Bithumb is a cryptocurrency exchange based in Seoul, Korea, that was founded in 2013. BTC Korea.Com Co. Ltd. is the company in charge of the exchange. Bithumb, which mostly serves Korean customers, allows bitcoin trading paired with the South Korean Won (KRW). While Bitcoin is the most popular cryptocurrency, Bithumb also accepts a variety of other cryptocurrencies. Bithumb’s trading volume is among the highest for any cryptocurrency exchange in Korea. In terms of Bitcoin trading volume, it is also one of the top exchanges in the world. Aside from Korean, the Bithumb website is also available in English, Chinese, Japanese, Hind, and Spanish.
Bithumb is a web-based trading platform that is exceedingly easy to use. The platform’s features are easy to understand, which makes it great for people who are just starting trading. The lack of advanced functionality on the site also ensures that users will not be confused.
Easy trade, broad trade, and reserved trade are the three types of trading possibilities. These choices give traders some flexibility in how they buy and sell bitcoins on Bithumb. Bithumb now sells bitcoin gift cards in addition to cryptocurrency. These coupons can be exchanged for bitcoins of the same value.
Deposit and withdrawal options
Bithumb only accepts KRW points and cryptocurrencies for deposits and withdrawals. The KB escrow service can be used to purchase KRW points, which are then converted to USD at a 1:1 ratio. When you deposit KRW into the KB escrow account, it will take 30 to 45 minutes for the transaction to appear in your Bithumb wallet.
Bithumb Features
Some of the features include:
Auto trading capabilities
Bithumb comes with a comprehensive set of auto trading features. It allows you to specify the circumstances under which you should buy various currencies, ensuring that you buy coins at a low price and profit more when you sell them at a greater price later.
Stake of service
The system uses both proofs of stake (PoS) and delegated proof of stake (dPos) methods to ensure that your assets are genuine. It includes full transaction histories for your purchased coins, allowing you to earn interest on your investments by demonstrating that they are authentic.
Interest
When you join up for the virtual asset management platform, the seller gives you a daily rate of return equal to the yearly interest rate divided by 365, which means you can start earning money right away just by signing up.
BithumbCash
BithumbCash, the exchange’s native currency, is available. The coin can be used to pay for services, and you can convert your BithumbCash assets to South Korean Won (KRW) for the most convenient asset withdrawal.
Bithumb Pricing
You can get the product for free from the website and start using it right away. The merchant then charges a fee for each transaction, ensuring that you are only charged for what you use. Beginner, Retail Trader, Day Trader, and High-Frequency Trader are the four price plans available, each with a different service fee percentage. On the website, you may find more extensive pricing information. You can also contact the vendor if you have any further queries regarding the product. In conclusion, Bithumb allows you to safely trade in a range of digital coins. Is this software solution a good fit for your specific business needs?
Is Bithumb Worth It
This product provides a secure environment in which you can purchase and sell a variety of cryptocurrency coins, including the vendor’s native currency BithumbsCash. With auto trading features, you can earn interest on your assets and improve purchasing efficiency. Bithumb could be the appropriate fit for you if you’re the manager of a Korean company seeking a realistic bitcoin exchange software package with strict ID verification.
Conclusion
The Bithumb exchange’s features make it an extremely user-friendly platform, especially for new cryptocurrency traders. Furthermore, the low costs and broad range of cryptocurrencies supported by Bithumb make the exchange an excellent alternative. However, if you have a non-domestic account, you must also consider conversion and transfer fees, which may negate any fee savings you may have. Furthermore, the fact that the exchange had previously been hacked casts some doubt on its security.
