BITHUMB SUPPORT NUMBER :- 【1-833-993-0690】

 

South Korea-based company, Bithumb is a popular name in the crypto Industry allowing users globally to trade 15 coins and tokens including major coins Bitcoin, Ripple, and Ethereum. If we check the statistics, as per the daily trading volume data, it comes in the world’s largest 10 crypto exchanges.

What is Bithumb?

Discovered in the year 2013, Bithumb is situated in Seoul, South Korea. This exchange allows users to trade popular coins and tokens against the South Korean Won (KRW). The exchange is run and monitored by BTC Korea.com Co. Ltd and is also compatible with Android mobile trading applications. Previous year in March 2018, the exchange decided to put kisosks in cafes and restaurants across South Korea allowing customers to pay for food through cryptocurrency.

Though the main target of Bithumb is South Korea only it also provides services in other countries. To be a participant of Bithumb, you have to be above 19 years and you can check the list of supported countries on the official website of Bithumb.

Payment method

The exchange only accepts fiat currency – KRW deposits from Korean residents. Users have to fund the account with cryptocurrency deposits.

Transfer Limits

The maximum limit applies to the amount which you withdraw from your account on a daily basis or monthly, but all these limits depend on the verification level of your account. You can surely update your authentication level by verifying your phone number or submitting your photo ID. For full details, you can speak to the team of customer support.

Now, check out the pros and cons of Bithumb

  1. a)     Pros
  • it offers 24/7 customer service to clients in multiple languages
  • Access to popular coins and tokens
  • User-friendly and straightforward exchange
  • High liquidity
  • You will get a range of orders types here
  • Only 0.15% commission on trades
  1. b)    Cons
  • It mainly focuses on South Korean users
  • Translation issues on the English version website of Bithumb
  • Fiat deposits option is available to Korean residents
  • Other exchanges more range of digital currencies
  • In 2017 hacking attack, it was found that hackers stole the personal information of over 31,000 Bithumb users

 

Is it safe to use Bithumb exchange for trading

Back in 2107, Bithumb made headlines globally as it came out that Bithumb became a victim of a hack. And, hackers stole personal information of over 30,000 customers and also, a few users found that their funds had been stolen. Also, in July, it was found that data of over 3,400 customers were leaked and both these incidents led South Korea’s Communications Commission to provide the exchange with 60-million won fine.

When you open Bithumb account to sign up, you have to provide an email address, phone number, and name and later on, need to verify it. Along with that, you have to create