Bithumb review
Bithumb is a Multi-Assets Trading Platform with over 56+ Assets
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
- Virtual Portfolio, or what is commonly known as a Demo Account
- Social Trading available
- Copy Trading available
- Bithumb offers Advanced Financial Chart comparison tools
- Bithumb offers Research-backed analysis on financial markets and investments from top analysts
- The Bithumb platform is available to use on multiple devices including Apple Mac computers, and online through a Web Browser.
- Bithumb offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- Bithumb users benefit from using the Bithumb platform in over 15 different languages
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 depend on the region of the world you are in and what entity you have an account with.
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 choosing a broker like Bithumb the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2009, and in operation for 13 years Bithumb have a head office in Hong Kong.
Bithumb is not regulated. This means Bithumb are not supervised by any regulatory bodies.
Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to Bithumb, this will be honored.
Your capital is at risk
Is my money safe with Bithumb?
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 banks financial health and strength.
What are Tier 1 banks and why should Bithumb use them?
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and are typically able to withstand unexpected losses.
What does it mean to have your funds in Bithumb deposited in a Tier 1 bank?
Having any money you deposit with Bithumb means that your funds are kept in a bank that has enough capital to accommodate your withdrawal wishes even if Bithumb goes out of business for some reason.
Therefore, we can safely conclude that Bithumb is reasonably secure and safe.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Bithumb also clearly state on their platform that Your capital is at risk.
Now that we have answered some important questions regarding Bithumb. let us look at the Bithumb features in more detail.
Try creating two accounts when you are working with Bithumb. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit Bithumb
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
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Year Established | 2009 | 2007 | 2007 | 2009 |
Head Office | Hong Kong | Cyprus, UK | Australia | Cyprus |
Regulation | Unregulated | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
Used By | 10,000+ Bithumb users | 27,000,000+ eToro users | 180,000+ IC Markets users | 10,000+ Roboforex users |
Negative balance protection | Yes | Yes | No | |
Guaranteed Stop Loss | No | No | No | |
Learn More | Visit Bithumb | Visit eToro | Visit IC Markets | Visit Roboforex |
Risk Warning | Your capital is at risk | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits |
Bithumb review
Bithumb Pros and Cons
Bithumb review
Bithumb Regulation and Licensing in more detail
Bithumb are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Bithumb that are not regulated yet appear to be legitimate.
Bithumb maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Bithumb you are not guarenteed help in a difficult situation.
- 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 Europe, Asia, Oceania, and Africa. Major countries Bithumb covers include the UK, Germany, Australia, South Africa, Thailand and China. 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.
Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.
How Bithumb Fees Compare Against Other Brokers
Broker |
bithumb
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Min Deposit | 500 | 10 | 200 | 1 |
Withdrawal Fees | $5 | Yes | No | Yes |
Inactivity Fees | Yes | No | No | |
Deposit Fees | No | Varies | No | |
CFD Commission Fees | Yes | Yes | No |
Bithumb Minimum Deposit
Bithumb require 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 that charge higher minimum deposits often offer additional premium services on their platforms that are not available for free on other platforms.
Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.
Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make returns some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.
Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.
As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.
Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.
Bithumb Withdrawal Fees
Bithumb withdrawal fees vary depending on your selected withdrawal payment method.
Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.
This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your receiving currency and your payment provider.
For example Bithumb allows you to withdraw your funds to Cryptocurrency.
Bithumb Inactivity Fees
Bithumb does charge a fee for inactive accounts.
An account inactivity fee is a fee charged to the registered brokerage client.
Brokers may have certain trading activity requirements that under the terms and conditions of the accounts and clients may have to fulfill.
If a clients trading account does not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.
Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.
If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.
Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.
Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.
Bithumb Deposit Fees
Bithumb does charge deposit fees.
You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee.
The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.
Bithumb Commission Fees
Bithumb does charge commission on CFD instruments.
A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.
A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.
Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.
Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.
If a market order is not fulfilled by your brokerage usually no commission is charged.
Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.
Bithumb review
What can you trade with Bithumb?
Be aware that different entities under the Bithumb Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client and the entity that holds the customer account. Additionally, the trading instruments offered by Bithumb may vary depending on the trading platform you choose to trade with.
You can trade a wide variety of instruments with Bithumb over 56 instruments infact.
If you are looking for Forex brokers to trade currency pairs on global Forex markets Bithumb offer over currency pairs.
