Bithumb Rated 3/5

Bithumb Guide - Read our In Depth 2023 Bithumb Review

This detailed Bithumb review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Learn more about Bithumb.

Benefits of Trading with Bithumb

Bithumb Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 500
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 Bithumb users and traders
๐Ÿ“† Founded 2009
๐ŸŒ HQ Hong Kong
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Unregulated
๐Ÿšซ Excluded Countries Bithumb is not available in the following countries :

Open Bithumb's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is Bithumb?

Bithumb are a worldwide financial trading platform and broker. founded in 2009

Over 14 years later Bithumb now serves over 10,000 retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Bithumb are a global broker. Bithumb have a head office in Hong Kong.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Bithumb review and assess how well the Bithumb platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Bithumb. Choosing or shortlisting a trading platform like Bithumb can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Bithumb.

As a result, selecting the right trading platform like Bithumb requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Bithumb available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Bithumb requires thorough due diligence and careful consideration. Some Bithumb trading features can be complex when trading on mobile or using the Bithumb online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Bithumb trading tools properly. In our review of Bithumb we explain the pros and cons. What Bithumb offer, countries Bithumb are available in. Who Bithumb are regulated by and more.

Bithumb Review Screenshot

When it comes to online trading with brokers like Bithumb, carefully review Bithumb as your broker can make or break your success. Choosing the right broker is essential to ensure your Bithumb investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Bithumb review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Bithumb. You must also ensure the Bithumb broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Bithumb needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Bithumb into easily digestible information in this Bithumb review. We want to ensure you have all the knowledge necessary to use the Bithumb trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Bithumb are the key to successful trading, so we've provided this detailed Bithumb review. So, take a seat, grab a cup of coffee, and dive in to learn about Bithumb and how it can benefit you or if Bithumb is not for you.

Online investing with Bithumb can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Bithumb, evaluating the Bithumb platform is important. Evaluation includes researching the Bithumb management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Bithumb. That's why it's essential to understand the Bithumb company policies and practices before making any investment decisions. By doing your due diligence and understanding Bithumb platform, you can make informed investment choices that align with your financial goals. So take the time to research Bithumb thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Bithumb review you need to determine if Bithumb is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Bithumb, so you can make a more informed decision and compare other brokers against Bithumb.

If you want to look at some Bithumb alternatives that might better fit your needs, we list and compare some of the best Bithumb alternatives further down this Bithumb review.

Don't be fooled by the misconception that online trading is easy with Bithumb. It can be challenging and requires significant research and understanding of the Bithumb trading tools and features. You must know what you are doing when trading with Bithumb. That's why we've compiled this detailed Bithumb review with some important information that will hopefully make you more informed when online trading with Bithumb.

Bithumb Review Table of Contents

Bithumb review
Bithumb is a Multi-Assets Trading Platform with over 56+ Assets

Learn more about Bithumb. Bithumb is a multi asset platform with 56+ tradable Assets. Assets available on Bithumb include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Bithumb trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

Features of Bithumb

Bithumb review
What you should know

Bithumb offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing. The assets and products available to you on the Bithumb trading platform depends on the region of the world, you are in and the Bithumb entity you have an account.

With Bithumb you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with Bithumb platform.

Bithumb are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Bithumb safe?

When considering Bithumb for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Bithumb, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2009, and in operation for 14 years Bithumb have a head office in Hong Kong.

Bithumb is not regulated. This means Bithumb are not supervised by any regulatory bodies.

Bithumb withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Bithumb are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Bithumb are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Bithumb and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Bithumb has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Bithumb will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Bithumb, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds.

Your capital is at risk

Is my money safe with Bithumb?

All payments made to Bithumb by traders are securely held in a segregated bank account.

Bithumb uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Bithumb use them?

Bithumb partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Bithumb clients' funds.

Bithumb clients can have greater confidence in their financial security when working with a Tier 1 bank because Bithumb are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Bithumb deposited in a Tier 1 bank?

Depositing funds with Bithumb ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Bithumb were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Bithumb is a secure and safe platform.

