Bithumb Review

Bithumb Logo

Bithumb is a global financial platform that is leading digital financial innovation based on virtual assets, blockchain, and fintech. It gives clients access to trade over 106 cryptos, including Bitcoin, Ethereum, Ripple, EOS, Bitcoin Cash, Ethereum Classic, Litecoin, Chainlink, TRON, Qtum, and more, via an intuitive trading platform, whilst a customer service team is on hand 24/7 to assist clients.

Bithumb Review - Broker Overview
Bithumb Review – Broker Overview

Bithumb was founded in 2014 in South Korea and is rated the best cryptocurrency exchange in Korea, with over 4.63 million registered members as of September 2019.

Over KRW 6.5 trillion is traded daily, which offers Bithumb clients abundant liquidity to buy and sell virtual assets at competitive prices. The exchange provides clients with powerful security solutions including AhnLab, V3 Mobile Plus, and Droid-X.

Bithumb Review - Features
Bithumb Review – Features

Bithumb Review Introduction

In this Bithumb review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare brokers including Bithumb.

Bithumb Platforms & Tools

The broker provides clients with the Bithumb Mobile App, which is compatible with Android and iOS devices and can be downloaded from the relevant app stores. The app supports the exchange of multiple cryptocurrencies. It is handy and easy to use, so it’s beneficial for clients who wish to manage their accounts and place trades anytime and from anywhere in the world.

Bithumb Review - Mobile App
Bithumb Review – Mobile App

Bithumb provides clients with a range of auto-trading tools including Arbibot, Heybit, Korbot, BitUniverse, and CopyBot.

Bithumb Research & Education

Bithumb provides clients with a good range of video tutorials that covers various topics, including account funding, asset exchange, and more. There is also the Insights & Newsletter, which helps to keep traders informed about the various factors that are moving the markets. The trading user guides and ‘inquiry’, contain useful information about transacting with the exchange, while the Frequently Asked Question (FAQ) section gives instant answers to some of the common questions traders ask.

Bithumb Trading Accounts

There is only one account for storing and trading cryptocurrencies. Bithumb charges a fee of 0.25% on each trade. They allow clients to select their desired settlement fiat currency.

Bithumb Review - Cryptocurrencies
Bithumb Review – Cryptocurrencies

Bithumb Account Funding

Bithumb gives traders access to use a virtual asset payment system through Bithumb Cash. Traders can conveniently make payments using Bithumb Cash from PC and mobile devices on a variety of online stores. Bithumb Cash is the amount of the total assets held by Bithumb members converted into KRW and can be used for the Bithumb Cash transfer and payment service. To deposit or withdraw virtual assets, you must first be issued the Exchange’s unique deposit address. For withdrawals, you must use the address you made the initial deposit from.

Bithumb Customer Service

Bithumb provides clients with a multi-lingual and ‘customer-focussed’ support team that is on hand 24/7 to help clients with any questions they may have. They can be reached via, telephone, email, and online live chat. They are also available on social media.

Bithumb Regulation

Bithumb is not currently regulated by any financial agency, but cryptocurrency regulation is still at its infancy at the moment.

Bithumb Review Summary

Bithumb is South Korean Cryptocurrency exchange that offers traders access to trade multiple cryptos. The Exchange provides clients with powerful security solutions, including Ahnlab safe transaction, V3 Mobile Plus, and Droid-X. They offer the Bithumb Mobile Trading App, which is compatible with Android/iOS devices and can be downloaded from the respective app stores. There is a multi-lingual and ‘customer-focussed’ support team that is available 24/7.

It is worth mentioning that some of the trading products and services in this Bithumb review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Bithumb website which you can visit by using the link below.

Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.

Bithumb

5.6

Spreads

7.0/10

Liquidity

7.0/10

Commissions

7.0/10

Support

7.0/10

Regulation

0.0/10

Features

  • A good selection of educational materials
  • Access to trade multiple crypto assets
  • An easy-to-use mobile trading app
  • Multiple auto trading tools