What is Bithumb?
Bithumb is a cryptocurrency exchange based in South Korea, allowing users to buy, sell, and trade a wide variety of cryptocurrencies. It is one of the largest exchanges in South Korea and is known for its extensive selection of altcoins.
Who is the Founder?
Bithumb was founded by Kim Byung-gun in 2014.
When Did It Start Operations?
Bithumb began operations in 2014.
Where Is It Based?
Bithumb is headquartered in Seoul, South Korea.
In Which Countries Is It Banned?
Bithumb primarily serves users in South Korea but may face restrictions in certain regions, including:
- United States: Bithumb has limited services for U.S. residents due to regulatory constraints.
- China: Cryptocurrency exchanges are banned.
- Other Countries: Various jurisdictions may have regulations that limit access to Bithumb’s services.
What Is the Trading Fee?
Bithumb’s trading fees typically range from 0.05% to 0.15%, depending on the trading volume and specific promotions.
Is Margin Trading Available?
Yes, Bithumb offers margin trading, allowing users to trade with leverage. This enables traders to increase their positions by borrowing funds, which can enhance potential profits but also increases risk.
