Notes for newbies to the Bithumb exchange

To sign up for a Bithumb account and begin trading, users can visit the Bithumb website, create an account with basic personal information, complete the 2FA process, and submit identification for verification.

Oct 12, 2024 at 12:29 am

Essential Guide for Beginners Navigating the Bithumb Exchange

1. Sign Up and Account Verification

Create a Bithumb account by providing basic personal information. Complete the two-factor authentication (2FA) process to enhance security. Submit your identification documents for verification.

2. Deposit Funds

• Fiat Currency: Deposit funds using Korean won (KRW) or other supported fiat currencies via bank transfer or wire transfer.
• Cryptocurrency: Transfer cryptocurrency from an external wallet into your Bithumb account.

3. Trade Cryptocurrency

• Visit the "Trade" section and select the desired trading pair (e.g., BTC/KRW).
• Enter the amount of cryptocurrency you wish to buy or sell.
• Select the order type (e.g., market order, limit order) and place the trade.

4. Withdraw Assets

• Go to the "Wallet" section and choose the cryptocurrency you want to withdraw.
• Enter the withdrawal address and amount.
• Complete the security verification steps and confirm the withdrawal.

5. Fee Structure

Bithumb charges varying fees for different transactions:

• Trading Fees: Based on maker or taker status and VIP levels
• Deposit Fees: Free for KRW deposits, while cryptocurrency deposit fees vary
• Withdrawal Fees: Dependent on the cryptocurrency being withdrawn

6. Customer Support

• Email support: support@bithumb.com
• Live chat: Accessible from the exchange website
• Phone support: +82-2-070-7295

7. Security Tips

• Enable 2FA for enhanced account security.
• Use a strong password and never share it.
• Be cautious of phishing emails claiming to be from Bithumb.
• Store cryptocurrency in a secure hardware wallet.