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BTC $ 5611.29283835 (1.09 %)
XRP $ 0.498408245 (1.04 %)
ETH $ 175.932803609 (1.03 %)
BCH $ 383.550958593 (-2.26 %)
XLM $ 0.2461020331 (0.42 %)
EOS $ 4.5784235172 (0.24 %)
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USDT $ 0.9904579914 (0.29 %)
ADA $ 0.0618889297 (2.21 %)
XMR $ 89.0180454385 (2.24 %)

Bithumb

Name: Bithumb

 

Founded in: 2013

 

The largest South Korean crypto-exchange in terms of BTC and ETH turnover. The platform controls 75.7% of the Korean and 10% of the world turnover of BTC.

 

Main cryptocurrencies: BTC, ETH, ETC, DASH, LTC, BCH, XMR, ZEC

 

Referral system: none

 

Personal token: Bithumb plans to issue its own tokens under the common name Bithumb Coin (and ICO)

 

Payment systems: works with the Korean fiat currency (KRW)

 

Applications: Available for iOS and Android

 

Features

 

  • Bithumb actively introduces cryptocurrency payment in exchange for goods and services.
  • In 2017, due to the hacking of a computer of one of the Bithumb employees, several billion dollars were stolen from clients' accounts.
  • Support team is available 24/7 via email and phone. In Seoul, clients can get a personal advice.
  • The exchange supports only one fiat currency — the South Korean won (KRW).
  • There is no possibility to directly exchange one cryptocurrency for another. A trader has to first exchange a cryptocurrency for the won. After that they can exchange the Korean won for a desired coin.
  • Two types of accounts are available — personal and corporate.
  • Bithumb works with users in different countries. The interface is available in Korean and English (however, some sections of the website do not have English translation).

 

Fees

 

  • A deposit fee is not charged.
  • Transaction fee is 0-0.15% and depends on the transaction amount.
  • A withdrawal fee is 0.0005 BTC for bitcoin and 0.01 for other cryptocurrency. A withdrawal fee for fiat money is 1000 KRW.

 

Security

 

  • A user can link their account to an IP address (optionally).
  • Two-factor authentication.

 

Privacy

 

  • Verification is mandatory and consists of four steps.
  • Basic verification includes confirmation via email and phone number. However, it doesn't give users the right to trade.
  • Each verification step increases the limits for the monthly trading volume.

Name: Bithumb

Since: 2013

Main cryptocurrencies: BTC, ETH, ETC, DASH, LTC, BCH, XMR, ZEC

 
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