1-800-498-9965 [email protected]

Bithumb

 

What Is Bithumb?

Bithumb is Korea’s number one cryptocurrency exchange. It’s also routinely ranked among the top 10 worldwide cryptocurrency exchanges in terms of trading volume. The exchange promises to offer the lowest commission rates in the world.

The Korea Herald reports that Bithumb accounts for a 75.7% share of South Korean bitcoin market volume, and accounts for about 10% of the global bitcoin trade. At last count, the exchange was also responsible for about 50% of South Korea’s Ether trading.

In June 2017, Bithumb suffered a large hack that led to the disappearance of billions of won. Approximately 30,000 users were hacked and watched assets drain from their accounts. The incident affected 3% of Bithumb’s users. Bithumb traced the hack back to an instruction on a company employee’s home PC.

Popular Bithumb Trading Pairs

Bithumb, understandably, is known for its Korean Won (KRW) trading pairs. Here are the trading pairs in descending order of volume at the time of writing (July 2017):

  • ETH/KRW
  • XRP/KRW
  • BTC/KRW
  • ETC/KRW
  • LTC/KRW
  • DASH/KRW

No other trading pairs are available on Bithumb at this time.

It’s also worth mentioning that Bithumb allows users to buy bitcoin gift vouchers. Vouchers are denominated in the equivalent value based on the current Korean won value. The minimum value for each card can be 10,000 KOW, or about $9 USD. Bithumb will also purchase existing gift vouchers from customers and convert them into the corresponding value in bitcoin.