Bithumb Exchange Review & Traders Feedbacks

Margo

Margo

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Jun 15, 2018
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#1
Bithumb is the most popular exchange in South Korea and one of the largest exchanges in terms of trading volumes in the world. According to Korea Herald, it accounts for 75.7% of the volume of bitcoins in South Korea and at least 50% of the volume of Ethereum trades. That is to be expected, as only pairs of "Crypto-currency- KRW" are available on the platform.

Bithumb is a South Korean-oriented exchange, and offers only KRWs among fiat currencies. The list of available cryptocurrency is represented by 12 currencies, including such known as Bitcoin, Rippl, EOS, Ethreum, DASH, ZCash, etc.

When buying and selling users are charged a commission of 0.15% of the total amount of the transaction. The exchange also offers discounts on special coupons.

Advantages:
  • security;
  • support of popular cryptocurrencies;
  • low commissions;
  • competent support service;
  • availability of the offline center;
  • good volumes of trading and influence on the market

Disadvantages:
  • orientation to South Korea;
  • absence of fiat currencies (except won);
  • absence of less known cryptocurrencies;
  • difficulties arising during the verification process by the user.
The exchange has repeatedly proved its influence on the market, and the introduction of new coins always leads to a tangible increase in their value. The project could have achieved much bigger success if there were support for other fiat currencies and verification did not cause such problems for the majority.
 
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