How to buy and sell coins on Bithumb Exchange? Detailed steps

Follow this step-by-step guide to seamlessly navigate the process of buying and selling various digital assets on the renowned Bithumb Exchange.

Oct 10, 2024 at 12:18 pm

How to Buy and Sell Coins on Bithumb Exchange: A Step-by-Step Guide

Bithumb is a renowned South Korean cryptocurrency exchange that offers a user-friendly platform for buying and selling various digital assets. This guide provides detailed steps to help you navigate through the process of purchasing and liquidating coins on Bithumb Exchange.

Step 1: Create an Account

Visit the official Bithumb website and click on "Sign Up."
Fill in the required personal information (email, password, etc.) and complete the verification process.

Step 2: Fund Your Account (for Buying Coins)

Log in to your Bithumb account.
Navigate to the "Deposit" section.
Select your preferred deposit method (e.g., bank transfer, credit/debit card).
Follow the on-screen instructions to complete the deposit.

Step 3: Place a Buy Order (for Buying Coins)

Go to the "Trade" section.
Select the cryptocurrency pair you want to buy (e.g., BTC/KRW).
Determine the order type (e.g., Market Order, Limit Order).
Enter the amount of coins you want to purchase and the desired price.
Review the order details and click on "Buy."

Step 4: Wait for Order Execution

The exchange will match your buy order with available sell orders.
Once matched, your order will be executed, and the purchased coins will be deposited into your Bithumb wallet.

Step 5: Sell Your Coins

Navigate to the "Trade" section.
Select the same cryptocurrency pair you bought (e.g., BTC/KRW).
Determine the order type (e.g., Market Order, Limit Order).
Enter the amount of coins you want to sell and the desired price.
Review the order details and click on "Sell."

Step 6: Collect Proceeds (if Selling)

Similar to the buying process, the exchange will match your sell order with available buy orders.
After successful execution, the proceeds from the sale will be credited to your Bithumb balance.
You can then withdraw the proceeds to your desired bank account or wallet.

Additional Notes:

Bithumb supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Transaction fees and withdrawal limits vary depending on the cryptocurrency and the payment method.
Ensure you have completed the Know Your Customer (KYC) verification process to access all features of the exchange.
Always review the order details carefully before executing it.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

ALPACA

$0.7744

949.25%

Trade Now
HOUSE

$0.1052

90.54%

Trade Now
PUNDIX

$0.5580

60.73%

Trade Now
CTK

$0.5084

51.40%

Trade Now
MNSRY

$0.0711

50.40%

Trade Now
DRIFT

$0.7613

31.03%

Trade Now

Latest Crypto News

Trump Media & Technology Prepares to Launch Its Own Cryptocurrency Token
2025-04-30 18:30:15
Trump Media & Technology Group Explores Launching a Cryptocurrency Token and Digital Wallet
2025-04-30 18:30:15
Bitcoin (BTC) hashrate spikes 9.91%, signaling an important milestone
2025-04-30 18:25:14
XDC Labs and LayerZero Labs Have Announced a Major Collaboration That Integrates LayerZero's Universal Messaging Protocol into the XDC Network
2025-04-30 18:25:14
El Salvador Continues to Buy Bitcoin Despite IMF Deal
2025-04-30 18:20:13
Circle issuer of the $600 million USDC stablecoin secures in-principle approval from Abu Dhabi’s financial watchdog
2025-04-30 18:20:13

Related knowledge

How do I contact customer service on Binance to resolve issues?

Mar 16,2025 at 04:30am

Key Points:Binance's customer service is primarily self-service, relying heavily on its help center and FAQs.Direct contact methods are limited, with email support being the most common route for non-urgent issues.Urgent issues may require using the in-app support system, though response times can vary.Understanding Binance's support structure and utili...

How do I view the latest announcements and events on Binance?

Mar 18,2025 at 10:18pm

Key Points:Binance utilizes multiple channels for disseminating announcements and events.The official Binance website is the primary source.Binance's social media platforms offer timely updates.Email subscriptions keep users informed about relevant announcements.Third-party aggregators can supplement official channels but require caution.How Do I View t...

How do I set up a subaccount on Binance?

Mar 14,2025 at 01:50pm

Key Points:Binance does not offer traditional "subaccounts" in the sense of separate accounts with independent logins under a master account.Instead, Binance offers features like user-defined labels for better portfolio management and API keys for automated trading. These provide functionality similar to subaccounts.Setting up these features involves na...

How do I view the list of supported currencies on Binance?

Mar 15,2025 at 05:35am

Key Points:Binance supports a vast and frequently updated list of cryptocurrencies. There's no single, static list.Finding supported currencies requires navigating Binance's website or app interfaces.Different sections of the exchange show different subsets of supported currencies (e.g., trading, staking, etc.).The availability of specific cryptocurrenc...

How do I view account security settings on Binance?

Mar 15,2025 at 08:40pm

Key Points:Binance's security settings are spread across multiple sections of your account. This article will guide you through each crucial area.Understanding and implementing these settings is paramount to protecting your cryptocurrency assets.We'll cover two-factor authentication (2FA), withdrawal whitelists, and other essential security features.Reg...

How do I use grid trading on Binance?

Mar 14,2025 at 04:25pm

Key Points:Grid trading on Binance involves automatically buying low and selling high within a defined price range.Binance offers a built-in grid trading bot, simplifying the process.Setting up a grid bot requires defining parameters like price range, grid quantity, and investment amount.Risk management is crucial, as losses are possible despite the aut...