Compare Bithumb with eToro and IC Markets below.
How Bithumb Trading Options Compare Against Other Brokers
Broker |
bithumb
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Instruments Available | 56 | 2000 | 232 | 100 |
Platforms | iPhone/iPad,iOS,Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 50 | 65 | 35 | |
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 | Yes | No |
Commodity CFDs | ||||
Commodities Offered | 0 | 31 | 19 | 21 |
Metals | No | Yes | Yes | Yes |
Energies | No | Yes | Yes | No |
Agricultural | No | Yes | Yes | No |
Indiced & Stock CFDs | ||||
Stocks Offered | 2042 | 110 | 0 | |
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 eToro
78% of retail investor accounts lose money when trading CFDs with this provider. |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Bithumb review
Trading on Bithumb web platforms and other applications
Bithumb offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can 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, making it easier to keep an eye on and execute your trades while you’re on the move.
See Bithumb's platformsIs the Bithumb Trading Platform Secure?
Bithumb safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Bithumb also urges its clients through its web platform to always look for the SSL security sign (a lock sign) on the browser while operating Bithumb.
Bithumb Trading Platform Options
Bithumb does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.
Bithumb offer an their own custom trading platform developed and tested in house. The Bithumb trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades.
The Bithumb platform allows traders to filter the financial marketplace for trade opportunities that match a criteria.
With Bithumb you can look for and 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 on 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.
- Demo account
- Mini account
- Standard account
- Islamic account
Can I try Bithumb?
Bithumb offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
Your capital is at risk
Bithumb withdrawal and funding methods
Please note that the list of Bithumb payment methods below depend on the Bithumb Entity and the Clients Country of Residence.
All available Bithumb payment methods available to you can be found in your Bithumb members area checked on the Bithumb website.
Bithumb offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Bithumb
Bithumb Payment Methods
- Bithumb accepts Cryptocurrency
Broker |
bithumb
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Bank transfer | No | Yes | Yes | Yes |
Credit Cards | No | Yes | Yes | Yes |
Paypal | No | Yes | Yes | No |
Skrill | No | Yes | Yes | Yes |
Payoneer | No | Yes | No | Yes |
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?
When opening a trading account with Bithumb, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Bithumb trading platforms here. You will need to provide some basic documentation to prove your identity as part of Bithumb onboarding and normal KYC identity checks. These checks are standard practice and help Bithumb provide a safe financial environment for their 10,000 users.
Your capital is at risk
Performing trades with Bithumb
Bithumb allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Bithumb allow you to execute a maxium trade of varies.
As a market maker, Bithumb may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the instruments.
CFD Trading on Bithumb
let's take a look at some of the basics of using Bithumb leverage.
Bithumb offer CFD which are a leveraged product for this example we describe ten times leverage.
So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.
So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.
Bithumb leverage magnifies both profits and losses when trading.
Let's say for example you buy/sell ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Bithumb trading platform.
let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.
It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.
Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.
The Bithumb leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.
Bithumb CFDs are typically used for short to medium term trades. For example Bithumb intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.
Always be aware that CFDs are complex instruments and come 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 get a have a good understanding of the Bithumb trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with Bithumb and externally.
Bithumb offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy/sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.
Having an analytical approach may be a good way to approach trading with Bithumb.
Take time to look around the Bithumb platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.
Customer Support at Bithumb
As part of our Bithumb review we review customer service options, response times and Bithumb trading platform problem resolution effectiveness.Bithumb support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
Bithumb have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Bithumb less customer support features compared to other brokers like live chat, phone and email support. 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
We tested the Bithumb live chat and it works well. We sent messages to Bithumb livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.
We tested communicating with Bithumb support in multiple languages in multiple countries. Bithumb where able to resolve our customer issues.
Email Support at Bithumb
We sent several emails to Bithumb and answer times overall were excellent. The fastest response from Bithumb was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Bithumb, but this was our experience sending 10 emails at varying times.
The team resolved and answered our queries. Overall average email support from Bithumb.
Phone Support at Bithumb
We called Bithumb and the call was answered very quickly. The call was answered in less than 5-10 minutes.
The Bithumb phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Bithumb team by calling in varying languages. Bithumb made an effort to make sure our queries were answered.
Overall the phone support from Bithumb was okay.
