Bithumb Guide – Read our In-Depth Bithumb Review
Bithumb Rating: 1.21 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Bithumb review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Bithumb review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will get adept at all of the concepts of broker as you continue trading. For starters, you need to select the ideal broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program will generate hefty returns. Bithumb is just one such platform that will take you and your investment into great heights. It's important to understand about Bithumb before you trust them with your cash.
Bithumb Review – Brief Summary
Bithumb Telephone Number:
Bithumb Email Address:
Number Of Clients:
10,000+ Bithumb users and traders
Bithumb Facebook Likes:
Bithumb Twitter Followers:
Bithumb Instagram Followers:
Your capital is at risk
|Bithumb Telephone Number:|
|Bithumb Email Address:|
|Number Of Clients:||10,000+ Bithumb users and traders|
|Bithumb Facebook Likes:||0|
|Bithumb Twitter Followers:||0|
|Bithumb Instagram Followers:||0|
Your capital is at risk
Our entire Bithumb Review covers all you need to know about trading with Bithumb. A good agent can multiply your initial investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you select them. It is a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
Bithumb is a broker which has found its way successfully into the broker world. In this review, we've tried to collate a number of the vital aspects of Bithumb. This review will help you to understand whether Bithumb is a good fit for your own investments or not. We've attempted to breakdown all of the features and charges for your advantage.
Bithumb Review, Table Of Contents
- Who are Bithumb?
- Benefits Of Trading With Bithumb
- Everything you should know about trading with Bithumb
- Is Bithumb Safe To Trade With?
- Bithumb Risk Disclaimer
- Pro's & Con's Of Trading With Bithumb
- Compare Brokers Similar To Bithumb
- Regulation And Licencing In More Detail
- Bithumb Awards
- Minimum Deposit Required For A Live Account With Bithumb
- Bithumb Commission And Fees Explained
- Compare broker fees against Bithumb
- Bithumb Withdrawal Fees Explained
- Bithumb Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Bithumb?
- Bithumb Customer Support
- Alternatives To Bithumb
- Frequently Asked Questions About Bithumb
Who are Bithumb?
Bithumb is a foreign exchange broker headquartered in Hong Kong and provides a variety of tools for online trading. Since its establishment in 2009, Bithumb has emerged as a leading player in the industry of online brokerage. Bithumb includes an extremely competitive and full-featured trading site that is focused on forex, indices, metals, sharesand commodities.
Over the past 12 years, Bithumb has grown into one of the leading online brokers.
After establishing in 2009, their consumer base is becoming as large as 10,000+ clients.
Bithumb is the favourite for many traders.. Our Bithumb review discovered that they are an excellent choice for automated trading solutions. It's most appropriate for investors who are looking for a variety of assets. Social and automated trading solutions are the core at Bithumb.
Technology plays a significant role at Bithumb. Bithumb offers trading on iPhone/iPad,iOS,Mac. Bithumb is fair, transparent, and also a well-regulated broker by the Unregulated. Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The trader resource department at Bithumb is very enlightening for new traders since it allows them to get a closer look at the financial markets. Bithumb caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that Bithumb is not right for you then at the bottom of this Bithumb review you wil find a lot of alternatives to Bithumb.
What you should know about trading with Bithumb
Bithumb is a dynamic platform that offers various procedures of trading online. These instruments cover the financial markets considerably. Most of the brokerage platforms provide fewer procedures than Bithumb
If you wish to trade with Bithumb, you'll need a minimum deposit of $500. This deposit is required if you want to start trading using Bithumb. This 2021 Bithumb review will guide you safely about trading with them.
Bithumb is as flexible as any other brokerage platform. Bithumb is excellent for traders that want a manageable assortment of cheap services. The platforms provided by Bithumb are third party, white-label offerings. All traders can select from iPhone/iPad,iOS,Mac.
Together with everything, Bithumb has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade must be kept open. The agents offer premium client service that rewards customers with benefits.
Many less reputable brokers attempt to pressurise consumers into bigger funding for superior services. Bithumb, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further benefits will become available.
Bithumb accounts are available around the world and provides quality service wherever they have customers. There are some select few countries where Bithumb accounts are not available. Traders in the following countries cannot open or use a Bithumb account:
BR, KR, IR, IQ, SY, JP, US
Is Bithumb Safe To Trade With?