Please be aware that trading in financial assets with Bithumb carries a risk of loss. Bithumb trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Bithumb emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Bithumb, let's closely examine its features.

To better understand the Bithumb trading platform, you can create two separate accounts - one with real money and the other a Bithumb demo account. A Bithumb demo account provides a risk-free environment for experimenting with the Bithumb platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Bithumb trading decisions.

Open a demo account Visit Bithumb

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Bithumb as a Company Compare Against Other Brokers

Broker bithumb IC Markets Roboforex eToro
Year Established 2009 2007 2009 2007
Head Office Hong Kong Australia Belize Cyprus, UK
Regulation Unregulated Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ Bithumb users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Bithumb Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

Bithumb review
Bithumb Pros and Cons

What we like about Bithumb

  • Used by over 10,000 Bithumb users and traders
  • Established in 2009
  • Min. deposit from $500

What we don't like about Bithumb

Bithumb review
Bithumb Regulation and Licensing in more detail

The online broker Bithumb is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with Bithumb, you may not receive adequate help or recourse.

  • Unregulated

Is Bithumb Global?

Yes, Bithumb is global as Bithumb is available in over 194 countries.

Bithumb is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Bithumb covers include the UK, Germany, South Africa, Thailand, China and Australia. Bithumb has a total of more than 10,000 users.

Bithumb review
Bithumb Fees Explained

  • Bithumb withdrawal fees varies on payment method
  • Bithumb does charge a fee for inactive accounts.
  • Bithumb does charge deposit fees.

Bithumb Costs To Check

Modern brokers like Bithumb provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Bithumb may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Bithumb trading profitability.

How Bithumb Fees Compare Against Other Brokers

Broker bithumb IC Markets Roboforex eToro
Min Deposit 500 200 10 50
Withdrawal Fees $5 No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

Bithumb Minimum Deposit

Bithumb requires a minimum deposit of 500 GBP/USD/EUR when opening an Bithumb trading account.

A minimum deposit is the minimum amount of money required by Bithumb to open a new online brokerage account with them.

Don't be scared off by brokers like Bithumb charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Bithumb, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Bithumb Withdrawal Fees

The fees for withdrawing funds from your Bithumb account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Bithumb withdrawal request is important.

Bithumb Withdrawal rules may vary across different brokers when it comes to transferring funds from your Bithumb or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Bithumb may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Bithumb withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Bithumb. Researching and comparing Bithumb withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Bithumb funds frequently or dealing with large sums of money. Awareness of these Bithumb fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Bithumb funds.

For example, Bithumb allows you to withdraw your funds to Cryptocurrency.

Bithumb Inactivity Fees

Bithumb does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Bithumb terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Bithumb fees and services. It's recommended that you check the Bithumb website before signing up. If you decide to close your Bithumb account, it's important to do so with the Bithumb broker customer support and obtain confirmation that no remaining Bithumb fees are due.

Brokers like Bithumb must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Bithumb Deposit Fees

Bithumb do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Bithumb Commission Fees

Bithumb does charge commission on CFD instruments.

Brokerage firms like Bithumb may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Bithumb trading account level held by the trader.

Bithumb may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Bithumb terms and conditions to understand the commission fees and any other charges that may apply is essential.

Bithumb review
What can you trade with Bithumb?

It's essential to note that the trading instruments offered under the Bithumb brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Bithumb trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with Bithumb over 56 instruments in fact.

If you want to trade currency pairs on global Forex markets, Bithumb offer over currency pairs.

Bithumb Compared To Other Brokers

Compare Bithumb with IC Markets and Roboforex below.

Your capital is at risk

How Bithumb Trading Options Compare Against Other Brokers

Broker bithumb IC Markets Roboforex eToro
Instruments Available 56 2250 100 5000
Platforms iPhone/iPad,iOS,Mac MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares No Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Bithumb
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

Bithumb review
Trading on Bithumb web platforms and other applications

Bithumb provides traders with a user-friendly custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

A Bithumb iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Bithumb also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Bithumb's platforms

Is the Bithumb Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Bithumb trading platform to protect you on PC and mobile Bithumb platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Bithumb web trading platforms.

