What is Bithumb? Is it worth working with?

Bithumb is one of the five largest cryptocurrency exchanges in the world and the No. 1 cryptocurrency exchange in South Korea. A broker with multiple assets was founded in 2009. Today, Bithumb offers single investors Forex trading, CFD trading, spread and stocks. By some estimates, Bithumb accounts for 10% of bitcoin trading globally. Bithumb is headquartered in Hong Kong.

For beginners in financial markets trading, finding a broker that meets all needs can be difficult. That is why it is worth studying bithumb reviews to understand its principle of working on real cases.

Bithumb is a multi-active platform with over 56 trading assets. They are involved in Forex trading, CFDs, stock trading, spread betting, social trading and stock trading.



Features of the broker

• At the disposal of traders all major cryptocurrencies.
• Commissions are below the segment average.
• Smart investment portfolios.
• First-class support.
• Convenient interface.
• The platform is available in 15 different languages or more.
• The project is global and available in more than 194 countries.

The main advantage is the large volume of trading. The company does not have an affiliate program, but it provides extensive investment opportunities. Bithumb has its own trading terminal with the latest security system and lightning fast operation.



How does the platform work with money?
The withdrawal fee with Bithumb depends on the withdrawal method you choose. Each broker has its own rules for withdrawing funds from trading accounts. This is because each brokerage firm will have different withdrawal methods, and each payment provider may have different processing fees, processing times, and potential currency conversion fees.

For example, Bithumb allows you to withdraw your funds into cryptocurrency.

Any payments received from traders to Bithumb accounts are stored in a separate bank account. The platform is run by Tier 1 banks, an official indicator of the financial health and stability of banks.

A tier one bank has strong fixed capital reserves, and financial regulators use tier one banks because they can withstand unexpected financial losses.

That’s why any fiat money you deposit into Bithumb is safe at a bank that has enough capital to satisfy all withdrawal requests, even if Bithumb ceases to operate for some reason.

Thus, it is safe to assume that Bithumb is safe and reliable.