VALR vs Bithumb: Fees, Coins, Safety Comparison
| Feature | VALR | Bithumb |
|---|---|---|
Overall |
2.8 |
4.0 |
1 |
4.0 |
|
4.1 |
3.9 |
|
3.9 |
4.2 |
|
Investment Instruments |
1 |
4.3 |
Platforms and Charting Tools |
4.2 |
4.2 |
Deposit and Withdrawal |
3.1 |
3.8 |
Research |
3.5 |
3.9 |
Education |
3.6 |
3.8 |
Support |
3.9 |
4.0 |
Bonuses |
3.7 |
4.1 |
|
Your capital is at risk.
|
VALR vs Bithumb: Pros and Cons
The VALR exchange is a renowned cryptocurrency trading platform. Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and other cryptocurrencies are at your disposal for trading here. Instantaneous exchange and margin trading are available (but no leverage). Of the fiat funds, only the South African rand is represented. The crypto exchange has a web version of the trading terminal and applications for iOS and Android for mobile trading. The site offers a referral program with four levels of reward. Traders' assets are stored in the Bittrex system, and the platform uses several levels of security to protect users' funds. Fees are fixed and are below the market average.
Bithumb 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.
| VALR | Bithumb | |
|---|---|---|
| Overall Pros | a plethora of cryptocurrencies for exchange and trade; | all major cryptocurrencies are at your disposal; |
| functional and easy-to-learn trading terminal; | fees are below average for the segment; | |
| the presence of an author's application for mobile trading; | high trading volumes equal high liquidity; | |
| lucrative referral program with discounts and rewards; | well-thought-out investment portfolios; | |
| top-tier level of protection of data and user funds; | top-notch support service; | |
| all major options for depositing and withdrawing funds; | the user-friendly interface. | |
| low fixed fees for trading operations; | ||
| Crypto4Covid Fund for Covid-19 Affected People. | ||
| Overall Cons | only South African rand is presented as fiat; | only a few dozen cryptocurrencies and tokens are presented; |
| communication with technical support can be initiated exclusively through tickets. | no fiat funds except the Korean won; | |
| the exchange does not offer tutorials; | no referral program. |
VALR vs Bithumb: Safety and Regulation
| Regulated By: | VALR | Bithumb |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Financial Intelligence Unit (FIU) |
VALR vs Bithumb: Trading Conditions
| Trading Conditions | VALR | Bithumb |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
VALR |
Bithumb |
Max Leverage (Futures) |
44562 |
44562 |
Number of Markets |
70+ |
32+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
ZAR, Cryptos |
Cryptocurrencies, Korean won |
VALR vs Bithumb: Fees
Trading Fees
| Fee | VALR | Bithumb |
|---|---|---|
Max Maker |
0.10% |
0.25% |
Max Taker |
0.10% |
0.25% |
Min Maker |
0.10% |
0.04% |
Min Taker |
0.10% |
0.04% |
Debit/Credit Card Purchase Fee |
0% (Only ZAR) |
0 |
Futures Trading fees
| Fee | VALR | Bithumb |
|---|---|---|
Max Maker |
Not supported |
0.25% |
Max Taker |
Not supported |
0.25% |
Min Maker |
Not supported |
0.04% |
Min Taker |
Not supported |
0.04% |
Non-Trading Fees
| Fee | VALR | Bithumb |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
8.50 ZAR |
Not supported |
BTC Withdrawal Fee |
variable |
0.001BTC |
Inactivity Fee |
No |
No |
VALR vs Bithumb: Trading Assets
| Asset Name | VALR | Bithumb |
|---|---|---|
Overall |
70+ |
193+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
No |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
No |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
No |
Crypto ETF |
No |
No |
VALR or Bithumb: Investment Programs
| Asset Name | VALR | Bithumb |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Automatic Trading |
Trading Platforms: Bithumb or VALR
| VALR | Bithumb | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Bithumb or VALR
| VALR | Bithumb | |
|---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Bithumb or VALR
| VALR | Bithumb | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Bithumb or VALR
| VALR | Bithumb | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Bithumb or VALR
| VALR | Bithumb | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
VALR vs Bithumb: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | VALR | Bithumb |
|---|---|---|
Bank Transfer |
No |
Yes (Only Deposit) |
Credit/Debit Card |
Only ZAR |
Yes (Only Deposit) |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
VALR vs Bithumb: Research
| Research Type | VALR | Bithumb |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
VALR vs Bithumb: Education
| Education Type | VALR | Bithumb |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
Bithumb vs VALR: Support
| Support Features | VALR | Bithumb |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
No |
No |
Other |
No |
No |
VALR vs Bithumb: Crypto Bonuses and Promo
| Promo | VALR | Bithumb |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
The VALR referral (affiliate) program has notable differences from the typical programs of other cryptocurrency exchanges. The program includes four levels, but they are determined not by the depth of the referral network, but by the actions of the user. At each level (except zero), the exchange provides bonuses in the form of discounts on fees or affiliate payments. Level zero: you register without a referral code and do not receive any benefits. Level one: you register with a referral (invitation) code and receive a 10% discount on all trading commissions. Level two: you invite another user with a referral code and get a 15% discount on all fees, and the user gets a 10% discount. Level three: you invite two or more referrals and get a 15% discount on your fees. Plus, you also have access to 10% of all the commission fees of your referrals. |
30% from refferal's trading commission |
|
Your capital is at risk.