Bithumb Trading Platform Options

Bithumb does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Bithumb offers its custom trading platform developed and tested in-house. The Bithumb trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Bithumb platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Bithumb, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Bithumb platform, including news and quotes. Discover possible trades with the strong charting tools found with Bithumb. Bithumb is available as downloadable applications or online through the cloud. Monitor your orders with Bithumb and receive breaking news in your positions.

Bithumb Trading benefits

Bithumb Trading Accounts Offered

Below we give an overview of the account types that Bithumb offer. Whatever you are looking to trade, the varying Bithumb account types will be able to provide you with what you need.

  • Bithumb Demo account
  • Bithumb Mini account
  • Bithumb Standard account
  • Bithumb Islamic account

Can I try Bithumb?

Bithumb provides a demo account that enables individuals to explore trading before investing their funds. By creating a Bithumb practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Bithumb demo account can help individuals to make informed decisions before investing their money.

Open a demo Bithumb account to practice and trade.

Your capital is at risk

Bithumb withdrawal and funding methods

It's essential to remember that the payment methods provided by Bithumb vary based on the Bithumb entity and the Bithumb client's country of residence. To view the Bithumb payment options available, you can log into your Bithumb member's area.

Bithumb offers various funding payment methods listed in your Bithumb dashboard if available in your region. To learn more about the Bithumb funding and withdrawal options available in your area, you can explore the Bithumb website.

Bithumb provides several payment methods for funding your Bithumb account. You may utilize any of these deposit options if they are available in your region. Bithumb ensures that users have multiple payment methods to choose from, making it more convenient for verified Bithumb account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Bithumb user's location. learn more about Bithumb funding and withdrawal methods.

Bithumb Payment Methods

Some Bithumb payment methods are local and are available only to specific regions. Bithumb account holders should check which payment methods are provided in your region.
  • Bithumb accepts Cryptocurrency
Broker bithumb IC Markets Roboforex eToro
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available Bithumb and other broker payment methods depend on the clients country of residence.

How can I start trading with Bithumb?

To open a trading account with Bithumb, individuals can sign up on the Bithumb website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Bithumb account validation and making a deposit. Once completed, Bithumb users can download the trading platform of their choice.

It's important to note that Bithumb requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Bithumb maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Bithumb trading platforms is available on their website.

Your capital is at risk

Performing trades with Bithumb

When using Bithumb, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Bithumb have a max trade of varies.

Bithumb, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Bithumb can be useful for traders starting or with limited capital.

Like other brokers, Bithumb margin requirements can differ depending on the traded instrument.

CFD Trading on Bithumb

We will show you an example of the basics of using Bithumb leverage.

CFD trading on Bithumb allows traders to speculate on the price movements of various financial instruments against the broker Bithumb, without actually owning real assets. With CFDs, Bithumb traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Bithumb provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Bithumb leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Bithumb trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Bithumb leverage magnifies both profits and losses in trading.

Trading CFD trades on the Bithumb platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Bithumb traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at Bithumb

To trade effectively with Bithumb, it's important to have a good understanding of the Bithumb trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Bithumb and externally.

Bithumb . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Bithumb. Familiarizing yourself with the Bithumb trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Bithumb. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Bithumb involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Bithumb, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Bithumb. Explore the Bithumb platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Bithumb, before live trading.

Customer Support at Bithumb

As part of our Bithumb review, we review customer service options, response times and problem resolution effectiveness on the Bithumb trading platform. The Bithumb trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Bithumb Available Support Types

Based on our experience, we have given Bithumb a D grade for customer support. We encountered some slow response times or Bithumb queries that were left unanswered.

Compared to other brokers, Bithumb offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Bithumb

Our team tested the live chat support of Bithumb and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested Bithumb support services in various countries and languages and found that Bithumb were able to effectively resolve our customer issues.

Email Support at Bithumb

We tested the email support of Bithumb by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Bithumb response.

