Review on Bithumb by Alexander Grizma

-Hello and welcome to the Bithumb review!

Have you wondered if you should buy and sell cryptocurrency on Bithumb, but need more information on whether to trust this exchange? Are you a little afraid before you start trading on this exchange and you need to make sure its reliability by reading Bithumb reviews? Before registering, it is always important to consider what payment methods the cryptocurrency exchange supports, as it may not have the option you are looking for.

The good news is that the Bithumb exchange has the capacity to process deposits and withdrawals of fiat currencies. However, the bad news is that this is only available to South Koreans using and KRW (Korean won)! If you are new to the market and don't have cryptocurrency yet, it is best to open an account with Binance. TheBinance allows you to sign up for an account right away and make a deposit using a debit / credit card or bank account. Once you have purchased one of the cryptocurrencies on Binance, all you have to do is transfer your coins to Bithumb. The deposit fees depend on the type of coin you want to fund your account with. For some reason, cryptocurrencies like Ethereum, Ripple, and EOS are free, while others like Bitcoin, Dash, and Litecoin have very low fees. For example, a Bitcoin deposit will cost 0.001 BTC.

There are also minimum deposit limits to consider, however during the writing of this Bithumb review I found they are very low. So, now you know how you can deposit and withdraw funds from Bithumb, many Bithumb reviews experienced difficulties in this, since they did not have such instructions. We will now take a look at the types of coins you can buy. Interestingly, like most other South Korean exchanges, the prices of popular coins like Bitcoin are actually higher than other countries' exchanges. People think this is because South Korean exchanges are much more professional in their trading than others, which includes fast withdrawals and the highest security.

In addition, since cryptocurrency trading is now illegal in China, many Chinese traders use exchanges in South Korea to get around the rules.

Although the Bithumb exchange is good one of the largest exchanges in the world, the number of coins available is much smaller compared to others. For example, exchanges such as Binance and Cryptopia host hundreds of different cryptocurrencies, with the list being added all the time.