|
Top 5 Reviews on Bithumb
-
Comment
My experience with Bithumb regrettably fell short of expectations. The fee structure appeared disproportionately high, significantly diminishing potential gains. In light of these cons, I would cautiously advise against entrusting one's assets to Bithumb.
-
Comment
Found a better exchange. Bithumb immediately attracted me, but then I realized that they were weak in terms of conditions. There are better markets. Also, there were problems with the service, then a freeze, then a delay, all this affects the quality of trading, so I decided to find a better company. And found! I wish everyone to find the perfect crypto exchange for their needs.
-
Comment
Whoever has funds on the Bithumb crypto exchange, withdraw them to another exchange and quickly, otherwise there is a risk that your account may be blocked, like me. And most importantly, they blocked it for an incomprehensible and non-specific reason. They say that for security reasons, they promise that after checking the account, they will unblock it. They've been checking for over 3 weeks now! And there, by the way, they have my 550 dollars left!
-
Comment
I tried trading with Bithumb Global purely out of interest, after all, the exchange is more for the Asian market, and I thought that the conditions might be different. I won’t say that there is a difference between Bithumb Global and other exchanges with which I have collaborated, but I have received positive impressions from Bithumb Global. In terms of functionality, everything is familiar, but the conditions on the exchange are very favorable. For example, a fixed commission, liquidity is extremely high when trading basic cryptocurrencies, deposit programs at Bithumb Global are not bad. Of the nuances, I note that there are no fiat currencies here. More precisely, there is, but only the Korean won. And there are not many assets in Bithumb Global, a couple of dozen. I do not recommend the exchange for scalping.
-
Comment
I signed up on Bithumb in 2019 and since then I exchange Bitcoin and Ripple here from time to time. The interface of the trading terminal is so simple that even a beginner can figure it out. I can recommend this crypto exchange to novice traders since there is no minimum deposit and the trading commission is fixed. There are no educational articles or videos on the Bithumb website, so you will have to delve into the nuances of crypto trading with the help of other resources. However, the terms of trade are very favorable.
Top 5 Reviews on VALR
-
Comment
VALR's customer support was unresponsive and provided little assistance in resolving the issues I encountered. I cannot recommend VALR for crypto trading due to its poor performance, inadequate support, and security concerns.
-
Comment
Account blocked! No comments, personal personal assistant does not get in touch. Worked with them for many years, until the merged everything was fine! Looks like it's taken too much!
-
Comment
On various forums and sites there are negative reviews about VALR, and most of them are true) I checked everything myself. The earned money was not allowed to be withdrawn, although the trade was going normally.
-
Comment
According to my observations, VALR is an exchange for everyone who is engaged in cryptocurrency trading. Beginners here will appreciate the interface of the trading platform and professionals will enjoy the absence of unnecessary services, such as consulting or personal managers. As a professional, I am honestly tired of opening top accounts and getting a manager who is not always competent. There is no such problem here. And the choice of cryptocurrency and convenient ways to replenish the deposit will be appreciated by everyone. I would add a service for copying transactions so that professionals can share their knowledge and get a percentage, and beginners can learn from someone else's experience.
-
Comment
Over five years of trading on crypto exchanges, I have come across different situations such as the inability to withdraw funds, frost from the support service, slippage, and glitches on the platforms. I can't say that VALR is the dream of any crypto trader, but the company performs basic functions well, and that's enough for me. The choice of cryptocurrencies is about the same as on other exchanges, but the commissions are significantly lower. When trading in high volumes, this is especially valuable. Communication with the support service could be made faster, and an online chat could be added, but this is not critical.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!