The Bithumb team did resolve and answer our queries, but the email support from Bithumb was overall average compared to other brokers we have tested.

Phone Support at Bithumb

We contacted Bithumb via phone and received quick assistance within 10 minutes of our call.

The Bithumb phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Bithumb and found that they could assist us in various languages.

While we found the Bithumb phone support satisfactory, there is room for improvement in response time.

See how Bithumb Support Compares Against Other Brokers

Broker bithumb IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit Bithumb Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with Bithumb

As Bithumb is regulated by Unregulated.

As a new client of Bithumb, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Bithumb in your region. During the Bithumb account opening process, you will be asked to provide Bithumb with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Bithumb have the following documents available.

  • Bithumb require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for Bithumb compliance. This must be dated within the last six months.
  • If you plan to fund your Bithumb account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Bithumb platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Bithumb Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Bithumb's platform.

However, remember that you won't be able to make trades on Bithumb until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Bithumb KYC compliance process as soon as possible to avoid any delays in accessing the Bithumb platform's features.

It is important to note that Bithumb may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Bithumb platform and features immediately. However, you must pass the verification process to start live trading with Bithumb, which can take up to a few business days.

To start the process of opening an account with Bithumb you can visit the Bithumb trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.bithumb.com/ on September 19, 2023.

Is Bithumb A Good Broker?

We have spent over 5 years examining Bithumb in depth. Although we found some very useful aspects of the Bithumb platform that would be useful to some traders. We feel that a alternative to Bithumb may better suit you.

  • Bithumb have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • Bithumb has a history of over 14 years.
  • Bithumb has a reasonable sized customer support of at least 10.
  • Bithumb are regulated by the Unregulated. Bithumb is subject to strict regulatory oversight from its respective jurisdiction, which holds Bithumb (the broker) accountable for misconduct. This regulatory framework helps ensure that Bithumb operates fairly and transparently and provides Bithumb customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Bithumb.
  • Bithumb have regulation from reputable regulators.
  • One of the advantages of using Bithumb is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Bithumb are particularly important as Bithumb traders want to receive their money quickly. With the efficient Bithumb payment processing system, traders can enjoy faster access to their Bithumb funds.
  • Bithumb have an international presence in multiple countries. Including local Bithumb seminars and training.
  • Bithumb can hire people from various locations in the world who can better communicate in your local language.

Bithumb Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Bithumb not quite right?

If after reading this Bithumb review, Bithumb does not fulfill your needs check out these Bithumb Alternatives.

Click here to view the best Bithumb Alternatives

We have spent years researching the best alternatives to Bithumb. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Bithumb alternatives available today. If you are unsatisfied with Bithumb or want to explore other options, we recommend checking out our carefully curated list of highly-rated Bithumb alternatives. Follow the links below to learn more about these Bithumb broker alternatives and choose the one that best suits your trading needs.

Related Bithumb Vs Comparisons

Throughout our comprehensive Bithumb review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Bithumb against other popular brokers in the industry, check out our Bithumb Vs pages. Our team has compiled a series of detailed Bithumb comparison articles, pitting the Bithumb platform against some of the best-rated Bithumb competitors in the market. Dive into our informative Bithumb Vs pages below to find out how Bithumb stacks up against other leading brokers.

Bithumb review
BITHUMB Frequently Asked Questions

Read our detailed Bithumb FAQ Section updated for 2023.

Can I try Bithumb?

Bithumb offer a demo account so you can try the Bithumb platform with virtual trading before you put down a payment. Virtual trading with Bithumb is zero risk. Learn more here

What funding methods do Bithumb accept?

Please note that the list of payment methods below depends on the Bithumb Entity and the client's Country of Residence.

Bithumb offer the following funding payment methods Cryptocurrency, among other payment methods.
Learn more here

Your capital is at risk

Is Bithumb safe?

Bithumb have over 10,000 users. While Bithumb may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to Bithumb accounts by traders are held in a segregated bank account. For added security,Bithumb use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Bithumb is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is Bithumb trading good?