Established in 2009, Bithumb has been open for 12 years, they have a head office in Hong Kong.
Bithumb is regulated by Unregulated. These bodies have rules that make sure that trading platforms have measures in place to keep investor's resources secured. This usually means that Bithumb users don't need to be worried about their money as it is segregated and safely kept in banks that are established. SSL encryption secures every user's personal information as well.
You are able to make use of an option for Two Factor Authentications (2FA) with Bithumb for increased safety. An SMS with the verification code will be sent to a phone. You'll be asked to enter this code to log in to your accounts.
Another concern with fiscal brokers with regards to safety may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more widespread in the case of Market Maker brokers who compete with customers on the platform.
Bithumb Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Bithumb
Every online trading platform has some ups and downs, and no Bithumb review would be complete without showing both sides. This Bithumb review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Bithumb is trusted by 10,000+ clients
- Bithumb doesn't charge withdrawal fees
- Bithumb doesn't charge inactivity fees
- Bithumb doesn't charge deposit fees
- Bithumb doesn't charge CFD fees
- Bithumb offers social trading
- Bithumb offers copy trading
- Bithumb offer trading on iPhone/iPad,iOS,Mac
- Bithumb offer 56 trading instruments
- Bithumb trades major forex pairs
- Bithumb offers trading on cryptocurrencies
- Bithumb can communicate in English, and Chinese
- Bithumb does not offer Negative Balance Protection
- Bithumb does not offer Guaranteed Stop Loss
- Bithumb has high minimum deposit requirements
- Bithumb doesn't trade minor forex pairs
- Bithumb doesn't trade exotic forex pairs
- Bithumb doesn't offer trailing stop
Bithumb Review - Compare Brokers Similar To Bithumb
|Bithumb||mayzus||HDFC Securities||global prime|
|Rating||1.21 / 10||6.3 / 10||5.83 / 10||4.8 / 10|
|Headquarters||Hong Kong||Dubai||India||United Kingdom|
|Regulated By||Unregulated||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F275||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F249|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Bithumb Review - Regulation And Licencing In More Detail
Bithumb is regulated by Unregulated.
Bithumb, as a business, has a strong collection of rules for ensuring honest trading onto its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is never to be shared with some other institutions or individuals. Including credit history and other financial details.
Bithumb Review - AwardsAt the time of writing this Bithumb review, and despite Bithumb’s impressive offering, the company has surprisingly not garnered any other awards to date.
Bithumb Trading Platforms
Bithumb are a professional broker that has been operating for over 12 years. They offer a large range of options in their user accounts.
In the following table we take the main parts of any professional broker and compare Bithumb with mayzus, HDFC Securities, and global prime
Bithumb Review - Minimum Deposit Required
The minimum deposit you need to begin on Bithumb is $500. This is an adequate amount for those just beginning. You can create more advanced residue as you go along. But, ensure that you know how to make the most of your cash before investing larger amounts.
Bithumb Review - Commission And Fees Explained
Bithumb is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of fees for this purpose.
The first kind of charges to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you are spending a spread, funding speed, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are charged when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for services like depositing money, not investing for lengthy periods, or withdrawals.
In general, Bithumb does not charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who often exchange, for example daily or weekly trading.
However, non-trading fees charged by Bithumb are relatively lower. As a result, you are billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.
This Bithumb review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against Bithumb
Bithumb Review - Withdrawal Fees ExplainedBithumb doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Bithumb account. You can draw sums up to the amount of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't always have to have any cash on your accounts.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn cash is going to be sent to the card. Bithumb will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to withdraw in.
Bithumb Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind when open an account with Bithumb. An inactivity fee is an amount charged to registered dealers who have not engaged in buying or selling for a while. The period considered inactive is determined by the broker.
The inactivity fee differs from 1 broker to another and isn't standardized. If a dealers account doesn't have a buying or selling transaction, it's maintained by the broker as an inactivity charge. The traders have to pay this fee under terms and conditions they had agreed while registering.
Bithumb doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges have been indicated by Bithumb, it's better that you close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you've chosen. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the broker beforehand.
Bithumb Review - Deposit Fees Explained
When you transfer money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this particular operation.
