What Is Bithumb?
Bithumb is one of South Korea's largest crypto exchanges, with $205 million in daily trading volume at the time of writing and with 170+ listed cryptocurrencies.
The platform supports crypto bot trading, provides extensive investment opportunities and accounts for institutional investors, ensures access to major liquidity pools, offers clients the option to earn passive income through deposit programs, and presents 24/7 customer support and a user-friendly interface.
The exchange is not regulated, but is on its way to complying with the requirements of international financial regulators such as FIU and FSC. Users cannot trade without a registered account. They must complete an OTP verification process. The network applies a progressive identity protection system, (ISMS service), uses advanced AML verification, and also introduces a 24x7 trade monitoring system for the exchange.
Since its launch, Bithumb 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.
- General Inquiry: info@bithumbcorp.com
- Listing Inquiry: listing@bithumbcorp.com
- Partnerships: partnership@bithumbcorp.com
- Medium: https://medium.com/bithumb-official-blog
Who Are the Bithumb Founders?
Dae-sik Kim is the South Korean entrepreneur, founder and former CEO of Bithumb. In 2018, he left his post and joined Bezant as Chief Cryptocurrency Officer.
Another key figure is Javier Sim, co-founder and managing director at Bithumb Global Holdings. He attended the City University of Hong Kong and Cardiff University. Before Bithumb, Sim worked as an investment banker at HSBC and BOCI (Bank of China International).
Bithumb's current CEO is Back Young Heo.
When Did Bithumb Launch?
The Asian project was created by BTC Korea.com Co. Ltd in 2013, established in 2014, and headquartered in South Korea, Seoul.
In 2014, the exchange was launched as Xcoin. Later in 2015 it was renamed to Bithumb. Its mobile version for Android and iOS was released in 2016.
Bithumb Restricted Countries
Primarily, the exchange serves the people of South Korea. Bithumb is available all over the world. The list mentions 21 nations that failed to comply with the Financial Action Task Force (FATF) recommendations, including Yemen, Syria, Myanmar, Barbados, Iceland, Iran, North Korea and others.
What Coins Are Supported on Bithumb?
The exchange lists 180+ digital assets and supports 280+ trading pairs. Users can buy/sell/exchange multiple cryptocurrencies, including BTC, ETH, XRP, ETC, ADA, DOT, MATIC, BCH, LTC and more.
How Much Are Bithumb Fees?
Transaction fees range between 0.04% to 0.25%. The basic commission for trading (the maker fee or the taker fee) is 0.15% of the total purchase/sale amount. The exchange also offers its users lower rates and vouchers that can be accessed through user accounts. There are no deposit fees.
Is It Possible To Use Leverage or Margin Trading on Bithumb?
Bithumb does not provide leverage or margin trading.