Is Bithumb exchange legit?

Based in Seoul, Korea, bithumb is a cryptocurrency exchange that was established in 2013. The trading volume achieved by bithumb is one of the highest clocked by any cryptocurrency exchange in Korea. It is also ranked as one of the top exchanges in the world in terms of Bitcoin trading volume.

Is Bithumb secure?

High Security The Bithumb cryptocurrency exchange is one of the most secure trading platforms for digital assets. Bithumb uses ISMS (information security management system) for its customer security solutions. They also have an option for OTP verification of trades for added security.

How can I withdraw money from Bithumb?

Log in the APP, click “Asset” in the lower right corner of the home page to enter the deposit interface. 3. Return to the withdrawal interface, click “Withdraw”, and set the “Asset Password as required.

Where is Bithumb based?

South Korea
Bithumb is a cryptocurrency trading platform in South Korea.

Does Bithumb have KYC?

South Korean crypto exchange Bithumb is set to mandate ID verification from foreign users in a bid to tighten its know-your-customer (KYC) policy in the face of regulatory scrutiny. Approval is contingent on meeting required standards relating to KYC and anti-money laundering (AML) systems and policies.

Does Bithumb global require KYC?

South Korean crypto exchange Bithumb has reportedly announced a ban on foreigners who have not completed phone-based Know Your Customer (KYC) verification. According to local coverage by Pulse, non-Koreans using the Bithumb crypto exchange will be subject to mandatory mobile verification.

Can non Korean use Bithumb?

Bithumb will prohibit access to its platform for non-Korean nationals who fail to verify their identity with a mobile phone, Pulse News reported Thursday. The policy is expected to take effect within the year with an exact date to be announced later.

How do I get crypto on Bithumb?

@bithumbglobal Bithumb Global

1. Step 1: Register yourself on Bithumb Global and create an account by using your Email.
2. Step 2: Once registered, login to your Bithumb Global account using your Email ID and password.
3. Step 3: Click on ‘Buy’ button to proceed.

Does Bithumb require KYC to withdraw?

Bithumb’s move for stricter KYC requirements comes in line with the country’s tightened Anti-Money Laundering (AML) regulations. The Korean Herald also reported that Bithumb has asked the affected users to withdraw their assets if they are unable to comply “within 2021 when customer due diligence becomes mandatory.”

How do you trade on Bithumb?

Log in the APP and click “Trade” at the bottom of the homepage to enter the trading interface. 2. Go to the trade page and select the trading pair to trade (BTC/USDT for example). Select the trading type in the order book.

Who owns Bithumb?

As a result of the case, the owner of Bithumb is now facing trial on fraud charges worth 100 billion won. Lee Jung Hoon has been indicted for his role in proposing the BXA coin, for which he allegedly received 112 billion won as a down payment.

How many Bithumb users are there?

8 million registered
Bithumb is a South Korean cryptocurrency exchange. Founded in 2014, Bithumb Korea is the most influential digital currency exchange in the country, having 8 million registered users, 1M mobile app users and a current cumulative transaction volume has exceeded 1 trillion US dollars.