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169 Karma

Review on Bithumb by Mr Benji

Revainrating 3 out of 5

Korean Exchange

- When registering on the stock exchange, the Korean telephone number should be verified. This option makes the exchange available only to Korean users. In order to be able to withdraw funds, you must verify your personal data. The withdrawal limit depends on the level of verification.
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- he stock market has 4 levels of user verification:
Level 1 - after passing the registration process, our account will be at level 1. At this level, we can deposit funds for the exchange, but we do not have the option of paying
Level 2 - to obtain level 2 verification, send to the support a scan or photo of personal data from the passport (in the case of companies we send a scan of the representative's passport and a scan of the permit for running a business). At Level 2, we can take full advantage of Bithumb services and deposit and withdrawals are available.
Level 3 - at level 3 we have higher withdrawal limits. We obtain it after individual notification, which we can send via the form on the page "My Page> Verification"
Level 4 - allows us to withdraw unlimited. To get level 4, you should send a scan of the document confirming your place of residence, ie a bill for gas, electricity, internet, etc.
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Pros
  • Bithumb as one of the few stock exchanges has support available for 24h / 7. We can contact you by phone or email.
Cons
  • In 2017, the Bithumb exchange fell victim to the attack. From user accounts, hackers led "millions of won", and data leaked on more than 30,000 stock users, including names, e-mails and telephone numbers. The Warsaw Stock Exchange compensated losses to its users in the amount of USD 2 million.

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