Bithumb is considered good and reputable to trade with Bithumb. Bithumb is used by over 10,000 traders and Bithumb users. Bithumb offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with Bithumb is 500.

Is Bithumb trading Legit?

Bithumb was founded in Hong Kong in 2009. Bithumb has been facilitating trade on the financial markets for over 14 years. Bithumb offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to Bithumb are held in segregated bank accounts for security. Bithumb is not regulated. Although this doesn't mean Bithumb are awful, we recommend trading with regulated brokers.

Is Bithumb a good broker?

Bithumb allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Bithumb is overseen by the top tier financial regulators Unregulated so can be considered a good broker.

Is Bithumb trustworthy broker?

Despite any potential benefits associated with Bithumb, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like Bithumb, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.

What is the minimum deposit for Bithumb?

The minimum deposit to trade with Bithumb is 500.

How long do Bithumb withdrawals take?

Withdrawing money from Bithumb processing time varies depending on the method but averages 1-5 days.

Is Bithumb regulated?

Bithumb is not regulated by a top tier financial regulator.

Is Bithumb a market maker?

Bithumb is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.

How can I start trading with Bithumb?

When opening a trading account with Bithumb, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Bithumb trading platforms, you can follow the link provided below: Learn more about signing up with the Bithumb trading platform here. This will provide useful information and insights into the various trading platforms offered by Bithumb, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Bithumb?

Yes your money is safe with Bithumb.

Overall, strict financial regulation is essential for ensuring that trading platforms like Bithumb operate fairly, transparently, and responsibly, which ultimately benefits all Bithumb stakeholders involved.

Trading platforms like Bithumb must have strict financial regulation for several reasons:

  • Protecting Bithumb Investors: Strict financial regulation ensures that investors who use the Bithumb trading platform are protected against fraudulent or unethical behavior by the Bithumb platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Bithumb platform.
  • Maintaining Bithumb Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Bithumb trading platform. Regulatory procedures reduce the likelihood of the Bithumb platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Bithumb Transparency: Regulations require trading platforms like Bithumb to maintain detailed records and disclose Bithumb client information. Financial regulatory requirements enhances transparency and helps to build trust between the Bithumb platform and its investors.

Bithumb is regulated by the Unregulated. When selecting a broker such as Bithumb, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Bithumb ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Bithumb.

Is Bithumb a con?

While we would not say that Bithumb is a con. Because a top tier financial regulator does not regulate them, we would not trade with them.

Can you make money with Bithumb?

Although traders have had great success with Bithumb, trading on the financial markets with Bithumb is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Bithumb have fees?

Bithumb withdrawal fees vary on payment method.Bithumb does charge a fee for inactive accounts. Bithumb do charge deposit fees.

When was Bithumb founded?

Bithumb was founded in 2009.

How many people use Bithumb?

Bithumb is used by over 10,000 registered Bithumb users.

What is Bithumb Headquarters country?

Bithumb has its head quarters office in Hong Kong .

Does Bithumb offer negative balance protection?

Bithumb does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Bithumb offer guaranteed stop loss?

Bithumb does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Bithumb allow scalping?

Bithumb does not offer scalping.

Does Bithumb allow hedging?

Bithumb does not offer hedging.

Does Bithumb offer CFD trading?

Bithumb offers CFD trading.

Does Bithumb offer STP?

Bithumb does not offer STP trading.

How many people use Bithumb?

Bithumb is used by over 10000 Bithumb users and traders.

Is Bithumb an ECN broker?

Bithumb does not offer ECN trading.

Does Bithumb offer a demo account?

Bithumb offers a demo account.

Does Bithumb offer an Islamic account?

Bithumb offers an Islamic account.

What are the funding methods for Bithumb?

Please note that funding methods and options available with Bithumb can be found in the Bithumb Members area and depend on the Bithumb clientโ€™s country of residence. Please check your specific available payment methods on the Bithumb website. Bithumb accept the following funding methods : Cryptocurrency.

Bithumb review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Bithumb brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Bithumb review written by Mark Hansen of Comparebrokers.co