Bithumb doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Bithumb trading platform is easy. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity evidence and evidence of residency to deposit substantial amounts.
Bithumb Review - Compare Broker Deposit Methods
What Can You Trade With Bithumb?
Note: Bithumb provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can differ based on the country of residence of the client.
Bithumb has a wide variety of over 56 instruments available for you to trade with.
If trading forex pairs is of interest to you then Bithumb offer over currency pairs.
Compare Bithumb, mayzus, HDFC Securities & global prime below.
Reviewing The Bithumb Mobile App
Note: Bithumb's mobile app has a lot of functions and is being constantly improved. The table below was correct at the time of compiling this Bithumb review.
Understand the capabilities of the mobile apps of Bithumb, mayzus, HDFC Securities & global prime below.
Bithumb Customer Support
In our Bithumb review we understood the customer service options, response times and the Bithumb trading platform issue resolution effectiveness. Bithumb supports various languages including English, and Chinese.
Bithumb Live Chat Support
We tested the live chat on Bithumb and it works well. We made a request to Bithumb livechat via their app and web site and got a reply within 20 seconds. On Occasion there was no response.
We tried communicating through Bithumb support in multiple languages across multiple countries. Bithumb were able to resolve our customers' concerns.
Bithumb Phone Support
We made a call to Bithumb and the call was answered very promptly. The call was answered within less than 5-10 minutes.
Bithumb phone support team were able to successfully address our questions and concerns on the phone. We tried the multi-lingual Bithumb team by making calls in various languages. Bithumb made an effort to make sure our queries were answered.
The overall phone support provided by Bithumb was satisfactory.
Bithumb Email Support
We have sent numerous email to Bithumb and the response times were all excellent. The fastest email response from Bithumb was 3 hours, while the longest response time was 3 days! Sometimes , there were no responses. Support response times can vary for you at Bithumb, but this was our experience sending 10 emails at varying times.
The team was able to resolve and answer our questions. The overall average of email support provided by Bithumb was excellent.
Alternatives To Bithumb
If, after reading this Bithumb review, they don't meet your needs check out these Bithumb alternatives.
We've scoured the internet to find the best alternatives to Bithumb. Click the links below to learn more.
Frequently Asked Questions about Bithumb
Can I try Bithumb before I buy?
Yes, you can most certainly try Bithumb before you buy. Bithumb provides demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demo account on Bithumb, you may set out using a decent amount of virtual money. It is to establish a sense of safety and confidence in you before you choose to invest your own money.
With this digital Bithumbdemo account, you are able to experiment in any way, to whatever period you wish. You might even open positions, examine different trading approaches, and much more.
Bithumb specifies on its official website which you are able to exchange real time stocks in a demo account.
Is Bithumb safe?
It is possible to drop all of your worries because we believe that Bithumb is totally safe to use. It is in compliance with the principles of Unregulated.
Nevertheless, Bithumb does not provide assured stop-loss protection.
Why does Bithumb ask for my passport?
The reason that Bithumb asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Bithumb has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Bithumb must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Bithumb?
The process to start trading withBithumb is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Bithumb website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Bithumb is $500. You should have a good understanding of the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Bithumb.
The best way to kickstart your trading career with Bithumb is to open a demo account facility before risking any real money
What funding methods do Bithumb accept?
There are a number of methods to finance your account with Bithumb. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal is not available in every country. The monies Bithumb
Is my money safe with Bithumb?
Yes, your money is safe and protected with Bithumb. As you know, Bithumb operates with proper conformation to. It has established plenty of measures to protect all its own investors.
Bithumb protects its clients' personal and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, you can enable Two-Step Verification also. It requires an SMS confirmation for you to get your account.
Is Bithumb trading good?
Yes, trading through Bithumb is a nice and decent experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you could even gain access to a vast selection of educational tools and assistive material to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Bithumb support?
Bithumb operates around the globe. However, due to regulations there are some countries that Bithumb do accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is Bithumb legit?
Bithumb is a legit company headquarted in Hong Kong since 2009. They are regulated by Unregulated. Bithumb is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Bithumb a good broker?
Bithumb is an excellent agent, and its own users can vouch for this. The highlight of the platform is its fast order execution on trades.
