Bithumb Review – the largest bitcoin and ether exchange in South Korea by volume

Bithumb is one of the largest bitcoin exchanges in the world and the largest bitcoin and ether exchange in South Korea by volume. Bithumb exchange allows traders to exchange the Korean Won for Bitcoin, Ethereum (ETH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash and Ethereum Classic (ETC). Bithumb accounts for a 75.7% share of South Korean bitcoin market volume, and accounts for about 10% of the global bitcoin trade. Bithumb accounts for around 44 percent of South Korean ether trading. The exchange has experienced significant growth recently with the rapid increase in trading volume and number of customers. On the official website, you can find the information that this exchange is run by BTC Korea.com Co. Ltd, there is little information to be found about the platform. Bithumb was recently hacked and that resulted in the loss of billions of won from customers accounts, approximately three percent of customers were hacked. Bithumb will compensate its customers whose accounts were compromised during an attack on its data systems.

Some benefits for traders include:

  • Very low fees from 0.00% – 0.15%
  • Fast execution, innovative features
  • Security with two-factor authentication
  • Bithumb provides users with an option to buy bitcoin gift vouchers, minimum value can be 10,000 KOW, or about $9 USD
  • Bithumb will also purchase existing gift vouchers from customers

Click here to instantly start trading with Bithumb ❱❱

Platform

On the official website, there is little information to be found about the platform. The platform only provides exchange appears against the Korean Won and offers fast execution with good security. The fees are stated in the company’s website usage and may change according to the company and market conditions. The charting package is average with several technical indicators available.

Support

Bithumb offers a very good customer service center which features 24-hour customer support. Customers can walk up to the banking teller-like service counters and receive support from counselors one-on-one. On the official website, you can not find a live chat but you can send a message anytime via email.

Regulation

Bithumb is operated by a company called BTC Korea.com Co, headquartered in Seoul, South Korea. There’s surprising little information about Bithumb’s regulation and team available online. On the official website, you can not find any information about Bithumb’s regulation. The only available information is company registration NO.220-88-71844. At present, virtual currencies are not regulated by South Korea’s financial authorities and efforts to address the matter have made little progress.

Supported Digital Currencies

Bithumb exchange allows traders to exchange the Korean Won for Bitcoin, Ethereum (ETH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash and Ethereum Classic (ETC).

Deposit and Withdraw

Users can deposit and withdraw Korean Won, bitcoins and other digital currencies. Bithumb accepts deposit via credit card, debit card and bank transfer. The details about coins deposit and withdrawal transactions are accessible at Bithumb’s website.

Overview

  • The largest bitcoin and ether exchange in South Korea by volume
  • Bithumb accounts for a 75.7% share of South Korean bitcoin market volume, and accounts for about 10% of the global bitcoin trade. Bithumb accounts for around 44 percent of South Korean ether trading
  • Bithumb exchange allows traders to exchange the Korean Won for Bitcoin, Ethereum (ETH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash and Ethereum Classic (ETC)
  • Little information about the platform
  • Fast execution, innovative features
  • Security with two-factor authentication
  • The exchange promises to offer the lowest commission rates in the world
  • There is no information about Bithumb’s regulation. The only available information is company registration NO.220-88-71844
  • At present, virtual currencies are not regulated by South Korea’s financial authorities and efforts to address the matter have made little progress.
  • No information about the minimum deposit
  • Bithumb was recently hacked

Summary

Bithumb is one of the largest bitcoin exchanges in the world and the largest bitcoin and ether exchange in South Korea by volume. Bithumb exchange allows traders to exchange the Korean Won for Bitcoin, Ethereum (ETH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash and Ethereum Classic (ETC). Bithumb was recently hacked and that resulted in the loss of billions of won from customers accounts, approximately three percent of customers were hacked. The personal information of 31,800 Bithumb users, including their names, mobile phone numbers, and email addresses were infected by the June 2017 hack. Bithumb is available to residents of Korea but in my opinion, there are lots of better exchanges available on the market. You can not find information about the minimum deposit, regulation, leverage, deposit and withdrawal are not good explained. On the official website, there is little information to be found about the platform, there’s little information about Bithumb’s team and BTC Korea.com Co. Ltd.

Click here to instantly start trading with Bithumb ❱❱

Bithumb has strong security with two-factor authentication. Bithumb uses absolutely transparent and fair practices to protect all data and secure methods for funds depositing/withdrawing
Bithumb headquarters - Dangwoo Building , Seoul, South Korea
No minimum deposit level
All clients, regardless of their country of residence, may trade on Bithumb
Bithumb is operated by a company called BTC Korea.com Co, headquartered in Seoul, South Korea. There’s surprising little information about Bithumb’s regulation and team available online. On the official website, you can not find any information about Bithumb’s regulation. The only available information is company registration NO.220-88-71844. At present, virtual currencies are not regulated by South Korea's financial authorities and efforts to address the matter have made little progress

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