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Bithumb

https://www.bithumb.com

About Bithumb

What is Bithumb?

Bithumb is one of the largest cryptocurrency exchanges in South Korea, with $205 million in daily trading volume at the time of writing and over 170 cryptocurrencies on the shelf. The platform supports crypto-bot trading; offers institutional investors a wide range of investment opportunities and accounts, ensuring access to a major liquidity pool; provides customers with the option to earn passive income through a deposit plan, and offers 24/7 customer support services and an easy-to-use user interface. The exchange is unregulated, but is working towards compliance with international financial regulators such as the FIU and FSC. Users are not allowed to trade without registration. They must complete an OTP (dynamic password) authentication process. The network employs a progressive identity protection system (ISMS service), uses an advanced AML authentication process, and introduces a 24/7 transaction monitoring system.

Who are the founders of Bithumb?

The founder and former CEO of Bithumb is Dae-sik Kim, a South Korean entrepreneur who left and joined Bezant as Chief Cryptocurrency Officer in 2018. Another central figure is Javier Sim, co-founder and managing director of Bithumb Global Holdings, who studied at City University of Hong Kong and Cardiff University. Prior to joining Bithumb, Sim worked as an investment banker at HSBC and Bank of China International (BOCI). Bithumb's current CEO is Back Young Heo.

When was Bithumb founded?

The Asian project was created in 2013 by BTC Korea.com Co. The company behind it, BTC Korea.com Co. Ltd, was founded in 2014 and is based in Seoul, South Korea. In 2014, the exchange was launched under the name of Xcoin. Its Android and iOS mobile versions were officially released in 2016.

Countries with restricted access to Bithumb

Currently, the exchange is primarily serving the Korean population. Overall, Bithumb can be used all over the world. However, there are some countries that do not follow the recommendations of the Financial Action Task Force (FATA) that do not have access to Bithumb's services. These include: Yemen, Syria, Myanmar, Barbados, Iceland, Iran, North Korea, and others.

What coins does Bithumb support?

The exchange shelves over 180 digital assets and supports over 280 trading pairs. Users can buy/sell/exchange multiple cryptocurrencies including BTC, ETH, XRP, ETC, ADA, DOT, MATIC, BCH, LTC, and more.

What are Bithumb's fees?

The platform's transaction fees range from 0.04% to 0.25%. And the basic trading commission (pending order fee or order taking fee) is 0.15% of the total buy and sell amount. In addition, the exchange offers lower rates for users, as well as vouchers that can be used in the user's account. There are no fees for depositing funds.

Can I use leverage or margin trading on Bithumb?

Bithumb does not offer leverage or margin trading.