Evolving Crypto space is leading to the creation of diverse crypto exchange platforms, Bithumb exchange is one among them. Being one of the biggest trading volume exchanges, their trading volume was $1.33 billion at the time of writing this article.
So, if you have any plans of using Bithumb cryptocurrency exchange, this article is a must read for you where we will provide you a complete guide of fees, features, updates, pros and cons and much more.
Bithumb is a South-Korean based cryptocurrency exchange platform. It was founded by a company named BTC Korea.com Co Ltd in the year 2013. Although a large proportion of its users are from South Korea (over 5 million subscribers), the website also supports languages such as English, Spanish, Japanese and even Hindi.
Bithumb’s 24 hour trading volume is over $1 billion at the time of writing this article. It also offers accounts for institutional investors, which is also one of the reasons for its high trading volume.
This exchange platform is designed in such a way that it gives an easy to navigate and smooth interface to users, and it is perfect for beginners.
Bithumb offers competitive trading fees that vary between 0.04-0.25% for the KRW and BTC market. The 0.25% trading rate is ideal, but you can get commission up to 84% if you buy commission coupons.
Bithumb charges absolutely nil deposit for some tokens such as Ethereum (ETH), Ripple (XRP) etc. However, if you want to make small deposits in certain cryptos, you will be charged a small fee, some of such tokens are:
Bitcoin (BTC) -0.001.
Litecoin (LTC)- 0.01.
Bithumb offers nil fees for internal withdrawals, and when it comes to standard withdrawal rates, charge depends upon the type of crypto you are looking to withdraw. For example, Ethereum costs 0.01, Bitcoin costs 0.001.
Bithumb affiliate program offers referral commissions up to 40%. Invitees could enter the referral code below the referral section even if they had not registered via referral link. This referral opportunity is open to all.
Bithumb offers 20% of the discount to new users who register via referral link. The commissions or rewards would be sent to the user's account in the form of an actual token. Invitees who accept the invitation will get a 20% commission of the trading fees. It’s a Win-Win situation for both.
