Bithumb is a platform that allows its users to buy, sell and trade in a wide variety of cryptocurrencies. It was established in 2013 with a company named BTC Co., and it is headquartered in South Korea. Bithumb is one of the largest exchanges in the world considering its high trade volumes. The platform is designed in such a way that even the beginner can easily trade through it. Bithumb charges deposit fee according to the type of the coin that a user wants to trade in. Cryptocurrencies like Ethereum (ETC), Ripple (XRP) and EOS are free while there is a deposit fee for DASH, Bitcoin (BTC), Litecoin (LTC). Similarly, withdrawal fee also varies with the type of coins a user wants to take out. Bithumb claims to have the lowest trading fees in the industry which is 0.15% of the total amount you are buying or selling. The exchange supports all the popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETC), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash. The exchange restricts the anonymous trading, and it allows its users to set up a 2-factor authentication. To ensure full security, the exchange uses encryption technology which protects the personal details of the user from the hackers. Bithumb is a great exchange for using, and it is suitable for beginners and experienced traders as well.
Back to top button