According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- Subject to the currency
- Web platform
- Mobile Apps
- Staking and automated trading are available
Our Evaluation of Bithumb
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bithumb is a high-risk cryptocurrency exchange with the TU Overall Score of 2.31 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bithumb clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Bithumb provides a comprehensive range of digital assets and trading instruments, appealing to both novice and experienced traders. The exchange offers competitive fee structures and a user-friendly experience for those trading the Korean won (KRW). International traders, however, may encounter language barriers and the platform's limited support for fiat currencies.
Brief Look at Bithumb
Bithumb is a prominent South Korean cryptocurrency exchange established in 2014. It is one of the largest and most influential platforms in the digital asset market. Supporting over 320 cryptocurrencies, it offers a wide range of trading options, including spot trading, staking, and advanced tools like automated and bot trading. Bithumb caters to both individual and institutional investors, prioritizing user security and convenience with features such as cold storage, fund insurance, and an intuitive interface. Moreover, the exchange is expanding its international presence through Bithumb Global.
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Bithumb Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform and mobile apps |
|---|---|
| 📊 Accounts: | Live account |
| 💰 Account currency: | Cryptocurrencies and KRW |
| 💵 Deposit / Withdrawal: | Cryptocurrencies, bank transfers, and bank cards (for South Korea residents) |
| 🚀 Minimum deposit: | Subject to the currency |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | KRW 5 or equivalent |
| 💱 Commission: | Spot: 0,04%-0,04% |
| 🔧 Instruments: | 380 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Limit, market, and stop limit |
| ⭐ Trading features: | Staking and automated trading are available |
| 🎁 Contests and bonuses: | Yes |
Bithumb applies a fixed trading fee for all users, regardless of total trading volume. Various order types are available, including limit, market, and stop orders. Bithumb does not offer margin trading services with leverage. Futures trading is not supported.
Bithumb Key Parameters Evaluation
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Regulation and safety
Bithumb has earned a rating of 9/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Tier-1 regulation
- Cold wallet storage
- Government-regulated
- 2FA
- Not U.S regulated
- No investor protection fund
- No facial recognition
Bithumb Security Factors
We also compared Bithumb against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bithumb | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | No |
Is Bithumb a regulated crypto exchange?
Bithumb is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Bithumb is authorized or licensed in accordance with local regulations in the following regions: South Korea.
Is verification (KYC) mandatory at Bithumb?
Yes, KYC verification is mandatory at Bithumb. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Bithumb available?
Bithumb complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Bithumb support.
Is Bithumb available in the USA?
Yes, Bithumb is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Bithumb commissions and fees
Bithumb received a 7.75/10 score for its trading fees. While Bithumb is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Bithumb trading fees?
We analyzed Bithumb’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bithumb trading fees vs competitors
| Bithumb | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,04 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,04 | 0,22 | 0 | 0.194 |
What are Bithumb deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0008 BTC 0,00000125 ETH (Arbitrium One) |
Does Bithumb offer P2P trading?
No, Bithumb does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Bithumb received a 5.5/10 rating for its deposit and withdrawal services. While Bithumb covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- No deposit fees
- Bank cards accepted for instant deposits
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No PayPal option
- No Google Pay option
- Withdrawal fee applies
Deposit and withdrawal options
Bithumb supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Bithumb Deposit and withdrawal options vs competitors
| Bithumb | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Bithumb minimum deposit?
The minimum deposit at Bithumb is 1 USD/USDT or 0,005 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bithumb minimum deposit vs competitors
| Bithumb | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,005 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Bithumb support fiat money?
Bithumb does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Bithumb received a score of 4.5/10 in this category, indicating a modest offering of assets and markets. While Bithumb covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Staking available
- Crypto futures not available
- Copy trading not available
Bithumb supported coins and markets vs competitors
We compared Bithumb with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Bithumb | OKX | Kraken | |
| Supported coins | 380 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Bithumb passive income options vs competitors
We also compared Bithumb with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Bithumb received a score of 5.95/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Advanced tools and automation with API
- Mobile indicators allowed
- Advanced charting with TradingView support
- Automated trading with bots
- No access to Copy Trading
- Advanced orders not available
- No Face ID
Trading apps
Bithumb provides web and mobile apps for both Android and iOS users, with an average rating of 2 on the App Store and 2,9 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Bithumb platform is for mobile use.
| Bithumb | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | Yes | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Bithumb offer a desktop app?
No, Bithumb does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Bithumb offer advanced charting with TradingView integration?
Yes, Bithumb offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Official site | https://www.bithumb.com/react/ |
|---|
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