how bithumb exchange

To use Bithumb, create an account, verify your identity, deposit funds, place an order, withdraw funds when needed, and take advantage of additional features like Bithumb Global, advanced trading options, and rewards programs.

Oct 27, 2024 at 03:30 am

How to Use the Bithumb Exchange: A Comprehensive Guide

Bithumb is a cryptocurrency exchange established in South Korea in 2014. It is one of the oldest and most well-established exchanges, known for its high volume and diverse cryptocurrency offerings.

Step 1: Create an Account

• Visit the Bithumb website: https://www.bithumb.com/
• Click on "Join" in the top right corner.
• Fill out the registration form, providing your email address, username, password, and phone number.
• Agree to the terms and conditions.
• Click "Submit."

Step 2: Verify Your Account

• After creating an account, you will need to verify your identity.
• Click on "Security Management" in the top right corner.
• Under "Account Verification," click on "Identity Verification."
• Follow the instructions to upload an ID document and take a selfie.

Step 3: Deposit Funds

• Once your account is verified, you can deposit funds to start trading.
• Click on "Deposit" in the top navigation bar.
• Select the cryptocurrency you want to deposit.
• Generate a deposit address.
• Transfer funds from your external wallet to the deposit address provided.

Step 4: Place an Order

• To place an order, click on "Markets" in the top navigation bar.
• Select the trading pair you want to trade (e.g., BTC/USDT).
• Choose an order type: Limit, Market, or Stop Limit.
• Enter the amount you want to trade and the price at which you want to execute the order.
• Click "Buy" or "Sell."

Step 5: Withdraw Funds

• To withdraw funds, click on "Withdraw" in the top navigation bar.
• Select the cryptocurrency you want to withdraw.
• Enter the amount you want to withdraw and the wallet address to which you want to send it.
• Click "Withdraw."

Additional Features

• Bithumb Global: Bithumb also operates an international arm called Bithumb Global, offering access to a wider range of cryptocurrencies and trading pairs.
• Advanced Trading: For experienced traders, Bithumb provides advanced trading tools such as margin trading and futures contracts.
• Earn Rewards: Bithumb offers rewards programs that allow users to earn Bithumb Token (BTH) for holding and trading on the platform.
• Customer Support: Bithumb provides 24/7 customer support through email, live chat, and phone.

Security

Bithumb has a strong track record of security, implementing industry-leading measures such as:

• Cold storage for cryptocurrency assets
• Two-factor authentication
• Anti-phishing protection
• Regular security audits