Review on Bithumb by Syed Adnan
Korea's most famous crypto exchange.
I think Bithumb still holds its position in the place of fidelity, despite the fact that they encountered some security breach, the platform was made with rearranged features, for example, an easy to use interface intended to carry confusions related with digital currency exchanging to a base and ideal for the two tenderfoots and expert traders.
What's more, the low expenses and a wide scope of digital forms of money that are upheld surely settle on the exchange an ideal decision. By the by, in the event that you are a non homegrown account holder, you need to think about the transformation and move charges too and this may refute any advantages that you get regarding low expenses.
Overall, the way that the exchange was hacked prior to tossing some uncertainty regarding the security of the exchange. As I generally state, no matter how good the exchange is, you should never hold a large amount of crypto in an account where you have no access to the private key.
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Pros
- The functionalities of the platform are plain as day consequently making it ideal for beginner traders.
- The trading volume acquired by it is the highest by any cryptocurrency exchange in Korea.
- There is also good liquidity for individuals who need to exchange truly huge sums.
- The most convenient thing is their 24 hour live chat support.
Cons
- The main concern is its security which seems very weak because Bithumb has been hacked a few times in the past.
- It lacks some advanced features.
