Review on Bithumb by phuong cong
Bithumb is a famous exchange in Korea
Bithumb - a reputable exchange established in Korea, I can say that it is one of the exchanges with the largest trading volume in the world as well as Korea. It is estimated that billions of dollars are traded on this platform daily.
Bithumb supports a lot of coins like BTC, ETH and many other altcoins. Its main trading pair is with the KRW.
The parent company that runs the exchange is BTCkorea, which was also a victim of hackers when hackers stole many customers' information and stole large amounts of cryptocurrency. Bithumb then compensated the people for damage, but its reputation was severely damaged.
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Pros
- Large trading volume and high liquidity
- Bithumb lists many coins including many alts
- It charges a low transaction fee, only at 0.1% per transaction
- Good security with lots of verification steps
- Support margin trading and futures contracts trading
Cons
- It has suffered from disadvantages of news hacked in the past
- Supporting only a small number of languages, the customer service team primarily supports Korean users
- The cumbersome KYC process
