” button.
- After registration, click on the link that will direct you to the Bithumb account, which is sent to the e-mail to confirm the account.
- Enter the registered email address and password, and then click “Login”.
- In the Bithumb account, go to the “OTP Authentication” tab on the left side of the home page. Follow the given instructions and click “Next” to complete the authentication. The registration process is completed.