See how Bithumb Support Compares Against Other Brokers
Broker |
bithumb
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Support |
|
|
|
|
Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, German, Spanish, French, Italian | 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 |
Learn More | Visit Bithumb | Visit eToro | Visit IC Markets | Visit Roboforex |
Risk Warning | Your capital is at risk | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits |
What you will need to open an account with Bithumb
As Bithumb is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- Be aware that the expiration date of Proof of address document for different entities under Bithumb Brand may be different.
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 5 minutes or so to complete the account opening process.
While you might be able to explore Bithumb's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Bithumb you can visit the Bithumb trading platform here.
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 as investment advice. All information collected from https://www.bithumb.com/ on August 15, 2022.
Is Bithumb A Good Broker?
We spent over 3 months examining Bithumb in depth. Although we found some very useful aspects of the Bithumb platform that would be useful to some traders, our overall our feeling is that you would be better served with an alternative to Bithumb.
- Bithumb have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
- Bithumb has a history of over 13 years.
- Bithumb has a reasonable sized customer support of at least 10.
- Bithumb are regulated by the Unregulated. This means Bithumb fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Bithumb have regulation from reputable regulators.
- Bithumb has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Bithumb have an international presence in multiple countries. This includes local Bithumb seminars and training.
- Bithumb are able to 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 including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.
Bithumb not quite right?
If after reading this Bithumb review, Bithumb does not fulfill your needs check out these Bithumb Alternatives.
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Related Bithumb Vs Comparisons
We have covered allot in this Bithumb review, If you want to see how Bithumb compares side by side with other brokers check out our Bithumb Vs pages.
If you would like to see how Bithumb stands up against other brokers you can read some of our Bithumb comparisons below. We compare side by side some of our top rated Bithumb versus comparisons. Read our indepth Bithumb VS pages below.
- Bithumb vs eToro
- Bithumb vs ICMarkets
- Bithumb vs Roboforex
- Bithumb vs AvaTrade
- Bithumb vs XTB
- Bithumb vs XM
- Bithumb vs Pepperstone
- Bithumb vs FPMarkets
- Bithumb vs Trading212
- Bithumb vs NordFX
- Bithumb vs Plus500
- Bithumb vs easyMarkets
- Bithumb vs FxPro
- Bithumb vs SpreadEx
- Bithumb vs AdmiralMarkets
- Bithumb vs ThinkMarkets
- Bithumb vs HYCM
- Bithumb vs Axitrader
- Bithumb vs ForexMart
- Bithumb vs Eightcap
- Bithumb vs ForTrade
- Bithumb vs PhoenixMarkets
- Bithumb vs ETFinance
- Bithumb vs EZINVEST
- Bithumb vs FXPrimus
- Bithumb vs InteractiveBrokers
- Bithumb vs LondonCapitalGroup
- Bithumb vs Forex.com
Bithumb review
BITHUMB Frequently Asked Questions
Read our detailed Bithumb FAQ Section updated for 2022.
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 depend on the Bithumb Entity and the Clients Country of Residence.
Bithumb offer the following funding payment methods Cryptocurrency, among other payment methods.
Learn more here
Is Bithumb safe?
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 banks financial health and strength.
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 13 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 doesnt mean Bithumb are awful, we recommend trading with regulated brokers.
Is Bithumb a good broker?
Bithumb is overseen by the top tier financial regulators Unregulated so can be considered a good broker. Bithumb allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.
Is Bithumb trustworthy broker?
While having many plus points because Bithumb is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.
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 2-5 days.
Is Bithumb regulated?
Bithumb is not regulated by a top tier financial regulator.
Is Bithumb a market maker?
Bithumb is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer 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. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Bithumb trading platforms here.
Is my money safe with Bithumb?
Bithumb is regulated by the Unregulated. One of the most important criteria for traders when choosing a broker like Bithumb is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to Bithumb, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.
Is Bithumb a con?
While we would noy say that Bithumb is a con. Because they are not regulated by a top tier financial regulator 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 varies on payment method.Bithumb does charge a fee for inactive accounts. Bithumb does 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 means 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 guarenteed 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 funding options available with Bithumb can be found in the Bithumb Members area and depend on the Bithumb client’s country of residence. Please check your specific available payment methods on the Bithumb website. Bithumb accept the following funding methods : Cryptocurrency.