Bithumb (Bitglobal) Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Only Korean won is available from fiat, constantly updated list of investment portfolios with an average annual return of 7%
- and top-caliber technical support
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Only Korean won is available from fiat, constantly updated list of investment portfolios with an average annual return of 7%
- and top-caliber technical support
Our Evaluation of Bithumb
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bithumb is a moderate-risk cryptocurrency exchange with the TU Overall Score of 5.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bithumb clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Bithumb (Bitglobal) is a prominent cryptocurrency exchange in Asia. Its main advantage is its large trading volumes. Some traders may lack assets, although all the most popular cryptocurrencies are listed on the exchange. The company does not have an affiliate program, but it has extensive investment opportunities (deposits). Bithumb (Bitglobal) has its proprietary trading terminal with an up-to-scratch security system and lightning-quick execution.
Brief Look at Bithumb
Bithumb (Bitglobal) is a cryptocurrency exchange and trading platform. Only the Korean won is represented among the broker’s fiat currencies. In addition to making money on the crypto exchange, users can receive passive income using deposit programs. There is also the possibility of automatic trading through a custom bot. Major cryptocurrencies are traded on the exchange, including Bitcoin, Ethereum, Ripple, EOS, DASH, Zcash, Monero, etc. Deposits and withdrawals of funds are possible through credit cards and crypto-wallets. The personal data protection system is assessed as progressive and there is an extended AML verification. The platform has its proprietary trading terminal, which has two versions — web and mobile (in Android and iOS). Only a cold storage (not connected to the internet) method for holding cryptocurrencies is presented.
- all major cryptocurrencies are at your disposal;
- fees are below average for the segment;
- high trading volumes equal high liquidity;
- well-thought-out investment portfolios;
- top-notch support service;
- the user-friendly interface.
- only a few dozen cryptocurrencies and tokens are presented;
- no fiat funds except the Korean won;
- no referral program.
TU Expert Advice
Financial expert and analyst at Traders Union
Bithumb (Bitglobal) is one of the old-fangled worldwide exchanges and the oldest in the Asian region. It features impressive trading volumes and high-quality investment programs that have no analogs. From a technical standpoint, the company's trading terminal worked stably during the test period, and the transaction time did not go beyond the permissible values.
In general, the terminal is defined as intuitive, so it is equally convenient for both professionals and novice traders. Note, however, that it is only available in three languages, English, Korean, and Chinese. Technical support is highly rated for prompt and in-depth responses. However, it also only works in the three aforementioned languages.
Bithumb (Bitglobal) offers several deposit programs with different payout conditions. You can withdraw funds from the deposit at any time. The list of investment portfolios is regularly updated. Lending is also available for active traders (separately for the bull and bear markets), and there is automatic trading through a custom bot. This more than compensates for the lack of advanced functions such as stop loss and take profit.
Bithumb Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, Korean won |
| 💵 Replenishment / Withdrawal: | Bank cards, cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | $0.15 |
| 🔧 Instruments: | Cryptocurrencies, Korean won |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Only Korean won is available from fiat, constantly updated list of investment portfolios with an average annual return of 7%; and top-caliber technical support |
| 🎁 Contests and bonuses: | Yes |
High liquidity can be caused by the large trading volume on the Bithumb (Bitglobal) crypto exchange. At the same time, many traders do not come here to trade, but to invest in profitable investment programs. The exchange does not provide leverage for margin trading, and there is no minimum deposit. The static fee for all types of trade transactions looks especially attractive for those who regularly trade large volumes. At the same time, Bithumb’s conditions are quite loyal for novice crypto traders.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Fixed – $0.15 | Yes (depends on the asset) |
Overall, the $0.15 commission is considered beneficial compared to the average commissions on other exchanges. However, you need to understand that everything here depends on the trading volume. The more funds you invest in transactions, the more profitable a fixed commission is for you. Here's a comparison to the closest competitors:
| Broker | Average commission | Level |
|---|---|---|
|
$0.15 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
Bithumb (Bitglobal) investment programs are represented by several portfolios. The list is constantly updated following the needs of companies that borrow funds from the crypto exchange.
To be a member of the investment program, the user only needs to select one of the available options and "freeze" the required amount of the asset desired. Different deposits have unique conditions and terms for the various assets. As soon as the company that takes a loan from the crypto exchange collects the desired amount, the deposit program is closed.
You cannot trade funds invested in a deposit. But they can be withdrawn at any time upon request. You can create an unlimited number of applications for deposits and withdrawals. The average annual income on deposits is 7%. However, deposits with a yield of 20% and even 75% might occur.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bithumb’s affiliate program
The Bithumb crypto exchange does not provide affiliate (referral) programs. In addition to buying/selling cryptocurrencies, users can only earn by investing in deposit portfolios.
User Satisfaction