You'll find the clean design of the platform along with the admirable features a pleasure to work with.
Is Bithumb a trustworthy broker?
Yes, Bithumb is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Bithumb?
The minimum deposit to open a live account with Bithumb is $500
How long do Bithumb withdrawals take?
Normally, withdrawal of money from Bithumb is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Bithumb to show in your bank account.
Are Bithumb regulated?
Bithumb are regulated by Unregulated
Is Bithumb a market leading broker?
Bithumb is indisputably one of the business leaders. It has over 10,000+ registered customers and over 12 years of expertise on its record. They are one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this standing to its incredible platform and broad selection of resources plus tools so that you can put money into capital markets.
Is Bithumb a con?
No, Bithumb is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Bithumb is not a scam.
Can you make money with Bithumb?
Using Bithumb, several traders earn a great deal of money. However, on average, through consistent trading, you can make between 2% - 10% profit a month.
This can look to be a small number, but within the year, this adds to a significant number of gains. Even though Bithumb provide you all the tools to earn money, they cannot guarantee you will gain.
Does Bithumb have fees?
Yes. To start trading with Bithumb, you have to deposit $500. Certain commissions while trading also apply. Any processing fees from your bank might need to be incurred by you.
When was Bithumb founded?
Bithumb was founded in 2009 in Hong Kong. Bithumb is regulated by Unregulated.
How many people use Bithumb?
Bithumb is a worldwide recognised agent with 10,000+ clients.
Where is the Bithumb head office?
Bithumb has its head office in Hong Kong
Does Bithumb offer negative balance protection?
No. Bithumb does not offer negative balance protection. If your balance is negative, Bithumb indicates that you promptly contact customer services. For this, you can fix any imbalances within your own account.
Does Bithumb offer guaranteed stop loss?Bithumb unfortunately, does not provide guaranteed stop loss. Bithumb provides a chance for its dealers to close their trade in their specified price. Aside from that, Bithumb doesn't provide guaranteed stop loss.
Does Bithumb allow scalping?Yes, Bithumb do permit scalping. Many traders throughout the world select Bithumb due to their services that are trading. They offer trading on iPhone/iPad,iOS,Mac which allow this.
Does Bithumb allow hedging?
Yes, Bithumb does allow hedging.
Can you trade energies with Bithumb?
No, unfortunately you cannot trade energy stock with Bithumb
Can you trade agricultural shares with Bithumb?
No, unfortunately you cannot trade agricultural stock with Bithumb
Can you trade cryptocurrency with Bithumb?
Yes, you can trade cryptocurrency with Bithumb
Can you trade metals with Bithumb?
No, unfortunately you cannot trade metals with Bithumb
Can you trade UK Shares with Bithumb?
No, unfortunately you cannot trade UK shares with Bithumb
Can you trade US Shares with Bithumb?
Yes, you can trade US shares with Bithumb
Can you trade Japanese Shares with Bithumb?
No, unfortunately you cannot trade Japanese shares with Bithumb
Can you trade German Shares with Bithumb?
No, unfortunately you cannot trade German shares with Bithumb
Does Bithumb accept bank transfers?
Yes, Bithumb accepts bank transfers for depositing money.
Does Bithumb accept credit cards?
Yes, Bithumb accepts credit cards for depositing money.
Does Bithumb accept PayPal?
No, Bithumb does not accept PayPal.
Does Bithumb accept Skrill?
No, Bithumb does not accept Skrill.
Does Bithumb accept Payoneer?
Yes, Bithumb accepts Payoneer for depositing money.
Does Bithumb accept Neteller?
No, Bithumb does not accept Neteller.
Does Bithumb offer Live Chat customer support?
Yes, Bithumb offers customer support through live chat.
Does Bithumb offer phone customer support?
Yes, Bithumb offers customer support over the telephone.
Does Bithumb offer email customer support?
Yes, Bithumb offers customer support through email.
What languages can Bithumb communicate in?
Bithumb has the ability to communicate and support customers who speak: English, and Chinese
Does Bithumb have a wikipedia page?
No, Bithumb does not have an official wikipedia page.
Does Bithumb offer demo accounts?
Yes, Bithumb offers demo accounts so you can learn their systems before risking any real capital. Newbie traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.