Bithumb is a South Korean cryptocurrency exchange founded in 2013.
Shortly after which it had an explosion of growth that made it one of South Korea’s largest bitcoin exchanges.
It supports a healthy number of trading pairs, though they are somewhat quiet. Bithumb supplies an API for programmatic trading and is a decent prospect for any tier of trader that is specifically looking to trade in Won.
Total trading pairs: 12
Fiat Accepted: Yes
Deposit fees: Only for extremely small deposits
Withdrawal fee: Yes, flat fee
: Yes, flat 0.15%
Verification: Yes, four levels
Verification Level Requirements
Level 1 Granted automatically upon registration
Level 2 Copy of a government ID
Level 3 A signed “pledge” and a copy of a government ID
Level 4 Proof of address no older than three months
Please note that government IDs showing all numbers will be rejected, Bithumb states all IDs must have 7 numbers covered.
Bithumb scores mixed results on the security front. They offer 2FA to secure accounts via Google Authenticator, and all withdrawals are protected by a PIN that is entered during registration. Otherwise, the more questionable practice is that there is a rather short maximum length of 12 on passwords.