Bithumb Crypto Exchange Review: Key Features & User Ratings

Item: Bithumb
Rating: 4.2
Author: John Isige

Bithumb, launched in 2015, stands as the flagship of South Korea’s digital asset industry and regularly ranks among Asia’s top exchanges by trading volume. With over a decade of experience, Bithumb attracts institutional and retail traders seeking a secure and cost-efficient platform for major cryptocurrencies.

Key Strengths of Bithumb

Security-first architecture: Robust two-factor authentication, activity monitoring, encrypted data storage, and IP address controls underpin user safety. Bithumb has a clean track record and is considered one of the most secure crypto exchanges in the region.
Wide coin support: All leading cryptocurrencies are available — including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Monero (XMR), ZCash (ZEC), EOS and more. The focus remains on high-liquidity pairs.
Competitive fee model: Trading fees start at just 0.15%, and can be slashed to 0% using special fee coupons — a rare offer in the industry.
Exceptional support service: Unique for Asia, Bithumb operates an offline customer support center in Seoul alongside online channels, delivering rapid solutions to client queries.

Drawbacks and Limitations

Geographic concentration: Bithumb primarily serves the Korean market, with South Korean won (KRW) as the only fiat onramp. USD, EUR and other fiat currencies are not available.
Limited altcoin range: While all major coins are supported, the listing of smaller or emerging tokens is limited compared to global competitors.
Challenging onboarding for foreigners: International users may encounter issues during registration and identity verification, which require mobile number and PIN confirmation.
No fiat withdrawal except KRW: The platform does not support withdrawals in currencies other than KRW, restricting flexibility for global traders.

Registration and Account Setup

To register on Bithumb, users must provide an email, password, full legal name, and a verified phone number. PIN code setup is mandatory for transaction approval. Corporate accounts require company information and director credentials. International clients should be aware of stricter verification and compliance checks.

Supported Assets

Bithumb’s primary fiat currency is KRW. Supported cryptocurrencies include:

Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Litecoin (LTC)
Monero (XMR)
ZCash (ZEC)
EOS and additional high-volume coins

Trading & Fees

Spot trading fees are fixed at 0.15%, with frequent fee discount coupons that can reduce trading costs to zero for active users. Bithumb supports General, Easy, and Reserved Trade (BTC only) modes. Daily trading volumes consistently exceed $300M, with highest liquidity in BTC/KRW, XRP/KRW, and EOS/KRW pairs.

Deposits & Withdrawals

Deposits and withdrawals are processed via the “Remittance” section. The first withdrawal may take up to three days due to mandatory account checks. No deposit or withdrawal fees are charged by the platform itself, though users should note that only KRW is accepted for fiat operations.

Security

Account safety is maintained by strong two-factor authentication, full activity history, and strict password/IP policies. Bithumb regularly invests in cybersecurity upgrades and operates in full compliance with Korean regulations.

User Support

24/7 technical support is available both online and in a physical customer center in Seoul. Bithumb also communicates promptly with users via social media such as Twitter for key updates.

Conclusion

Bithumb is a dominant force in Asian crypto trading, renowned for its trading volume, fee efficiency, and exceptional security. While its audience is largely domestic due to fiat limitations and onboarding barriers for non-Korean residents, Bithumb remains a trusted platform for anyone trading high-liquidity crypto/KRW pairs.

Written by:John Smith

Contributor